Why do so many anons her say that 1-2 million USD in Crypto gains isn't enough?

[Anonymous No.23970740]

Lets be intellectually honest here. 1million usd is a whole hell of a lot of money for someone who would reinvest or pay cash for a house. Imagine never having a mortgage, or making 40-60 thousand USD a year passive income. This kind of money absolutely would be lifechanging for anyone.

[Anonymous No.23970783]

Just a bunch of coping from fags who pretend to be rich i guess.

[Anonymous No.23970789]

>>23970740
spotted the delusional preschooler

[Anonymous No.23970796]

we bizraelis are not satisfied with some middle class cuckoldry
we will be billionaires

[Anonymous No.23970818]

>>23970740
not for me. mommy and daddy know i am a big spender. i need lots of residual income a month - at least $50k. enough to import gold leaf tendies from France and to satisfy my exotic escort hunger

[Anonymous No.23970822]

>>23970796
yeah right by the time you are a billionaire, trading/making gains in markets will be illegal

[Anonymous No.23970840]

>>23970740
Because they are financially illiterate

[Anonymous No.23970848]

>>23970740
how does 60 million sound?

[Anonymous No.23970857]

>>23970740
they're LARPing

[Anonymous No.23970918]

It's a good amount, but not if you never want to work again. You need enough money for a nice house is a nice, primarily white location by the ocean, and that alone is atleast a million dollars. Then you need another 1.5 million for expenses. Then maybe another million for "fun" funds. So around 3.5 million is where you need to be to have an absolutely care free life where you never have to worry about money, unless you're an extravagant spender.

[Anonymous No.23970991]

>>23970740
I have around $1m in crypto already. But I spend too much money on dumb shit like $1k/night villas in Mykonos and $1k/hour escorts (however I will say you can get some hot fucking women for $1k/hour). I also plan on buying a $3m house. So I think I need more like $5m-$10m to be happy.

[Anonymous No.23971021]

>>23970991
larp

[Anonymous No.23971027]

>>23970918
All good points. But 1 million can go a long way if you reinvest. Can easily 2-3x your money if you wait for the right opportunity.

[Anonymous No.23971064]

>>23970991
Why the fuck would you want a 3million dollar house? That attracts bad attention and anything over 2.5 million home is a depreciating asset. All those boomers who spent 2-3 mil on their mcmansions back in 2007 are selling them at 500k under what they paid because no one wants them

[Anonymous No.23971072]

You have to keep in mind that a majority of people who say things like this want to live in a big city like LA, New York, Boston, San Francisco, Dallas, Atlanta or any other majority cities. Having a million dollars isn't enough to live in this places. They always want a nice car and a 3500sqft home. If I get a million or even 2 million. I will never work a day in my life. I'll move to some small city with less than 10k people in middle America. I'll have a truck, a home that is less than 2500sqft, have family, and really study history. I'll do what I want, but in a way were I'm not spending more than 25k a year. Hell, I'll use a majority of that to reinvest into the stock market once it crashes too.

[Anonymous No.23971116]

>>23971027
>All good points. But 1 million can go a long way if you reinvest. Can easily 2-3x your money if you wait for the right opportunity.
this

[Anonymous No.23971124]

99% of biz are larpers

[Anonymous No.23971139]

>>23971027
but you have to risk that money again before you make it

[Anonymous No.23971163]

Because I want to change the world for the better and pursue my dreams, not sit in a basement playing BING BING WAHOO and fapping to traps in a cuck shed. I figure I need 1.5 mill (1 mill in VTI, 500k in a Roth IRA for retirement) and then 1 mill for my dream house on a large plot of land innawoods, then another 500k to buy a nice duplex to rent out out and then maybe another 500k-1 mill to really chase my dream of creating uplifting art to raise the planetary consciousness/ break free some NPC’s from the Jewish stranglehold of materialism/ consumerism. Stop posting porn clips on here too ya COOMER I’m trying to quit the XXX jew.

[Anonymous No.23971277]

>>23970740
i don't know if i could retire early but i could definitely buy a decent house + a few acres for $150-175k in my hometown and pay off my $100k in jewdent loans. let's just say $300k in total.

once that's taken care of monthly costs (food, transportation/car, utilities, upkeep) might only be like $1000-1500/month, let's say $16k a year on average. i could stretch that remaining $700k out to about 40 years. so it might not be "never work again" money but it would definitely make my life a lot fucking easier.

[Anonymous No.23971303]

>>23971064
this. i would buy a secluded ranch somewhere as headquarters and then travel to the tropical spots whenever i want

[Anonymous No.23971351]

>>23971277
100k? Holy fucking shit. Did you go out-of-state or something?

[Anonymous No.23971372]

>>23971351
4 year bachelors + 1.5 year masters + 1 semester of professional doctorate (quit)

[Anonymous No.23971407]

>>23971372
What did you get your shit in?

[Anonymous No.23971414]

>>23971139
>You have to risk that money again before you make it.

Not really. You wait with the 1 mil in cash for another stonk market dip and go all in on a safe ETF that pays dividends such as SPY. Theres your 2 million

[Anonymous No.23971444]

>>23970991
what you want to buy is Land. They arent making more of it, and if you buy in the right location the value can skyrocket.

[Anonymous No.23971484]

>>23970740
Try living with 1mil in Switzerland and I dare you to tell me again how you think that spare change is enough

[Anonymous No.23971509]

>>23971027
>All good points. But 1 million can go a long way if you reinvest. Can easily 2-3x your money if you wait for the right opportunity.
its literally not hard just need to be patient...

amzn
msft
csco
goog
dis

etc...buy proportions and just wait 18 months...you will have 2x.

[Anonymous No.23971603]

>>23971509
Yeah thats my point but you have to buy them during a significant dip. Being patient Waiting for the right time is the hard part.

[Anonymous No.23971604]

Look, it just doesn't add up to what you think it does and dipping out 4% a year of your investments (the safe withdrawal rate) might hold in good years but not necessarily in years where the markets are down. It's almost enough, and that's what's tempting about it. You could almost sit comfy with that much money, but not quite.

[Anonymous No.23971611]

>>23971124
99% of biz is me

[Anonymous No.23971627]

>>23970818
kek

[Anonymous No.23971642]

>>23971484
"normal" house in a decent place that is not +1h away from a big city start at around $1-2mil. Just the house.
Then you need a car and to fucking eat for the rest of your life, so doing some math you need...
33milions to never work again in Switzerland.
if you say otherwise you are just deluding yourself

[Anonymous No.23971657]

>>23971444
yea couple million and you can buy hundreds of acres if not more. im not even worried about price going up as long as it keeps people away. gonna get some attack raccoons to scour the property lookin for rift raft

[Anonymous No.23971701]

>>23970740
It would put you in the 1%but it's not enough for these fags who want to burn money like a nigger

[Anonymous No.23971768]

>>23970740
I have ~$2M USD in crypto (was $3M at peak) and yes, that's enough for me to retire on. But why the fuck would I sell now when I can get another 10x out of BTC/ETH/LINK in the next 1-2 years. Sure, $2M is great, but $20M is better. $2M would only give a normal life on passive income (nothing wrong with that), $20M I'd be able to make fuck you purchases.

[Anonymous No.23971793]

I have ~2mil in crypto right now and im aiming to cash out 8-10 mil & STILL have between 20-50mil in crypto once everything has x10/x20

[Anonymous No.23971819]

>>23971768
>>23971793
Based twin poster

[Anonymous No.23971846]

>>23971657
>rift raft

[Anonymous No.23971852]

Its 10m because at a conservative 2% withdrawal rate its enough to afford a nice middle class lifestyle for a family

[Anonymous No.23971872]

>>23970740
Are you stupid?
1million in cryptos is nothing in a first world country, 20-50% are already lost when you cash out and pay your taxes.

[Anonymous No.23971881]

>>23971819
Just thinking the same thing anon. May be I'm being conservative with 8-10mil

[Anonymous No.23971903]

>>23971852
>sitting 10M in cash for the rest of your life

[Anonymous No.23971916]

>>23971852
Who the fuck is only withdrawing 2%/yr. It's stupid easy to get a mostly reliable 4-5% and at that point you really only need $2-3M. 5% of $2M is $100k and that can easily care for a family that's not in some rip-off city.

[Anonymous No.23971960]

>>23971903
Yes the idea is to leave behind something to the kids. And what better gift then to never have to work again

[Anonymous No.23971966]

>>23971852
By the point of your last withdrawal, inflation would be so bad that a sack of potatoes will be like $50-100 each. Might as well take it all out and spend it somewhere now.

[Anonymous No.23971984]

>>23970740
It’s good money. It’s just not “do whatever the fuck you want for the rest of your life” money.

[Anonymous No.23971992]

>>23971916
2% is preparing for the worst. Even a great depression will not break this plan

[Anonymous No.23971997]

>>23971881
Don't get too greedy, fren. I'm expecting ~$20M without cashing out any before that. If you cash out $8-10M, it's gonna be a big ask to still have $20-50M in crypto. But who knows, maybe LINK really will go to $1k.

[Anonymous No.23972010]

>>23971768
>>23971793
based. never sell anons. fuck the us dollar. its dying

[Anonymous No.23972020]

>>23970740
because anons here are absolutely fucking retarded and think that you absolutely MUST take the $1mil and IMMEDIATELY spend it

If you have $1mil liquid cash you have a fuckton of OPTIONS is the thing. You can reinvest, you can buy property and either live on it or make income properties, you can relatively safely just straight up retire and withdraw a ~$50k a year from the market. You can start a business, and make MORE money. It's not going to fun to straight up fuck off and absolutely nothing the rest of your life anyway. The $1mil just allows you to do so many things.

Become financial literate young retarded anons.

[Anonymous No.23972059]

>>23971960
Aka how to ruin their lives cause they never need to learn how to do anything of value.
>>23971992
Eh, if there's a big collapse, it's gonna last what, 1-2 years? Just cut spending a bit for those years and pull the capital somewhere conservative.

[Anonymous No.23972090]

>>23972020
>It's not going to fun to straight up fuck off and absolutely nothing the rest of your life anyway.

[Anonymous No.23972101]

>>23972020
>It's not going to fun to straight up fuck off and absolutely nothing the rest of your life anyway. The $1mil just allows you to do so many things.
This is THE answer.

They're sad that they can't just sit around and play vidya until they die, unironically

You and me realize that a million let's you do something different with your life, but you will likely be doing something (and that's not a bad thing)

A million+ gets rid of the urgency, the location dependence, the need to take bad deals, the need to have a high income, etc

You can realistically thrive as a small time personal trainer or nonprofit exec

[Anonymous No.23972105]

>>23970740
Can we get a source on this pic?

[Anonymous No.23972116]

>>23971916
Always double your estimatet amount to pay the taxjew, unless you plan to live with Sir Gay in the Bahamas.

[Anonymous No.23972120]

FUCK YOU
https://www.youtube.com/watch?v=xdfeXqHFmPI

[Anonymous No.23972132]

>>23972010
Hell yeah. I forgot to add I'm never going to sell all my LINK. Just gonna pull some out for a house and shit but let 25%+ of it ride for pretty much forever.

[Anonymous No.23972152]

>>23970740
Nice plot of land with good soil and fresh water or gets plenty of rainfall $200k+
Nice house $450k+
2-5 kids, $800k - $2.5 mil
Cabin 2-3 hour drive away. $300k
$150k in passive income @2% - $7.5mil
100oz gold - $189k
21 BTC - $350k

Need minimum $9.8mil if you want to raise a family and be comfy financially

[Anonymous No.23972191]

>>23972116
5% on $2M is still more than my current salary which is $85k pre-tax

[Anonymous No.23972228]

>>23970918
You're not gonna survive on 3.5 million by living in a place like that. To FIRE at the $4 million bracket you need to larp as if you live on a $100K salary. You need to be in the "fuck you money" tier of having at least $10 million before thinking about buying a million dollar house unless you want to be ghetto rich and just blow your money on houses you can't afford to upkeep

[Anonymous No.23972263]

massive gains on $INJ, time to sky rocket to the moon!

[Anonymous No.23972271]

>>23970740
Because it isn't.

2m$ invested in index funds yields you like 4-5% inflation adjusted over next decades (no, it won't be 15%, stop dreaming), which is only $80k that you have to reinvest anyway, so maybe you have like $30k take away money if you want to actually continue building wealth. How is $30k passive annual "making it"?

At 10M$ it starts to get interesting though. At that point you'd have 300k$ passive annual and that would be doable even in expensive first world cities.

I'm not talking about incels eating ramen and playing games in basement, I'm talking about Chad life banging actual hotties

[Anonymous No.23972292]

All I need is $300,000 to live the life I want to live.

[Anonymous No.23972295]

>>23970740
Nice plot of land with good soil and fresh water or gets plenty of rainfall $200k+
Nice house $450k+
2-5 kids, $800k - $2.5 mil
Cabin 2-3 hour drive away. $300k
$150k in passive income @2% - $7.5mil
100oz gold - $189k
21 BTC - $350k

Need minimum $9.8mil to make it

[Anonymous No.23972310]

>>23971072
>tfw no secret weeb hamlet somewhere in Africa or something full of /biz/raelis trying to NEET while living off of $2 million stacks

[Anonymous No.23972342]

>>23971064
> That attracts bad attention and anything over 2.5 million home is a depreciating asset.

Also attracts top tier pussy

[Anonymous No.23972345]

>>23970740
You have a point. Moreover, you can leave half in crypto. Putting 500k in a stablecoin vault in yfi will get you 100k yearly, you can invest the rest in real estate, big coins, etc. Sure there's some risk but what's the worst case scenario? Especially if you diversify

[Anonymous No.23972351]

>>23971484
why are you tying yourself to one location. if you have money you can go live wherever you want. get a condo in SEA or eastern Europe for 50-100k and say goodbye to the rat race forever.

[Anonymous No.23972376]

>>23971414
>pretending you can time the next "DIP"
naive

[Anonymous No.23972379]

>>23970740
It completely is enough.

But if you live in an expensive city or have a huge family with dumb smelly children then it isn’t enough.

[Anonymous No.23972383]

>>23970740
source? Looks like AOC

[Anonymous No.23972389]

>>23972342
Pussy is a depreciating asset.

[Anonymous No.23972391]

>>23972271
$30k passive is plenty to throw at a business and grow your residual income

[Anonymous No.23972417]

>>23970740
Because a make it stack is never having to work again. You will still have to work with only 1 million.

[Anonymous No.23972424]

>>23971872
>paying taxes
>on crypto
lmao

[Anonymous No.23972454]

>>23972383
I think the film was called "AOC - The movie"

[Anonymous No.23972498]

>>23971997
I know you're right anon I was just getting carried away with the calculator

[Anonymous No.23972568]

>>23971611
Explains the retardation

[Anonymous No.23972593]

>>23971163

Excellent meme, sir, and plan.

[Anonymous No.23972649]

>>23972342
>also attracts top tier pussy

Yeah that will rob you blind you fucking brain dead Simp

[Anonymous No.23972658]

>>23970740
You’re a newfag aren’t you?
$1-2M is a start, it’s the tipping point where you make make money work for you and retire from work yourself.
But you can’t be 100% sure of the outcome yet, there are always risks involved even in compounding. That’s why you can only take a breather until your seed for $1-2M actually reaches $8M which is the /biz/ approved made it target.

[Anonymous No.23972683]

>>23972376
Dips are actually quite easy to see and invest in when you have cash on the sidelines. Can I predict when a dip will happen? No. But Will a dip happen in the next 2-5 years where I could triple my money? Absolutely

[Anonymous No.23972699]

I might be planning too further into future, but what's the best way to hide crypto gains in EU without much of a hassle (without getting nationality of zero crypto tax country and such)?
To be exact I'm planning to move funds to stocks after the golden bull run but don't want to get raped by taxes

[Anonymous No.23972730]

>>23972658
nah 5 million is the make it target bro. You can buy your dream house and still have six figure passive income

[Anonymous No.23972774]

>>23972699
I hide everything in my mother's vagina

[Anonymous No.23972802]

>>23971021
Chainlink DECO oracle to anon wallets solves the portfolio larp problem.

[Anonymous No.23972918]

>>23971642
Swiss here, aiming for 20m long term, should be enough with okay-ish passive income