Its too much money unless we end up with a situation where 1BTC or 2BTC = a Lambo then you can probably leave me out.
I can afford to buy a couple right now & have a good stash still left but fuck that.
Im not spending a sizeable amount of my stash on a fucking car, man.
Big, massive house & multiple apartments to rent out - yes.
Car - No
Never spend huge amounts of corn on anything unless its something that increases in fiat value. New cars are one of the worst investments.
Yeah, but get real LFC.
I understand that you are still in a kind of scarcity mindset, but once you reach filthy rich status, then at that point you have so much excess wealth that you will likely become less frugal than your current mind-set will allow. I already can see from your posts that you do not have a warren buffet mindset. You are not going to be eating at McDonalds and driving 15 year old cars once you reach filth rich status.
Furthermore, I appreciate that your threshold for spending money on a lambo is decently high, and probably in a similar arena as mine, even though I do kind of like cars.. not as much as hookers, but still... I can appreciate a nice car.
so yeah, perhaps there are some WO peeps who might go so low as 1/5 ratio and willing to spend their BTC on a lambo, and I am more likely in the 1/300 ratio.. but you might be in the 1/1000 ratio... Part of my point, is that there would be a threshold in which extravagance is part of the mix... including flashy cars, such as a lambo. Yeah the hookers and blow might have a lower threshold, but those ones were not really part of my hypothetical question.
Interesting points from both.
Some people actually like being frugal, aka driving much less of a car than they can afford. WB is an example, of course. Maybe they get off on power, etc.
Sometimes it also could be a work place. If you suddenly show up with a Lambo or McLaren GT in a middle income workplace, there might be too many questions.
On the other hand, what's the point if you can't spend a bit.
The progression is (or should be): middle class>affluent>rich>wealthy
The difference between rich and wealthy is the duration.