Gotta share this one with you: "You never get financial freedom. You just work harder and harder to get more."
Work with that.
I will give it to you that financial freedom is likely on a spectrum, so if some one saves and/or invests, then he has more and more financial freedom to be able to choose his activities, including if he has enough that he is able to stop working or to completely choose his work based on interests rather than any kind of need to receive an income.
At the same time, it is quite likely that if a guy is able to reach fuck you status and to live off of his income rather than living off having to work for someone, then that guy has reached a higher level of financial freedom, and sometimes there might need to be a cushion in the amount of money that the guy has that goes beyond entry-level fuck you status as compared to having multiples of the entry-level fuck you status amount.
I doubt that your presumption that everyone always needs or wants more is correct, especially if you have reached a status of spending from within passive income, yet the value of your various investments is going up faster than the rate of your withdrawal and also faster than the cost of living is going up.
Sure each person might choose to increase the level of his spending, yet that is not even necessarily true that every person is going to want to spend beyond the rate that his investment is increasing in value.
I have already personally proclaimed that if a person has an income requirement of $80k per year (which is $6,666) per month, then with traditional investments and traditional sustainable withdrawal methods, he would need to acquire at least $2 million in assets in order that he would be able to withdraw at 4% per year and that his investment should also on average be gaining in value at least more than his 4% per year withdrawal rate.
I have suggested that with bitcoin, so long at the 200-WMA is used to valuate the BTC portfolio holdings, then a 10% withdrawal rate could be employed in a sustainable way so long as the BTC price stays at least 25% above the 200-WMA... and if the BTC spot prices goes below 25% above the 200-WMA, then it would be prudent to employ modified withdrawal rates that are lower than 10%.. which can be seen in
my sustainable withdrawal thread and also be calculated with the
sustainable withdrawal tool. So from my point of view a guy with 800k in BTC that is valuated at the 200-WMA price would be able to withdraw $80k per year, or $6,666 per month on a sustainable level and would have had reached entry-level fuck you status by having less value in BTC than he would need to have in a traditional investment portfolio that would ONLY allow up to 4% per annualized withdrawal rate as compared with the 10% rate that would be allowable with a BTC investment valued using the 200-WMA.
So for example, even right now,
a guy with 20.33 BTC would have a 200-WMA BTC Portfolio valuation of $800k, even though the BTC spot price is currently right around 65% higher than the 200-WMA.
Of course, if a guy has accumulated more bitcoin then he could employ higher withdrawal rates that would still be sustainable, yet I doubt that the mere fact that he might have more is going to necessarily cause him to want to have a higher withdrawal rate, yet surely he could want to make sure that he is increasing his withdrawal rate (in terms of dollars) eery year to at least keep up with the cost of living increases, which could be 10% or more higher each year based on debasement of the dollar, and so he may well want to have some level of investment portfolio cushion to contribute towards his comfort in regards to his current withdrawal rate and his anticipated increases in his withdrawal rate, so a guy who currently has an annual income requirement of $80k may well want to delay his starting to employ sustainable withdrawal at that rate until he reaches some extra level of cushion, perhaps 30% higher amount of BTC, or 50% higher or maybe even some folks might not be comfortable unless they are double the size of what they believe that they need, yet even if they might have cushion requirements that are higher than what they currently believe that they need, that still does not mean that the levels of their desires for a cushion or even increasing their standard of living as insatiable as is proclaimed in the assertion that guys can never reach financial freedom.