Originally posted by Szef
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Let’s say you won 1 million dollars
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Originally posted by Beercules View PostLol what happened to Bitcoin? I never really understood so Barney style breakdown please.
I was actually late to the game after being a skeptic for years but this year I've made more from crypto than from my real job.
It probably won't last forever/there will be some catastrophic crash in the new few years but it's pretty awesome right now.
I sound like a used car salesman sorry. Even for people who have no idea what they're doing though, I would get in now for the ride up to 20k.
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Pay bills, take the family on a really nice vacation, splurge a little with the family in some material things, invest most of it (yes I would buy more bitcoin and probably dabble with other crypto currencies) and save a portion in the bank.
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I would get rid of all personal debt
I would stick the remainder in an index fund using dollar cost averaging.
I wouldn’t touch it for years and reinvest dividends..
In 30 years it will be worth millions and millions of dollars, and then you can’t stop reinvesting dividends, take a 2.5% yield which would be at least 100k a year, and never have to worry about anything again
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