Do you ever wish you could get up when you wanted, go for a round of golf and never listen to a moron boss ever again. Well this might just be up your street.
Now I know I will receive plenty of negative comments about this but I have done the figures and worked out just 100% increase per year is enough to give you a $30,000 income per year and make you a Millionaire in just 5 years.
Ok, it does sound a bit far-fetched but Bitcoin is up 1400% this year alone so a 100% increase year on year seems very achievable.
So, let’s look at these figures.
Spec
- We need at least 100% increase, year on year. (Very achievable)
- Four bitcoins (Approx $60,000 dollars)
Rules
- At the end of the year if you have seen increases of 100% or more remove 30k for your retirement fund for the upcoming year.
The Sums
Year One:
- Buy Bitcoins 4 x 15k = $60,000
- At the end of the year one you should see at least a 100% increase. This will give you approx $120,000
- At the end of the year remove $30,000 as income for second year.
- This leaves $90,000
Year Two:
- You now have a $90,000 going into year two.
- At the end of the year two you should see at least a 100% increase. This will give you approx $180,000
- At the end of the year remove $30,000 as income for third year.
- This leaves $150,000
Year Third:
- You now have a $150,000 going into year three.
- At the end of the year three you should see at least a 100% increase. This will give you approx $300,000
- At the end of the year remove $30,000 as income for fourth year.
- This leaves $270,000
Year Four:
- You now have a $270,000 going into year four.
- At the end of the year four you should see at least a 100% increase. This will give you approx $540,000
- At the end of the year remove $30,000 as income for fifth year.
- This leaves $510,000
Year Fifth:
- You now have a $510,000 going into year five.
- At the end of the year five you should see at least a 100% increase. This will give you approx $1,020,000
At this point I would personally sell and put in traditional investments and pull in approx. $50 to 80k in interest for the rest of my life.
Obviously, everybody has different needs when it comes to money but I believe I can live out the rest of my life with no worries with this kind of income.
I really believe 100% increase is more than possible and its not too much of a stretch of the imagination to see this happen in potentially 3 years. It could go the other way and drop or stay the same but my experience tells me something different.
And for you lucky investors out there that got your bitcoins at a lower price or have more than four these figures must look pretty exciting.
We’ll let see what happens, I will comment on this post for the next five years on my progress. Good Luck!
