1 00:00:00,160 --> 00:00:02,440 How much Bitcoin do you need to retire? 2 00:00:02,440 --> 00:00:04,360 How much? Bitcoin, do you truly need to 3 00:00:04,360 --> 00:00:08,160 retire? Do you need one Bitcoin .1 4 00:00:08,160 --> 00:00:13,720 Bitcoin .01 Bitcoin .0001 Bitcoin? 5 00:00:13,760 --> 00:00:17,120 What if I told you that no such magic number exists, and that 6 00:00:17,120 --> 00:00:19,520 you may want to avoid this mindset altogether? 7 00:00:19,680 --> 00:00:23,120 It it depends on how long you can hold it, but I think it'll 8 00:00:23,120 --> 00:00:25,480 have infinite purchasing power eventually. 9 00:00:25,600 --> 00:00:28,080 Stick around to the end of this video and you may just change 10 00:00:28,080 --> 00:00:29,960 your tune about retirement altogether. 11 00:00:30,160 --> 00:00:32,600 I emotions. This is beyond Bitcoin, truly 12 00:00:32,600 --> 00:00:34,280 beyond Bitcoin. Let's dive in. 13 00:00:39,360 --> 00:00:42,520 We're all after the same thing, an easier, more thoughtful life 14 00:00:42,800 --> 00:00:45,920 that allows us the freedom to do what we want, when we want. 15 00:00:46,120 --> 00:00:49,280 The desire to retire has never been stronger with the influx of 16 00:00:49,400 --> 00:00:52,800 the boomer generation and Gen. X reaching retirement ages, it 17 00:00:52,800 --> 00:00:55,160 has the rest of us thinking when is our time. 18 00:00:55,360 --> 00:00:58,520 But with the current economic landscape, rise in the cost of 19 00:00:58,520 --> 00:01:02,160 living in all kinds of economic uncertainties, many of us are 20 00:01:02,160 --> 00:01:04,959 understanding more and more that retirement will be out of reach 21 00:01:05,280 --> 00:01:07,520 for good. But here's some good news for 22 00:01:07,520 --> 00:01:09,360 those of you who are holding Bitcoin. 23 00:01:09,520 --> 00:01:12,040 Traditionally, when we think about retirement, we're thinking 24 00:01:12,040 --> 00:01:14,760 passive income, lake house, property, fishing. 25 00:01:15,400 --> 00:01:17,480 But there's a couple of problems with this approach. 26 00:01:17,680 --> 00:01:21,160 Number one, on average, what happens to the health of those 27 00:01:21,160 --> 00:01:23,600 who retire? And more importantly #2 what 28 00:01:23,600 --> 00:01:26,400 happens when your retirement plan doesn't compensate for the 29 00:01:26,400 --> 00:01:29,560 rate of inflation? This makes me think of all kinds 30 00:01:29,560 --> 00:01:32,040 of questions. One important one is, if the 31 00:01:32,040 --> 00:01:35,040 currency is getting debased at such a rapid rate, should we 32 00:01:35,040 --> 00:01:37,320 really be looking to retire at all? 33 00:01:37,440 --> 00:01:38,960 You do know we're getting debased, right? 34 00:01:39,000 --> 00:01:41,040 Trump wants to cut rates. Are there. 35 00:01:41,960 --> 00:01:43,600 Things. Are there things the chairman 36 00:01:43,600 --> 00:01:46,280 can say to you today that would make you back off some of the 37 00:01:46,360 --> 00:01:48,920 earlier criticism? Well, I'd love him to lower 38 00:01:48,920 --> 00:01:52,200 interest rates. Other than that, what can I tell 39 00:01:52,200 --> 00:01:53,520 you? Our country's going to make a 40 00:01:53,520 --> 00:01:55,520 lot of money. We would be helped if interest 41 00:01:55,520 --> 00:01:58,560 rates would come down, but we're going to see how the board rules 42 00:01:58,600 --> 00:02:00,560 on that soon. I I'd love to see them come down 43 00:02:00,560 --> 00:02:00,920 a. Lot. 44 00:02:01,200 --> 00:02:03,280 Doesn't that mean like money printing or something? 45 00:02:03,480 --> 00:02:04,720 I mean, this is a serious question. 46 00:02:04,800 --> 00:02:09,039 What do you think, Michael? You know, if we take, for 47 00:02:09,039 --> 00:02:13,720 example, during the pandemic, the the response of the 48 00:02:13,720 --> 00:02:18,880 political apparatus was to lower interest rates to zero and to 49 00:02:18,880 --> 00:02:22,480 start start buying assets, in essence printing money. 50 00:02:23,040 --> 00:02:25,440 And the defense was there's no inflation. 51 00:02:25,760 --> 00:02:31,080 Yeah, but of course you had one part of the economy where it was 52 00:02:31,080 --> 00:02:34,440 locked down, so it was illegal to buy anything. 53 00:02:35,040 --> 00:02:38,200 But you couldn't, you know, it was either illegal or it was 54 00:02:38,360 --> 00:02:41,640 impractical. So it would be impossible for 55 00:02:41,640 --> 00:02:43,520 demand to manifest. So of course there is no 56 00:02:43,520 --> 00:02:46,760 inflation. On the other hand, there was 57 00:02:46,760 --> 00:02:50,840 instantaneous immediate inflation in another part of the 58 00:02:50,840 --> 00:02:54,440 economy. For example, you lower the 59 00:02:54,440 --> 00:02:58,680 interest rates to 0. At one point we saw the the swap 60 00:02:58,680 --> 00:03:01,720 rate on a 30 year note go to 72 basis points. 61 00:03:02,800 --> 00:03:05,240 OK. That means that the value of a 62 00:03:05,240 --> 00:03:07,920 long dated bond immediately inflate. 63 00:03:07,920 --> 00:03:13,000 So the bond market had hyperinflation within minutes of 64 00:03:13,000 --> 00:03:17,200 these financial decisions. The asset market had 65 00:03:17,200 --> 00:03:20,960 hyperinflation. We had what you call AK shaped 66 00:03:20,960 --> 00:03:24,200 recovery, what we affectionately call a shake K shaped recovery. 67 00:03:24,520 --> 00:03:28,040 Main Street shut down, Wall Street recovered all within six 68 00:03:28,040 --> 00:03:31,280 weeks. The inflation was in the assets 69 00:03:31,680 --> 00:03:34,040 like in the stocks and the bonds. 70 00:03:35,560 --> 00:03:40,080 You know, if you look today, you see that typical house according 71 00:03:40,080 --> 00:03:44,440 to Case Shiller index today is up 19.2% year over year. 72 00:03:45,120 --> 00:03:49,680 So if you're a first time home buyer, the inflation rate is 73 00:03:49,680 --> 00:03:52,720 19%. So retirement sounds like the 74 00:03:52,720 --> 00:03:55,040 dream that we've all been waiting for, the freedom to 75 00:03:55,040 --> 00:03:56,960 relax, the freedom to do what you want. 76 00:03:57,000 --> 00:04:00,560 But if your monthly stipend is the same and cost of living is 77 00:04:00,560 --> 00:04:03,080 increasing, what will your retirement look like 78 00:04:03,080 --> 00:04:05,400 incrementally? Anyone got a chart on that? 79 00:04:05,760 --> 00:04:09,080 Retirement is fine, but do you have a survival plan? 80 00:04:09,480 --> 00:04:12,120 These past few years have been crazy for natural disasters, 81 00:04:12,120 --> 00:04:14,600 solar flares, and power grid failures. 82 00:04:14,720 --> 00:04:16,720 I bet you want to be prepared for all that right? 83 00:04:16,720 --> 00:04:18,399 When your lines of communication are cut by 84 00:04:18,399 --> 00:04:23,440 traditionalmeanssat123.com. Is there SAT 123.com offers a 85 00:04:23,440 --> 00:04:27,160 variety of satellite phones, Faraday bags and power solutions 86 00:04:27,400 --> 00:04:31,040 for those times of crisis so you can reach your loved ones or 87 00:04:31,040 --> 00:04:33,000 local agencies in a time of need. 88 00:04:33,360 --> 00:04:37,520 Go to sat123.com and use the promo code simply for 15% off 89 00:04:37,520 --> 00:04:40,320 your purchase. 15% Wow, that's pretty good. 90 00:04:40,760 --> 00:04:44,720 Disaster comes at you fast, but with sat123.com you will be 91 00:04:44,720 --> 00:04:46,680 prepared. Now I want to go back to another 92 00:04:46,680 --> 00:04:49,040 question. What happens to your health on 93 00:04:49,040 --> 00:04:52,400 average when you retire? Today I would like to talk to 94 00:04:52,400 --> 00:04:56,760 you about how under certain circumstances, retirement could 95 00:04:57,040 --> 00:04:59,080 speed speed up aging of our brain. 96 00:04:59,480 --> 00:05:03,160 It would make us slower and more forgetful, and ultimately it 97 00:05:03,160 --> 00:05:05,320 could increase our risk of Alzheimer's disease. 98 00:05:06,760 --> 00:05:10,760 This study, called the Path Through Life project, started in 99 00:05:10,760 --> 00:05:13,760 about 2001. Since then, the participants 100 00:05:13,760 --> 00:05:15,720 have been contacted every four years. 101 00:05:16,000 --> 00:05:18,840 And today I'll show you data that's been all the way through 102 00:05:18,840 --> 00:05:22,560 the 4th data collection that occurred in about 2015, when the 103 00:05:22,560 --> 00:05:25,880 oldest participants were around 77 years old. 104 00:05:28,400 --> 00:05:31,120 I mentioned earlier that retirement could be a trap. 105 00:05:32,360 --> 00:05:35,480 To show you what I mean, I want to use changes in memory 106 00:05:35,480 --> 00:05:38,000 performance or in our ability to remember things. 107 00:05:38,400 --> 00:05:43,120 As an example, to test memory, the participants were asked to 108 00:05:43,120 --> 00:05:45,680 repeat back words that were just read to them. 109 00:05:45,680 --> 00:05:47,840 They were supposed to repeat as many as they could. 110 00:05:49,640 --> 00:05:52,680 The words were sort of random and from unrelated categories 111 00:05:52,680 --> 00:05:56,400 like tools, fruit, kitchen utensils. 112 00:05:56,840 --> 00:05:58,520 So the task was quite challenging. 113 00:05:59,320 --> 00:06:02,920 If you look at the slide behind me, the horizontal line at the 114 00:06:02,920 --> 00:06:06,000 bottom shows you ages of the participants across this 115 00:06:06,000 --> 00:06:09,560 longitudinal study. And the vertical line on your 116 00:06:09,560 --> 00:06:12,800 left tells you how many words people actually recalled. 117 00:06:13,280 --> 00:06:17,520 And here are the results. What you see that at the 118 00:06:17,520 --> 00:06:20,680 beginning of the study, these participants were most likely to 119 00:06:20,680 --> 00:06:25,440 recall close to 8 words. Later on, about 12 years later 120 00:06:25,440 --> 00:06:31,160 in fact, they were more likely to recall closer to 6 words, and 121 00:06:31,160 --> 00:06:33,320 this is quite normal and not bad. 122 00:06:34,560 --> 00:06:38,360 Now the story gets more interesting when we separate 123 00:06:38,360 --> 00:06:41,960 scores obtained when people were still working from scores 124 00:06:41,960 --> 00:06:44,320 obtained when people were already retired. 125 00:06:47,360 --> 00:06:51,960 What you see is that the decline in memory was almost exclusively 126 00:06:51,960 --> 00:06:55,080 restricted to the scores obtained when people were 127 00:06:55,080 --> 00:06:59,160 already retired, whereas those who continue to work showed a 128 00:06:59,160 --> 00:07:03,280 pretty stable performance. Something seems to happen around 129 00:07:03,280 --> 00:07:06,440 the time of retirement that could make people more 130 00:07:06,440 --> 00:07:08,880 forgetful. Let's look at this from a 131 00:07:08,880 --> 00:07:13,240 slightly different perspective. OK, Let's say that we're all 132 00:07:13,240 --> 00:07:15,680 members of the same bank, all of us here. 133 00:07:16,360 --> 00:07:20,000 Let's call it the the Bank of TEDx, OK? 134 00:07:20,160 --> 00:07:24,680 And we each get $14140 every day. 135 00:07:25,160 --> 00:07:28,520 Not for anything we actually do. We just get the money deposited 136 00:07:28,520 --> 00:07:30,920 into our account and we can do anything we want with it. 137 00:07:31,680 --> 00:07:36,360 Just imagine the possibilities. But every night, whatever we 138 00:07:36,360 --> 00:07:39,600 don't spend or invest into something disappears. 139 00:07:40,560 --> 00:07:45,680 But the next day, voila, a brand new deposit of $14140 again 140 00:07:45,680 --> 00:07:48,560 appears in our bank account. So we can have some fun. 141 00:07:50,800 --> 00:07:53,480 Well, as some of you may have already figured out, I'm talking 142 00:07:53,480 --> 00:07:58,800 about the 14140 minutes that we get in every day. 143 00:07:59,320 --> 00:08:03,520 It's a gift. When we work, we devote some 500 144 00:08:03,520 --> 00:08:05,680 of these minutes every working day to work. 145 00:08:06,280 --> 00:08:07,800 When we retire, well, guess what? 146 00:08:08,040 --> 00:08:11,640 We even get to keep these extra 500 minutes instead. 147 00:08:12,360 --> 00:08:15,400 Nice, right? Well, maybe not. 148 00:08:17,760 --> 00:08:24,280 It seems like when people enter into retirement, sometimes they 149 00:08:24,280 --> 00:08:28,680 become tempted not to invest enough of their time into things 150 00:08:28,680 --> 00:08:34,760 that are challenging. They sort of drift into a 151 00:08:35,000 --> 00:08:39,640 permanent vacation, and as they go on this really long vacation, 152 00:08:40,080 --> 00:08:44,240 guess what? They fall into the retirement 153 00:08:44,240 --> 00:08:46,520 trap. Research suggests retirement may 154 00:08:46,520 --> 00:08:49,600 increase risks like with depression and cognitive 155 00:08:49,720 --> 00:08:51,760 decline. It seems likely that staying 156 00:08:51,760 --> 00:08:54,800 active and purposeful can mitigate these health drawbacks. 157 00:08:55,000 --> 00:08:57,760 But the evidence leans towards retirement posing challenges 158 00:08:57,760 --> 00:09:01,400 like social isolation and reduce mental stimulation. 159 00:09:01,560 --> 00:09:04,760 The current economic landscape of the S&P 500 at record highs 160 00:09:04,760 --> 00:09:08,920 and Bitcoin at $120,000 might encourage retirement for those 161 00:09:08,920 --> 00:09:12,560 with strong portfolios. But inflation is at 2.7% on 162 00:09:12,560 --> 00:09:14,960 paper, and lower knows how much it is in reality. 163 00:09:15,120 --> 00:09:16,880 Let's say you come up with a number to retire. 164 00:09:16,880 --> 00:09:20,320 You put all of your calculations inside of some sort of retiring 165 00:09:20,320 --> 00:09:22,600 calculator and you come up with a number. 166 00:09:23,160 --> 00:09:24,600 And let's say you achieved that number. 167 00:09:25,120 --> 00:09:28,160 Problem is, do you know what the economic landscape will be when 168 00:09:28,160 --> 00:09:29,360 you do? No way. 169 00:09:29,440 --> 00:09:31,520 Here's some figures to think about while you're considering 170 00:09:31,560 --> 00:09:34,520 retirement now in your 30s and 40s. 171 00:09:34,520 --> 00:09:38,120 This chart estimates costs of healthcare over time for 172 00:09:38,120 --> 00:09:43,080 retirees from 2002 to 2018. This is before the big print. 173 00:09:43,080 --> 00:09:48,520 In 20/20/2002 had $160,000 estimated for health costs for 174 00:09:48,520 --> 00:09:54,560 retirees, and in 2018 $280,000. That's a 75% increase. 175 00:09:54,760 --> 00:09:58,280 Not only is this metric rising 75%, but that's not compensating 176 00:09:58,280 --> 00:10:02,000 for the fact that cost of living itself has gone up dramatically. 177 00:10:02,240 --> 00:10:05,680 Groceries, automobiles, vacations, all of these things 178 00:10:05,680 --> 00:10:07,680 are costing more money as time goes on. 179 00:10:07,880 --> 00:10:09,920 Here's another chart from Business Insider that I thought 180 00:10:09,920 --> 00:10:12,400 was a little funny. This chart shows that how much 181 00:10:12,400 --> 00:10:15,880 in millions you'll need to retire based on the desired 182 00:10:15,880 --> 00:10:18,320 salary you want to earn annually, and this estimates at 183 00:10:18,320 --> 00:10:21,480 a 4% withdrawal rate every year. You're supposed to be 184 00:10:21,480 --> 00:10:25,800 withdrawing 4% of that Piggy Bank of income that you have, 185 00:10:25,800 --> 00:10:29,840 but the inflation rate is already at 2.7% on paper and we 186 00:10:29,840 --> 00:10:31,880 don't know what it is in reality. 187 00:10:31,920 --> 00:10:35,760 In fact, inflation probably is calculated a lot closer to what 188 00:10:35,760 --> 00:10:39,480 your personal situation is and where you live and the cost of 189 00:10:39,480 --> 00:10:43,600 goods in your local area. This chart already shows you 190 00:10:44,000 --> 00:10:49,320 that if you want to earn 100 KA year, you'll need $2.5 million 191 00:10:49,320 --> 00:10:53,000 to save. Or if your desired income is 250 192 00:10:53,040 --> 00:10:56,480 KA here, you'll need to save $6.25 million. 193 00:10:56,760 --> 00:11:00,280 Now, that's in today's prices. What's funny about that is that 194 00:11:00,400 --> 00:11:02,920 what happens when the inflation rate goes up? 195 00:11:02,920 --> 00:11:05,480 What happens to that $6.25 million? 196 00:11:05,480 --> 00:11:11,560 Does $250,000 mean the same now as it does in five years? 197 00:11:11,760 --> 00:11:15,480 My guess is no. So we can see that the big 198 00:11:15,480 --> 00:11:18,160 problem here with the traditional way of thinking 199 00:11:18,160 --> 00:11:21,600 about retirement and even Bitcoin retirement calculators 200 00:11:21,760 --> 00:11:26,200 is that none of these models can factor in the uncertainties of 201 00:11:26,200 --> 00:11:28,400 existence. And man, do we have a lot of 202 00:11:28,400 --> 00:11:30,840 uncertainties. These can be internal and 203 00:11:30,840 --> 00:11:32,600 external. What do I mean by this? 204 00:11:32,920 --> 00:11:35,240 You're sitting here with your retirement calculator trying to 205 00:11:35,240 --> 00:11:38,520 fix your mind on a particular number based on this particular 206 00:11:38,520 --> 00:11:41,320 situation at this moment in time. 207 00:11:41,480 --> 00:11:44,240 So you do everything you can to achieve this golden number 208 00:11:44,240 --> 00:11:47,200 you've come up with. You take extra shifts, you cut 209 00:11:47,200 --> 00:11:50,200 spending, and you make a series of choices based on the 210 00:11:50,200 --> 00:11:53,960 assumption of constants. Then the unthinkable happens. 211 00:11:54,040 --> 00:11:58,000 A lost job, an added monthly expense, a giant medical bill. 212 00:11:58,120 --> 00:12:01,480 The list goes on and on. Of unfortunate circumstances 213 00:12:01,480 --> 00:12:03,480 that could upend your retirement plans. 214 00:12:03,680 --> 00:12:06,840 Also, the inverse is true. Say you get a better paying 215 00:12:06,840 --> 00:12:10,560 position, or a hefty bonus, or a massive inheritance from an 216 00:12:10,560 --> 00:12:13,400 unknown auntie. Suddenly you're stacking and 217 00:12:13,400 --> 00:12:16,600 retirement goals shift and you start thinking about not just 218 00:12:16,600 --> 00:12:19,040 your own future, but the future of those around you. 219 00:12:19,200 --> 00:12:22,240 The point is that whatever economic position you are in, it 220 00:12:22,240 --> 00:12:24,520 is subject to change, for better or for worse. 221 00:12:24,840 --> 00:12:27,880 So really, the question about how much Bitcoin is needed to 222 00:12:27,880 --> 00:12:31,800 retire and at what age might be the wrong question entirely. 223 00:12:32,080 --> 00:12:34,840 Instead, I would encourage you to take a far more flexible 224 00:12:34,840 --> 00:12:37,040 approach. Every day is a Bitcoin stacking 225 00:12:37,040 --> 00:12:39,880 opportunity and based on the fundamentals that we all know, 226 00:12:39,960 --> 00:12:42,400 Bitcoin will continue to rise against the dollar. 227 00:12:42,520 --> 00:12:43,920 I don't think we were meant to retire. 228 00:12:44,080 --> 00:12:47,280 What happens to a car when it retires on the front lawn? 229 00:12:47,520 --> 00:12:49,720 Same thing that happens to you when you retire. 230 00:12:49,880 --> 00:12:53,560 Atrophy and entropy. So instead I would say stack 231 00:12:53,560 --> 00:12:55,560 often but not at the expense of your life. 232 00:12:55,560 --> 00:12:57,480 There is no magic number out there and the future is 233 00:12:57,480 --> 00:12:59,400 uncertain. Thank you so much for watching. 234 00:12:59,400 --> 00:13:02,600 But real quick, with SAS mining.com you don't have to 235 00:13:02,600 --> 00:13:04,880 wire up a warehouse or babysit humming rigs. 236 00:13:04,960 --> 00:13:08,440 No, they place your ASIC on renewable powered farms, handle 237 00:13:08,440 --> 00:13:11,320 the maintenance and stream the SAS straight to your wallet. 238 00:13:11,960 --> 00:13:13,920 So you're stacking and not stressing. 239 00:13:14,360 --> 00:13:16,360 Think of it as a set in, forget it DCA. 240 00:13:16,480 --> 00:13:19,640 Every block adds a little bit more sound money that you earn 241 00:13:19,800 --> 00:13:22,120 and not bought. If you believe in sovereignty, 242 00:13:22,120 --> 00:13:24,520 SaaS mining turns that belief into hash rate. 243 00:13:24,880 --> 00:13:26,680 Claim your plot on Bitcoin island. 244 00:13:26,680 --> 00:13:29,920 Go to saasmining.com and book a call with one of their expert 245 00:13:29,920 --> 00:13:32,720 team members today so you can start mining immediately. 246 00:13:33,160 --> 00:13:34,520 Guys, thank you so much for watching. 247 00:13:34,520 --> 00:13:36,680 If you like this content you want to see more, make sure you 248 00:13:36,680 --> 00:13:39,640 drop a like at the bottom or you can subscribe to the simply 249 00:13:39,640 --> 00:13:41,720 Bitcoin channel for more content like this. 250 00:13:41,720 --> 00:13:43,400 We're coming out with it every single day of the week. 251 00:13:43,560 --> 00:13:46,280 Also don't forget to hit that notification bell emotions. 252 00:13:46,280 --> 00:13:48,360 This would be on Bitcoin. Until next time.