/biz/ - Business & Finance

Do not tell ur friends and do not rent out to niggers congrats and buy PRQ rn for quick cash for partnership congrats bro

Congrats anon. For the love of God, dont be stupid with that money. I know a guy who blew $200k of inheritance money in a span of 2 years.

You're lucky you had such a great grandmother, may God rest her soul.

>>23815123
Good for you lad. Your sister sounds like a clown and your grandmother being 'vaguely racist' just sounds to me like she accepted some harsh truths about the world that some people can't handle.

>>23815123
Thats nothing bro, you wont even be able to make property tax for your property + maintaining the property for your lifetime

>>23815123
Obvious larp.

>>23815123
it's a house retard. you can live in it but it's not enough to retire on.

>>23815123
put some of it in a stablecoin and on defi and earn 8-12% interest yearly

>>23815123
You cant make it off 400k unless you live in mud huts in africa

>>23815189
kek I love the subtle shills in any thread like this. don't buy prq it'd a centralized piece of shit

>>23815123
Cool, make sure you get all the paperwork done as soon as possible before your sister changes her mind. She's obviously retarded and doesn't deserve that money, would probably waste it all anyway.
>>23815293
If you can't make it starting with 400k in the bank you can't make it, period. You must be extremely financially illiterate.

>>23815123
Congrats Anon, I got a little bit of a mood boost from your post, I can vicariously experience the freedom and liberty, enjoy Anon, I'll be there one day.

>>23815405
Having stagnant money isn't the same as having income streams lmao

>>23815123

Unless you put that 315k straight into BTC and link you will not be making it

>>23815123
Not selling the house for link, then buying a house and a slave in 2022... ngmi

>>23815123
congrats anon, you have your own corner of the world and don’t have to worry about anything but upkeep and property tax. comfy as heck

>>23815635
Replace 'BTC and link' with 'Ethereum' and you are correct

>>23815123
you're basically free bro. I hope you're planning on NOT selling the house (assuming its paid off). Just live in it and stack bread. There's a lot to be said for cutting your monthly expenses by 20-30% (rent/living cost)

>>23815123
Really glad you make it fren!

>>23815405
>You must be extremely financially illiterate.

Yes.


And I'd buy 1btc 10k$ link 200k$PMs and gamble the rest which will become more link

>>23815752
200k pms are you retarded? Gold and silver havnt done shit for 10 years, they should be a few % of your portfolio as a hedge nothing more

>>23815123
Based
My dad has property worth about $2.5M. My two brothers and I would inherit all of it.
It makes me wonder if I should really be that focused on getting wealthy. I've been riding the entrepreneurial wheel for years now. Worked hard but only had one exit for $400k.
Given that by the time I get my i heritance, the properties will be worth $3M at least - $1M for me - maybe I can relax a little?
Have no expensive tastes. Don't like to party.

>>23815293
He can rent rooms to one or two people and use that to cover his taxes, hobbies and groceries. Just live in the basement or something. NEET for life.

>>23815123

Congrats, fellow bong. You can make it.

There are many ways to turn that money quite safely into millions. I just passed 1mil GBP myself and still feel empty inside, though, FYI.

>>23815123

Please sir buy RSR

>>23815123
Anon, I don't know if you're new on /biz/
but DO NOT UNDER ANY CIRCUMSTANCES put that money into shitcoins, many pajeets will shill their scam here, invest in the stock market, get someone to give you advice, DO NOT, and I INSIST ON THIS, DO NOT LISTEN TO /biz/, 90% of the people here just want to scam you

Sell it and invest 40% in dividend ETFs 40% in market ETFs and 10% in BTC.
Take the last 10%, and move to S.E.A.
You can live there indefinitely on your returns.

A $415k house. What 3rd world country are you from?

>>23816258
Yes OP dont do it. i dont want you to have more than me.

Keep the house, maintain it so that it doesn't fall apart, let it appreciate. In the meantime, you will need to get a fucking job, you will just have 1 less bill and the security of not going homeless. Don't do anything with the house except living in it until you are smarter, or you will get rekt.

>>23815123
don't fuck it up, don't take risks with more than 10% of the value. not a SINGLE percent more.

>>23816420
>In the meantime, you will need to get a fucking job
cuck detected

>>23815123
My condolences on the loss of your grandmother.
Congrats on the house but you are still gonna need to make money to pay for property tax, utilities, food, and other living expenses.

But that shouldn't be too hard to achieve best of luck to you anon.

>>23815123
>vaguely racist

your one sibling is such a victim to today's politcal climate he or her (probably a stupid woman) is actually saying no to 200k, that is SOOO pathological, the left has actually planted mind parasites into peoples heads it's incredible.

>>23815123
Bro congrats seriously
DO NOT FUCK THIS UP FAGGOT
BETTER TO BE EXTREMELY SAFE THAN A FUCKING RETARD

>>23815123
Eh

I'm 27 and I have that much, but I earned it through working and trading

I learned a lot of valuable life experience through work so you're still missing out on that

>>23815293
He can if he moves to a comfy town in argentina-chile-colombia. They have some shit places but also some great ones to live. You people are very stupid sometimes, 400k is a lot of money unless you like to eat literal shit in NYC or something retarded like that.

>>23815123
400k is not made it lol. try 3 million

>>23816972
Cope

>>23815944

Would LOL at this. He would probably get caught putting spy cameras in the bathroom or some chit and end up in prison.

may she rest in peace OP
and as others said, don't let your friends leech off of you, live frugally for a while
learn to invest and for the love of God don't keep your savings in the bank like I did and get broke as balls
also Bitcoin
genuinely not jealous, you seem like a humble bro

>>23815123
PRQ BROOOO

>>23817087
yeah but he might get himself a mommy roommate who makes him tendies for reduced rent

>>23817042
No cope, I just find it hard to see someone as a man if they don't take up responsibilities

I'm in the same place as him except I actually earned it

>>23815293
Philippines. They even speak english.

>>23817136
based
I earned my savings but got fucked by banks and inflation hence why I try to advocate crypto as much as I can
good for you anon earn it and stay based, taking care of your family is the most important responsibility imho

>>23815123
>rejected her share because my grandmother was vaguely racist.
I dont blame her, I wouldnt take money from someone who wasn't completely racist

>>23815293
are you serious?
I had 10k in Lebanon and if it wasn't for inflation and it being worth around 1.2k I would be living lavishly for at least two years
if he stays in the US he would have to invest for sure, hence why I said he should live frugally at first and think long term

>>23815672
why not both?

OP invite me round for your housewarming party, I'll bring lidl beer and top quality flake

>>23815123
your sister is retarded OP lol. Enjoy your new crib

>>23815123
i know that inheritance feel anon.

it feels good, you wake up and feel detatched from reality. getting a sudden inheritance is the best drug there is

>>23815284
>is a financial retard
>calls others retard
/biz/

>>23817773
lucky

>>23815189
Sell it and put everything on BTC with a touch of ZUSD to hedge.

The UK's fucked, you might want to leave too.

>>23815123
>rejected her share because my grandmother was vaguely racist.
I understand that I tore up the inheritance check my gran left for me because she abused me.

>>23815123
>1 post by this ID
every time.

>>23817970
I know right
fucking LARPers

>>23815123
Imagine finding freedom with a shitty house in britain

>>23815123
does britain have property tax? or is there a land-lease type arrangement over there?

how do housing costs work over there? presumably you'd need some small amount of income for maintenance and insurance, no?

>>23815123
>inb4 the taxman comes for his £63.000 (and the real estate broker for his £15.000 selling fee)
at least you'll still have some money left over after the sale so congrats anon!

>>23815123
>GRANDMA DIED IM HAPPY
JESUS

>>23815211
Lmao, we don't pay property tax to our government for the pleasure of owning a house. We're not cucked burgers in civil war. We do pay a council fee but that's hardly anything - thinking your own slice of the planet is the entirety is a way to keep yourself in shackles to it.

>>23815123
Congrats OP, you've actually made it. Rent the other rooms and you're set to neet until the 4th industrial revolution.

>>23816147
How? I'm not too far off (should get there this bullrun) why don't you buy a few houses etc? Or you waiting for 10 mil? Do you still wage?

>>23818343
what's a council fee?

>>23818422
Pays for local schools, fire and police, roads.

>>23818422
It's a contribution to your local council. It depends where you are but I pay around 1k per year, I also have a freehold and so that's all I pay. Home insurance is dirt cheap too I think I pay around £100 a year

>>23818422
It basically is property tax except you pay it regardless of whether or not you own the property. I think it's less than burger property tax but it's arguably even more cucked.
If he rents the place out he can unload it on the tenant though, there is that.

>>23815123
Hi OP. Do this:

Buy real estate. Rent it out for passive income. Move to a different country (Europe might be doable, Latin America definitely will). You live off the passive income and if you want to make extra cash, learn a trade from your home.

Grats.

No income.... You would probably have to rent a floor out just to pay for property tax that needs to be paid like monthly

>>23815123
>1 post by this ID

>>23815123
Thats exactly how it should play out for everyone. Inherit what your ancestors worked hard for so you can pass it on and keep the bloodline alive

>>23815897
>Given that by the time I get my i heritance, the properties will be worth $3M at least - $1M for me - maybe I can relax a little?
I'm also thinking about

Currently a stressed out software engineer that just wants to shift to focusing on working out, banging chicks, and some other fun hobbies. Been going hard through high school, college, and early career.

Feeling burnt out because it didn't lead to the life I wanted, but at least I have an ETH stack.

My family is also retarded and doesn't really talk money. I know my grandpa is a loaded boomer, but not sure how much he's worth or how much will go to parents.

Parents are honestly financial dimwits.

I think I'm going to downshift my effort no matter what. I have ~$200k net worth at 27. I'll either manage to grow that enough to live modestly, inherit a lot and manage it.

Worst case I just do a Smith & Wesson retirement plan which isn't even that unappealing.