This may sound like a simple question, but believe me, people have given me some wild answers. I'm eager to hear what stackers would do. To be absolutely clear, I'd be done working and wouldn't even consider investing.
Yes50.0%
No50.0%
18 votes
It would give me definitely peace of mind. However, I wouldn’t stop working as I love my job and what I am doing.
reply
There's no win for devalued assets as more of it can be won by someone else
reply
11 sats \ 0 replies \ @Taurus 7 Sep
I would say above 5M I’ld reduce my time working to 1/10 if possible. Less than 5M I’ld definitely continue working
reply
1 M€ is not enough money to stop working, given inflation, in 2024. You would be lucky to get a decade off that -- probably less.
Realistically, you would need >10M or more (euros, dollars, etc) to consider not working anymore.
reply
hell yeah, I would rather have all the time to go all-in on hobbies instead. some hobbies could still bring value and even be a career but at least no pressure to monetize it, just chill and do your best.
reply
21 sats \ 0 replies \ @drlh 6 Sep
If with buying bitcoin perhaps, but on plain euro no.. The value of euro's gonna get to the same level as the soviet union ruble on the same principles. My grandpa lost so many monis by storing them in the post after the dissolution of ussr. Same with soviet obligations.
Also I remember the lifestyle of the author of "Welcome to the N.H.K.". He have had enough monis from selling his nouvel to live the NEET degroid lifestyle. Now I don't know how he lives though..
reply
I would retire, have kids, and have my own farm.
reply
11 sats \ 0 replies \ @suraz 6 Sep
Yes and will go on adventure. 😁
reply
21 sats \ 2 replies \ @398ja 6 Sep
Hell NO! Man's purpose is to work and ability to produce value. Have you heard of the lottery curse?
reply
For value to exist, there must be both producers and consumers 🤠 I've never heard of that "lottery curse" thing.
reply
44 sats \ 0 replies \ @398ja 6 Sep
I wrote produce, but meant provide, but it's all the same anyway...
For value to exist, there must be both producers and consumers 🤠
Agree, yes, and this is almost always the case, don't you think?
My point was that If you can afford not to work because you've won the lottery, then you are just consuming what someone else has produced, and not producing anything in return. This is not sustainable on the long run, hence the lottery curse reference: Most people who win the lottery are bankrupt after a few years. I don't remember the exact percentage, but it's shockingly high.
reply