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/biz/ - Business & Finance

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25065689 No.25065689 [Reply] [Original]

how much money do you need to stop working your 9-5?

>> No.25065750

200k

>> No.25065786

At least $1 million, but I would try to reach $10 million first.

>> No.25065798

>>25065750
is that in united states doller

>> No.25065821

1mil+ at least I think. Need enough wealth to be able to create more wealth and not just consume the interest returns to live.

>> No.25065867
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25065867

>>25065798
Yes

>> No.25065900

>>25065689
Depends on how cheap you're willing to live. If you live in a trailer park you would only pay like $50/month in rent. If you're willing to work 20 hours per week, live in a trailer park and eat potatoes and rice for sustenance every day, you could probably start doing that right now.

>> No.25065997

>>25065689
1 mill

>> No.25066025

>>25065689
You can just skip work and go to the beach right now. It doesn't cost money.

>> No.25066051
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25066051

>>25065689
$0

>> No.25066117

>>25065821
Same. I think by the time I have 1 mill, a good house will cost at least 400k. I plan to take one mill, throw in whatever blockfi/celcius thing ends up not being a rug pull and collecting 40k to 50k a year. I really dont care about mansions and cars just want no work.

>> No.25066155

>>25065689
Average S&P return is like 9%, so with $1M invested, that would be 90k a year in added value on average. The problem is that there are often years and in the past even decades where you don't increase in value but lose it. If it's your sole income, I think it's best to have AT LEAST $1M and that's with a paid off house and assuming you can live modestly. With $1M you still need to take care to reinvest gains made during good years and not live lavishly. $3M imo is much more comfortable and provides the best lifestyle relative to risk and work to achieve it.

>> No.25066205

>>25066117
I'm actually using Blockfi right now but as soon as national banks that are fully insured start offering such services, I will be making the switch (even at a loss in APY).

>> No.25066221

>>25065689
not much around 300k to live comfy for the rest of my life

>> No.25066244

I have calculated that 840 000 USD is enough for comfy middle class life for me

>> No.25066280

I actually like my job and would keep doing it even after making it. Waging in europe is fun 35hour work week, 20 days paid vacation, holidays, paid sick leave. 50% of my job is stand by time in which I can do whatever.

>> No.25066281

>>25065689
5 millions currently at 350k

>> No.25066293

>>25066205
I've looked at BlockFi, Abra and Celsius. I know I want a bitcoin rewards card. But I also know at least one is a scam and one will be incompetent with security.

>> No.25066453

Also a calculation that is simple to do but hard to face.
The money you need to retire divided by what you can save in a year = years to retirement with investing.
For me average I could save is 25k a year after taxes and expenses. The horrible realization that it requires 10 years of wage cucking to save 250k is grueling. And in 10 years that'll be worth probably 120k of today's money. So its bitcoin or bust. Our generation has nothing else good to buy into. Stocks are fake, housing is inflated, bitcoin is the only chance we are getting. So I am holding 90% my net worth until it's enough to be life changing, there is literally no point in cashing out until then.

>> No.25066482

>>25066293
I think Blockfi is backed by Coinbase and the Winkelvoss twins. Blockfi also doesn't have a "buy our token for more returns!" ponzi scheme going on so they generally feel safer.
Oh, and I got a $250 USDC bonus from Blockfi even though I thought I was only getting $50. Fucking based.

>> No.25066533

50 million

>> No.25066557

>>25066482
I'm contemplating converting my 6 months emergency living expenses to USDC so it can stop rotting, but I think USDC could get cucked by the government.

>> No.25066577

east euro here, probably like 500$ a month if living in luxury after buying my own house

>> No.25066618

>>25065689
3 million

>> No.25066835

300k and it's a 22-07 / 06-15 not a 9-5

>> No.25066883

>>25065750
Honestly I could probably scrape by on 200k. It would be poorfag spec living but at least I'd be free.

>> No.25067562

>>25065689
One billion million trillion gachillion shabalabadooillion... Yen

>> No.25068344

>>25065750
Yeah this is probably the bare minimum.
It's not retirement money though. You'd be able to start your own business with 200k but if it fails you're pretty fucked.

>> No.25068477

>>25066281
same, but currently at 110k
kill me

>> No.25068617

Im neet but 10,000,000$ is enough to never work ever

>> No.25068651

>>25065689
$500,000 methinks

>> No.25068742
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25068742

>30 million for Japanese citizenship
>10 million for playing around
>100 septillion to crush bill gates, George soros, the entire un, every single monarchy, esp the European royalty.

>> No.25068972

>>25066577
how much is a good house where you live

>> No.25069001

Three lollipops and Herbert Hoover's left arm.