/biz/ - Business & Finance

>>58132895
Bought in 2018 using a down payment assistance program, paid 6k to move in.

Home went up 220k in value from 2018-2022. Took an offer from Blackrock to sell it in March 2022. Cashed out roughly 200k tax free.

Dumped the 200k into BTC in 2022, it's now worth 600k.

>>58024229
You're nowhere close.

>>57573437
yep

advice i was always given was "go to college, get a good job, buy a house"

its boomer-tier advice but it works

graduated 2011, got job for 45k/year, bought townhouse in 2013 (125k), got sick of sharing walls, rented it out for 1600/mo

got a raise to 75k/year, bought second home in 2018 (325k), got sick of living in the desert, rented it out for 2700/mo

real estate equity is over 400k, income 4300/mo, liabilities 2100/mo, net 2200/mo

earn 120k now, 100% WFH, all cash goes towards stocks/crypto, retirement accounts have 250k (pension), stocks/crypto have 400k

obviously could have made it big and invested in other shit earlier, point being that following normie-tier advice can make you a millionaire at 34

although being a millionaire isn't shit anymore

>>57282580

It puts you in the top 5% of all adults under 45. Pic related.

> $1,200,000 to retire in boonies or slav country near sea. This is NOT making it, this is existing without waging. Any emergency will wreck this tier.

$40,000 a year "income" from investing one million.
--AND new trailer/old house in the boonies with a rusted out 1967 Camaro SS OR $200,000 apartment in slav high rise in actual city.

If achieved at a young age - enough to rise, travel, take classes, and support yourself through medical school OR work on a business in poverty. You can also get into some expensive sports, such as Formula Ford racing (~$100,000 / season).

> $2,000,000 to retire as middle class

All invested to withdraw 4% post-inflation for $80,000* "income". Sufficient if you live alone. Tight for single-income family.

> $3,000,000 to safely retire as middle class

$80,000 "income" AND $500,000 to cover NEW middle class house near fly-over city, $500,000 as an emergency visit to the ER in the US if you get a papercut. If anyone poor ever gets to 3 mil, they should probably pull it and invest it safely. At that point, their future is secure barring any true black swans. Its enough to do whatever you want if you commit - become a surgeon, mathematician, researcher, pilot, start a small business, etc all while living a comfortable life. Only a few hobbies are out of reach in terms of expenses, e.g. automotive racing.

If you are under 30, this is enough to have a personal trainer, dress well, be well groomed, have a nice apartment, and actually live life a little instead of waging nonstop - go on dates, invite people over, travel without counting every penny.

>>56388730
400k at 36 is top 10%

>>56144236
I'm still top 3% for my age. Would have been top 1-2% if I sold my BTC.

>>55772999
I got full remote in 2021. Ended up moving from California to the Midwest and bought a home here.

I'm stuck. None of the jobs here pay anywhere near as much as my WFH job does. My interest rate is below 3%, so buying anything else would nearly double the mortgage payment.

Not sure what to do other than to wait and keep stacking cash. I'm doing better than 95% of people my age which I guess is OK.

>>55442325
>no one left to buy
>student loans

I know it's hard to ask Zoomers not to be narcissists, but at some point you need to realize that there are people out there who earn more than you, have been doing so for decades, and have been taking their earnings and dumping it into investments, which are growing exponentially.

And they have no problem spending their money on an inflation-protected asset that they'll spend the majority of their time in.

>>55077957
How the fuck are you this far behind at 40? You have no woman, no kids that are draining your finances. And just now you're thinking about marriage? That ship has likely sailed.

In your late 20s - the time when most people have student loans paid off and they're finding a partner and saving up for a down payment, housing conveniently crashes to historical lows. Why the FUCK didn't you buy then, when mortgage payments were significantly cheaper than rent?

You had a 10 year bull market throughout your late 20s-early 30s, the time where everyone is climbing the corporate ladder, meaning anything you invested you were getting 2x-3x returns at worst. And you Roth 401k only has 100k in it?

You want to stay close to NYC because of family and dating, but you've spent 2 decades there as an adult and you're broke. 78k is poverty in NYC. You should be well into the 6-figures at this age. You're throwing away 30k/year in rent and utilities and 20k/year in taxes. After transportation expenses and food, you have nothing to invest. Living with your parents is the only way to survive - but you're fucking 40.

Your only chance is to latch on to some desperate roastie in her 30s who has her own place who has her finances in better shape than you. The best investment you can make at this point is investing in your fitness to raise your SMV to have any shot with a woman.

>>53787039
You're still in the top 10% for your age.

>>53090939
your image is a meme

>95th percentile
anyone else in this spectrum?
what are you doing to get to the next tier?

>>52999954
fake

>>52982985
top 10% net worth but bottom 10% social worth

>>52960600
top 5%

>>52248412

Those are US numbers. Iirc this is updated for the last 5 years.

>>29934034
>>29934034
>>29933999
According to this I’m below average for my age and education level (bachelors degree).

When you factor in the number of unemployed people, the fact that half of any age group is women, and the fact that only about half of my age group are white, then you must realize that the average white male is roughly in the 90th percentile for any age group, so as a white male in the 25-29 category with a bachelors degree I am actually far below average.

Any 1%ers in here?

Well?

What would you like to drink? We also have a non-alcoholic menu too.

Have you made it yet?

>>24121625