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by llcoolv 1950 days ago
I have never in my life been to SV - I live in Prague. $1mil is 25 million Czech Crowns. A nice 7-series (slower than model 3, but much more comfortable - this is what I care about) is ~4 million. You have 21 left. You buy this flat (https://www.bezrealitky.cz/nemovitosti-byty-domy/649275-nabi..., I won't mention the 3% property-transfer tax out of politeness...) and you're broke. If you're the saving/money-wise type this is your nightmare.

So, you don't quite need to live in SanFran in order to not consider $1,000,000 serious money.

Yes, I could go back to my home town of Sofia, but even there 1 mil won't take me too far (certainly not make me an all-mighty mogul, this is 100x times of capital volume away. and if we're talking about buying journos and influecing public opinion, then - 1000x of capital volume). And to be honest I envy people in urban areas such as Austin (ČR is rated ~150th in the world (between Zimbabwe and Botswana) on granting construction permits) for having a real supply-demand based housing market, where you are not getting brutally punished for wanting to raise a family.

And yes, I currently live off rent, take only gigs I consider meaningful (currently hoping to get in Fidelity IT), but drive an 8-year old 530xi and live in a rented 3-bedroom flat as I expect my BTC to grow in value quicker than real estate (as has been the case in the past 8 years). This is the frugal lifestyle I mean.

P.S. Anyway - cheers: https://www.youtube.com/watch?v=RJbgNvP47-0