/biz/ - Business & Finance

>>18967432
Go party?

>>18967432
https://www.youtube.com/watch?v=btAbU1sPqIM

>>18967432
not selling

>>18967432
dump half and buy a farm in Lithuania. fucking done. live cheaply, grow food and find a swedish wife, force her to Lithuania to live together and make babies. this is so fucking easy. 500k is enough to retire if you aren't a fucking consoomer clown. the other 500k i leave in crypto and see what happens

>>18967432
didn’t we just have this thread 12 hours ago?

Cocaine enemas

>>18967465
this is why you will never make it

Let it ride

>>18967432
Buy s house with land and 28 lavender grosso plants. Then buy a bunch of everclear and harvest the lavender and infuse it into the ethanol then evaporate the ethanol and sell the lavender essential oils.

Whats your plan?

1m is not enough to do anything so nothing

>>18967465
yeah but how do you even cash it in? can you actually sell all of that shit on Coinbase and actually have $1 million dollars in your bank account, no tax?

>>18967500
It's possible, but very tedious and time consuming. You might also need to pay for "other things" that may or may not outweigh simply paying legit tax

>>18967432
Literally get off the acid immediately
Seek urgent medical attention at psych ward

>>18967432
coom

>>18967495
retard consoomer faggot is what you are. 500k cash is more than most will ever see, if you can't make that work, while have another 500k crypto to play with, you are a failure

>>18967500
yup. cash it in on shitcoinbase, leave the country to someplace affordable and never pay the tax, unironically. it will be cleared in 10 years or so anyway.

>>18967432
First I get a new set of teeth made and installed by a high end dentist in California. I then buy a small 6 acre farm in a Valley, next I buy a Cyber truck and a used pickup with trailer, then I buy some cows and sought after hops to farm. That should cost about $400K the rest I invest.

>>18967465
>My goal is to be an eastern European peasant

>>18967479
making it is having enough. if 500k + 500k crypto to hodl long term isn't enough, you are a kike brainwashed consoomer loser, no question. if you need material flashy shit to make it you will always be a thirsty pathetic faggot

>>18967468
Boofing cock is awesome that warm sensation in your dick and stomach is amazing.

>>18967574
are you kidding? 500k in eastern europe you're in the upper class, especially if you're American. you could buy a beautiful working farm on a lake for 100k-200k and build your own massive estate overtime, very easy

>>18967578
you will never make 1m because your end goals are small minded, you can achieve them with 50k.

>>18967585
I was joking you fucking nig nog

>>18967432
buy more shitcoins

>>18967531
this u can buy a nice house for a family of 5-8 and 3-6 acres of land for under 500k in rural amarica within driving distance to a major city.

>>18967606
yeah, and you're gonna be a rockstar millionaire right? you've watched to many jew movies you idiot. if i made 35 million i would live the exact same way, wouldn't matter. life isn't about gay material bullshit, you just need enough. you'll never be satisfied when you have 35 million even, you'll keep chasing the same material bullshit, but to the next level. it never ends until you realize what's important in life

>>18967634
true but cost of living is much higher and the society is literally gay and disgusting. but yeah, you could pull it off here too, it's just a bit easier there, i live there part time already it's much nicer all around

>>18967657
imbecile im telling you that you dont need to aim for 1m$ if this is your life goal, just aim lower and you have a higher chance of succeeding, im not judging your goals but your road to the end is terrible.

>>18967465
what would you grow on your farm anon

>>18967432
Initiate crab 19

>>18967432
My shitcoin stack was worth $500k during the $20k bullrun.
I shoulda sold anon, I shoulda sold :(

Hold for 2mil, then watch it crash to 300k
>true story

>>18967943
>>18967934
how the hell are you supposed to cash it all in? there are daily limits on exchanges and selling to third parties is dodgy

>>18967900

chickens, goats, maybe some cattle, potatoes, cabbage, onion, carrots, maybe some alpacas etc. it's just to keep me busy and to have some supplemental foods to eat and play with. self sustaining homestead would be the end goal but don't mind going to the market once a week to get some food items or trade some of my goods. I'd also be installing satellite internet, solar, massive battery banks, industrial level fuel generator for back up etc etc

>>18967432
gotta hold for billion

>>18967432
never selling

>>18967432
You shut the fuck up
You get a fucking good (((lawyer)))
A fucking good (((accountant)))
Pay taxes, diversify, live off of dividends
Disafuckingppear

>>18967634
Wtf do i do with a fucking house lmao u nerd

I got 2 houses and farm anyway... meh

>>18967432
Pay off parents debt for letting me live the NEET life when i lost my job.

Buy a decommissioned lighthouse. Live in the lighthouse. Nobody knows me. I know nobody. Spend days fishing and watching ships go by. Spend my nights eating soups and stews and learning to play a fife.
>Only Salty Dogs make it in this world lads.

>>18967432
invest it all in epic shrimp farm

>>18967432
Every day these same posts get made with a different number attached. I’ll run through it one more time for you anon. Assuming you have good credit and a good job, that $1m at 70% LTV and a 5% cap rate would profit you around $115k (assuming all pass throughs to tenants via NNN leases). Assuming misc operating expenses, let’s just say you walk home with $100k/year as a landlord. Now, you could be satisfied and live off that for the rest of your life as your property appreciates around ~1.8% a year, or you could roll over that capital into a new deal end of year 5 and repeat the process. I know there are a lot of poor commies on here who hate landlords but there is literally a reason every rich person has it in their portfolio. This is obviously a super simplistic example and a proper DCF should be conducted to determine actual feasibility but you understand where I am coming from.

>>18967972
I was using QuadrigaCX to sell less than $10k a day.
And then the exchange went under with about 6k of my crypto because the world is a dark place.

In the future I will likely sell in person. You can usually get +4% spot rates, plus I can met crypto nerds and my degenerate friends don't give a flying fuck about any personal finance things.

>>18967432
Sell most of it, move to a modest house in a town nearby me that has cheap fiber internet. Reinvest in coins with good staking returns (XTZ, ETH soon). Set up a bunch of nodes at my house and live off the passive income.

>>18967465
Do you even know how to grow vegetables and caretake a farm. Its not like your steam games nerd

>>18967432
I thought about this today. I'd sell $700000 and begin sending it to my accounts.

>>18967972
Well it's easy if you verify and pay your taxes. At least here in UK it's only 20% which is bearable for the peace of mind not getting v&

>>18968061
I thought about what being a landlord would be like. I had a neighbour who came into some money, rented out his house, lived somewhere else and proceeded to get completely fucked by this succubus woman who refused to pay or leave the property. he ended up losing money because the government in my country hate landlords. I would be comfortable earning 6 digits a year though, I don't want an especially lavish lifestyle

>>18967465
based. don't let the faggots discourage you. minimalist and self-sustenance is the best lifestyle. although splurging and having a sailboat wouldn't be the worst thing either

>>18967432
Keep holding because it has another 100x left in the tank.

>>18968203
Want to know the secret anon? Commercial real estate. Residential real estate features the same issues you discussed, tenants trashing the place, squatters, etc. Commercial Real estate tenants are leasing your space to do one thing and one thing only, run a business to make a profit. They don’t care about paint color, tile chips, etc. They are there to turn a profit. I make my tenants sign personal guarantees as well, meaning they cannot refuse rent then duck behind a legal entity like an LLC. I’ve had no issues with my tenants, most rent for 5+ years at a time. All have biannual rent bumps of 3%. Just cover your ass and you’ll be fine, sounds like your buddy had an informal agreement with a renter and it backfired. The best part is if you truly cannot take it you can just hire a property manager. They’ll skim 2-3% off the top but all you literally have to do is collect the rent check from the property manager.

>>18968001
You'd really stop for $1800/month? On one hand, that's a lot of money, but on the other...if literally anything goes really wrong there's not much of a margin for error to absorb it.
I'd dump a bunch of it in /smg/ and /pmg/ boring stuff and keep doing what I'm doing for 5-10 more years to let it compound into a more moat-of-fucking-solitude level of cash.

>>18968255
>Commercial real estate.
makes sense. you'd have to be careful which businesses you let use your space though? like, a lot of sole trader businesses never make it and that could be a headache to have to go through. I'm pretty sure property managers take a lot more than that though. I knew a guy who is a professional athlete now and he just lets property managers take care of like 3-4 properties he has and he gets paid so much that I guess he doesn't give a fuck if he's not earning much from the rent, but it sounds too good to be true. passive income can't be that easy

>>18968171
grew up in farm country, bud. my parents didn't have one but many of my friends did so i basically grew up on farms, learned to drive on farms, ran all sorts of equipment and atv's on farms. i also started waging as a manual laborer at 14, so i've probably worked in shittier and more difficult situations, for longer hours in my teens than most do through their 20's.

>>18968258
You're 100% right
My point is to establish your wealth and not fuck it up and piss it up against the wall, as to keep the ball rolling and hit the next jackpot without fear of losing everything and ending up back at square 1

>>18967432
Forget everything I know. Take out a loan for more shitcoins, hodl them til my stack is worth $20k. Then tell biz I sodl too late.

>>18967465
Absolutely based & a lot like my plan. Estonia for me.

>>18967731
1m is unironically nothing though. That IS aiming low. 50k, even in Eastern Europe wouldn't go far enough.

>>18968207
A sailboat can actually be another good option though if you also live on it. Less than a house in a lot of places, if a government is pissing you off, sail away.

>>18967432
buy a loaf of bread

>>18967465
based and redpilled

>>18967465

bazuotas ir raudonom piliulėm apšertas

>>18968460
buying a cheap flat in estonia soon as this shit is over https://ee24.com/estonia/ plan to rent it out occasionally but mainly use it for visits after i buy my lithuanian or latvian homestead. also considering a cheap flat in ukraine too, if i need to stamp hustle my 3 month passport stays until i sort out visa. baltics are the shit. can ferry over to finland and sweden for fun weekend trips

>>18967432
probably stock up on water filters and vitamins and shit first thing

>>18968491
>>>18968207

i lived on a catalina 27 for 4 years. saved shit ton of money, sailed all over the sf bay on weekends, grilling, drinking, fishing, kayaking, etc. best time of my life. you can go visit any marina for like $10-20 a night guest slip. i used to go stay at fisherman's wharf all the time. if you're 18 and live in the pacific northwest or some other place with marinas and waterways fuck getting an apartment, buy an ericson 27 or a catalina 25-27 or 30, heck you could do it with a tanzer 22. you can scoop up one in working order for 3-7 grand and have the best time in your late teens and early twenties.

sailing lessons are a meme, i learned from youtube, sailing books and just taking the boat out little by little.

you'll have to make sure it has strong standing rigging and have someone who knows boats help check it out with you. but over time you will learn everything there is to know about sailing and boat maintenance living on a sailboat.

it's not that expensive if you don't have an expensive boat. just don't listen to boat yards they'll try to upsell you on a bunch of bullshit. paint the bottom every 6 years, have a decent outboard motor, make sure the standing rigging and sails are decent and you're good to go. also check to make sure the thru hulls are in decent shape.

>>18967972
Isn't the daily limit for withdrawing funds ?
Where did you see a daily limit to sell cryptos for cash on the exchange itself ?

>>18967432
Panic, there must be some mistake. How did it depreciate THAT much?

>>18967432
Sell half and put them into something more stable like bonds

>>18967432
quickly check how much the usd is worth

>>18967432
>>>your shitcoin stack is suddenly worth $1 million
>what do you do in such an unpresidented situation?
go outside and spend my dollars before they lose further value

>>18968472
in ee $500k is making it

>>18969165
Maybe some shitholes like Russia or Ukraine.

Slovakia 500k$ buys you one 4-5 room apartment in a good locality in a city.

>>18967432
Just checked my stack.
It's now worth 700k...
My first life goal was to become a millionaire before surviving the BTC market crash, the bear market and losing my emotions for 2 years.
Now I feel that I almost don't care as I try not to associate my happiness with a virtual number.

I will probably do nothing spectacular.
Maybe I will buy a Big Mac and thank Sergey when that happens.
However my goal is much further away and I still try to learn what my true goals in life are.

Maybe one day I will have a family and friends or focus on doing research on a topic I wanted to better understand.
Only time will tell.

>>18967432
only one mil? pfft, fuck am i gonna do with a million, buy half a bugatti?

Probably buy a small apartment, put 500k in boomer stocks. Assuming it was today probably put some money in ETH, XTZ and maybe LINK. Also no taxes on crypto here so there's that going for me

>>18968669
Also beautiful women and little to none niggers and pajeets. Am from Latvia, feels good man

>>18967432
I'd save up another $million to buy lunch at Taco bell.

>>18970055
literally no nogs or refugees. you don't really fully grasp what it's like until you go

actually going through the thought experiment of having 1 million dollars kinda scares me. it's like you're supposed to come to some sort of conclusion that indicates what you want to do in life and then you ask yourself why aren't you pursuing that goal at the given moment?

>>18967432
Damn I didn't think my 500 dollar investment into LOKI would do that

not even memeing i'd pay top tier thots to fart and shit in my mouth. no hoe under an 8/10 allowed. i'd do it for a few years until i go broke

>>18967432
buy 2 (two) bags of flour

>>18967432
live my life while not giving a shit about what people have to say. I like consooming and cooming in solitude.

>>18967495
Retard

>>18967495
hilarious. imagine not putting 500k in dividends at least to cruise through life.

>>18967432
Put it all into major banks and live off the dividends. Buy some tech stocks later when the bubble bursts and sell at the top.

>>18967432
>enjoy it for a couple of minutes
>take a deep breath
>realize in best case you're broke when you're 40+
>realize $1 million is nothing
I hope you got your million from chainlink. in that case you're gonna make it. otherwise you're fucked.

>>18967432
Leave the us before they tax the shit out of you

>>18967972
Gemini does otc trades off book. Quicker.

>>18967432
all on black nigga

>>18968814
Is this maintainable long term?
What do you do during thunderstorms?
How about sweltering heat during the summer?
As someone used to 24 hour air-conditioning and always having a tankless shower water heater, are these conveniences something I have to give up?
What internet connection types are available to you? Do you have to settle with mobile data?

What kind of daily maintenance/chores does living on a boat entail?

>>18970055
if you have 100k++ then latvia is supercomfy beyond belief
all your doors are opened

>>18967461
the look on her face as she turns around after i said "i want to smell your farts"

like surprised but pleased

masturbate to ecchi

>>18967465
>HURR DURR BLUR BLUR BLUR MUH PHILIPPINES ESTONIA LATVIA FARM MUH SELF SUSTAINARINO MUH THAI LADYBOIS MUH CHEAP COST OF LIVING MUH VIRTUOUS, SIMPLE LIFERINO.

Literally none of you will fucking do this because you're all a bunch of greedy fucks that will blow through all of the money. People say they wan this kind of simple life but that's all bullshit. Kys

>>18970775
yeah if you aren't a giant pussy. every marina has indoor showers. thunderstorm you sit inside and stay away from the damn mast, if really bad run for the car. summer heat? go for a shirtless cruise on the water, swim, enjoy etc

marinas have high speed internet, nearly all of them. chores: cleaning bird shit, washing boat after cruising if salt water splash, general boat maintenance you can diy most of it. not for everyone and it depends on your budget but for 18-23 year olds? it's the fuckin life, even in a shitbox. it's about the adventure. if you're 25+ living in a shitbox then well, maybe not the best idea but people dig it if you're young. you hobnob with a lot of wealthy boaters at the marinas and they respect you if you're young and living the sailing life, make connections.

>>18968669
>>18970055
>>18971307
How are tax laws in Estonia / Latvia? Especially for crypto? Anyone here live there and know any specifics? Also I hear that internet is pretty fast and cheap over there. I'm seriously considering moving there in the future.

>>18972088
>ahhhh i'm locked into a mortgage and a dead end job, i married a fat cunt who hates me. i jerk off all day and can't stop buying chipotle

plenty of people already do this tho and have been doing it for centuries. you mad, kike?

>>18967432
Cash out 10% into index funds to collect dividends. Cash out 4% more every year if it goes up for more dividends.

>>18968207
>tfw want a farm or a sailboat
>tfw i finally realized deep down we want freedom

>>18967432
cash the fuck out

>>18968814
Based , and with starlink most would be able to work freelancing(tough the corona economy may make the farm plan better).

>>18972242
take a few visits and check it out. i suggest flying into stockholm and taking the night ferry to riga. flights are usually cheap to stockholm. there's a bunch of expat info online about all your q's, each country is a bit different with pros and cons so you have to pick what's the right fit for your situation. estonia seems generally un bureaucratic and easy to deal with, most things can be done online. internet is fast because the country is small, also why it's easy to do egovernment in estonia https://e-estonia.com/

>>18967465
*narrator voice*
"And then the Muslim migrant whordes came over"

>>18967657
I'm the same way. All I need is enough passive income that equals my current wages and promises to beat inflation over the long term and I'm set.

>>18972454
they did, like 50 of them. then, they all jumped a bus to germany, look it up. baltics are still relatively poor with no gibs, plus the locals won't put up with that shit. it's not wealthy enough to pull that kind of scheme there. you can't dump needy migrants who get gibs in a country where the locals can't even get good gibs, they would literally start killing them if that happened. it's one thing when yu have it good and they take your surplus, it's another when they take what little you have, not happening

>>18972242
20% from capital gains are income tax. apart from that you can comfy using foreign cc like revolut and tax man cant get you.

>>18967604
Why would anyone want to live in eastern Europe lol

>>18972668
leave the rat race, it's cheap as fuck, can visit western europe if wanted for a quickish 30 dollar plane ride, no feminism, no nig nogs or mexicans, hardly any pc bullshit, you can make fun of faggots and nobody cares, it's an easy life if you aren't poor by their standards. beautiful countryside, ski trips to austria, visit beaches down south, sweden is a nice visit in the summer.

you're right, if you're a consoomer clown who needs a bunch of nutty cosmopolitan faggotry and walmart it's not for you then

>>18969185
Not true kys

>>18967432
get a comfy apartment. thats it. i dont mind working as long as i dont have to constantly worry about numbers.

>>18972804
you'd get robbed within a month because it would be obvious you have money and the police will do fuck all about it

>>18967495
Not true.
1 million in a short time period is huge.
A family who makes 200k+ with kids will take more than a decade to save that type of money. You're forgetting the biggest issue in making money, times consumes money. You need to live, eat, pay bills, we all have vices, people buy cars, houses, contract debt, etc. Living is actually expensive as fuck unless you go full neet and others support you. To be able to save 1 million dollars in 2-3 years is top tier.

>>18967432
My plan is to start selling parts of my stack right away on kraken/coinbase/bitpanda
Will follow link closely so I can understand how much should/can I leave behind, but I'm 100% cashing out a big fat chunk to live without caring about money. I prefer to cry over not making 5 million instead of 1 than making 300k instead of 1 because I held too long.

>>18972804
Isn't Estonia very crypto progressive?

Anyway, all I have heard about these places as far as westerners are concerned is how easily you get spotted and targeted for extortion. Sounds great! Though I'm sure the women are mouth watering, as well as the food, moving to East Europe is just not very appealing for anyone from America unless they have family there or are retarded enough to believe it will be "better" because of "muh whites". America has an almost entirely white heartland, and country living is pretty much exclusive to whites because it requires money and niggers are afraid of nature.

i say this as someone who once dreamed of moving to Poland for "muh whiteness" but realized it is mostly a poor shithole full of drunk criminal neanderthals.

>>18973182
i already live there 3-5 months a year for a few years now. had an armanian fuck steal my phone in a hotel lobby when i wasn't looking, that's it so far but ok

>>18973312
Want to add that even in sf you have developers making 300k per year with ridiculous daily expenses.
>The average rent in San Francisco for a one-bedroom apartment in the city is approximately $3,500 per month,
If this fuckers are able to save 100k per year that's 10 fucking years.
Yuropoor like make make 20-30k (after taxes) per year and that's actually already in the top 20% or some shit. If i cash out 1 million after taxes (which I won't pay, or the tax itself is very low) that's like 30 fucking years if i saved 100% of my salary.
Y'all need to have some perspective how fucking huge 1M is on a short term period.

>>18973347
depends on who you hang around with. you can find braindead criminals anywhere as you can find decent people in most countries too. i don't really mingle that much anyway, i just like to have my space and free time to work on projects, live life. i'm not saying it's utopia, and yes parts of america are great, midwest, idaho, northern new hampshire, but for me it all comes down to being financially free asap. lower cost of living = much sooner for me and life is short. i've also got eastern european background of sorts. i just like it there better for various reasons, to each his own

>>18967432
Sell 100k and stupidly hold the rest apparently. That's what I after the last bullrun.

>>18967465
Based

>>18967461
That’s obviously a man

>>18973443
Thoughts on Belarus? Clean cities, no nogs, and everything there is extremely cheap. I've been looking at buying something in Brest and that place is comfy as fuck.

>>18968001
exactly, put that shit in divvies

>>18967432
sell 70%, buy 3 condos, generate rental income.

rollover profits into new real estate condos after a few years.

repeat ad infinitum and you make 10k a year in passive income hoo wee.

lease a 2020 mid engine corvette in racing yellow

>>18967432
Serious question, coinbase lets you withdraw what 30k a day?
How the fuck do you get your make it stack out before prices collapse?

>>18974495
>Serious question, coinbase lets you withdraw what 30k a day?

there's hundreds of exchanges out there. just sell to all of them

>>18974487
yeah that would be my endgame too. for about 120k i get a 500/month rent appartment in a stable/good area. 5-6 of these and i would be riding off into the sunset

>>18974540
makes sense thanks lad

>>18974495
>>18974540
Or just coinert all to fiat and withdraw day by day.
I'm also pretty sure you can withdraw all of it if you talk to them about doing it.

>>18968012
Kino

>>18967495
If you're talking about covering total various expenses that cover several decades up until you die of old age, then I agree
If you're talking about making wise investments right now and covering bills/expenses for the next couple of years, then a million is plenty of money

>>18970589
This, house in da woods near a Walmart and check out of society, these people suck. UBI, staking rewards and day trading should be more than enough to sustain me after that.

>>18974487
Close to my own strategy but sell maybe 20%-30% depending and buy an apartment building and duplexes for rental income. Put some in dividend stocks maybe buy a laundry mat, start ATM business, etc... As much as I hate working in the food business sometimes it would be cool to open my own restaurant type thing maybe even a bar with delicious fair priced food

>>18967972
Throw it into stable coins as you cash out

>>18973347
Could you expand on your Poland experience? I was also actually planning on moving to Poland but am having doubts.

>>18967972
you dont cash it out brainlet. you take a loan against it. boom never paying taxes

>>18975607
what, use the money to invest in other shit? obviously, if I ever made that much i'd buy some property

>>18967432
sell

Kek at all the plebs here. Apply yourselves faggots.

> t. 220k Switzerland SWE Chad

take some holidays
buy property, with greenhouse
look for a modest woman to start a family

>>18967432
>unpresidented
>he really wasn't my president after all

>>18968012
i need you to make it anon

>>18968061
Hey Anon I capped one of your other posts in another thread a few days ago for later research, but can you explain in detail what this plan entails exactly? Would appreciate a detailed rundown if you have time. mayoclinic1@protonmail.com

>>18968061
bro do you know how many properties you would need to make 10k a month as a landlord its for equity if you have a million liquid you could but most people would over leverage themselves and end up being a renter poorfag again

>>18968000
checked

>>18967432
Realistically most people will sell way before $1m and then regret it later, so the chances that you just time the market at the top is like ~0.

>>18967432
Finally scope out an abandonded underground missile silo disgusied as rural property and lock in a decent mortgage with current rates. Slowly develop underground lair while maintaining the rest of my stack.

it will only be worth $1mil because of hyperinflation

>>18967467
Yes but due to the pumping of ESH everyones millionaire dreams are closer than they appear

>>18967432
get a house, start a family. u know, the standard stuff that's now considered to be a luxury...

>>18968012
When you make it, post pics anon - primarily pics of your comfy life, but dic pics are also welcome.

>>18967465
NO BUT I NEEED TO CONSOOOOM THE LAMBOGINI AND THE MCMANSION NOOO!

buy a house up in northern canada, live in solitude or raise a family if i ever find a GF
buy a tesla
buy guns if that doesnt make me a criminal in the near future
invest the rest into more crypto at the right time

>>18968012
Your parents would love to get into debt again, I bet.

>>18968012
the only based post in the thread

>>18967432
Try to sell them and get my $20 by the time I actually manage to find a buyer.