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/biz/ - Business & Finance

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6127753 No.6127753 [Reply] [Original]

Can i make it dear brothers?

I really need that fucking millon :(
pls god plsss

>> No.6127807

>no REQ, LINK and other memecoins
>lots of ETH
I guess you'll make it once ETH goes Proof-of-Stake and rockets straight into Jupiter.

>> No.6127805

>>6127753
God speed, I've only have 25 since I diversified, but I can see it doing a solid 10-15x this year.

>> No.6127835

>>6127805
25 ETH

>> No.6127862

>>6127753
You know deep down inside that 1 million wont still be enough. As soon as you get there, your mind will already be on how to get the 2nd one.

>> No.6127911

Throw some of that dough into some lowcaps.

OPT
BBT
UFR

I 4x'd in OPT already. Waiting on BBT/UFR to go exponential.

Low market cap + low coin circulation + low exchange listings will make you your mil.

>> No.6127924
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6127924

>>6127753
JUST 10X IT LOOOOOOOOOOOOOOOOOL

>> No.6127937

>>6127862
I am worried about this as well.

I have turned $500 into $30,000 in 40 days. And my mind is already racing about how my initial plan of 2M cashout will not be enough to retire at age 28 and how I will need 4M minimum, and it's "just one final 2x"

>> No.6127970
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6127970

>>6127753

>no UFR

Sad!

>> No.6128126

>>6127937
How did you make 30k dude.

>> No.6128183

Dollar devalues every year. By the time ETH will be 10x, your million dollars will not be worth much. And then will come big transfer from fiat into crypto.

>> No.6128231

>>6127937
You don't need to retire, you just need to get by from working 1-2 days a week. I wish I could 1m ill try my best

>> No.6128253

>>6128126
predominantly through buying quantstamps in early december and ICX in mid december, although i'm all-in on ICX right now as it's an easy 2-3x by end of month

>> No.6128318

>>6128231
I just don't want to play (((their))) game of wagecucking man. This is the only chance I will get in my entire life to escape that.

I stay up until 6am most nights getting 2-3 hours of sleep obsessing over 10M marketcap coins.

You guys don't understand this is our only chance to escape wage slavery

>> No.6128325

>>6127753
Made good with Ripple, bough 74$ worth and its about 1000$ now

>> No.6128326

You’re never going to make it with high cap coins like those. While it’s nice to have some safe bets in your portfolio, you really need to diversify yourself some more and take portion for a chance to get into some low-cap moonshots.

Look into BBT, UFR, PFR. All three are being shilled right now and are actually very well executed. UFR is about to release it’s alpha soon, so that’s also something to look into.

>> No.6128344

op we are almost the same person. im also 28 and i have a very similar portfolio. i am also Living On A Prayer. i hope you make it, because that will mean that i also made it.

>> No.6128415

>>6128326
ICON is the only high marketcap coin that is not only a safe investment, but will also see some explosive (5x or more) gains in the next 2 months.

It's about as sure of a bet as there is. Anyone who is hedging bets on shit like ETH or similar hasn't done the due dilligence into what ICON is or what it will become in the next 2 months.

My mind is already one step ahead to researching coins that will launch in feb that I can invest into with my ICON profits

>> No.6128422

oh wait that was some other person in the thread.

thats ok i hope we all make it and our lives are like revenge porn against normies.

>> No.6128501

Scratch all that ... Throw 50 50 into ven (atleast a masternode worth) and request . Thank me later.

>> No.6128531
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6128531

>>6127753
I’m closing in anon better watch out ! ;)

>> No.6128554

>>6128344
thanx anon, i m 30

i hope we can do it together. after 1 million life gonna be easier for us.

>> No.6128590

>>6127753
This is a boring portfolio and most of your small holdings are a waste of time if you are trying to make a mil

>> No.6128761

>>6128318
$1m will not guarantee you financial independence in a developed country. If you couldn't earn a good income before crypto because of your lack of skills, cashing out crypto isn't going to make you more attractive to employers and lenders. You should skill up anon

>> No.6128772

>>6128253
So you are just holding coins or did you trade on shorter time scales?

>> No.6128943

>>6128761
>if you couldnt earn a good income because of your lack of skills
Huh? I'm both an LPN and an HVACR certified technician. Both respectable trades earning around $15-20 per hour. Not great, but i've never been a burger flipper.

I'm not sure you understand, "unable to wagecuck" and "not wanting to wagecuck" are two different things

>> No.6129015

>>6128772
I tried to day trade once and I got burned. Never again. I would maybe consider it during a bear period but trying to time dips on these coins during a full bull rush is idiotic.

>> No.6129055

>>6128943
Don't burger flippers make 15$ an hour these days.

>> No.6129085

>>6129055
Maybe in LA

>> No.6129172

>>6128318
>mfw my gf is a doctor (I'm an old fag)
>she has a net worth of about $1m
>she still works every day
>I still work every day
>she drives a 15 year old car
>shes 39
>Our home is only worth $250k (though it's in Texas, so cheap housing)
$1MM is NOTHING today. let's say you retire at 50 and live to 75. You need that million to last you for 25 YEARS. There's still taxes. There's still emergencies. Food. Doctors. Traveling. etc etc etc etc.

MINIMUM to live a care free life is $30MM IN THE BANK at a minimum age of 35. Anything younger or less, you should still work. HOWEVER the money you make can help you live a better life WHILE working.

>> No.6129235

>>6129172
I'm shooting for 4M to retire. Where are yall getting the 1M from?

>>6127937

>> No.6129253

>>6127753
Its unfortunate that hitting 1 mill doesn't cut it anymore. Its more like 3.5 million. My personal goal is 10 mill minimum before i exit the game. I'll take out some profit to live decently then delve into crypto hardcore.

>> No.6129304

>>6129235
why do you want to retire? what are you gonna do after that, miss out all this excitement, lean back and wait to die?

>> No.6129335

Hello which coin on kucoin is the best??? Need moon lambo asap

>> No.6129361

>>6129304
I'll continue to play the crypto game with around 400k. I figure if the bubble doesn't pop I can easily build that back up to millions in no time.

If not i'll invest some of my money into safer investments like rental properties that generate passive income

>> No.6129378

ctrl+c
ctrl+v
repeat x6

>> No.6129405

>>6129235
Savings from work and investments. Our cost of living is kind of low for our incomes. Mortgage is $600 but almost paid off (we pay double payments every month). I invested all my savings in a business and it took years to make it back and profit. So I kind of started over at 27 (33 now). Her income is probably double mine. we don't buy crazy shit but we buy what we want and save/invest the rest. We've done the math, we need a solid $5-$10 mil. by the time we retire in liquid assets. Unless we want to sit around the house every day when we retire. Hopefully we will have a lot to leave to family and pay for our own funerals and shit. But $1mm is nothing today.

>> No.6129409

>>6127862
In burgerland, you need 2 mil because 1 mil goes to taxes. Just hold and take salt loans for the rest of your life.

>> No.6129420

get rid of iota and pick up ark before its at $20. moon is starting now!!!!

>> No.6129485

>>6129335
DBCCCCCCCCCCCCCCCCCCCCC ALL IN DBCCCCCCCCCCCC

>> No.6129525

>>6129235

From you responding to

>>6128231
$4mm isn't enough. Enjoy half of that going to taxes and the stock market takes one hard hit on your holdings and your down to about $1mil. 10% return is just an average, but 10% of $500k after a huge crash is way less than 10% of $2m after a good year. After a house and property tax for decades, you'll blow through that.

>> No.6129531

all in DBC

>> No.6129551

>>6129335
PRL
hop on quick before it takes of

>> No.6129566

If you just hold that ETH you have a good chance of making it.

In fact I think if you convert everything to BTC at this point you will make it.

You only need a 5x from here and it is TRIVIAL for BTC to hit 50-100k. If you did nothing but sit on your ass for one or two years, you'll be fine.

Be patient and don't rush things.

>> No.6129699

>>6129172
You certainly couldn't retire comfortably on 1m, but in European countries the median industrial wage is ~$30k. $1m would last you 30 NEET years, and see you wealthier than half the population.

Maybe in Texas you'd need $30m to live a care-free life but in UK for example, having a net worth of $1m (including all assets) makes you wealthier than 95% of the population. $3m puts you into the top 1%. If you can't live a care-free life when you're in the 1% then something's wrong with your expenditure.

>> No.6129707

XRP is clearly the most viable of the alt currencies. Bitcoin will die unless they x500 their speed and -400% their cost. XRP/Ripple is obviously the best coin for real world use. Anyone larping about taking out the banks and fiat should just end themselves. It's not happening. Banks will absorb crypto. There will be a place for shady transactions, but the normal person actually wants banks and stability.

>> No.6129715
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6129715

Waiting for that milli too

We’ll make it anons

>> No.6129762

>>6129525
Well put it this way, if you want to get technical. at 4 million dollars "maybe 2.6M after taxes" You can easily evaluate how you will live the remainder of your life in a way that doesn't involve using a timecard to punch in and out of work every day.

From rental properties to irl investments or continued investments in crypto, that amount of money will allow you to purchase a decent house, and if you live a smart modest life (why the fuck would you spend more than 40k per year with no mortgage? I spend like 10k per year right now) You have plenty of time to find your way in life and live COMFORTABLY.

I don't know what lifestyle some of you are living like normies who can tear through 100k per year

>> No.6129804

>>6129235
From living in 250k homes instead of moving to a small town and living within your means. 1MM can easily last through retirement at a young age.

>> No.6129808

>>6129699
People in this thread are assuming after you "make it" you just sit in a corner and drool for 50 years.

Obviously you try to continue to accumulate money using your gains as that backbone

>> No.6129853

>>6129762
Looks like Texasanon is even factoring in his own funeral costs, which is a level of financial management that I can't argue with.

>> No.6129886

>>6129699
Texas is one of the cheapest places in the world to live. $1m in the UK wouldn't do shit. Break it down like this
>$1mm
>35% taxed
>$750k
>Decent home not in a shit hole
>$300k
>Now you have $450k
>inflation 3% over say 40 years of living
>property taxes
>food
>insurance
>car
>gas
>emergencies
>utilities
>travel
>cars
etc etc etc. You will be out of money in 6 years.
you can live poor as fuck off $1mm, but if you aren't working you aren't going to live a great life. You'll live a wage cuck life with nothing to do all day.

You're in the 1% of money AT THAT MOMENT. But while everyone else is making more money, you're just spending spending spending
You guys are delusional if you think you can retire in your 20/30's on $1m and live a good life. It will be a wage cuck life where you got all the money up front.

>> No.6129935

as was stated, you can retire on 1MM if you are careful with money (cheap). however, any sensible person will use their free time to do what they want to do and hopefully wind up making money from that as well.

>> No.6129938

>>6129762
Right... So you're working (investments, rental properties etc.). So you're not retired. You're using your money to start a new business.

>> No.6130000
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6130000

>>6128326
>Want to buy BBT
>Etherdelta is shit
>Yobit process my doge deposit for 2 hours already

HOW DO I BUY THIS NOW GODDAMMIT

>> No.6130004

>>6129886
>300k home
Why? At 4M i plan on buying a 300k home, but someone who cashes out conservatively at 1M should be buying a home around the 100-150k range

Again. When I say retire, it's a metaphor for not having to use a timecard ever again. It doesn't mean I just sit around and do nothing for the rest of my life.

With that being said i'm in agreement that 1M isn't enough. 2-4 should be plenty that you can reinvest into low risk situations and live without lots of worry.

>> No.6130016
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6130016

>>6127753
I WANT TO BUY ENG BUT I CANT GET ON ANY OF THE EXCHANGES REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>> No.6130164

>>6130004
Right, so not retiring, like I said originally. And generally people spend 20-30% of their income on a house. That's a pretty standard price.

>> No.6130188

>>6129886
You've definitely given this more thought than I have so I defer to your calculations. But I would assume that anybody who ends up with >$1m will attain some form of low-risk investment that would sustain them. E.g. rental yields in my country are 7-10%. All of the costs you listed could be covered through rental profits from one property. Hell with that amount of money you could live off the yields from very safe ETFs or bonds.

>> No.6130272

>>6130188
>>6130164
>>6129886
My definition of 'retire' jives with this. Not punching a metaphorical timecard.

>> No.6130303

>>6129409
In france you need 2.7 mil because 1.7 goes to tax
if you want to cash out do so in a tax haven

>> No.6130316

>>6130004
what are indicators for a coin for you to put your money in?

>> No.6130358

>>6130188
Just think about it, how many normies have 600K in rental properties generating passive income for them.

The answer is like 1%.

Your average person earns 40-60k a year and spends 80% of that maybe saving 10k a year on a good year.

If you wind up with 1 million in cash in the bank, you will be more set for life in that moment than 95% of people will ever be working for 40-50+ years

People who say 5-10million is needed to "make it" are literally talking about buying mini mansions and going on overseas vacations twice a year

>> No.6130399

>>6130004
4 million could get you a modest business or you could live frugally off low risk investments, punching a timecard would still make a big difference and keep you in the game should your investments tank

>> No.6130523

>>6130316
This might sound so stupid but here is my technique. Again I am new to the cryptospace relatively but I am 1/1 on this technique and it netted me 3000 ICX at 1.80 per coin.

I look into new or low marketcap coins, and then I find the offical reddit for them.

I look at the post activity for the past 6 months and try to see if it is getting exponentially busier. In the case of ICON, 6 months back there was a post every few days, 3 months back there was a daily post, a month back it was 3 posts a day. When I made my purchase people were posting about 10 times per day.

That exponential activity led me to believe it was about to explode in popularity.

Also you have to research the team and do that form of due diligence as well. In fact that aspect is way more important than the little "reddit trick"

Oh and fyi reddit is a shithole.

>> No.6130575

>>6130358
Correct, those of us saying 5-10M are talking about actually retiring. Not working. Running rental properties is a lot of work (or you pass it off to a company but there is still work you have to do). You guys are using the word retire, which has a meaning, when you mean start your own business. No one ever said you can't start a low effort business and retire on $1M. But don't forget, rental properties aren't all profit either. People lose money on them all the time too. Though it's not HARD to profit off of them.

>tl:dr words have meaning.

>> No.6130592

>>6130523
thats waht every one has been doing.

how much did you spend for you to see a good return? 550 dollars? 1k?

>> No.6130602

>>6129172
In California you'll need at least 45 mil to live comfortably while doing some work on the side. Mainly cuz the state is full commie.

>> No.6130658

>>6129715
That's a really solid portfolio. Nice.

>> No.6130662

>>6130592
I bought 3000 icx at 1.8 per.
lol

>> No.6130704

>>6130004
If you get sick like cancer or some shit in burgerland (not that rare 1 in 3 or 4 gets some form of cancer in their life) 1 million will be the cost for like 1 month of chemo.

Us burgers are all 1 real sickness away from the poor house even with 1 mil

>> No.6130709

>>6130662
1.8? like 1.08?

>mfw everyone getting rich off of luck

>> No.6130747

>>6130399
what the fuck are you idiots talking about 4million living frugally... EVEN IF YOU WITHDRAW 3% a YEAR you can net 96k...... are you people that dense...thats like 8k a month for doing nothing ... do you people know math....

retarded fucker said 30 million

>> No.6130767

>>6130000
Yeah same wait for my ETH to come off of Cobinhood to catch the falling knife that is BBT.

>> No.6130777

>>6130602
Yeah I wouldn't retire in that shit hole unless I had $200m minimum. Even then I don't fancy giving poor people and spics my money just because they are poor.

>> No.6130822

>>6130747
I would love to just live off of 8k a month if I didn't have any other payments. Easy life.

>> No.6130833

>>6129409

Just talked to accountant. as of now they gonna treat it like stocks. so realistically you pay 20-40% (for every trade that nets a profit) depending on income if you dont hold it for one year. its about 15-20% if you hold it for a year. so another reason long term holding is the way to go.

>> No.6130838

>>6127753
Ether to Mars. Wait and see.

>> No.6130853

>>6130709
How is it luck? I researched the team that has over 600 team members, partnerships with banks, hospitals, and universities, as well as the literal government of south korea.

Not to mention big name companies like Samsung. Then I noticed discussion of the coin was exponentially increasing.

>luck
Ok man good luck out there. Go buy some ARK and TRON

>> No.6130947

>>6130853
im happy you made money man but cmon.

>> No.6130992

>>6130947
"but cmon"
I don't follow. What coins did you randomly purchase without any forethought that is leading you to be this resentful?

>> No.6131037

>>6130992

oh and by the way im not taking away from you doing the research. You must have put a lot of time in it.

I also wanna say thanks for answering my question. And i will be trying that out now to. If i could tip you i would. grats on your success

>> No.6131091

>>6128943
Oh hai male Nurse and ex-contractor dude. Good to see you again :)

>> No.6131109

>>6131037
/biz/ is a really powerful tool as well but it's mostly people trying to shill shitcoins to newcomers or 95 IQ brainlets.

You should follow leads you see on /biz/ but never blindly buy some shit that people tell you to without looking into it and seeing how it compares to other projects.

Every coin has some transformers-esque futuristic looking website now but that doesnt mean anything man

>> No.6131111

>>6130822
My monthly expenses in one of the most expensive places to live in the country with a mortgage and taxes and entertainment fri-sunday is like 5-6k.... I could literally sit on my ass and brain storm my next business with 2k profit for literally doing nothing with 4 million....3-4 million is perma retire

>> No.6131116

>>6130992
oh, and i have like 15k in trx because it was at 0.03 and coin market cap. just to answer your the question

>> No.6131118

>>6130523

How do you find post numbers?

>>6129886

The three main things people spend their money on is - Housing, Transportation & Food. What's wrong with using part of your £1m to buy lets say a £300k 3 bedroom apartment + £40k car + £60k cash savings then using the rest (£350k) to trade in crypto?

I'm wary about keeping all your cash in, especially at the £1m mark. You would literally have the chance to be almost financially free, as well as knowing you have a roof over your head, whilst still allowing yourself to trade with the rest.

>> No.6131130

>>6130747
>what are taxes
>what is inflation
>what is medical care when you're old
>what is traveling
>what are kids
>what is food


Are you still living at home and think everything is free. My property tax alone takes up $4k a year on my CHEAP house. Try reading the thread moron. No one said you couldn't live off of it. If you want to live a GOOD RETIREMENT you need a lot of money. Why the fuck would you retire and live like the average wage cuck? Not counting taxes and shit, $4m would be like making $100k a year. With inflation eating away at that 4 million is literally worth about 1 million in just 35 years time. So you retire at 30, I hope you die around 60 and live like a wage cuck that whole time.

You kids will learn one day.

>> No.6131143

>>6130777
trips confirm.

Also I can't wait to gtfo of this fucking lib shithole

>> No.6131194

>>6131109
i notice they go all out on the video to explain what the project is aswell

>> No.6131195

>>6127753
dude you need to learn to swap your coins after a high

check out UFR or ENJ

>> No.6131252

>>6131130
my taxes are 8k ...100k a year with no mortgage is a very substantial amount of money...I could have a luxury car and vacation whenever I want....haven't decided if I want kids

>> No.6131258

>>6131118
That's a fine plan. But again, not a retirement. These anons were talking about retiring when they meant "just work for myself." There's a major difference. But I also would never just trade in crypto. I would diversify across many markets.
>crypto
>stocks
>metals (gold, aluminum etc)
>real estate
>business

>> No.6131262

>>6131130
oldfag is right.

I own a house. Just last year the foundation needed fixing. Guess how much that shit cost? fucking 27k.

>> No.6131296

>>6129172
30MM to live comfy
Nigger i lived a somewhat pleasant life on 18k Annual in australia.
2M will do me just fine, buy 2x properties during housing crash and 1M keepsies in high interest banking accounts.

>> No.6131344

Good luck man, that ETH could be 10k within the year.

>> No.6131370

>>6131296
He's a Texan gen Xer who leads a rich person's life.

>> No.6131377
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6131377

>>6131091
Hey what's up baller

>> No.6131392

>>6129304
Retiring doesn't have to mean going down to Florida and playing golf till you die. Early retirement for me means I get to play my own game and not be a wage slave. If I make money along the way, that's great, if not, no worries.

>> No.6131409

>>6131258

True, gotcha about retirement.

That's my plan anyway - get to a level where half would cover the main outlays in life, take that half out and then play with the rest in crypto/diversify it across the markets you laid out for retirement/passive income.

>> No.6131413

>>6131262
Nothing ever goes wrong bro. Once you buy a house and 3 cars, that's it! I can just vacay and eat all day!

>> No.6131469

>>6131130
I could not agree more. Low skill neet basement dwellers think that $4m allows them to quit their job and convince lenders and customers of their "business" to trust them and extend a line of credit while thier $4m is tied up in illiquid assets earning a passive income.

>> No.6131477

>>6127753

Sell all of those shit coins and go all in on ZCL and you'll be there

>> No.6131503

>>6127911
UFR will be dumped at one point but BBT will be top 20 coin easy

>> No.6131527

>>6131469
most people earn like 1.2m in their entire lives

go outside

>> No.6131589

>>6130747
Sure but instead of doing nothing you could work for a very average wage and increase your income by 50%, I don't think that's anywhere near the not worth it to work comfy retirement.

>> No.6131628

>>6131469
> convince lenders and customers of their "business" to trust them and extend a line of credit while thier $4m is tied up in illiquid assets earning a passive income.

Yeh that's literally how getting loans works...

If you have $4m in illiquid assets you're a very wealthy person and banks will probably lend you money

>> No.6131726

>>6131527
Right, but they also live shit lives and don't get that money all at once. Getting $2m over night and earning it over a life time are two totally different things. Not to mention most of those people also work until the literally die. They also mostly die with debt. If you're going to "retire" in your 20's you need a big bank roll. Or else you are just "retiring" early and living like an average wage cuck. But again, you guys confuse retirement for "working for myself with the money I made in crypto."

>> No.6131915

check out UFR or Propy, expecting 10x returns before 1st quarter ends for both

>> No.6131983

>>6127753
Please kill yourself :( pls god plss

>> No.6132149

>>6131130
I'm confused. Are you sticking that $4m in the bank or reinvesting it. Say you only make 9%, you can pull out a lot more than $100k in a year before you eating away at where you started the year at.

>> No.6132191

You should get UFR, is the only thing green in my portfolio right now.

>> No.6132212

>>6131628
Okay fine. The banks entertain you and lend you money.

How do you propose to pay that loan back? You have no skills or talents before crypto and now, lo and behold, you have conjured a business out of thin air which generates a positive cash flow. You obviously cannot liquidate your assests either.

Skill up and get educated anon before you cash out.

>> No.6132215

>>6131377

Totally in ICX too. I'm right on with your thinking.

Of course, you also gotta play around with the shitcoins. Chineseum is great until it breaks, right?

>> No.6132345

>>6132149
Like any market a 9-10% return is average for the entire market over time. That doesn't mean your investments won't crash 40% in a month and bring your worth down to almost half. http://www.pfecenter.com/how-calculating-your-investment-returns-can-be-misleading/

This is even more compounded when you factor in inflation.

>> No.6132440

UFR has great potential to 2-10x in the short term.

>> No.6132473

>>6132149
>only 9%

crypto luck has not actually made anons good investors, they can on average expect 5%

>> No.6132526

UFR is still sub 20 marketcap. You'll be able to make it with 5k In

>> No.6132559

>>6131726
Let’s not get carried away with semantics. Call it what you want it but 2-4m is considered making it because you can safely make a middle class lifestyle without touching the principal. In other words you no longer HAVE to worry about working for someone else ever again.

1m is sweet because you are then a ‘millionaire’, and you could scrape by if you had to.

But yeah if you immediately dump a huge portion of it on a liability like a house that you live in and make no income from then yeah no shit you’re not out of the woods yet

>> No.6132684

>>6132559
It's not semantics. Words have meanings, this isn't reddit.

>> No.6132753

>>6131726
The fuck is wrong with you nigger, you want to live like the fucking 1% or something holy shit you are batshit crazy. I would be more then happy sitting in an apartment doing nothing having no worries wile letting my investments going up in passive funds. Jeezes do you need to live like Dan Brazilierian or something.

>> No.6132824

>>6132559
Dumping it on a house you live in off the bat saves you either rent or interest on mortgage, I don't think it's a bad choice at all for anons, at the end of the day it is ongoing money in the bank.

It seems pathetic compared to the crypto meme run, but after it's ogre anons will be crying themselves to sleep for the rest of their lives imagining how easy things would be if only they hadn't held onto those worthless bags.

>> No.6132899

>>6127807
When is that happening

>> No.6133057

>>6132345
That article is so retarded. No shit standard deviation of returns matters as well as average returns. That doesn’t mean ‘the math is against us’.

>> No.6133059

>>6132684
100% of the confusion here is due to the fact that your definition of 'work' is vastly different to everybody else's, so I guess words can have different meanings. Checking in on a rental property once every 6 months, sending out a repair man, monitoring the state of the property market, and drawing down rental income each month is a different type of 'work' than most people are used to. Fucking sign me up. That's a timecard I'll punch in every day.

>> No.6133093

>no UFR
Not gonna make it

>> No.6133355

>>6133059
Yeah my idea of "retirement" is like eating hot wings at some restaraunt that I have stake in by the water somewhere that generates me passive income, going to the gym, and maybe doing a drive by of a few properties i'm renting.

I'll probably check in on my safe investments once or twice a day (Crypto or stocks) instead of obsessively every 2 minutes like I do now.

At night i'll sleep fully and contently that i'm secure in life.

Shit i'll probably have enough money for a vacation or two per year. Mostly conservative but maybe even a few overseas ones. Perhaps every 2 years or so i'll do one of those.

I'm relatively sure I can maintain this kind of lifestyle on 40k a year. with passive investments generating that much income or more.

>> No.6133464

>>6129172
Lol what the fuck, how much do you spend? I live in Canada (southern Ontario so it's not cheap) and spend like 12-15k a year and am quite comfortable

How the fuck do you spend 500k a year as a fucking minimum? The average salary here is under 50k

>> No.6133551

>>6133464
People make like 40k or 50k per year with three fucking kids, paying mortgages and student loans and shit and they get by.

Granted they barely get by, but the point remains if you aren't doing blow and driving a literal lambo that needs to be replaced every 5 years you'll be fine.

>> No.6133670

>>6133464
What the fuck how? Mortgage alone costs more than that.

>> No.6133771

>>6133670
I just rent a room in a stranger's house. 450 bucks a month, completely furnished, utilities included

>> No.6134464

>>6131130

The best solution is to keep it in some kind of Index Fund, do a 2.5% SWR. That should help you semi-retire. I don't think retiring is a good idea at all. I've watched some folks retire and within the next 3-5 years, they're down with some kind of cancer.

Best is to keep yourself active. Use that financial freedom to do things that makes you wanna wake up everyday.

>> No.6134541

>>6134464
Does everyone here equate retirement with rotting their entire life away or something? Jesus.

>> No.6134631

>>6134541

It does sound like that to me in /biz/. I don't judge anyone's choices. It's just not an enriching life for me to sit and rot away with millions in the bank. I just want to get out of the rat race.

>> No.6134771

u can make it dear brother