Realizing most people may not entirely understand bitcoin, but they do understand their money doesnโt go so far. Feel free to send this to your friends / family that need it broken down in a manner that makes sense. Want to understand why me and so many are passionate about bitcoin only? Because it fixes this: ๐๐ป
How much of your hard earned money is actually stolen away from you? Hereโs the simple math:
Letโs say youโre an American earning $100k annually. You end up losing 50%+ to the system every year:
Taxes: $30k+ (income, food, shopping, cars, etc).
Inflation: At 9-10%, $10k+ in purchasing power is eroded annually; $100k+ lost after 10 years.
Debt: Average credit card balance of $10k at 23.37% costs $2,337/year; over $23k in 10 years.
Savings/401k: #Inflation guts the value, leaving you with less real purchasing power.
After #taxes and inflation, <$50k/year remains. Hereโs the breakdown:
What You can afford at $100k:
Rent/Mortgage: $1,666.66/month ($20k/year).
Groceries: Average $976.60/month ($11,719/year).
Utilities, Gas, Internet, Streaming, Car, etc.: $1,435/month ($17,220/year).
Total essential expenses: $48,939/year, leaving $1,061/year or $88.42/month for miscellaneous expenses or savings.
EIGHTY EIGHT DOLLARS LEFT!!! ๐ฅด
What is stolen from you over time?
After 5 years: $250k+ lost to taxes, inflation, and interest.
After 10 years: $500k+ gone; half your income, stolen by the system.
Your Life Boat:
Meanwhile, $100 in Bitcoin biweekly grows to $172k in 10 years (20%), or $1.4M at 50% growth.
Fiat is theft. Inflation is robbery.
Bitcoin is freedom. ๐งก
#Bitcoin is your lifeboat.
#nostr #grownostr #plebchain #introductions