Oddbean new post about | logout
 Even if Bitcoin goes to $1M you’re still gonna be poor lol https://image.nostr.build/d96037d38002794568991712cfdbc3245563107913ac38a31ac6eb72e4770a6c.jpg  
 Even if you're a whole coiner and Bitcoin goes to 1M*

But there is nuance here, 1M cash held sovereignly is by no means poor. Most of those costs assume huge leverage and debt. 
 Stack ≠ flow. Cashflow over lifetime is easily north of 4 million 
 I'm just saying that by having large savings you easily take 1M off these average costs. You can cash flow debt payments on 4M worth of purchases but still be very poor. 
 Yes correct. I wasn’t making a counter argument. Just saying if you’re a wholecoiner with cashflow and bitcoin goes to a million this depiction of the American dream is achievable. If that’s the American dream you’re striving for of course 
 Remember this chart is today’s dollars too. Only getting more expensive in the future. 
 A funeral is part of the American dream? lol 
 If you’re lucky 
 Dead serious about it 
 And you have control over ALL of this...take personal ownership of your personal finances.

(Example--I'm currently driving a 25 year old car that I bought new--what do you think my "lifetime car purchase" costs are?)

There are other items above as well...but the problems for most are:
a) instant gratifcation 
b) profligate spending
c) financing everything
d) keeping up with the "Joneses"

Really--this is ALL under your control, and subject to the decisions you decide to make. 
 Good plan, be nice if the money you save in wasn’t debasing itself though. Wonder if anything fixes this 🤔 
 715K to retire? That can’t be 😂 
 I think it’s a fair estimate 
 Cool chart, I’ve not seen one like this