Re: What is the right number of BTC to own in order to become rich in 10 years??
Rich is mostly about what peer groups you (currently, and want to in future) hang around in, and your perceived position in that peer group.
Ive personally known multi-millionaire's having a few "rough years", and stressing over the fact they wont be able to afford their super expensive golf-club fee's ($50k) for that year and paranoid about "what will the other guys think and say about me when they're hitting some rounds and Im not there ?" (seriously, this fella told me when he had a few stock market mishaps and was down about 50% on his earnings ).
another pov..
"Rich"
is most often defined as
"Having more money than your Wife's best-friend's Husband does"
(you can guess the reasons behind this definition).
Or, you could hang out with the Packers, and get offered a $50M bet on the toss of a coin..
https://www.google.com.au/search?q=kerry+packer+coin+toss
To most people, "Rich" means about 2x - 5x whatever they *currently earn.
Which tells you that its not a number, its just a certain number of perceived steps up the financial ladder from *wherever you are right *now.
The problem is, as most people climb that ladder, they wind up their expenses at the same rate (or faster) as their income grows, and they find themselves with lots of money coming in, but still the same feeling of "only *just making it" as they had 10 years ago.
Another big-$ bloke Ive known (I work with quite a lot of them) was worried about being able to afford to finish the total refurb on his CBD Penthouse Condo *and keeping up the repayments on an investment pub property he'd bought..
Being "Rich" is a state of mind, not a $ figure.
Ive personally known multi-millionaire's having a few "rough years", and stressing over the fact they wont be able to afford their super expensive golf-club fee's ($50k) for that year and paranoid about "what will the other guys think and say about me when they're hitting some rounds and Im not there ?" (seriously, this fella told me when he had a few stock market mishaps and was down about 50% on his earnings ).
another pov..
"Rich"
is most often defined as
"Having more money than your Wife's best-friend's Husband does"
(you can guess the reasons behind this definition).
Or, you could hang out with the Packers, and get offered a $50M bet on the toss of a coin..
https://www.google.com.au/search?q=kerry+packer+coin+toss
To most people, "Rich" means about 2x - 5x whatever they *currently earn.
Which tells you that its not a number, its just a certain number of perceived steps up the financial ladder from *wherever you are right *now.
The problem is, as most people climb that ladder, they wind up their expenses at the same rate (or faster) as their income grows, and they find themselves with lots of money coming in, but still the same feeling of "only *just making it" as they had 10 years ago.
Another big-$ bloke Ive known (I work with quite a lot of them) was worried about being able to afford to finish the total refurb on his CBD Penthouse Condo *and keeping up the repayments on an investment pub property he'd bought..
Being "Rich" is a state of mind, not a $ figure.