/biz/ - Business & Finance

go microblog somewhere else
didn't read

Leave USA and boom, instant rich!

>t. 14 year old with 3 digit account

>>54824128
T-bills

>>54824128
At this point we have 7 figure hell too, can't really retire on $8,000,000 anymore with how uncertain inflation has become.

>>54824155
Seethe Seetherson

>>54824227
Aren't these potentially going down sorry im retarded

>>54824308
Are you from one of those countries where the comma is used as a decimal point, or is that a five figure sum?
also herbs in all fields

>>54824339
That's a 5 figure sum. It's my playing money Anon. What do you recommend I split it into?

The 8 digit abaddon is worse

>>54824373
I'm in a similar net worth range but have a lot of it locked up in real estate in a cheap area i moved to. I work remote, but make less and work a lot less. I don't care about getting fired but before i was type A super achiever. So it's more like 6 figure heaven for me. just need to design your life better imo. what goals do you have? I'm happy just having a decent home, not perfect, and going on spontaneous trips whenever i want, having kids, being comfortable. yes, i still wage but its really different. im basically a consultant and work part time at best.
I gamble with way less money than you, im hapy to keep most of my money in real estate even if it drops because its livable/rentable.

Six figure purgatory here as well. It’s mediocre but it beats being broke. If I were broke I wouldn’t have to pay taxes and could leech off the state but having to pay rent forever would be a constant source of demoralization. Like a dark cloud over your head for the rest of your life. Although your problems are simple when you’re poor, you really only have one problem.

>>54824672
With 8 figs you can have a very comfy lifestyle and never have to work again. OK maybe you can’t just buy a yacht whenever you want but what is there to complain about?

>>54824843
I think the worst part of it is you lose the motivation. If i was broke right now, I would be 1000x more motivated to flip cash, start a business I can scale, and I know I would do it. Being comfortable sucks. That's why I'm glad I started having kids, it puts some pressure on the situation.

>>54824879
>Being comfortable sucks
Fuck you then. Give me your money.

>Noooooo I need my money I have to be comfy, can't give it away
One easy ask, to expose rich faggots pretending not to enjoy not having to wage slave.

>>54824732
I'm unemployed now but yeah. I don't need much to survive. I can't move to a different state though because I have some obligation to stay near my family (don't ask)

>>54824879
definitely fucks with your motivation

Low 6 figures here. I still rent, am I fucking up? Everything is so expensive and I guess I'm what you'd call 'new money'. Most of it is in crypto still.

>>54825029
I'm still renting, I want to buy but wtf can i even buy right now, besides the fucking crackshed on the flood hills being spam posted here

>>54825116
Yeh idk I was thinking of buying land with some cash and building later or even making my own crack shack. I'm still working but am looking to wind down to part time and hopefully full wfh for some freedom in where I can be.

>>54824327
Only returns can go down. The way they're designed is that you essentially buy $100 bills at a discount to be paid out at a later date.

>>54824128
>500k
>I'm scared to invest it and make any more
>arrghh guys helps me I'm totally stuck here there's no way out reeeee

>be me
>~$500k net worth
>invested in only total stock market index funds
>Add $23k to my investments over the last 3 months
> Have less money than 3 months ago

It's a slow grind. Only 10 more years of this.

>>54824128
>Not enough to buy a house
Is this true? SFH in Manhattan, maybe, but.... You can buy a home, dude. I'm PRETTY sure that people, LOSERS, get it done with a hell of a lot less.

>>54825684
I don't want to be a slave to a huge mortgage. I can put downpayment if that's what you mean, but in the city, even 600sqft condos cost 750k

>>54825661
i know that feel anon

>>54825339
I think i might start gambling with 5 figs

>>54825177
you have to setup plumping and wiring and all that shit right

Unironically dump it all in wojak and pepe

>>54824128
>move to Thailand for the next 5 years
>spend $30k a year max
>build businesses and yield farm with the rest
This is not difficult and you are inventing problems for attention

>>54826556
hello rajesh do the needful today?

>>54824128
Unless you're in SF/NYC, 500k (presumably was 200kish back in 2020) is plenty for a small house

>>54827038
The only houses in SF for 500k are condos in the mission , or condos on the edge of SF where the nigger stabbings are

>>54825930
>I don't want to be a slave to a huge mortgage.
How do so many retards not know that
1) you can pay the mortgage early
2) you can sell the house with the mortgage unfinished and keep your equity (plus capital gains)
>>54827053
>SF
Ok so you live in an overpriced shithole then. If you can't find work outside of those two cities that's your problem.

>>54827053
>>54824128
WFH. Move out to the countryside, and find yourself a demure tradwife.

>>54827059
My mom is old and I take care of her anon. Her friends and siblings are here. She likes being near her family in her age

>>54827059
>>54827342
Otherwise I'd move to Idaho or something and have a farm and some guns cant even buy a 5th gen glock here

>>54824128
only mutt problems

>>54824128
Hits close to home, I passed 500k very recently and it was all from slow grinding at my high pay high stress tech job. I’m in my 20’s and my friends/family/siblings seethe constantly thinking I’m some rich asshole when I only have 500k. It’s all in index funds, even in a good year I’ll be up by 50-75k at most. No way in hell am I risking this all on pajeet coins. If I get laid off I’ll have to dig in to the savings and start regressing very quickly

>>54824879
Damn, maybe I should knock up my gf to get motivated again as well

People in this topic crying about having 5 figures in the bank while I'm about to literally have to get a below the knee leg amputation because I can't afford a $40 dollar prescription and gauze and Coban.

>>54827349
>Otherwise I'd move to Idaho or something and have a farm and some guns
This could be you, anon

If I had that much, I'd be all-in on high dividend yield stocks.

>>54827464
why does she look so angry

>>54827486
This one might be better

>>54827501
Is that how Idahoian women look?

I'm just going to convince my mom to move with me. She wants to see me have kids anyways

>>54827486
I think that she wants a thinner guy

>>54827510
If you like black girls, then come out to North Carolina. Lots of country black girls, descendants of plantation slaves.

>>54827513
>>54827539
Is this AI cuck porn?

>>54824128
ETH staking yields just over 5% and the overall supply is deflationary thanks to amount of fees being burned. Just go all in staking and you should be able to hodl long enough to get a 3x

https://ultrasound.money/

>>54827501
>>54827464
>>54827548
Not cuck. That black man is her husband.

>>54824128
500k is enough to buy a house with a small mortgage and put it up for rent.

You could also just start a small business.

>>54827645
>You could also just start a small business.
Probably should make it in AI.

>>54827699
>>54827645
>AI
Artificial Intelligence AND Machine Learning.
>>54824128
https://azure.microsoft.com/en-us/resources/cloud-computing-dictionary/artificial-intelligence-vs-machine-learning/#:~:text=An%20%E2%80%9Cintelligent%E2%80%9D%20computer%20uses%20AI,modeled%20after%20the%20human%20brain.

>>54827724
>>54827699
AI is amazing. These AI art generators are addicting, and they look real. It's only a matter of time before OnlyFans will becomes obsolete.

>>54828579
Machine Learning, really

>>54828587
P

>>54828597
Different software

bros I'm 35 and only have 400K networth (mostly in stocks and crypto). Am I doing okay? I feel like a loser.

>>54828649
The older range definitely skews it so you're probably above average, way above the median at least so that should help you feel like less of a loser.
Pretty crazy how different the median and average are.

>56 posts
>nobody said just buy Bitcoin
Are you guys retarded?

I took $60k and went to the Philippines and started up business until I found something that was profitable and tolerable to manage. It took a few tries but it wasn't hard, just a little tedious.

500k is an enormous amount of money. You should consider a wad of cash like that like bundled potential energy to propel your ventures.

>>54824128
Boohoo I have 500k. Fuck you bitch.

>>54824128
Fuck, I hate that guy

>900k liquid
I keep daydreaming about suicide almost every single day

I assume you mean you have $500k USD. And if so you do realize most crypto is still down massively right? Fucking park $100k into decent crypto projects right now and I fucking gurantee you will have 7 figures plus next bull run

>>54834116
>next bull run
Anon, I have some bad news for you. You might want to sit down for this...

>>54834194
>Anon, I have some bad news for you. You might want to sit down for this...
Where do you think that the next bull run will be? Crypto or AI?

AI has been around for just a year, and the use-cases are endless.

Whereas, cryptocurrency has been around for a decade and the use-cases are to buy drugs online and monkey jpeg scams.

It's really a tough decision.

>>54834436
>le ai meme
Lmao. Call me when its actual AI capable of having its own unique thoughts

Is it bad that im comfy with 6 figs? I get to live carefree and build up a strong retirement saving slowly. Yes i still need to wait until im 50 and i still need to keep on investing but that's just secondary. My time wasted working is 4 hours at max and then i get to use all my time however i want without having to be stressed or overworked.
They say extreme poverty and extreme wealth is a curse, im in the middle ground and im happy. All thanks to my memecoins and my ability to chicken out when i know the risk is too high. $PAPA has truly changed my life

>>54832863
nigga im happy with 200 shekels on my pocket

>>54824128
Move to thailand it's more than enough if it's USD.

True, only have 100k and people are shocked.

>>54834686
can confirm. house in thailand to rent is like $150 a month if you stay out of the retarded tourist areas and speak a little thai. also, even if you were rich, its still worth it to get out of the usa. load up on some lambo and gtfo out of brandon land

>>54834806
that's cheap af

>>54834949
the pussy is even cheaper, but if you got a lambo, they pay YOU

>>54824128
>>not enough to buy a house
Where tf do you live? I make $100k and there are houses I could afford.

>>54834983
bullshit

>>54834995
They exist, you just need to stop being a city fag.

>>54835039
nice AI generated image

>>54824128
Im still 5 figs and I don't really care, I stay away from shitcoins, I invest in high-tech coins and I know I will eventually make it. No need to worry about anything at this point.

>>54824128
>Too much to gamble in shitcoins or risk it for 100x
500k is the kind of money you just throw into bitcoin and wait a cycle to get rich. Don't even bother wasting your time on scam shitcoins with the risk to lose it all.

>>54824128
>500k
>emergency fund

You're just a pussy.

>>54834806
>house in thailand to rent is like $150 a month if you stay out of the retarded tourist areas and speak a little thai
I'm planning on visiting there later this year for typical tourist shit but also to get a feel for what it would be like to retire there.
Can you get by with only english? Do you have any recommendations for places to check out? From what I can find online Chiang Mai has a lot of good stuff going for it so that's top of my list and I hate crowds so Bangkok seems shitty.
Also have you lived there for a long time? Is it hard to get packages delivered or costly to upgrade computers like a laptop or anything?
I hear heat/humidity is bad during the summer, do you travel anywhere else during that time or just stick it out?
Would be comfy to live there 6 months and then have somewhere with a similar low cost of living to stay for another 6 months with better weather, and just migrate between them.

>>54827423
Jfc buy pajeet coins, wtf are you even doing. Big moon coming. Don't be Indophobic too

>>54824128
Put that 500K in AVAX and in 5 years you will have it made 8 figures.

This is smart too. Even better
Give turks 500k of your money. They will give you millions back !!!

>>54838319
Yes

>>54824128
You think 6 figure is hell? Try having 7 figures.

>Not enough money to attract a hot girl
>Feel even more like a failure at life because you're richer than all your friends but still a virgin
>Have enough money to stop working but not enough money to do anything cool with it
You need 8 figures to make it these days.

You need to take a big position on a high conviction play. I put $50k into a few arbitrum alts before the airdrop and ran that up to $150k while btc and eth moved like 10% total. It's a different strategy than what you do when you're at like $3k net worth.

>>54840125
with inflation the way it is and the fucked economy, you actually need 9 figures to make it these days.

>10 figure 7th circle of hell
bros i surgically replaced all my skin with a CS:GO mousepad and i still can't find the joy in life...

>>54840125

lol this is where I'm at. Quit my job and enough to live off but have to use a budget for first time in my life.

>>54824128
The brutal truth is that six figure hell now extends up to around $3 mil liquid.

>>54824128
You managed 0 -> 500k, now stop whining and do 500k -> 1000k

>>54840125
i dunno about 8 figures, but you definitely need about 3-4 million, minimum
1.2 million is absolute hell

All of these posts are very funny and all but unironically how does the majority of the population survive on 40-60k?

>>54843528
they are living paycheck to paycheck, on painkillers / booze / antidepressants / adderall, living with 2-3 roommates or their parents, and credit card debts up the ass.

>>54843528
very people earning 40-60k are in a sustainable situation, they're essentially borrowing from their future (no retirement savings, carry loans/credit card debt, etc.) to survive for the next year

>>54824128
Just move to a third world country. You can live in that places with 800 dollars monthly like a prince

>>54837567
probably the best reply in this shitty thread

I'm not sure of my net worth, probably around $250k. Are you counting retirement funds that you can't access?

>>54840125
Wow I'm in the same boat. Low 7 figs is true hell. That's when you really realize money ain't shit unless you make it big time into the 8fig+ ball park. You described all my thoughts eloquently anon.

Even if I wanted to marry a girl eventually I'd have to work on starting a career and wagecucking because that's the security that they ultimately seek. I wish there were hot blonde escorts where I live, would solve most of my current problems.

If your net worth is over 7 figures and you're under 40 you're doing fairly well, as far as I can see. Your annual return would be more than a lot of wagies earn.