237 sats \ 6 replies \ @go 21 Feb \ on: What are you even gonna do with the money? Personal_Finance
My newest thought...
If BTC is going to increase in purchasing power by and average of 2x every year, then it's fully reasonable to withdraw at least 1% (and even up to 5% if you're in need) every year. 1% Should have negligible effect on your family's inheritance no matter the size of your stash.
write
preview
this territory is moderated
50 sats \ 5 replies \ @Fabs OP 21 Feb
Hmm hm hm hmmm... Kinda like FIRE with Bitcoin?
reply
0 sats \ 4 replies \ @go 21 Feb
Is that an acronym?
reply
60 sats \ 0 replies \ @justanumber 21 Feb
FIRE = Financial Independence Retire Early
reply
0 sats \ 2 replies \ @Fabs OP 21 Feb
Nah, it's a strategy to retire early off of the yields of an all-world ETF portfolio as far as I know... Not my kinda jazz.
reply
60 sats \ 1 reply \ @justanumber 21 Feb
FIRE = Financial Independence Retire Early As far as I understand it, it's a goal, a concept. The way I see it, you can do it however you choose. It seems some people do it via ETFs and/or real estate flipping, property management, side hustles etc... Some people are probably doing it with bitcoin too but maybe they don't call it FIRE.
reply
0 sats \ 0 replies \ @Fabs OP 21 Feb
Hm, fair.
reply