/biz/ - Business & Finance

>>11097260
1m. 100k isn't even enough to do anything useful with. even if you invested it all into a 10% fund in stockmarket, thats 10k a year. its useless.

1m is where you get breathing room.

>>11097260

> $100K

Felt like I could actually make it although a $100K today is not what it used to be be when I was a kid.

> $500K

Next goal. Feeling achievable


> $1MM

$1MM is not what it used to be but for me is "Made it" money considering I should have my townhouse paid off and can live cheaply without working letting my GF pay the utilities and buy the food.

>>11097260
My first 100k was a huge milestone for me. After that I didn’t really care. Currently at ~650k with a high income. I don’t care as much about money as I used to though as I’ve realized that money really doesn’t improve my life that much. My life unironically wouldn’t change much if I 5 or 10x’d my net worth. I guess I’ve made it by my own standards because ai don’t have to worry about spending money.

>>11097260
When you build your wealth slowly (like most of us), hitting those milestones doesn't really feel like anything. In regards to life changing money, that'll be when I get close to $2m because I'll quit my job.

>>11097321

Those compounding returns since 2009 has really spoiled us. The QE money printing has boosted the stock market but the actual inflation numbers are probably much higher than the official and the market will probably kick us in the nuts soon or within the next couple years.

Hopefully crypto behaves differently or the Bitcoin halvening in 2020 leads to another massive bullrun in 2021.

>>11097274
>100k isn't even enough to do anything useful with.
neet detected

My first 3x on the stock market was maybe best feel. I had just started trading and bought some shitty mineless lithium mining company. It mooned two weeks after i bought in. I sold near the top completely by fluke. Proceeded to do the same kind of dumb trade on another mining outfit, promptly lost 60% of my profits from previous trade. It was a roller coaster of emotions but a very valuable lesson learned. I ramped up research and figured out a winning strategy after that. It made me a much better trader on both stocks and crypto.

>>11097403
Yeah I've tried to prepare myself for that possibility via owning non-US stocks and gold, as well as keeping a healthy amount of cash on the side. Unfortunately I didn't have a lot to invest back in 2009, and my wealth is primarily due to a high paying job and living like a miser.

The first bush doof I attended

>>11097260
i bougth 1k ltc at 50 last september and it felt amazing when it went up to 7k@350. i didnt cash out since i live in germany and you have to hodl atleast 1 year for it to be tax free.

>>11097839

>>11097260
When i hit 250k at 20k btc, it was a small hit

Now im suciidal everyday

Its good to be back to normal

Wont cash out until 3 mil

>>11097260
First 1K (i live in a low-income country)

>>11097260
Took a 40k loan and went all-in XLM the last week of december. Every day was nailbiting degenerate gambler anxiety. Then we had that rise from 25c to over 90c in less than 48 hours. That was easily the biggest rush of my life. My whole portfolio went from 50k to over 200k over the weekend.

Then I cashed nothing out and now it's worth 25k. Felt good while it lasted tho.