This is obviously a hard one to gauge and will vary depending on where you live against the cost of living and the currency value. I find simplifying things makes much more sense and kind of lets you know where you stand in relation to the rest of the population. Crypto is all about giving you a chance of getting ahead financially and being this early is proving to be a game changer for many.
I saw a clip of someone talking about how everyone is struggling in Canada financially living on the edge not knowing if they can pay off their outstanding debts each month. I think this is the same story with every single country around the world because things are generally tough and not easy for the average person. How different it would be if hey were in crypto because I know I do not have those worries and kind of on cruise control with no financial stresses. The difference being I have dollar value in my portfolio which should at some point be life changing.
An average residential property in South Africa costs R2 million or $100K which is how I am going to use as an example to gauge the getting ahead of the masses. Having been involved in crypto for just over 6 years with a 0 investment and the entire portfolio has been organically grown this highlights what is possible.
Today my portfolio is valued somewhere between $90K and $100K so nearly the value of one property that takes the average person 25 years to fully own having payed off a mortgage/bond. In comparison he UK average house price is 290K GBP and the US $420K.
The crypto cycle still has some way too go yet with the accumulation of the portfolio growing continuously through rewards compounding. Possibly there is a chance to add another 40% over the next 12-18 months if you are being consistent.
Where he real difference comes in is when we see the market do a 10 x or more over this end of bull cycle period. This should send my portfolio over the $1 million mark and even with a hope and a prayer much higher. If that is the case then adding on another 18 moths bringing my time in crypto to around 90 months it would have the buying value of 10 homes in South Africa, nearly 4 properties in the UK and 2.5 homes in the US.
his is all within less than 8 years with a 0 investment highlighting what crypto can really do and it delivers far more than those who are watching on the side lines earning FIAT month to month. Crypto is seriously powerful for what it offers and cannot be underestimated when the ATH's are achieved at the end of every cycle.
Sticking to a strategy and plan will eventually pay off and it is a no rags to riches overnight, but less than 8 years is not that long for what is on offer. Someone buying 10 properties in SA would be paying off a combined debt of 250 years or 3000 months compared to crypto achieving this in 90 months.
