/biz/ - Business & Finance

But I have a soul.

>>14891982
So you want us to exploit another world wars economic boom and feed off of all of our parents old institutional money to make more?

>>14891982
we dont get high interest at the bank, we dont have high wages, we dont have strong unions, we dont have save jobs
all we have are boomer parents who dont understand shit

>>14891982
>you followed the same strategies
their strategy was to buy low sell high...
its already high...crypto is now low so thats our chance.

How do we buy a house for 100k?

>>14891982
> implying we live in the same world anymore

>>14892007
>>14892009
Add in social services is nown 42% of the budget and God forbid we don't let in millions of uneducated third world "refugees" every year and give them gorillioons of dollars every year.
Fewer whites and asians (the tax payers) every year in the US
More Hispanics, blacks, and third worlders (tax recipients)

You followed the same strategies that helped them build their wealth

>Investing in a stock market pumped with stock buy backs and low interest rates

>Investing in over priced real estate pumped with illegals inflating the the market

>Shipping my business over seas to cheapen labor rates and hire h1b visa chinks to under cut american works

don't worry you will be torn from your ivory towers when the next recession sets things right

You're right. I'll just pay off my four-year degree with my Summer job while I'm still in school, breeze into a job with one of the many companies out there that's eager to pay me well and train me as a long-term investment that they'll hold onto for decades, and buy a nice house in a good neighborhood for cheap after saving up my plentiful disposable income for a year to make a down payment.

I can't believe I never thought of that before.

So just don't do college, get a minimum wage job and support a stay at home wife with two kids baka get paid enough to buy a 500k house and know it will go to 5mil.


Easy.

>>14892032
>This is the excuse every millenial ever uses.

>>14892197
You could literally make all of that happen if you worked long hours, low test fucker. Get your shit together and go get two full time jobs if you have to. Use your energy.

>>14891982
you mean scam the young yea wow thanks for the tip

>>14892414
>viewing yourself as young
If you don't grab yourself by the sack and get out there and make money then nobody else is gonna do it for you. Maybe just maybe boomers just have bigger nuts than you.

Imagine having 80iq. Very easy for OP since it’s just him being himself

>>14892441
ad hominems wow go fuck yourself

>>14891982
Outsourcing, stagnant minimum wage, and rising housing prices have made it impossible to do the same amount of work as a boomer for the same rewards.

>>14891982
You mean being born at a time when real estate was incredibly cheap, education was incredibly cheap, jobs were plentiful and even manual labor jobs paid well?

>>14892197
Don't forget to pickup a loving stay at home wife who's eager to raise kids

>>14892472
>outsourcing
right because every single employer in America outsources their work.
>stagnant minimum wage
Very few employers actually pay minimum wage. It's typically far higher.
>rising housing prices
That's just a part of inflation, anon
>made it impossible
You excuse finding fucker

>>14891982
>OP gets BTFO and immediately runs from his own thread
Why are boomers so pathetic? Day of the pillow when

>>14892401
One of the worst posts I have ever seen in nearly a decade of browsing here

>>14892516
I didn't imply it's impossible to make a good living, I implied it's impossible to put in the minimal effort boomers did and have the same outcome.

>>14892552
>Throws out an ad hominem is all
Hey fag, why don't you attempt to refute? Or, you know, just be a quiet a fag who throws out ad hominems. Also, get off your ass and go make something happen. That's literally what people have done since the dawn of time. But instead you choose to piss and moan about it while being assfucked by your boyfriend

>>14892401
>You could literally make all of that happen if you worked long hours
1) No, I cannot magically make education and homes some modicum of affordable again by giving my bootstraps a good firm tug, retard. Nor can I fix the toxic "muh quarter" corporate culture that they created as soon as they became managers. Stop being intentionally obtuse.

2) Don't get it twisted. I'm still going to get mine, no matter how hard these Boomer faggots have been working to slam every door they walked through behind them. They're not going to beat me. I'm just realistic about the fact that stealing moves from their playbook is off the table.

>>14892508
How could I forget? Having my pick of women who weren't raised to feel threatened by me as a glass-ceiling-repairman who might hold their career back with a burdensome and totally eco-unfriendly set of kids is the best part!

>>14891982
i don’t care about boomers wealth because they still have boomer lives. i have money and unlike boomers my life is not a sad joke because the rest of it will be long and filled with variety. the opposite of a boomer situation. you don’t realize that crypto offers a better opportunity than any boomer had. any thing else is cope. you can still make it, i made my fortune as a bear in May- November 2018 and as a bull April 2019 until now. link was my only long term hold and 50% of my trades were bitcoin to dai / vice vers. don’t cope by saying if only I was here 2011, 2013, 2017 / whatever. its bullshit. if you don’t know the math and programming meme you weren’t paying attention when the smart people were here all telling you to hit the books. finance does not require a high of. with these tools that are available for free you have the ability to make 100x or more. you lazy bastards want someone to give you signals when you don’t have the skill to execute on them. thats why most of you aren’t rich off link, you didn’t know how to interpret reality from empirical structures, you looked to be spoonfed- that’s what your downfall was, no ability to see for yourself

>>14892533
I'm not a boomer but boomer status is my end goal. As this anon said >>14892427 grow a sack. Stop bitching that other people had it better/easier than you and go and actually do something to improve your situation.

>>14892703
Both education and homes do become more affordable again if you work 16 hour days and end up making a few hundred a day.

>>14892637
your arguments are nigger tier , sir

>>14892731
You actually had me going for a little while there, but the bait's a little too obvious at this point.

>>14892637
He could do it if he also lived with his parents at the time, but if he's going to school while working full time to support himself wages likely won't exceed $17/hr for any entry level position and that would be considered a pretty good wage while going to school imo. If it's the same location as this wage where I live the average house is $300K and a 20% down payment on that is $60K.

I still live at home and basically live off nothing and have managed to save up about $35K after a year most of which was through investments. I guess somebody could do this for two or three years and they'll finally be able to afford a down payment on a house without the need for mortgage insurance which would easily add another $150/mo or so onto their payments. Housing prices are absurd anywhere there are available jobs unless you want to move into a nigger neighborhood or commute for close to 2 hours each day. But this is near large cities

>>14892722
how many bootstraps did you have to pick yourself up by to get to that mentality sonny? Don't worry you'll get that $1 raise in a few years. Memes aside most of the complaints about boomers are the mentality you exhibit right now. The idea that the world is exactly as it was 40 years ago, plentiful opportunities everywhere, houses for dirt cheap, you can handshake your way into a good job, etc etc. For those of us that don't have a rich mommy and daddy or their boomer parents didn't take advantage of the system while they could living in the current state of affairs is an absolute shitshow and you know it. You can't refute these points either which is why you shit all over every thread with "UUUUUUUHHHH WORK HARDER".

>>14892801
No bait. Hear me out, anon. If you were to work long ass fucking days, you could stack money and then eventually set a date in the future where you're going to say fuck it all and take some time off to recover. You could then use that sweet cash to ponder some business ideas or do a little investing. That's it.
>>14892817
You saved up $35,000 in one year, that's some impressive stuff, anon. What you also could do is keep saving and then move somewhere with a lower cost of living. Once you start saving money, you are so far ahead of everyone else.

>>14892195
This desu. All any boomer had to do was put a few dollars in the stock market every week and they'd make it. Poorfag retailers buying those bags now are going to get justed beyond belief. Same goes for housing. Boomers are gonna go full scorched Earth and panic sell their equity and housing bags (that they bought for 1% of what you paid for them) and JUST every millelianal that was dumb enough to buy into their ponzi.

>>14892871
That's what I'm trying to do my man, I just wish my place of employment offered overtime. They had optional overtime when I first started and worked my ass off but over time they started cutting all the extras, no more overtime, no chances at moving up, no new people getting hired on, etc. Considering looking for better work so here's hoping

>>14892897
Well you already saved up 35,000 so you're really only saving more at this point and in my opinion it doesn't really matter what you do as long as you can keep saving and are doing a job you don't mind. but cheers anon

>>14891982
>I would need a time machine to take me back to the post WWII economy, where the U.S. was the only nation left not in ash and rubble.
>Then, I'd need Nixon to initiate the petrodollar plan right as I'm getting out of college, so I can enjoy 14% U.S. treasury notes as I'm starting my career.
>I'll need a 10x growth on my house within 10 years after purchase, which will set me up nicely for the 20 year stockmarket boom that starts as I'm hitting my 40's.
Then, all I'll need is a firm handshake and some gumption to make it happen. Boomers had it all figured out.

>>14892817
> but if he's going to school while working full time to support himself wages likely won't exceed $17/hr for any entry level position and that would be considered a pretty good wage while going to school imo
The sad part is that even this is an absurd/unrealistic expectation. Even living in a major Northeastern metropolitan area, the vast majority of work you can get around here without a 4-year degree doesn't even get anywhere near $17/hour until you've been working 4+ years and promote up to management through raw experience. And even that generally demands an Associate's, minimum.

And that's assuming you do work, and therefore dick yourself out of muh internships that the Boomers you'll be sending resumes when you get out all consider a rite of passage. When you're a student, most Boomers are offended by the idea that you'd even expect a wage at all.

>>14892871
>If you were to work long ass fucking days, you could stack money and then eventually set a date in the future where you're going to say fuck it all and take some time off to recover.
This is literally propaganda that Boomer middle-managers peddle to bait you into working insane hours for shit pay until you burn out to pad their retirement fund with bonuses for the hot quarters they whipped their employees into cranking out. Two protips: 1) They never actually did anything close to that themselves when they were in your shoes, and 2) The imaginary day when you're done getting burnt and are free to "recover" after giving your all to them never comes. I repeat: You padded *their* retirement fund, not *yours*.

>>14892997
But if you worked two jobs you could stack more paper than the middle-managers do.

>>14893050
Look up interviews/podcasts with successful entrepreneurs under 40 and other non-Boomers who actually pulled off their escape of the rat race. The consensus among *those* people is that nobody ever earned their freedom by doubling down on the Boomer's Bargain of trading time for money. They do it with savvy personal fiance/investment/business decisions.

I repeat: The Boomer playbook is off the table. You have to get smarter. Their bootstrap-logic is specifically engineered to trap you in their game. Play your own.

>>14892817
I'm not saying the world is the same as it was back then, but there are still opportunities. Literally anyone with an internet connection can make money. You can bitch about it all you want but your circumstances aren't going to change unless you change them yourself. Focus on building different incomes streams. wagecuck if you have to, start a side hustle/ side business, invest in cashflow producing assets ie dividend stocks/real estate.

>>14893146
>I'm not saying the world is the same as it was back then
You literally started this thread with a post that boiled down to "JUST DO WHAT THEY DID AND YOU'LL BE RICH LMAO" you fucking faggot.

>>14893200
How did they get rich? Real estate and stocks?

What did I just say in my last post?
>invest in cashflow producing assets ie dividend stocks/real estate.

>>14891982
>boomers
>wealth
What? Who says that? Most boomers are broke and living off of social security.

We need to follow the Greatest Generation, that saved/invested their money, and built wealth.

>>14893280
>JUST BUY THINGS THAT GO UP LMAO
It's getting harder and harder to believe you're not fully aware of how obtuse you're being.

Boomers "got rich" by spending all of the money they *didn't* spend on education getting the most expensive personal residence they could possibly afford along with whatever blindfold-dartboard smattering of stocks their broker insisted was a good idea. Then it worked out, because everything just went to the moon anyway. Are you really going to try to call this actionable advice for the current generation coming up?

>>14892076
But immigrants are just blamed for it. The fact of the matter is Social Security for these boomers and eventually all Americans in general is a huge issue. Too many old need support.

>>14892871
>work harder, not smarter
lol my dude, i work whenever i want and make $120/hr doing it, my clients adore me and beg for me to work more but not only is the ball in my court, i own the ball and the court
"hard work" is for cattle and draft animals, use your brain and start a business

>>14893783
And what do you do, exactly

>>14894054
>>14893783
He LARPs for a living

>>14891982

Hahahahahahahaha How The Fuck Is Not Making It Real Hahahaha Nigga Just Walk Away From The Screen Like Nigga Close Your Eyes And Wait Until Your Parents Die And Inherit It All Haha

>>14891982
You mean accumulate a shitload of assets before and during the greatest bullrun the world has ever seen and inflate our currency to 0 through cheap leverage and low cash reserve ratios?

That's genius anon, why didn't I think of that in 1950?

>>14891982
imagine instead of playing by the boomers rules, I ignored them and went into smarter alternatives?
good luck paying your social security