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Author Topic: How much money is enough to live happily after crypto?  (Read 159 times)
KAOS247365 (OP)
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October 24, 2019, 03:17:24 PM
 #1

After being in the crypto space for over 5 years...

how much money is enough to retire completely?

Not meaning you live on yachts or in 7 star hotels but just live a comfortable life and not have to worry about finances?

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October 24, 2019, 05:31:47 PM
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 #2

It depends on the country you live in. If you are living in a country that doesn't have a high cost of living, $20,000 could be a good amount as a retirement fund but it won't guarantee you to have it last for a long time if you are not good in handling money.

While you're retired, you should still have those passive income streams so that it can sustain you continually and you're not dependent only to your retirement fund.



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October 25, 2019, 02:37:14 PM
 #3

Atleast your portfolio value need to have 10 digit value in dollar. Smiley I am not sure even that will be enough due to high inflation rate.
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October 25, 2019, 03:01:32 PM
 #4

Have a monthly income of $ 3000
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October 25, 2019, 07:11:24 PM
 #5

Atleast your portfolio value need to have 10 digit value in dollar. Smiley I am not sure even that will be enough due to high inflation rate.

that is true sir, as for most countries were their expense rate is high that won't be enough for retirement or living happily and that is why we need something that will keep us on the go while at retirement state.
by so doing, you need to have some assets and investment out there.
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October 26, 2019, 01:01:38 AM
 #6

Atleast your portfolio value need to have 10 digit value in dollar. Smiley I am not sure even that will be enough due to high inflation rate.

I think I could make a 9 digit portfolio work.

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October 26, 2019, 06:36:35 AM
 #7

Atleast your portfolio value need to have 10 digit value in dollar. Smiley I am not sure even that will be enough due to high inflation rate.

that is true sir, as for most countries were their expense rate is high that won't be enough for retirement or living happily and that is why we need something that will keep us on the go while at retirement state.
by so doing, you need to have some assets and investment out there.

In my country the cost of living is very high so that not even $1 million would not be enough to retire for 5 years. I estimate it would take $3.5 million to retire for 5 years in my country. at least with that $3.5 million people could eat very well every day; the person could wear good quality clothes; the person could pay the water bills; electricity bills; TV bills and internet bills and would still pay workers to take care of you, and would always have fuel and a good maintenance of your car and lastly you would pay a good health plan. But only for 5 years... if you want to have a good retirement to death, then you should think about doing business in the real world.

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October 26, 2019, 11:09:16 AM
 #8

A million USD is enough for me to live the rest of my life without ever worrying about where to get the money to buy my next meal. This is good enough for me to have more than a decent house, a decent car, and perhaps a not-too-small business to manage with fun while spending each day like a vacation. And of course this amount is already including some travelling expenses. Travelling is always necessary for the soul.

But, wait, don't say 'after crypto' please. There is no after crypto. There is only before crypto. When you retire, that's not 'after crypto' because you will be spending crypto, managing a business that accepts crypto, and so on. 
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October 26, 2019, 12:04:55 PM
 #9

After being in the crypto space for over 5 years...

how much money is enough to retire completely?

Not meaning you live on yachts or in 7 star hotels but just live a comfortable life and not have to worry about finances?



Any amount which you think is sufficient will not be sufficient though. Mankind is greedy and you will never satisfy on a certain amount and always wish for more. Only the death can calm our wishes and greed.

Having said that you think a certain amount is good for the next of your life which even you don't know how many years more ? A disease or any mishap/accident in life can make your estimates wrong specially in the older age.

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October 26, 2019, 01:29:28 PM
 #10

After being in the crypto space for over 5 years...

how much money is enough to retire completely?

Not meaning you live on yachts or in 7 star hotels but just live a comfortable life and not have to worry about finances?


For me i will retire in crypto world once i will earn $200k because here in my country once i have that kind of amount i am rich and i can able to do everything i want. I can relax and can build a good business to became more profitable.

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October 26, 2019, 01:44:34 PM
 #11

A million USD will do. That way you can live with family without worrying about your finances and you can help out people who really needs financial assistance.
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October 26, 2019, 02:29:37 PM
 #12

After being in the crypto space for over 5 years...

how much money is enough to retire completely?

Not meaning you live on yachts or in 7 star hotels but just live a comfortable life and not have to worry about finances?


10 bitcoin is enough for me to live happily with my family ,but 5 years won’t be enough so I may have another 5 years for a total of 10 years to accumulate this 10btc I need and after that will freely get out and make a life outside crypto









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rodel caling
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October 26, 2019, 10:19:55 PM
 #13

After being in the crypto space for over 5 years...

how much money is enough to retire completely?

Not meaning you live on yachts or in 7 star hotels but just live a comfortable life and not have to worry about finances?





Depends on the satisfaction of the people, and depends on the daily needs consumption of the family, we know a lot of people is ambitious. We need to accept even me until  have an opportunity to get income in bitcoin(crypto) I will continue to participate in the world of crypto space.
pishite
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October 27, 2019, 04:57:06 AM
 #14

After being in the crypto space for over 5 years...

how much money is enough to retire completely?

Not meaning you live on yachts or in 7 star hotels but just live a comfortable life and not have to worry about finances?



It all depends on the country where you live, but you should always keep an eye on the market and invest your pension in promising projects: real estate, shares...
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October 27, 2019, 05:46:08 AM
 #15

After being in the crypto space for over 5 years...

how much money is enough to retire completely?

Not meaning you live on yachts or in 7 star hotels but just live a comfortable life and not have to worry about finances?



Oh, I dream to retire 15e/day on a larger house. BTC does not have then 3 Million US Dollars left. (Mining)

BTC: 3Qnnx4cu45Gx4WcksNCnBPu3TaUZ5sKkLo
LTC: LYX1ZH7f4qcXq52AzA6grUYDfDngVz7BEi
XRP: rLrbZMJDdL8eQd7HsW314bCtvE16LTLYkM?dt=1113
Cryptomiles1
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October 28, 2019, 09:12:04 AM
 #16

A million USD will do. That way you can live with family without worrying about your finances and you can help out people who really needs financial assistance.

it's possible but have you imagined other locations if you were living in an European country were there currency is a bit higher than USD or have you reason there are some countries were their currency higher than EUR eg like Kuwaiti Dinar, so tell me how do you think a person in this country could possibly retire for 5years??
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October 28, 2019, 09:17:57 AM
 #17

Atleast your portfolio value need to have 10 digit value in dollar. Smiley I am not sure even that will be enough due to high inflation rate.

I think I could make a 9 digit portfolio work.

maybe is your country is not that expensive in terms of living. although that is good enough to go for 5years retirement
peter0425
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October 28, 2019, 11:15:20 AM
 #18

Atleast your portfolio value need to have 10 digit value in dollar. Smiley I am not sure even that will be enough due to high inflation rate.

I think I could make a 9 digit portfolio work.

maybe is your country is not that expensive in terms of living. although that is good enough to go for 5years retirement
Lol 9 digits folio for 5 years?even if you live in the most luxurious place you cannot spend all that 9digits unless you will gamble day and night and will keep on losing million of dollars a day









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October 28, 2019, 01:05:35 PM
 #19

I think that it depends on your needs. I think that it will be enough approximately 5k dollars per month. I also decided to make a pretty website for my business and design as well.  I found a lot of different information at https://opengeekslab.com/blog/benefits-of-motion-graphics where are described a lot of new trends. Most business owners are trying to perform their website, application or brand more recognizable. So, modern graphics can help to operate it. Customers or just app users are paying attention to pretty pictures and interesting animation.
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October 28, 2019, 03:09:15 PM
 #20

I mean, it depends on what kind of life you want to have. Do you want to live in a luxurious villa? Or do you think you could do well in an apartment? Do you want to eat some gourmet food made by your very own chef? Or are you planning to cook yourself and maybe sometimes eat outside? In any case you probably want to have some extra stack of cash somewhere because anything can happen in live. And don't let people know that you've hoarded that much money or people will come after you asking for money.
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