/biz/ - Business & Finance

>>52983406
You'll actually never catch up to the rise in housing prices over 5 years. You were supposed to make it in 2021, sit on cash until the 2023 housing crash and then buy. Thanks for playing goy.

>>52983406
>$300 left
>rentoid
kek checks out

Just ran a more realistic saving amount of $500 a paycheck. Sure I’ll be fine when I retire with over a million in my 401k, pension, and social security if I don’t get fucked more but what about the in between part.

5 years at $500 a check :/

>>52983439
I currently have about 10k cash and 10k in my taxable brokerage. Long term plan is to move somewhere cheap where houses aren’t 600k. I really don’t know what’s worse, paying some boomers retirement while they vote to shit all over me or getting a loan and paying some fucking bankers cocaine binge with their large noses

>>52983406
The only reason I have any money is because I put everything I had into ETH when people told me it was dead back in 2018-2020. You have to do something like this. My suggestion if you don't like crypto is to put everything into TQQQ and hold on to it until 2025. The fed will eventually pivot and tech stocks will rebound hard.

You have to do something uncomfortable to make it nowadays. Everyone will tell you that you are stupid, or clueless. Don't listen to the FUD. It is your only way out.

>>52983406
There's no way around it anon - you need to make more money. At the age of 30 I'm finally at the point where I'm getting comfortable and I can just exist. House is at 2.5% so I'll pay that off as slowly as possible. Bought my dream car - new m240i that's financed at 3% so that also has no point in paying it off early. My 401k gets matched at 4% and I contribute 6%, I max out my HSA and IRA every year. I also put $250 per month into my brokerage. This is on a salary of $80k after grinding my way up from $48k eight years ago. Shit takes time but you will get there eventually.

>>52984092
Too risky for me, I only buy sp500 now. Lost (small) amount of money on both crypto and options

>>52984293
Sadly I’m nearing my cap. Currently making 30 an hour and my cap at my job is 35. I have no real skills besides work ethic and I’m physically strong. I have two side hustles but they are nothing to working my day off at overtime rate.

>>52985380
>Too risky for me, I only buy sp500 now. Lost (small) amount of money on both crypto and options
Then you're never going to make it. Don't come here on your soapbox and complain if you aren't going to do anything about it. Your other reply to the other poster is yet another weak ass response.

You need to get enough skills through school or trades to make at least $100k a year. Then you live like a poor person and go all in on risky shit for 5 years. Cash out, wait until the fed stops tightening, and repeat. It's not rocket science. You should by "The Book of Money", it talks about how the business cycle is almost entirely controlled by the central bank and one can profit from it by using long time frames and making investments at the right times.

>>52983406
wtf is gross pay? before insurance, 401k, etc?

I make like $600 a week with a wfh job quit bitching. Using hours outside of work to grow ecom business.

t. Faggot who didn’t sell for 7 figures in 2021

>>52985680
Gross pay is what your mother makes being a whore

>>52985707
What do you do? I’m about to start doing tax returns from home for a hundred bucks a pop. I’ve really wanted to try the two wfh jobs at once thing

I've got about 3k leftover after paying all bills/expenses and investing in my IRA yet it will still take 6 years to save for a down-payment on a home in my area (good thing I'm already in a condo at least).

>>52985680
Never had a job? Gross is your tax rate before deductions ranging from taxes, health insurance, pension, 401k, etc. Net pay is what your check that hits your bank and is significantly smaller depending on where you live. I do 10 percent to a roth 401k which is a decent chunk but my take home for every dollar I earn is under 60 cents.

>>52985526
I’m ok with risk, most would say a 100% sp500 profile is too risky, but throwing it all in in crypto or leveraged etfs is too retarded for me. I lost about 3k doing options. Not a huge amount but enough to show that it’s way to risky. I personally think crypto has very few real world uses. If Bitcoin ever drops below 5k I’ll pick up one but never any of the other.

>>52986030
My ATH was 1.5MM, lost 500k. Down more in stocks, just chilling. 3k is nothing. You have to take risk to make real money.

Lmao fucking brokie loser

>>52983439
>Kek, checks out.
Fixed that for you, retard.

OP you only make $30 an hour, with no bonuses on top?

Of course you will never make it, you don't make any money. You should be generating at least double that income to even think about success

>>52986497
You’re right. That’s why I’m getting M.S. Compsci

>>52985680
Yes

>>52983406
I make $6k 2x a month after tax and I save nothing. Family of 4. I don’t even know where it all goes most of the time. Seems to just disappear.

>>52985526
I just ordered that book for $5. Is it a good read?

Imagine exchanging 40 hours a week for worthless pieces of paper glowniggers print and burn everyday

>>52987049
Yes. It’s a bunch of journal articles and a little outdated but it’s a very good read. Everything they say particularly about the fed is still true.