Am I going to make it?

[Anonymous No.16828018]

>Be me, a 27-year-old guy 4 months away from graduating from medical school w/ ~$200,000 debt
>Will be making ~$60,000 for the next 4 years as a resident and then $350,000/year thereafter (starting at age 31)
>Wife makes ~$50,000/year as an occupational therapist
>No kids yet
>We have ~$4000 cash in the bank, ~$2000 of silver, and ~4 BTC of crypto

Is it possible to retire in my late 30's if I keep aggressively accumulating crypto, sell the next market cycle top, and then go all in stonks once the S&P bottoms out after the incoming recession?

[Anonymous No.16828037]

>>16828018
Have ur wife sell nudes and panties

[Anonymous No.16828044]

>>16828037
I would sooner break my back working in the depths of a coal mine than subject my innocent wife to such degeneracy.

[Anonymous No.16828050]

>>16828044
Nice dubs but NGMI

[Anonymous No.16828054]

>>16828050
>Prostituting your wife is making it

Okay, buddy

[Anonymous No.16828055]

>>16828018
Where exactly are you making that money, like what city? Can't answer your question without a cost of living estimate.

[Anonymous No.16828062]

>>16828054
Show bob and lasagna sirs

[Anonymous No.16828066]

>>16828054
yes, sacrifice your morals and honor in the pursuit of money goyim, it's the only path to happiness

[Anonymous No.16828071]

>>16828044
Literally nothing wrong with selling your wife's nudes and panties. We live in the age of the Internet. One person I follow on Twitch literally makes $15,000 - $20,000 a month at age 21 or 22 or something. It can be proven by anyone with a calculator based on his subscriptions and low-estimate of donations. That's what around $250,000 a year or so? Anyway, if you think selling nudes online is degenerate then you're just an insecure fucking retard.

[Anonymous No.16828077]

>>16828055
I don't know where I will match for residency. I might end up in upstate NY, NYC, MD, MA, NH, PA, or CT. I don't get to decide. I just submit a rank list of the places I interviewed at, and the matching algorithm decides my fate.

[Anonymous No.16828082]

>>16828066
>muh honor and morals in the pursuit of money goyim
Nice reverse psychology! I know who's behind this post!

[Anonymous No.16828096]

>>16828018
Smart enough to get into med school but dumb enough to bet your future on cryptocorns. Ngmi.

[Anonymous No.16828098]

>>16828071
>if you think selling nudes online is degenerate then you're just an insecure fucking retard

Nah, that's degenerate. Are you gonna sell your teenage daughter's panties to make a quick buck? Grow a fucking spine. I'd rather make my money helping sick people in need.

[Anonymous No.16828119]

>>16828018
>Is it possible to retire in my late 30's if I keep aggressively accumulating crypto, sell the next market cycle top
Retarded investment strategy. There are no guarantees in crypto.

[Anonymous No.16828163]

Imagine wasting years of education in a supply-controlled job only to retire after not even a full decade.

[Anonymous No.16828181]

>>16828119
>There are no guarantees in crypto.

Nothing in life is guaranteed. The risk in crypto is what yields the asymmetric reward. If an when bitcoin reaches the six figure prices that economists have predicted across the board, the people who accumulated won't look so retarded. They will look like geniuses. People laughed at early investors in Apple, Amazon, Google, etc. These things are cyclical and more predictable than you think.

[Anonymous No.16828185]

>>16828077
So if you don't even know where you're going to be a resident at how can you confidently say what you will be making? Come back and repost when you've gt actual figures and not just what you hope things will be.

[Anonymous No.16828225]

>>16828181
The literal argument from people into penny stocks. All the time every time.

[Anonymous No.16828227]

>>16828185
>So if you don't even know where you're going to be a resident at how can you confidently say what you will be making?

The figures are known. Resident salaries are paid by the US federal government and are pretty standard across the country at ~$60,000.

And though I don't know WHERE I will match, I know what specialty it will be. All of my interviews were in the same specialty, which makes an average of >$400,000/year. I actually gave a more conservative estimate of $350,000.

[Anonymous No.16828236]

>>16828037
she probably has an onlyfans

[Anonymous No.16828238]

>>16828225
I can't name a single penny stock that mooned, but I can name over a dozen crypto projects that did 100X in recent memory. They are apples and oranges.

[Anonymous No.16828242]

>>16828018
>$4000 cash in the bank, ~$2000 of silver, and ~4 BTC of crypto
Why do you have 2000 in silver when you only have 4000 in the bank and why do you have more crypto than you have in your bank

[Anonymous No.16828260]

>>16828242
I put our life savings on crypto and silver during a bout of hypomania. No regrets. Still accumulating.

[Anonymous No.16828263]

>>16828238
Crypto is to zoomer gamblers what penny stocks are to boomer gamblers. There are penny stocks and nanocaps mooning every single day the stock market is open.

[Anonymous No.16828265]

>Is it possible to retire in my late 30's if I keep aggressively accumulating crypto, sell the next market cycle top, and then go all in stonks once the S&P bottoms out after the incoming recession?

There's no way you're a doctor if you actually think that will happen and you can pull it off. You're actually fucking retarded and should kill yourself.

[Anonymous No.16828278]

>>16828071
Kys degenerate piece of crap, cucked faggot

[Anonymous No.16828291]

>>16828181
The general consensus among economists is that it is a bubble.

[Anonymous No.16828296]

>>16828265
This is survival of the fittest. The low IQ mongs like yourself who cannot envision the relatively obvious future of this new asset class don't deserve to reap its asymmetric rewards. You will toil in a brutish life of pessimism, forever marred by the bitter pain of regret.

[Anonymous No.16828297]

>>16828181
Then do it. Beat the investment firms that have been trying to figure it out over the last century and start your own investment firm.

[Anonymous No.16828306]

>>16828296
If you're so smart, why didn't you invest $100 in 2009. kys you egotistical pos

[Anonymous No.16828313]

>>16828291
Maybe the (((((economists))))) that you watch on CNN. They were saying the same thing when Bitcon was <$100. They said the same thing about Google, Apple, and Amazon stocks in their infancy. They are literally paid to suppress public interest in emerging markets/assets so that the elite can hoard asymmetric rewards. Now run along...Be a good wagie and keep maxing out that 401K!

[Anonymous No.16828323]

>>16828306
It was unironically way more risky back then. It is nearing the point of being too big to fail now.

[Anonymous No.16828326]

>>16828313
Again, if your IQ is so high, you would have been trading your student loans. kys bro. You're a doctor, you probably know the most painless way to go.

[Anonymous No.16828336]

>>16828313
That makes zero sense. The only way an elite can make money off of Bitcoin is if a huge amount of suckers buy it and increase the price.

[Anonymous No.16828355]

>>16828313
>claim to have the backing of economists
>actually refers to his pumping crypto newsletters

[Anonymous No.16828372]

>>16828336
>The only way an elite can make money off of Bitcoin is if a huge amount of suckers buy it and increase the price.

Yes, but only after the elite have filled their bags for dirt cheap. They pay people to FUD during the accumulation phase. They don;t want wagies getting in when it's relatively cheap. They want them to FOMO in near the blow off top.

[Anonymous No.16828387]

>>16828372
You mean the "elite" as in those investment fund dudes who can't consistently beat the market and only make money off fees regardless of performance?

[Anonymous No.16828421]

>>16828181
People also laughed at pets.com and juicero

[Anonymous No.16828424]

>>16828387
>You mean the "elite" as in those investment fund dudes who can't consistently beat the market and only make money off fees regardless of performance?

No. I mean guys like Jamie Dimon, the CEO of JP Morgan, who publicly called Bitcoin a "fraud" and threatened to fire any of his employees who bought it...while he was secretly accumulating shit tons of it.

George Soros did the same thing.

[Anonymous No.16828477]

>>16828424
I don't think Jamie or JPMorgan was accumulating any bitcoin, they helped their clients buy it and are creating their own blockchain. I don't think Soros pulled the trigger on buying bitcoin.

[Anonymous No.16828520]

>>16828227
You know what average means right? Across the entire spectrum of experience. Some fresh-faced 30 year old will not be making the average salary you see there. You will be on the low end of the bell-curve while you toil for 30 years to get to the high end of the bell-curve.

[Anonymous No.16828536]

>>16828520
And it also doesn't take into account the difference a doctor in New York City makes compared to doctor in Wyoming.

[Anonymous No.16828605]

>comes to board asking if he'll make it when he already claims to predict the future

I think we've come to the conclusion that op is a cluless faggot who will probably be sued for medical malpractice for being an egotistical retard. Suicide would be the best possible outcome for op.

[Anonymous No.16828636]

>>16828018
>Am I going to make it?
>Wife
oh anon

[Anonymous No.16828818]

>>16828227
My BIL is an ortho and makes north of $1M a year in PacNW. He isn’t even the highest earner in his practice.

[Anonymous No.16829186]

>>16828260
fair enough

[Anonymous No.16829195]

>>16828605
>Suicide would be the best possible outcome for op.

[Anonymous No.16829223]

>>16828071
unrionically kys

[Anonymous No.16829334]

>>16828520
>>16828536

>You know what average means right? Across the entire spectrum of experience. Some fresh-faced 30 year old will not be making the average salary you see there. You will be on the low end of the bell-curve while you toil for 30 years to get to the high end of the bell-curve.

OP here. One of the residents in my intended specialty who is about to graduate from my home institution's residency program just accepted a job with a starting salary of >$600,000/year in Idaho. People make insane BANK coming right out residency in my specialty if they are willing to relocate to undesirable locations and work longer hours than average for the field, which I certainly am. My wife is on board too. I would never accept less than $350,000/year, even with the my first job.

[Anonymous No.16829485]

>>16828018
You’ll be fine. You will want to work to 55 because you have a solid career.

[Anonymous No.16829506]

>>16828071
This is the most semetic post I've seen today.

[Anonymous No.16830205]

>>16828018
>Is it possible to retire in my late 30's if I keep aggressively accumulating crypto, sell the next market cycle top, and then go all in stonks once the S&P bottoms out after the incoming recession?

to answer your question, yes it is possible to retire but you wont ever do it, at least not until you are at a normal retirement age because things will happen in life, you will have children, pay morgage pay your debt pay car loans, everything in your life you will have to pay for all the while working insane amounts to support your family, what happens if you get sick what happens if you go through a divorce? you are atleast 5 years away from being able to START paying off your debt at which point you will probably have already started having kids, this means bigger house and bigger morgage

>>We have ~$4000 cash in the bank, ~$2000 of silver, and ~4 BTC of crypto

im guessing these are all your funds because women dont collect silver or crypto so what you are saying is what 'you' have in the bank rn not what 'we' have and this amount is not enough to /makeit/ unless you start seriously adding to it which you wont be able to achieve for at least a few years. I saying OP that many people have been in your shoes before (including my father) and still work to this day because life is never straightforward and the more money that gets involved with it the less simpler it becomes

[Anonymous No.16830278]

>>16828265
Doctors are actually some of the dumbest people around when it comes to finances. They're infamous for being dumb with money. Bankers have a phrase for it: "Dumb Ass Doctor Deals"

[Anonymous No.16830331]

>>16830278
Ya because some like OP are egotistical fucktards who think they can beat the market by predicting the future

[Anonymous No.16830348]

>>16828018
obviously. u r f rich chad in the making. pls videotape ur wife getting blacked so we cucks can have some happiness

[Anonymous No.16830405]

>>16828018
how do you go from 60k to 350k? is this just an estimation or something?

[Anonymous No.16830712]

>>16830205
Based and dad-pilled response. You literally sound just like my dad. Thanks for the reality pill, friendo. In my heart of hearts I know 30s is an unrealistic dream...but shoot for 30s, land in 40s maybe? Idk.

>unless you start seriously adding to it which you wont be able to achieve for at least a few years
>seriously adding

How much is serious addition? I am pouring as much of my wife's paychecks into ETH as I can every week, but I can afford 2-3 ETH per week only.

>>16830405
It's resident vs. attending physician salary. See >>16828227
Attendings make a shit ton in the United States

[Anonymous No.16830798]

What specialty are you trying to match?

[Anonymous No.16830809]

>>16830798
Derm

[Anonymous No.16831015]

>>16830712
oh so you're a specialist? makes sense, they generally make an absolute fortune

[Anonymous No.16831026]

>>16830809
i think (although it doesnt mean much) that becoming a specialist (or any sort of physician) right now is the best decision. so many boomers with problems, you'll have a guaranteed job for 20 odd years lmao

[Anonymous No.16831027]

>>16831015
Yep. I am shooting for dermatology.

[Anonymous No.16831036]

>>16828018
tough luck for you. by the time you start earning money to funnel into crypto it'll already have established its marketcap, as 50% of the total wealth stored in the world will be in it.
unfortunate timing bro.

[Anonymous No.16831238]

>>16830809
Good luck. You'll need it.

[Anonymous No.16831304]

>>16828037
She's probably over 25 and too old for anyone to care

[Anonymous No.16831344]

>>16828037
>>16828071
there are men that would much rather have a bullet put through their brain than exploit the sexuality of a woman who trusts them (even if she's "willing").

if you don't understand why, don't try.

[Anonymous No.16831358]

>>16828037
>>16828071
there are men that would much rather have a bullet put through their brain than exploit the sexuality of a woman who trusts them for financial gain (even if she's "willing").

if you don't understand why, don't try.

[Anonymous No.16831360]

doctors will ALWAYS make it. its job security + the greatest pay in the country. wish i went med

[Anonymous No.16831379]

>>16828018
You're a doctor but cant do math?
Btw you're apart of the most corrupt illness inflicting organization on the planet.

[Anonymous No.16831422]

Sit down with excel and plot it out year by year. You’re the hot shot gearing up to pull down 350 a year and you can’t fire up excel, put 31-40 as rows and ‘salary, debt payment, cost of living, starting investments, growth, investment additions, ending investments’ as column headers and use the fucking = button and figure it out? Yeesh. Protip (starting investments)*(1+growth rate)+ (additional investments)=ending investments.

[Anonymous No.16831451]

>>16831422
Based. Thank you, man.
I just have the rote memorization skills of an idiot savant, but I suck at math lol. I appreciate your aid.

[Anonymous No.16832418]

no

[Anonymous No.16832679]

>>16830712

>seriously adding

im talking about building towards something the boomer dave ramsey way where you sit at the table with your wife and write up all your finances and realistically & truthfully talk about how much income you want to save pw, the goals for your retirement are, how much of a morgage you want to have, if you are setting a goal for yourself that you want to retire in your late thiries (which is totally achievable) then you need to have a complete plan for those ten years that your wife understands so you both are on the exact same page about what each of you are supposed to be doing.

>I am pouring as much of my wife's paychecks into ETH as I can every week, but I can afford 2-3 ETH per week only.

once you plan it all out you will feel better and when it is all organised you might even be able to add more than this on a consistent basis, if you cant though, dont feel like you are failing because remember you have a long term plan that involves building wealth the boomer way regardless if stocks or crypto fail because you dont know when that is going to occur and it is useless relying on, the best thing you can do is just focus on urself and ur own plan atm and then when an opportunity presents itself down the road you will have the income and support to invest in it. one thing for sure is that there will always be another opportunity so dont fret about missing the boat on one particular thing because there is always something new right around the corner

[Anonymous No.16833508]

>>16828636
>9chink.com
Go Back.

[Anonymous No.16833539]

>>16828018
Why the fuck would you retire at 30 even if you could? What are you going to do for the rest of your life?

Chezuz people these days live for retirement. You are living right now anon, your life is now, every second of it. Not one day when you retire. Even if you hate your job, its temporary, make something of it. Don't hate it away, you never get it back.

[Anonymous No.16833580]

where do people get this idea that you would have no life if you retire by thirty?

i would write book,s, travel to a different place every two months, finaqlly pursue a grandmaster title in chess, hookers, all the psychedelics i can want, pursue diving, learn japanese and the piano, hire a cook ...the list is endless. If your life cant have meaning outside a job, you must be boring as fuck

[Anonymous No.16833795]

>>16828018
if you can live for 4 years on $60,000 then if you really wanna make it you can live on that for another couple (as many as possible), saving $290,000 a year.
put that into a compound interest calculator as if you throw it all into an ETF, dont count on crypto mooning but know in the back of your mind that its possible.
You can be a millionaire in 5 years but you wont because your wife will want her standard of living to go up and to flex when she sees her friends "oh stacey look my husband bought me another designer handbag" type shit

[Anonymous No.16833800]

>>16833580
most of the stuff on that list you can do now. start living. just do it

[Anonymous No.16833825]

i can do it now lmao.

with what time and money? with 4 weeks paid vacation if i get lucky?