Sep 10, 2026 · 13 min · 7 segments
This is a vulnerable one. I sold my plumbing business the same year Bitcoin five or six x'd, and somewhere in that overlap I quietly decided I didn't need to work as hard as I used to. I was wrong…
Myles DhillonHost
I think that money needs income and that's what I had from wages as a trade business.
Your money needs to create an income and that's through working or your job or your business or however you get money, you need to have income.
This is actually where Bitcoin sits you put your money into it, it sits there for years and years and years, and it increases in value.
That's like a pension or stocks or a property that goes up in value, capital growth.
So you need income, you need capital growth, and you also need your money to create a safety net.
That is a load of money that if you had an accident or you had a big medical emergency or something really terrible happened in your life and you and your wife both lost your job, you'd be able to live on that for a while.
And many, many, many, I think that vast majority of the population in all developed economies don't have this safety net.
Now, for me, I had put Bitcoin into all of these categories and I was asking Bitcoin to do a job, which was never designed.
Bitcoin is not a productive asset that you can actually draw on unless you have stacks and stacks and stacks of it, in which case you can afford to just sell off a couple of Bitcoin every year and just spend it.
But if you are a normal working person, even if you're in a high income job, the likelihood of you having millions and millions of dollars in Bitcoin at this stage is very low because you're still working right now.
I know the sort of people who listen to this podcast, you're people who have decent jobs, you earn well, but you feel like somehow you can't quite earn enough.
Whatever you earn, even when you have a wage increase, it's always like, oh my gosh, like I need to 5X my salary in order to be able to afford a lifestyle that I thought I was going to have or a lifestyle that your parents had on one salary when you're growing up.
I think that money needs income and that's what I had from wages as a trade business.
Your money needs to create an income and that's through working or your job or your business or however you get money, you need to have income.
This is actually where Bitcoin sits you put your money into it, it sits there for years and years and years, and it increases in value.
That's like a pension or stocks or a property that goes up in value, capital growth.
So you need income, you need capital growth, and you also need your money to create a safety net.
That is a load of money that if you had an accident or you had a big medical emergency or something really terrible happened in your life and you and your wife both lost your job, you'd be able to live on that for a while.
And many, many, many, I think that vast majority of the population in all developed economies don't have this safety net.
Now, for me, I had put Bitcoin into all of these categories and I was asking Bitcoin to do a job, which was never designed.
Bitcoin is not a productive asset that you can actually draw on unless you have stacks and stacks and stacks of it, in which case you can afford to just sell off a couple of Bitcoin every year and just spend it.
But if you are a normal working person, even if you're in a high income job, the likelihood of you having millions and millions of dollars in Bitcoin at this stage is very low because you're still working right now.
I know the sort of people who listen to this podcast, you're people who have decent jobs, you earn well, but you feel like somehow you can't quite earn enough.
Whatever you earn, even when you have a wage increase, it's always like, oh my gosh, like I need to 5X my salary in order to be able to afford a lifestyle that I thought I was going to have or a lifestyle that your parents had on one salary when you're growing up.
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