@0xFiatToZero@TheBTCTherapist Outlier status is only if you are not working for someone else And are young. If not, there is no flex. But if one is young, and owns their time, this is a different situation. If I was old and at the level you describe, then it’s not an outlier.
@0xFiatToZero@TheBTCTherapist 3 isn’t one step above backpacking bro 😂 Wealth is not stagnant, so SEA gives time for accumulation. Let’s not pretend we all started where we are now
@0xFiatToZero@TheBTCTherapist Of course different meaning. If you are spending that monthly, you would be an outlier category. But for general people, they’d be well on 3-4. And 5-6 monthly they’d still not be hitting much on taxes.
@0xFiatToZero@TheBTCTherapist ??Cost of living in south east Asia is very low compared to US. And there is still the option to sell more annually obviously, and the tax hit is still low with capital gain tax bracket only. Most people can live very well 3-4k monthly in SEA.
@0xFiatToZero@TheBTCTherapist Not really true, if you don’t have a matrix job, and all your net worth is stocks or bitcoin, you can sell up to 40-60k each year , and not pay any tax. long term cap gain tax bracket, minus standard deduction , and 0 job income. But need enough assets to last and grow
When you start making $50K+ per month, it’s easy to think the money will always be there.
Don’t build your life around peak income.
Running a business (at least until you get to a certain point) is so cyclical. My income today is ~70% lower than it was 4 years ago.
Thankfully I didn’t finance boats, exotic cars, or vacation homes.
I did, however, take out a $2M mortgage to buy this $3M primary.
At the time the payment was only ~11% of my monthly net.
Now?
My wife and I wish we would’ve gone with something a little less expensive.
High-income years are for building margin—not stacking fixed obligations.
Cash reserves.
Low leverage.
Room to breathe.
When you’re truly rich, buy the luxuries in cash.
Until then, protect your downside.
@ronin21btc Could've also happened before. After the historical negative oil futures event, oil ripped upward. Oil was generally up solid thru the 2022 BTC bear. I did not know much on BTC, but I rotated oil gains because I wanted BTC for the sake of having some.
@coinfessions He could still have a majority or more of the original holdings but realize he needs more, thus decide to work while continuing on the side. If you had F U money, you could pick a basic job that gets you what is necessary
Still wondering why we're stuck in a crabcrawl? Still second guessing your decision to HODL Bitcoin? Still concerned the 4-year cycles are broken?
You don't need to look any further than THIS.
Halvings don't create Bitcoin bubbles, the business cycle does. And they don't follow strict 4-year cycles.
Your patience is about to be greatly rewarded; can't keep this beach ball submerged for much longer.