I personally would consider $5-10mil in todays dollars to be financial independence. If you’re paying $5-10mil for a house and an education, you’re getting ripped off and need to move or change schools.
Not that there’s anything wrong with having expensive things - I just don’t value either of those at those prices.
To me, financial independence is the ability to take care of yourself and your dependents (wife, kids, elderly parents) for 5+ years using savings alone. Which I believe a single Bitcoin in 2034 could accomplish easily.
It all depends, houses these days cost $800k+ just for a standard, old house, and will probably be double that in 10 years. College for the kids, a state school is different than MIT is different than no college. I prefer MIT, but I went to a state school and am OK, all will double..
So many factors..
If Bitcoin megamoons, yeah, we are all good in 10 years 🤙
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