/biz/ - Business & Finance

You only need like 3.5% for a fha loan...

*FIST* *FIST* *FIST* *FIST* *FIST* *FIST*

>>13190558
What are you gonna do when you're too old to work, the government can no longer afford pensions, and you've spent all your savings?

>>13190587
Continue to work or become homeless. Only really two options I have at that point

You have a poor mentally my, fren.

I'm going to make it, no matter what!

>>13190558
how old are you?
start doing uber and give handjobs for a few years.

>>13190558
USD is a meme. Buy bitcoin or gold, sell US equities.

>>13190569
Yeah if you want to pay higher interest rates and private mortgage insurance. Plus usually higher insurance rates.

i have 150k in my savings and I'm lower class.
you need to stop drinking kombucha and get a real job.

>>13190558<div class="like-perk-cnt">&#x2764;&#xFE0F;</div>

>>13190558

Absolutely This.

I only have 200k Link which is nowhere near enough to actually make it. All these Linklets with 10k stacks singing about 1k eoy are starting to piss me off with their propaganda.

It was a joke and they are actually believing it and causing FOMO in newfags preventing the dump. I need to make it to 500k before mainnet for fucks sake. Link is only going to $5 max. Right now I might make 1MM before tax on that, but tax will take a big chunk out of that then inflation will fucking ruin me over the next decade.

Even if I chuck the 1MM into a dividend stock that pays out well and I get 70k a year of it, it's not enough to beat inflation unless I basically live in poverty as a neet and keep my wagecuck job in the meantime so I don't have to sell any retirement Link. In 10 years that 70k a year will feel like 20k a year. You need a minimum of 2MM, but more likely 3MM to make it.

The upper predictions for Link where about $60 but that was made during the bullrun of last year, and it assumed that the overall crypto market cap would still be expanding and BTC would go on to 1MM a Bitcoin and that we would be in a full blown crypto FOMO hype bubble when mainnet came out and we got our price singularity.

All of that isn't going to happen anymore. The singularity is cancelled. Now we will have a slow growth to $5. And the sad but ironic thing is most people on this board will hold from 20 cents, to $5 and then hold all the way back to sub $1 again because you all believe the 1k eoy memes, and just like the retards who held BTC and didn't sell at 19k, you will do the same with Link at $5. Looking at the current charts depresses the fuck out of me when I know I only have 200k Link, nowhere near enough to make it.

At best I will have 1-2 sweet years, and then return to wagecucking after that. But it will be worse because I will have tasted freedom and know what I am missing out on

>>13190558
>former infantryman
>survived
>0% down, 3.2% interest rate VA loan
>closing costs at 3k
>I write a check for 3k, they give me keys to a 300k house
>mortgage for a 3br is cheaper than rent for a 1br apartment

they give us good deals because they know veterans are just better quality people

>>13190751
Kek. I’m just waiting till December when I’ll be eligible for that loan. I wonder if they’ll still give me a good loan with my credit being 550 and all

10/10 wife material
>>13190712
i just got a job after NEETing for a year. i already spend my earnings on booze and shit to make me forget how awful it is. people say they get bored of not working, but i find the only problem is not having any money to do anything at least occasionally. wagies are awful to hang around and they resent you for not drinking the kool aid despite trying hard to look like i fit in.
had 300k linkies, none now, dumped it for other shitcoins when they crashed much harder than link. after holding 1+ year
i've been spending my time after work trying to figure out another income source but i'm realizing i don't think there really is an easy way out.
at least natlies nice to look at

>>13190712

those dimps goddamn, what a chad.

>>13190779
ha prbly not.
I had a 770 credit rating.
Also I was really into options at that point and when I was first setting it up, I had a feeling that the FED was going to drop interest rates at their next meeting so when they first offered me it was 3.5% lockin but I pushed it back.

Honestly the most baller, most profitable trade I made besides stockpiling $100 bitcoin.

>>13190569
>paying the lowest down payment possible at the top of the housing bubble

>>13190558
Hopefully your income increases over your life... Most people don't start day 1 making 100k.

15k/yr is pretty good for now. Slap that into a roth IRA.

>>13190820
>infantry
>770 credit score
Kek, at least I’m honest. What do you have to prove lying about your finances on a Chinese picture board?

zero savings, spend all my money on ordering food

if i cant retire off my 1.0 btc in 2050, ill just go live under a bridge when i can no longer work

or maybe robots and universal basic income will save me. that would be sweet

>>13190558
Saving is a meme, saving + investing is not

>>13190874
How do I find something that will give me 7% return tho!

>>13190874
>40 years
>literally waiting until you become a boomer before you can finally enjoy life

>>13190934
Stock market, it actually returns close to 9%/year at least in America

>>13190558
>tfw you'll never have her

>>13190662
>>13190844

Maybe in a blue state not everywhere are housing prices so out of whack fucktards. Just keep renting. I'm sure the landlord is real happy. My mortgage is the same price as my rent was. Who am I kidding you larpers are still living with mom.

>>13190792
hehe i remember being fucked on hydro at 6am in the wagie breakfast room acting like i am also depressinglxy staring into the blank. meanwhile inside heavens harps and trumpets haha god i hate wagies especially low end ones

>>13190952
>using the longest and biggest bull run in the history of the stock market as your default metric

>>13191032
That's going back to 1820, the most recent post 2009 bull run has annual returns of 17%

>>13190972
So they're measuring it in number of slaves needed now instead of number of slaving years?<div class="like-perk-cnt">&#x1F494;</div>

>tfw my Mom got herself life insurance and her Dad had a 401k that I'm the beneficiary to
I'm curious as to what the 401k has on it, but I don't want to think too much about my mama passing.

>>13190558
I never cleared 6 figures and retired at 30.

>>13191188
How did you do it?<span class="fortune" style="color:#0893e1">

Your fortune: You will meet a dark handsome stranger[/spoiler]

>>13191139
I'm saying rent doesnt go down when housing """crashes""". Some evidence suggests it actually goes up. How much do you pay in rent each month? Multiply that by 12 and that number by 30. You seriously cant find a house/condo/apartment under that mortgage cost. God I hope you all are nonwhite and never reproduce.

>>13191207
Extremely frugality and leveraged high risk investments. No crypto.

>>13191276
You do realise rent goes up from time to time?

>>13191361
So has the population... but my mortgage is locked in which was the same as rent in 2016. I dont want to get priced out or forced out and have to commute over 5 minutes to work in some gay subburb or commute town.

>>13191405
Ok now I see what you're saying. You're opposed to renting. At first it looked like you were in favour of it. Anyway I rented for a while while travelling for work and it sucked, got kicked out twice because the landlords wanted to sell the place.

>>13191305
What kind of high risk, if I may ask?<div class="like-perk-cnt"><img alt="" width="160" height="160" src="//s.4cdn.org/image/xmashat.gif"></div>