/biz/ - Business & Finance

800k

>>17614103
That's it? How would u survive with that?

>>17614130
europe has cheap healthcare, 800k with a 5% yield would be enough to live decent in my area

>>17614130
you can survive on less than 500k in western europe

>>17614815
Absolute bums. Wtf kind of pathetic goal is that? Just go live on the fucking street, very "liveable" in western Europe. If your goal isn't literal millions then you are going to be broke and useless in a decade and that's just YOU. Never mind that you have no prospect if providing for a family or loved ones. Get a job, work hard for a few years and invest all of it so that you can get millions and have a family.

>>17614889
Ok boomer

>>17614075
250k is enough where I live

How do I turn my 1500 in 250k?

>>17614889
lmao what a fucking delusional wagie

>>17614889
>t. Boomer in love with work who will retire at 65
Kys

>>17614075
I'm aiming for $2M

>>17614075
500k. I work in financial planning for a living and sell hedge products during downturns when my own money takes a dump. I live extremely cheaply right now with no debt so I've got a good 10 years of growth without touching that $. Only concern would be emergency medical bills.

>>17614075
2.5 million €

>>17614984
There is nothing wrong with somebody who finds fufilment in work. Just as there is nothing wrong with you living a very meager existence of survival. It is all about personal attainment.

>>17614075
250k

i have 150k right now and contemplating doing it
but then i do the math and realize 150k is nothing

>>17614984
I make 200k+/yr, ofc waging sucks but I'm set to make at least $2m this year in crypto bc I was able to shovel so much into crypto in the bear market. I also have a family and want to provide a good life for them when I stop waging. to answer OP, I think $4m is my stopping point, but still never selling

>>17614947
Buy a 2m NLINK stack and then dump the rest into LINK

>>17615147
same
with a 4% safe withdrawal rate I'd have to be able to live off $6,289/year

>>17615190
Jesus, just get on welfare like a nig. What's the point of living on dust?

>>17615226
do people making 200k/yr usually ignore context?

>>17614075
$5 million

>>17615190
$524 per month is food, electricity, internet

>>17614103
I could do the same with 200k.

>>17615315
you need to factor in inflation

>>17614161
>europe has cheap healthcare
europe use a foreign currency which is mainly used for financial socialism (to help banks and corps), so expect public hospitals to disappear, together with democracy and sovereign nations

>>17614889
some people aren't bugs, and don't need to be constantly buzzing for a brighter and brighter lamp

>>17614075
I don't have a job

>>17615295
Yeah biggest cost is housing, although even with a paid off house, insurance and property tax will set you back quite a bit. Then there's cost of transportation on top, even just public transit would be another $80/month.
I think I could do it on 500k if I moved in with a few roommates.

>>17614889
>Get a job, work hard for a few years and invest all of it so that you can get millions and have a family.
how much do you think people make? let's say you put 20K$ aside each year, with 5% yield, after 10 years you would barely have 300K$, after 20 years of "hard work" you might have a million.

>>17614075
i just trade index and some equity options from the comfort of my house. If you're not doing this by the age of 25-26, you've done something wrong.

>>17614075
30mil

>>17614075
10mil and all i be doing is painting, creating music and raising my kids.

In Brazil, with U$350 and managing your assets you can live with a ~top 5% salary

>>17615566
350k* lmao

>>17614075
3.5 million in total with no mortgage.

>>17614075
At least $5 million. But at that point I'd probably still work part time for $50-70k per year so I don't get bored.

>>17614075
Bezos has hundreds of billion USD American dollars and he's still working

>>17615634
Rich guy working is different than waging.
Making high level decisions and having an army of employees do your bidding is easy mode.

>>17614889
fuck off stupid american
not all of us need 4 million for muh health insurance
500k is a completely normal lifestyle in northern europe

>>17615155
>I'm set to make at least $2m this year in crypto
lmao, because your shitcoin will 100x, right?

>>17614130
If you can't figure out how to live comfy for the rest of your life on 800k you're ngmi

20M

>>17614075
All of it

>>17614947
where are you? do you like it there? i'm in southern california and have 300k from buying a house in 2012 and selling in 2017.

>>17615714
you have no idea what you're talking about.

>>17616033
Try a 3x you impoverished nigger.

>>17615262
Definitely

>>17614889
OK ______

>>17616324
link wont 3x you pathetic wagekek

>>17616021
>Imagine relying this much on the government.
t.europoor cuck

>>17616402
Lol, cope

>>17614075
Eh, ideally around 2.5 million. That Also depends if I start a family in the future. I'm definitely moving out of the US once crypto moons again. I don't really spend my money on shit so I'm not worried about that.

>>17615542
This is the real goal. I expect to be there by 2021, hopefully sooner

I'm 46 and I just quit with about $300k in the bank.
Gonna sell my house on 5 acres this spring, hopefully get $350-400k for it) and buy a cheap little place for somewhere for $150k or so.
Gonna get a new truck and small travel trail and just go on 2 week road trips all over the West to go hiking and biking.
Right now I'm just waiting for the weather to clear and I'm gonna go over to eastern Washington state for 5 days to do some hiking and ride my electric mountain bike.
If I run out of money I have no problem going to back to work and sitting on my ass at a desk in my 60s. That's when I'll need shit like health insurance anyway.

>>17614161
>5% yield
are you talking about stock dividends?