/biz/ - Business & Finance

>>55115185
good post anon, you remind me of myself eight years ago. Here's some line-by-line advice:

>earn $82k as a financial analyst
not great, not terrible. Presumably you're one or two promotions away from a manager role making six figures. Consider branch-swinging to a similar role at a different company to increase your income if they don't promote you to manager after three years.

>net worth: $75k
great nest egg for being less than two years out of college, you should be proud of that

>$12k in checking account
too much. You should only keep as much money in your checking account as you need to pay one month of credit card bills + rent. Keep any more in there and you're throwing away interest income for no reason

>25k in GICs
you're 23 years old, you have literally an entire lifetime of human capital to sell; why would you be investing like a 75 year old man? Stop investing in obscure downturn protection insurance products and just buy the S&P 500 like the red-blooded young man you are

>$5k in gold, $5k in silver
not a good investment but it's fine as long as you don't put any more money into it; I got rid of all my silver three years ago when I realized it's a waste of time

>$5k in BTC
smart, though I'd allocate more since you're young and you have ~50 working years left to cover any losses

>Don't go out to eat ever, if anyone asks me I just say "sorry I'm broke, I have to stay in today"
you should accept invitations to restaurants but refuse invitations to bars. Even at nice restaurants you can find something to order that costs $20 or less, so if you drink water and don't order an appetizer or a dessert, $20 is a reasonable price to pay for hanging out with friends. Whereas hanging out at the bar you're expected to spend much more money. You need to accept at least some of these invitations because it's easy to forge friendships now but it will get harder and harder as your peers buy houses in the suburbs and get married.

>>25683459
maybe so, but working for a few years off and on as your net worth fluctuates between $0 and $100k, and never being able to permanently retire, doesn't seem like the comfiest way to live

>>17042038
30-year-old boomers reporting in

>>13094196
>real proud of my boy, workin the rigs outsida Fargo

>>10417971
I think some people forget that pre-2017 at least 70% of posts were babbies' first business questions and complaining about "wagecuckery", but with suicide as the solution rather than magical internet coins.

Late 2017 did have better crypto advice.

>all you had to do was hold bitcoin

>>10368236
Drink of champions

>>10255056

>>10075212

>>9755169
s i p s b o i s 2 0 1 8