/biz/ - Business & Finance

kill yourself

>broke
>75k net worth
Faggot

>>55115256
Tristan Tate literally said if you have 1 million in net worth, and that could be a 700k house paid off, a few cars, and a few hundred grant in stocks... that's broke. So if 1 million is broke then 75k is definitely broke.

>>55115279
Can you believe you typed all this knowing it’s all fake and pointless? I wonder if half way through you thought, why am I doing this and almost stopped. Well here we are you fag, what response was your end goal?

>>55115185
good post anon, you remind me of myself eight years ago. Here's some line-by-line advice:

>earn $82k as a financial analyst
not great, not terrible. Presumably you're one or two promotions away from a manager role making six figures. Consider branch-swinging to a similar role at a different company to increase your income if they don't promote you to manager after three years.

>net worth: $75k
great nest egg for being less than two years out of college, you should be proud of that

>$12k in checking account
too much. You should only keep as much money in your checking account as you need to pay one month of credit card bills + rent. Keep any more in there and you're throwing away interest income for no reason

>25k in GICs
you're 23 years old, you have literally an entire lifetime of human capital to sell; why would you be investing like a 75 year old man? Stop investing in obscure downturn protection insurance products and just buy the S&P 500 like the red-blooded young man you are

>$5k in gold, $5k in silver
not a good investment but it's fine as long as you don't put any more money into it; I got rid of all my silver three years ago when I realized it's a waste of time

>$5k in BTC
smart, though I'd allocate more since you're young and you have ~50 working years left to cover any losses

>Don't go out to eat ever, if anyone asks me I just say "sorry I'm broke, I have to stay in today"
you should accept invitations to restaurants but refuse invitations to bars. Even at nice restaurants you can find something to order that costs $20 or less, so if you drink water and don't order an appetizer or a dessert, $20 is a reasonable price to pay for hanging out with friends. Whereas hanging out at the bar you're expected to spend much more money. You need to accept at least some of these invitations because it's easy to forge friendships now but it will get harder and harder as your peers buy houses in the suburbs and get married.

>>55115458
Why would you seriously reply to this?

>OP is a faggot

>>55115458
I believe the S&P500 is overvalued right now and don't want to buy in before a major correction.

>>55115472
>someone trying to learn instead of just buying shitcoins
this place is crab mentality turned to 11, who cares if he's a little cringe

>>55115506
About 3.7k a month.

>>55115458
One question is I don't know how anyone will move to the suburbs within 10-15 years.

The reason im doing this is because it's my dream to get a suburban house one day, but I calculated it will take about decades to save up for a down payment because of strict lending standards. So if I can't afford a down payment i don't know how anyone else wil.

>>55115387
there is merit in the idea that some dude is gonna read through this bot post and take it to heart.

The Tate brothers built their fortune off of industries that if operated in the United States would result in them being charged with multiple violations under the RICO act. They ran whores online and in brothels. They then used these women to compromise key politicians in order to obtain gaming licenses in Romania for their casino operations. Prior to that Andrew and Tristan both hint towards being affiliated with people trafficking narcotics.

It's very likely that they operate a criminal organization but they've done a very good job at washing their hands.

If you want to make money, start a membership and charge $20 a month. Then just get 1,000 dudes to join

>>55115185
>>55115458
>Buy raw ingredients and cook my own food to save cost
good habit; I wish I had started doing this earlier. I mostly eat instant pot stew and sous vide steak when I can find steak on clearance. Sometimes I bake, but bread is horrible for the body so I try to do it sparingly. However baking bread is actually insanely cheap in terms of $s spent per calorie.

>Cut out alcohol, the only drink I have now is water, and OCCASIONALLY milk for nutrients
I couldn't live without milk in my tea/coffee; I even buy premium milk instead of cheap milk. It's 100% worth the added expense. But yeah I'd never drink a glass of pure milk.

>use a 2017 Macbook and a 2017 iPhone
lol I use a 2013 iPhone and a desktop I built in 2015 for $900

>>55115185
>Take cold showers for both the health benefit but also to save money on the water bill
sorry but this is insane; assuming you're in the USA it costs like $0.50 to heat water for a ten-minute shower; taking a cold shower to save fifty cents is bizarre and obsessive

>Have a roommate to split rent
good work; this is one of the biggest financial levers you can pull. Works even better if you're dating/married to the roommate so you don't have to find a new roommate later.

>Never buy new clothes, haven't bought new clothes since I was in college
find some thrift stores in your area and start perusing the clothes racks regularly. My early 20s wardrobe was all clothes that I bought used from thrift stores, yet they were fancy brands like Banana Republic, Neiman Marcus, Lands End, etc. If I found something where the shoulders fit nicely but the sleeves were too long and/or the stomach was too big, I'd take it to a Vietnamese tailor who would tailor-fit the clothes for another $5. So I would spend $10 or less on fancy clothes that fit my body like a glove.

>Don't use AC or Heater
reasonable behavior if you live in San Francisco where the temperature hovers between 60 and 80 all year, deranged behavior otherwise.

>>55115279
You're a faggot for listening to that mutt

>>55115615
>good habit; I wish I had started doing this earlier. I mostly eat instant pot stew and sous vide steak when I can find steak on clearance. Sometimes I bake, but bread is horrible for the body so I try to do it sparingly. However baking bread is actually insanely cheap in terms of $s spent per calorie.
Based

>I couldn't live without milk in my tea/coffee; I even buy premium milk instead of cheap milk. It's 100% worth the added expense. But yeah I'd never drink a glass of pure milk.
I don't drink coffee.

>find some thrift stores in your area and start perusing the clothes racks regularly. My early 20s wardrobe was all clothes that I bought used from thrift stores, yet they were fancy brands like Banana Republic, Neiman Marcus, Lands End, etc. If I found something where the shoulders fit nicely but the sleeves were too long and/or the stomach was too big, I'd take it to a Vietnamese tailor who would tailor-fit the clothes for another $5. So I would spend $10 or less on fancy clothes that fit my body like a glove.
I'm looking into this as we speak

>reasonable behavior if you live in San Francisco where the temperature hovers between 60 and 80 all year, deranged behavior otherwise.
What? San Fransico is INSANELY hot. I never ever would ever consider using the heater, I only use AC... my biggest vice before is that I used to blast the AC when I would go to sleep, even in the winters, I couldn't sleep without AC

>>55115185
>Run or use the subway if I need to go somewhere
so you live in Chicago, Boston, NYC, or DC because those are the only cities with a decent subway system. Or you're a Europoor

>There's always these massive expenses that just came up. Just the other day, I realized I was out of paper towels
is this a joke? you have $75k saved up and you consider spending $3 on a roll of paper towels "a massive expense"? Anyway you can save money by cutting up old clothes into rags and then using your washable/reusable rags whenever you would otherwise use paper towels

>I installed a bidet to save on toilet paper expenses
you still need to wipe with paper after using the bidet

>even things like toothpaste and shampoo keep recurring as an expense
you can save money on shampoo by not using shampoo. Google "no poo method"

>I bought an electric razor to save on shaving cream
you can save money AND time by letting your beard grow out and then going to a barber once every two months to cut your beard and hair in one session. However you're 23 so your beard might not look very good right now; it keeps getting thicker through your 20s so you might have to wait before you can rock a decent beard

>The banks said they won't loan money for a mortgage until i have significantly more money and a significantly higher income
that's normal; would you lend half a million dollars to a single dude with less than two years of work experience? no you wouldn't

>I believe the S&P500 is overvalued right now and don't want to buy in before a major correction.
people have been saying this since 2012 and the S&P has 4x'd since then. Swallow your fears and invest. Besides, we live in inflationary times, so holding cash or holding investments with a fixed payout (e.g. GICs) will burn you when inflation is high, whereas stocks keep up with inflation so you're protected from inflation risk when you invest directly in stocks

>>55115543
>I don't know how anyone will move to the suburbs within 10-15 years.
millennials like myself grew up being told that boomers screwed us and we'd never be able to afford a house or have kids, yet many of my peers are now homeowners with kids; somehow the math just works out

>it's my dream to get a suburban house one day, but I calculated it will take about decades to save up for a down payment because of strict lending standards. So if I can't afford a down payment i don't know how anyone else will
maybe you need to run the numbers again because if you saved $75k in less than two years, you'll be able to buy a house outright -- no mortgage -- in less than 10 years. Or you'll be able to put 50% down on a nicer, more expensive house.

>>55115786
>so you live in Chicago, Boston, NYC, or DC because those are the only cities with a decent subway system. Or you're a Europoor

Not even close, Toronto

>is this a joke? you have $75k saved up and you consider spending $3 on a roll of paper towels "a massive expense"? Anyway you can save money by cutting up old clothes into rags and then using your washable/reusable rags whenever you would otherwise use paper towels

Cheapest paper towels within walking distance are $12, and it's not the one-time purchase that's an issue, it's that every few weeks I need to buy a whole roll.

>you still need to wipe with paper after using the bidet

Wut? No the whole point of a bidet is you don't wipe.

>no poo method
High IQ idea, but then I'd still need to buy baking soda and stuff, have to analyze which is more expensive.

>you can save money AND time by letting your beard grow out and then going to a barber once every two months to cut your beard and hair in one session. However you're 23 so your beard might not look very good right now; it keeps getting thicker through your 20s so you might have to wait before you can rock a decent beard
My boss wouldn't let me grow a beard. We are clean shaven, it's not the culture in finance.

>people have been saying this since 2012 and the S&P has 4x'd since then. Swallow your fears and invest. Besides, we live in inflationary times, so holding cash or holding investments with a fixed payout (e.g. GICs) will burn you when inflation is high, whereas stocks keep up with inflation so you're protected from inflation risk when you invest directly in stocks
You're two years late, the FED nerfed inflation, they are now reversing the money printers, and inflation is back to nothing. Stocks that are predicated on continued money supply increases are going to fall as the economy realizes that with a decreasing money supply, earnings fall too.

>>55115862
The cheapest rat infested house is $850k, and by then it will likely be higher, I don't know how you could ever buy one in under 10 years outright.

>>55116266
>Cheapest paper towels within walking distance are $12, and it's not the one-time purchase that's an issue, it's that every few weeks I need to buy a whole roll
so do what I said and cut up old clothes into rags that you use instead of paper towels and then wash dirty rags with the laundry

>Wut? No the whole point of a bidet is you don't wipe.
next time try going in with some toilet paper after you use the bidet. You will find that there's still poop residue on your anus. If you want a 100% clean asshole, you need to use the bidet and then use paper afterward to remove anything the bidet left behind. Bidets reduce how much TP you have to use, but don't eliminate the need entirely.

>I'd still need to buy baking soda and stuff
nah man literally just stop shampooing your hair; that's it. Your hair will reach an equilibrium where your scalp produces oil at the same rate that the oils get washed out of your hair by hot water in the shower. The resulting effect is that your hair has some oil, but not too much -- it looks like you conditioned it, and it will hold shape naturally as though you used hair cream.

>My boss wouldn't let me grow a beard. We are clean shaven, it's not the culture in finance.
I worked at Goldman Sachs with a full beard but I will admit that it's not the Harvard look

>You're two years late, the FED nerfed inflation, they are now reversing the money printers, and inflation is back to nothing
oh my sweet summer child

>>55116406
>so do what I said and cut up old clothes into rags that you use instead of paper towels and then wash dirty rags with the laundry
Will do.

>next time try going in with some toilet paper after you use the bidet. You will find that there's still poop residue on your anus. If you want a 100% clean asshole, you need to use the bidet and then use paper afterward to remove anything the bidet left behind. Bidets reduce how much TP you have to use, but don't eliminate the need entirely.

But toilet paper doesn't really work, that's partially the reason I got a bidet as well.The bidet literally shoots water up my asshole to the point where I can hold it in and shit it out. I can't see how toilet paper could ever get that deep in there. I keep using the bidet until there's no more residue.

>nah man literally just stop shampooing your hair; that's it. Your hair will reach an equilibrium where your scalp produces oil at the same rate that the oils get washed out of your hair by hot water in the shower. The resulting effect is that your hair has some oil, but not too much -- it looks like you conditioned it, and it will hold shape naturally as though you used hair cream.
Really? How long does this take, because I don't want the hair to seem greasy.

>I worked at Goldman Sachs with a full beard but I will admit that it's not the Harvard look
Yeah, I mean i may not be FIRED but I want to be respected by my colleagues.

>oh my sweet summer child
I actually just heard a talk with a famous economist, one of the most famous in the world actually. He said that inflation for the past 12 months is around 2.7% now. That's very close to the 2% target.

>>55116450
>How long does this take, because I don't want the hair to seem greasy.
Google says six weeks but YMMV. You could transition by only shampooing every two days, then every three days, then every four days, etc. Or dilute your shampoo with water and gradually reduce usage that way.

>inflation for the past 12 months is around 2.7% now. That's very close to the 2% target
US government debt is currently at 120% of GDP. When you were born it was at 58% of GDP. Even in relative terms, the debt has more than doubled in your lifetime. Right now the US government spends $3 for every $2 it collects in taxes. Do you believe that America is somehow going to cut spending by 1/3rd and start paying down the national debt? No, of course they won't. Nobody gets elected by promising to cut spending and increase taxes. The only realistic option is to inflate away the debt, and/or to keep interest rates as close to zero as possible so the government can continue to borrow infinite money at near-zero cost. Which will cause more inflation. It's just an economic reality that inflation will be high in our lifetimes and your investments should be positioned appropriately.

>>55116274
>I live in Toronto and a rat hole costs $850k
well, you should move somewhere else, or get a higher-paying job. You're absolutely right that buying a million-dollar house is infeasible on a salary of $82k. Consider Dallas TX, which has lots of finance jobs and you can buy a nice house for under $500k. Or stay in Toronto and marry a rich consultant/doctor/lawyer wife and use your combined income to afford a million-dollar house.

>>55116566
>Google says six weeks but YMMV. You could transition by only shampooing every two days
I'm going to look way more into this.

>US government debt is currently at 120% of GDP. When you were born it was at 58% of GDP. Even in relative terms, the debt has more than doubled in your lifetime. Right now the US government spends $3 for every $2 it collects in taxes. Do you believe that America is somehow going to cut spending by 1/3rd and start paying down the national debt? No, of course they won't. Nobody gets elected by promising to cut spending and increase taxes. The only realistic option is to inflate away the debt, and/or to keep interest rates as close to zero as possible so the government can continue to borrow infinite money at near-zero cost. Which will cause more inflation. It's just an economic reality that inflation will be high in our lifetimes and your investments should be positioned appropriately.

Throughout the 1970s, the stock market went down, in fact between 1954 to 1982, the stock market made ZERO money for investors, had you aped everything in in 1954, you'd be right where you started in 1982. If you DCA'd into it within that time, you'd be in the negative. The 1970s were known as a period of high-inflation, where were the returns in the stock market there?

>well, you should move somewhere else, or get a higher-paying job. You're absolutely right that buying a million-dollar house is infeasible on a salary of $82k. Consider Dallas TX, which has lots of finance jobs

If i had the opportunity to work in Texas I would already be there. It's basically impossible for Canadians to work in the States now because companies have to prove they tried to hire an American first, and there's lots of qualified Ivy League grads

>>55116594
>Throughout the 1970s, the stock market went down, in fact between 1954 to 1982, the stock market made ZERO money for investors, had you aped everything in in 1954, you'd be right where you started in 1982
that's... not true at all? Even after adjusting for inflation your 1954 S&P investment would be worth almost 5x in 1982. You might be looking at the NASDAQ or something because the S&P 500 has always been a gains machine.

>The 1970s were known as a period of high-inflation, where were the returns in the stock market there?
inflation can be caused by too much money or by not enough goods. The 1970s inflation was caused by not enough goods (see "1970s energy crisis"). The inflation we'll see going forward will be more of a monetary phenomenon.

>>55116715
Thanks anon, this is really good advice then.

My money is currently in this index called the CUEI index. It traces the morningstar index which covers the top 85% of the U.S market, the S&P500 covers the top 80% of the U.S market. Would the index I'm invested in be as effective at generating returns or would the S&P500 be better?

>>55116715
Also, I looked it up and it appears it is true, look at the S&P500 between 1954 and 1982, it goes up but then down to where it was in 1954

>>55116800
I don't know where you got this chart but it's not accurate.

>>55116782
>My money is currently in this index called the CUEI index. It traces the morningstar index which covers the top 85% of the U.S market, the S&P500 covers the top 80% of the U.S market. Would the index I'm invested in be as effective at generating returns or would the S&P500 be better?
probably no meaningful difference; just go with whatever has a lower expense ratio

>>55116861
everyone but me must learn ur cringe

>>55116782
Interesting stuff. I'm more into crypto recently tho. I find platforms like Altcoinist to be extremely supportive, and with advent of such projects, I feel like market will become even more prosperous in the coming years

>>55115185
You sound just like my middle-class childhood friend. He's like the blue-collar version of you. I'll tell you what I told him. The burden of the middle class (the group that actually keeps the country going) is to knowingly get fucked by the upper class and lower class. In return, you get stability, community, and materialism. This is it. Settle in.

>>55115185
Adding on:

Look up the "Horseshoe Theory".

The upper class and lower class have more in common than you might think. Especially when it comes to parasitism. A parasitic relationship is one in which one organism, the parasite (a banker or section 8 bum), lives off of another organism, the host (a middle-class tax-paying citizen), harming it and possibly causing death.

>>55115185
What is with these corny niggas smoking cigars?

>>55115638
tristan tate is not only richer then you, but whiter too

>>55115279
>Tristan Tate
Die. Go back and die.

>>55115458
>I got rid of all my silver three years ago when I realized it's a waste of time
Gold and silver should be your long term savings. It’s not a good investment but it’s safe from inflation. It’s a form of insurance and it flies under the digital radar. Everyone should own some. You might make huge gains but you won’t lose much no matter what the economy does.

>>55115185
You can do all sorts of things to save money and/or make money, but if you’re entire life is focused on getting “rich” you will always want more. Nothing will ever be enough. Too many brainlets on this board who are consumed by greed and can’t see the bigger picture. You’re doing well for 23 in my opinion. You should be trying to get laid or at least network more at your age, Jesus Christ.

I’m in the same situation, same age except 75k/year as an analyst and 12k in savings.

No idea how to help you but I’ll certainly make a post about it on /biz/ if I figure it out. You’re definitely better at being frugal than me though, I spend way too much money eating out and paying for a GF.

>>55115862
Because Millennials had it even easier than Boomers, and don't want to admit it.

>be boomer born in 1955
>graduate college in 1978
>first job pays 15k/year
>homes are 50k/year (3.3x salary)
>have to borrow at 10%
>s&p is $100
>10 years later s&p is $270 (+270%)
>give birth to millennial

>millennial born in 1990
>millennial graduated in 2012
>starting salary for millennial 45k
>housing price 230k (5.1x salary)
>get to borrow at 3.5%
>S&P is 1350
>10 years later S&P is 4200 (+311%)
>also have the crypto boom
>complains about how much worse they had it

>>55115185
>gets paid $82k a year as financial analyst
>comes to /biz/ for financial advice on how to stop being poor
Well the first thing you should do is stop listening to all these analysts and advisors.

>>55115279
>Tristan Tate
come back to this board once you're not a Patrick Bateman tiktok montage watching zoomer faggot anymore if this is not bait

>>55115458
>$5k in BTC
Would rather play with alts with that amount. Diversify across web3 and grow it. BrillionFi is fresh out of the oven. Start there.

>>55115506
Wouldn't touch anything that doesn't have self custody and a secure wallet ID. Better safer than sorry.

Just walk? Your country is literally connected to the entire world, if you have two legs to can just start wandering.

Meanwhile, I'm here stuck in Australia, I have nowhere to walk to, can't even walk to a place where I could begin to start swimming since its all surrounded by sharks and crocodiles.

>>55117534
I just use crypto for my privacy and anonymous transactions, specifically private ETH transactions through Railgun.

>>55118558
>conveniently leaving out the price of everything else being astronomically higher and the buying power of the dollar at an all time low
typical boom. please die already. you have an entire generation that can't wait for your selfish bullshit to be over with.

>>55119332
>doesn't understand inflation

>>55117865
When did you say that?

Because I've only ever seen my life be improved by the government, meanwhile the upper class gets fucked. In my country the rich get nonstopped fucked and their lives are made a living hell.

>>55117923
Except the middle class don't really produce anything, we just get the government to subsidize our life and give us the most privileged possible. In my country the upper class people are treated horribly.

>>55118558
Starting salary for a millennial is not 45k a year in 1990. That's a starting salary in 2023.

>>55115185
Hey, anon! I live with my girlfriend and we have 3 business. I have a service business that I work 4hrs day, she takes care of her cosmetic business and together we manage an online store (2hrs total per day).
We make almost 22k/month, but there was a total 40k invested over more than an year to launch the online store where we sell exclusive developed itens to a niche we like very much.
We also invest in crypto and stocks but if you dont want to become a trader its best to just find ways to make more money with your time and with the money you already have.

>>55119145
Immunify is also based. Basically health x blockchain

>>55115256
i hate these humblebrag faggots so much

>>55119569
starting salary was when they graduated college in 2012 dumb fuck

>>55122648
I highly doubt they were getting that, considering I graduated from an Ivy League school and got one of the prestigious jobs, and I got 60k starting, it as in the average of my class for an Ivy League Finance class. This was 2022

>>55122678
well you must've gone to one of the shitty Ivys like Brown or something

I graduated from a state school in 2014 and got paid $65k starting as a data analyst at a bank. My friends who landed consulting jobs at the big 4 consulting firms were paid $80k or $85k starting. And my friends who got programmer jobs were paid even more.

$60k starting with an Ivy League degree in 2022 is honestly pretty shitty. Sorry fren. And yeah this guy is right >>55122648 the boomer clearly meant that millenials who graduated in 2012 earned $45k on average

>>55115185
Be me 33 year old europoor from Estonia
Here's my situation:

>Earn 21 600€ before tax.
>Net worth: 16K euros
>13k in checkings, 1K in shitcoins, 2K stocks
>Don't go out to eat ever, if anyone asks me I just say "sorry I'm broke, I have to stay in today"
I do eat outside, but only if its the same price as cooking your own. There are a few places in my town like that.
>Buy raw ingredients and cook my own food to save cost
>Cut out alcohol, the only drink I have now is water.
I do drink some juice as well, but its made by grandma
>Use an old 2015 Macbook - I graduated highschool in 2008
>Use an old Samsung 8 - 5+ years old.
>Recycle the plastic grocery bags as garbage bags to save money.
I Dont buy plastic bags - I always use fabric bags for shopping, but I do buy bags for bin. Its 1.69€ for the month.
>Take cold showers for both the health benefit but also to save money on the waterbill.
I dont take cold showers, but water is like 2€ per 1000 litres here...so my water bill per month is like 11€
>Have a roommate to split rent, pay $1,000 but trying to find an arrangement with student housing at a local college to pay $500 a month for a dorm.
My rent is 500€
.
>Never buy new clothes, haven't bought new clothes for like 3+ years.

>Don't use AC or Heater
Live in Estonia so I HAVE TO USE HEATING for 8-9 months per year - no other option to survive. No AC though - dont have one.
>Run or use the subway if I need to go somewhere, never Uber
Dont have a subway here, havent used Uber at all. Always walk or cycle.

>>55122764
>My friends who landed consulting jobs at the big 4 consulting firms were paid $80k or $85k starting. And my friends who got programmer jobs were paid even more.

I literally work Big Four Consulting.

>>55122847
well I don't know what to tell you except that people who graduated from my state school were getting paid $80k or more when they became consultants in 2014

Pills?v

>>55115185
>82k before tax as a financial analyst
>i made 100k in two months doing dcaa on papa and pepe (now waiting to buy back the dump)
Start memecoin trading or kys because you're doing something really really wrong

>>55115185
>Earn 82k before tax as financial analyst

Maybe you should have financially analyzed your career choices

>>55123584
LMAO you're a gambler, I can't wait until you lose everything on the

>>55123599
I did, and I became the highest paid 23 year old in the country. No other career that lets you start working in your early 20s will pay you more than that except for ones that you need to descend from EXTREMELY rich people to get (investment bankers)

>>55123646
It sounds like your entire problem literally just stems from the fact that you are restrained by your country. Consider applying to jobs elsewhere (i.e US) where the pay is much higher and the cost of living is lower.

better than me, I'm a 26yo NEET with about 1k in crypto to my name.
The impending AI takeover of jobs has me scared to even try to start going towards the programming I used to dream of doing professionally.

>>55123661
Canadians are not allowed to work in the U.S. You have to pay close to $1,000,000 in investments to be approved for a work permit.

>Consider applying to jobs elsewhere (i.e US) where the pay is much higher and the cost of living is lower.

Cost of living is insanely cheap in Canada, other than housing. Food and electricity and stuff here is really really cheap.

>>55123698
>Cost of living is insanely cheap in Canada
You're lying.
t. canuck

>>55123801
I live in Canada, it's insanely cheap, just go to Costco and it's practically free.

>>55115185
why the fuck are you investing PMs as a 23 year old?

>>55123865
What are PMs? Private Markets?

>>55124019
Paper Mario

>>55124019
Pokemon Minis

>>55118236
Shut the fuck up, Tristan.

>>55115185
test

>>55115185
The biggest needle mover for you is to salarymaxx. Saving on basis expenses is only going to take you so far, and it reduces your quality of life whether you want to admit it or not

>>55115279
>Tristan Tate LITERALLY said

what i learned from this thread
>earning 82k as a 23 year old isnt good enough
>toilet paper and mr. clean are huge chunks of expenses that eliminate all of my savings
>Having <1m net worth means i'm broke
Is this thread part of the real world or another dimension?

>>55115185
You have an income problem. There will always be greater upside to spend time and effort maximizing income rather than reducing expenses. Every dollar you cut from your budget adds another inconvenience to your life and costs you more time that you could be using to increase earnings.

Cooking is a good example, it’s a huge waste of time to cook lots of small meals from scratch if you’re one person (from a financial standpoint). Cooking only starts to be worth the time investment if you have a lot of people to feed like a huge family or if you do meal prepping, but honestly even meal prepping for one person is kinda dumb. You really don’t save that much money and it’s a pain the in ass

>>55125573
just another demoralization thread created by terminally online chuds

>>55125573
Meanwhile here i am loving life working a $60k remote job whilst living in my car lol. Yeah i cant afford a Bugatti but waking up to a gorgeous view in Yellowstonw isn't a bad deal neither

>>55117865
>In return, you get stability, community, and materialism
Kek what country is this in? Don't say America

>>55115279
You’re broke if you have to sell your time to make ends meet. Self employment is the only path to spiritual wealth.

>>55115615
>good work; this is one of the biggest financial levers you can pull. Works even better if you're dating/married to the roommate so you don't have to find a new roommate later.
I disagree with this unless you’re dating the ‘roommate’, in which case they aren’t really a roommate. My productivity would drop like a stone if I had roomies, but I’m not a wagie.

>>55116266
>no poo
Have you thought about only eating once every three days or so? Probably save on cooking cost (heat, ingredients, etc) as well as pooping costs (water, tp) along with the time savings of only needing to eat once every three weeks.

>>55118558
Boomers had the money to invest, millennials didn’t. So your analysis ends up being more favorable toward boomers.

>>55125586
'cooking' is pretty loosely defined. i agree for one person there's no reason to buy a ton of ingredients and make a huge meal. but making like... a sandwich, a hamburger, pasta, curry, salad, whatever like that is low effort and definitely cheaper than buying. it just depends on WHAT you're cooking and what kind of portions you can buy it in.

>>55115185
cool story but its time to wake almost time for school

>>55115185
>No financial understanding
>$75k networth at 23
>Broke
Faggot

>>55119569
>Dumbest man on 4chan

>>55122678
I know random, small town losers who graduated in 2014, got a local skilled job, and made $55k out of college. Today I know people who graduate in those same dead small towns and go do skilled work for $70k

>>55127086
>>55127086
He need to go the other way and PooMax. OP, report to your designated shitting street. You dont need toilet paper, the Indians don't use it. They simply go about their day with feces-covered hands. Most of the feces will be gone by the end of the day if you shake enough hands. Good luck!

>>55115185
>financial analyst
>doesnt know how to invest his finance
thats like a lawyer asking for help on being a lawyer. how do you not know your own profession

>>55115279
That's not wrong.

>>55115185
Work remote
Look into Overemployed
Be Overemployed

Use excess money with two incomes to buy a busines,buy a home airbnb it try forex etc etc you'll have more income to make more money


I'm a software engineer working 3 jobs making 370k a year. From those jobs and over 150k from my side businesses and income streams

Just bought an Aston Martin
About to start building my custom home soon

Don't give up op you can escape the matrix

>>55115185
Join the winners club invest in crypto big time. Projects like ARB, XRP, BrillionFi and even LOVE are the things that will actually boom the cycle after the next cycle

>>55115574
>I can't read
This place really is just zoomers who are lost in life

if you were born into a poor/middle class family then you will work until you are old and tired like the rest of us

>>55115185
>>Earn 82k before tax as financial analyst
>>Net worth: 75k
retard

>>55127728
>Aston Martin

Lol, enjoy leaving it in the shop and having it depreciate 50% in 1-2 years. You might as well be bragging about buying a Jaguar or a Land Rover.

>>55118379
They can always mine more gold and silver

>>55115185
>82k a year
>net worth 75k
>not even 25 years old
>"broke"
Yall roody-poos toasting in a troll bread.

>>55115185
Incredibly fake rp

First of all you're an actual retard for not understanding the meaning of the word broke.

>>55116274
>>55115543
>I don't know how anyone will move to the suburbs within 10-15 years.

People just do not understand that efficient markets are self regulating. Why would house prices continue to increase if no one can afford to buy them?
>Muh Blackrock
You think institutions are going to keep buying houses at inflated prices when they won't be able to resell them for even break even?

>>55115185
you had 15 years
have fun staying poor

>>55118558
>homes are 50k/year
what?
And boomers weren't spending 4 years to get a college degree to make $15k/yr. They earned it without the debt, and they earned it at 18.

>>55119313
For privacy reasons a sane person would use Monero, not Shitereum

>>55123646
how long do you think your career is going to last with ai anon? Finance is actually one area that can easily be automated, once you remove the human errors which plague finance it becomes very simple

>>55115185
Time to rope

>>55115185
I can't believe what I'm reading. These are the harms of following these pseudo-financial coaches on Instagram. Kys

>>55115185
you're on the right track, but here are some pro-tips to get you to retirement faster...
whenever you're in a room with a tv remote (hotel, waiting room, etc.) swap out the working AA/AAA batteries for your dead ones
walk into hotels where you're not even staying and ask them if they have any complimentary toothpaste, then pretend to go to your room, but exit out a side door. repeat when a different person is working the desk.
occasionally return cheap items to amazon that they can't resell (coffee, etc.), they won't even ask you to send it back and just refund you.

>>55131884
It's hilarious how ignorant stupid people are.

https://www.naceweb.org/job-market/compensation/salary-trends-through-salary-survey-a-historical-perspective-on-starting-salaries-for-new-college-graduates/

you dumb nigger, we're in a consumer economy and by not participating and hording, you're contributing to the economic disaster impacting everyone including yourself you cunt.

You need to to the kike bank and take a loan out at 90% interest. debt is money.

>>55115185
>gold
do junior gold/silver mining stocks instead

>>55133280
Well said anon, with privacy in check it wise to focus on security too. The threats of a quantum computer isn't far. So best to go with a quantum resistant blockchain to ensure security.

>>55119145
>Diversify across web3
I'd suggest ocean, FIL and sylo with notable products in the web3 sector. the latter has the likelihood of surging big time in a full bull because of their recent partnership with flufworld.

>>55115196
>kill yourself
KYS anonfag
>>55138032
Bizfags think xmr is king of privacy, altcoinistdao says rose

>>55115185
Yeah I already went through all this trying to find ways to stop working before 65/60. All it does is give you more money when you are 60+. It's impossible. The only way is if your job gives you a nice 50-100k bonus that can give you a leg up to invest and snowball to freedom. This whole thing is a fuckin meme.

>>55133280
XMR is based and private ETH transactions are also based. Don't be fucking retarded.