A lot of the people I know who were an-cap 10 years ago are millionaires today. At least from my circle. The problem is that the money-printing people are billionaires and it is a game you simply cannot win.
And frankly, these days being a millionaire is not as fancy as it sounds - you can barely get a nice 7-series + a bit above average flat and living off investments/rent would require a very frugal lifestyle.
Can barely buy a 7 series... Frugal lifestyle... Move out of the Bay Area, buy a nice house, get a Tesla model 3 performance, it’s faster and cheaper than the 7 series, and maybe reconsider what’s in your lifestyle that’s so expensive that being a millionaire is barely making it.
"Can't retire. Not worth it to work. Five will drive you un poco loco, my fine feathered friend. The poorest rich person in America. The world's tallest dwarf. The weakest strong man at the circus."
I have never in my life been to SV - I live in Prague. $1mil is 25 million Czech Crowns. A nice 7-series (slower than model 3, but much more comfortable - this is what I care about) is ~4 million. You have 21 left. You buy this flat (https://www.bezrealitky.cz/nemovitosti-byty-domy/649275-nabi..., I won't mention the 3% property-transfer tax out of politeness...) and you're broke. If you're the saving/money-wise type this is your nightmare.
So, you don't quite need to live in SanFran in order to not consider $1,000,000 serious money.
Yes, I could go back to my home town of Sofia, but even there 1 mil won't take me too far (certainly not make me an all-mighty mogul, this is 100x times of capital volume away. and if we're talking about buying journos and influecing public opinion, then - 1000x of capital volume). And to be honest I envy people in urban areas such as Austin (ČR is rated ~150th in the world (between Zimbabwe and Botswana) on granting construction permits) for having a real supply-demand based housing market, where you are not getting brutally punished for wanting to raise a family.
And yes, I currently live off rent, take only gigs I consider meaningful (currently hoping to get in Fidelity IT), but drive an 8-year old 530xi and live in a rented 3-bedroom flat as I expect my BTC to grow in value quicker than real estate (as has been the case in the past 8 years). This is the frugal lifestyle I mean.
> And frankly, these days being a millionaire is not as fancy as it sounds - you can barely get a nice 7-series + a bit above average flat and living off investments/rent would require a very frugal lifestyle.
Oh come on... yes a millionaire lifestyle isn’t a billionaire lifestyle but still.
