Quote from: calian on April 06, 2013, 08:41:06 AM

Any of you guys read Jacob Fisker Lund's blog before he stopped being early retired? Basically he made about $40,000 a year as a grad student, lived on about $7,000 a year and saved the rest for 5 years before becoming financially independent. Seems like he could have done it in two years if bitcoin had been in the picture.

http://earlyretirementextreme.com/

I've had this vision of selling all one's possessions for bitcoin, getting down to just what would fit in a backpack and travelling the world for 3-5 years waiting for full valuation to arrive.

Don't do it! Buy a mining rig instead, get the most efficient mining rig you can afford... live off the proceeds, Then go BackPacking around the world, take pictures lots of them and save for the day when you have to upgrade.

so I used to make 37k/year. my rent was only 900.00 including utilities and I only spent about 200 on monthly expenses + internet of course= big savings.

I often bake my own bread, I never eat out except on special ocassions and take the time to learn new skills in my spare time... I saw Bitcoin and I understood this was my ticket!

So I quit my 37k a year job and lived off of my savings while I learn how to put all my intellect and motivation toward this Epic, Truly Monumental project; Bitcoin is going to change the world!

Now here Is what i'm going to do... right now broke. spent my money on buying the best equipment I could afford and living expenses really killing me, but I read everything that I can aim my eyeballs at and figured this out.

What is bitcoins global demand? I have no clue, but I know there are lots of people who want to use bitcoin, just gotta get those merchants on board.

1: so I figure the price will rise no matter what: check

2: I bought my rig that will pay itself and start generating revenue until it's not efficient enough, sell my old cards get new ones buy ASIC.

3: Live off proceeds, use spare time to find more efficient ways to live and live within my means.

4: pack my rig into a little safe room, pay my rent, pay someone to keep an eye on it,

5: exchange my money, declare revenue from investment or whatever mining bitcoin falls under for taxation...(I like my government, they can be pricks at times though and I do not like the people they hire... but over all their doing a good job)

6: Travel the world, visit poor countries where my revenue will be greeted with great appreciation by the locals, take advantage of loose women after my BTC, visit questionable establishments, have a good time.

Yeah that's my plan.