/biz/ - Business & Finance

no math autists here?

>>16943399
Enjoy your sheckles when your dick doesn't work at 65.

>>16943399
Who the fuck is willingly setting aside $1500 a month?

Get rich quick I say.

>>16943399
wow that's crazy

imagine if banks still paid interest

I feel like if I could make 10% a year with no effort I would give up on crypto

>>16943399

>$18,000/year for 30 years.
>Initial investment of $25k.
>$565,000 slaving away to pay $1500/month.
>3% inflation accounts for $920k by end of 30 years.
>Only making 3x your money in 30 years for all >the sacrifice of putting away $1500/month >and $25k.
>paying taxes on $2m in "profit"
>$1 items now cost almost $1.7, so your effective income isn't that much higher anyways.

That's a pretty sad existence. You could have done bullshit garage sale flipping and ended up with a more substantial return than that.

>>16943399
I wish I learned this earlier. Wasted a little money and time in my early 20s.
>>16943477
I put aside over 1500 a month... something like 2/3 of my pay. "Get rich quick" will keep you poor because you have to start over every time you lose everything. I own gambling/casino stocks, so I have to still thank people like you for their money. Thank you.
>>16943504
10% comes with high risk/volatility. Find reliable PE 10 stocks and add a little, 5-10%, leverage and ride it out. Maybe add that leverage 2 years into recession as to limit downside risk. There are no guarantees though.
>>16943399
OP is based and compound interest/wealth accumulation is based.

>>16943527
Companies just raise prices with inflation. You still have to pay taxes on that inflation though.

>>>16943477
>I put aside over 1500 a month... something like 2/3 of my pay. "Get rich quick" will keep you poor because you have to start over every time you lose everything. I own gambling/casino stocks, so I have to still thank people like you for their money. Thank you.
based. i was going to say the same thing. most people who think in "get rich quick" usually always re-start at 0. whereas compounding your money consistently over a long period of time eventually equals out to be massive amounts of wealth. the point if intergenerational wealth for your family.

how the fuck does one make 10% in a year from 25k

>>16943631
the stock market has returned an annual 9.68% over the last the 50 years.

>>16943631

If you are retarded and just throw money in a vanguard, you make about this much.
If you have an iq above freezing point, you start increasing your income via utilizing money you have to multiply your potential income streams.
If you are super fucking smart, you borrow money from others, charge them for the privilege of doing so, then sell ebooks about it for a few thousand times what you put into it.

>>16943399
>when did you learn the power of compounding interest
Grade 9

>>16943399
>30 years
Lmao nigga. Enjoy your limp dick you fucking faggot. Im gonna spend my 6 digits in my 20s as long as im in physical prime.

>>16943666
Kek. Does satan sell devilish ebooks now?

>>16943612
Top flight post, anon

>>16943399
cant win at their game, somewhere in those 30y you will get your shit stolen, a lot can happen on the way to 2050