171 sats \ 0 replies \ @kurszusz 11 Feb \ on: Spending Sunday - What Recent Bitcoin Purchases Have You Made? bitcoin
I just sold some fiat money for Bitcoin ;)
If you talk about the 4% yearly income, based on your investment as net profit, AND in NPV (Net Present Value)...maybe I can agree partially...
But if you talk just simple as 4% income... => you're in loss, because of inflation (which is bigger than 4$)...I talk about the REAL inflation, not about the FED "math" ;)
I will tell you an example: here, in my city (it is almost the most expensive city in Romania) you can buy a block house of ~70 square meter for around 100k euro, and you can rent it for ~700 euro / month. This is also much more than 4% yearly income...but if we take in consideration the additional costs, a part of this income will evaporate (issues, government taxes, real estate agent, etc)...
European Union is like a "show-business"...
I really appreciate the Hungarian prime minster (Viktor Orbán), and her politics, but I think he alone will not be enough...
These 2 (or at least 1...it depends on my "free time") is on the "to do" list for the next week:
Bitcoin Standard: A decentralized alternative to central banks
This is a book in Hungarian language (I'm sure it is available on English too)
BITCOIN: Freedom, FInance, Future
by TIMI AJIBOYE, LUIS BUENAVENTURA, ALEX GLADSTEIN
This book is in Romanian language, and dik if it is available on other languages.
Both of these books I borrowed it from a friend, but I'm sure I will buy it asap :)
Happy reading guys!
"They earned it for themselves", but unfortunately all of Europe suffers from this.
It is just a matter of time, and you will hear on MSM climate problems, NetZero and Russian sanctions also... This is just the beginning...
And MSM are talking about this, because right now it is evident, and you can't cover everything to infinity
To own companies => not a passive income, because you need to involve in company decisions, make the good decision depending on the market / demography / changing laws / etc conditions. So it is not a passive income at all.
To own stocks => you also need to follow the market, the FED policy, the new technologies, whales, etc... => alsno not a 100% passive income.
To be a landlord: you have a lot of CAPEX cost (liming, wall painting, changing installations, etc)...these costs are around 10-15% from your profit. Plus, you have the risk that the chartere mooves out, and until you find the next (for this you also pay for a real estate agent) you will have a loss of income.
In plus...all of these previous 3 needs a major investment ;)
About your affirmation "return of 12.7% annually is unsustainable in the long run" I think it is really sustainable. Not 100% passivelly, but it is sustainable long term.
BUT...as I said in my previous comment....these are just my personal opinions, based on my past experriences.
Hope you don't hate me, because I don't agree with you 100% :)
Fact: 100% passive income does not exist (imo)
To have 800 Euro monthly income:
It depends on how much money do you want to invest for this "semi passive" income. I think you need around 80k initial capital (1% monthly income) to realize your target with minimum risk (because it easy to say...put 800 euro on "black" on the roulette, and double your money...but this is not investment, just gambling).
If you thinking in digital are, you can try to run some nodes.
But...you can try to create digital content on youtube / tik tok.
It depends also in which country you live, becuse of specific laws about taxation, etc...
It’s been higher I gifted the stackers 1M sats via rewards during Christmas of 2022
This is a very nice gesture from your part!
I already posted to my X (Twitter account), but it could be more efficient a post from official SN Twitter account