Post
Topic
Board Bitcoin Discussion
Re: Constructive Financial Advice Needed
by
Broke@$$Joe
on 26/10/2020, 15:04:16 UTC
What sort of income would you need to retire there (I'm kinda curious). I'd guess if living off $75k you'd start a company or invest and make 4-10% a year (so 3 to 7.6k)?

- I don't really know, or better said it differs from person to person. [ spending habits, money management etc etc]
In my city one can lavishly waste 1-10k a night if throwing parties etc etc
I'm a cheap one, I was raised like so.
I have lived through basic needs and necessities and thanks to God I have no rent to pay for my old constructed house, which is decent enough even for a foreigner who loves to live humble.
Workign as a waiter gave me 125$ off taxes, and at the best month going 200$ with tips included.
On the other work, I was getting paid 250$ off taxes[which is near the average salary], with no more tips included.
Give or take, I was getting payed around 400$ a month.
1/3 of it went for taxes such as electricity, health care, bills etc etc]
The others left were spent trying to get through the month and trying to save up to 100$/per month as a goal, which was not often met.
Money wouldn't change me for what I missed out during puberty and early 20's.
I just see it as an access because I'm tired trading my time for a fixed pathetic amount of money.
I have no diploma, own no tools for my skills[which go around 3k as a package and not the best ones]
So to me, 100K can settle me not even worrying to grow more[which is not my ambition]
With 300-500K, I can settle my kids future and maybe more generations if my seeds did better than me and continue growing.
However, back 2 your curiosity.
Real Estates here vary from 50k-125k[from average apartments, to luxurious ones built post communism.
There are also some overpriced one going for 300k-400k which are beautiful, but not worth it.
Starting businesses or companies it's an hard task, at least for as much as I know what is going around here.
But yeah, 100-250K, and U never worry for a thing for the rest of your life.
4 seasons here
Beaches, mountains, valleys, villages to be explored with not that much of a money, so U don't need as much to 'travel the world' and spend your wealth of 100-250k.
Trying a Business/Brand or a company?
Worth it, but in the same time at the current state, Not worth it.
And that's why 1Bitcoin is a huge deal to me!
1 BTC to HODL till the next peak-near peak, and buying 2+BTC or more on Peak's correction which is around -80-90% as Data shows from previous 2 Peaks
So, I don't see my self 'retiring' even if I owned at the moment 1BTC, I wouldn't take cash profits to the extent of 100k-200k
but swing trading just 0.25BTC[three-four times per year] owning 2BTC after next peak, would give me what I need to settle down and still store most of my wealth on Bitcoin.
And this is not why I love Bitcoin for.
But trading a fraction of it and not gambling it [long-short and being a day trader] would be a 'work' for me being independent and taking care of others, not even bothering starting a company, a business or whatever. I'd be writing about Bitcoin, following news, looking how it moves n the charts. Live life, pursue what I like to find my passion, read and self educating my self.
All this, because Bitcoin would de-couple me from fiat enslavement and rat-race.
I would not trade my time no more for cash, and for pathetic amount which can't make me start my own thing for now and hopefully grow.
So, besides Bitcoin's great Technology, it is a savior for real!
I hope I answered your answer which I may have not, because I didn't really understood your meaning of percintile ROI because I never did one so I can not really answer it the way U want.
I gave capital perspectives which might help U calculate your perception.
I'd be glad if I helped Smiley