A "nice lifestyle" is relative. I don't think an 8-figure net worth is necessary to live well. I also don't think a house and car are bad purchases. A house is a solid investment, and even in a housing crash, your house's value is far less likely to evaporate like altcoin gains. Altcoin gains can disappear overnight, so putting money into "real" assets is a smart move for someone whose portfolio is 100% crypto.


You can't eliminate your housing expense completely: property taxes. And property taxes tend to be significantly higher on multi-family buildings than single-family. Also, being a landlord can be a real headache. You have to deal with evicting non-paying tenants, landlord-tenant lawsuits, you have to regularly find occupants (or pay realty agents to do so), you need to do building repairs and deal with city/county/state housing codes. A single oversight in purchasing a large building (regarding, say, seismic retrofitting or similar renovation) can set your ROI back years.


Glad to hear that you are covering your initial investment and keeping some cash in the bank. Don't get too lavish with the car and holidays; those expenses can add up very quickly.