$1,000,000 USD is literally nothing

[Anonymous No.57961303]

You need at least $10 million to make it, so like $20 million before taxes.

[Anonymous No.57961317]

I would rather have $1,000,000 than nothing you ungrateful piece of shit. This is why you are poor.

[Anonymous No.57961395]

It's $5 million
Sell half for conservative investments like CDs or bonds, after tax you'll have $2 million which gives you $100k annually without working.
Buy a $500k house cash and then you let the remaining $2 million ride in Bitcoin or QQQ or SPY etc.

[Anonymous No.57961464]

>>57961303
Very True. You're actually giving the MINIMUM number. It's actually 50 million to make it as an average life, 100million before taxes.

>>57961317
Wow, salty much? He's only telling the truth.

[Anonymous No.57961478]

>>57961303
If you are frugal like me all you need is 2 million. Unless you are planning on living in new york or la

[Anonymous No.57961482]

If you own your home, one million dollars is a lot.

[Anonymous No.57961750]

>>57961303
I have 950k NW including home equity and paid off vehicle. 700k liquid. My only crypto rn is exactly 1 BTC. Late 20’s.

It’s nice and I feel secure but I still need to wage for a long time. Probably won’t even consider stopping until $4-5M liquid.

[Anonymous No.57961767]

>>57961750
And if I have kids I’m looking at needing 7-10M to retire most likely (without downgrading lifestyle)

[Anonymous No.57961778]

>>57961750
Congrats for the crypto anon. You will make it. I wish I could get a slice of $2k from this btc.

[Anonymous No.57961924]

>>57961303
But also you're going to slowly spend that 20M over your entire life adjusted for real inflation and due to advancements in longevity we we probably all live to 120.
So you actually need $500M to make it unironically.

[Anonymous No.57961943]

>>57961303
of course is fucking nothing lmao, thats why im wating to reach at least 120K then gamble it on eesee to do a quick 20x, and THEN, i can say i made it

[Anonymous No.57961961]

>>57961303
Demoralization psyop

[Anonymous No.57961980]

>>57961750
>and paid off vehicle
N,E,E,GMI

[Anonymous No.57962084]

i fell for the 1mil is nothing psyop

while that's true, you dont need to make it one cycle. 1mil is a lot better than holding it through a 90% drawdown because you're still a max risk psycho

i realized once you hit probably 600k+ its time to start employing risk management capital preserving strategies

[Anonymous No.57962137]

I have 3 million and its still nowhere near enough to make it

[Anonymous No.57962148]

1 mil is a lot if you move to a third world country with low cost of living. But I'd feel a lot better at 3 mil or higher.

[Anonymous No.57962171]

>>57962148
>to a third world country
but then you have to live around brown 3rd world savages

[Anonymous No.57962178]

>>57962084
Kind of confusing wording going on here, but you're just saying 1mil is "sort of making it" because it gets easier and less stressful to grow wealth from there if you know what you're doing. I agree.

[Anonymous No.57962179]

>>57962171
you can go to eastern europe or argentina and live around white 3rd world savages

[Anonymous No.57962197]

>>57961303
tax is only 25%

[Anonymous No.57962216]

>>57962178
yea, the thought being "we have to make it as fast as possible" which is true, i dont think anyone under 6figs can ever leave the market for any amount of money. there's always something pumping and you have to find it or you're fucked, simple as

but once you start getting like 500-600k and you only need one more solid 10-15x, its fine exiting the market and picking your spots carefully.

i held from 1.4mil to 100k because i thought "1 mil is nothing, i have to hold till 3-5m"

[Anonymous No.57962225]

>>57961303

Why would anyone want millions of dollars when the jews are printing that shit for free?

[Anonymous No.57962311]

>>57962137
In crypto?

[Anonymous No.57962320]

>>57962311
yes

[Anonymous No.57962383]

>>57962320
Congratulations anon! Hope that you will make it. I wish I could get a slice of only $2k from your crypto, will you mind anon?

[Anonymous No.57962410]

>>57961303
My make it condition is seeing gensler swinging from a lamp post with his entire bloodline butchered under his feet, while the SEC and IRS headquarters buildings are smoking craters.

[Anonymous No.57962431]

>>57962383
Begging third world piece of shit. I'll put a bullet in your skull before I give you a penny you fucking trash.

[Anonymous No.57962461]

>>57962431
What a third class mentality you have! Anyway, I am not talking with you.

[Anonymous No.57963042]

>>57962410
why are you writing your gay fantasies in this thread

[Anonymous No.57963056]

>>57962383
Shut the fuck up and stop begging in every /biz/ thread you lazy pajeet.

[Anonymous No.57963096]

>>57961317
You mad? Poor boi

[Anonymous No.57963248]

>>57961303
I need help biz bros. I am hoping to exit this bull run with at least 1,000,000 million (post tax). My goal is to invest and live off passive income from the money. My goal is to hit 8000-10000 in monthly passive income to never worry about having to work again (I will still work just not worry). I do not want to long term invest in crypto, looking for options in ETF, Index funds, or mutual funds. I would need a 10% return to hit my monthly goal correct? Need actual advice here.

Bros, I just want to make it.

[Anonymous No.57963284]

I watched a relative spend $1 million on nothing in 3 years. Couldn't take a vacation, couldn't pay off every debt. And this was the latter 2010s, before hyperinflation

[Anonymous No.57963337]

>>57963248
>$8000 a month
You won't be doing that with $1M. $1M probably nets you $30k a year or $2500 a month. You need $4M and thus 2 cycles. Exit with $1M this cycle then come back once BTC goes through another bear, then you need to reinvest that $1M back in.
>tfw in same boat.
I hate crypto so much but its the only way out of the rat race...

[Anonymous No.57963346]

>>57963248
>My goal is to invest and live off passive income from the money.
Why is this every midwit's plan here? There isn't really such a thing as passive income, and with real inflation where it is you'll eventually be going back to work, only this time with a ten year gap in your resume, no skills, an older body and will to work anymore, kek.

[Anonymous No.57963347]

>>57963337
How much you are holding?

[Anonymous No.57963519]

>>57963337
Thanks for the feedback. Is there no investment that can offer a 10% APR? My math is 1,000,000 x .10 = 100,000 annual / 12 month = 8,300 (Investment would grow with left over month being invested for compound growth).

My credit union has investment banking and offers this.

[Anonymous No.57963541]

>>57961303
it's true, if we take true inflation, $10,000,000 is less than $5,000,000 of purchasing power, which will only halve from there in the coming years

[Anonymous No.57963543]

Wow Im a brainlet. I just saw it was 0.10% GG NVM Its been a long day.

[Anonymous No.57963561]

>>57961303
$13-$15 million anything more is a waste

[Anonymous No.57963570]

>>57961303
this. you can barely afford an apartment in a flyover state with 1 mil these days

[Anonymous No.57963576]

>>57963519
There is no way in hell banks would offer 10% APR, that's the realm of stablecoin staking and dividend geared income ETFs

[Anonymous No.57963616]

>>57963519
Bro, thats 0.1%. Just buy US treasuries at that point which is what your bank is doing

[Anonymous No.57963682]

25 mil is needed for an upper middle class lifestyle

[Anonymous No.57963849]

>>57961303
So my 290k i currently have on dextools and all the earning it gave me in general, that is enough for me to live at a good apartment with an enormous amount space, a monster pc, nintendo switch, quest 3, etc mean that i'm poor?