Lewis Jackson Teaches Crypto, a YouTube channel with more than 89,000 subscribers, made a video to explain how much Ripple’s XRP holders will need to retire.
Based on the video, the amount is surprisingly low. Retirement and financial freedom mean different things to different people. It could mean doing nothing, only doing what you love, or starting a business.
Financial freedom is more about having all bills paid, family happiness, and not being polluted by money. For most, a good life might cost a maximum of $10,000 a month.
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Calculating XRP Needed for Retirement
The creator emphasizes calculating the exact amount needed to maintain a comfortable lifestyle. A suggestion is made that for many, a million dollars might be sufficient.
The video discusses the debate within the XRP community about whether to sell or hold. The importance of a balanced approach: holding some XRP for long-term gains and selling some for short-term profits.
Selling some Ripple’s XRP doesn’t mean being anti-XRP; it’s about enjoying life while waiting for XRP to appreciate.
Potential XRP Prices and Needed Amounts
The crypto analyst believes that having around 10,000 XRP could potentially provide a comfortable retirement. He emphasizes living life now while planning for the future, rather than waiting for extreme price increases.
The idea is that 10,000 XRP is more than enough to meet the financial goals of most people aiming for a comfortable retirement.
- At $100 per XRP: 10,000 XRP would make a million dollars. With this million, a 10% yearly yield could generate $100,000 annually forever.
- At $1,000 per XRP: Only 1,000 XRP would be needed for a million dollars.
- At $10,000 per XRP: Only 100 XRP would be needed for a million dollars.
Practical Advice
The video argues for the practicality of selling some XRP as prices rise to secure financial stability in the short term.
It discusses the law of diminishing returns, suggesting that holding excessively might not improve life significantly.
The speaker also advocates for taking advantage of XRP’s price increases to better one’s current life rather than waiting indefinitely.
The creator also reflects on the personal decision to take profits and not wait indefinitely for higher price points.
Points out that most XRP holders have more than enough XRP to achieve financial freedom if XRP reaches high price points.
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