/biz/ - Business & Finance

>>15768591
You inspired me to wear the suit I bought in 2017 but never wore once. I bought a Tesla this weekend so I should probably stop wearing sweatpants and basketball shorts with meme shirts and start acting like the rich bastard I am

>>15768591
Honestly this isn't even that hard to achieve, just dont be a fucking mongrel who spends every penny they earn on toys and overpriced food and services. If you scrimp and save religiously enough you can excel financially while making less than 30k a year

>>15768656

>Just dont be a fucking mongrel who spends every penny they earn on toys and overpriced food and services

It's pretty hard for normies to not "BE A GOOD CONSUMERRR, WASTE YOUR LIVES ON GOOOOODSS"

But if you find purpose outside of material goods, yeah making it is easy.

>>15768679
>normies can't exist outside of material culture
Why is this so true though? It's like a child who always has to have their way, but instead of throwing a tantrum when they know they cant/shouldn't have something, they put it on their AMEX and buy a new car every 3 years. Do they sincerely not know that you can actually wait to buy something with cash? On a side note, why aren't more of them killing themselves from being locked into an infinite positive feedback loop?

>>15768715

idk man but you're right and watching it I feel like it's an addiction and they don't realize this because everyone else does it.

>>15768591
based this is me. except i got a late start.

>>15768591
This. grind it harder faggot. Just fucking grind it.

>>15768656
Soo... Become a jew?

>>15768784
>Yes, good goyem, spend all of your money and live in perpetual debt to my credit scheme
Why are you retarded?

>>15768801
Why do you take meme posts on inageboards seriously

>>15768656
The only thing of real value is experience. You can always use that to make money if you need it. With this in mind the optimal strategy is clearly to spend all money you make and burn all bridges to maximize experience in dealing with hardship and to motivate yourself to move forward.

It's way too late for me.

>>15768914

Quitter fag.

22yo jobless highschool dropout here what do? No I'm not going to kill myself God will send me to hell

>>15769285
>Highschool dropout
Oh dear lol...

>>15769290
please fren please...

>>15768591
>kings
fuck off with this nigger shit
/biz/ has been a low IQ board ever since March of normies 2017

>>15768814
>being retarded
Yikes

Bulgarfag here, done the same since 21. NW around $250,000, half of it is in crypto (including stablecoins on defi platforms).
Any other eurofag have any idea what's the tax situation if I decide to invest in US stocks once the recession hits?

>>15769285
what's your IQ?
If 125+ learn to code, otherwise I can't help you

>>15769285

School janitor? Learn a trade?

>>15769478
I have no idea what's my IQ
>>15769510
I'm studying gastronomy my dad got some money and is payig for it. Will this shit get me a fucking job?

>>15768591
I think most people view early retirement too optimistically.
Even if you have a respectable net worth in the low millions, there is so much uncertainty in the economy, politics and society that you should probably price in a 50% or worse haircut on your assets in the coming years.
There are no 100% safe assets. Even real estate will likely be taxed very heavily or expropriated entirely. The Green New Deal wants to "touch" every building in the US, and while this exact plan may not come to pass, something very much like it will come unless there's unprecedented resistance. But the turmoil in that may even be worse. As far as precious metals are concerned, just look at past gold private property bans such as FDR's ban that lasted for 40 years. As far as stocks are concerned, the index never really recovered from 1929 highs due to bankruptcies, and even if you pretend there weren't any it still took 30 or so years for the nominal (not inflation-adjusted) value to recover.
Be very careful about the career bridges you burn because you think you "made" it, and seek diversification - preferably not just in terms of asset classes but also geographically.

>>15769572

If it gets that bad dude we've reached boogaloo levels and then none of it even matters.

If the world keeps functioning, and you've set yourself up right, early retirement is fine.

>>15769572

If you want a safe space just buy gold/sliver. Every millionaire should have a pound of gold or two hidden away. I'm not a goldbug, its a hedge NOT an investment, but no matter what it will always be worth something to someone somewhere.

>>15769572
>Even if you have a respectable net worth in the low millions, there is so much uncertainty in the economy, politics and society that you should probably price in a 50% or worse haircut on your assets in the coming years.
even if doomsday occurs, you're still better off having shown financial responsibility. Otherwise you're a wagie in debt who just lost his job.
>There are no 100% safe assets
We're not striving for 100%. We're striving to be the best off in any situation.
>Be very careful about the career bridges you burn
This is 100% true.

>>15769731
Like I said, that isn't entirely safe either.
A gold ban, say in conjunction with a new gold standard, could heavily criminalize it and thus suppress its value for many decades to come. It probably comes out as a haircut for you either way even if you get to recover its value after many, many years of waiting.

>>15769285
High school drop out here.
Learn a trade.
If you end up hating it, study on the side.
GL

>>15769807
>>Even if you have a respectable net worth in the low millions, there is so much uncertainty in the economy, politics and society that you should probably price in a 50% or worse haircut on your assets in the coming years.
>even if doomsday occurs, you're still better off having shown financial responsibility. Otherwise you're a wagie in debt who just lost his job.
Exactly, so my point is just that you should consider putting in a heavy safety buffer as well as strong diversification into relatively safe assets in the next few years. As opposed to just following such-and-such yearly withdrawal rate formulas that sounded good a while back.