Of course, each of us has to attempt to best prepare ourselves under our own circumstances, and it can take a long time to build up investments whether we are including bitcoin into our investment portfolio or otherwise, and surely, the less we prepare ourselves, then when we get into our 40s, 50s and 60s we might not have created options for ourselves as we might have had been able to do if we had started preparing somewhat in our youth.

Truly more well-off people will have more resources from which to draw, yet even well off people might not sufficiently and/or adequately prepare themselves, and they may also take their finances for granted, and find out that they have fewer options because they had not started preparing early.

It is likely that many of us will make various screw ups in our finances along the way, and surely some kinds of screw ups are less long term damaging and recoverable than others.. and it is not even always going to be clear until years and years had passed if we might have screwed up some of our decisions earlier on since even  in bitcoin, we might have had been able to invest into it somewhat aggressively in earlier years, and then we might find payouts in current times, yet even if we are a later entrant into bitcoin, we still ONLY have the ability to assess where we are at from the present and make our preparations for the future based on our current circumstances how they are rather than how we wished they would be based on some things that we might have done differently in earlier times.

There might be times in which we might need to keep more of our value in dollar based assets and using some of that for short term income and then maybe some of our bitcoin might be spread into longer term kind of storage and/or income kinds of resources that might not be regularly drawn, so we can try to keep more than one source, in place, but we also might want to make sure that we have enough or more than enough before we start drawing on some sources, rather than if we might still be in the stages of building some of it up.

Some folks might say that they want to continue to work, yet it may not be the case that they want to continue to work but instead that they have to continue to work, and surely it can be difficult to change your circumstances, especially if if you are already in your 60s, then maybe the best you can do is to try to preserve your situation so that you can stop working in your 70s, but you might still be able to slow down in your 60s if you believe that might be a workable kind of arrangement that you had already reached.

I think some of the problems that I had in this thread that I mentioned in my first post in this thread is that guys were talking about FIRE in terms of various traditional investments that they have, yet it seems to me that historically bitcoin has outperformed so many of the traditional investments in such ways that it could be possible that bitcoin is able to give options to guys that would not have had otherwise been possible with traditional investment categories, so bitcoin may well allow for various kinds of abilities for us to supercharge our retirements, yet we still likely need to both manage our getting to enough (or more than enough) bitcoin, and we likely also have to manage our bitcoin so that we are not spending too much of it too soon.

Surely we have seen how folks have gotten screwed in their traditional investments, especially based on dollar debasement happening at way higher levels than they had anticipated to be within the cards and even within the current somewhat hidden status in which so many folks nominaly valuate their abilities, yet find themselves ongoingly losing ground with the value of their income in real terms.


Of course, bitcoin is not guaranteed to continue to outperform traditional assets, so we have to figure how much of a balance we want to keep in each, even when we are spending from them, so perhaps if we start to get to the cashing out stage, we might end up drawing from each in some kind of proportioned level that helps us to feel comfortable in regards to how much value we are keeping in each or perhaps if we might choose to let the bitcoin portion grow more, even though the formula is not 100% true.

Recently I had been trying to talk a friend into delaying purchasing a house, since there was a trade off between putting the value into the house and keeping value in bitcoin, and such person did not listen to me, and surely it is not my choice to make. 

Many of us likely recall that a median house in 2015 may well have had cost us close to 1,000 bitcoin ($250k), and surely today, even if the median price of house might have more than doubled in the past 10 years, right now a median house of $500k to $1million, the contrast is strong, since such $500k to $1million house will cost us in the ballpark of 6 to 11 BTC, which truly is a big difference, and we don't even have to go that far back to make comparisons, since even in 2019, we might say that a $500k house may well have had cost us around 50 BTC, and so such trend is not necessarily guaranteed, yet we can figure out where we might want to put our value, and sure if we are intent on getting a house we can choose whether to get it now, or if we might want to wait a few years (if we might be able to, and at the same time, we are the one who has to live with the decision, whether we can reasonably recognize what might be for our own financial and/or psychological good or not).. We might not realize the ramifications of our choices until 3-5 years down the road when it may well no longer be an option for us to attempt to revisit our earlier decision..


From my perspective, there are varying levels of fuck you status, including the bare minimum of being able to choose not to work.  There is no need to read fuck you status beyond that, even though surely I would concede that even being able to refuse to work full time and only to work part time, could be considered a moderated fuck you status that might ONLY be possible if enough savings/investment is built up to allow for an ability to not be forced to work full time based on having to have enough income to support yourself and your chosen standard of living.


Wasteful is subjective.  Surely if you are still in early stages of fuck you status, you might not have as much room for extravagances, and I think that I already mentioned that if you happen to have multitudes or even magnitudes beyond your entry-level fuck you status then you are going to have more room for extravagances that may or may not make you happy long term and/or short term.  I doubt that you can proclaim what might make another person happy and what the limits might be for another person.


Yeah, maybe a guy might not like hookers, lambos and blow, but another guy might.  Whether he does it daily or just once in a while, he may or may not feel fulfilled.


You may well be correct that some kinds of consumer items might end up causing a lot of work... for example getting the yacht might have to involve a whole crew, and then supervising employees, which might not be as pleasurable as imagined.


That is true too.. especially there could be quite a bit of work in buying a new house or even a mansion and then getting management systems in place might be problematic too.. including that if you might get some managers who are not honest.. that would likely cause additional work, too.


You are devolving into strawman arguments now, even though surely some people do think without realistic expectations.. including that many of us can be rich and/or even have rich sensations by merely having options and making sure that we are living within our means... whether we have a $1 million per year income or merely a $40k per year income... if we our expenses are less than our income, then we likely are rich, especially if we have chosen to live that way and if we have the choice whether or not to work rather than having to work.

 

That may be true that the main point is having options and not having to work, yet people may want some shiny objects, too, even if some of the shiny objects might cause some work to get, to maintain and to enjoy... so for example, if I get a nice boat, then I have to figure out where I am going to store it, and whether I might need to transport it.  Can I drive it myself or do I need or want help, and various decisions that may well need to be made and perhaps even questions if there are other people who might help to arrange some of these matters or do I have to do them and arrange them myself.. including keeping track of the finances or the various people involved or even my own schedule in regards to when to do the  stuff and with whom.. and is that how I want to spend my time.


Many of us are into bitcoin because it can be quite difficult to get ahead through traditional investments, yet we still have to be able to earn more than we spend, as you mentioned in your first paragraph, and so ultimately it still can take a bit of time to build up a bitcoin nest egg and then to live off of bitcoin or to supplement our lifestyle from our bitcoin rather than merely ONLY relying on traditional investments that might never be able to outpace the rate of the debasement of fiat.