/biz/ - Business & Finance

>>29933039

I'm wondering the same thing. 500k not far off for me, but 1 mill, dunno if i can get there

Sounds kinda boring honestly

$500k is like early retirement money but you'll be living off $30k a year

>>29933039
This is pathetic and depressing. Also, it's a post trying to promote some SCAM SITE subtly.

share the webm OP

avoid the city. i am saying this from new york shitty. you will get older and desire more space. better off finding a decent duplex a little bit out of town, renting one unit out then repeating the process.
someone fuck up my idea and/or shill me a better one

>>29933039
250k and i never work again. i want it so bad

>>29933039
so your #1 aspiration is to live in a shitty city apartment? thats depressing.

1 room condo in the city? You could get a loan for a house in the suburbs for that kind of money, invest 2/3 of your cash into ETFs for passive income and go to school with the remaining $100k.

>>29933039

You could encorporate your house, car, and be a social influencer. One room in the house is for non-work (sleep). Everything is a business expense. Then pay yourself $1 as an employee so you're in poverty. Use all the government services available, like food stamps and health care.

>>29933039
If you invest $500k in index funds and follow the 4% rule you'd have $20k to spend each year. You could retire on that in the midwest US, but you'd probably need some kind of part-time job to supplement it.

>>29933039
>stake 100k
>make 13k a year
>get a roommate
>slowly add to the pool over time
>never work
>never be homeless

In reality you definitely will want to make sure you're earning 60 to 100k a year to be happy.

How long will it take me to get to 500k if I only have 75k?

Is there something wrong with getting ETFs in areas that will grow? Rule of 72

>>29933851
If you get to $500k then just gamble it all on a coin that can 2x. Gets you to 1 mil easy.

>>29934421
Not true unfortunately. You need 1 million at 6% to account for long term inflation

> Deposit the other $250k on celsius.network and make $2200 a month.
k, but what will you do in the next bear market and crypto dips 50%+ again?

>>29933039
$500k in an ETF will net you roughly $15-20k per year from dividends so you can live either in the shittiest apartment you can find and just "exist" without doing anything or set up a tent under a bridge somewhere and collect gibs from the bank instead of the govt. You'll need more to actually do anything

>>29934580
Worst advice ever. Imagine losing your make it money over Wynaut or Hoge.

>>29934695
The S&P 500 index increases in value with inflation, that's part of the premise of the 4% rule.

>>29934833

If he lived overseas, he might make it work

>>29933039
$500...... U need more than that anon

>>29935252
This is my future goal, so I can experiment with different careers and income streams while having absolute basic living expenses covered to fall back on if shit goes south. Feels bad how this amount of money takes like 30 years to build up for people with no debt and almost impossible for people stuck with debt.

>>29933039
5 bucks is enough to last you the rest of your life, if you're suicidal enough.

>>29933039
>in the city
why would you ever fucking do this you retarded dipshit

>>29934270
i cashed out 250k and bought properties that post-taxes have like 6% ROI per year
I'm making $1.3k in passive income and i feel like i'll never make it
what would you differently to never work again with this kind of money? because i clearly failed

>>29934580
No! My heart rate just went up reading this

>>29934580
nigga what are you doing

>>29934833
Whats the point in a shitty ETF when celsius gives gives 14% APY?

>>29933039
>$250k on celsius.network and make $2200 a month
Stablecoin lending rates fluctuate and operate on a supply/demand basis. So once every nigger does it the earning will plummet. You could get dividend stocks in international markets to de-risk yourself from the stablecoin lending market, the US dollar and the US in general.
>buy a 1 room condo in the city
How big of a city are we talking and where? Cities are becoming dystopian hell holes full of crime and niggers with high costs of living in current year clown world. The only reason you really want to be in a city is to wage cuck. If you going to expatriate from the west then this actually becomes a much better idea. If you want to "rail a tinder broad" you'll have a much better pool in an EE/SA/SEA city with a much lower cost of living. You'd be able to get a better apartment for only $100k and your stablecoin lending would be far above the average wage for example. You could live like a king instead of just a kang.

>>29934790
Stablecoins give 10% APY

>>29937109
Someone please tell me why I shouldn't do this, because 10-14% APY sounds pretty sweet

>>29938426
more reward = more risk

I live in eastern europe, made 500k and dont need a job ever again here and got a decent place for 100k and low interest 20 year mortgage. I keep 10k in cash for living expenses, put 50% in safe boomer investments and the rest back in crypto to try to get fuck you money.

>>29937121
Holy based

>>29938690
Based, you made it with crypto or other kind of investment?

250k for a condo? are you for real? hoa is probably like 5k/mo lmao

>>29938426
Celsius is unregulated and can walk away with your coins any day they want. also this >29937121
rates aren't stable

>>29938818
crypto only, started with my own $5k usd, got a loan of $3k from my parents a week later and sold anything worth of value i had to buy more. its been a long road but it paid off,

>>29938863
14% for lending your coins is actually low

>>29933039
If you are living by yourself as a single male you can probably neet forever with only 250K. The biggest drain on your networth are women and kids. If you want to found a family and you don't want them to get raped by niggers then you need atleast 2 or 3 million and own land as the bare minimum. That being said, what a lot of white people don't understand is that family support counts for 4-5 million in the bank. A family that works together can raise 20 kids without any problem. That's how the Mexicans do it.

>>29938690
where in eastern europe? this was pretty fucking based.
>>29937121
taiwan real estate looks absolutely amazing. seen some youtube videos of apartments/condos for $700 a month and i die a little inside thinking about how much new york shitty openly fucks me

>>29939189
sure you can get 30% with Waves. but if you don't trust Celsius, you certainly won't trust Waves.

>>29933039

A $300 a month BMW with. With 300 a month car insurance

No warehouse job pays 500 a day for 1 day a week work

Maybe you can make 500 doing door dash food delivery putting mikes and wear on your car

>>29939276
>taiwan
China's probably going to take it in the next 5 to 10 years

>>29939352
its a trusted exchange

>>29939276

You would be able to breed the women in Taiwan

>>29936729
Kek

>>29934108
Celsius is a legit platform, they give like 12% interest on holding stablecoins and 6% on BTC. Voyager and CRO do the same thing

>>29939511
which is, Waves or Celsius? would you trust either with your only $250k?

>>29937121
>You could live like a king instead of just a kang.

lmao my fucking sides.

>>29933039
Why would you spend 250k on a cuckbox in the city? You can easily get full size homes with yards for that price.

>>29939276
Not saying country, I have friends who browse biz and I dont want them to recognize me.

>>29939552
this, taiwanese women are very open minded. in Taiwan if a girl goes to the club it is to fuck. it's the expected outcome, none of that going out with my friends to party bullshit. they know why you're there and they know why they are there.

>>29933039
Most of the passive income stuff only works when crypto is inflated by a bullrun.
When the bear market hits next year, the crypto you will be paid will be worth 1/10th the dollar value per month, and your 250k will be worth 25
Now is the time to make enough to set you up irl, and create some income streams outside of crypto with the money. When the bear market is in full swing, then you start putting money back in crypto

>>29933039
"Do you literally only need... to never work again?"

"Maybe live like a poor person and potentially get a job"

what? fucking useless thread

>>29939774
This

>>29933039
Lmao no you need more than 2k/month to live. Thats like 1500 after taxes. And you're trusting your money with some Jewish ponzi scheme. And you're not accounting for inflation. You can probably retire with $2-3M after taxes, but there are far better ways to invest your money than Celsius

>>29934959
>buying a fucking meme token
He means an actual project you sped. Anyone who invests in shit named after a Pokemon deserves their rug.

>>29933039

you already made it anon, technically, if you already conceptualize such figures at your age.

>>29934250
get a triplex instead

Sometimes I get prettty depressed when I realize that FIRE isn’t realistic for even most frugal savers. I make $80,000, am 27, and have about $90,000 sin savings/investment and $60,000 in retirement. I still don’t see how I could retire by 40, which is something I really want to do. I don’t plant on ever getting married or having children, so maybe it will be possible.

>>29937121
It's not 1990 anymore lads
EE is priced out by western white flight
200-250k usd for apartment here

Don't get memed by 150k for dirty used up boomer dwellings that require 30k-40k to renovate and still will be old

Then you are fucked without passive income or fully remote job since salaries are quite low, median being 1k usd per month.
Girls are hotter and smarter than any other. But if you're not 6ft4 and blonde, you can only afford to date gypsies

>>29940157
FIRE is bullshit. you need to add value to consumers by starting a business. the only purpose for which you should save is to start such business. not to invest in low-yield ETFs.

I'm stuck helping my parents pay off their stupid $500k mortgage at the age of 31, I have 0 savings and 0 investments, all for the promise of inheriting the property, which will probably happen when I'm 60. They are adamant that a life not spent working until 65-70 is a life wasted and disapprove of my plans to be financially independent, I am at a loss as to what I should be doing

>>29940157
adjust your life expectancy targets. if your retirement only needs to last to 2040, you can certainly retire at 40

>>29939771

If you go to Taiwan,Thailand or Phillipines breed the women condoms are for losers

No pulling out impregnate those women

>>29937159
For now

>>29940442

Sounds like you would be better off living in your car and working at a amazon warehouse for $15 an hour and fucking truck stop hookers on the weekend.

>>29940497
not a fair list, Taiwan's HIV rates are very low and their women (and streets) are clean. I'd much rater fuck bare in taiwan than any SEA shithole.

>>29934695
Friendly reminder actual average stock market returns are 10%. The reason why people use 4% as a safe drawdown is because the real (inflation adjusted) return amounts to 7% usually and we don't want to dilute our principal.

>>29940599

The people who get aids in Thailand are those that fuck transvestites and men in the anus

You Dont get aids from good old fashion Dick in the Pusey sex especially in Taiwan


Charlie sheen slept with over 500 women never got aids fucked a transvestite in the as in Vegas and got aids.

>>29934101
Only if you do absolutely nothing after you've made it. If you have 500k and lets say at most you spend 300k on paying off a house and car(That would be the far upper range) You would still have 200k to invest and speculate with. Should be easy with that kind of capital to make decent money swinging safe altcoins or even opening up a small business.

>>29940442
the fact that you're still letting your parents tell you what to do at age 31 makes me think you're just in the right position where you need to be at.

>>29940772

The original poster does not even have 30k in the bank account

Make money and cream pie pussy

>>29940442
RUN

>>29940812

Unless he is religous like church on Sunday

There is no reason for him to live the way he does

>>29940442
what were they paying when you were a child?

>>29940442
where are your balls, faggot. it's your life to live.
>>29940754
yes anal sex increases transmission by a large factor. still, much rather try my luck in a country with far fewer cases and decent looking women

>>29933039

You do know you can make 80k or more a tear being a BMW mechanic?

If you own a garage that specializes in German cars and have enough lifts you can make a million a year

come to brazil and it's 30k

>>29941059

In Brazil you will get murder by niggers

Too much nigger crime in brazil

>>29934101
If you own your house and car outright and have no debt and are single, $30k/year is more than enough.

>>29940442
ghost them you dumb fuck. if you live with them and leech off them, then you have nothing to complain about. just lie about how much you’re making and save money.

>>29934108
Yeah, Celsius is scammy as shit. Fuckibmng cringe post.

How can a company offer 1% interest loans, (undercollaterlized) and offer 13% on liquidity? You're actually a brainlet if you think that's real.

Use blockfi. Blockfi does 6% lend, 13% borrow. Obv that's how a business works. Morons.

>>29933039
>condo
Don't do that.
If you're trying to get out of working for a living then you'll want to avoid recurring fees like the plague. Get a small thoroughly inspected house instead. People will try to scare you off with the looming specter of maintenance costs but the reality is unless you're an idiot who falls for that "your roof could be damaged; let us do a free evaluation" scam marketing flyer roofers leave in your mailbox after every hailstorm you're only going to deal with an expense or two like fixing a roof or getting a new furnace once every 20 to 30 years or so, plus a lot of it is something you get paid by your home insurance company for anyway, or if you rent out part of your house you could even do tax write-offs for some of that as business expenses.
Only time I would recommend a condo is if you're on your 60s or older and just don't want to deal with lifting a finger for anything between then and when you die. But I'm a really lazy guy in less than perfect health (fucked up intestines from ulcerative colitis) and even I have no problem taking care of my typical suburban single family property.

>>29940442
is your family from Asia?

>>29933039
>500k
bought 3 condos for 90k cash total a decade ago. rent to retard city fags for 1600/mo to 2k/mo live that rural retard life for free.

>be OP
>have no health insurance
>die

>>29934959
My dude those were decent at the time but you literally shouldn't invest more than 1k on meme coins from the BSC, there are early buyers thirsty to eat any large pumps, it'd just make you lose your money.

>>29941261

Op doesnt even have 10k

He is just daydreaming what he would do if he had 500k

>>29940097
Might as well go to a casino

>>29934274
His no.1 aspiration is to have control over his own time.

>>29934217
This

>>29941197
It is taking 100% of my money, they are unemployed at the moment thanks to covid.
>>29941373
Yes, they immigrated before I was born, it's not like I'm being abused or anything, I'm just truly at a loss as to how I'm going to go about living my own life. I have never once had any meaningful contact with a female outside of my family and they are wanting me to have grandkids. They are out of their minds, I have barely enough funds to support our current situation.

>>29933039
retire at 500k, move to a developing country and live like a king

Inflation will eat you alive trying to live passively at 500k. You could live off the passive gains at a mil as long as you don't plan on having a family. If you want to live comfortably with passive income (family, 2 vacations a year, actual nice house and car instead of condo and beater) you either need to have a mil and reinvest 20k of it every year, or have 1.3 mil.

>>29933039
You call that making it? That's damning yourself to being a single middle aged man. When a woman you like comes about she'll realize you don't have enough worth to raise a family. You need enough to buy a house in a decent area with additional rooms for a family, and have a steady enough excess of wealth to support a family, which isn't even much. Kids don't cost more than 1k a year each, clothes and food are not expensive for them especially considering you can get welfare with kids. That whole "kids are expensive" meme is anti-white birth propaganda. But if you want to live like a loser by all means, sure it is easier. You should look into a career instead, you millennial always try to skirt things.

>>29937109
You're right, I heard this guy Madoff offering returns that even beat that, you should give him a call

THAT’S THE END!!!
LMAO
I GET WHAT TO DO
YOU WILL STAY POOR ON THIS BIZ
JUL FARMING ON JULSWAP
2300$ FROM 33000$ FOR A MONTH

>>29934371
Kekd

500k would get me semi retired. Ill be happy to wagecuck 20h/week to supplement

>>29933039
GRUG NEED SOURCE, GRUG NEED COOM

>>29941442
Gotta start somewhere I guess.

>>29936729
1.3k isnt bad just not enough to stay unemployed. Its why my plan is to amass as much wealth first than jump into more passive investments like real estate.

>>29934371
>Then pay yourself $1 as an employee so you're in poverty. Use all the government services available, like food stamps and health care.
This is potentially viable long term in America but only if you're a woman with a kid or two.

Could i make a smart contract with girls as legal proof that i got consent beforehand

>>29942465
No, modern leftist ideology teaches that women can decide you're a rapist no matter what you do or don't do.

>>29940442
Nigga, what are you still doing there? Matter of fact, how do you even expect to help them with 0 life savings?

>>29933039
Ive been doing this for years retard. Welcome to the good life.
Minus Celsius obviously wtf i dont just pornographers i use harvest.finance

>>29934425
Im staking 350k eth making 2k average at this point...

>>29942526
and even if you record everything you can't use as evidence because laws prevent you from recording without consent. basically every time you fuck a woman in the west you put your future at risk

>>29940336
this 100% take crypto gains and start a business it's pretty easy these days with the internet

>>29933039
You can basically rule out any advice that says something about still investing in crypto. Fucking thrill junkies. Move to Florida or another place that is easy on taxes and get a diversified portfolio and that doesn't mean 3 different types of stonks! It means different markets so when one is down, the other is usually up. Stocks, Bonds, Derivatives and Annuities. Your side hustle can be a small business or something you choose your own hours like UberEats, Food Truck, Owning a take out restaurant, or barber shop (make it a salon and just take care of the bookings for the girls you hire straight out of beauty school).

>>29940951
Separate from them anon. You have one life choose how you want to live it

>>29942638
see
>>29941617
I have income, it's just it goes 100% to my parents at the moment, and they are losing job prospects because of their age.

>>29942675
>basically every time you fuck a woman in the west you put your future at risk
In fact every time you're in the same room as a woman you put yourself at risk. Mike Pence had the right idea.

No. You need something like $5 million if you don't want to be living a poverty lifestyle and be able to cover incidental expenses like healthcare etc.

>>29933039
I need the source OP, my cock is T H R O B B I N G

>>29943261
>basic white bitch
shit taste

>>29941617
get a mail order bride. best decision i ever made. they come in all races, dont need much and alot of times love is found. give it a try bud. if your not good looking thats ok. it works for people the rest is fud.

>>29943416
> shit taste
> ‘OMG WOWZA A CHINKY ASIAN THATS FILLED WITH SEXUAL DISEASE I CANT WAIT TO BREED HER’

Fuck off autist and give me the source so I can coom into a jar and send it to you.

>>29933039
>$500
>one day a week
>factory

>>29933039
>Cash out $250k and buy a 1 room condo in the city, do not need more as a 21 year zoomer, good enough to rail a tinder broad. Deposit the other $250k on celsius.network and make $2200 a month

You already fucked up. You deposit the 500K and get 10% on stable coins I.E. 50K a year and get an FHA mortgage at like 3% down payment on a duplex. Some LPs will net you upwards of 15% on stablecoins depending on volatility of the market.

>>29941215
>How can a company offer 1% interest loans, (undercollaterlized)

They are massively over collateralized (50% or more) and you don't earn interest on the collateral. 12-13% is only if you take payment in their CEL token which costs them nothing to produce. 10% is typical and if you can figure out actual DEFI instead of CEDEFI then you can make like 15-20% on stablecoins routinely. Celsius is fine. Chainlink team has hundreds of millions of their holdings on the platform.

>>29943580
stop projecting virgin.

>>29944424
Mad that your diseased Asian kink got called out

>>29933039
What was her name? Used to followe her on tiktok

>>29944489
Please tell me she doesn’t just do stale TikToks, I was hoping for porn or OnlyFans

>>29944571
I remember she deleted a bunch of her tiktoks. I dont think shes active anymore plus i think shes in High School

>>29944476
I'm not into Asians and even if I were, it's better than being a literal pedophile. You ought to be put down like a rabid dog

>>29944605
>shes in High School
OH NO NO NO NO

>>29933039
who is this? super hot

>>29944798
Dustin Diamond

>>29944489
>>29944571
>>29944605
>>29944715
>>29944798
Just remembered. Her name is Gander

https://www.instagram.com/_gander/

>>29945011
God bless your perfect soul, anon. The hall of NEET’s will welcome you in the afterlife with soda, tendies, and unlimited hentai.

ATTENTION EVERYONE WHO THINKS THAT ALL OF THESE X% RETURN MONTHLY/ANNUALLY CRYPTOS ARE SUSTAINABLE:
YOU ARE INCREDIBLY FUCKING RETARDED. You are falling for the most obvious scam possible. "Guaranteed free money forever" is not possible. Ever.

>might as well use Indian language pajeets
>500k
wtf lads, where the fuck are guys from?
fuck off

>>29933039

Yes.

Once you have paid off everything take about 100k and gonon etrade and sell covered calls.

You can net a montlhy income of about 6k pretty easily using an options screener and selling shit 2 weeks out about 15% of your buy rate

>>29933039
eh, maybe, but you'll be living very poor lol.

>>29933039
psh celsius network? didn't that fuck people over once already? might as well switch over to DHT because.... well you know
or atleast you SHOULD know

>>29933039
I lived in a one bedroom apartment with multiple people for 15 + years, it's a miserable life, don't be stupid.
Don't live like a cockroach just for the sake of it.

>>29933039
Sounds nice. Only problem? You’re gay.

>>29945011
bless, thank you anon...

>>29938863
>>29940067
>>29941215
>>29942639
>>29945777
lol doesnt chainlink use them as treasury management for yield on their BTC/ETH holdings?

good enough for me if sergeys got 100s of millions in there

>>29933039
It's amazing how if you lower your standards to the absolute most shit tier possible you can "live" off significantly less! You're a fucking genius.

>>29933039
Nobody is going to mention (besides the scam site) that $250k is not enough for a condo in any major city, and that making $500 per day doing warehouse work is ridiculously high? Obviously OP is not from the US, or is in high school

I doubt the APY will stay that high as more and more people get into crypto.
Less need to attract people to hold their crypto in your savings account of choice

>>29945011
respectable
show me the goods?
>>29946523
>>29945130
show me the goods