In traditional withdrawal theory (of 4%) that would give you between $13,333 to $16,667 per month $160k to $200k per year, and in bitcoin such a withdrawal rate likely would not end up in spending down to zero.. so you could pretty much live off that amount forever, which largely means that you probably don't need that much, and probably you could get by with $3-4 million.

If you look at $3 million in terms of 200-week moving average that gets you to the required amount and instead of 4% withdrawal rate, you could probably use a 6% withdrawal rate and still meet your income requirements.

Yeah, traditional assets you cannot rely upon a 4% withdrawal rate sustaining itself, but in bitcoin I think that you can, and 100 BTC right now would be more than enough for your goal to have an income of between $160k to $200k per year in perpetuity, even though you are ONLY planning to live until 92. (look at 100 BTC here)


Fair enough.. right around  25 to 32x of FU status.


congrats.. only 25-ish more to go.


If you are putting the value in Ibonds or Tbonds or some other bullshit, then yeah.. but if you have it in bitcoin, then it will likely last forever if you have 5 million worth right now and you are drawing the equivalent of $200k per year or $16,667 per month.


Well that was my pre-2020 assessment, and yeah maybe it is not quite to the level of filthy rich.. but my current assessment is double that $80million ish.. which for me is 40x entry level fuck you status, but I would be willing to accept that 50x entry level fuck you status as a more appropriate threshold number since 50x is more of a round number.. but I think that either $80 million or $100 million should be quite difficult to blow, even if you  have exorbitant tastes, but you have to be able to manage your money too.. so live within a certain parameter, which even with $80 million, if you had that in bitcoin then you could withdraw around 6% per year... so let me look that up.. ...

one minute..

ok

That would be right around 2,625 BTC if we were using the 200-week moving average as our valuation and with 6% as our withdrawal rate, and it would give you right around $550k per month of income (or a wee bit more than 13 BTC per month right now)...

Part of any attempt to maintain wealth would be living within your means and not drawing into principle, and if someone needs more than 1/2 million per month to live, then surely if he were to live more frugally for a few years, then his withdrawal rate would end up going up.


Yes.. that's why $40 million was entry level filthy rich status prior to 2020.  and sure, your results may vary.
 

 You might be correct that you would not want any filthy rich person to have any limits, otherwise, he would not reach the definition of filthy rich... or even entry-level filthy rich, and by the way, I do think that you can get your money to work for you, especially using bitcoin, and maybe there would be more costs or gambles under the traditional filthy rich status if you were putting your wealth in index funds, and bonds and yes property can appreciate in value but it also costs money to maintain... but people do store their wealth in properties... and some properties likely retain their value better than other properties.


Sure, that could be the house of a filthy rich person who is appearing to live modestly...and so how many homes does a person want.. sure maybe a few would be good, but yeah each place is likely going to need some reasonable management of the whole thing, which likely becomes more important the more locations that a person chooses to have.