1,000 x 365 ,000 = 1,000,000 every three years so as long as crypto market doesnt collapse you will die a multimillionaire. You’ll also live broke, but that’s just something you have to accept.
Edit: there are 365 days in a year, not 365,000. My mind went like 1,000 x 365 = 365,000 = a third of a million. Or a million every three years.
Somehow i assumed you were talking about dollars or euros. I have heard of this strategy (dollar cost averaging) by buying the same amount on a frequent basis. But i myself would be inclined to spread the risks too though. Best of luck accumulating that $695 though!
1,000 x 365
,000= 1,000,000 every three years so as long as crypto market doesnt collapse you will die a multimillionaire. You’ll also live broke, but that’s just something you have to accept.Edit: there are 365 days in a year, not 365,000. My mind went like 1,000 x 365 = 365,000 = a third of a million. Or a million every three years.
Something is amiss there. Your years seem about a thousand times too long
Yes oops
Jesus, just take the 5% on the million and be happy lol.
I’ve reviewed my budget and decided this is do-able. 1,000 rials a day till I die.
If I live for 40 years more, and it doubles in value, I’ll have $695 when I die!
Somehow i assumed you were talking about dollars or euros. I have heard of this strategy (dollar cost averaging) by buying the same amount on a frequent basis. But i myself would be inclined to spread the risks too though. Best of luck accumulating that $695 though!
Oh no I was talking about U.S. dollars, then I had to fix it to fit my budget of rice and beans haha