Sorry, just saw you had replied (I am mainly on X). BTW - saw an interview recently where you recommended tithing 10% to the local church, and then saving 30%, and living on 60% - I think that is wonderful advice!
About the 8% rule, I still don't really understand: in Bitcoin terms 100/8 would then only last 12 years? Or would you take 8% out every year, so after year 1 you're left with 92% of original amount, but then you take 8% of what's left, etc?
Additionally - if Bitcoin goes through 40, 60, or 80% drawdowns, how would you survive in those years....? Or would you draw 8% of your BTC stack each year, convert to fiat, and then only live on a part of that and keep the rest in fiat to "smooth out" the amount and have a steady income year by year? Trying to wrap my head around it.
/ Gorto
npub1z5…myulg
2024-12-26 15:43:44
in reply to nevent1q…g5ns
Author Public Key
npub1z54vvlk07rk9lwcaq64f8ykzze4petgkkwg9pps6nxjx5edzul9smmyulgSeen on
wss://relay.primal.netPublished at
2024-12-26 15:43:44Event JSON
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