Oddbean new post about login | logout How many cycles did you have to hold through before you could live like this?
Only 2… but I went all-in with my entire life savings I sold everything I owned I put in every paycheck I lived humble, on less than 20% of my income
How much bitcoin do you think someone would need today in order to retire in 2 cycles?
That number will be 100% dependent on the style of life you are living now (ie how much you spend vs how much you make) and WHERE you live (cost basis for various countries differ greatly) VS The changes you are able to make to build the life you want, once you decide what you want, and what you are willing to sacrifice to get it… Happy to continue the convo via DM There is no simply answer to that question, but I am happy to share my thoughts and opinions on the subject
If you spend 2% of your stack per year, it will last 50 years. How much does 2% of your stack need to be worth to take a year off? Times that number by 50. If you think you'll live longer than 50 years, adjust accordingly. It's Morgen Rochard's idea, but I agree.
I’m living to 100 but how do I know how much I need annually? 🤔
My advice is to reduce expenses as much as possible while prioritizing quality of life… I live off of a fraction of what it would cost me to live in the States… way easier to control your costs than to make more money, which makes the numbers a hell of a lot easier to crunch