/biz/ - Business & Finance

>>11403879
>21 - 100,000 LINK
>30 - 500,000 LINK
>50 - 350,000,000 BITB

>>11403879
the fact that they don't want to kill themselves

>>11403879
I want to fuck her in the ass, cum inside, then watch my slime drip out of her boypucci and onto her balls.

>>11403915
Definitely this.
>>11403933
>her

>>11403879

A key indicator would be that from observer it would look like as if the person is emerged deeply in a hobby or passion rather than a job or career.

>>11403879
>21 - hasn't killed themself
>30 - hasn't killed themself
>50 - has killed themself

>>11404382
upvoted

21:

If you're working on your career at this point, congratulations, you've lost the game: You should be in the middle of your post secondary education, not in a career. Unless you are one of the fraction of a percent of people that will see things pan out, you've fucked up. Go to school.

30:

You should have moved full time jobs at least once, preferably twice: For nearly everyone, you will almost always be earning significantly less if you remained at the same place of employment compared to if you had moved positions. Outside talent always commands higher salary and benefits.

50:

You should actively have a plan for checking out and retiring. Whether it's in five years, ten years, or fifteen years. You. Should. Have. A. Plan.

The time line is less important than the plan.

Fin.

>>11404447
>30
>only moving jobs once

?

>>11404382
There is no other option.

>>11404851

As in you should have changed companies at least once.

Staying at the same place that gave you your first gig after graduation more than a few years is a terrible career move:

They had you at 'inexperienced new grad' wages, and though they've given you a raise, you're likely no where near even the top range for your position. Carrot and stick with title bumps but no substantial wage or benefit increases. Companies like Big Blue are famous for it and have it down to an art form.

Leaving the place that gave you your first work in your career pretty much doubles your vacay time, and gets you a significant pay bump, usually with less responsibilities than you had at the last job. Depending on the field, the pay bump is anywhere from healthy (10-30%) to substantial (100%).

For guys in some tech or HR this can man a situation where you leave your $40k position to go to the exact same role at another company at the top of the scale at $80k.

>>11404954
Crucial advice. I went from $130k to $170k by jumping ship to a competitor this year. Will repeat the same pattern in ~18 months

>>11404954
I agree with the message but once minimum seems low for 9 years of your life. I guess it depends on the field and how good you have it but I'd peg it at two minimum surely.

>>11404998

I was going with once minimum in 7 years: 23 to 30.

See my previous comments on if you're working at 21, you've fucked up because you're not finishing your degree like you should be.

But fair point, two as a minimum might be a better tweak

Nice photo, OP

>>11404989

Math / Stats guy?

Or just Bay Area or NYC?

I'm in Canada so less coin, but the only guys making that kind of money outside of VP level are Math and stats guys, or programmers with a finance background doing modeling

>>11404447
>hurrr you have to go to college to get a worthwhile job

Actual boomer detected.

>>11404447
Finished uni at 21 and started full time work. Been planning my exit since then.
Only seriously started in the last year, now 30. Building investments (crypto, property, shares). I want to retire by 50 and not a day later.

>>11405108
Where I live most people graduate 21/22, guess it's different elsewhere.

>>11405285
>Finished uni at 21
Peak NPC

>>11403879
Shes made for tyrones bbc

>>11405285
holy wagecucking .... 30 of your best years?

>>11405402
We arent all trustfund babies

>21
poverty-tier college student with no real job
>30
house (with mortgage), car, wife and maybe kids
>50
total net worth exceeds one million, senior position, large retirement fund

>>11403879
When he doesn't need one.

>>11404382
pretty much this

>>11403879
>21 Hasn't killed themselves
>30 Hasn't killed themselves
>50 Has become a cyborg

>>11405429
Sucks for you

>>11405273
T. Nobody

>>11405435
> house (with mortgage), car, wife and maybe kids

2008 called, it wants its sub-prime mortgage loan paid back in full at double the interest rate.

>>11403879
21
>You are still doing your master in STEM
30
>You are at a leading position in an interesting engineering project preferably in an up and coming small tech company
50
>you're on the beach sipping your favorite cocktail browsing /biz/

>>11403991
That's a girl right?
That's the waist of a girl I'm looking at right?
Come on anon, tell me the comfy truth.
Its a grill r-right?

spent 10$ on btc in 2009 and held priv keys to now.

Retirement plans

>>11403879
Net worth:
> If you didn't go to college at least 100k at 21 yo
> If you went to college at least 200k at 25 yo
> At least 1MM at 30 yo
> At least 3 MM at 50 yo
If you reach those milestones you're doing somewhat well imo.

>>11406851
25 with 140k net worth

Job thats pays me more than all of my former classmates, but still only 3k/month after taxes and insurance in my country
Can save and invest about 2k each month tho

Currently applying for a job that pays 40% more

My goal is a nice house in the next 2 years, would cost around 500k, but mortage rates are cheap

>>11406809
It is a girl, and by a girl, I mean a person born with a vagina.

https://twitter.com/enjinight

>>11403915
This is literally the only good measuring stick.

>>11406889
Sounds like you're doing well. Perhaps my numbers are a bit high, but those are the net worths that would me feel like I don't have to worry too much about money. I was "lucky" to make a lot of money at a young age.

I just went through and upvoted all these great responses. We did it plebbit! Great job on the spacing too; easy to read :)

>>11405273

No. Millennial with a fucking brain though.

>>11407048
You make a lot more money learning a trade and running a business in that direction than 99% of the cubicle jobs yielded by the vast majority of college majors.
That's if you get a job that actually aligns with your major, which is in itself unlikely.

>>11404447
>For nearly everyone
This is a one size fits all outlook that is barfed out constantly

not everyone graduates to a dipshit $40k/year job, if you're not moving to the most expensive coastal cities you're simply not going to grow your income that much especially considering the cost of relocating
benefits are company wide and often times are publicly available, you can find them or ask around, but in my case I ended up working for the company with the best benefits in the city

SEND HELP

I've been working as a math teacher for 4 years and I fucking hate it

I have a degree in Math but forgot to learn anything useful (like programming and shit). How do I escape this prison of my own making? Should I go back to school (not a fat clap so not too expensive) or is there something I can do to escape?

>>11406851
Lmao at this fucking delusion. If you have 1mm at 30 you are doing better than 99% of population

>>11406851
And just to add to this it is fucking significantly harder to get 1mm at 30 and comparatively very easy to turn said 1mm to 3mm by 50. You fucking naive child

>>11407085

Learn python. It is easy as fuck.

Then learn machine learning/data analyses. There is a huge demand for it.

>>11403879

>21, 30, 50 - Ideally, the gap between income and liabilities should widen directly proportional versus time.

The ideal graph looks like this:

>>11403879
i would do anal in her ass

>>11407102
>>11407109
As I said, those are my own goals. (I assume) most people on this board are aiming for at least top 5% net worth. Of course those aren’t realistic goals for your average braindead NPC. I want to be able to spend a lot of money between my 30s and 50s and/or work less so tripling my net worth is a realistic goal.

>>11406851
>200k by 25
>1m by 30
These goals are out of proportion and don't really make much sense if you do the math.

It is incredibly difficult for someone to make it to 200k by 25. Assuming they graduate college at 22, you want them to save 200k in 3 years? Do the math on that. That means they have to make about 300k pre-tax in 3 years, so saving up 100k per year. So that means they have to get a 120-150k job right out of college and live like a poorfag.

Then, save 800k from age 25 to 30, so 1.25m pretax in 5 years? They're to save about 240k per year so they need a job that pays 280k+ and still live like a poorfag?

You need to actually do math to figure this out, I feel like you picked these numbers out of thin air.

It's cute how you all talk about making millions.
you kids are allright, delusional maybe but at least you dream. I love you and your childish ignorance /biz/

Most of you will give up on your dreams around or before 30, accept your lot in life and settle down. You'll have a nice job (most of you go to school or study ofc), not perfect but nice. Some will find a nice girl and start a family. Little dramas follow, excitement and troubles at the job, oh my a promotion, your kid did something in school omg I gotta go save muh baby. and then guess what, you're 55 and life has passed you by. You dont even recognize that ambitious person you were from your youth, who is that guy? What a joke huh.

A sad tale told by an idiot and soon I wont be heard from, ever again. Forgotten in the mist.

>>11407275
Maybe I picked the numbers based too much on my own situation. Those were/are my own goals at each age. I think it’s pretty doable to make it to 200k at 25yo if you’re smart, get a good degree and work hard. One of my friends saved up 80k while in college by working part time and he still managed to get great grades.

>>11407316
This, but only if you give up.

I'm 28 and I've noticed this and am starting to see what you say in all my friends. Eventually, they stop trying and they settle into the life they're at and stay there for the next 40 or 50 years. Most of my friends stopped progressing at around age 23-26. It's like they mentally stopped growing and now just exist with that same mindset but an older body.

Daily reminder almost every NPC adult never grew past age 22-25 year old mentally, only their body advances but not their mind.

Stay hungry, keep growing, never settle. That's how you make it.

>>11404004

> emerged deeply

Brutal.

>>11407360
And I 100% agree with this. We all know that your average NPC can’t make it to 1 MM by 30. But if you’re on this board, your goal most likely isn’t an average net worth and an average career. Fwiw it’s worth I’m 24 yo and almost guaranteed to reach 1 MM before 30.

>>11407360
And I 100% agree with this. We all know that your average NPC can’t make it to 1 MM by 30. But if you’re on this board your goal most likely isn’t an average net worth and an average career. Fwiw I’m almost guaranteed to reach 1 MM before 30 myself.

>>11403879
>>11404447
>>11404851
>>11404989
>>11405108
>>11405285
>>11406851
>>11406889
>>11407275
>>11407360

T.newfags/redditors/NPC's
If youre literally working past 25 YOU HAVE FAILED.
It doesnt matter how much you have in the bank if all your time is spent at the office slaving for mr sheklestein
you dumb fucks are so programmed you dont understand the ultimate goal is freedom, not who has a bigger dick. once you have 10k passive income a month you can fuck off to europe and fuck stacies all day living like a king
>be me
>23 year old neet
>masternodes and daytrader (daily charts)
>like 100k net worth all in alts
>cash out next bullrun
>literally dont work
>fuck stacies everyday
Wagies continually get BTFO
the content of /biz/ has continually gone down here since I was shilling you fags Walton under 1$ and Antshares at 50 cents
Get fucked

Savings to debt ratio.

>>11407417
Yes I was thinking more for the average normie or maybe top 25%, not top 5 or top 1%. Like I said I'm 28 now and don't think I'll make it to 1 mil by 30 but I'm not doing bad. Since graduating college my girlfriend (now fiance) and I have been putting away about 50-60k per year into traditional investments (not counting equity into the house we bought, mortgage sucks up a lot of funds we could otherwise use elsewhere but it's a necessary expense).

>>11407457
I you want 10k passive income adjusted for inflation for the rest of your life then you’ll need a net worth of at least 2 MM.

>>11407457
based and redpilled

>>11407509
not in eastern europe, portugal, columbia, or brazil
Who the fuck wants to live in a busy metorpolitan area in burgerland surrounded by roasties
literal hell
Learn a language and move abroad

>>11407555
???
That other anon is right.
You said 10k per month passive income. Doesn't matter what country you live in, 10k is 10k. To make 120k per year, at a safe 4% withdrawal rate, you need to have 120,000/.04=3 million actually

>>11407316
this is your fate, /biz/ reader. accept it

>>11403879
>What are the key indicators that someone's career is doing well at ages 21, 30 and 50?

>age 21
You've managed to socre a job
>age 30
You don't want to kill yourself
>age 50
You're retired

she NEEDS to be on BLACKED already

>>11407782

>>11407417
>Fwiw I’m almost guaranteed to reach 1 MM before 30 myself.
How? Maybe you burgers just have so fucking good salaries or what.

Also there are no guarantees. Equity returns are probably negative for the next 5 years

Treasuries are the closes to guaranteed you can get and they pay like 2-3%

I have 800k NW at 25 and never once have I thought 1mm is guaranteed by 30.
Without interest it would require 40k net savings a year, which is very hard to do in most of the world ex US

>>11408541
Take more risk you stupid faggot. Study something and make the right decision and you'll roi 50-100% a year

>>11408605
That is a non-answer answer you fucking faggot.

I don't need to study anything I have a fucking 800k portfolio at 25 years old and a finance background. Do you think that happened without risk?

Now my question to you is to tell me even 1 thing that can almost guarantee 800k>1mm in under 5 years. That is right, it does not exist.

The best riskfree rate you can get today is about 3%, that means
800k -> 927k in 5 years

>>11407316
This is sad. What you say is true, but it doesn't have to be like that. You need to raise your most important value (making it) above everything else, to the exclusion of all that doesn't directly feed into it. Those who give up are broken, and believe that by submitting themselves to fate they can avoid the pain and loneliness of the journey ahead. This is a false belief, and worse still, borne from a mixture of inward cowardice and external pressure.
Never give up on your dreams, /biz/. Life needs to be about continued goal-setting, continued striving and continued learning. Extrapolating the time variable to infinity, anything is possible. Anything...

>>11403915
Here I thought my career was doing just fine

>>11404954
>>11404954
This man gets it and I'm a living example.

I started as an intern at $15/hr as a Software dev. Then I went back as full-time for $50k. They liked me so they bumped up my salary to $54k, but that's chump change after one year.

Long story short, I was contacted by several recruiters and I jumped to another company for $65k. I would have never received that big of an increase if I stayed. And asking for raises is insanely difficult. At this workplace, my manager kept stalling me when I asked for 70k.
Eventually, I left that place to for 90k. This year I'm making 120k at another place.

>>11408541
Lol you ask how, but you claim to have 800k at 25? Smells like a salty larp. I’m from Northern Europe. I said I’m -> almost <- guaranteed to make it to 1 MM by 30 yo. My current net worth + current non-investment income*current savings rate*(30-my age) is more than 1 MM. That’s how. If I wanted to I could make to 1 MM guaranteed by buying government bonds or even just holding cash.

>>11404447
>You should have moved full time jobs at least once, preferably twice: For nearly everyone, you will almost always be earning significantly less if you remained at the same place of employment compared to if you had moved positions. Outside talent always commands higher salary and benefits.

My professors told me the same thing. Ironically I work for the same German employer in the US thast I started with out of college (15+ years). Make around $180k per year depending on bonuses.

I could have probably made more changing professions, but the company is family owned and treats me very well. Get 5 weeks PTO per year and like most German companies, they don't immediately shit-can all their employees at the first sign of a global recession. To me thats worth a lot of unpaid earnings to know I have very good long term job security.

I know its not for everybody and is probably a bad way to look at work, but a lot of my colleagues I know and respect for 12+ years. Its really nice to go to work and have a "family" type work environment where everybody earns their keep and works hard.

>>11409055
>Boomer posting

>>11404954
Hahaha, imagine being a wagie so long you have this whole strategy

>>11403879
>career

nice way of spelling 'cuckoldry'

>>11407457
this.

>>11409084
Your point is?

>>11408993
Not a larp, and I'm from Northern Europe too btw

Since saving even 2k/month is pretty much top tier in at least my country with insane tax rates and expensive everything, you must be much younger than me to have a guaranteed shot with gov bonds or cash. How much do you have now?

Can we change the name of this board to /LARP/? Without a trust fund how the fuck do any of you faggots expect to have 200k by 25? Ahhh yes I forgot all the math PHD’s with 300k starting salaries. You faggots don’t even equate taxes taken out of your paychecks do you? That’s how I know this board is full of college kids, with the occasional 28 yo Boomer.

>>11409141
Perhaps the same country. Just turned 24 yo. Have about 680k in liquid assets. I run my own business so my income isn't "guaranteed" per say, but I've been saving 100k+/year for the past 3 years. Sorry if I came across as a bit of an asshole. Good luck.

>>11409141
Perhaps the same country. Just turned 24 yo. I have about 650k in liquid assets, a high income and I live pretty frugally.

>>11409141
>>11409313
That's me, just posting from phone.

>>11409191
Amen brother. To have $650k in liquid at 24 means you must saved (including ROI) $9k per month since you turned 18.

I call BS on that. Maybe you timed the altcoin / day trade / online poker perfectly, but the odds against that are so high that most of these people are clearly playing wish thinking.

There is no way you could make $9k per month in the US or UK for 6 years without the tax authorities getting their cut / taking notice. No fucking way.

>>11409313
Okay, then we have almost the same situation except I don't even have a job atm. Congrats on the high income, hope we both will make it to 1mm by 30

>>11409361
I’m not larping, but yea, I can’t prove it. I didn’t make my money by working a “normal job”.

>>11409539
>I'm not larping
>but yea, I can’t prove it.
Craig Wright lmao.
Your dreams are pale in comparison to my reality.

>>11409554
Fragile ego, that’s for sure. But ok, let’s just say my “friend” has 650k and is 24yo. It is very doable. Of course you won’t have 650k at 24 yo if you took the same path as everyone else like you did, i.e. wagecucking and working your way up. Nothing against that though.

>>11409615
Without proof, it's just a cute story.

>>11409629
I mean what do you want me to do? If I post a pic of my broker account you’ll just say it’s photoshopped or that I got the money from my parents. There’s no way for me to make you believe me if you don’t want to. I guess this is a waste of time. Yes, it’s difficult/impossible for most people to have saved 500k+ At 24 yo. I didn’t say that everyone can do it.

>>1140387
As simply as possible:

>21
Are they at a good uni?

>30
Do they own a house AND seem satisfied with job?

>50
Capable of retiring if they want

>>11409678
Yeah it is definitely impossible from just normal work

What are you currently invested in and what allocation?

>>11409678
What is your portfolio allocation like, as >>11409714 has asked.

Did any large chunks of wealth pass through Bitcoin/altcoins? If so, even if you don't possess the assets -- do you possess the private key?

If so, sign a message with that private key. That will give me undeniable proof.

>>11409714
7% crypto, 85% stocks (70% Northern Europe, 20% US and 10% China) and 8% cash (looking to invest most/all of it in stocks). My stock portfolio has a beta of ~ 1.2. It’s high risk but I’d be fine if I lost 30%. Most of my stock portfolio is just a broad market portfolio and then I have a couple of micro cap stocks that I have spent a lot of time analyzing and/or got some tips about from friends. I’m a big believer in EMH and I don’t have time to analyze hundreds of stocks so I’m not really trying to outperform the market (except for the few micro cap stock I own).

>>11409845
Northern Europe including Germany*
>>11409759
I’ve lost money on crypto lol. Initial was 55k, ATH was 240k, current is about 45k.

If people try to look successful they're faking it. Real successful people try to hide it, success creates jealousy and jealous people try to harm the successful.

>>11409845
Pretty large allocation to Northern Europe, but I think it will outperform US at this point. I'm planning on allocating more of my portfolio to Swe/Fin/Norway

Are you not concerned about a bigger correction however? I'm like 80% cash now

>>11410065
>Sweden
Soros shorted Sweden in May after flooding it with third worlders. Avoid their market, even if they survive this sabotage they'll only face more.

>>11409191
>200k by 25
I had $250k. I did it by getting a full ride and then moving back in with my parents. Just a standard entry level engineering job.

>>11409361
I have about 35-40k in savings at 27, just bought a new car that I owe like 3-4K on still, and about 7k in crypto. I’m doing better than literally every person I know my age besides a few kids with trust funds and kids from my HS that ended up being professional athletes, this boards thoughts on what are realistic are insane and it appears to be mostly college kids who have never been in the real world or NEETs. I wish a little more discussion on actual money making endeavors like real estate, and boomer stocks would be discussed more. Yes I own crypto but putting all your eggs in one basket is a nigger move.

>>11410065
I am but I just don't believe I'm skilled enough to to outperform the market by trading macro and I have a pretty high risk tolerance (won't need most of the money for at least 10 years). I beieve equities (as a whole) are very efficient.

>>11409845
If you've got the private key, as I've said, make the signature and no one here can deny your claims.
I do hope you are not LARPing for the simple fact that I think you're a good person and hope you are doing well for yourself.

>>11410235
same, without a larp at 29:

110k 401k
23k crypto
29k savings (building savings for a house when the market dumps)
22k student debt remaining (2 years to be paid off)

In terms of finances i'm doing far better than most of my friends/acquaintances. faggots with far more have to be larping or trust fund shits

>>11410196
So how did you do it? Show us the math?

>>11410262
You are probably right, maybe my overconfidence in trying to time the markets will end up hurting my returns. You don't like any other EM except China?

>>11410065
I am but I just don't believe I'm skilled enough to to outperform the market by trading macro and I have a pretty high risk tolerance (won't need most of the money for at least 10 years). I beieve the stock market (as a whole) is very efficient, i.e. the risk of a recession is already priced in.
>>11410263
I don't know how to sign a message and don't feel like moving it around sorry. I only have 20k on my ledger so it's not like would prove much anyway. Sorry if I came across as rude. Good luck with your finances/career :)

>yo bro I'm 25 and have $x00k in equities bro and $Y00k in shitcoins yo bro ayz be fuggen bitches every day bro
*cringe*

>>11410303
I probably should have a couple of % in other EMs. Just haven't gotten around to it / too busy with other things. I do think the best strategy for almost everyone our age (including people with a background in finance) is just to be (almost) 100% long equities and not try to time the markets.

>>11403879
lives with parents
no degree
secret crypto wealth
eats comfy food everyday
enriches themselves with uplifting lit regularly
has decent car to go to food and lit store

>>11410303
what math specifically do you want to see?
internships each summer while in school, max 401k, max ira, max hsa, max espp, and the rest in brokerage 70/20/10 us/intl/bonds
there's no secret shitcoin or inheritance, I had $5000 by the time I left high school

>>11409141
what country are you from? I feel the same way btw. I save roughly 2k every month, am a Swecuck and thinking about relocating due to the insane tax burden and rapid decline of society.

Grow a fucking sac and join the fire service. Make decent money to invest aggressively. Be physical, in great shape, confident, save lives... work 10 days a month... buy crypto and fuck bitches. Just remember to pull out

>>11410266

Don’t let these NEETs tell you you’re a poorfag. That’s doing insanely well for anyone in today’s age without a trust fund. If all goes well I should have the same financial situation as you when I reach 29 if not more. currently my only debt is the 4K on my car Feels good. I’m in a somewhat shitty apartment in a great location, how long are you gonna give the housing market to dump before nutting up and buying a house? I feel like I’m just burning money handing it over to some kike landlord. I don’t want to miss a housing crash but that could be another 5 years. I don’t plan on spending more than 125k on my first house anyways McMansions are for good goyim.

>>11411937

Oh, i came from a white trash, poor family so some anonymous faggot neets can't tell me shit about being a poorfag with where i'm at now.

i'm at a 1-4 year time table - i want a decent down payment so i can minimize potential negative equity if the market crashes shortly after buying. You can get a pretty good house with land at about 200-250k in my area, so i'm basically waiting for a large down payment or a market crash, whichever comes first.

>>11407316
>/lit/ bro leaks into /biz/

>be me
>35
>attorney who manages a local office
>$120K+ per year, depending on bonuses
>save and invest 50K per year
>350K in the market not including my 401K
>17.5K in passive income auto reinvested every year, growing every year
>own home with close to 70K equity
in a decade i'll be able to retire if I live relatively frugally. enjoying life now but sometimes i just want to sip a coffee at a shop while reading the newspaper on a tuesday at 10 am. can't exactly do that today. Maybe I'll work half days from the office in the future, but who knows.

>>11403879

I'm 24.

Live in a city where average rent is $1300.

I make 74k per year excluding my yearly bonus.

>>11403879
at 30 you should bench no less than 2 plates

>>11407457

lol 100k and you think you are set?

>>11412251
Do you manage or practice law? What do you do as a manager? how long have you been practicing, what do you practice, what state are you in anon? im thinking of leaving CA...
t. attorney biz/bro