/biz/ - Business & Finance

>>13782162
It's actually true with right inflation set up.
You should really think about how much dollars you keep printing.

>>13782162
according... to who motherfucker?

>>13782162
inheritance.

>>13782162
Maybe half of all millennials are based and fedpilled and know that by the time they are 50, USD will have inflated ridiculously and anyone can become a millionaire by flipping burgers.

>t. textbook dunning kruger

>>13782192
This. Any millennial who owns their own home and lives a normal life span will probably hit a mil personal wealth at some point. OP is, as always, an idiot.

The amount of times I've heard friends say "When I'm a millionaire" it's not even funny.

>>13782162

American Millenials are all losers. Period. They spend more time whining, crying, and blaming their parents (who pay for their lifestyles) than actually doing anything to better themselves or their own lives.

That's why Gen Z has already surpassed Milennials in achievements, despite the age gap. Gen Z actually works hard to achieve shit. We're already way more successful than the loser millenial generation.

>>13782246
Fuck you boomer

>>13782235
that's a very common joke though

>>13782217
>Maybe half of all millennials are based and fedpilled and know that by the time they are 50, USD will have inflated ridiculously and anyone can become a millionaire by flipping burgers.
You can thank your "greatest president ever" for that. Have fun paying off that debt for the rest of your lives.

>>13782262
Oh they're not joking.

>>13782246
Successful at what exactly?

>at some point in their lives
Extremely vague.
If you dont fuck up very hard then by 70 you absolutely are going to have 1mil in assets.
Most boomers are millionaires simply because of the property they bought on the cheap 40 years ago.
The difficult part is getting to a million BEFORE youre an old fart

That's not even a high goal. Figure your typical above average person, they will earn about 70-80k a year. Nothing crazy but also not inner city hood trash. Just a normal lower or middle class wage. Invest in the shittiest boomer stocks you can find and get 8% a year. Invest very small amount each year and you are a millioanire in your 40's, maybe 50's if you didn't get a real job until your 30's. What's concerning is all the millennial expecting to not be. Maybe they don't know what inflation and appreciation are.

>>13782258
Stay triggered, loser. Go protest or break some windows somewhere & cry. lol

>>13782287
>That's not even a high goal.

Here in the bay area, an average house costs a million. Being a millionaire is barely upper middle class here.

>>13782268
>he thinks that the debt will continue for another 50 years
Not gonna make it anon. Secession and cold war revolution by 2040.

>>13782162

>everyone will be a millionaire

Lol.

>>13782162
> They're not wrong.
USD will hyperinflate and a million dollars will not even buy you a used car.

>>13782321
Most of those dumbshit american niggers will end up turning on themselves and murdering each other. That entire country is just pure shit.

>>13782380
Rising tide of technology will cut short that prediction.

>>13782246

Gen Z are literally losers and will be worse than the boomers. You are delusion and probably a Zoomer yourself.

Millennial being shit is a boomer meme because they feel threatened by our success and lifestyle.

.t Millennial who's made 120k this year already

>>13782162
>depression hits
>deflation goes crazy
>central banks print like crazy to get out of deflation
>hyper inflation happens
>everyone's a millionaire now
gg everybody

>>13782192
Thank you for making my point for me.

>>13782346
And to think my school made me read of Mice and Men.

Fucking commies

>>13782450
doing what?

>>13782450
lel, keep posting your vacation trips on facebook
>implying Zoomers aren't going to use their ludicrous crypto wealth to usher in the next industrial revolution and the Fourth Reich

>>13782246
Stop typing and have a drink of water. You'll thank yourself later.

>>13782608

Buying Chainlink.

>>13782642

I don't have a facebook, and I don't post vacation pics. Keep seething zoomie.

>>13782595
Steinbeck is a genius and I think socialists should all hang. He was from a different times nigger.

>>13782642
zoomers don't care about crypto

>>13782268
To be fair from the image the debt also close to doubled in the preceding eight years - 2000 to 2008.

>>13782683
They will once their favorite ~social media influencer~ buys it

>>13782691
shut up obama bad republicans good

>>13782642

Oh and it will be millennials ushering in the 4th industrial revolution, not the zoomers. You fags are too poor to own more than a suicide stack anyways.

Us Millennial held jobs for years and had large savings that we could dump into Link.

Oh and based Sergey is highly liked to be a Millennial, or a borderline Gen X'er.

>>13782595
Not an argument

>>13782313
not everybody wants to live in yuppie zimbabwe

monogamy never took root in america because incels see themselves not as an exploited proletariat but as temporarily embarassed chads

>>13782427

>technology will increase revenue more than interest expenditure through interest rate hikes / massive deficits and entitlement spending in the current demographic upheaval

Can someone spot me a picture of a retarded Wojak for this comment please

>>13782162
Boomers 2.0. Their brains completely turned into mush by the (((media)))

>>13782722
checked but no they won’t zoomers have myopic and solipsistic interests, they simply don’t have the patience to invest in anything that doesn’t involve swiping or double tapping

>>13782794

Holy shit nice

You have to be a millionaire if you want to retire early, and many millenials want to retire early.
As long as they have a decent income and they save properly, it's possible by 40's and 50's.
Or they gamble on cryptocurrency like me and fail and work for the rest of their lives.
Also, the cheaters that were born to rich boomer parents will be millionaires from the inheritance.

>>13782849
>Or they gamble on cryptocurrency like me and fail and work for the rest of their lives.
I fell for this
I had enough if I had done 2 more holds right, and 1 sell right
I had my finger on the sell button and didn't pull the trigger
i almost made it

>>13782794
that doesn't make sense

>>13782162

>at some point in their lives

I thought I’d be a millionaire since I was a kid, and then I was a millionaire for about a week when I hit 22. Feels good to BTFO the boomer who wrote this. Lost everything obvs or I wouldn’t still be here.

>>13782747
No one claimed it was an argument you commie faggot.

>>13782691
The debt only increased by a trillion once during that time, whereas it exceeded it almost every year of his presidency, and that's despite the Iraq War having been in swing 5 years prior to his presidency and ending officially three years into it, and the war in Afghanistan having been ongoing for 7 years before his administration.

>>13782896
>I was a millionaire for about a week when I hit 22
story?

By the time they retire a million dollars will be nothing.

>>13782672
you made a 120k on chainlink, I made a 120k on chainlink, everyone on this board made 120k on chainlink. Millennials are retarded

>>13782896
Every day I find a coin with low volume that hovers between a very small amount of satoshis, relatively consistently. I never play with money from my savings. I buy one satoshi low, sell one satoshi high, at a high volume, producing between a 3 and 7 percent gain each time I do this. I have been doing this consistently, starting at five dollars. I am at $250 right now. I have never cashed out. I have no idea how much taxes I am going to owe on this. Cryptocurrency terrifies me. I am old.

>>13782944

Yeah that guy with a 1k suicide stack made as much as me. Sure.

>>13782918

>cashed out to pay taxes since I was on a KYC exchange so they knew all my data
>jumped back in with 500k
>JUSTed by the crash

Only upside is if the 15 btc I still have ever hits 1 mill again, I’ll only owe 250k in taxes since my cost basis is 500k

>>13783038

>cashed out to pay taxes then bought back in

Are you the goodest goy of all time. Why the fuck would you cashout just to pay fucking taxes? Were you daytrading like crazy? Just fucking pay the taxes when you cash out for real.

>>13782925
only one here who gets it

>>13782975
godspeed you, shitcoin liquidity provider

>>13782268
Now post who started the debt after WW2 debt was payed off and take it to the "Current year"

>>13783098

My exchange sold me out to the gov you dumb faggot. If I hadn’t cashed out I’d have been in debt to the IRS. They literally sent me a letter.

>>13783444

So you were a daytrading faggot then?

>>13783444
checked
also >not flying out of the country with your gains to live a comfy life in south east asia

>>13782246

Why participate in a system that is rigged to only serve the Jew?

Zoomers legit freak me out.

I am 1990 master race so my childhood and teenage years was right in the midst of the transition from pre-internet age. Zoomers grew up post-Internet age immersed within memetechnology knowing no different and I think they are genuinely fucked because of it.

>>13782691
SHUT THE FUCK UP AND GO ALONG WITH THE BOOMER MIND CONTROL

>>13782313

Only like 30% of the adults in that area actually own real estate though, and a lot of them don’t have close to 1 mil in equity even if they do “own” a house.

By 2030 a million dollars will be the equivalent of 300,000 by today's standards.

Once again boomers miss the entire point.

>>13782246
>Gen Z has already surpassed Milennials in achievements
>We're already way more successful than the loser millenial generation.
fucking kek
OP makes a thread about delusional millennials and this zoomer retard has to outdo them. keep on trading your 100 dollars worth of bitcoin between fortnite games, chief.

>>13782745

Sirgay is like 26, he’s only a few years shy of being a zoomer

>>13782246
Millennials talked shit about Gen X in almost the exact same way, but then the economy imploded and we all had to grow up.

>>13783684

Shit really, I'm 26 myself. If Sergey is the same age as me, he is really fucking well accomplished for his age.

>>13782321
unironically based and redpilled

>>13783470
A mil won't get you very far and the government will try to extradite your ass

>>13783709
Hes in his 30s

>>13783578
Buy pharmaceutical stocks. Boomers are all on old age meds and zoomers are all going to be on ADHD meds.
>storefront captcha had a pharmacy in it

>>13782162
You think aiming for a million is being deluded? Try living solely off of the idea that one day you'll be a billionaire lmao

>>13782268
I have never liked that spook. Not in 2006, not in 2019.

>>13782975
At the end of the day, collecting satoshis is what it's about.

Don't sweat the tax man just yet boomie, you aren't even on they're radar.

>>13782162
A 401k will make anyone a millionaire. I don't get what is so hard to get. Responsible wagies all become millionaires.

>>13782235
My favorite is when they say "if I was a millionaire I'd give away X or buy X for my friends and family or the poor"

Like, nigga, you'll never be a millionaire. You give away compounding gains.

Their. VtT got satoshis but misses their.

Do better Elon Musk.

>>13784491
*csssk*
*sips*
Ahhhhh

>>13783444
You still use them? Should have raised hell and done whatever it took to damage the company. Unethical as fuck, don't let them get away with it. Taxation is theft, and just because you're ok with it it is still wrong. You aren't the only person paying taxes. Where is your sense of justice?

>>13785407
The article is trying to pose it as "millenials think they're the rich, they are FOOLS!" when in reality it's "millenials know that fucking over higher-wealth people is a bad idea because that includes their parents and grandparents, and will include them when they come of age". You don't fuck your future. "News" tries to sell the opposite advice to those easily influenced.

>>13782683
Zoomers don't care about anything

>>13782246
Zoomers don't even invest. At least millenials made bank on bitcorns and ETH

a million decades ago could get you roughly 10 middle class properties, now it's just about 1-2.

not the same

the current millionaire equivalent would be about 5-10 million

>>13782162
I'm a millennial and I KNOW I will be a millionaire by 35

and millennials are right, just for the wrong reasons. wait till hyperinflation kicks in

>>13785731
Were already seeing high rates of inflation and i dont see it getting any better.

>>13782162
They’re in for a rude awakening

>>13782346
Fucking jew scum. Socialism never took root because people back then we're more independent and skilled and didn't need to enslave their neighbor to get by.

Large numbers of people think they will be millionaires, but very few will actually work to make it happen. Very few will invest in long term strategies that give them assets that build up, very few actually look ahead to more than a week in the future, and almost none actually try saving anything.

>>13782246
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHA
the only financial achievements you have are repeatedly stealing your mom's credit card to buy vbucks. get fucked zoomer faggot

>>13782450
Thx for the social security, fagenniel.

I'm a millennial who's halfway to being a millionaire.

>>13786594
No more Jewish bad mouthing. I will make this clear to you once and only once. Keep the Jewish peoples names out of your mouth punk.