/biz/ - Business & Finance

>>54385743
You don't really want the car. What you want is for other people to be envious of your car. You are thinking about spending a shitload of money in order to garner the envy of other people. Most of whom you probably think are retarded (they are retarded). This is the game 99% of successful people play, because past a certain point, more money doesn't make their life any better. They can't bear to give up the game, so they keep working 100 hour weeks so they can make partner and have a Maserati instead of some shitty Land Rover. It's absolute insane nonsense.
t. former big 4 accountant

Look niggers, OP is right. If I own part of a company, I expect to get some of the profits. Of course I want the company to invest in growth, but if the company pays no dividends and publicly says they have no intention of paying dividends in the future, then all you're doing is hoping some motherfucker stupider than you (a tall order) is going to pay more for this non-dividend-paying piece of shit than you did. It's absurd.
t. retired millionaire living off of dividends

>>54124906
Probably not, but it's safest if shit matches. Also, the statute of limitations is 3 years after the due date, or after the return is filed, whichever is later, assuming there is no fraud involved.

>>54098195
This is definitely a consideration but I would argue it's a different world now. I remember 2008 and before the crash the only people talking about fed policy dominating the market were gold bugs and "crazies". Now everyone knows the market follows the fed. Printer go BRRR memes are normie fodder at this point. I think that will cause a much more rapid turnaround once the fed folds on fighting inflation.

>>51206793
>casual art career
If doing what you love means doing what a bunch of other people also love, then you aren't going to make shit, unless you are the very very very best. It's economics.
Everyone wants to be a faggy artist. If you want to make money at art your competition will be intensely fierce. This also applies to all sorts of "living the dream" jobs people want, like being an actor, working with animals, hell even psychology. See how much education you need to actually make money in psych. Master's degrees making $14 an hour, it's embarrassing.
Anyway, my point is that you need to disconnect making money from your fun hobby, painting. Then you can just enjoy yourself and not worry about AI painters that make you look like a kindergartener.

*crack*
*siiiip*
Back in my day the exchanges were run by the Russian mob and had trollboxes. Those were the days.

gamestop is back baby. gonna buy some cartridges tomorrow to celebrate.

Sold all my LINK to buy XCM today at 9c.

>>25687532
LOCKED AND LOADED. LETS FUCKING GO

It's more of a release of tension for me. The shit can't just go up exponentially forever. I hope it stays at 19k for a few weeks.

>>23916420
This anon, posting from different device
>>23916615
Yup, this was over 20 years ago and I always look back on this experience and wonder what the fuck I was thinking. The first of many hard lessons. While I did wagecuck for nearly 2 decades, I retired at 36 to live like a peasant. If bitcoin moons I can move out of my trailer.
>>23916681
Yes, big time. The job I got next was arguably worse. I feel like living through that shit toughened my resolve to stop working though.
>>23916887
Thanks. I did, arguably, make it. Sometimes people are a disaster as teenagers and make up for it later.

>>23600333
I haven't twisted anything around, I quoted you verbatim. I have yet to see a single serious "coupon clipping" post on biz, nor anyone scolded for buying a new car. You seem to have this resentment for an invented life that only exists in your head, of people utterly consumed with not spending any money so that they can retire at 62 instead of 67. The truth is something much more reasonable.
Some people curtail their wants so that they can retire 10-20, maybe even 30 years early. That means driving a 20 year old Toyota that still runs good, even if you could buy a Porsche outright. Part of making that decision is understanding that past a certain subsistence level, the only purpose for spending more is to garner the envy of other people. The envy of other people is of little tangible value. So you can spend your paychecks on a Mercedes payment and $18 cocktails at the trendy club, or you can drive a 20 year old Toyota and barbecue in your backyard. The former will net you some really great pictures on social media, but the latter will allow you to stop wagecucking.
Maybe other people see it differently, but to me, nothing was more important than throwing off the chains of a 40 (or 50-60) hour workweek. It dominates your entire life. People think they "work to live, not live to work", but the truth is everything they do is arranged around work.
Retiring early is possible, without being some kind of obsessed freak. I just want people to know that, with discipline, you can do it too. I never clipped coupons, or avoided spending time with friends. I drove cheap cars and lived in cheap houses. In those cheap houses I rented rooms to people I knew. The houses I now rent out are far nicer than the house I live in. No one is impressed by my lifestyle; I don't even have social media. I have enough to enjoy my hobbies and interests, and even to take a few trips a year. And, most importantly, I will never wagecuck again.

>>23414876
It was never on point. It was always just wagie cope.
>Just wagecuck 30 years then save up millions of dollars wagie.
>Once you have millions of dollars you don't have to take shit from your boss anymore.
This is what the average person really thinks. That you should still have a boss despite having millions of dollars. Cause you can't escape your wagecuckery without being filthy rich first, and if you just wagecuck a little longer, you'll make it! The true redpill is that you don't need all that money to be free.

>>23404251
>>23404543
What are you even buying a company for, if not a dividend? Just that someone will buy it for more than you did, who will also not get a dividend? This is one of the problems with the stock market today; it's a popularity contest instead of buying profitable companies that provide returns. If I own a share of a company, I expect to get a share of the profits. Of course I want them to reinvest in growth, but at some point, they need to start paying the owners.

>>23252808
I have assets and if they sued me they could definitely collect 100%, plus interest and fees.

>>23219953
I did. Easy and practically a guaranteed job after college if you aren't completely retarded. If you are smarter than most of the other accountants (not hard) you can be a CPA and start a real career and be making 6 figs 5 years out of school. Long hours, high stress, but but a pretty simple and reliable way to mid-high pay wagecucking. I quit after 7 years to NEET forever.

>>23128101
These are the only stocks I buy. If the company doesn't pay dividends, what is the point of owning it? Some other retard will buy it for more from you. That's speculating, not investing.

>>21653966
Waste of dubs faggot

Rolling for 500k

>>21088807
Not sure how replicable it is today but I'll tell you what I did. I saved money and bought a house every two years. I actually moved into it for the more favorable lending terms. I kept the old houses and rented them out. Eventually I had several houses providing moderate cash flow (<$1000 per month). Started buying crypto in 2017 (January) and continue to hold. Bought a couple other assets during that time which I have sold for some capital gains. After quitting work, I bought some land in the middle of nowhere for cash. No wife, no kids. Unless crypto moons, I will pretty much be poor for the rest of my life. Free though, blessedly free.

>>20266559
>in the end the IRS always gets them
The IRS loves having this big scary reputation. I'm not just saying that; I went to a recruiting event for the IRS when I was in college and they literally said they sometimes audit people, even if the audit costs more than the tax recovery, because word spreads of that persons audit and they think it increases compliance.
That being said, what you have to realize is that there are way too many returns and not enough IRS people to catch all the cheaters. Not to mention the returns that are just done incompetently. In addition, the people that work at the IRS are generally not the cream of the crop. I've seen them audit returns and require minor adjustments while totally missing huge errors that would have been 10X the recovery for them.
Depending on the type of return, the IRS audits between .5%-2.5% of returns. Most of those audits are just a letter in the mail telling you to pay what they think you owe, or asking for more information or evidence on one particular topic. One thing you can't fuck around with though, is if someone else reported to them your income, i.e. 1099, W-2, etc. So if Coinbase reported you (Coinbase should also give you the 1099) then you have to put it on your return.
This is just a LARP, I don't know shit, always pay all your taxes and always comply with tax laws.

>covered in poison ivy bumps and every muscle in my body hurts from working in the yard all weekend
Wtf all the memes made it sound nice to be a 31 year old boomer

>>15305480
Every two years I bought a new house and rented out the old one. Bought a small building with my business partners too, like 5000 sf. Got come crypto too, which gives me a pretty good chance of a moonshot.
>>15305674
Hobbies, reading, exercise, shitposting

>>15285322
Not exactly. 6.2% SS, 1.45% medicare, for 7.65% total. But that isn't the actual total, the empoyler has to match it so you are looking at 15.3% of your money disappears before you even get it, before you even have to pay income tax. Additionally, this tax is taken out of your first dollar earned even if you only make minimum wage. The payroll tax is a big part of why I stopped working. It's such a disincentive, to really build any wealth you HAVE to start getting money somewhere other than wages.

I've had 2 3-year leases. I got them both on manufacturer's incentive deals, like the one you linked in your pic. My most recent was a nissan altima for $211 per month with 2500 down. If your goal is to drive a reliable newer vehicle without a high monthly payment, it can be a good deal. If your goal is to drive as cheap as possible, it's nowhere near the best deal. So I guess it depends on what you want.