Let's say you come up with $1million as nice round number. Again, this could as low as $500K in some countries and just for a very modest lifestyle up to $5 million for US, with many years to live, and with a nice lifestyle.
Daym
you need $5m to live in the US?Even becoming a hnwi is not enough? Fuuck.
Should have gone all in
(aimed for the head)
I am not exactly saying you need $5 Million to live in the US.
$5Million is my *UP TO* / most conservative reasonable figure for living with a NICE lifestyle in the US. It includes the following factors:
- Around 50 years remaining life expectancy.
- Absolutely no other income, retirement pension, or additional net worth.
- No additional net worth also mean you would need to buy or rent a home.
- In the USA housing can be incredible expensive depending on where you plan to live. Maybe you want live in the middle of Manhattan or in... San Francisco? Donno.
- Also health expenses can be EXTREMELY costly there.
- You might get involved in some legal issue, lawyers/trials are INCREDIBLY costly there.
- TAXES... You will have to pay taxes, at least capital gains.
- I considered a "NICE" lifestyle... nowhere near a really a rich (Gatsby style) lifestyle, but still nice.
- Maybe you want to have childrens, pay them a good education... and or have a wife, maybe even divorce her... All that shit is *EXPENSIVE* yo!
- I didn't consider any potential/additional ROI on your capital and/or future investments. That's completely outside of my calculation, otherwise I would have to also take into account the possibility of negative returns or you just losing it all on a lousy investment because of you thinking you are the fucking Warren Buffet. No, I am just considering the principal as if it were a pot from which you would be spending until it gets depleted.
- I allowed for a safe margin (25-40%) of remaining wealth upon your death, be it liquid or your bought home, etc... just in case.
And, taking all the above into consideration (plus many more factors!)... I just took that *MAXIMUM* figure right out of my ass. Because I can.
If $5million is your goal, then you need
BTC price BTC quantity$5k - (anticipated lowest, currently) = 1,000 BTC
$8,600 - (today's price, while typing) = 581.4 BTC
$10k - (reasonable extreme bottom price in 2 years) = 500 BTC
$25k - (reasonable extreme bottom price in 5 years) =200 BTC
$100k - (reasonable extreme top price within 2 years) = 50 BTC
$250k - (reasonable extreme top price in 5 years) = 20 BTC
I personally believe that $2million is decently enough because that gives you $6,666 / mo of passive income. We should be considering average USA locations rather than the extremes of NYC or SF... .. of course, the higher the cost of living of your preferred location, the more that you need.
By the way, we should also know that BTC does not need to be your exclusive source of income or assets in order to still serve as "fuck you" money and also to be calculated while considering the balancing of other assets and possible income that you might have from other sources that would not necessarily interfere with your ability to claim to have reached a kind of "fuck you" status
