Quote from: nh0xxpr01 on September 03, 2019, 06:43:30 PM

Quote from: FinanciallyFreeFox on August 27, 2019, 10:09:20 AM

Everyone has a slightly different method for becoming financially free, based on their personality, skill-sets and appetite for risk.

I haven't come across many other BTC enthusiasts though that are using Bitcoin to become financially free, so I thought it might be interesting to share what I'm doing.

My plan, simply put is:

Invest a % of my Income into BTC (£100,000 / $120,000) - I have almost completed this step
Wait for that investment to grow by 5-10x
Pull out my profit and invest into residential property
Live off the rental income (passive income will be £100,000 / $120,000 p/a)

Thats if it goes according to the plan Ive detailed here: https://youtu.be/SiYc6ipKefQ

Some may perceive my plan as extremely reckless.

I know I could potentially lose everything that I invest, but Im prepared to take that risk, because in my mind the potential reward outweighs the potential risk.

If Bitcoin goes to 0, then it will be a major setback. It wont ruin me, but it will take me two years to save up that money again (saving £50k from my £75k post tax income).

If it pays off, my route to financial freedom will be LIGHT YEARS faster than I could ever expect from property, gold, bonds, or investing in the stock market as a whole.

Although I fully understand the risk involved, I dont see this as a gamble. I truly believe in Bitcoin as a technology. Im willing to bet on something that I believe will have a positive impact on the world going into the future.

If Im wrong, Im wrong. Thats it. Start again.

But if Im right, my life will change.

Thats really just a brief summary of my investment strategy (there is actually a bit more to it) - Ive created a video, also linked to above, with a clearer explanation here: https://youtu.be/SiYc6ipKefQ

It would be interesting to hear if anyone is doing anything similar to this, and what peoples' thoughts are.

Wait for that investment to grow by 5-10x - sounds easier than it is.

Yes, patience is the key. Luckily I have practice.