/biz/ - Business & Finance

even millenials working at McDonalds and Walmart will be millionaires someday, as the dollar continues to inflate away to nothing. They'll be making $400k at their walmart job but spending $1k on a loaf of bread.

They will do so by buying overpriced housing and limited edition sneakers.

>>9914199
Buy avacado futures.

>>9914199
What's inflation?

Plebs

every generation thinks this.

And 100% of crypto buyers expect to be millionaires before they die.

>>9914199
https://www.youtube.com/watch?v=d4XEqQPhv7A

>>9914224
>They'll be making $400k at their walmart job but spending $1k on a loaf of bread.

This

>>9914199
Given how fast the dollar is dropping, it's not unreasonable to expect to be a dollar millionaire

Headline feels bad. I thought I was unique.

>>9914224
sort of this... although I think what will really happen is the greedy corporations will try to keep wages so low that the entire economy crashes really hard and more than half the population becomes extremely poor, and 5-10% are rich, and basically no middle class left.

>>9914199
Does anyone else find this scary? To have the self awareness to realize that you're in that 53%. Likely just another average person. You think that NO, you are definitely different. All of the other people are delusional if they think they'll be millionaires. But they think the exact same thing about you. Only 1% of them will ever become millionaires (in terms of today's dollars). And that 1% is likely hard at work right now while you're rotting away on 4chan posting about how everyone else is delusional in thinking that they'll be successful. No, you're definitely different due to being an "early investor" in crypto. That's what the hundreds of thousands of Redditor's on different crypto related subreddits think as well. But no, you have good work ethic. But there are people actually working right now. But no, you're really smart. But there are smarter people working right now.

everyone in the world thinks they will be millionaires some day, what is this bait article?

>>9914709
So at the end of the day you're just another average person. A mediocre person. You'll be 60 and wonder what happened. How you had so much potential and how you always felt so close to making it big, but you just never got there. Then you'll realize that maybe your delusions of grandeur were just that, delusions. And you'll die another mediocre person.

>>9914739
And then you'll likely accept it. Maybe you just had bad luck. Money isn't that important anyway. You were at least making 6 figures for many years. Surely life couldn't improve that much. But you'll always wonder what if.
What if I actually worked hard...
What if I didn't spend so much time action faking...
What if I followed my gut feeling...
What if I bought that Lambo...
What if I bought that mansion...
What if I bought that yacht...
What if I banged that model...
And then you'll be 90 years old. Sharted pants. Thinking to when you were a young man. Browsing 4chan. So sure that you were a future millionaire. Future hundred millionaire actually. Wishing that you could reach through your memories and slap your snot nosed self while he was laying on his bed. Phone in one hand browsing 4chan. Dick in the other fapping. And how delusional he was to think that he was future millionaire material.

>>9914709
I don't actually want to become a millionaire. Like, yeah, I'd like to have a house, a car, savings, enough money to send my kids to college and to do stuff, like vacation twice a year. If I have that, I'll die really fucking happy.

>>9914199
Don't most retirees have a networth of 1MM+?

>>9914739

>mediocre person

Only mediocre people need conflate their value as a person with their wealth, or lack thereof.

>>9914337

you're assuming all the millennial's took this into account when they answered, which we know isn't true

>>9914199
That's not wrong though. But 1 Million wont be shit by the time most people are actually able to obtain it

>>9914709

what if you are 32, own a $500k home that you owe 240k on, earn 120k a year, and have 100k in stocks, a 4k/month pension waiting at retirement and 120k (at peak REEEEEEE) in crypto already?

methinks i'm guna make it sir

>>9914992

what if you have all that and still feel nothing?

They will be after inflation. Million buck will buy you a small car in 30 years.

>>9915172
Then I know that having +1M$ in assets wouldn't change jackshit.

>>9914992
>I don't actually want to become a millionaire.
house $450k
car $40k
savings $150k
college for 2 kids $200k
20 years vacation twice a year $160k
Looks like you have no choice but to become a millionaire anon.

>>9914199
And they're right
All thanks to sweet sweet hyper inflation

>>9914199
>>9915290
In earnest, I don't see why about half of the young people of today couldn't foreseeably become millionaires
Whether it's by retirement age or simply at some point over their lives, a middle class or above person ought to be able to make a million in their lifetime, given the first world countries remain so

Let's see.

My net worth will be $115k or so by the end of this year. I'm 26.

Not factoring in for inflation, for the next 24 years I could make savings of $144,000.

My wife has an apartment worth $100,000 which we'd sell later on.

115+144+100 = 359k minimum by the time I'm 50. If I'm really decent, then 400k.

I don't see myself ever becoming a millionaire (and that's fine):

1. Property worth 340k or so will be paid off.
2. I don't need a car.
3. Maintenance, utilities, groceries, transportation and entertainment will be the only major bills from age 50 to whenever I rot away and die. And that's fine.

>>9915235
I started writing a lengthy response, but fuck it, there's no point. Let's just say that my yearly salary is 12k$, and I'm a fucking engineer.

Life is different here. My perspective is different, anon.

>>9915400
Which country? I might live like a king

>>9915329
If you make $30k a year for 40 years of work then you take in 1 million but no one would consider you a millionaire.

this isn't that unrealistic with inflation and thinking 30 years from now with inheritances and other things.

A millionaire as in millionaires now? Fuck no though.

>>9915290
yeah was thinking the same thing. Inflation is going to make that like 500k now

>be 22
>Net worth of 200k between IRA, 401k, brokerage account, and crypto
Yeah I'm going to be upset if I'm not a millionaire eventually. A million unironically isn't even that much. You still have to live like a poorfag. My goal is 10m net worth, but I don't think I'll achieve that until I'm about to retire (unless crypto is actually the largest wealth transfer we'll ever see)

>>9915488
You couldn't cope with the language. Also fuck off, we're full.

>>9915543
I started writing a lengthy response, but fuck it, there's no point. Let's just say that I'm tri-lingual and pick up languages fucking quickly.

Just asking for a country, not like I moved there tomorrow geez.

Anybody can become a millionaire if they don't fall for memes and fly solo. People stay broke or at most middle class because they get married and have kids.

>>9914199

Let’s see. I am 31, have 400k in home equity, 300k in stocks, 300k in combined 401k. My wife and I make 300k/year. So yeah that is about a million, we feel completely middle class

>>9915576
>Anybody can become a millionaire if they don't fall for memes and fly solo. People stay broke or at most middle class because they get married and have kids.
Enjoy your single tax :^)

reminder humblebragging niggers deserve the rope

I'll be a millionaire in 3 years. Just need to 100x which should be possible in the next bull run.

>>9915874
>imply there's going to be another bullrun
You missed you're shot you poor fuck.

>>9915151
Where the hell do you get a pension these days?

>>9914199
tfw most retirees will have a million dollar pension by 2050. It's called inflation and compound interests sweetie

>>9915906
I know, probably kms sooner or later

>>9915151
>a 4k/month pension waiting at retirement
You are in for a nasty surprise

>>9915600
Nice larp
You are 1% in developed countries at that age

>>9915500
>having a million dollars
>no one would "consider" you a millionaire
hmmmm

>>9914199
>25 percent
I'd say 40 percent still live at home with their parents.

>>9914675
Even the dirt poor live middle class lifestyles now. Through a combination of consumer credit and economies of scale on consumer goods.

Taxes are whats killing the middle class. The left love taxing the middle class into the ground to pay for gibs and spending programs. Youre right though - The middle class will eventually disappear and there'll be an underclass, and the elites.

>>9914675
Good.

t. 5%

>>9915576
Unironically this. I got friends that could literally be on top right now but they had kids with some girl they barely liked and are now stuck.

I feel bad for some of them I think they're miserable.

>>9915386
>24 years of saving
>144,000

Jesus christ get a better job, and for the love of God put all of your money into some indexes instead of letting it rot in a savings account.

I mean it's great that you have low expectations for yourself, but it you could put in a little more effort desu

>>9916193
you don't have them, unless you live on air like some of those mediums

>>9915910

UPS feeder driver

>>9916096

could be, that's why you don't count on stocks, pensions, or social security for your retirement. you buy crypto and real estate

Haha what idealistic fags! Where do they get the gall?
Now, let’s get back to pouring our life savings into 2 man projects with no actual business yet (valued at hundreds of millions) so WE can become millionaires!

>>9914830
/thread
Who hurt you anon

not counting anything beyond my cash payout pension i should make 670,000 upon retirement.

my home currently is valued at 435k.

i'm gonna be make it.

I'm going to be 32 this September
I have in stocks 52k, 23k in savings, and 15k in other investments.

Hopefully, the market will do better so I don't have to live in poordom

>>9915151
>methinks

faggot

>>9917621
>52k in stocks
>at ATH

you better sell anon....
not even joking

>>9914199
The stock market averages 8% yearly long term returns. Compound that over 30 years and its easy to become a millionaire by contributing regularly to a 401k.

>>9914224

This

> A paltry minimum wage of $100k a year

>>9915632
Enjoy spending all your money on "fun" things to do with the wife :^)

A million is already not much. If you won't become a millionare you won't get the former middleclass livestyle with your own home and no worry if you turn into a bum tommorow. These people aren't that delusional they just now what the minimum to survive decent will be.

>>9915576
There is another way. Marry a woman who can produce as much or more than you can. Double the income. You can only do so much alone.

>>9915564
india

>>9918815
POO

>>9914199
Come laugh with us.

>>9915235
> earning/consuming 1M over the course of several decades is the same thing as "becoming a millionaire"

>>9919982
kill yourself

>>9920480
Love yourself 18002738255
Don't be angry at people like me who tried to warn you. There's still time to sell for a decent price.

their parents die

>>9914199
I mean with the way our Jews print money they're probably right

>>9914709
>tfw estimate I'm in the 10%
>just in the boundary between average and making it

future is uncertain as shit

>>9918143
but why? sure you're a boomer millionaire but it's just money, by that time you already have a house, a car and shit, you can retire comfy but it doesn't matter at that point

>>9914739
Jokes on you. I'm killing myself as soon as crypto tanks completely. I can't bother to have a mediocre life (job, wife, kids, economic car and paying mortgage on house for 25 years)

>>9914199
The under 30s are fucking useless while at the same time being incredibly cruel and stupid..

>>9921544
>I'm killing myself as soon as crypto tanks completely.

no one gives a shit.

>>9914199
More of the same "let's shit on the Millenial generation even though we have no more shit to shit with."

Thanks.

By the way, the study is a joke.

Millenial here.

Each paycheck I buy 10oz of silver, each quarter I buy a gold sovereign (3.3g each).

I will be a millionaire in fiat by the time I retire.

Why did OP Shoop the original?

The reality is that they will be, if the current system is still running with inflation/hyper inflation they will be millionaires. I am talkin zimbabwe millionaire.

>>9921834
>pic related

>>9922033
kek

>>9921834
>>9921849
You cared enough to reply. Btw no one cares about your irrelevant opinion so don't bother posting at all

>>9921544

^this

I won't wagecuck for the rest of my life.