@FinancialPhys $300 per week on groceries is insane for a family of 3. Shop at Walmart, Aldi, and Costco. I’m sure you’d be able to cut that down significantly
@HodlFlorida I can’t stand this advice from trad fi. Ok so maybe someone can be a millionaire when they’re 65 with this strategy but by that time a million dollars will buy a Toyota Corolla
This is why I stopped contributing at least to my 401k. Run the numbers on Bitcoin over the years with a conservative CAGR compared to what it’s had up until now. It will outperform a 401k invested into a target date fund even including the tax savings and company match (depending on what the match is). I don’t want to work until I’m 59.5 either. I can access my bitcoin whenever I want but I’m locked out of that 401k without penalty.
This is a bet on Bitcoin, but it’s one I’m willing to take
Overheard a coworker today showing off the $10,000 watch that he recently bought. I will never understand how someone can justify spending 10k on a watch while they are still working a 9-5.
Spend 10k on Bitcoin instead and get one step closer to freedom
@lindsaybitcoin I’ve made a lot of wrong moves in the past, and looking back if I were to just buy and hold only Bitcoin I’d be in a much better spot right now
This video is irrelevant to your post. I think pretty much everyone who owns Bitcoin knows that it will be useless in a post apocalyptic scenario. People are
not buying it to protect them in that scenario, they’re buying it because it hits all the properties of sound money, because it’s scarce, because it’s decentralized, among many more reasons. Sounds like you need to do some more research
@FinFreedom414 Comfort in any area of life almost never correlates with growth in my opinion. In order to grow, you gotta consistently do the hard things until they become easy and then re-assess.
Doing the hard things + discipline will put you ahead of the majority of the population
@AntheaClar@Leo_Traydes To be honest I have not looked into it as much as I should. I know they’re trying to tokenize and become a tradfi/crypto platform to compete with Coinbase, but other than that I don’t know much. Going to add that to my list of things to do to look into it further
@BitcoinRachy Literally just lowered my contribution percentage to zero so I could buy bitcoin instead. Not even getting the company match. Come at me tradfi