Most of my family is extremely wealthy, and they all live like that. Comfortable, low key. My uncle drove a 20 year old pickup. If my Mom saw me in a Ferrari, she would probably ask if I would like to just give her money? At least she would put it to work.
.006% of the population owns XRP. Only 10% of those hold 5k or more. Only 5% hold 10k or more. So I would say at minimum hold 5k but with 10k you are in great shape. I'm at 13k and still buying. The key is to hold and ignore the BS
I believe in XRP and I own a lot. But let's face reality... Almost any other coin has outperformed XRP in multiple occasions these past years. If I have bought ADA the past bull market or SOL just a year ago, instead of XRP, non I would already have millions. I do believe it con go to 20$ this next bull run though
@@v8lovers990 more than likely hold it forever because none of this XRP hope is turning out to be true, the company is mired in endless lawfare, the promised adaptation never comes beyond tests, the total available coins is a ridiculously high number to maintain it's value in a launching phase and the company constantly dumps from escrow onto the market to pad their pockets rather than drive the price up which would prompt further actual utilization. I'd love to be proven wrong, but I wouldn't buy into any of this promo nonsense, these guys are making good money selling ice cubes to eskimos.
No one seems to be looking for a simple unencumbered life. No car, no house, no stuff, just your freedom to travel and to lead a simple life anywhere you choose. I had all that stuff and gave it up. Trust me when i tell you, the simpler the better. Under those circumstances how much do you think you really need?
Best response I've seen to this potential wealth creation. Most people seem to want "freedom to have". Your comment suggests you want "freedom to be". Seems like a good choice to me.
@@davidcoventry2237 been doing it for 14 years, best choice i ever made. I get up when i want, go to bed when i want, go where and when i want. Live in paradise in the tropics, in a country with some of the most beautiful women in the world. Topping up the finances is just the cherry on the cake and it won’t change anything i already have, or don’t have as the case may be.
@@sertaliozer1exactly, but sad to say majority of people don't know how to invest their money, most of them they want to buy things the main purpose is to empress people that they don't like..for information to all, People's don't care what you own.
Bitcoin has only 21-million coins . Equivalent price for XRP is around $18 in market cap. Simple math. In other words, every trillion in valuation of XRP, is $18. Unfortunately, many are too uneducated to understand. Another reason all people should not vote.
I think you would be surprised. Nothing like this has happened before and it’s not about the tokens it’s about their use case. Many coins have actual use cases and the monitory system is going to change that’s a given not just an assumption. Ripple have been positioning themselves for the last ten years to be as close to the top pick as they can be to run the rails of the new monitory system. If you take into account all the set backs they have had in that time and acknowledge just how close they are now you will be able to comprehend the vast amount of money and hard work they have invested in the new monitory system. Some people on here you may be able to class as deluded but Ripple is another matter altogether. They are far from fools and know a dam sight more about what lies ahead than anyone of us including influencers as they have first hand knowledge of what’s coming but when something new is happening everyone plays their cards close to their chest. There is a ton of hopeful competitors out there too and they would love to get a heads up from companies like Ripple. Someone with just 100 XRP could be very well positioned if they have faith enough to hold for a few years that may definitely be life changing for them and you shouldn’t discourage it. I hold almost 60,000 and I have faith to hold it and I’m not rich so it’s no drop in the ocean for me. I have done my research too and unless something terrible and unforeseen happens XRP will find it hard to fail to make millionaires. Look at Bitcoin . It is not suitable to be used in the same wayXRP is. XRP was developed to correct flaws that Bitcoin has. It’s cost to the environment for one. Bitcoin is a store of value coin. A place to put money that is not centralised like a bank and it’s very likely to be much better off there than in any bank. Bitcoin will rise because people believe in it for this reason. In my opinion, thats bitcoins role in the future, a store of value like buying gold or silver but to be honest. I’d rather hold gold or silver. Because Bitcoin relies on people continuing to see it as a store of value. I have a small amount of bit coin and Eth. If the lawsuit against Ripple had not happened, I would not be in XRP now because like many others could not have afforded it. So I consider myself blessed. And I will continue bless myself until I can afford it anymore at which time I’ll have set my family up for their future and the profits I’m taking will give me a good life meantime. Please don’t discourage people for wanting to improve their lives as best they can. People call this a once in a lifetime moment for a reason, because it is. If any of you has doubt in holding onto XRP don’t say, well she has 60,000 it must be good, just ask yourself why people like Raoul Pal are holding millions of XRP!
If you HODL until' FULL utility is in play, then I think 10,000 XRP is sufficient. If you are looking to to cash out long before then, you will likely need 100,000 XRP or more.
Just my opinion, but I don't think you will need 10k. Most can't even afford in one go. They do DCA, but most don't hold 2k let alone 5k. It boils down to what you want to accomplish. Even at 10k in the short term you can make profit. We have to remember that payment market isn't ripple focus anymore. They are looking towards nft and other avenues. This tells me that while they are doing work to improve their payment services they are also looking to expand in other developing areas as well. Just do your research and learn/ know what your investing in to.
Gotta wait for global tokenization then xrp will skyrocket should be worth more than overhyped slow and high fees then bitcoin also bitcoin has no utility like xrp
Do you understand how much of a market cap that would take? Not going to happen there are too many projects that are similar XLM XRP ALGO HBAR SHX. So they will never have a MC like that. This bull run I can see 4-5 bucks max for XRP. XLM 2-5 dollars. Algo 3-5 HBAR 2-5. So if your looking for big gains go with the others. BTW my SHX is up 900% for me already. That is XRP XLM form 2014. So look into that monster
Exactly Kind if the basic idea I'm going with I have different list for different prices I may be working with depending on price I got plans on plan on plans but yours is kind of the very least what I would like
@@ItsNotMeItsYou007this dude held that assets but he didn't really understand the functionality and the utility of the asset he has bought. So NAIVE 😅
This video invokes a lot of thoughts on my part, but mostly anyone who keeps asking the question "How many XRP do I need" just doesn't get it and are probably not seriously into their finances or crypto for that matter. XRP, Solano, Bitcoin or any of the 4000 other coins are exactly the same. How much money do you want? What is the price you are selling at? That is the amount of any coin you need. That is my first thought. My second thought is anyone who wants a jet isn't really serious about finance either, because they have absolutely no idea what something like that takes to buy, maintain, and keep organized. If I had 200 Million I wouldn't have a jet. They are just stuck in the Instagram world. Sad really. As you said, everyone needs to make a plan. What will make each specific person happy and then see what actually needs to happen. If they need a million dollars and have $10,000, then investing in Bitcoin doesn't really make sense. They need a 100X coin and not a 3X coin. If people cannot understand that then they should just put their money into the S&P or other ETF. They will be much better off in the long run. We do not need everybody to be rich, or nobody will be left to build and manufacture things that are needed.
Xrp is way better then bitcoin and ethereum eth and btc wont be used in the new financial system bitcoin is slow and bad 4 environment also and has high fees
While in theory I agree with some of your thoughts....... to say someone who wants a "jet" isn't really serious about finance is ridiculous. The same could be said for any large houses (estates), supercars, etc etc etc. I have been in this space for a long time in comparison to most and I think its up to each individual to determine what they want as a result of an ROI on their investments. It's the individual's preference as to what they want and just because you disagree with said purchases..... doesn't mean the purchases are wrong but simply not your personal choice. At current (last I read), there are about 4% of the world investing in digital assets and of those like 1% of those 4% is investing in XRP. My numbers may be off but I am only trying to make the point that EVERYONE isn't getting rich in the world and there will still be plenty of workers. As far as your statement about the S&P and ETF's- based on statistical data I don't think someone with limited assets should even bother as the top and bottom on both determined by whales and unfortunately far too many retail investors are wiped out those two arenas. The old adage that the best investors become wealthy on the purchase of the assets rather than the sale of the assets is probably a true statement especially when speaking of digital assets and for the faint of heart people who accumulate and HODL. As always I completely respect your opinion and definitely agree that everyone MUST have a exit strategy for anything they invest and that strategy is as important as the initial purchase. Best of luck on all your endeavors.
Why the fook are you ppl showing your hand?! It's absurd to be telling a chat full of random strangers how much crypto you have!? Have an open discussion about how much you feel would be a good number and stop flexing your bags...
the answer is not that difficult it just depends on your final outcome. 1. how much would money you want, 2. when do you want it (ASAP or dont mind waiting a year or 2 or somewhere in between), 3. what price do you think XRP can get to. What we do know is its not gonna go to $10,000 next week nor is it gonna stay at $0.53 for the next 2 years but somewhere in between
It's very unpredictable, there is actually no timeline that can be given, XRP can shoot up tomorrow or next week or month etc. You talking the truth. The thing I believe is to look at US economy, once the US economy tanks XRP will surge astronomically. Because no matter what people say, I know for fact from research that the banks are heavily involved with XRP behind the scenes. That's why I think an XRP surge will be linked to a US economy downturn or crash. The banks won't ever take a fall.
I used to have 35,000 but I was being scammed and lost that last year. Now I have only 15,200 and €31,171 in my Uphold account, waiting for the dip to buy more. I hope I will have at least 100,000 in the near future 🙏🏻
Get that OUT of Uphold and into a cold storage wallet. Uphold may be one of the safest exchanges, but it is still an exchange and you know what they say. As long as its on the exchange, it is their crypto, not yours.
@@marryan2872 XRP is first. It would be crazy to trade his XRP for Bitcoin unless he has some sort of trading plan to get more XRP. Utility, utility, utility! Bitcoin has none. Bitcoin is temporary.
@@marryan2872we have a different perspective and conviction of our investment. You can say that this time because the BTC is pumping, but even the price of BTC hits to $120k and the XRP is $2 the biggest ROI is XRP do your math dude.
What is your retirement date? I'm 50, 8 have other investments but I don't have 30 years to wait for growth. So initial investment to retire sooner than later. Lots of variables
As someone who has a bachelor's degree, 2 master's degrees, PMP certification, and multiple IT certifications, I can vouch in saying anything worth having takes time, patience, dedication, persistence, and ignoring the doubters. Keep a plan, stick to it, endure through the tough times and stay FOCUSED.
Lewis have you accounted for the amount you would have to pay in capital gains s tax? We know that taking our portfolio from crypto into traditional finance ie; stocks, ETF’s etc would first require the conversion to fiat then moving from a crypto exchange into our bank account. This would generate a big flag for HMRC surely? Interesting video though, let me know your thoughts on this please
I have 6000XRP right now. Realistically I know it’s not enough but it’s rough here in the UK and am unable to save a lot each month so I’m just adding what I can when if it’s only £50 worth a month
My goal is to get to 100,000 plus xrp and wait for the price to get to around $10.00 sell enough to buy a few rental properties cash. Retire and live off rental income.
I want to critique a bit here. When you invest in the stock market, adjusted for inflation, yes you yield 7%. But you’re not supposed to withdraw the full 7-10% from it. If you do that, you will run out of money within 30 years. You should only withdraw 3-4% a year so your principal is protected. The younger you are, the less you can withdraw. It grows by 10% but it’s very important you only take out 3-4%. Studies have shown you WILL run out of money before you die. But otherwise great video
I dont care how much money you have, no one needs to own their own Jet or yacht unless you fly everyday or live on the ocean half the year just rent for the time you need.
The question is obvious. People are asking how much XRP would a person need to be financially free. Own a house for 4 people and never have to work for the rest of their life.
Hi Lewis, agree with everything you have said, but don’t forget to include tax. In Uk, with the sort of figures we are talking about here, you will be looking at losing 45% of your gain in CGT so assuming to achieve those figures we would need to allow more. Any tips on how to reduce the tax liability legally? Thanks for all your excellent and informative videos 👍👍👍
Thank you Lewis for all your hard work. Looking forward to the website being up and running so we can follow along and learn all the things that we didn't realise (the paint bubbling on the Lambo .......😳) I definitely wont need $10k a month to live my lifestyle but am more focussed on setting my family up (6 grandkids that will produce another couple of generations). To them crypto is just Bitcoin so they have a lot to learn. I will be looking into trusts and specialist crypto advisers so that they just don't blow the lot in their lifetime. Again thank you Lewis, you are a shining light in this XRP space 👋👋👋👋👋👋👋
This bull run i need enough for a bit of land and 3 tiny homes. Then I hold the rest of my iso20022 cryptos til full utility is at play. 2030 prayerfully and my financial freedom will be upon me Amen 🙏🏽♥️
you damn know ppl are asking to be financially free. not for dog food or for one milllion. to be worth 50 plus million within a reasonable time(3 years)
depends if the price ever goes up. I've got a bag of XRP and XLM that I don't need to touch for years. I'll just leave it on my ledger. If it blows up - great...if not, meh....plenty of gains to be made elsewhere.
Not going to divulge what I hold, but I feel a bit more confident now, because I'm not just holding (potentially) sufficient XRP, I'm also diversified enough that I feel I've got a better shot at this "lifestyle" financial goal that Lewis discussed. 👍
Because we don't know if XRP will pair in any way to gold. It's all speculation. What is not speculation is that financial institutions will use XRP. As someone who holds precious metals and XRP, I don't view the two in the same category at all. I see XRP as a means for moving liquidity to where I can earn income via lending where with my metals I see them as a hedge against inflation and a weapon against debt. You can calculate Gold and Silver's true value by multiplying the spot prices by the number of ETF contracts. So if there's 400:1 paper to gold/silver than the equation is 400 x the spot price which will tell you how much in dollar value is behind 1 ounce of gold or silver. However, we can't assume that XRP will be tied to gold because gold is not stable enough even though it is a tier one asset. XRP will likely be lumped in with a basket of multiple commodities to help give it value
It doesn’t look like you’ve accounted for taxes in your calculations. The minute you sell or convert any xrp you have to take taxes into account. So is that $10k per month before or after taxes? If it’s after tax, need a lot more xrp or a higher price point than what you figured.
@@nerdboy8550 I forget, but some YT crypto guy just did the updated rich list in January, and 64k and change was the 1%.. it changes all the time.. it was 69k once the 67k.. if you have 50k of XRP and XLM and HBAR with 100k XDC, you’re in good shape.. IMO
Thanks for bringing up the costs of lifestyles. Watched a show where someone had a flat tire on an exotic car, and the cost to replace it was $6,000. Special wrenches and tools required and mechanic. Be careful what you wish for.
XRP nor any other crypto will not moon until regulations are implemented, sorry to be a downer, but that's the facts! I work for 1 of the largest Banks in the world and we can't switch until regulations, period . period. You also need to realise that KYC & AML as well as the security of the network are major obstacales before any crypto moons.
Why would you pay that wage slave?? Taxation is theft, you should learn how to avoid like every single rich family knows how to. There are loopholes for a reason, or else there would not be any.
Hi lewis, you got a new sub. im from the uk and not got muck xrp, but like you said, if it goes to the moon, i dont need much. But any tips on how to pay if at all tax on our xrp. For example, do you have to pay tax if you load an uphold card and spend on goods like a car ect or evan a coffee. T.y sir
Thanks Lewis. My thoughts on this are: If you have a good job, you enjoy, HODL because when true utility kicks in over the next two to three years there will be no telling where the price might be or as a bare minimum take out all the money invested + extra for a treat! If you have enough XRP right now maybe collateralize it with Jake and his team through the Polysign model. There is no more XRP. Trillions is coming into this space.
Lewis thank you for making that clear about price appreciation. Just be patient stack and they will win. Keep it going mate. From the USA, love ya stuff bud.
Love the video Lewis as usual. One thing you didn't mention though, TAX/CAPITAL GAINS ETC. As soon as we exchange for GBP, our government will screw us!!
100% of income tax is used to pay the interest on the loans Congress gets from the Fed. This system doesn't benefit infrastructure, govt. or the Nation in any way size, shape or form- in fact, it hurts the country for the benefit of the Fed's private shareholders. Revoking your citizenship with the Secretary of State and establishing yourself as a State National in the Republic of the USA alleviates you from income taxation. You won't get to vote in Federal elections, but after 2020, it's pretty clear how effecive voting is without massive reform anyway. Just planting seeds. 40% of my income is too much. Hell, 10% tax rate is too much in my opinion.
Do you think 16,000 XRP is enough based on your being around seeing what all has happening? I hear some people say 50,000 is better thinking more short term. I’ve have lost any money on my crypto account based on 1 years trades. XRP is on of the lowest performers. Many are moving much better as you know. Something crazy, I bought 750k Shib, based on what I paid it has returned 80 percent in a year as of today.
Coin experts who were talking about the rise of XRP first said that it would skyrocket when Jed Mccaleb's stock ran out, but it did not skyrocket at all. If it were ruled that it was not a security, then I also wanted a ruling that sales in the secondary market were not securities, but even then, there was almost no increase. It was said that it would skyrocket when it was re-listed in the US market, but it did not rise. There is only one thing left: IPO. There is a very high possibility that the IPO will result in a crash as there are two prevailing opinions: that XRP will rise or crash. It is already too late to just quickly escape from XRP and buy a coin that has risen relatively less among the top 50 in market capitalization, but it still guarantees your minimal success.
Give you another scenario: Ripple announces a substantial burn of escrow... XRP zooms up. Maybe as a result of settlement with SEC, maybe just to jack up the price.
It’s nice to see how much of us just want to provide a home for our families, no luxury cars or watches just comfort for our loved ones. May we all be blessed let’s go XRP🎉
I DEFINITELY need way more. Too bad Flucking NYC made it very difficult to get in early. Now, I'm trying to fill my bag as much as I can. Between XRP, Shib, and SOL, I should be good! 😊
Lewis, you are describing a rich lifestyle. Being rich typically means having a lot of possessions and material wealth, while being wealthy is more about having sustainable and lasting wealth.
Lewis, people will only learn the granular details if they're not blinded by the light of crypto skyrocketing. A wise way to put it back to people is what is a healthy amount of XRP to hold X how many years they need to hold it for. Personally, I've held it since 2017. Was I hoping it would skyrocket early on? Yes 100%. Also, I realised it was best to put it in a hard wallet and bury it for 10 years. What is a healthy amount to hold at the current price, 500 If you have disposable cash, I would aim for 1000+. A wise investment strategy is to accumulate it in small amounts and build your crypto holdings.
all the deal is the timeline and the amount of XRP you have, if you have 10,00 for example, youll have to wait more than 100,000 or 500,000, its so logic, amount=time
@@LewisJacksonTeachesCrypto Im enjoying these videos again.. back to basics no fancy video intros back to where I joined the channel and the lewlewcrew
a rich man once said, if you want the experience of supercars, yachts and private planes, at least hire them, never buy them. for most of us, nice house, nice car, etc, holidays, - its most likely less than we think, plus some emergency money, earning a good yield.
Just do the numbers if I have x amount at this price and it goes to 234 cents 10 20 30 90 cents and than 1 2 3 dollars to 25 30 50 100 dollars on long shot. Keep it realistic on the low numbers would be more realistic.
Owning 25,000 XRP I’d need 100 per coin. Maybe I should double up. The real. Question is it actually going to even go to 5.00 any time soon? It appears so but know one really knows
It means I'm poor will 10 100 or 1000 make me rich and the answer is if you are asking then you will never have enough, what you should at least consider Is should I keep my money in my bank during an election printing year where it will depreciate for a good 10 - 20% or keep it safe in a decentralized ledger where it can only gain value over the years vs being robbed. Just my 2 cents NFA 😅
I'm holding but REALLY can't even say I blame you. It's been an emotional rollercoaster. Ignore the rest in the comment. Acting like they're some fortune tellers smdh
