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/biz/ - Business & Finance

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5645972 No.5645972 [Reply] [Original]

for me it's 1 m.

>> No.5646005

>>5645972
+100k enough for me.

>> No.5646011

>>5646005
this

>> No.5646038
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5646038

>>5645972

A hundred bucks a day.

>> No.5646060

>>5645972
10m

>> No.5646064

Enough money to put into fund and stocks and not wagecuck anymore

So, depends

>> No.5646081

$1 million in liquid assets. I know several people who have a net worth of over $1 million, but it's almost all tied up in the value of their home.

>> No.5646083

>>5646005
Pff please, that would mean I made it and I obviously haven't

>> No.5646165

>>5645972
to me at least 2M

>> No.5646270

>>5645972
To me 500k is making it.

>> No.5646294

>>5645972
~250k to max out yearly contributions to my Roth IRA
~500k to throw into mutual/index fund
~250k to continue shitting around with shitcoins
~500k to contribute to 401k without having to dip into my actual income
So I would say about 1.5million for me is making it, anything more is extra making it.

>> No.5646295

>>5645972
Just a little more.

>> No.5646318

>>5646060
Living in switzerland. This, sadly.

>> No.5646337

Paying off my £370k mortgage on a £600k house, a £100k car, and £1m in crypto/cash

>> No.5646373

>>5646081
People need to get smaller homes

>> No.5646422
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5646422

>>5645972
I thought i'd cash out at 100k, but now that I reached that number I want at least 500k. This isn't going to end well.

>> No.5646457

>>5645972
100k minimum so I can quit my job and travel for a year or 2 then start a business.

>> No.5646469

$500k

Clear my mortgage and live stress free

>> No.5646476

>>5645972
1m would mean escaping hell from a third world shithole
2m would mean a care free normal life with no much worries
5m+ would mean freedom

>> No.5646481

>>5645972
Yeah me too.
Wouldn't mind 600k either. As long as I can buy some property.

>> No.5646483
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5646483

>>5645972
enough so that i can retire comfortably investing in bonds, which would be around 2mil USD.

>>5646005
>>5646011
i turned 4k into 100k and have far from made it. 100k is not a life changing amount.

>>5646422
since money is a tool and not something of intrinsic nature, you can never get enough of it.
you only truly feel like you've got enough money when you have unlimited amounts coming in, like bill gates and warren buffet, they have so much money it doesn't even make a difference when they donate billions.

>> No.5646499

>>5646005
This. Came from nothing and not looking for much.

>> No.5646510

>>5646318
I've been meaning to move there, bad idea?

>> No.5646520

I live in NYC i would need at least 1m-5m.

>> No.5646526

1M is my goal. With that, I could buy a standard sized house in my area in a nice neighborhood ($400k, brand new four bedroom homes built this year). Considering that $200k would be taken in taxes, that leaves $400k to live off of/invest. I do intend to work a job because I love my work, so it's not like I won't have income.

I'm not looking to never work again. I just mainly want a house and a safety net for unexpected finances.

But if I make more than 1M I'm getting an exotic car of some sort.

>> No.5646533

$2 Million, thats enough to throw in conservative mutual funds and live off $100k per year growing with inflation for the rest of your life

>> No.5646551

>>5646038
this

>> No.5646566

Around 450k after taxes + 150k still in crypto

That 450 would be used in safe investments or dividend stocks that would give me around 15k after taxes. Would use the other 150k to get rich as fuck.

>> No.5646649
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5646649

Enough to buy my family a proper toilet. XRP baby!

>> No.5646650

>>5646510
Not if you have enough cash to afford a house.
Playing around with taxes here is ez pez.
High living standards and expensive. But if you invest to get around 9k monthly in dividens you won't have a worry in the world.

>> No.5646714

>>5646038
So much this. I'm sure as soon as I achieve Supreme Neetdom status I will get a steady job and like it. I want to work without needing to wagecuck

>> No.5646720

i won't cash out before 10M

>> No.5646740

$500k.

>> No.5646747

1 Billion

In BitBean, of course

>> No.5646769

For everyone its a moving target. Let me explain, the problem is the closer you get to that number the more reality sets and the more number grows.

I used to think 300K invested in a S&P 500 index was all I needed. With that I could bring in an average of 30K per year. Now that I'm very close to that its obvious that -Its not enough and i need to adjust my target again.

>> No.5646783

>>5645972
100+ BTC

>> No.5646790

>>5645972
I'm an Eastern European. so 300k is made for me. i'd buy 3 nice apartments and start my own ventures in quite a few sectors.

>tfw every american on 4chan makes 100k a year and still has a shit blockfolio
>tfw my mother makes 6k per year


fuck i wanna make it so bad

>> No.5646804

100MM

>> No.5646811

>>5646783
why would you want no money?

>> No.5646836

>>5646790
Its possible bro, just play very conservative. If you have 100k, liquidate half of it to keep yourself comfortable for a while and put the rest back into the gamble.

>> No.5646845

>>5646769
Yep, the trick is to turn your paper gains from the moving goalposts into safe investments before the rug gets pulled out from under you

>> No.5646853

>>5646790

Yep we Europeans earn less, but can buy more and have better lives. I used to think those Americans who make 60-80k a year are fucking made, but they aren't , they hardly come by lol.

>> No.5646868

>>5646533
>able to withdraw 5% after tax
Yeah which planet is that?

>> No.5646895

>>5646769
Wait its really a guranteed 30k a year? never looked into that

>> No.5646919

>>5646769
That's fair, but not everybody is looking to live off of crypto and not work. Some just want it to accomplish a goal, like buying a house such as myself. >>5646526

If you do something you REALLY love for a job, then being able to live off of your crypto gains isn't as important. It's just a way to relieve some stress, like a mortgage or a car.

I know I love my work and intend to do it for a long time. There is steady income with it, and I make around $90k a year. Without a mortgage, car payment, or anything else, I can live without a care in the world while doing what I love and making money doing it.

>> No.5646935

1m would give me enough to purchase a house and a few rental properties that I could sit back and collect monthly rent. Eventually snow balling into more and more rentals or real estate

>> No.5646943 [DELETED] 

dis group jD7tXjH

>> No.5646962

All of it.

>> No.5647054

hahahaha the fucking state of this board.
10000 btc is the true answer
winklevoss style

>> No.5647058

>>5646895
10% seems way too high for index
Plus it's all probably going to go tits up in the next couple of years anyway

>> No.5647081

In the UK you'd need at least £2M (£3M in London) to be set for life.

>> No.5647103

10 BTC considering where i live rn.
If i moved to a proper country i'd say 50 btc.

>> No.5647118

100K and im totally done

obviously i will keep playing this game but with that ammount im really really really happy

>> No.5647156

> tfw you know someone with 50btc who won’t cash out

Greed is one hell of a drug.

For me, making it would be about 4M net worth. 500k in home, 500k in two apartments at me and my wife’s home countries, the rest in equities.

I’m too much of a chicken to ever put more than 5k in crypto though, so I guess I’ll just have to go at it the slow boring way.

>> No.5647191

>>5645972
2m+ I can retire and live modestly with that much, and reinvest some of it to grow more hopefully.

>> No.5647257

>>5645972
I'm from a third world country and for me ir would be +50k

>> No.5647258

>>5645972
2.5 million for me. That's my price.

>> No.5647324

>>5646935
i don't get the rental approach. you're dumping so much into the purchase of that properties that you could just hodl in crypto and make so much more. what's your logic? i could see doing maybe one of those just to diversify but i wouldn't take all of my money out of crypto to do that.

>> No.5647353

>>5646853
>Yep we Europeans earn less, but can buy more and have better lives.
>but can buy more
t. german

>> No.5647385

I put 1500 into XLM/ADA/XRP this week. I'm a broke boi but I start work in 3 weeks. Honestly my initial goal is 15k so I can pay off my student loans. All in all 100k would make my life very comfy right now, I'd be able to get a new car, a bike, an apartment to get out of my parents home and then I would just play the crypto market so I can save up for Med school.
All in all 250-500 K would be the best option, that way I can pay off my parents mortgage as well.

>> No.5647399

>>5647324
risk tolerance, a mil is a lot to lose

>> No.5647415

4.5M after taxes is the goal. not crazy rich but still rich and set for life. can go do whatever the fuck i want whenever and can make about 360K a year ROI with a conservative stock portfolio.

>> No.5647447

>>5647385
idk why I said all in all twice. Reading that back it sounds retarded.

>> No.5647463

5 Mill -> 50% tax -> 2.5 Mill. nough

>> No.5647483

>>5645972
if I can just make even 5k, in my bank, then I've made it

>> No.5647489

1 mil euro after tax... do not get to greedy...

>> No.5647496

>>5646483
good for you

>> No.5647502

>>5647463
Why 50%? is That the standard tax rate on crpyto gains right now? That's fucking nuts.

>> No.5647560

>>5646005
I MADE IT GUYZ

More seriously I aim for around 1.2m. Then invest in juicy dividends for a 5% annual return so around 60.000$. If you go to live to a low cost area with no tax on capital you are a king.

>> No.5647604

>>5645972
So much I could by an 4 room + kitchen apartment in some cofy city WITHOUT DEBT. I enjoy what I do for living so I don’t mind working.

It’s just feels stupid to pay rent and having a big loan feels repulsive to me.

>> No.5647657

>>5647463
if by that point you haven't bought kitts citizenship, you are fucking retarded

>> No.5647698

>>5646337
>£600k house
Fuck in what kind of mansion you live in?

>> No.5647706

>>5645972

100 million.

>> No.5647728
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5647728

Since I live in NYC, 10M at the very least. 1M doesn't even get you a 400 sq ft closet here so I have to up my standards a bit. If I lived in another city or a rural town or something, 2.5M would be the cutoff.

>> No.5647734

>>5647706
Why stop there?

Why not $1B?

>> No.5647737

1 million, make 10% a year and live a cushy life on 100k a year

>> No.5647757

>>5645972
2MM
>Taxes
>House
>Car
>500k on crypto
>1MM on bank account

>> No.5647817

>>5647698
A semidetached in london I assume.

>> No.5647819

>>5647657
kitts citizenship? redpill me on it anon. does it work for burgers?

>> No.5647851

>>5646005
Same I mean that’s enough for me to consider quitting my job and investing full time in cryptos and stocks.

>> No.5647871

>>5645972
So you need to make about 1.7 million, because the taxmaster will take half of that million

>> No.5647875

Are you niggers aware of how cheaply it's possible to live? My yearly expenses are 15k

>> No.5647882

$10M. If I invest that into a safe, liquid portfolio (stocks/bonds), could get a minimum of 3% after-tax returns, which is $300k income a year. I want to be able to live off just the income from my investments, without spending the principal, do I don't have to worry it will ever run out.

A lot of people are saying $1M or less, but that's just a retirement account these days. If your in your 20's/30's and live in a 1st world country like most /biztards, $1M isn't going to last you long unless you want to live like a poorfag

>> No.5647931

>>5647819
https://encrypted.google.com/search?q=kitts+citizenship

>> No.5647944

Minimum 2m after taxes.

>> No.5647958

>>5645972
i live in russia and don't spend much, so about 20k should do.

>> No.5647980

>>5647875
Yeah, but I don't want to live like you.

>> No.5648063

>>5647958
Anons should send you 100k so you can turn it into millions, then billions and then 4chan will have it's own oligarch.

>> No.5648069

>>5647882
>isn't going to last you long

Are you retarded? You could pay for a brand new home in a really good area for $500k in cash and have $500k in cash left over, assuming you have like $60k a year in expenses (which you won't because most of those expenses come from having a mortgage, which you won't have), you'll be able to live off the principal for ~10 years.

No, you won't be able to never work again from 1M, but it its fucking life-changing money and for many people it basically means you never have to seriously worry about money again unless you do something seriously retarded.

>> No.5648087

>>5647324

I don't think you get the game we are playing. The whole point is to turn these digital objects into real assets.

>> No.5648101

>>5647882
Hey anon. Where did you learn to read the market? I've just gotten into cryptos money wise. I sepnt some time watching youtube videos on blockchains etc. But I still don't fully understand the technical side of things. Any tips.

>> No.5648198

>>5645972
At first I aimed for 4M but now I realize even 2M would be enough for me. 3M would be ideal

>> No.5648204

>>5646895
No way. Realistically you need close to 180k for even a 10k annum income
And those are getting harder to come by

>> No.5648245
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5648245

For those who say they made it when they can get enough with 5% annually returns: where do you get those returns on a stable basis each year?

>> No.5648324

>>5647698
An extremely nice area in Yorkshire. So more than a postage stamp for a garden unlike London. 4 bed detached new build

>> No.5648389
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5648389

>>5647882
£2M. £500k for a nice home in a nice area, a couple thousand for a decent car and the rest is for living expenses. Assuming I have £1.25M left over, that is more than enough to live on for the rest of your life. £15.625k per year for the next 80 years is comfy unless you're some retarded turbo normalfag who feels the need to own 7 lambos and eat at stupidly expensive restaurants and do other dumb shit that eats your money away.

>> No.5648464

>>5645972
For me it's 22 million USD.

1 million USD doesn't even buy you a 1 room apartment in the ghetto where I live.

fuck my life.

>> No.5648467

>>5648389
>£15.625k per year
Guessing you're going to stay single then? No kids?
Average kid costs about £20k in the first 3-5 years

>> No.5648493

>>5645972
10m $, not even joking, I'll go big or I'll fucking crash

>> No.5648506

>>5648069
I'm guessing in your in your early 20s or younger. I thought $60k/year was plenty when I got out of college. But as you get older and want to live a middle class/upper middle class lifestyle, expenses add up and you realize $60k isn't much. Also need to account for inflation. A $60k salary 20 years ago is more like $90k today, because of inflation. Having $500k in cash is nice, but definitely doesn't mean you made it

>> No.5648514

>>5647737
10% how outside of crypto?

>> No.5648522

for me it's 1mil.

I live in the poorest part of Wales, I would live like an emperor, and set up a legacy for my children.

>> No.5648539

I have 500€. If I 10x four times (every 3 months) 31th December 2018 I should have 5 million € and be able to retire. What do you guys think? Will I make it?

>> No.5648546

>>5648467
If you buy into the idea that consumerism is what raises kids. I grew up in a household with 3 other kids 3 pets and 2 grandparents. My parents averaged 70k only the last 2 years. When I was a baby up until about 6 years old my parents were immigrants working minimum wage. You don't need 20k to raise a child every year. All my cloths until like 10 were hand me downs and salvation army garbage. Along with toys.

>> No.5648547

>>5648464
Bullshit. I live in San Francisco. Come here and try to rent a studio for less than 3k

>> No.5648553

enough to buy a nice house and food
thats literally all i want
could care less about getting rich

>> No.5648563

>>5648467
If I'm going to have kids then I'm not going to be a NEET. What kind of example does that set? And no, I don't see myself having kids.

>> No.5648589

Have inheritence of ~ 10m lined up so I guess it doesn't fucking matter what I do between now and then. I don't really see any of it now, I work a 50k salary role (that I enjoy) and hustle a lot on the side, so my actual income is more like 80k.

Sitting comfy, but have expensive habits with clothes, bikes and cars so I guess if I could have 1m in cash I'd have all I need to continue my Chad life without work. Crypto is fun tho so I want to poorfag my way from a couple houndred to 200k+, I feel like that's hard mode and it'll feel good in the end.

>> No.5648602
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5648602

Can you guys explain index funds ? I keep seeing it being posted in these threads and would definitely want to do it myself

>> No.5648614

>>5648539
I'm only in crypto for 4 months and have already 100x my $100. If you are smart and don't daytrade you can make it.

>> No.5648634

1M is a nice number but 300k after taxes is making it for me.

>> No.5648643

>>5648539
If you're as lucky as >>5648614 then yeah, you'll make it.

>> No.5648653

>>5646510
Switzerland has a strong currency
That's why everyone else there has higher living standards.

That's why cryptos don't buy as much there but they buy a fuckton of shit in let's day thailand.

>> No.5648675

1M to fund a humble existence for the rest of my life, possible because I don't want to live in a city, have no need for fast cars or other luxury goods either. To the contrary, my expenses would probably shrink if I did not have to work. Would cook more, grow a few potatoes, tomatoes, keep chickens, ...
I don't play demanding 3D video games and I don't have a TV either.

>> No.5648680

>>5648602
Don't take an index fund. These people don't know anything about finance.

Invest in ETFs. Especially Stock market ETF. Ignore state treasury bond based ETF as the pay is shit and it's just as risky if not more.

Alternatively buy stocks that pay out reasonable dividends. Such as oil stocks (Royal Dutch Shell at the moment)

>> No.5648691

>>5646005
100k would be huge for me, but 500k would be my minimum "made it" threshold. 1m would be mega comfy ultimate "made it" criteria.

>> No.5648697

>>5648101
Honestly learned most of crypto investing from biz. But if you're talking about more basic personal finance stuff and normal investing (stocks/bonds, etc), maybe start with reddit r/personalfinance. They have a lot of good stuff for beginners, and links to other resources. Biz is great, but they mostly talk about crypto and aren't beginnner friendly

>> No.5648698

>>5645972
1.75 million

>> No.5648724

Going by the 4% rule I would need 2m to live off of 80k a year.

Will need to either pay for my own healthcare or move to canada

>> No.5648736

>>5645972
There is no monetary amount. What means I 'made it' means I have enough investments (real estate for me) that I completely offset my costs of living. AKA, I can quite my job if I want.

I've already 'made it', but ambition shouldn't stop when you 'make it'.

>> No.5648740

>>5646483
100k would be enough for me to not work for 3-4 years. That's pretty big.

>> No.5648746

Opinions on Cyprus? How are taxes and living conditions there?
It appears to be kind of a tax haven for Russian rich people, is this correct?

>> No.5648774

200k milocoins

>> No.5648783

5million for me.

i buy a 400k house, 100k car and just live a normal life without ever working again

>> No.5648787

>>5647324

strong brainlet. rating memecoins above real estate LOL

this whole market is not sustainable you dumbass. it can go to zero tomorrow and the world wouldnt care but everybody needs a roof even your junky parents who didnt put u in school

>> No.5648801

>>5648697
I know basic finance, it's what I went to school for. I'm also a poorfag so I cant really invest in the stock market or bonds market. So I'm banking on crpyto's to get me there.

>> No.5648804

>>5645972
I would suggest 3 stages of "made it"
1. Quit your job and live off cryptos
2. 100k
3. 1m

only the last one is really "making it" but all the others are very important stepping stones

>> No.5648834

>>5645972
1 M, in euros, fuck (((dollar))).

>> No.5648860

>>5648804
Wouldn't your step one be the last?

>> No.5648879

you might feel like you've made it, but it won't stop the desire to keep making money once you've realized how easy it is. after a few million it stops being money and starts to become a score for the biggest game in the world.

>t. mid 8 figures fag

>> No.5648891

>>5648860
That boi is going all in

>> No.5648906

>>5646005
I've made 120k through crypto and it's really not enough for me at all (i have 70k student loan debt to pay off though).

600k and i'm comfy, 1mil+ and i've 'made it'

>> No.5648910

>>5647324
Yeah, I can tell you haven't invested in rentals yet. I have several, and I pay an average of like 5k per close.... even if the housing market collapses (like it will with most crypto, even tho I do hold some) people will always need a reliable place to stay.

Look into better financing options than a traditional loan. (USDA, FHA, VA, ect)

>> No.5648911

>>5646064
Aka "fuck you" money, this should be the end goal. Plus a bit for extra trading fun.

Some like more luxury but I'll settle for the 40k-50k a year life of fuck you money.

>> No.5649075

>>5645972
100K would be more than enough for me. I could pay off my student loans and take some nice vacations.

>> No.5649116

>>5645972
Right now I want to make it to 15k so i can withdraw 5 and pay off my debts, after that I would consider 500k as having truly made it. The goalposts will always be moving I expect.

>> No.5649163

>>5647353
>german

If you got a company in germany, you pay around 50% tax on your profits, and additional 19% everytime you buy something. If you add all other necessary shit, you have 70% tax.

>but you can buy more
WTF?

>> No.5649206

>>5645972
10m you can't retire with 1m. maybe in india

>> No.5649217

>>5647980
Why not? I would wage he's about 2.5x times more happy than you are. He's probably smarter too.

>> No.5649223

>>5648546
Seriously this stupid high cost of raising a child assumes you pay for childcare and other bullshit that you wouldn't have to deal with if you can take care of your own crotch spawn (i have a child, best investment in the future a good person can ever make).

>> No.5649247

>>5648680
>Buying oil stocks
You must a) Have your head in the sand and b) Be autistic.

>> No.5649252

>>5648602
index funds basically track a certain market with the most common one being the s&p, if you want to put your money into a fund you can do it at vanguard which is what most people use, their minimum is at $3,000

>> No.5649269

>>5648602
Google it you fucking nigger.

>> No.5649347

>>5645972
Personally, when I have enough to pay off my debts and then go get some dental work done that I keep putting off. I'd be happy with that.

>> No.5649439

WQhen you get to 1m you will realize 1m isnt making it.
What are yiu going to do? invest it with 4-5% interest?
Oh great 40k per year that still is normie lebvel lifestyle. You need 10 to make it and live big without touching the principal.

t. 4m

>> No.5649520

>>5648736
Agree here. I think think the first step is having enough money in the bank that you can quit your job and know you'll be ok for a few years. Second step is having enough capital that you can put in high risk in investments outside of crypto (small cap stocks, private equity, real estate, etc) and make more money than you would have from your job. Third step is having enough capital that you can put in very low risk investments (index/mutual funds, etc) and still get enough passive income from that so you never have to wagecuck or make aggressive investments, and know you'll still be set for life- this is when you know you've made it. The actual number depends on the lifestyle you want, cost of living in your area, etc

>> No.5649541

>>5645972
i just wanna move out my parents house im a grown man this shit aint cool 12-15k would be rent for a year and i would be happy just to have made it up outta hurr

>> No.5649569

>>5649439
40k a year for doing nothing is not normie level by any measure. Where are you guys getting these ides from? If you have a full time job as an adult, and I mean a professional job that puts anywhere between 50-90k a year into your bank account an extra 40k is in fact making it. The vast majority of people in the Western world bring in 40k with mortgages, spouses, and kids. 40k passive income is absolutely a game changer in the game of life.

>> No.5649679

>>5649223
Yeah I remember a while back seeing something in a financial magazine about the average cost for a family in New York of raising a child for 18 years being like 800K or something retarded like that. I know people who live in New York who won't make 800k their entire lives.

>> No.5649700

>>5649569
Yes its 40k without work but that still wont allow you to travel the world living in high end hotels.
It just means you can live normie lifestyle without the work.

But making it to me means living high class spending big without touching the principal ever.

Thats why I don't consider the 4m I have as made it yet. I probably work harder than most normies right now despite my net worth because Im determined to get 8 figures lol

>> No.5649749

>>5649700
add to that you will know what im saying if and when you get there. 1m dont feel like a lot at all once you have it.

>> No.5649750

>>5649269
Kill yourself you fuckin' ugly retarded low IQ nigger.

>> No.5649805
File: 25 KB, 400x400, 1513641297488.jpg [View same] [iqdb] [saucenao] [google]
5649805

>>5646919
good for you man, im rooting for you. it's good to hear that someone enjoys their job as it means youre not wasting your life doing something you dont want to do.

I like many others here are interested in never needing to work, with it comes the lingering fear of failing and ultimately needing to work. It's nice to hear that it is possible to enjoy your job.

>> No.5649872

>>5645972
Made it means I retire. Like $5m. Pay myself 6 figures for the next 35 years. Making a single milli though and paying my house off plus a couple nice cars would be pretty awesome though. If I don’t make it it sure won’t be for lack of trying

>> No.5649918

>>5649872
Permanent vacation mode would be pretty bad ass also

>> No.5649974

>>5645972
1 m for me. 500k for a house and 500k to put into stocks and crypto. I'm sick of being wagecuck.

>> No.5649976

When you no longer measure wealth in fiat

>> No.5650101
File: 271 KB, 497x381, 1509698370309.png [View same] [iqdb] [saucenao] [google]
5650101

>>5646005
if i got $100k that means i got a years worth of salary for buying memes

nice

>> No.5650204

My goal is at least 10m after taxes

Invest it all into s&p 500 index fund

Live off of 3% of that per year for the rest of my life

>> No.5650270

>>5650204
high IQ goal

Im surprised there are not more people here that only want to earn 500k for a single lambo

>> No.5650273

I think 2m is pretty comfy, especially if you don't want any kids.

You can draw down 80k (4%) a year, which is enough for a pretty decent lifestyle in any city in the world. Even NYC or sf you can get a nice apartment for 3k or so and ball.

This is post tax though, so americucks need like 3m.

>> No.5650288

>>5645972
1m cash, 1m crypto

>> No.5650329

>>5650270
You need to get into 6 figure portfolio to realize 6 figures isn't enough

100k felt huge but 200,300,...600 all feel meaningless.

>> No.5650358

>>5650204
if you have 10m why would you want a measly 300k per year

>> No.5650366

>>5646318
Swissfag here
I'd say it's 10mio in the US or anywhere else desu. It's only at this level that you will never have to work a single day in your life anymore

>> No.5650421

>>5648691
10k from cryptos is a healthy relief
50k from crypto, and I can treat my self to something nice
100k from crypto and I quit my job
1m is pretty much set for life. Just buy 2-3 apartments on rent, invest the rest and thats it.

>> No.5650485

>>5650358

Because it will never run out. S&P500 returns about 7% average. Inflation is typically 3% a year. I withdrawl 3% per year. That leaves 1% growth. Forever.

My money will literally never run out, will adjust for inflation forever, and will grow all at the same time. Learn about compound interest.

>> No.5650505

>>5650270
When you earn <100k/year 1mio seems like at lot (while it's nowhere close enough to be financially set up).
10mio is indeed the goal for every smart person

>> No.5650535

>>5646005
that's like 2 years of minimum wage. get the fuck out of here.

>> No.5650563

>>5650485
top kek

stock market will grow forever and inflation will never increase

t. babyboomer

>> No.5650580

>>5647560
>60.000
You know why I know you're a britbog?

>> No.5650608

>>5645972
none of you will make it if you arent happy
money amplifies any feelings you have.
happiness or anger.

>> No.5650631

>>5645972
2.50$

>> No.5650633

>>5650563
Im 30 but whatever makes you happy.

Go educate yourself: https://www.firecalc.com/

even in the worst case scenario where inflation takes off big time and the stock market crashes, 3% is still enough to live on forever while never depleting your investment. You fucking brainlets crack me up.

>> No.5650637

>>5650563
he literally said his investments will adjust for inflation forever

>> No.5650639

>>5650270
Lambo's start at 187k GBP
What inflated currency are you in?

>> No.5650641

Once I own a country then I will be happy. My dream is to reform society into something more, and obliterate the institutions and people that support societal hierachys of limiting people's potential to create the mirage of them being on top. It may not be a feasible goal but it gets me working hard to see it through

>> No.5650644

>>5645972
10m in the bank

>> No.5650675

>>5650641
>obliterate the institutions and people
Left wing scum like you need to be eradicated before you spread your poison.

>> No.5650713

>>5650644
smart post THOT

>> No.5650757
File: 38 KB, 540x540, luigi, LOOK.jpg [View same] [iqdb] [saucenao] [google]
5650757

>all these numbers
>mfw I have $24 in the bank

>> No.5650765

>>5650535
The fuck are you on about? Average minimum wage salary is around $15,000; that's 6 years dumbfuck.

>> No.5650844

2m so if I lose half my shit to some roastie I'm still a millionaire

>> No.5650851

>>5650641
>everyone except me should be poor to experience true life
ok

>> No.5650857
File: 88 KB, 720x530, 1498370752529.jpg [View same] [iqdb] [saucenao] [google]
5650857

This thread is enlightening and disheartening at the same time. I made 40K USD in December and my portfolio is worth 60K now but it is galaxies away from making it.

>> No.5650893

>>5650644
>10m at 2% interest

LOL

>> No.5650896

>>5648506
the average salary in western/northern europe is like 40k/year. So if you want to live a normal life, then you have no problem with 1M

>> No.5650928

>>5650675
Keep bootlicking, government is a business with a monopoly on its people and land.

>> No.5650966

>>5650844

Sad thing is that 2m would make you barely a millionaire after taxes.

>> No.5651015

>>5646510
There is already one state (ok its called 'canton') in switzerland, where you can pay the taxes with bitcoin. It's the canton of zug. Its where ethereum is being developed.

>> No.5651069

>>5646294
can i ask why you'd invest so much in retirement programs when you could just have a fuckload of money on hand?

>> No.5651098

>>5647463
>>5648250
check out this thread for tax planning

>> No.5651111

>>5650851
Where did I say everyone would be poor? We're in a wageslave system where excessive consumption is revered for all and human labor distribution is based on the least common denominator, we could have a lot more wealth than we do now

>> No.5651156

Between 10 and 20M literally wouldn't have to work ever again

>> No.5651184
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5651184

>>5648675
Brother. Nothing better than living a quiet life writing books and taking modest trips around the world.

>> No.5651186

>>5646005
1-2k would change my life a bit

>> No.5651193

I have a 500k property, return is 18k/year before tax. If I got another one the would be land tax too. So in order to make 50k passive after tax in property I would need another mil. 50k isn't much.

I can't even afford to live on 18k in Sydney when I'm living as a hermit and my expenses are literally just food, weed and the occasional bus ride :(

>> No.5651199

>>5651015
Ah and also you don't have to pay any taxes for your gains in CC in Switzerland. Only for what you hold in cash, but not for the gains. Same with stocks etc.

>> No.5651207

>>5650675
true

>> No.5651289

>>5647728
>Still wanting to live in this nigger infested shithole after making it

>> No.5651431

hey anons what email service should i use to start with coinbase and cryptocurrency in general
was thinking of gmail but how is something like proton mail?
should i use one separate email for everything

>> No.5651507

>>5651431
gmail is absolute shit. proton is great; get a 2FA dongle

>> No.5651669

1 mil. but I’d still keep working and make more money

>> No.5651683

>>5646373
1000-1500 sqft homes in dense US cities start at $500k.

>> No.5651708

>>5646811
But they told me BTC was a currency, reeeeeee

>> No.5652003

A sure $100 a day, or $10m ($200k a year excl interest) so never have to work a day again

>> No.5652172

Its kinda sad how much one needs to stop working

>> No.5652275

>>5650896
True. But do you want to live a normal life? If you're on biz trading shitcoins, you're probably not normal. You're ambitious, you realize wagecucking at the same shit job at the same same salary for 50 years sucks, you're going to want more as you get older. You're not going to fit in living with normies earning $40k/year in some wagecuck shit job. You're going to want to live a different lifestyle, doesn't mean you're going to want to buy lambos, but as long as you want to stay in a 1st world country, it's going to cost more than $40k/year

>> No.5652538
File: 105 KB, 512x512, 68E4C27F065B4C09857C5223BA56329E.png [View same] [iqdb] [saucenao] [google]
5652538

>>5652275
Well said my friend. I've inserted about 25K of my 50K USD into crypto. I'm thinking about going even deeper. If I can't make it like that then some measly 10-20K are not making a difference anyway. Crypto is a once in a lifetime chance.

>> No.5652586

>>5645972
1 billion dollars. 1 million is chump's change in this day and age.

>> No.5652619

>>5646064
This and enough to pay my student loan and parents debt totally 127k. I don't need lambs just a comfortable home and some piece of mind.

>> No.5652675

considering an average wage si 1000€ here, that brings a total of 0.5M in 40 years of working.

So anything between 1-2 million is already comfy zone.

>> No.5652892

>>5652538
Yeah, I can't believe so many people want to give up so quickly when they have a once in a lifetime opportunity with crypto. Even if you have a small portfolio like $20k right now, you should be able to at least 10x that next year. That's 200k. In 2019-2020 crypto will slow down, but you should be able to get another 10x those 2 years if you're a good trader. That's $2M now. Why wouldn't you ride this crypto train until it ends? Work your ass off for another 2-3 years, and you'll be set for life. Even if you're really smart and can make a lot from a job or starting a business, you're probably never going to see another opportunity like crypto. Make the most of it. Even if it doesn't get you fuck you money, it'll put you way ahead of most people in a very short time. Don't waste this opportunity while it's here

>> No.5652941

For each of my bitcoins to be valued at a minimun of $500k USD at a minimum. Then I will live in Belarus for a year (for tax purposes) and have an offshore cayman island account.

Oh yeah btw, where are all the bcash shills? Hoping they got a prolapse.

>> No.5652966

The goal is 500,000,000 yes I know it's a hard goal but I will get there with my 2 megawatt warehouse mining facility.

400 dragonmints arriving April. I can finally start to see real gains

>> No.5653007

>>5645972
150k a year, after taxes.

Doing that in burgerland is pretty difficult. I'm 19 and with my own small businesses I'm only about 20% of the way there

I am getting there tho

>> No.5653069

>>5652941
>Oh yeah btw, where are all the bcash shills? Hoping they got a prolapse.
Whew corecuck. btc is going to 5k. Parity will be here in 2 months top