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/biz/ - Business & Finance


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16093874 No.16093874 [Reply] [Original]

I'm turning 20 tomorrow

How can I guarantee myself to be a multimillionaire by my 30s?

10 years bros

>> No.16093877

>>16093874
Stay in school

>> No.16093883

Electrical Engineer and live like a Pauper.

>> No.16093888

>>16093877
>Stay in school
>Making millions
Kek, wagie

>> No.16093895

>>16093874
Short LINK

>> No.16093903

>>16093874
LINK should hit singularity within the next 12 years. I would /all in/ if I were you

>> No.16093908

FTM

>> No.16093916

>>16093908
This

>> No.16093922

>>16093874
If you have to ask you wont make it

>> No.16093927

>>16093874
save your money
find a profitable passion
become an expert in the industry

in 10 years you could take a chunk out of any industry with hard work, passion, and craftiness
there are self made businessmen groups that meet and discuss how to most efficiently deal with problems that arise and they stick together and network through each other
that'll be your best bet in my opinion

>> No.16093941

>>16093922
This. You're asking the blind to lead the blind anon.

>> No.16093947
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16093947

>>16093883
This...
Excellent advice anon.

>> No.16093948

>>16093874
Put $10k in crypto

>> No.16093953

when I was 20 bitcoin was only $10-20 each
I just bought a bunch and lived in my parents basement
I made a million but I have no business skills
the skills you learn in business are worth more than a dollar amount because it allows you to continue to make money, this is my current problem

>> No.16093954

>>16093874
GRAVEL
R
A
V
E
L

>> No.16093957

>>16093874
I bought crypto at 27 and was a millionaire by 29. You're fucking lucky to have so much time

>> No.16093961

Go away from /biz/

>> No.16093964
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16093964

Stop thinking about how to be a millionaire and just start working hard in something you love. All these people trying to get rich quick are basically skill-less losers.

>> No.16094014

>>16093874
Become a freight broker

>> No.16094023

>>16093874
probably with some mix of college, leverage investing, and living with parents

>> No.16094162

>>16093883
This

>> No.16094168

https://www.morningstar.com/funds/xnas/ryvyx/performance

>> No.16094204

>>16093877
dont stay in school

t. bs and ms in cs and almost 30 with a net worth of 30k

work an easy job buy bitcoin and long it

>> No.16094235

>>16093877
fpwp

>> No.16094241

Do not become a wagie
Rack up passive income and be an entrepeneet
You’ll soon find waging will want to make you put a bullet in your brain. Don’t fall for the schlomos telling you to get a “comfy” job.

If you go to school, keep the debt under 20k. If it’s higher it’s much harder to avoid the pressure to get a real wage cuck job.

>> No.16094246

Don't get married.
Seriously.

>> No.16094268

>>16094168
>not tqqq
fucking gas yourself

>> No.16094299

>>16093964
Not to mention if you throw away 15% of your life, the best 15% nonetheless, living like a total pauper, just so your back can hurt on a comfier sofa when you're 40, you're a fucking retard.
in the end of that playthrough, you die with 80 million in unspent wealth for the government, your trophy wife, and your ungrateful kids to collect on and 80 million regrets about places you never saw or things you never did.

The trick to living the dopest life you possibly can is low sleeping expenses, remote work, investing in highly risky futures you understand well and cashing out early, and saving enough to slow down when you hit 35 and invest in a comfortable home.

>> No.16094321

>>16093874
I've fallen for every meme under the sun from military to college and so far the only memes that have given me a decent return on investment have been simply wagecucking something that isn't retail, basic labor, or fast food. And buying LINK/BTC

You do you though anon. If I were you knowing what I knew I'd be getting a loan, buying as much LINK as I can right now, and paying it off with a job. Maybe consider student loans to do it if you live in the US. If I would have done what I'm doing now except 3 years ago I would have already made it when /biz/ was shilling me ETH at $15

>> No.16094345

>>16093953
You could go to school to get any old degree, or invest that million while still living in your parents basement.

>> No.16094355

>>16094204
What do you spend all your money on

>> No.16094376

>>16093877
idiot
>>16093874
buy btc. Margin trade a bit too, but dont go crazy with it

>> No.16094394

>>16093877
okay, maybe I go too far by calling you an idiot, but you seemed to imply the only way to succeed is by being a wagey. No. Thats the bitch way.
School can be okay to gain a job that offers good capital. Thing is op should wait imo (or just do the first 2 yrs at a CC).

Reason is the btc halving is historically bullish as FUCK and op needs to buy before the halving then long with low leverage

>> No.16094400

>>16093953
Business school is for the kids who have social skills but lack brains. STEM degree + social skills = god tier

>> No.16094480

>>16093953
I did 3/4 of a business econ degree. It's mostly bullshit if you want to be an entrepreneur. Even with a job related to business, you're better off on your own.

If I were in your shoes, I'd look into wholesaling on amazon

>> No.16094508

>>16094345
I have it invested and live in a $1,000 a month cuckshed
life is dope I just go to the gym, the weed store, and the park almost everyday but I need a purpose
my only passion is bitcoin and I still study it and test the latest software on LN and stuff

>>16094480
I was thinking along the lines of if I were to diversify into something like real estate, cafe, dealership, I don't know anything any business idea
wholesale amazon seems like a cuck plan unless I can hire 15 people to do all the leg work for me

>> No.16094516

>>16093883
actually pretty good advice... you don't belong here

>> No.16094533
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16094533

>>16093874
Buy a Lottery ticket as soon as possible each drawing. So you can fantasize about actually winning.

>> No.16094543

>>16094394
>he actually thinks public knowledge isn't completely priced in
found the retard, probably a dropout

>> No.16094551
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16094551

>>16093874
You only need 1 BSV.

>> No.16094600

>>16093874
Ask your parents for $1,000,000.
That’s how I become a millionaire. And I hustled to turn that into $1,042,000.

>> No.16094730

>>16094543
you dont even make any sense. The fuck do you even mean by "public knowledge priced in"? Speak english, retard

>> No.16094746

>>16094508
>unless I can hire 15 people to do all the leg work for me
its literally operated basically as a sole proprietorship. Its basically just using software to know what items to buy from suppliers and knowing how many to buy. Only reason I havent started it is since Im all in btc until a year after the halving

>> No.16094764

>>16094543
pseudo intellects are the worse. Saying bullshit jargon in ways that dont even make sense LMAO. Pathetic as fuck

>> No.16094775

>>16094730
i made perfect sense, you just dont get it

>>16094764
hopefully others will join in and laugh at you for attempting to turn this around on me, when clearly the deficit is on your end

>> No.16094799

>>16093874
I guarantee you won't. The number of 30yo millionaires in the world is absurdly low. Also, this board is retarded and delusional for thinking otherwise.

>> No.16094800

>>16094543
The knowledge may be public but most normies don't pay attention to any sort of investment news. Personally I think that the powers that be (namely the whales) buy out journalists using halvening periods as a catalyst and primary motivator to pump the price and create seemingly organic price action. I don't think there is any part of BTCs price that is organic, this is a double edged sword if we assume this to be true. It means the idea that BTC will ever go below certain ranges is an impossibility as long as these entities are interacting with the market, but it also gives us the ability to actually predict large events in the market (pic related). The trick is to not look at the BTC market as one would a traditional stock, but rather look at it from the perspective of a person(s) who are freely able to control it's price. There are a few examples I can think of but one would have to be the fact that large exchanges offering significant margins on trades (10-100X leverage) stand to profit from liquidation. Every major pump or dump on BTC clearly undergoes a temporary swing in the opposite direction.

But that's just a retarded conspiracy theory of mine.

>> No.16094803
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16094803

>>16094800
Aaaaand I forgot the image

>> No.16094808

>>16094775
Then explain to this "brainlet" kek.

Again, what the FUCK do you even mean by "public knowledge priced in"?

That literally isn't saying anything coherent. Bunch of babble words :). Learn to speak english.

Cmon. Explain :)

>> No.16094816

>>16094543
ALSO, be sure to explain in context with my post because what I said and then what you said as a response makes NO sense.

Unless you are trying to say the halving is priced in (LITERALLy the only thing that can make any sort of sense).

In which case, you have down syndrome. Prove btc halving is priced in. Why wasnt it priced in with the other halvings? Why just now? Cmon. Dont just say shit without backing it up. Lets hear it, pseudo big brain intellect

>> No.16094818

>>16093874
eth

>> No.16094905

if you want the dividends of a millionaire, do 20 in the military....its guaranteed.

my retirement check is 2400 a month and i turn 40 in 2 weeks and have a comfy af office job

>> No.16094957
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16094957

>>16094543
Kek. And the pussy runs away.

>> No.16094973

>>16094355
school and unemployed for long periods of time. degrees arent what they’re cracked up to be unless you have a MD

>> No.16095851

>>16093874
become a janny

>> No.16096219

>>16094480
wholesaling what kind of things?

>> No.16096228

>>16094808
>>16094816
its not his fault if your to retarded to speak english desu

>> No.16096353

>>16093964

Why are you hating on laowhy86

>> No.16096361

>>16095851
We laugh about you all in our jannychat channel
You'll never make it if you aren't a janny

>> No.16096760
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16096760

>>16094204
>almost 30 with a net worth of 30k

Are you kidding me? What the fuck did you spend your money on?
Im 26 and have like 50k€ net worth and make around 25000k€ net after tax per year

>> No.16096781

>>16096228
>samefagging this hard
pussy. Explain then :) Dont hide under a new ID, down syndrome fuck. I btfod you "desu".

>>16096219
thats the hard part. You have to find the good items.

>> No.16096786
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16096786

>>16096228
>your
>to
>desu
holy shit...

>> No.16096791

>>16093874
3 month coding bootcamp. starting salary 100k+. work a few years and you're making 200k+. continue until 30. That's it.

>> No.16096796

>>16096791
Meme

>> No.16096798

>>16093874
I really wish there was an easy answer for this....oh wait, there is, just accumulate RSR and you wont even need 10 years to be a multimillionaire

>> No.16096833

>>16096791
what coding bootcamp? they all seem overpriced for what you learn (usually webdev)

I did websites and other projects before and am good with modifying and using existing code but shit at writing things from scratch, I've thought of taking some kind of coding boot camp but I don't know what would be a good choice to get a job easily afterwards

>> No.16096837

>>16096781
yeah I googled for a bit and it looks like it's pretty difficult today. People were zerging every possible item years ago

>> No.16096969

>>16093874
Ud have to find a link or btc at .05 cents and invest every paycheck or have a business with good streamline or revenue to compound into this cheap investment which will moon.
Silver is a guaranteed x2 in the next 20 years maybe even 5

>> No.16097108
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16097108

>>16094973
Sorry anon, I know the feel.
When I started seeing coding TOYS pushed on little kids, I figured it was a profession with a mentality of 'race to the bottom'.
Only way to make it now are if you have white collar certifications:
Actuary
MD
Engineer
etc
Too bad I'm a couple years older than you can't imagine going through the hell of school again.

>> No.16097277

Do what I do. If you live with parents take advantage and be smart with money. I make $2000 a month, $200 goes to rent and $100 for bills. I invest everything else. I get paid every two weeks and in that time I'm always thinking about what to imvest my money into next, so always make the smartest investments you can make because 2 weeks is enough to think about it and read about stuff. It also helps to write down a schedule on what to spend money on etc.. so you follow it and checkmark it once completed. Finances are hard when it's all done mentally. DCA is you best bet so that's why I invest every 2 weeks.

>> No.16097310

>>16097277
Don't waste your time in school like I did. I'm 21 and went to college right after high school (thank god I have a college fund). I don't work in the field and lost all interest. Just work hard and make to most of it, imvest every single thing. In a year or two I'll be set for life, and if not then it's been a good run.

>> No.16097360

>shill me your bags thread

Sorry OP no one of these faggots can guarantee you any decent returns in 10 years. You need to do your own research and carefully assess each and other project you want to invest into.
I don't want to shill anything, but I can give some leads to start:
- Look for superstar team, and by superstar I mean people were successful in traditional economy, not in the crypto (rules here changes monthly, previous experience becomes obsolete very fast)
- Think of why crypto got its popularity: it's decentralization which get us lack of control from government or corporations over our funds. it's security. and it's borderlessness - you can send funds to where ever you want without paying exorbitant fees for transnational transaction or waiting days for banks to "clear" payment. What projects have these benefits?
- Look at development, anything beyond working mainnet is risky as fuck and anything without ongoing development is also risky.

There are quite a few projects that have these benefits, if you want a shortcut. One starts with Algo, another starts with Polka.

Remember, always DYOR

>> No.16097378

Buy property

I started buying at 20. I have a few rental condos in a highly appreciating major city.

At 34 I am now worth $1.1 m, and that's taking it slow and calculated. I didn't rush to buy a dozen properties or over extend myself.

>> No.16097386

>>16093874
Get a job, invest , get dividends , play your luck with the lottery , get a hobby , become big on any platform. Easy but it'll take a lot of work.

>> No.16097400

Also get multiple deposit accounts because banks will limit your spending.

>> No.16097472

>>16094299
There’s a decent in-between based on how much cash on hand you have. If you’re 20 years old and can manage to stow away just three years into a Roth IRA at around 9% by the time you take it out you have over half a million. Plenty of time to live your life and still come to retirement with a decent chunk of cash.

The only way someone’s gonna be a multimillionaire by 30 is through some insane investment, starting a company, or inheritance.