/biz/ - Business & Finance

>>19340941
Combination of debt and daddy's money

they're in debt and they don't give a shit. it is what it is.

>>19340941
they have no savings

>>19340964
This

maybe live a little while you’re young. vacations can be cheap. eating out is nothing. renting for yourself (single room) can be manageable.
t. 30k student loans with 50k in savings. i aint paying off that shit lmao.

they don't spend 80% of their incomes on imaginary tokens like you do.

>>19340964
>how are they affording this?
they aren't. They're very very much in debt and basically dropping a nuclear bomb on any sense of 'generational wealth' they could have made.

>>19340941
Massive amounts of credit card debt, they just shove the bills elsewhere and forget about it.

You'll be a millionaire soon if you keep at it and they will be broke.

>>19341109
Thing is they most likely had boomer parents who completely obliterated the idea of generational wealth. Leaving anything to your kids besides a pile of medical bills is "entitlement"

Stop comparing yourself to others anon. True inner peace lies with self-satisfaction.

>>19340941
because they're young and living life and don't give a fuck. Why pay off a house at 30, when you can pay a house off at 55 and have great memories of your youth?

that's the trade they make. fun times over financial freedom.

>>19340941
You have 45k saved up which is easily 9 nice vacations anywhere in the world.

What are you complaining about? You don't pay rent and you live with your mommy and daddy so they make you tendies everyday.

>>19341060
>live a little while you’re young. vacations can be cheap. eating out is nothing. renting for yourself (single room) can be manageable.

I mean i have my own room in my house. Im saving up to buy a house outright cash in an auction to repair. (150 value house for 90k, 30k renovation = 20% discount). I personally stopped eating out because i started lifting and focusing on diet and eating out is just horrendous. i dont really have a dream destination. maybe when im married, but i wouldnt know what to do on vacation. sightseeing just isnt that fascinating to me.

I am only one year out of school. hopefully by net year i will have 100k+ saved up

>>19341235
you look so boring

how old are you to still live with your parents?

leave them alone

>>19341213
i had great memories in college. i dont see many of my coworkers making great memories. it seems like many just work and go home and are too tired to do anything else. all the materialism spending seems to be for show

>>19341253
23. i plan to buy a large house and have my parents live with me as well. i have supportive parents

>>19341235
If I can counter to this:

You're planning well with your money but don't neglect credit. It's free money for smart people and a life ruiner for dumb people.

If you have the cash to buy a house, buy it with a loan and quickly pay off the loan. You've already boosted your credit.

When you start getting bills, apply for a good cash back credit card and set it so all your bills get charged to it monthly, building up free cash back and also free credit because you will assuredly be paying it off in full before the month is over.

>>19341269
guarantee they drink, go out, needlessly spend, big dinners, "splurge" buys, the whole 9 yards. they don't care to better themselves because they like giving in to their vices

and honestly there's nothing wrong with that if they're okay paying a mortgage for 30 years. I've met plenty of couples that party constantly and will still have a home paid off in a reasonable time

it honestly comes down to 10 years of bills or 30 years of bills. a lot, and i mean a LOT of people choose 30+ years of bills rather than grinding it out in their 20's and 30's. cant blame them though, you're only young once.

>>19340941
>how are they affording this?
debt, up to their eyeballs, that they'll never pay off

>>19340941

The average American savings rate is 6%. 150 years without a land war and 90 years without an economic collapse does that to a people. Hard times are not in living societal memory, 4 generations have lived and died with a steady stream of jobs, promotions, personal credit, functional currency, working government services, etc etc. To the average American there appeared no reason to save, GDP will always go up and banks will always extend credit for impluse purchases forever, it's all they have ever known.

>>19341334
i had credit cards for a while. score is 800. 3 cards. credit line is $21,000. i never exceed $250 on all and pay it all off every month. i mainly just spent on gas and groceries and occasionaly eating out. last 2 months since i wfh, 0

>>19341349
isnt goberments just going to forgive the debt?

Havent you learn from covid? Enjoy things while you can/they allow you to. Shit’s is fucked at many levels and the future is dark. Most likely you will regret not enjoying life than wasting money.

>>19341349
Sometimes I wonder if they're the smart ones for living it up and being in debt while I'm paying every bill in full each month.

>>19341386
>Most likely you will regret not enjoying life than wasting money.

i dunno. i enjoy life. i dont think life experiences cost money for say. e.g. I enjoy hiking with friends and its free. I enjoy making muffins with my mom. celebrating the holidays with family and friends. all this is low cost to free. i guess i grew up poor and had a pretty happy childhood because i never really had interest in material goods. like why should i buy a new car or watch to show off?

>>19341369
>90 years without an economic collapse

for the top 10% maybe. pretty sure people were jumping off bridges in 2008. it's been a total nightmare shitshow for the bottom 50% for the last 20 years.

>>19340941
> have normie friends
> they go on vacation for roughly $4500 dollar per person
> they work at a super market

> be me
> work in IT
> my boomer IT boss also goes on vacation for $4500

The difference is that my boomer boss can afford it while my friends can't. However, they still do it.

>>19341434
I am also thinking now that being in debt is smarter than paying your bills.
If you for example consider the southern states in europe. They are always in debt. They don't work or pay their debt. They just lend more. In the end, the countries who save pay for them. It has always been like this

>>19341456
how
there has to be some trick
The fed is going to cause hyperinflation to bail out normies and kill our savings arent they?

>>19341483
youre right. companies racked up piled of debt only to get bailed out by corona.

same thing happened in 2008. we have bailout culture

>>19341491
I guess the trick is to surf on the wave. That means you have to invest in yourself so that 'economic status' rises.
If you have a higher education you'll always earn more. This has been constant no matter how much money is printed. Raise your status by getting a better education. If you can't have that, invest in assets like crypto or shiny boomer rocks since money is cheap and therefore without value.

>>19341569
i was thinking about med school. i could do an MBA but it seems like a meme. phd could be cool but i hate research

>>19341491
>The fed is going to cause hyperinflation to bail out normies and kill our savings arent they?
No, this is all part of their plan. Getting you trapped in endless debt so you have to do whatever they want

>>19341672
actually that is really the plan.
Credits are so cheap with interest being so low that a lot of normies take a loan way to high to buy things they don't need. Taking out a loan to buy overpriced houses is also completely retarded since you'll be in debt forever and if you can't pay because maybe your jobs gets removed by corona the bank will take everything you've worked for

>>19340941

>>19341192
Thanks man. I am learning to be comfy with my only 150k SUTER bag.

>>19341446
based anon

>>19341491
>>19340941
debt/credit cards

some show on TV showed a husband and wife and their combined annual income was like $100k. The wife had a Tesla for her car, the fucking $97,000 one. Their monthly spending was a little over $100 more than their monthly income. All on credit cards, not paying them off.

They had a gorgeous house and nice cars, but they had kids and were saving absolutely no money for themselves or kids college funds.

credit cards, and being okay with debt and shitty payments.

i knew a retard in school who loved subwoofers in his car. He spent multiple hundreds on a new sound system, when he already had one, because he FINANCED IT. Got monthly payments on a fucking car audio system. AFAIK he didn't have any exceptional income, and wtf happens when that "cheap $80 payment" turns into "fuck i really could've used that $80 for food this month"

I think you're making the right decision saving, but yeah who tf knows, maybe savers could get more fucked by inflation versus those who keep their money in "stuff"

>>19342078
im mostly saving to buy a house outright at an auction and then renovate and rent it.
im not sure yet. i wanted 30k for an emergency fund. it seems a bit high. was thinking about having some gold and silver in my emergency fund if it ever dips again....

>>19341213
Lol forever poor fag detected. I haven’t worked for mr shekelstain in 5 years. I get to wake up to no alarm on a Tuesday afternoon and my net worth is still growing. I go boating, atving, fishing, vacations. It’s worth sacrificing. Broke people always looking rich. Rich people often times can be mistaken for broke. You probably don’t realize most millionaires aren’t wearing suits.

>>19340941
There isn't much push anymore for getting married, having children, having a steady home. Therefore they spend the little salaries they do get by "having fun".

I think it is also what happens when you have a society that treats everything as a right. They can do whatever they want and still have a right to a good standard of life.

Regardless of China's paper tiger status, they will march ahead because they do not produce generations of single mothers and their rabid offspring.

>>19342131
I also want to buy a house, was considering a duplex for the income, but I'm kinda far off from that. You seem to be much better financially set up for that decision than me.

How much are you trying to save for an auction house? I'm not to handy myself so i wouldn't be able to buy something that needs a crazy amount of work

>>19341060
You sound like a typical Faggot that will never makes it & eventually will make a blogpost about being a failure in life in a decade.

Don’t be this guy

>>19341284
You’ve got the right idea just don’t get your damned parents involved in the transaction. You’d be better off buying foreclosures, fixing them, then mortgaging them out to claim profits later on, but get cash back quick. Then rent them out thru property managers or yourself. The majority of the money will be made on the sale of the home so you’ll have to have a steady income on top of the progress. After awhile you can quit your job when you have 5-10 rentals and be a master deal finder full time. It’s always about the good deal in the end. 6 mo emergency fund minimum for all houses and yourself combined and you’ll be mostly safe. Quick selling due to need of cash will crush ya

>>19342229
Lol he won’t be serving shekelstains as an indentured slave his entire life, unlike you

You guys should be watching 'Generation Wealth'. The documentary is quite fascinating and opens up your eyes about a society that lives beyond its means. Society wants to make us believe that we need material goods to be happier than other people while the other way is actually true

>>19342192
so my mentor is a real estate investor.
every month the sheriff has an auction for houses forclosed. they usually have the value of the property listed.
He told me to never bid more than 60%. repairs will cost 20% sometimes and closing costs can be 10% so he profits 10% of property value per flip. he has a lot of cash so he buys 2 a month and flips them in a month. sometimes makes 50k a month.

my plan is to get a house thats 150ish for 90 or less, and do 30k worth of repairs/renos and then just rent out 2 out of 3 rooms for 600 each (pretty good deal for my area). based off my math ill be making 12% off rental income or 10% if you want to subtract taxes and home insurance.

If you made more than 70k in 2017, you were in the top 1% of earners in the USA and easilly top 0.5% of the world.

>B-BUT THE GRASS OVER THERE LOOKS REALLY GREEN

Your problem is between keyboard and chair my man, stop envying other people and get a grip on your life.

>>19342238
yeah i was told to avoid listings, especially in a sellers market. its best to go for foreclosures and fix them up and rent them out. you keep all the equity, and no mortgage so the rent is almost all profit outside tax/home insurance.

>>19341815
Are these "Finance Aggregators" government employees or do they work for the private sector? I wasn't aware that people's bank transfers and why they transfered the funds was public knowledge.

>>19342322
>If you made more than 70k in 2017, you were in the top 1% of earners in the USA
um are you retarded?
70k is not 1%.
thats like 400k+ or net worth of 1 million+

>>19341213
The flaw with this thinking is: Fun doesn't correlate with spending money.

>>19341284
Don't consider what fags are telling you in here. You have a plan, and a good one too.

>>19341647
Don't subject yourself to a PhD unless you're already independent wealthy.

>>19341386
Only to retarded people, wasting money and having fun correlates.

>>19342364
>thinking a private entity wouldn't sell your soul to the devil if they could

just bought a mountain bike that cost more than my car? jelly, poorfags?

>>19341060
Completed captcha just to say this guy is ultimately right.

>>19340941
10 years you will be financially way better off and able to have a better life later on. Maybe a hotter waifu from your chad assets

>>19341483
Southern EU countries got absolutely fucked by Germany and the EU, the debt """"" bailouts """""" are mere breadcrumbs in face of the massive trade deficits and complete loss of secondary and knowledge economy to the krauts

>>19342827
that is the deal. They don't pay their debts while we take their young and motivated workforce from them. Either they consolidate their economy and create jobs on their own or the youth drain will go on

>>19342364
you must be new

>>19342935
They don't pay their debts because you took all their competitiveness with the euro you filthy kike kraut
I hope Salvini does Italexit and finally kills the EU

>>19343028
I hope so too. Italy will fucking crash and they'll go back their fucking Lira. It'll be worthless and the interest rates for italy will be astronomically high. Germans will then go on vacation in italy for super cheap prices. Great times ahead

>>19342935
Man you get Southern European and MENA youth, it must be a tough time to be a German youth.

There are two types of people
>pays the minimum on CC bill
>pays it off every time or doesn't use CC

The former looks good until it doesn't

>>19343202
Unless you speak proper german you won't get any decent jobs. So you're doomed to learn the language really good (which is actually quite hard) or you'll be working in low wage shitjobs like delivering packets forever. Also wealth is build upon generations so immigrants will never make it

>>19340941
They actually live paycheck to paycheck.

Just low IQ money habits.

>>19341060
>vacations can be cheap.
Lol

>>19340990
this, and credit

For me the idea of a good time and making cool memories is pissing inside the asshole of a tied up Pattaya street walker but hey if for normies it's taking selfies with the eiffel tower or eating raw fish who am to judge

>>19341060
Soooo 20k in savings?

>>19342827
>Poor Italian detected
You would be a 3rd world shithole without Target 2 and all the credit. You will spend too much and we have to pay the bill. Fuck all southern europoors. Fuck Coronabonds

>>19341060
>i aint paying off that shit lmao.
>paying interest

i hope this is a joke, pay that off you faggot

>>19341483
>If you for example consider the southern states in europe. They are always in debt. They don't work or pay their debt. They just lend more. In the end, the countries who save pay for them
I can assure you it's not comfy as you think, people are just irresponsible and we don't trust each other, i can say this because i live there.

>>19340941
So you're the guy who lives with his parents and never does anything but work and post in 4chan? I hope you manage to turn things around

>>19343698
It is also not comfy to pay a lot of taxes on your earned money and then see that it is just handed to other countries for the sake of the EU. People have to get their shit together and need to learn living without debt. Also, fucking boomers are creating even more debts knowing that they'll never pay it back. We have to pay the shit then.

>>19341235

vacations are the only way to become richer by spending money. Richer in world view. You simply can't understand this until you go somewhere far away. (Not saying you should spend ALL your money on holidays ALL the time you dickhead, just take a trip somewhere, go to Europe, go to Japan, I don't fucking know.)

>>19343028
>Italexit
it's "quitaly" anon

>>19343355
many companies hire English only speaking people aswell, like Infineon, Bitmovin or ruag

>>19341109
Generational wealth is destroyed in three generations

>>19341060
Fag. Kys.

>>19340941
>>19341060
This. But mainly move out of your fucking parents place you giant baby. Living out of home is an investment in yourself if you're not a complete NPC. Live a little

>>19343968
>It is also not comfy to pay a lot of taxes on your earned money and then see that it is just handed to other countries for the sake of the EU
I'm paying taxes as well and my father before me, do you thinks that only northcucks are able to work and produce something? It's EU system is a fucking joke if you really want to blame someone.

>>19340941
>>>/pol/258644619

>>19341060
>eating out is nothing

you are delusional

>>19343355
>really good
>really well
Maybe try learning proper English first. Also, checked.

>>19345069
something of value you wanna contribute?

>>19341456
>$4500 per person
How the fuck are they spending that much? I spent a whole week in a city in Europe and between airfare, AirBnb, eating out, etc i barely broke 2k.

>>19340941
They aren't affording this :^) The biggest money pit of all:
>New car
I will never understand how someone, especially a young person fresh out of school, can justify buying or leasing a new car. It's such a money pit from the upfront costs, to insurance, repairs, fule etc.

>>19341060
How do you get away with credit? Any tips, or do you plan to move to another state once they start asking you?

>>19342315
how does fixing a home work? what state are you in? i'd like to get into this possibly but i have no blue-collar experience whatsoever.

>>19345168
depends on where your going, if your travelling to the opposite side of where you live airfare round trip can be 2k

They're dumb and will get in huge debt sooner or later. My friend Makes good money at his job, but he only got it a year ago, and within the first year he bought a house, and just TWO WEEKS ago, he bought a 30,000 car. He had a PERFECTLY good car, but he just "really wanted a bmw". In this kind of job climate where you can't be sure if your job is safe. It's just....so fucking dumb. I mean why would you not take that 30k and just put it in the market instead when we're seeing a recovery? Within a few months there's a good chance you could double your money if you play it smart.

my parents lived fairly frugally with two kids, slaving away in corporate america.

they are retiring with 2 fully paid off houses, 2 million in the bank, 1 million in assets, and my dad’s pension.

all their friends who lived large during the USA housing boom lost everything during 2008.

>>19340941
There are many problems here.
1- money is literally made to be spent. Unless you're working toward a goal such as saving for a downpayment for a house, or investing for retirement, you're losing comfort, which in turn affects every facet of your life, by not spending.
2- Debt is a powerful tool. Actually it's wrong to see it as debt when managed properly, it should be seen as leverage. This goes for mortgage, car, credit card, anything really. Whereas with all their debt they're not looking hot right now, actually they can (just barely) afford it, and benefit by boosting their credit score through the roof. This will allow them in the future to easily start a business or get a new house if they feel like it. Speaking of houses, it's become near impossible to get a mortgage for a house if it's your first house nowadays. On the other hand, if it's your second house, the procedure and allowance is way higher. It will only get worse over time.
3- However, most normalfags are going too far as well, and end up living paycheck to paycheck when they should really have prioritized making an emergency fund.

In conclusion you're both in the wrong. As for you, you should be putting 100% of your money into stocks and 0% into bonds (and 0% into cash, current situation notwithstanding) in view of generating enough wealth to bypass a great deal of what they're navigating through sheer monetary weight. Either that, or you should finish your emergency fund (and put it in stocks on spy or some other safe bullshit like utilities), and then start living more like they do.

Living with your parents as long as possible is extremely smart, but most parents don't allow this. It's not their fault for the most part, as parents were trained into throwing their children to the street once they hit 18. Probably their single greatest mistake, next to college costing so much.
Eating out all the time is bad, but not THAT bad.
Coffee won't bankrupt anyone.

>>19345846
Not everyone is unsure about their jobs. Many job classes are insanely safe. There's nothing wrong with splurging every once in a while, provided it's not all the time. Also, right now is the perfect time for him to get his bmw because in the coming months, the price of new cars will skyrocket (whereas the cost of used cars will hit next-to-nothing).

>>19345862
alot of "top 10 habits of rich weeaboos" wisdom snake oil here

1. wealth accumulation is not counter-productive or a bad idea, say you had 100 million dollars you can spend it on a 50 million dollar house or a 1 million dollar house but that 50 million doesn't necessarily give you 50x happiness

sometimes it's just smarter to save up money so that you have a plan no matter what happens or you can use it for very capital intensive activities like starting a business

2. credit is a powerful tool but not for the average joe, rich people get 0% interest 50 million secured lines of credits to buy those yachts while their 200 million are in assets like stocks

>>19346034
>wealth accumulation is not counter-productive or a bad idea,
It literally is, no matter how you look at it. Can't buy anything with your wealth unless you save for the next 10 decades, vs you could get good credit and afford stuff right now. Even if you did save for 10 decades, you would not be able to use the money you accumulated in e.g. the stock market (which would make it grow faster than your payments on credit), thus losing tons of money.
Who are you to dictate what makes someone happy or not? Maybe having the large pool and garden makes you 50x happier than any 1m house which can only have one or the other would.
The same applies to starting a business. Without good credit you are locking money off that you can't make run in the stock market, moreover you control just what you own. OR you could get good credit and get $10m line of credit for your $10k liquid worth at a rate so low you can make the payments from your spy returns alone.

It's all funded by debt. Loans, creidt cards, or otherwise. And it will come back to bite everyone of their asses. At some point they are all going to look in the mirror and realize this whole time they've been smiling because of what they have, but are actually very unhappy because of the stress spending above your means like that creates.

>>19344645
>Living out of home is an investment in yourself if you're not a complete NPC.
Could you explain? You mean like for job opportunities or making it less awkward for a girl to live with you?

>>19345862
There are so many things wrong with your post that I can’t be bothered with citing them and proving you wrong since you’re such a retard.

>>19345945
This is objectively false and can be disproven by the used car auction index which is historically correlated with new and used car prices. We are in a recession. By Christmas, both new and used cars will hit lows.

>>19342315
>house bought for 90k
>each bedroom (not apt) for 600
Something's not adding up, people don't want a room for that much where they have to share a bathroom, kitchen, etc

>>19346259
Please tell us how you live. It's not every day we are visited with negative IQ'd individuals like yourself.

>>19346112
well yes, making money is a hard problem and you need to start early to have things like compound interest to really start to help

fair enough if someone splurging all their cash on consumer goods is what makes them happy go for it

for me personally happiness is a byproduct of achievements and wealth accumulation is something that is necessary in producing something in this world

>The same applies to starting a business. Without good credit you are locking money off that you can't make run in the stock market, moreover you control just what you own. OR you could get good credit and get $10m line of credit for your $10k liquid worth at a rate so low you can make the payments from your spy returns alone.

this is not true... the bank will decide whether to give you a commercial loan based on a variety of things like existing cash flow of your business.. your personal credit has nothing to do with it

>>19346277
enjoy being broke, fag

>>19343557
>be american
>try to look up what target 2 is
>every youtube video explanation has comments turned off
things that make you go hmmm

>>19341235
you definitely sound like an engineer

>>19346274
I live in a high cost area. trust me 600 is on the cheap end. 600 does include wifi, electrcity, water, trash etc.

>>19340941
They aren't affording that. The majority of people have more debt than savings even without considering mortgage as debt.

>>19346800
I am one. is my virginity that obvious?

Buy REFR

>>19343960
no im going to buy a big house and give a room to my parents. i hope to be married and have kids and my parents take care of my kids instead of paying for a nanny.

>>19344645
i lived away from home when i was in college out of state. i just dont see the point since until im seriously dating or looking for marriage

>>19346932
That's a good idea, anon. Not everyone has that type of relationship with their parents, but those who do should definitely do something like this.

>>19345747
you learn as time goes by but when you start you hire illegals obviously. you supervise them and ask them to help them out and you will learn and get the work done quicker

>>19345862
>you should be putting 100% of your money into stocks
no thanks. dont see anything attractive right now.
ill wait

im saving up for a house

>>19340941
They aren't. These people live paycheck to paycheck with credit card debt. They entire paycheck goes to pay off the credit cards. The world today would literally not exist if it wasn't for fractured banking and the replacement of the gold standard by fiat that's tied to fucking oil of all things. Inner-city fucks are gonna be all homeless if the current financial system fails. Not just in America but the whole world. Nearly all businesses operate from one loan to another and use all profits to rebuy their own stocks. Office drones are kill.

>>19346972
yeah idk why most people dont do this. imagine paying for retirement homes and nannys

its just money out the gutter and the people in those homes are depressed af

>>19346932
>im going to buy a big house and give a room to my parents. i hope to be married and have kids and my parents take care of my kids instead of paying for a nanny.
The intelligent thing to do.

>>19343600
hey tell the fucking government to pay off $25,000,000,000,000 + interest

>>19342229
Only poorfags believe in "making it". Good luck saving all of your money for when you're old and feeble, unable to travel and unattractive to most women. Idiot.

>>19340941
>how are they affording this?
They aren't. Or at least they won't be once any sort of real emergency (5k+ expense) comes along.
Understand that most people are stupid or lack basic discipline. Many have both of those problems. They only rarely are self aware enough to see this themselves. As a result, they are envious of people that are better with money. They think you're just lucky or are living some type of crazy turbo stoic lifestyle.

>>19347498
>Understand that most people are stupid or lack basic discipline
yet their world keeps spinning.

i dont understand this. they are never in huge fears of loss

>>19341235

i get everyone shits on the stacey's out there who "love to go on adventures <3" but not wanting to travel at all is pretty sad. doesn't even need to be touristy cities or boomer beaches, what about national parks/road trips? and history in some cities can be incredible, don't know how you can't enjoy that. especially better if you have a girl you like with you, do that stuff during the day, get a nice fancy meal and some drinks, then bang for hours back at the hotel...

>>19341434
I get this but I realised you are only cucked by this if you end up financially benefitting these endebted people. If you avoid this you eventually get to experience the benefit of compound interest/gains over time/rentals and make yourself free money.

>>19347498
>any sort of real emergency (5k+ expense) comes along.
Aside from medical what else is there? What would even be likely to happen to them?

>>19341446
This anon is really right. When people on this thread talk about living life while they young in their 20s etc. All you are missing are years of drinking becoming an alcoholic, worrying about money and the future etc. Its impulsive behaviour, with crypto we can accelerate the 'making it' process so if I succeed, I can make it in my 20s paid off cheap house etc, with none of the downsides

>>19347761
>All you are missing are years of drinking becoming an alcoholic

Projecting much? What are you even trying to say?

>>19341491
This is what hyperinflation does, it literally steals that relative wealth from the people with hundreds of thousands sat in their bank and distributes it to debt fuelled normies and consoomer society. You are literally cucked by inflation. This is why gold, silver, bitcoin literally most other non-fiat money assets exist.

They borrow from the future in the form of debt.

>>19347670
>what about national parks/road trips? and history in some cities can be incredible, don't know how you can't enjoy that
thats free. the museums of natural history in the smithsonian and manhattan are free as well.

im not interested in cheap sex with bimbos in some random hotel

>>19347636
>i dont understand this. they are never in huge fears of loss

Why are you so fearful of loss? The Law of Attraction applies here. If you live like a poorfag penny-pincher and that's your mindset in life then that's what you will attract. This is why coupon clippers and the people freaking out about spending $5 vs. $4.69 are always going to be poor.

>>19348206
>This is why coupon clippers and the people freaking out about spending $5 vs. $4.69 are always going to be poor.
Isn't it good to have this mindset though?

>>19348231
No? Not unless you're actually poor and living on the streets without a job. Again, Law of Attraction. If you think poor, feel poor, act poor, you're going to be poor.

>>19341062
>80% income on internet numbers
This is my problem. It's a gambling addiction at this point.

>>19341446
you DO need to FUCK, have your own space and you cannot do that at your parents house. move out asap man. I'm studying from home too and I'm gonna have a compsci masters for free also when I'm done in 2.5 more years. First thing I'm doing is moving right the fuck out, If my plan works out correctly I'll be able to do that even before i finish my masters. You gotta make a gameplan to move out. You don't wanna miss out on the expeirence of being in your 20s and living on your own. I did it for a while while studying abroad and it was awesome. I really love the peace, quiet, nobody asking you what you're doing or where you're going, you make your own schedule and eat what you want when you want, you take care of your own space, arrange the furniture in the way you best see fit... I don't know man, maybe I really love it a lot because I share my room w my brother at home so I never had my own room so it's a big deal to me. I dunno man, I just get the feeling that even if I didn't 'want' to move out I would still push myself to do it because it's an important step in growth. Even if you don't like it, you can come back, but you gotta eventually let go of the skirt. Also, did I mention you get to bring girls home and FUCK?

>>19341235
Travel to fuck cute tidy girls who sound sexy af. There is so much to life that you don't even know you're missing out on. If you can't get laid whole travelling you'll never be able to find a girl that wants to marry you. Money ain't shit, it's all beer and pussy. Money only matters if you have none. Money won't get you a worthwhile girl either, just take those mgtow betas as proof; the women you get, if you think you need money to get one, will fuck your life in every way there is. Go travel faggot, put yourself out there, you will enjoy it or atleast you'll know you really don't enjoy it and assent just ignorant and wasting your best years.

>>19340941
>save only 45k, 15k in stocks/bonds
Wait up, you just let 30k per year sit on your bank account not doing anything? And you buy fucking bonds with the rest??? Topkek

>>19342556
>>19342958
I was being sarcastic.

Just lmao at all the cope ITT. Have fun with your 1million when your 65.

>>19341235
Smart boy. Ignore the naysayers. You are doing everything right.

I only became an engineer late in life, wish I had your mentality 10 years ago.

You have time to smoke weed and fuck bitches when you become a daddy.

-daddy

>>19340941
vlown

>>19348471
Lol Cope the Post here. Could you try rationalizing your lifestyle a little harder, buddy?

>>19342315
My brother did this recently. Bought 80k home, spent around 15k in repairs. House is now worth at least 120-130k. You know, wooden floors, those tilt and turn windows, the whole nine modern yards.

He did most of the repairs himself. Materials still were expensive as fuck.

>>19341253
>roastie detected

>>19340941
how old are you anon? just curious

typical STEM fag, constantly worrying about what "normies" are doing. i used to be like that. it's a miserable existence. how are they spending so much? one word: DEBT. who cares. go live your life.

>>19348434
>>19348206
im kind of like that but not really.

I will not buy coffee or tea after realizing i get it for free at work and it cost 10-15 cents to make at home

I will spend a lot on stocks and if it plumments i dont really worry because i usually buy when i think its undervalue.

>>19341450

2008 was a temporary recession that did not effect all of the US equally (Texas for example had little impact cause of oil industry). It wasn't a complete economic collapse, although we were really close. TARP just delayed it another 12 years, and now here we are.

>>19348773
Can't put a down payment on a house when all of your savings are riding the stock roller coaster.

>>19348471
>. You gotta make a gameplan to move out. You don't wanna miss out on the expeirence of being in your 20s and living on your own. I did it for a while while studying abroad and it was awesome

i did it already when i was in school out of state. yeah it was fun but it gets jaded. it is most fun the first year and it loses its charm quick.

i think you will be in a rude awakening if you rush things to move out. its a lot of money wasted for not much in return. having your own room is enough.

You seem like youre 21 or younger. When you get out of college you are going to realize meaningless sex isnt really that glamorous.

I think for you the problem is not having your own room. i had sex in my room in high school. Meaningless sex is overrated garbage. dont listen to normies fren.

I personally plan to buy a house within the upcoming year and then get married. My parents will still live with me.

Also i already have my own schedule and eat what i want. i dont think you have a lot of life experience and it doesnt have to do with living at home. no offense but it seems like youre projecting a lot

>>19348772
>If you can't get laid whole travelling you'll never be able to find a girl that wants to marry you. Money ain't shit, it's all beer and pussy.

i dont like the taste of beer and meaningless sex just seems unappealing to me. i do plan on traveling after i buy a house and make some passive income off renting a room

>>19340941
Bro, carpenters and plumbers can make six figures at age 25. I know a guy who started a gym and was making 6 figs within a year and a half. Engineering is for FUCKING NPCs with no courage or drive to be successful. It's a guaranteed meal ticket, but why should you be rewarded for being someone who follows directions.

>>19341253
I'm a freshmen at university. You know alienated people would get if I told them "I have zero bills, a paid off corolla that will last forever and over $14,000 in mutual funds and stocks". I have a 3.75 the first two semesters, as well. I will have north of 40,000 graduating university at 23. University debt paid for out of pap's money (he has a few hundred thousand).

Anybody telling you to move out without a large sum of money saved and a salary is a fucking cuck. Make money and build the man you want to be, or live in mediocrity later in life. Seriously, anyone over 30 is usually not fucking happy, unless they play the game like we are right now.

>>19341060
>pay off loan
>no loan payments, more to save/spent
dummy

>>19348773
no i have 30k in a no penalty CD at 1.7% interest
15k in a checkings rn because im waiting for gold or an attractive stock to dip.

and 15k more invested in stocks, maybe 500 in bonds.

so total im a little over 60k

oh i also have like 10 monero from way back that i forgot about.

>>19349233
yeah its a lot of cash invested but he can prob rent it for 1k a month and make over 12% cash on cash return. with the 20-30% price bump and 2-3% appreciation each year and tax write offs, that 95k will turn into over 200k in 5 years i assume. seems like a good deal

>>19349869
Most tradesmen are not very happy. Work sucks and the majority I have seen are not extremely successful.
Yes, you can make good money, but compare wealth stats of any useful degree vs a tradesmen, you see the difference.
Telling people to not go to college if they are motivated to do so is a really dumb idea and you unironically just parroting Ben Shaprio, Stephen Crowder and fucking PragerU(Koch brothers).
Some people like the trades, but I would say most people on /biz/ should probably get a formal education.

>>19349309
23

>>19349425
well, if everyone is doing it and they get bailed out it can be bad for investing. im also trying to time the market

>>19349899
>Mutual funds after tax make 10% after tax a year.
>Student loans locked at 5%
Investing is a lot more complicated than you make it out to be, anon. Run your finances like a business and fuck the debtors.
Also, student loans do not effect credit, unless you get private student loans, which are a terrible fucking idea lmao

>>19349869
i was making 6 figures when we got overtime.
i work 5/40 hours a week

I was thinking of starting a gym but its very dependent on location and culture.

think about it logically, you need to pay rent, buy equipment, maybe hire a few workers to clean and supervise. even if you charge 40/mo you need 100 people just to make 48,000/yr. his gym has to have high fees or 1000 members.

anyone can do plumbing. i dont plan on being an engineer forever. i plan on using my position as leverage for starting a business and investing into real estate. im also thinking about going to medical school

>>19350023
>implying trades are not useful
>t. womanbrained NPC

>>19350092
i never had student loans but interest on them is tax deductible.

5% interest however is pretty shit.
mutual funds are not going to be lucky to make 10% this year. you shouldnt be investing in mutual funds at all because they take a fee for their services and control of your money. just invest yourself actively and stop being lazy.

>>19350170
theyre easy to learn for anyone with a computer to youtube. or maybe because of my experience in piping and engineering i find things like carpentry and plumbing to be easier than most?

>>19350140
turbonormie detected lmao @ your life bro you are purposeless, directionless

>>19350217
lol little zoomie you should apply for a plumbing job, just tell the boss you watched some youtube videos

>>19340941
>70k/12 months = 5833.333333 dorrars/MONTH
I still can't get my head around, how much americans spend on food and flat/room/house a month. Where the heck do they spend almost 6k a month? where? who eats your cash? oh my fucking god, I would roll like bacon in frying pan with that much money.
Americans! Where do you spend your money? how much stuff costs? OMG!!

>>19350170
Never said trades are not useful, but it's not a one size fits all. If you like trades, do trades. Most people on /biz/ would be better off getting a degree than going into the trades, imho. I have friends who are tradesmen. They always have expensive craft beer, projects going, etc.
I still stand by the idea that most people on /biz/ would be happier with a degree than a 4 year apprenticeship. Outside of starting your own business, there really aren't a ton of ways to climb the ladder. There is a lot more money in high level corporate than just salaries, trust me.
Also, I think a college education can be under-valued by the viewpoint you have, but I digress.

Do what thou wilt, anon.

>>19350375
I wilt call you a faggot hahaha

What can you do with £14k a year in the UK if you live with your caregivers?

>>19350310
He is living off 45,000. Which is around $3,500 a month. You can live off 35,000 in a cheaper city(anywhere that is worth a damn), but it won't be great.

Car is probably $500 including gas.
Apartment probably $900
Food is $500 (including snacks and coffees, fucking sue us for liking them)
Hobbies like gym, trainers, new clothes is another $500
Lotta fat to trim off those kinds of budgets, but it makes life worth living to have that kind of shit.
Also, gotta include tax. So 75,000k is really around 66,000 after tax deduction. I've done that math in my head. You can really live off $40,000 happily and save the rest (including room for a lot of stupid shit).

Now where does the money go? A $700.00 car payment is normal in the US, now. $1,200 for a nice apartment. New clothes can be extremely expensive. Luxury goods like watches. Concert tickets. Weekend visits to the bar can cost like $150.

We have a hard time understanding how they manage to waste so much money, because are about as far on the other side of the cultural spectrum as we can get from them.

>>19350472
are they your caregivers because of your severe autism?

>>19340941
be thankful these normies are why your investments can pay off

>>19350554
Ahhh, so when wage is posted, everyone every time post their earnings before taxes. Ahhh, that's one clue.
How much people pay for internet access? For like a decent speeds. (here 100Mbps is like 12-20 euros).
I've imagines apartments to be more expensive, but yeah, it's still ~1k. I bet the more popular city, prices go up parabolic.
So biggest parts are car payments and apartment. Damn. Thank you for your time.

>>19344609
Except when it isn't. Dynasty is worth the risk.

>>19350140
Grasping at straws, trades are just as safe as engineering. They literally go hand in hand, you fucking tard. Trades are clearly useful and of the safer jobs from autonomization.
>>19350237
I agree with this post.
>>19350284
You can literally do this and get an apprenticeship. Trades don't require a formal education, because the work isn't as complicated as the other.
One requires you know calculus, the other doesn't.

>>19348773
Ikr, he should be buying into internet scams like us cool rich people

>>19344624
>oy vey pay ya debt goyim
Nah

>>19350284
why would i apply. i can just start a business and hire some pedros on contract. can do my neighbors houses in the meanwhile.

>>19350310
taxes takes up 30%. its more like 3900 a month.
yes taxes are that bad

i personally save it all. i spend like 250 max a month

>>19350554
more like salary after taxes is 50k
i just got my dads old car, insurance sitll uunder his name because its cheaper that way.

i pay 150/mo on insurance and gas
live for free
gym is like 40/mo
70/mo on groceries. i cut doen 70 from eating out i sued to do

>>19341334
I've never understood this mentality.
If he has the cash he buys it instantly.
Why would he take out a loan and the instantly pay off the loan? There are finance charges etc involved.

Are you willing go pay that much extra to just for the credit score?( which incidentally will show that you took out a 36 month loan and paid it off instantly)

>>19350764
>>19350835
cad-monkey Dunning-Kruegers

>>19340941
which engineering field? I'm in mechanical and will be getting my FE this year. same age, similar job salary. I'm looking to get into real estate as well, how did you find a mentor?

>>19349869
don't listen to tards like this 6 figures is more than possible with a couple years in engineering and with a PE after a few years of experience we can start consulting and set up a business that way too. Even if you don't want to do consulting you can start a business like a gym or anything else too, you're not tied down to only one thing just because you have a standard office job. Take some free time to learn other subjects every day (just an hour, even 30 minutes of dedicated time) and you'll be surprised at how much knowledge you can build up within a year then use that to generate income.

>>19350764
anyone can learn to fix pipes. and anyone can learn to be engineer if they study the material. but as of now you need a degree. so its harder to be an engineer than a plumber, that was my point. same with medicine. the preclinical years are garbage but they do it for the MD degree. anyone can learn preclinical medicine for free

>>19350713
Internet can be included on rent, really a decent place including utilities is going to run around $1050 a month that has laundry, etc.
Cellphone plans can be easily be $120.00, because people finance $1,000 dollar smart phones of their 24-month contracts. They will finance shit like apple watches, wireless charging pads and some much stupid shit that will make their phone plan like $150.

Now, take the stupidity of the American phone plan. Apply that to everything. College, cars, credit cards, fucking lines of credit through Dell for laptops, etc. That is how the average American spends their money.

We are literally pushed to do this. Our culture pushes us to want luxury items, to chase this meaningless image that is actually only reserved for the rich ruling class in our country (crazy parties, etc). I go to a really good university, that is the reality. We are actually free from the fucking matrix here, but most anons don't realize the foresight they have been blessed with.

>>19350971
i never use cad. cad engineers are paid much less. im a safety engineer. i make sure designs are safe and approve them for the state. its meaningless work but you need like a couple engineer singatures for certain projects and hence im a glorified contract signer

>>19347716

car or house maintenance emergency

>>19350978
I'm in chemical. also doing me FE this year.
i can probably make 6 figures very easily if i changed companies right now desu. just need to wait for oil to recover.

As for mentor, i met him off craigslist when i was looking for a cheap room to live in near work and i guess i reminded him of himself when he was younger and he decided to advise me on a lot of things. so i guess lucky?

>>19350713
yes before taxes and after taxes is huge difference.

internet depends on area. you can get ripped off with 50/mo for 100mbps or get 200mbps for 40/mo

i dont pa for car or rent. i save a good portion of my income. my biggest spending was gas before wfh. now its groceries at like 70/mo.

i imagine rent and car is where most money goes. car insurance is much higher when youre young than when youre older

>>19344609
Not necessarily.

>>19351030
I've heard that is where the money is at is basically approving a lot of different engineering designs, etc.
I am computer science working with datastructures, algorithms, network architecture, some security work and both back end development (database) and front end (user interface, web page interactivity, working with the browser to improve functionality with the database).
I really enjoy the field I study and will hopefully be able to end up working at FANG company when I have the experience/resume to do it.
Your job sounds pretty cool, smartest people I have met are engineers so far in university.

>>19351325
You won't get into fang with experience and resume, better off investing in becoming really really good at difficult technical interviews.

>>19342435
imagine actually being poor.

Are people who are unassertive, overemotional, neurotic, anxiety ridden, uncharismatic and capricious ever successful in life?

>>19351679
Honestly, that is the point of studying datastructures and algorithms. I am not nearly smart enough to be designing new algorithms for mathmatical operations, but technical interviews require them.
They are also a great way to understand how the computer works, but is very complicated.
>>19351781
People can change, but the motivation has to come from with-in the individual.

>>19342435
Money buys status, confidence, personal trainers, new cars, nice place to live, quality food and usually meeting better people.
Money is fucking magical and you should get some.

>>19341334
play jewish games
win jewish prizes

>>19340941
Credit cards and endless debt.

I too fell for this meme. Example:

>Married couple I know from highschool purchased very large house with only a few thousand down in 2016
>they just spent tens of thousands of dollars on in-vitro pregnancy therapy a few months ago
>just last weekend bought a $15k Side-by-side in addition to an annual lease on some acreage to ride and camp on
>They make around $20/hr doing menial jobs.

I cringe just thinking about them slaving til they’re 70+years old to pay it all off.

>>19340941
Credit cards.

>>19351325
>I really enjoy the field I study and will hopefully be able to end up working at FANG company when I have the experience/resume to do it.

im not in cs but have many friends. dont know what year youre in but i can give some good advice. if youre a first year, get any kind of computer related work you can even it at school. if youre a second or third year attend the SHPE conference. its a hispanic conference but anyone can go. its actually has a lot of white and asians. all the faang companies recruit form there and have exclusive new hire positions that they only fill form there. you will def walk away with at least 5 interviews. big banks like jp morgan and goldman sachs also hire cs kids to be glorified tech support but it looks really good on the resume and they pay their interns way more than google does. after the resume boost you will get in any faang company of choice. if you get in unix you will double your salary.

>>19351781
im not emotional at all. i just dont get the point is squandering money to what it appears to be showing up that "my life is so great". i just dont get how they can spend so much.

i do consider myself above average in intelligence. i mean i did graduate a hard major so i dont think thats bragging. but im def not super genius or einstein. plus im young. i figure more normies cant be that dumb about their spending. can they be???? maybe im just a jew

>>19352703
what tier school minimum?
t. insurance fag looking to pivot, potentially into a MS in business analytics

>>19352203
yes. i was in college on a full ride and got refund checks. while everyone was broke i had a lot of cash. girls i didnt even know knew about me because everyone thought i had a lot of money. i obviously didnt have a lot but i guess its relative

>>19352435
but wont that property appreciate greatly.

seems like a solid investment. theyre not throwing money away in rent and are building equity. if theyre smart, they will pass over the lease to their kids

>>19340941
>normie friends make similar/slightly more
>>new car (not used)
>>new house/rent
>>vacations
>>eating out everyday
>>starbucks
>>student loans
>how are they affording this?

That shit costs about equal to the $45k you don't spend
>New car LEASE = $400pm
>Apartment LEASE = $1600pm
>Vacations = $5k
>Eating out = $1kpm

So living their life is about $41k as described above... but what have they got to show for it?

>>19352764
my friends varied from state school to even community college when getting internships.

the ones that went to top tier schools have no clue how to network. a good mid tier state school is ideal imo

>>19352818
based. i'm figuring that the state schools will do the best for me. Really not looking to kill myself over it. getting an MBA seems like it should make the pedigree useless unless i need it for leverage

>>19352814
surely they plan on having kids and paying for their education though one day right? Im not sure how anyone has kids without having a house bought outright and 100k per kid saved up in a trust fund

>>19352818
and thanks!

>>19352854
id wait out on the mba. people i know who work at jpm and goldman tell me mbas dont look that impressive unless its harvard. online education might get more cred after covid dies down. if you havent started studying id focus on getting a really good gmat score

another utterly pointless thread on /biz/. OP is a fag, as always

>>19352864
yeah bro we're all going to make it. fuck normies

>>19352856
I had my first daughter when I was unemployed (voluntary, left work to travel) with $10k savings in the bank, living temporarily with my wife's parents. That daughter is 10 now and I own a $400k house outright and if she asked for $100k tomorrow, I could probably scrape it together. Things don't have to follow such a cautious path, and if people work hard and be disciplined in their spending, they can catch up after making dumb shit mistakes.

>>19341169
Generational wealth is what made boomers what they are.
We should all endeavor to spend every cent we make before the day we die.
If your kids can't hack it on their own they're just dead end people.

>>19352873
>>19352897
>really good gmat score
cheers. I took the GRE dry in 2016 and got in the 91st and 85th percentile. I'll have to brush up. My enrollment would probably be out in fall 2022 or so. I might take some courses non-matriculated if my employer sponsors it. They might want me in management, but it's only been a little over a year. Here's to hoping.

>>19340941
>New car is bad ):((

Imagine paying $5,000 for a shit box that will be unreliable instead of buying a $17,000 car that will last you 10+ years.

You are under warranty, you know what maintenance went into it is well since you are the only owner. I pay $500 a month with insurance too own a brand new car that will never break down on me and if it does its covered by the factory.

If you drive maybe once or twice a week or make less than $48,000 then don't buy new.

Even though i have more money than all of my peers my age [ 29 ], they had a decade of driving nice cars, living in their own apartments, taking their girlfriends/wives out to exotic locations and traveling.

Money is not everything - I'm betting on exponential growth, but sometimes I imagine what my life would have been like just being a normal hedonistic debt fueled normie.

>>19352924
kneepads?

>>19352924
idk man.
i grew up poor. yeah my parents were able to scrape up money when NEEDED but it always felt shitty as a kid. like you feel the parents stress.

I dont think its cautious but more responsible. i personally would not feel comfortable depending on someone else aside from parents

>>19353133
i have a 2010 honda with under 100k miles from my dad. i think it will last me more than a brand new bmw

>>19353183
none of that seems appealing to me.
i wouldnt know what to do with my own apartment if im alone 50% of the time. i like hanging out with my parents

>>19340941
Here is the tech no matter what you make:

>max out retirement accounts as much as possible
think 401k
>save as much as possible per paycheck after taxes for savings goals
A year of bills saved up should you lose your job
>savings should be in high interest yield accounts
e.i. discover or ally, they usually give 1.35% - 1.95% which is better than Chase .001%
> after make sure to max out a ROTH IRA
That way your money can grow and you can take out your initial investment tax free
>only buy certified pre-owned cars specifically Honda or Toyota never pay more than 15k and run that bitch into the ground
after 1 month a new car looses its appeal. But you know what doesn't lose its appeal? That monthly $450 car payment.
>live below your means
This is the hardest and easiest thing to understand, things are material and while some things you do "need", most things are" wants".

Material things do NOT bring happiness, they are simply chains that tie you down.It is marketing working in full force to make you think you want these things.
Learn to enjoy experiences, and I can't stress this enough, fucking travel.

I travel once a year. Last year I traveled to Japan with some buddies for ten days and only spent ,in total , 2.5k and I got to do EVERYTHING I wanted to do.

That trip alone will be an experience that we will never forget and it brought true happiness to our lives. Rather spend 2.5k on a trip like that then put 2.5k to a shitty BMW

You will be surprised how many people are in debt up to their ears. I'm talking 60k in loans, 40k car loan and only make 60k. Yes, this is the regular joe not an outlier

>>19353432
i do all of these things.
except i didnt buy a car. i just got my dads old honda.

>>19343600
>paying anything
fuck off jew

>>19345168
A beachfront villa in Maui for 1 week can run $25-30k, add in first class tickets, a luxury SUV rental, and 3-4 nights of restaurants (plus the I'm frugal 1 night eating in tee hee) and you can run up towards a $50k week really quickly.

my dude splurge on a VR headset and a weight lifting bench, and you'll never want to spend money again. Its great i can just pretend to drive a Ferrari and instead use that money to buy UAL

>>19353603
Hawaii sucks. Way overbuilt and too many Asians. Hawaii is hands down the most overrated vacation spot i've ever been to.

>>19349869
>hey everyone engineers are [latest 4chan insult]! I know like [anecdotal evidence supposedly blue collar workers] making [contemporatily large pretax, pre-expense income with zero evidence to substatiate the claim]

wow its almost like whoever drafted this template didn't go to college

>>19354061
too be fair i personally know some uber drivers who were making 80-100k a year. they work 12 hours though and the hourly pay is a lot less than mine. not to mention less consistent. they get some neat tax write offs though.

>>19348437
the only gamble worth trying right now

>>19341060
This is obviously b8. Good job on hooking in all those people before me.

>>19346274
you must have never set food anywhere near a major US city. 600 for ANY room with less than 5 roommates is considered a good deal in my city.

>>19356025
yep. i honestly just look up craigslist and zillow airbnb for similar rates. very easy to beat them

>>19340941
No savings

>>19340941
Sounds like your friends are enjoying themselves & spending their money because they know you cant take it with you when you die, instead of autistically saving as much as possible

>>19353488
Look into an making your 401(k), IRA, and an HSA self-directed. This will allow you to invest in real estate. Only problem is you can't live in it. You can use $10,000 from your 401(k) penalty free to purchase your first home though.

>>19354720
This. Even if it only does a 2x, it's still a better ROI than the stock market.

>>19341060
Nah fuck this. Save. Get another job. Just fucking grind it you stupid niggers. Grind it and invest. Retire at 30 to your farm and live off dividends/rental income. Don’t fuck around.

>>19340967
blackpilled again

>>19348437
>tfw I turned my gambling habit into a crypto habit

It feels nice keeping more of my money.

>>19356146
have fun working until you die

>>19356934
what do you mean self directed. i think my hsa and ira are like that

>>19357581
>what do you mean self directed
If you have a traditional account, you're given investment options based on what the custodian wants to offer. With a self-directed account, you use an LLC (not always though) and you basically act as your own custodian.
>i think my hsa and ira are like that
Maybe, but I doubt it. They're not standard.

>>19347286
>oh no I won't be able to fuck hot girls!!!!
if that's all you think life is about you're pathetic

>>19350455
Trades are pretty legit but you have to deal with retards like this guy all day

>>19357720
im not sure if i follow.
yes 401k is traditional for me and i can invest in options my company allows me to. im like 95% in the fund that tracks sp500 and 5% in one that tracks the bond market index.

my roth i do from vanguard myself in my own brokerage account. i didnt need an llc for it? i just opened and put in 6k for last year and 6k this year

>>19340964

Annnnddd first post best post.

I'm married with one kid and it feels like the wife and I are living paycheck to paycheck and driving beat up cars and live in a shitty house.

Got a friend with two kids, and they have 2 new cars, nicer house, etc. Found out last week the husbands dad pays all daycare expenses, and gave the couple 40k towards their first home. So basically they get free money every month.

I didn't get anything handed to me. And I'm also not in debt. 30k in the bank.

So IDK it annoys me too, but these people have parents money coming in and they run up their debt too.

>>19359253
this got me thinking.
it is unfair but at the same time im aggressively saving so i can do the same for my kids in the future?

>>19340964
Debt is the answer