When bitcoin hit $10k, I panicked and sold off the majority of my holdings. To protect myself from myself, I immediately put that money into a trust that I can't access until I'm 62. It was more money than I had ever seen, and I was afraid I'd blow it all, so that's what I did to protect myself.

I put the remaining bitcoin into cold storage, and purposely only maintain a watching-only wallet so I can see it, and remind myself of what I have when the time comes.

I earn my living, and live modestly within my means. Having a normal day-to-day life is necessary for me to continue working and living this way. If I started spending now, it would be very difficult to convince myself to continue working. It would basically drive me into early retirement, and that's just not what I want for myself right now.

Ive got the trust, and the cold wallet to fund my retirement, and the paycheck to fund my day-to-day life. There's a balance that works for me, and knowing my character and nature, it needs to be this way if I'm going retire happy and fulfilled, and not feel like I wasted my life enjoying all the trappings of luxury. Right now, I don't want to the person I will be when I retire.

Thats the best way I can describe the situation, and explain why I'm not spending it all now.

idk seeing as how she moves in real life I think it was accurate 😂

🧿👁️👁️‍🗨️

💜💜💜

👁️‍🗨️👁️🧿

Don’t make me go bonkers doing all the eyes

♾️💜🖤♥️🧡💛💚💙💜🖤💜♾️

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Do what makes you happy. Personally, I have no interest in such an austere retirement. I've been working my whole life, saving, sacrificing, buying bitcoin, etc. When I retire, I'm going to buy all the stuff I always wanted, but couldn't afford. I'm going to travel, and vacation in places I always wanted to go. I'm gonna treat my family to things that would have been impossible before retirement. I'm going live, and experience life, and milk every last ounce of enjoyment out of it before my time up. And when I'm gone, it will be up to my family to figure out how they want handle the fortune I leave them. That is what my retirement will be all about, and I will have no regrets.

Yikes 😳

Yea I believe in using it for something worthy like a home or medical expenses. I always share that with others.

Depending on what you have, you can easily enjoy a comfortable retirement while also leaving a generous inheritance to your family. This is what financial planning is all about; preserving the amount you want to leave behind for the next generation, while allocating enough to fund your retirement.

Oh, there's plenty of Nostr users on iOS, and some good clients over there to be reviewed eventually. But I'll need to be able to justify spending money on an iPhone to my wife somehow.

Even if you have kids, you're not going to want to spend the last chapter of your life struggling to make ends meet. I'm not sure why, but people are acting like cashing out to enjoy your golden years means spending every last sat so that you're at zero when you die. That's ridiculous. You can maintain a hefty inheritance for your family while also living in relative luxury, and enjoying the final chapter. This absolutist thinking is toxic, and absurd. I got no time that.

I just want to walk around with my node in my phone zapping people for saying GM, but IRL.

🐐

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remember that girl from dr.phil ?

No, if you plan to cash out NOW you don't undertaken bitcoin. A point will come in the future where you're ready to retire and enjoy your golden years. That's when you should think about at least partially cashing out so you enjoy the fruits of all your disciplined stacking and saving. There's no point to any of this if you plan to go to your grave with every last sat you've saved over the years.

Would love to! Unfortunately I am one iOS device short of being able to do so.

Looking forward to reviewing NoteDeck when we have a production release, though!