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October 08, 2024, 09:49:58 PM
 #61

Having that amount of money where you are not supporting someone then it's not a bad idea to retire. If I have that amount of money then I won't have to work anymore since it will support myself for quite a long time. Well, if not retiring won't affect much how I live then I won't stop working but if it did then I'd find another source of income like running a business where I don't have to work personally by hiring an employee and it should be profitable then I can enjoy the free time.

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October 08, 2024, 09:59:07 PM
 #62

Having that amount of money where you are not supporting someone then it's not a bad idea to retire. If I have that amount of money then I won't have to work anymore since it will support myself for quite a long time. Well, if not retiring won't affect much how I live then I won't stop working but if it did then I'd find another source of income like running a business where I don't have to work personally by hiring an employee and it should be profitable then I can enjoy the free time.
Having this amount is already huge, so I guess I'll chose not to work anymore. Instead, I'll just enjoy my early retirement and continue investing in bitcoin and other potential investments that would definitely add to my wealth. However, we all have different perceptions with this scenario. But one thing is certain, do your thing that you won't be regretting in the future. Your life, your rules.

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October 08, 2024, 10:02:09 PM
 #63

If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel?  How can it be determined when they should just stop working all together then?  Retire now or until theyre 50/62 years of age to enjoy their $$$?
This money is big enough to start up a good investment that can generate good source of income. If it were to be me ill still invest part of it in bitcoin. Making a decision like this one needs to make a good decision and to be sure if this amount of money can be used to turn out something good. With such amount of money it is very possible to stand financially without thinking of working for someone . But if one thinks that ability to create more money is not there, it is just better to continue working .

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October 08, 2024, 10:36:53 PM
 #64

If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel?  How can it be determined when they should just stop working all together then?  Retire now or until theyre 50/62 years of age to enjoy their $$$?
Recently we were talking about this on the Spanish section of the forum, and I said there that there is something called the 3% rule, which states that you can withdraw 3% of your portfolio each year and this will allow you to not run out of money before your time comes, the 3% of 15 million is 450k, an amount that will allow you to live comfortably almost anywhere around the world, so if you can live with that amount or less per year then you could easily retire on the spot if you want.
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October 08, 2024, 11:06:08 PM
 #65

If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel?  How can it be determined when they should just stop working all together then?  Retire now or until theyre 50/62 years of age to enjoy their $$$?

The biggest danger you face is if you go into retirement greedy for money, because you may have money now and spend it at any cost. So you have to face danger in your later age, because you have to have people by your side and you have to bear all the expenses if you fall ill. And if you have people in your family who may serve you, so I think you should wait a little longer then retire.
 Because as long as you are engaged in work, your mind and health will be sound, so you may age sooner if you retire early. So you should consider the advantages and disadvantages of retirement.

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October 08, 2024, 11:19:06 PM
 #66

If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel?  How can it be determined when they should just stop working all together then?  Retire now or until theyre 50/62 years of age to enjoy their $$$?
Retirement isn’t something that is defined by the amount of money you’ve got or age. Of course  those things do come into play here but what is there to understand is that,it largely depends on you. You’re the one to decide just when it is enough to call it a stop or hold on work.
I think there are far more people around the world that have their wealth built into several forms including Bitcoin that amounts to something much more than you’ve outlined in your OP and they aren’t retired from work yet or decided to stop on the hustle. Even haven’t past the defined age as above. It’s all going to depend on you every time.

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Today at 06:33:42 AM
 #67

If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel?  How can it be determined when they should just stop working all together then?  Retire now or until theyre 50/62 years of age to enjoy their $$$?

Retired from your work is your opinion and it depends on the life you live, 15 million USD is not a small amount so if it was me I would retire because I don't know what I'm looking for again, although I know that money is not something that someone will say that he or she is satisfied with but having that kind of amount you can take care of yourself and some expenses, we are talking about the age of 44, 44 is not a small age and when having money at age of 44 all you need to do is to enjoy yourself and live the life you want because no one knows when he or she is dying.

But when retire you need to think if you won't get bored after because as a worker after retirement, you will feel like you are missing something, only those who are working will understand it because there are some things you do in your office you can't do again, but from my point of view if I have 15 million USD worth of bitcoin I will retire, even if I have a family to take care I believe this amount can help.

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Today at 06:44:22 AM
 #68

If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel?  How can it be determined when they should just stop working all together then?  Retire now or until theyre 50/62 years of age to enjoy their $$$?
The age at which you continue to work or are able to continue will depend on your physical condition, and whether you retire from it is entirely up to you. There are many who are willing to work for long years but retire too early because their bodies cannot keep up. As you mentioned fifteen million USD is not a small amount of money for a person to live a normal and comfortable life. Moreover after retirement one can start any business with this amount of money so that he can run properly with the money earned from that business during his retirement.

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Today at 06:57:11 AM
 #69

If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel?  How can it be determined when they should just stop working all together then?  Retire now or until theyre 50/62 years of age to enjoy their $$$?
An interesting question, of course. I can't give a specific answer to it right away. Everything is relative. There are many aspects that accompany a person with such capital. Someone may think that it is already possible to retire and live on dividends offered by various companies, but another cannot just sit idle and needs to constantly do something even with so much money.

 
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Today at 07:00:27 AM
 #70

Having that amount of money where you are not supporting someone then it's not a bad idea to retire. If I have that amount of money then I won't have to work anymore since it will support myself for quite a long time. Well, if not retiring won't affect much how I live then I won't stop working but if it did then I'd find another source of income like running a business where I don't have to work personally by hiring an employee and it should be profitable then I can enjoy the free time.
Having this amount is already huge, so I guess I'll chose not to work anymore. Instead, I'll just enjoy my early retirement and continue investing in bitcoin and other potential investments that would definitely add to my wealth. However, we all have different perceptions with this scenario. But one thing is certain, do your thing that you won't be regretting in the future. Your life, your rules.

Yeah, after acquiring such funds, your life truly belongs to you, and you can do what suits you best and makes you happy.
No matter what happens, you will probably be good in the long run.
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Today at 07:12:40 AM
 #71

If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel? 
If you have the ability to live your retirement with a stable financial structure why not, but the question is how the money we have can continue to produce because if you only rely on the money you have, it will definitely run out slowly. When you live in the US assuming a dividend of 3000 thousand dollars is enough to meet your living needs, then retirement steps can be taken.

But at least what we need to think about is that the money we have can continue to grow and continue to produce. Thus, the retirement we live will be much easier and we don't need to think about money because needs are increasing every day.

How can it be determined when they should just stop working all together then?  Retire now or until theyre 50/62 years of age to enjoy their $$$?
What causes the mindset of a billionaire to increase their wealth and never run out of money, they have a system where money keeps working even when they sleep. On the other hand, we who have nothing always think about wanting to work to make money, even though a system like this is not sustainable. If you want to enjoy a peaceful retirement, make your money work so that when the time comes you don't have to worry about running out of money.

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Today at 08:39:37 AM
 #72

Having this amount is already huge, so I guess I'll chose not to work anymore. Instead, I'll just enjoy my early retirement and continue investing in bitcoin and other potential investments that would definitely add to my wealth. However, we all have different perceptions with this scenario. But one thing is certain, do your thing that you won't be regretting in the future. Your life, your rules.

I would had done the same if I had this type of money, I will just start a small family business like a farm that I will be farming most of the foodstuffs that I will be eating and selling the extra to other local farmers and household that will be giving me money for my wellbeing while I keep buying in Bitcoin from the extra pension that I will be getting yearly, I will still use some part of it to increase my Bitcoin hodling. I always wish I can retire early because there are alot of things that I want to do like travel round the world to see how other people see life and how they live. Retiring early is good and it will help you to live longer because you would not be under stress from your work anymore but have the freedom to do whatever that you want and have time for your
love ones like your family and friends.

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Today at 03:51:15 PM
 #73

If someone who is 43 maybe 44 years old in the u.s. has like at most 15 million usd worth of bitcoin, should they continue to work until theyre at least 62 years of age or can they just retire much earlier assuming they were either receiving annual dividends which were at least 300k usd per year or should they work until at least 50 years old to throw the towel?  How can it be determined when they should just stop working all together then?  Retire now or until theyre 50/62 years of age to enjoy their $$$?
Most persons find perfection in working, as waking up and going to work makes them feel differently, the sight of seeing colleagues and talking to them make them feel alive despite having the money. Some Persons that have retired at the age of 40 to 44 years of age after achieving a lot

Though talking bout retirement it actually depends on the nature of the work the person is doing because we have different kind of work and some of them are hard work which involves lifting of heavy load while some are very soft work or rather an office work, so on this note if the person who has been doing those kind of hard work was able to have similar amount of money @robertcarlyle has mentioned in Bitcoin there is no need for such person to continue working that way especially if the person is within the age of 40 but for those who are very comfortable with there job there is no need to retire very early because nobody gets tired of making money and besides it should also be an avenue for the person to add more Bitcoin on there wallet.











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Perfectbaby
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Today at 06:40:19 PM
 #74

Though talking bout retirement it actually depends on the nature of the work the person is doing because we have different kind of work and some of them are hard work which involves lifting of heavy load while some are very soft work or rather an office work, so on this note if the person who has been doing those kind of hard work was able to have similar amount of money @robertcarlyle has mentioned in Bitcoin there is no need for such person to continue working that way especially if the person is within the age of 40 but for those who are very comfortable with there job there is no need to retire very early because nobody gets tired of making money and besides it should also be an avenue for the person to add more Bitcoin on there wallet.
You are right though I still see need for someone to retire because excessive labor causes easy break down, where you wouldn't last longer due to the hard jobs or over stressing oneself for a particular tasked. I believe those who works in computer room or a kind of control are easily retired due to their vision it affects them mostly and such people regularly go for medical checkup and even those who does hard jobs also go for checkup, but the main purpose of having money is to get them invested in businesses that could yield more money then the person can surely retired and while the business makes money for them. I have many people who are under age 40 has retired due to their multiple business they have and they are making money from their business so they don't need to stress rather they monitor their business to see how it grows and waxed greatly for them.

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