Quote from: bkbirge on January 20, 2020, 03:01:39 PM

Quote from: JayJuanGee on January 20, 2020, 02:52:41 PM

If $5million is your goal, then you need
BTC price BTC quantity

$5k - (anticipated lowest, currently) = 1,000 BTC
$8,600 - (today's price, while typing) = 581.4 BTC
$10k - (reasonable extreme bottom price in 2 years) = 500 BTC
$25k - (reasonable extreme bottom price in 5 years) =200 BTC
$100k - (reasonable extreme top price within 2 years) = 50 BTC
$250k - (reasonable extreme top price in 5 years) = 20 BTC

I personally believe that $2million is decently enough because that gives you $6,666 / mo of passive income.

Always good to see numbers like this. $5 mil is a good goal to have, and the passive income from that would put you in the wealthy status in the USA.

But of course as people age these goals need to be updated, I know a lot of folks here are younger but if you hit a medical emergency or some other such family emergency that requires you to dip into your capital you can be wiped out.

So personally I think JJG's $2 mil figure is good but I'd want a lot of padding to cover those possible (inevitable) times, therefore I'd also peg $5 mil as a decent benchmark for this. Though everyone would be different here I guess.

Personally, I think that there tends to be a lot of posting of high and falutin numbers that just seem way too pie in the sky that might cause failure and refusal to pull the trigger by letting the perfect be the enemy of the good.

Of course we have to adequately account for changes in cost of living and things like that, but really by the time someone actually pulls the fuck you trigger, s/he should already have a decent idea regarding his/her previous lifestyle and to be able to continue to live within that lifestyle.

There can be several factors that cause someone to require less in retirement/"fuck you" status than while being in some kind of "job." 1) Some of the expenses of the "job" as mentioned in my above post, but also, 2) just the fact that you might not necessarily feel that you need to continue to stack value and put that value into your retirement/"fuck you" fund because you have already reached the aspired passive income level towards which you had been aiming.

Regarding the second point. I recall so many years of taking at least 10% or more of my income and putting it towards various investments, and after a while that fund starts to be able to sustain itself in some kinds of ways. By the time, you get to retirement/"fuck you" status, you should have already been weaning yourself from having to input additional value into that fund. Of course, you could have a passive income that is 10% or higher than the amount that you need in order that you would just continue to be putting value into the fund at about a rate of 10% which would hypothetically be consistent with your past investments habits/practices.

Of course, in the end, the factors will need to be weighed including known expenses and a bit of the known unknowns and the unknown unknowns, and sure there are going to be unknown unknowns that go way the fuck beyond your preparations, but if you have seriously put thought into the matter and adequately prepared, the outrageous unknown unknowns would have been such unlikely events anyhow, and we should not be planning our lives around events that are so damned unlikely.. like Armageddon or whatever.. yeah, Armageddon has about a 1% chance of happening, so don't fuck up your whole life and your ability to retire because you put way the fuck disproportionate preparation into that... like 20% or even 50% like some people seem to be inclined in those kinds of ways to prepare for holy shit not going to happen events - and I am NOT sure if that is just a means to talk themselves out of actually pulling the fuck you lever when they really should (but yeah, ultimately their discretion, and the above remain just factors to consider rather than trying to tell anyone what to do with their ultimate conclusions regarding what is important to them).