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You manage to save 100USD a month, you invest that in bitcoin. Ask yourself - when will you have (guess) enough so that bitcoin has made an impact in your life? When will you move from the 50% of top wealth, to the 10% of the people and when to the 1% (or if you are ambitious, to the 1% of the 1%)?
You believe that people really pursue their goals in terms of their fitting in some kind of level of wealth in the world? That seems unrealistic.
Surely a very young person might develop those kinds of fantasies about wanting to be the top 50% or the top 25% or the top 10% of all wealthy people.. or some other class of persons.. blah blah blah.
But it makes no sense... it is intangible, yet sure people do it. So they might say that they want to be a millionaire or maybe a $10 millionaire or maybe a $100 millionaire or maybe a billionnaire or some other level of wealth... so then there might be an assumption that if they reach that level of actual wealth then they would be able to support certain kinds of expenses and to be able to own certain kinds of properties, airplanes and/or yachts.
If a person has some level of experience then maybe they can pick out some level of income that they would like to have, whether it is $40k per year, $0k per year, $200k per year, $500k per year or some other level. Once they figure out their yearly budget level, then they can figure how many bitcoin it might take to sustain such an income level. .. so the bitcoin might still end up being pegged to a certain wealth level, yet generating a certain income level also makes sense for anyone who might be trying to think through beyond just the superficialities of their ranking. but instead how much they can get.
Yes.. the more I type this post, I realize that there are some folks who think in terms of their ranking rather than merely at what standard of living they can comfortably live at.
Is 100 USD a month the answer or it will simply not make a substantial difference in the time you have left to live or live healthy or be young? It may be hard to swallow, but it may simply not be enough if you want to be financially independent or otherwise reach the wealth you would like at 30 or at 40.
I agree with the overall idea, even though people should be starting out within the position that they are at, and if all that they are able to invest into bitcoin in the beginning is $100 per month, then so be it. They might start out at $100 per month and work themselves up to higher levels.
What makes a difference to you? 1 million, 10 million? What do you need to get there = do the regression analysis. I am going to put it simple for those out there who want it in a spoon and simplified:
O.k.. Now I am following you. Let's pick a certain amount, and then if guys have multiples of that amount or even factions of that amount, they can adjust their timeline and/or their regular investment amounts and/or their other relevant assumptions.
https://www.calculatorsoup.com/calculators/financial/investment-calculator.php use "required contributions".
Future Account Value= Your target figure that would make a difference to you like... 1 000 000 USD.
Investment amount = what you have already in bitcoin or you would purchase today in USD. I will put zero.
Number of years = your ideal time to reach your target figure. I will put 20 years (you put whatever you want).
I will put yearly purchase and a bitcoin return of 20% annually.
Fair enough. We try to figure out amounts that we are able to put in over a certain period of time and also how much we expect it to appreciate. We can also calculate how we might consider our income to go up in the future and/or the debasement of the dollar.. and/or the appreciation of the bitcoin. The linked calculator that you are using might not be good at capturing each of these but it can still give some ballpark ideas.
If comes out you need to invest more than 5000 a year for 20 years. So, unless things go exceptionally well or you are willing to wait a long time, you DO need to make an investing effort of some kind.
Try some scenarios there and have a look at what impact you should expect.
I tend to like to think in terms of a person's already existing income, how much they can put away and then what is the standard of living that they expect to match their existing income or to be some multitude or magnitude higher than their existing income (while trying to be realistic about this).
Many times if a person is really ambitious and frugal and perhaps without too much expensive drama in their life, then such normal peeps would be able to figure out ways to be able to get to investing/saving 10% of their income, and surely the higher percentage that they are able to invest then the faster they will get towards having had put in some multiples of their income into bitcoin.
So if a person invest/saves 10% then it will take 10 years to reach 1 year of his income, yet if he invest/saves 25% it will only take 4 years to reach 1 year and if he invest/saves 33% then it will only take 3 years to reach one year of his income invested.. so then he would have the amount that he put in multiplied times the rate that the asset might have had appreciated or depreciated during that time, as long as he had not lost any of it.. and surely accounting for income changes too.
There are ways to come to projections, and guys are ONLY able to be so aggressive in terms of setting aside money as long as they are taking from discretionary income, so surely if the discretionary income is not enough to support investments beyond 5%, then it will take about 20 years for the guy to reach investing 1 year's income into the investment (in this case bitcoin).
Guys can only do what they can do, yet even the percentage amount put in can give some general ideas in regards to how realistic that it might be to expect the bitcoin investment to be able to replace their current income or their expected future income or the income that they expect to get off of the investment..
And now question yourself: I follow the "invest with caution and only what you can afford to loose". What can I afford to loose? What is the significance of the impact of loosing it? Is it anything except what I strictly need for food and shelter? Is it anything except what I need to continue my life as it is until I drop dead? Do I "need" a car? Do I "need" to keep up with the neighbourg's expese? Do I "need" cool clothing? Do I "need" that club membership?
I guess the end question is what are you daring to loose to change you life meaningfully.
I think that it is true that guys can increase their discretionary income by increasing their income and/or by cutting their expenses, and surely some of the expenses may be more frivolous than others, so it is quite individualistic for each person to be making choices regarding which expenses they consider to be cuttable and which ones not.
Surely a guy who invests really high amounts of his income would be able to reach higher levels of investment faster, yet they likely still need to let some time pass before they might start to draw upon the bitcoin, perhaps 1-2 cycles or more, yet surely it can be helpful to put higher amounts into the investment, as long as the investment does not get lost or the level of overinvestment might contribute towards too much emotionalism in regards to the investment, so there continues to be psychological attributes in regards to our choices of investment levels.
