A great goal is to live on what you make today BUT have ZERO debt. Determine how much Bitcoin you need today (or in X years) to generate that income at a 20% compounded interest rate (be conservative since Bitcoin has returned 30%/year).
After you reach that goal, WORK for X years to pay off ALL DEBT. Then you don't need a job.
Keep a small investment account on the side and LEARN how to invest it wisely in good companies (avoid the stock market trading - it's a fools game - gambling). And NEVER buy a lottery ticket or gamble (it's stealing your future wealth).
Boom - you have a plan.
Example: Need $100,000. That's $500K in Bitcoin. You have $200K in debt. So AFTER you have $500K in Bitcoin you work 2 more years to pay off that $200K in debt. Then you are financially independent if you live within your $100K residual income.
You can figure out how many years it takes to get to your $500K in Bitcoin based on current Bitcoin using the Power Law calculator.
https://bitcoincompounding.com/
freddms / Fred Johnston
npub1cp…8arth
2024-08-17 11:35:26
in reply to nevent1q…pfc4
Author Public Key
npub1cpv8mtgfu0h6urkfxqm24gxhqevvayznacf4nm03wcuxne49pens98arthPublished at
2024-08-17 11:35:26Event JSON
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