Absolutely. Good advice. Never cash out your principal. Stack like crazy and live off the interest, I have been doing that for years now.
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Absolutely. Good advice. Never cash out your principal. Stack like crazy and live off the interest, I have been doing that for years now.
Exactly , this is what many miss out .
Many ask me , oh if I keep on staking ( as well as stacking ) then what's the point ?
Well reach such a amount of holding where the interests are enough , cashout those .
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I think it's because most people can't see themselves having enough stake to live off of interest alone.
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I can live off the interest of my fiat already ... crypto is just a bonus.
That's amazing.. That is not easy to accomplish.
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Even 5% of 2 Million USD is $100,000 a year. Why ever touch the Principal ?
I suppose most people don't have 2 million USD though, but those who have are very likely to live off of the interest.
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Most people do not. Some have more.
That's life in a nutshell.
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A superb advice, but not as easy to live by. People have different reasons for cashing out but the best idea is definitely to cash out the interest.
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