/biz/ - Business & Finance

>>17636023
Obvious typo btw, need a 30x

Im all in WRX & PNK

>>17636023
>>17636032

>>17636032
It's a 6x you fucking idiot.

>>17636050
30 * 10k = 300k

what u mean 6x?

>>17636058
It exponentially grows. stop trolling me, how do you even have a job.

2-4-8-16-32

>>17636023
I thought software engineers made decent money. How do you only have $10k saved up?

>>17636065
thats not how it works

what you are describing is a 32x... not a 6x

>>17636085
half my salary goes to taxes. i could save up 300k but it'd take me 6 years. i live life below my means quite significantly

>>17636085
software engineers dont make much money btw . other professors like teachers, nurses, janitors etc often make more

its very location dependent... you have software engineers in the bay area making 200k/yr but then again you also have janitors making 300k/yr https://time.com/4555692/san-francisco-bart-janitor-salary/

>>17636023
i have a little over 400k. i've been wearing the shirt i've had for 2 years for the last three days. i haven't taken a shower or shaved for a week and i haven't been anywhere except to get food for more than a month. the last time i had a haircut was over a year ago. i go to bed when i want and i get up when i want. i hate fucking clocks and mirrors. i can't speak for anyone else but this is making it for me.

>>17636023
Have any more learning aids like that ?

>>17636088
that's a 6x, it's exponential. What you're describing is 3000% increase.

>>17636098
>swe isn't that gr8
w-w-what about if I had a masters?!?!?

I thought I could make 300k if I put my grind on.

100k

>i would buy pic-related
>invest 20k in crypto

I am all in on RSR. Gonna aim for 2M. I feel as good about this one as when I discovered ETH at $7 and XRP at $0.006 so pretty much all in for me

>>17636098
I make $160k and 60% of it goes to me after taxes and 401k get deducted. I'm able to save 50-60k a year after living expenses .You're either a larp or very terrible with money.

>>17636023
im a helpdesk tech and i already have 300k on a debit card

>>17636098
Post pre- and post tax salary as well as your basic budget

>>17636211
stop posting your garbage shack, If you buy this goddamn thing I'm gonna make fun of you even in the archives.

>>17636234
What, over 10 years, kek.

Not even worth it. I quit after 6 months but it was a student position. Barely paid me anything either, wtf. Yeah hol'up, let me generate thousands of dollars of repairs in a couple hours for you for $20.

>>17636023
After Link netted me $750,000, and I put $600K into DAI, all I need is for LINK to hit $10, and FRM to 10x, and that's it. I'm out. Local bitcoins in Japan or Korea. House in Serbia with cash.

I'm 95% of the way there, and gaining daily on my DAI + Ferrum staking.

comfy.

>>17636065
the absolute state of this cesspool board

>>17636165
hmmmmmmmmmmmmmmmmmmmmmm no

>>17636149
god i wish this was me

5M in assets that generate 5% annual income

33mil and I can quit my work and live in freedom.
Less than 33mil I have to still work but I'll be certainly in a more comfortable position

300-500k and I'll be able to set myself up. Buy up some rental properties and water for roughly 10 more years (tolerable) and I'd be able to coast by and let the rest of the world burn

Rental properties and wage*

>>17636211
>I want to live in a cuck shed

Have you tried starting a real business?

I generally make about 6x pretty constantly. Obviously it's not an exponential 6x, but if you take into account a 6x inventory turnover, a $2k investment yields approximately $75k per year. Reinvest a portion of that into new products to grow as quickly as you like.

>>17636165
Has to be bait but what you're describing is a 5 times doubleing, thats a (2^5)x or 32x.
Even if you're so dumb not to understand the difference between multiplier and exponantial the answer would be an exponential of 5 and not 6

200k would be my “make it”
I have ~2k usd as passive income.
200k would pay off my property and allow me to rent it out, it’s a single family I’m converting to a duplex. Then use the rental profits to purchase a few acres and build a smaller, but luxurious house.

>>17637231
RA or PL?

>>17637353
All private label. RA and dropshipping are low hanging fruit with meh margins.

First product cost nothing, makes $13-15k/month. I invested nothing into it as they were samples.

Second product coming back online in a couple weeks. $12.99 retail, $1.7 cogs. Net is $6, so 3.5x on that. $16k/month sales, 3x yearly turnover. Original investment of $8500.

Third product online cost $48, I net $130, so 2.7x. Total investment $38k, 2x/earnings turnover currently but sales have only been going 3 months so I expect sales to triple with a 6x turnover. Like $30k/month when it starts selling, only about $5k now.

Final product in pre production cost $2.85, price is $15.99, net like ~$8. Around 2.8x on that. $22k/month, original investment approx $7500. 6x turnover.

Mind you this all started from my original product profit, so I count this all as part of my original roi.

If I assumed just original investment amounts, I paid $55k and will generate around $985k/year of which around 40% is take home money net of reinvesting into inventory.

Not bad for starting with around $2k of living money and some samples 2 years ago.

>>17637468
Well done brother! Did RA for a few years, about 80k/year in profit.

Burned out. Looking to start my first PL.

Do you source everything from china? (encountering any supply chain issues due to the virus?)

Also, when you say product cost nothing - your not taking the initial investment into consideration right? (usually takes 2-5k for initial order + 20-30% on top for marketing/launch)?

Thanks again.

>>17637468
Also, what's your criteria for PR if you don't mind sharing?

Mine
1. Market size
2. Market size vs competition
3. Differentiation potential
4. Brand potential
5. Profitability ROI
6. Competitor KW risk analysis
7. Passion for niche?

>>17637519
My initial product was comprised of free samples from a manufacturer I met from a friend. Cost me nothing to launch as it was a unique niche product that started selling pretty much the same day I listed it and got a few buddies to give a review for.

Usa, china and brazil. I got my last order out before corona. My pre-production is slightly delayed but nothing crazy since im still making final changes to design.

>>17637533
1. Sales
2. Cost
3. market saturation
4. reviews

>>17637535
>>17637552
Thanks for your insight!

Best of luck to your success.

>>17636023
To me making it is financial independance, a loving wife and children, good health and likeminded friends to share it with. And maybe a nice doggo.

>>17637559
you as well!

>>17636023
to me making it looks like this:
>having a profitable company, even if small
>buying a house with cash
>having enough money so I will never work for Mr. Shekelberg von Langnase ever again
I guess a million euro should cover it. Probably less.

>>17637339
>have ~2k usd as passive income.
How?

>>17636149
Sound exactly like me even the mirror thing

>>17636149

>>17637468
Do you get your products off alibaba/taobao? Or directly from a manufacturer?

>>17638301
Mostly alibaba, too lazy to go direct to china or deal with taobao logistics since it's not for usa.

>>17636023
>So when I make it I'm going to start my own company and just live easy and free.
starting your own company is not easy.

>>17636041
>just borrow negative interest free money forever bro
>just lend money to wagecuckerinos at (((goys))) interest rates bro
easy when you have central banks covering your ass

>>17638484
I see. How many items do you order at a time? Doesn't shipping take forever?

>>17638502
easier than making a 1000x return gambling on coins...

>>17638624
3-4 months full turnover time for china, 1-2 weeks for my brazil stuff, 1-2 weeks for american stuff.

>>17636211
Is that a she shed?

>>17636023
>software engineer
>my goal is 300k
>i've currently invested 10k usd
>so all i need is a 10x
>10x10k=100k
You're a good software engineer

>>17636023
whose TA is that?

>>17637231
What do you sell?

>>17636050
>>17636058
>>17636065
>>17636508
This are the people shilling you Link

>>17639275
“These”, Ranjeet.