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/biz/ - Business & Finance

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20947681 No.20947681 [Reply] [Original]

Red-pill me here. It doesn't make sense that some literal nobody NEETs have 1-2 million dollars now. If that is true, this means that 1-2 millions are worth nothing, that secretly a lot more people than we know have them. Right? It's impossible that people with degrees are more stupid than you.

>> No.20947717

>It's impossible that people with degrees are more stupid than you.
Why?

>> No.20947718

>>20947681
you're just envious of anons who made it, 1-2 million dollars are worth a lot and you know it.

>> No.20947725

>It's impossible that people with degrees are more stupid than you.

That’s where you’re wrong kiddo

>> No.20947737
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20947737

>>20947681
>It's impossible that people with degrees are more stupid than you.

>> No.20947756

i guess i know nothing about gender neutral

>> No.20947769

>>20947718
I'm not necessarily envious. I just want to know the real value of money.

>> No.20947789
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20947789

>>20947681
I have a degree and I'm good in my field and my job.

Besides that I'm a fucking moron.

Don't think people with degrees are smarter than you, they are just good in one thing. Which is something that doesn't require a degree.

>> No.20947810

>>20947681
i most definitely hold the most amount of LINK out of everyone in my Uni, given I bought in so early. Are all my classmates and professors stupid? I don’t know

>> No.20947821

>>20947681
Having a degree doesn't mean you are clever. It just means you were willing to put up with Jewish indoctrination for 4 years of your life.

That being said, stinkies had 500 dollar stacks 2 years ago. At most they have 10k now if they didn't panic sell several times (many did). Or cash some out for their various needs.

The one commonality between biz posters is extreme exaggeration of both portfolio size and gains. The stink cult is no different. However one day they will get destroyed when the rug pull happens on their manipulated asset.

>> No.20947831

>>20947681
I have a degree and it didn't stop me from listening to /biz/ autism.
The only thing blocking your path to success is your own ego.

Would you really care who gave you the best and most life changing advice in your life it it had the potential of making you a millionaire?

>> No.20947843

>>20947769
according to MJ DeMarco around 5M is the amount of wealth we have in mind when we think of 1M (due to inflation, ofc), still, most people will never own 100K in liquid assets, nevermind 1M, so relatively its still a huge amount

>> No.20947909

>>20947681
If you're worried about inflation, just remember, there are a fuckload of poor working class people for whom $1000 or even $500 is a fuckton of money, and as long as we keep them around and somewhat sedated with (((media))) and other shenanigans, the cash will still hold its value.
I'm all for creating a libertarian cowboy-world, but I do appreciate a moderate left-wing for this reason, they tend to sweep the big problems under the rug long enough for me to get my shit together and my ducks all in a row

>> No.20947911

>>20947843
>according to MJ DeMarco around 5M is the amount of wealth we have in mind when we think of 1M
Ok, thanks. I imagine that there is lag between perceptions and the economy. 1M was a lot of money in the 60's, it can't be that much now. So basically what you said.

>> No.20947938
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20947938

it's not a question of intelligence in the academic sense, that's one of the main contemporary fallacies. that being said having the foresight to see link early is only half of it. it's as much about being able to manage wealth successfully once you've found it, as it is finding it in the first place. I fear many anons here will mess it up somehow. I'm looking forward to the threads in this place gradually shifting from "am I going to make it", to "how to manage life now that I've made it" etc.

>> No.20947993

>>20947938
>to "how to manage life now that I've made it" etc.
What’s to difficult about it? I’m very frugal, and a house will most likely be my biggest expense in life. I can’t see my self driving a car that cost more than 100k. I just want to build generational wealth and live a free life with family and children.

>> No.20948054

>>20947769
something like 12% of the US are net millionaires.

closer to 1/4 of the US hold more than a million dollars in assets that are offset by debt.

so something like 1 in 4 americans have more than a million dollars depending how you calculate it. If this thread were a random sample of US citizens you'd have 3 millionaires posting by now.

the simple fact is 4chan is young, you are young, and millionaires aren't usually young. So you don't associate with a lot of millionaires. I'm pushing 50 and almost all of my friends are millionaires, as am I. It's not a lot of money, it's not even enough to retire on at 67.

>> No.20948075

>>20947769
Look at the stuff you want to buy and see how much it costs. Or an average salary. If some NEET has 2 mill after tax that’s like 20 years of a teachers salary. How can you be so stupid you can’t do simple math to work out the value of money lmao

>> No.20948092

>>20947993
it could be straight forward for you fren, but we'll have to wait until everyone has multiple 7 figures in their bank accounts after all the houses and cars have been bought to see how it affects people

>> No.20948115

>>20948075
>20 years of a teachers salary
So not a lot of money then?
>>20948054 is right, we are young and impressionable here. Not that it's bad to have that kind of money, especially if you didn't inherit much.

>> No.20948159

>>20947681
It's called taking a risk retard. I used to be a wagie too until I grew some balls and actually made crypto investments.

>> No.20948329

>>20947681
Fiat money has no value. You can have 5 million Dollars in your bank account, but those millions can become worthless within days if the central banksters decide to hyperinflate the currency.

>> No.20948357

>>20948329
Based

>> No.20948426

>>20947681
it's called luck fren
>be me
>put 100$ in erd in mid march
>now those are 3.6k
it's like winning the lotter but more likely
and this is just one of the many random shitcoins i have put money on

>> No.20948477

>>20947681
There is mosters amount of lucky with anyone making bank. Any billionaire could have remained poor if a handful of lucky breaks didn't align for them.

>> No.20948732

>>20947938
It's bizarre to see people talk about chainlink in the same breathe as being intelligent and financially responsible. Fair play if you've made a buck off it but we all understand it's a scam that we've been riding the coat tails of, right?

>> No.20948768
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20948768

you have what's called a "success barrier" - reality doesn't mould itself around who is and who isn't a million. I've seen that sentiment posted here so many times, that such and such can't reach a certain value because then that would make a bunch of NEETs millionares etc. That's how strong this success barrier is to you, that you're actually thinking along the lines of reality bending the knee to your internal hierarchy. Drop the limiting belief if you ever want to get anywhere.

>> No.20948788

>smelly NEET with a cum stained Love Live t-shirt gives you a winning lottery ticket
>"No thanks, you didn't go to college"

>> No.20948824

>>20947681
>>20947718
1-2 millions dollars are worth nothing especially in the hands of incel losers

>> No.20948847

>>20947681
>It's impossible that people with degrees are more stupid than you
retarded normie, you have to go back

>> No.20948895

>>20947681
You better throw out the window the idea that the more useful and productive you are, the more money you have. It doesn't work like that.

>> No.20948954

>>20948824

lmao $1.4 million makes you richer than 90% of the planet. Richer than billions and billions of people. Don't let your perspective be skewed by growing up in the first-world. A million dollars is an absolute shitload of wealth, and once you have it, barring tragic circumstance, you've gotta be a goddamn moron to lose it. (Not that there aren't plenty of morons in the world.)

>> No.20948980

>>20948954
whats the best way to use that money

>> No.20949012

>>20948954
Being born in the west makes you richer than 90% of the planet. Having a million dollars makes you richer than 99.999% of the planet. Boomers work their whole life and don't accumulate $1mill worth of anything.

>> No.20949017

>>20948954
90% sounds way low. It's probably richer than 99% at least.

>> No.20949166

I have 4000 LINK and will be a multi millionaire NEET. Fuck wagecucks, normies and student cucks

>> No.20949206

>>20949012
>>20949017

Whoops my bad, it makes you richer than 90% of the US. You guys are right -- it's even higher than that compared to the world.

That just strengthens my point.

>> No.20949229

>>20947681
Not having made serious bank through crypto does not make a normie more stupid than a NEET who has. The world is absolutely loaded with >140 IQ people who just have not stumbled upon /biz/

>> No.20949277

>>20949166
based, don’t sell before $1000 and even then only sell 1000 LINK. Keep the rest for the foretold price of $81k LINK

>> No.20949297

selling link is for the retard, coping a cgt instead of taking out a loan against at a lower interest rate.

>> No.20949301

>>20948980

Decent ETFs. Take out 4% a year, 40k a year (less post-tax, but since it's cap gains you don't have to pay FICA) for doing absolutely nothing. A certain percentage should go in gold and Bitcoin to preserve your wealth during downturns or collapses.

Also, you'll want to create a dynasty trust for yourself at some point to preserve your wealth over the generations and boost your offspring into a higher social strata. It will also protect the bulk of your money in case you or your family get hit with huge unexpected bills from medical or legal vultures.

There's a whole library of literature about wealth preservation. Mo money mo problems, but they're the nice kind of problems.

>> No.20949314

>>20948732
I mean, this "scam" has me up 1.3mil right now not even larping. the price feeds don't look too shabby either, pretty convincing if a scam

>> No.20949341

>>20948477
Luck is not something which happens randomly.
You make it happen by taking a lot of risks in areas where there is a huge winning potential.

If you never expose yourself to risk with a potential upside you will always remain where you are.
You don't know how it felt to keep all your money in a coin which nobody knew for years and changed its price from $1 to $0.2 in half a year, and then periodically moved between 40-60 cents.

>> No.20949357

>>20948768
just the image alone got me kekking

>> No.20949367

Jeez if only
I don't mind working but 2 million would get you a more than adequate house for 500k and 1.5 million for passive income. You would be able to cut on working hours. Or if you just want to NEET you can move somewhere with low cost of living and slay fucbois all day

>> No.20949374

>>20947769
You sound pretty envious

>> No.20949385

>>20947681
Yes. It happened with BTC. ETH. LINK. Safex / SFX Cash is next.

>> No.20949392

>>20949314
>not even larping
You are most likely straight up lying. At the absolute bottom that's over $30,000 into a literal scam. If you were already a millionaire and wanted to bet on Link's scamming skills then good job. If you were a poorfag who risked most of your savings then you are a very lucky retard.

>> No.20949484

>>20948159
this

>> No.20949497

>>20949385
SAFEX is a scam, is not next, kek.
WTF you talking about?
You are delusional.

>> No.20949524
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20949524

>>20947681
lmao fucking faggot I am a poorfag and flipped coronabux for 10X

i am now firmly middle class and no longer poor, lmao are you even white?? you deserve to be poor lmaaaoooo you are probably some ugly coping nigger

>> No.20949549

>>20949392
luckily for me it's the former. my initial was 50k, ave buy price around 45c, which, I might add, was considered high and late for a long time here. for most of 2018 & 2019 I was kicking myself for not having an ave buy price of 20-30c. you probably weren't around then though

>> No.20949559

>>20947681
99.99% of literal nobody neets don't
Just because a handful do , it doesn't mean much

>> No.20949599 [DELETED] 

>>20947681
>If that is true, this means that 1-2 millions are worth nothing
god you're fucking DUMB

>> No.20949629
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20949629

>>20949524
>>20947681
Moreover: you *are* a status-kbsessed and jealous creature and you *deserve* to suffer the ignominy of being a never-was. You deserve to work all your time away and get nowhere for no recognition. You are sick and nobody but us will ever tell you.

t. former extreme poorfag who spent time rich people and got over it

>> No.20949645

>>20949301
Can you recommend a book or two about wealth preservation?

>> No.20949667

>>20947681
>It's impossible that people with degrees are more stupid than you.
Loads of people with degrees are fucking retards, even from the so called "good" unis

>> No.20949754

>>20949301
>Also, you'll want to create a dynasty trust for yourself at some point to preserve your wealth over the generations and boost your offspring into a higher social strata.
you should kill yourself

>> No.20949764

>>20949549
I was here through it all and well before link too. Congrats on buying the only coin that did well since 2018. I really mean that but the all time gains of link are so paltry compared to many coins that it's not believable how many people claim they made it from link. Like let's be real most link holders haven't even done a 10x. That's shit but at the same time the market cap is so high, it's hard for it to even do another 10x. Now considering it's pure speculation on a literal scam you cant justify putting more than a few percent of your net worth in it. That means only very few people who were already rich made decent money from it without taking an incredibly stupid amount of risk.

>> No.20949779

>>20949645
You can look up Ray Dalio's all weather portfolio for wealth preservation.

>> No.20949813

>>20949754
Each time you curse someone you put the same curse on yourself.
>Seek revenge and you should dig two graves, one for yourself

>> No.20949871

>>20949764
kek
youve already made it then right?

>> No.20949873

>>20949813
its not a curse you schizoid

>> No.20949898

>>20947681
So you take stories posted here by said crypto millionaires for granted? I can assure you, the probability that you're talking to millionaires here is towards 0 (apart from rupiah millionaires). Most people here lose money, a minority of them make profits, but you will hardly find millionaires here.

>> No.20949930

>>20949871
You bet. It's going to look like nothing in a few years though so I haven't started my make it life yet lol.

>> No.20949963

>>20949873
Ignorance won't change its effect.
People often cause accidents involuntarily...

>> No.20949970

>>20947681
>he hasn’t heard of the kardashev scale
https://m.youtube.com/watch?v=1oQLOqpP1ZM

>> No.20949971

>>20949754
spotted the welfare nigger

>> No.20949972

>>20949524
10x your corona bucks and you became middle class? Lol

>> No.20949985

>>20947681
Most of this board is larpers and shills.

>> No.20950084

>>20949972
Money is still piling. Some very sound investments now. My point was all I needed, as a lifelong loser, was to be handed the ball just one time. I made something happen, and I will continue to make it happen. Only mentally ill people are concerned about what others do and don't have.

>> No.20950149

>>20947681
Anon, you don't live in a meritocracy, you live in a meatgrinder.

>> No.20950174
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20950174

>>20947681
>It's impossible that people with degrees are more stupid than you.

oh boy ahahhahahahahahahhahahahahahahahah

>> No.20950253

I hold 2.7M RSR. Can't wait to dab on wagey faggots

>> No.20950265

>>20949301
Something to note about this advice is that all of this is the baseline of what you want to do with your money assuming you want to sit on your ass and never do anything ever again. One of the key redpills you should keep in mind is that once you've hit the "made it" point in life there is absolutely nothing stopping you from making more money, but the difference now is that you have the luxury of choosing how to do so.

You want to keep trading shitcoins? Keep going.
You want to be a landlord? More power to you.
You want to keep waging? You're insane but you do you.

Making it does not necessarily have to be the end-all for you. It just can be if you want it to.

>> No.20950283

>It's impossible that people with degrees are more stupid than you.
They literally paid 80k to get indoctrinated by purple haired 400lb 5' oompa loompa feminists on Marx.

I'm plenty smarter.

>> No.20950318

if it makes you feel any better OP you'll probably be a loser for life and accomplish nothing of value while not having much money either

>> No.20950351

>>20947681
youre kinda right because 1 or 2 mil is nothing. Also millionaires aren't that rare you poorfag. if you're a burger one in 30 people in your country is a millionaire

>> No.20950355

>all these replies

OP literally just first time came to a conclusion "We live in a society"

Money is not about your intelligence and how fucking valuable you are to surrounding society, sometimes it can be just being in a right place at the right time, like some twitch whores who have become millionaires

>> No.20950389

>>20947681
Stupider

>> No.20950402
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20950402

>>20947681

>> No.20950596

>>20949314
Sell it now and put it all into cardano and start delegating (which is staking) and be comfy for the next two years at least.
Holding link is risky now look at the chart.
Be smart anon. You have enough money now. Preserve it. Go slowly. Life is long you have time enough. And don’t fall for the drugs or hookers trap.

>> No.20950692

>>20950596
I’m doing that anon, I’m 23years old and financially independent now since one year ago. First it made me depressed. Money solves your money problems but not your other problems. Now I’m microdosing LSD and focusing on exercise. I also got a nice haircut and nice clothes. Hope to find a good girl soon with nice feet. But I’m not having so much success on tinder. Sadly. And corona makes me isolated a little bit.

>> No.20950742

>>20950692
>And corona makes me isolated a little bit.
same i am now (online) student and basically only stepping outside for work on the weekends. it fuckings sucks ass

>> No.20950847

>>20950742
It’s really bad. I don’t have a job so I needed university, cultural events, volunteering, painting on the academy, yoga studio to meet new people. I need open borders to go traveling too. Now I can do nothing but sit inside. And yes I’m an online student too but I find it very hard to focus on that now. I go to university for social contact mostly.

Nevertheless, I just ordered swimming gear and a new skateboard. Gonna focus on exercising now in this corona period.

>> No.20951013

>>20950847
>>20950692
You're a huge fucking flaming faggot who tells people to sell their Chainlink because it's "too risky"

Kill yourself you fucking kike jew faggot shit

Go unironically oven yourself

>> No.20951450

>>20948054

>something like 12% of the US are net millionaires

lol, not even close wtf. 11 million millionaires is what i'm getting from a quick search. out of 328 million people = 3.3% of the population.

>> No.20951886

>>20947769
I'm not smarter than a degree holder just really really lucky. Many more neets have nothing to their name