Till then i am keeping my head down and stacking Sats.
You can hardly go wrong with that strategy during our current times because we have NOT quite reached "face-melting"
tm - (attributed to Hyperjacked) BTC price movements
Yeah, repeating this simple mantra for quite some time now. but i might need some planning once we cross $15k-20k mark because my bigger share of salary comes in BTC so obviously i can't afford volatility at that stage.
The variables likely ONLY change a bit when you earn money in BTC rather than earning in fiat. Expenses and preparations still need to account for the likelihood that your expenses are likely being calculated in terms of fiat, and probably, I will venture to guess, the amount that you are paid in BTC is likely calculated in terms of its fiat value (you can correct me if I am wrong with my guess).
Frequently, someone who is paid in BTC is going to be selling on a regular basis and sometimes even forced to sell at times that s/he does not want to, and probably there are some ways to attempt to give yourself enough of a cushion in order to cause yourself more latitude in the when to sell matter than what you would have if you did not plan sufficiently, which is largely a matter of attempting to project out your cashflow needs far enough into the future and attempting to account for possible emergencies and things like that, too.
You do have many advantages that's why i am the one asking the questions and you are answering them as best as you can so no contest here.
After I posted, I was kind of second-guessing whether I should have gone down that line of thought in terms of attempting to make some speculative comparisons because it is so difficult to extrapolate and compare because I even question how I would have handled myself if I had exposure to bitcoin in my earlier days of building various aspects of my investment portfolio, and on an ongoing basis there are going to be temptations to pull out some of the value along the way... and so maybe I am even thinking that I might have been too scared to have been in bitcoin in any kind of meaningful way in my earlier investment years.... so it is so difficult to extrapolate to the 80s and 90s in comparison to what are today's options.
Yeah based on fiat value.. 60%-80% payment comes in btc depending on the different contracts/clients. So far I never felt cashing out my BTC salary, except 2-3 times, Profit-lose swings both ways continuously due to volatility but i don't trade so its automatically goes into my Hodl stash and i don't care much about when BTC goes down 1k or something as its temporary IMO .
During my building of my investment formative years, which was largely in the late 80s and through the 90s, I feel that I never really invested more than 10% of my overall cashflow into various investments, but I continued to make those kinds of investments steadily, even when i started with some mediocre jobs during that time, and even when I went to college and used some of my interest-free student loans to build investment practices, I largely stuck with about 10% of my cashflow that was dedicated to investment, but some of that cashflow involved leveraging debt.
Seems that I did not really go beyond 10% until I landed a fairly decent job, after quite a bit of college, and then at that point, I could dedicate more cashflow towards investing that maybe lasted a bit over 12 years.. and maybe there were periods that I invested 30% of my cashflow into various investments... so it seems that I never got anywhere near 60% that I allocated towards investing, and I can hardly even imagine investing 80% of my cashflow... gosh I feel like I must have been lacking a lot of discipline compared to you, JSRAW.
There seems to be quite a bit of luxury for anyone who is able to allocate more than 10% of their cashflow towards investing and to still be able to fill comfortable living within their means... and I feel fortunate for the years that I perceive that I was able to stack decently high amounts of value when I was stacking within the 10% to 30% range, even though that period did not last a very long time, it did cause me to generate what I felt was relatively a lot of capital during that time.
Rest of the remaining fiat salary is enough to get things going irl because i have virtually 0 debt and i try to avoid spending money on unnecessary stuff so it helps my cause in some extent.
Of course, living within your means remains important, and I have always had access to a decent amount of debt that I could draw from and to circulate for my investments, and perhaps that could have been a bad practice for me to be using debt; however, I doubt that I could have landed high paying jobs without my education debt, and then even when I had jobs, I still would leverage some of my investments with debt, and frequently, the servicing of the debts were NOT very bad, so I am NOT sure in the end whether i could have reached as high of levels of capital accumulation if I had not been given access to very cheap debt.
Even now, I still circulate debt in my cashflow, and the amount of the debt that I circulate has remained fairly constant through my BTC investment, and maybe in 2013, it was around 3% of my networth, and probably currently my circulating debt is around 1% of my networth. The value of the debt is so much reduced because BTC has brought up my networth so much, but I still continue to leverage and employ debt as an investment vehicle.... Seems to give me more options, even though there can be some burdens in managing it, too.
I think one of the things that saved me with the use of debt is that I largely have been attempting to use it to attempt to multiply value by using it largely for investing, and I tended to hold back on a lot of my consumption items - at least living well within my means, so by the time my interest in bitcoin came along in late 2013, I had accumulated pretty decently large stashs of wealth that I could dedicate and reallocate into bitcoin at that point.
By the way, I had some investments that did not go very well, too, so looking back at some of my investment history and my use of debt was probably like trying to learn various money management techniques, and just causing me to continue to think that I have so many difficulties considering how much I would have been willing to put into bitcoin at earlier stages of my investment life and how the availability of something like bitcoin would have worked out for me, if I had gotten involved in such an investment - which also does reinforce my ideas that aiming for 1-10% investment into bitcoin continues to be prudent... but then continuing to DCA a decent percentage into bitcoin seems to be great too when anyone is in his/her portfolio value accumulation phase.
Will revise my strategy after BTC cross $15-$20k and i am sure things might change drastically once i get married or when babies comes.
Overall, it seems that your percentage of your cashflow going into BTC does seem to be quite high, but so long as you feel that you can cover your remaining living and emergency expenses with whatever fiat that you have coming in, then I suppose that those systems will serve you decently well, too.
Of course, baby and wifey are likely to cause additional expenses.. and also maybe some changes in your allocation and even investment opportunities... but sounds like you are, at least, attempting to engage with your situation and to plan ahead.... but a similar thing was going on with mindrust, too. At several points he had said that he was putting so damned much of his total percentage into BTC (it was like 40% without any other investments), so part of an anticipated problem can come if the BTC price moves against you when you start to have so much value in one asset or a narrow set of assets, and then you see so much loss of value on paper if the price moves against you.. or even the BTC price might fail/refuse to rally.. so then you have to account for those possibilities too.. which might just mean, NOT investing so much into BTC and just letting what you have already invested ride while you just make sure that you have plenty on your fiat side to ride through the various waves including any emergencies that might come, too.
Surely, it is good to hear about differing perspectives and approaches, and I like the idea of changed dynamic with zero debt, because it is likely a bit more straight forward, and surely bitcoin still seems to serve as a kind of asymmetric bet, so it is not exactly necessary to use any debt or leverage and still to be able to potentially profit stupendously by merely ongoingly stacking sats within an ongoing reasonable budget.
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