I know it is pretty low these days, but I still think 1m is my first goal. I think that if I invest it right I can still pull in about 6% interest per year. That would be a nice supplement to my other income. Even if I reinvested a portion of it. I think I would want to see it continue to grow without needing to worry about inflation or cost of living increases.
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6% is very manageable in fiat, simple in crypto. The challenge is doing it long-term, as investment areas are going to change rapidly in coming years.
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I am pulling in around 10% on my traditional investments. That is an average and it goes up and down per year of course. I think that six percent would be very doable!
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it is worst when you had it already many times over and you still get to fk it up and start over... really think the next time i wont make any mistakes, this all issue of real fiat value VS what i lived so far bogles me, i know that if i ever held a 9 17 job i would not be in crypto for sure, money is overall useless if printed ad eternum, i many times imagine a scenario, that several people would pool up, buy land and restore or whatever, making living expenses lower for all involved and all in crypto, would make all out journeys safer because i think the day to day grind really limits us all to move forward and it is normal of course that tunnel vision and grind is survival...
Sounds like a hippie commune to me! 😃 I look forward to the day when we can leave some of these antiquated systems behind us. I just hope we don't lose everything to get to that point.
10% on a million € would do me fine. Just need the million €...