/biz/ - Business & Finance

I own equity in a private business that pays out ~$12k/y in dividends, and have a full-time job making ~240k. I'm aggressively saving my cash in my HYS (4%), DCA'ing a small amount into index funds and hoping to buy a house here soon if we get a price drop.

Right now crypto is a good chunk of my net worth. But my plan has always been to use it to fund permanent lifestyle upgrades. Eg, withdraw enough to buy a house cash and have no mortgage to worry about. Or sell for enough cash that I can let it sit in HYS or t-bills and produce enough passive income to live off of.

If crypto fails, I just won't have the opportunity for those log-wealth events. I'll have to buy a house via a mortage and work to pay it off over time. Will have to hope for capital appreciation in my stock portfolio or an acquisition/exit from my private biz for any significant cash injections.

That being said, I really just need ATHs again and I could mostly make this happen. Higher the better obviously but even if I can experience just one of these log wealth events it will change the entire trajectory of my life.