Originally Posted by SnerpGoodWord
This analysis seems pretty spot on to me as someone from the US who trades extensively. Median household income in the US is just shy of $50,000 although it may have fallen slightly in the last 3 years. The idea of trying to trade for a living on $50,000 of capital in the US is absurd. Maybe $500,000.
He said he wanted to travel the world. This may mean he wants to live somewhere cheap. You can live in lots of places trading 50k USD. You won't live in much luxury, but it can be done.