I need to retire already | Bitcointalksearch.org

pereira4

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Quote from: WhatTheGox on April 04, 2015, 10:28:11 AM

Quote from: SmoothCurves on April 03, 2015, 06:30:20 PM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

1M is enough to retire in Medellin, Colombia

1 million is enough, i dont know what kinda lives you guys live, its only not enough if you become completely unproductive and sit a on a beach, i guess that could be the definition of retire but i'll never do nothing, being productive is too much fun, even if that means growing your own food.

Being productive is usually working in something you don't like. Leissure time is fun and is not "doing nothing" by definition.

WhatTheGox

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Quote from: SmoothCurves on April 03, 2015, 06:30:20 PM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

1M is enough to retire in Medellin, Colombia

1 million is enough, i dont know what kinda lives you guys live, its only not enough if you become completely unproductive and sit a on a beach, i guess that could be the definition of retire but i'll never do nothing, being productive is too much fun, even if that means growing your own food.

ekissane

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Quote from: tokeweed on April 03, 2015, 08:50:40 PM

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

On thursday.

I think you toked too much of that weed tokeweed Grin

tokeweed

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Life, Love and Laughter...

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

On thursday.

Cconvert2G36

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Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

Well then, you better get a job.

Q7

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Oh come on, even if there's a windfall of money enough for retirement, one could still use it earn back even more. Look at some of the richest billionaires, you haven't really seen any of them retiring just yet. What I'm trying to say here is that using you retirement fund you could travel around the world in a first class airline seat but given the choice, would you rather take a private jet, going around the world which would be even more better?

BillyBobZorton

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Quote from: Biodom on April 03, 2015, 07:09:37 PM

Quote from: SmoothCurves on April 03, 2015, 06:30:20 PM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

1M is enough to retire in Medellin, Colombia

1mil is enough in most of US, providing a few simple conditions:

1. Your children are independent and DONT leach off of you.
2. ~50% of your expenses are covered by Social Sec-very reasonable to expect $1250-1400/mo for each (H+W)=$30000-34000/year for husband and wife nuclear family (kids would probably leave the nest by then)
Therefore, you would need to provide just 18K-22K/year from that 1mil to match average family income in US, which is 52K. It is not a life of super abundance, but with mortage gone, it may be better than most expect.
18-22k is quite possible considering that SAFE withdrawal is supposed to be 4% or 25K for 1mil in savings
3. your home is paid off
4. your RE taxes are small or subsidized-true for many states (for 65 and above).

As a sad comment to above, the average 401K (typical retirement account) in US is 14 thou and average 401K of those 55-64 is 104K, so almost nobody will have that million.

Good plan, but I would probably invest a part of it and not use it just to do your groceries and whatnot. Probably buy a nice small property and rent it (asuming you already a paid home as you said in point 3).

Biodom

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Quote from: SmoothCurves on April 03, 2015, 06:30:20 PM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

1M is enough to retire in Medellin, Colombia

1mil is enough in most of US, providing a few simple conditions:

1. Your children are independent and DONT leach off of you.
2. ~50% of your expenses are covered by Social Sec-very reasonable to expect $1250-1400/mo for each (H+W)=$30000-34000/year for husband and wife nuclear family (kids would probably leave the nest by then). Therefore, you would need to provide just 18K-22K/year from that 1mil to match average family income in US, which is 52K. It is not a life of super abundance, but with mortage gone, it may be better than most expect. $18-22k is quite possible considering that SAFE withdrawal is supposed to be 4% or 25K for 1mil in savings
3. your home is paid off
4. your RE taxes are small or subsidized-true for many states (for 65 and above).

As a sad comment to above, the average 401K (typical retirement account) in US is 14 thou and average 401K of those 55-64 is 104K, so almost nobody will have that million.

SmoothCurves

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Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

1M is enough to retire in Medellin, Colombia

randy8777

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Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

my guess is you will need to wait at least 10 years to see bitcoin above $10,000
just continue with what you were doing or do something else and think about your coins getting more value every year.

AtheistAKASaneBrain

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Quote from: Wilhelm on September 17, 2014, 04:49:41 AM

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

80 Bitcoins

Now $450
You want $15k to retire

That's $1.2M profit on your current $36k (to put it into perspective 3333% gain needed)

And you are sick because you have waited a full year and already managed to buy a house (partially) using BTC.

LOL!!!! Roll Eyes

I would be prepared to wait 5 years for 1M. Greed is a killer

In 5 to 10 years OP will be a millonaire, but chances are he will panic along the way and sell way before that day arrives. Sadly people aren't wired to hold long term.

Brewins

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How much your earn with interests/dividents/etc with your 80 BTC?

I guess nothing, right?

Then you have as many reasons to retire than someone with no savings.

You consider a retirement when what you get from your money is enough for you to survive without you losing the money you saved

ensurance982

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Trust me!

Quote from: WhatTheGox on April 03, 2015, 03:06:40 PM

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

I reckon you've done ok, dont worry about selling out too early but ont make the same mistake again, hold out for the big money!

In the mean time i'd try and find some work you really enjoy doing, start a business or something, you have to work until you die even if its managing your investments.

You should always have a backup plan. Just relying on BTC holdings isn't a very smart thing to be honest. Sure, BTC can go through the roof and make us all rich (if we don't both it somehow), but it sure isn't a safe bet!

WhatTheGox

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Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

I reckon you've done ok, dont worry about selling out too early but ont make the same mistake again, hold out for the big money!

In the mean time i'd try and find some work you really enjoy doing, start a business or something, you have to work until you die even if its managing your investments.

ensurance982

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Trust me!

Well, retiring is something you can do if you *really, really, really* can live off of your interest you gain from your holdings. Otherwise I'd just go and keep my current day-to-day job and earn as much as possible and be financially safe and sound. Also you may end up being depressed and feel worthless if you retire too early... happens to a lot of people, actually!

bitebits

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Flippin' burgers since 1163.

Quote from: exocytosis on September 17, 2014, 04:55:43 AM

Bitcoin will never get above $500 again.

You have an awful lot of trust in the dollar Wink

bornil267645

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AltoCenter.com

let's just hope it does, but my question is what if it doesn't reach that mark. What will you do then? Do you have a backup plan.? If not then you are in for one heck of a retirement.

ekissane

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Quote from: peeveepee on September 17, 2014, 05:33:13 AM

Quote from: Hunyadi on September 17, 2014, 04:53:14 AM

Quote from: onlyu on September 17, 2014, 04:46:50 AM

IF you are sick of work, it means you are in the wrong line of work.

Really?! So you can't be sick of work as a concept.

Human need a purpose to survive beside food and shelter.

My purpose to survive is to have a good time. PARTY!

juju

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Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

Funny thing is we are all the OP, so the OP's moon is 15000. My moon is anything above 4000. Have faith man, Satoshi is still holding his coins.

Hunyadi

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Quote from: arcanum on September 18, 2014, 11:38:32 AM

Quote from: bananaControl on September 17, 2014, 07:12:51 AM

Quote from: piramida on September 17, 2014, 07:04:57 AM

Quote from: onlyu on September 17, 2014, 04:46:50 AM

Find something that best fit your interest and talent.

Often does not pay shit. Like I found my talent in knitting and enjoy it thoroughly, but to fully be myself I need to retire first

Become the best knitter in the world, and I promise you that you can make a good living by knitting. Of course it isn't just about doing something you love, you still have to put a lot of effort into it. If your work stinks, no on will pay for it no matter how much you loved making it.

Yeah sure buddy, you went from THE BEST KNITTER IN THE WORLD to "if your work stinks".

What if he is really good, but not THE BEST IN THE WORLD? Don't need to answer, i'll tell you: He will be a 9-5 drone.

Working is shit and im going insane, and i only have 1 BTC so the best I can do is cash out buy a glock and shot it in my temporal lobe. If you don't have luck or inherit (inherit) or have an insane talent for something (more luck) = you are fucked. Scam scam scam. Fuck this gay planet.

That's the spirit. Man up.

Amph

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Quote from: scarsbergholden on September 18, 2014, 02:04:11 AM

Quote from: Amph on September 18, 2014, 01:50:14 AM

Quote from: scarsbergholden on September 17, 2014, 03:07:26 PM

Quote from: Amph on September 17, 2014, 02:19:30 PM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

it's more than enough, if you don't spend money in useless things...

It's more than enough depending where you are, but it probably won't afford the best retirement if you want to live in a metro area in an industrialized country.

if you have already the house you don't need all those money to retire seriously, i'm talking about the money needed to live a simple life, sustain taxes and food, not buying yatch big house with 30 pools, hookers and other crap

it doesn't matter where do you live, it matter more how you spend your money

Actually, it really does matter where you live. Compare the average cost of living of New York City or San Francisco, with that of Bucharest. This is why some people save up to retire to cheaper places......

one could argue that 100M aren't enough, because he want to buy a stealth fighter to travel around the world

i still thing that the important things is how you use your money

arcanum

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Quote from: bananaControl on September 17, 2014, 07:12:51 AM

Quote from: piramida on September 17, 2014, 07:04:57 AM

Quote from: onlyu on September 17, 2014, 04:46:50 AM

Find something that best fit your interest and talent.

Often does not pay shit. Like I found my talent in knitting and enjoy it thoroughly, but to fully be myself I need to retire first

Become the best knitter in the world, and I promise you that you can make a good living by knitting. Of course it isn't just about doing something you love, you still have to put a lot of effort into it. If your work stinks, no on will pay for it no matter how much you loved making it.

Yeah sure buddy, you went from THE BEST KNITTER IN THE WORLD to "if your work stinks".

What if he is really good, but not THE BEST IN THE WORLD? Don't need to answer, i'll tell you: He will be a 9-5 drone.

Working is shit and im going insane, and i only have 1 BTC so the best I can do is cash out buy a glock and shot it in my temporal lobe. If you don't have luck or inherit (inherit) or have an insane talent for something (more luck) = you are fucked. Scam scam scam. Fuck this gay planet.

Hunyadi

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Quote from: minimalB on September 18, 2014, 05:54:14 AM

These two threads are also cool regarding early retirement and where to stay:

https://bitcointalksearch.org/topic/early-retirement-extreme-168650
https://bitcointalksearch.org/topic/i-am-currently-country-shopping-what-are-some-good-ones-354227

Nice, thanks!

minimalB

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These two threads are also cool regarding early retirement and where to stay:

https://bitcointalksearch.org/topic/early-retirement-extreme-168650
https://bitcointalksearch.org/topic/i-am-currently-country-shopping-what-are-some-good-ones-354227

swansong

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Good luck i think within 3 years you'll be retired.

Buffer Overflow

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Quote from: mrkavasaki on September 18, 2014, 05:19:03 AM

do you guys think 1million usd is enough money to retire in thailand?

Depends how many ladyboys you hire per month. Cheesy

mrkavasaki

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do you guys think 1million usd is enough money to retire in thailand?

oceans

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Really wouldn't even consider retiring even if you have a lot right now. Nobody knows how anything will turn out at the moment and it's just a waiting game to see if it will rise or drop again. It's always good to have some kind of income rather than relying on the bitcoins you have to live off after retirement.

spiderbrain

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Quote from: Tony Abbot on September 17, 2014, 10:37:49 PM

I've got 30 grand in BTC and 50 grand in a shitty savings account, no job and no house. I'm dreading returning to the workforce but it's gotta be done.
I'm not quite 40 and even after 6 months of having a break from working, I'm still not bored... I never get board because he who is awake is constantly amazed.

I know how you feel. I wouldn't quite say dread but I've taken 9 months off from selling a few coins in November, and it's been a fine time indeed. However, reality is also calling me back to some pointless fiat money generating activity.

Hunyadi

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Quote from: wormbog on September 17, 2014, 03:04:11 PM

Quote from: ekissane on September 17, 2014, 02:33:57 PM

Quote from: nuff on September 17, 2014, 10:15:40 AM

15K is easily achievable in our lifetime.But do you have faith in it though to see it through 15k?

Yes I do have faith in bitcoin and do certainly believe it will hit 15k but when is the issue. I'm sick of my job now. I've no choice but to carry on working so like everybody else I'll grin and bear it. I could be a lot worse off.

If you didn't have the bitcoin would you continue on with a job you dislike forever? Hopefully not. Don't wait around for bitcoin to free you from your current situation - it may never happen. Start looking for a new job now.

Wise words!

scarsbergholden

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Quote from: Amph on September 18, 2014, 01:50:14 AM

Quote from: scarsbergholden on September 17, 2014, 03:07:26 PM

Quote from: Amph on September 17, 2014, 02:19:30 PM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

it's more than enough, if you don't spend money in useless things...

It's more than enough depending where you are, but it probably won't afford the best retirement if you want to live in a metro area in an industrialized country.

if you have already the house you don't need all those money to retire seriously, i'm talking about the money needed to live a simple life, sustain taxes and food, not buying yatch big house with 30 pools, hookers and other crap

it doesn't matter where do you live, it matter more how you spend your money

Actually, it really does matter where you live. Compare the average cost of living of New York City or San Francisco, with that of Bucharest. This is why some people save up to retire to cheaper places......

Amph

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Quote from: scarsbergholden on September 17, 2014, 03:07:26 PM

Quote from: Amph on September 17, 2014, 02:19:30 PM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

it's more than enough, if you don't spend money in useless things...

It's more than enough depending where you are, but it probably won't afford the best retirement if you want to live in a metro area in an industrialized country.

if you have already the house you don't need all those money to retire seriously, i'm talking about the money needed to live a simple life, sustain taxes and food, not buying yatch big house with 30 pools, hookers and other crap

it doesn't matter where do you live, it matter more how you spend your money

sickpig

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Quote from: Miz4r on September 17, 2014, 04:39:28 AM

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

Nobody can retire the coming decade(s), millionaires will soon see all their 'wealth' vanish into thin air just like how it was created. Bitcoin could go to $15,000 who knows but dollars won't make you able to retire anymore. Neither will gold, silver or Bitcoin. Actual skills, strong communities and knowledge will become the new highly valued assets, because they will be sorely needed for our future. People who have none of those will become the new poor class.

Incoming WWIII?

Tony Abbot

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I've got 30 grand in BTC and 50 grand in a shitty savings account, no job and no house. I'm dreading returning to the workforce but it's gotta be done.
I'm not quite 40 and even after 6 months of having a break from working, I'm still not bored... I never get board because he who is awake is constantly amazed.

spiderbrain

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Quote from: frienemy on September 17, 2014, 03:23:14 PM

It's strange that most of us are trained to believe that the best way of living a life is to exhaust this world's and society's ressources to the max!

+1

frienemy

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I was promised da moon

Quote from: scarsbergholden on September 17, 2014, 03:07:26 PM

Quote from: Amph on September 17, 2014, 02:19:30 PM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

it's more than enough, if you don't spend money in useless things...

It's more than enough depending where you are, but it probably won't afford the best retirement if you want to live in a metro area in an industrialized country.

Some people don't need yachts or jacuzzies. I could very well retire with a million bucks cause I think too much luxury would be bad for me. It's strange that most of us are trained to believe that the best way of living a life is to exhaust this world's and society's ressources to the max!

Ibian

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Quote from: scarsbergholden on September 17, 2014, 03:07:26 PM

Quote from: Amph on September 17, 2014, 02:19:30 PM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

it's more than enough, if you don't spend money in useless things...

It's more than enough depending where you are, but it probably won't afford the best retirement if you want to live in a metro area in an industrialized country.

I live in Denmark. One of the most expensive countries in the world. Several times more expensive than the states, to get that out of the way. A million buckos would be plenty for me for the rest of my life. Some people just don't handle money well s'all.

thehappybtc

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I would want to retire too but my holdings are about 0.80 btc, I don't think it's enough...

scarsbergholden

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Quote from: Amph on September 17, 2014, 02:19:30 PM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

it's more than enough, if you don't spend money in useless things...

It's more than enough depending where you are, but it probably won't afford the best retirement if you want to live in a metro area in an industrialized country.

wormbog

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Quote from: ekissane on September 17, 2014, 02:33:57 PM

Quote from: nuff on September 17, 2014, 10:15:40 AM

15K is easily achievable in our lifetime.But do you have faith in it though to see it through 15k?

Yes I do have faith in bitcoin and do certainly believe it will hit 15k but when is the issue. I'm sick of my job now. I've no choice but to carry on working so like everybody else I'll grin and bear it. I could be a lot worse off.

If you didn't have the bitcoin would you continue on with a job you dislike forever? Hopefully not. Don't wait around for bitcoin to free you from your current situation - it may never happen. Start looking for a new job now.

ekissane

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Quote from: nuff on September 17, 2014, 10:15:40 AM

15K is easily achievable in our lifetime.But do you have faith in it though to see it through 15k?

Yes I do have faith in bitcoin and do certainly believe it will hit 15k but when is the issue. I'm sick of my job now. I've no choice but to carry on working so like everybody else I'll grin and bear it. I could be a lot worse off.

Amph

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Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

it's more than enough, if you don't spend money in useless things...

minimalB

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Quote from: ajareselde on September 17, 2014, 10:00:26 AM

how about this ; your 80 bitcoins soon loose value, from cca 36k usd to 4k usd.
funny how every single one of you believes only that bitcoin will go up.

You took it exactly out of my mouth.
Ohh yes, i have 80btc, time to retire, bring it on!

Even though I am personally long and bullish, I think this kind of mentality is foolish.

15k/coin could happen this year, maybe never, so don't count too much on it.

In the meantime, try doing something productive while waiting for your retirement : )

gog1

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Same as OP, I sold my stash of coin to buy a house. I sold steadily from June through August 2013. Cry

Took a while to rebuild it to 60 BTC through mining altcoin, trading at 796 and betting. Sold them all at 510

I really think BTC is still in a bear market.

scarsbergholden

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Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

Congrats on the house purchase. Hopefully you did your due diligence and got a damn good deal. I wouldn't start planning on retirement with those bitcoins just yet. I am a long term bull, but that's still not set in stone.

hayabusa911

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Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

I just changed the price. You should be able to sell them now.

zimmah

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Quote from: peeveepee on September 17, 2014, 05:33:13 AM

Quote from: Hunyadi on September 17, 2014, 04:53:14 AM

Quote from: onlyu on September 17, 2014, 04:46:50 AM

IF you are sick of work, it means you are in the wrong line of work.

Really?! So you can't be sick of work as a concept.

Human need a purpose to survive beside food and shelter.

yes but that purpose is not working for the benefit of someone else.

nuff

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15K is easily achievable in our lifetime.But do you have faith in it though to see it through 15k?

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: wachtwoord on September 17, 2014, 07:32:00 AM

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

If you find the answer to this question give me a heads-up. If not, I'll just wait until it happens.

how about this ; your 80 bitcoins soon loose value, from cca 36k usd to 4k usd.
funny how every single one of you believes only that bitcoin will go up.
good luck, but i would dump and rebuy lower if i were you

cheers

wachtwoord

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Activity: 2324

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Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

If you find the answer to this question give me a heads-up. If not, I'll just wait until it happens.

Hunyadi

legendary

Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

Quote from: bananaControl on September 17, 2014, 07:12:51 AM

Quote from: piramida on September 17, 2014, 07:04:57 AM

Quote from: onlyu on September 17, 2014, 04:46:50 AM

Find something that best fit your interest and talent.

Often does not pay shit. Like I found my talent in knitting and enjoy it thoroughly, but to fully be myself I need to retire first

Become the best knitter in the world, and I promise you that you can make a good living by knitting. Of course it isn't just about doing something you love, you still have to put a lot of effort into it. If your work stinks, no on will pay for it no matter how much you loved making it.

There can only be one best knitter in the world, and that would be my mother! So perhaps,

instacalm

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Activity: 798

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Quote from: Ibian on September 17, 2014, 07:21:02 AM

Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

You don't need a house. You don't need a car. All you NEED in the modern world is rent, food and beer money (or whatever you spend your time doing). A million is plenty for that. I'm planning to travel the world on that budget in fact, and could (and probably will) do it for less.

It mostly depends on how one lives and what one does indeed, $1.2m is plenty of money. Would definitely be enough for me

Ibian

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Activity: 2268

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Quote from: EFS on September 17, 2014, 06:21:10 AM

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

You don't need a house. You don't need a car. All you NEED in the modern world is rent, food and beer money (or whatever you spend your time doing). A million is plenty for that. I'm planning to travel the world on that budget in fact, and could (and probably will) do it for less.

howareyo

newbie

Activity: 28

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You can retire for sure but you should live with your actual holdings for 10 years before reaching those values.

spiderbrain

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Quote from: Wilhelm on September 17, 2014, 07:11:41 AM

Quote from: spiderbrain on September 17, 2014, 06:00:01 AM

Quote from: Buffer Overflow on September 17, 2014, 05:54:32 AM

Get paid for something your love doing, and you'll never work a day in your life.

I wasted so many years of my life chasing those fairy tales. Work pays because people don't want to do those things. People things enjoy doing happen for free.

I do nothing very well indeed, but unfortunately it doesn't pay very well Wink

bananaControl

sr. member

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Decentralize All The Things!

Quote from: piramida on September 17, 2014, 07:04:57 AM

Quote from: onlyu on September 17, 2014, 04:46:50 AM

Find something that best fit your interest and talent.

Often does not pay shit. Like I found my talent in knitting and enjoy it thoroughly, but to fully be myself I need to retire first

Become the best knitter in the world, and I promise you that you can make a good living by knitting. Of course it isn't just about doing something you love, you still have to put a lot of effort into it. If your work stinks, no on will pay for it no matter how much you loved making it.

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: spiderbrain on September 17, 2014, 06:00:01 AM

Quote from: Buffer Overflow on September 17, 2014, 05:54:32 AM

Get paid for something your love doing, and you'll never work a day in your life.

I wasted so many years of my life chasing those fairy tales. Work pays because people don't want to do those things. People things enjoy doing happen for free.

piramida

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Activity: 1176

Merit: 1010

Borsche

Quote from: onlyu on September 17, 2014, 04:46:50 AM

Find something that best fit your interest and talent.

Often does not pay shit. Like I found my talent in knitting and enjoy it thoroughly, but to fully be myself I need to retire first

EFS

staff

Activity: 3976

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Crypto Swap Exchange

I don't know where do you live but I don't think 1.2m$ is enough for retirement in anywhere. I would wait for at least 10 millions.

spiderbrain

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Quote from: ekissane on September 17, 2014, 04:12:06 AM

When do you reckon that will happen?

Maybe next year, maybe never. Don't count on it!

spiderbrain

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Activity: 889

Merit: 1013

Quote from: instacalm on September 17, 2014, 06:02:04 AM

I'm a living fairy tale then, I do what I love for a living and I enjoy doing it.

I believe you, but this is rare. What most people enjoy doing doesn't pay. I have certainly found this to be true for me and most of the people I have known in my life. However, cognitive dissonance does come into play for most people and they will lie to themselves that they enjoy doing what they have to do to ease the pain. It's a well studied psychological phenomena, not that it necessarily applies in your case.

Hunyadi

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Quote from: spiderbrain on September 17, 2014, 05:58:42 AM

Quote from: Hunyadi on September 17, 2014, 04:53:14 AM

Really?! So you can't be sick of work as a concept.

hell yeah you can!

That's what I thought! Grin

instacalm

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Activity: 798

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Quote from: spiderbrain on September 17, 2014, 06:00:01 AM

Quote from: Buffer Overflow on September 17, 2014, 05:54:32 AM

Get paid for something your love doing, and you'll never work a day in your life.

I wasted so many years of my life chasing those fairy tales. Work pays because people don't want to do those things. People things enjoy doing happen for free.

I'm a living fairy tale then, I do what I love for a living and I enjoy doing it.

spiderbrain

legendary

Activity: 889

Merit: 1013

Quote from: Buffer Overflow on September 17, 2014, 05:54:32 AM

Get paid for something your love doing, and you'll never work a day in your life.

I wasted so many years of my life chasing those fairy tales. Work pays because people don't want to do those things. People things enjoy doing happen for free.

spiderbrain

legendary

Activity: 889

Merit: 1013

Quote from: Hunyadi on September 17, 2014, 04:53:14 AM

Really?! So you can't be sick of work as a concept.

hell yeah you can!

Buffer Overflow

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Activity: 1652

Merit: 1016

Quote from: Hunyadi on September 17, 2014, 04:53:14 AM

Quote from: onlyu on September 17, 2014, 04:46:50 AM

IF you are sick of work, it means you are in the wrong line of work.

Really?! So you can't be sick of work as a concept.

Get paid for something your love doing, and you'll never work a day in your life.

devphp

sr. member

Activity: 336

Merit: 260

If you don't put these bitcoins to work, they won't help you to retire.

Hunyadi

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Quote from: peeveepee on September 17, 2014, 05:33:13 AM

Quote from: Hunyadi on September 17, 2014, 04:53:14 AM

Quote from: onlyu on September 17, 2014, 04:46:50 AM

IF you are sick of work, it means you are in the wrong line of work.

Really?! So you can't be sick of work as a concept.

Human need a purpose to survive beside food and shelter.

And that purpose has to be work (I mean "work" where you get salary)?

I agree, there has to be a purpose.

peeveepee

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Activity: 211

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Quote from: Hunyadi on September 17, 2014, 04:53:14 AM

Quote from: onlyu on September 17, 2014, 04:46:50 AM

IF you are sick of work, it means you are in the wrong line of work.

Really?! So you can't be sick of work as a concept.

Human need a purpose to survive beside food and shelter.

exocytosis

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Activity: 476

Merit: 250

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

Bitcoin will never get above $500 again.

Hunyadi

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Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

Quote from: onlyu on September 17, 2014, 04:46:50 AM

IF you are sick of work, it means you are in the wrong line of work.

Really?! So you can't be sick of work as a concept.

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

80 Bitcoins

Now $450
You want $15k to retire

That's $1.2M profit on your current $36k (to put it into perspective 3333% gain needed)

And you are sick because you have waited a full year and already managed to buy a house (partially) using BTC.

LOL!!!! Roll Eyes

I would be prepared to wait 5 years for 1M. Greed is a killer

onlyu

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Activity: 165

Merit: 100

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

Unlikely to happen.

IF you are sick of work, it means you are in the wrong line of work. Find something that best fit your interest and talent.

Miz4r

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Activity: 1246

Merit: 1000

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

Nobody can retire the coming decade(s), millionaires will soon see all their 'wealth' vanish into thin air just like how it was created. Bitcoin could go to $15,000 who knows but dollars won't make you able to retire anymore. Neither will gold, silver or Bitcoin. Actual skills, strong communities and knowledge will become the new highly valued assets, because they will be sorely needed for our future. People who have none of those will become the new poor class.

Hunyadi

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Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

Quote from: ekissane on September 17, 2014, 04:12:06 AM

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

C'mon guys! Lets retire this poor guy!

instacalm

hero member

Activity: 798

Merit: 500

Good job on having bought a house in September

You could buy a large pack of lollipops with the remaining once Bitcoin hits 1$ again

ekissane

member

Activity: 65

Merit: 10

OK guys and gals, I've 80 bitcoins (did have 410, but sold most to buy a house last September. Bad timing or what!)
Anyhoo, I'm sick of work and figure if bitcoins get to $15,000 I can retire.
When do you reckon that will happen?

Topic: I need to retire already (Read 5293 times)