/biz/ - Business & Finance

>>12178619
It such a relative term. In my mind, it’s >$7M after taxes. Four percent return at $7M would generate ~$280k, which is a very comfortable life. Anything over $7M is that much better.

Anything that lets you live the life you want should be considered making it. I know if I made a few hundred thousand in the next year or so I'd be set. At that point it's hard to fuck up, yearly interest on 500k while working a job and letting it compound would free me from being a wage slave in no time at all. Just because your altcoin doesn't 10000x and turn you into a billionaire doesn't mean you didn't "make it"

Freedom from financial obligations is what to shoot for. Not some needlessly greedy and meaningless number. Money has diminishing returns when it comes to happiness.

>>12178619
Making it (idiomatic) to reach a place. (idiomatic) to survive, to live through something. (idiomatic) to become famous and successful. I'm not just going to make it, I'm going to make it big. (idiomatic) to have sexual intercourse.

>>12178619
Making it is never having to work for someone else to live how you want to live.

>>12178619

£400k
It would allow me to buy 4 small houses/flats in my area which I could rent out and make a comfortable £2k a month which would allow me to live a modest life without working.

>>12178750

I agree with your asessment. I mean, I also calculate my "making it" target in terms of around a 3% return.

I'd be happy with a 3% annual return (adjusted for inflation, so a nominal return of around 6%) being equal to 60k usd.

So I'll "make it" once I reach 2mm or thereabouts. It's a modest amount but I won't have to work a single day if I don't want to, which would be incredibly liberating.

>>12178842
I see you went for the good ol 0.5% per month return rule of thumb for residential rentals. Nice.

>>12178750
Getting a rimjob by an underage ladyboy prostitute in Thailand

>>12178899
Oops, meant for OP

>>12178774
This so much. I actually had shitloads of money in December-March and was spending left and right. It got boring very fast, didn't go to work. It got boring very fast. Past a certain point you won't get more happy life with more money. If you're an unhappy person your whole life, not even $100 million would change that, but if everyday, small things bring you joy, you can live on $2000 a month and be happy. And having no job is boring - sure, it will be awesome for a month or two not having to wake up early and stuff, but eventually you will run out of things to do.

You might think you won't, that anything will be better than going to work, but it's just not the case. The hardest redpill to accept in life is that you need work. You need to experience some bad to actually enjoy the good. If you go on vacations 24/7 the entire year, it will get very boring after few years, and then you will have nothing to do. While if you work, slowly save up money to go on a nice month long vacation once a year, you will be entertained and happy your whole life.

Humans need goals. We need something to work towards, and work and money gives us that, otherwise our lives will seem meaningless and we will end up killing ourselves or turn towards hard drugs, like so many celebrities and billionaires do.

>>12178619

Making it means 1 million. Period.

>>12178899
> uh...checked?

>>12178926
>t. npc

I agree, some people need their time and effort to be allocated for them. For those of us with actual souls, who know how to be creative without a master, financial freedom is liberating.

>>12178926
I don't think most people would dispute that they'd want something to do during their days, but there's a vast difference between going to work as a wagecuck for some generic company and actually running your own buisness, doing things that YOU want to do when it suits you and being your own boss.

>>12178961
Tbh I'm not sure I can actually amount to anything as far as arts are concerned, but damn, I haven't been able to play the piano in several years and it kills me that I can't even play half of what I knew at the time. I just want to learn everything again.

How much will node operators who stake.. say 5k-10k make? The economies of this hasn’t been discussed.. even sergey has said it’s pretty tough to answer at this point.

>>12178926
Sorry my man but this is salve mentality at its finest
>it's better to work and save up and travel once a year
top kek, I actually lived the semi-NEET lifestyle for almost a year (ie. work from home on systems maintenance that basically don't need much maintenance, and report generation that I automated away)

It was utter bliss I got so much shit done, learned French, painted minis, even built a wooden lathe

Now I'm back in the cage and I'm doing anything to get out, starting another business, getting better at my trades etc...
2017 was a taste of heaven for me (regardless of the bullrun, I wasn't NEETing from being a paper millionaire)

>>12178842
Because landlording doesn't require any work.

>>12178619
https://www.youtube.com/watch?v=xdfeXqHFmPI

>>12178619
Mostly depends where you live. 1Million in Portugal is big, in Bulgary is gigantic, in Italy is comfy, in SF is not that much, in Detroit is enough, etc.

>>12179183
Trust me, the human brain is very primitive, and gets bored of things really really fast when you have 100% of your time to do them. If you want to live your whole life being bored and not knowing what to do, proceed, but work is something that keeps you occupied. I am not saying that wageslaving 12 hours a day and waking up at 4 AM is good, but if you have a nice job where you work 6-7 hours a day and you wake up at 8 AM it's actually good.

>>12179311
What you're saying is true, but you don't need to be working for someone else necessarily. You could work 6-7 hours daily on your own projects or learning a skill.

>>12179349
That is true if you have the motivation, but most people here are lazy NEETs like me that have no motivation to do anything. But earning money or starving in the streets is enough of a motivation to do something at least.

>>12179311
Imagine doubling down on a position as indefensible as "everyone needs to be told how to spend the vast majority of their time and effort in order to be happy." Lmao.

>>12179397
So you're basically a sack of shit who can't think for himself?

>>12178750
this

cheers to the sophisticated individual that you are

>>12179311
this.
t. madeit

>>12179311
People are different. I think it would take a very long time for me to get bored. Years.

>>12179311
>t.

For me it's

-being able to live for 10+ years without being a wage slave. I'd still want a job or money flow of some sort but I don't want to be working for like $12 an hour any more

-moving into a house that isn't roach infested or breaking down

-fixing personal health issues

-being able to afford to buy things that I like to buy without any worries. I'm pretty frugal so I don't really care about a self driving lambo right now. If I made like 50 million I'd ball the fuck out and live an ultra lavish life. But making it for me is looking in upper middle class/lower upper class status and not having to work and live a life of comfort.

>>12179211
>Because landlording doesn't require any work.

no need to be a smart arse.

>>12179522
if you own property chances are you already made it. own. not a fucking mortgage

>>12179566

who said anything about a mortgage? If I had £400k appear out of the sky at my feet that's what i would do. I appreciate it would reuire a little effort to arrange things occasionally but is not nearly the same as working a full time job is it? Yeeesh.

>>12179643
put it that way. then i retract my post. if you buy, even with a mortgage, and the rent covers the mortgage, then it's a good investment. Or if the rent doesn't cover the mortgage, then at least you're building equity. in that case the bad part is that you're relying on your own money/job/biz to cover the mortgage. If the job/biz goes south without any of you're mal-doing, then well... fuck. the real estate market just seems too high right now. 1M dollar homes in the ghetto hood areas of a city... don't make much sense senpai.

>>12178619
It is quite easy to define "making it". I only have 50k Link which is nowhere near enough to actually make it.

All these Linklets with 10k stacks singing about 1k eoy are starting to piss me off with their propaganda. It was a joke and they are actually believing it and causing FOMO in newfags preventing the dump. I need to make it to 100k before mainnet for fucks sake. Link is only going to $20 max. Right now I might make 1MM before tax on that, but tax will take a big chunk out of that then inflation will fucking ruin me over the next decade.

Even if I chuck the 1MM into a dividend stock that pays out well and I get 70k a year of it, it's not enough to beat inflation unless I basically live in poverty as a neet and keep my wagecuck job in the meantime so I don't have to sell any retirement Link. In 10 years that 70k a year will feel like 20k a year. You need a minimum of 2MM, but more likely 3MM to make it. The upper predictions for Link where about $60 but that was made during the bullrun of last year, and it assumed that the overall crypto market cap would still be expanding and BTC would go on to 1MM a Bitcoin and that we would be in a full blown crypto FOMO hype bubble when mainnet came out and we got our price singularity. All of that isn't going to happen anymore.

The singularity is cancelled. Now we will have a slow growth to $20. And the sad but ironic thing is most people on this board will hold from 50 cents, to $20 and then hold all the way back to sub $1 again because you all believe the 1k eoy memes, and just like the retards who held BTC and didn't sell at 19k, you will do the same with Link at $20. Looking at the current charts depresses the fuck out of me when I know I only have 50k Link, nowhere near enough to make it.

At best I will have 1-2 sweet years, and then return to wagecucking after that. But it will be worse because I will have tasted freedom and know what I am missing out on.

>>12179211
Once everything is set up and the house are move in ready, he could outsouce almost all the decisions and maintenance that goes with owning rentals through a property management companies. They are going to take a decent chunk of the profits but with enough houses it would be almost completely passive income if arranged correctly.