/biz/ - Business & Finance

>>19642251
>tfw only 250k at 30
How do I cope with this?

fag

>>19642251
If you're over 16 and using 4chan you've failed life.

>>19642251
so whats your plan fag?

>>19642251
kek. ok loserino.

>>19642251
>caring about money
ngmi, faggot

>>19642251
My advice. If you have something you love to do, do that everyday. As long as you are true to what you love. The rest works its self out. Money ain't shit. If I told you and the shallow fags reading this. You would never believe my story. So no need to tell it. Passion before cash.

>>19642251
yeah...I don't know how to tell you this, but getting rich is mostly luck.

>>19642251
If you are 30 today, that means you were 20 in 2010. Most people from medium income families start investing around 20, so let's start there.

If you invested 10k into AMZN, one of the best companies in the world at 20, it would be 200k today.

If you invested 1000 a month for those 10 years into AMZN, plus the 10k start, you would be at 1M by 30.

Taxes would leave you with more like 700k if you withdrew that.

Here's the reality nigger, even if you did everything pretty much right in life, you'd still barely scratch 1M.

To pass 1M you need on average:
-Come from a rich family allowing you to invest 100s of thousands in your early 20s
-Have rich parents co-sign on a house allowing you to see gains on massive leverage
-Grow other people's large amounts of money and take a cut
-Start a very successful company.

Very few people achieve these things man. Just try your best to get your shit together now and hit 1m by 40.

you're not even trying, you're not even setting goals, and you're not even exploring your options and possibilities which are only once-in-a-lifetime. Fapping all day and being sad and doing nothing all day is not gonna contribute to you "making it". You can talk forever about it like a little girl, and seek support all day, but what are you willing to do about it?

When you day trade, do you exit your positions before market close? or do you gamble away hoping you can ride afterhour volatility? Get informed, pick one, and then learn to do both.

Do you spend more time doing jack shit than getting better at what you do?

What will you do about it other than end yourself?

>>19642251
It's all luck past a certain point. Skill switches are too time consuming and costly to do constantly which means whichever skill (or skills) you choose to build up, you're basically stuck with. There are a limited number of positions open for people with whatever skill you choose and not every position is created equal so a fraction of a fraction are actually rewarding in a big way.

For every winner, there are 999 losers who probably on a different day would have been the winner. The other positions besides those elite ones are just place holders that if you're lucky don't make you want to kill yourself while you wait for the more elite positions to open up.

You also can't "create" positions in general, so even if you're exceptionally skilled there are a limited number of inefficiencies in your field that you can reliably take advantage of and if you attempt to, you're opening yourself up to a great deal of other luck based factors which might sabotage your success in doing so even if you had everything lined up right.

The correct way to do anything and everything is be open minded to success as a concept, no matter how you achieve it. Pick like 3 skills that have mild synergies, but are still different from each other, and work on all of them with an open mind that you'll commit to whatever gets the most traction the easiest. If that means fixing vacuum cleaners, you pretty much have to go with that, even if you want to be a professional body builder.

Life is all feedback loops and you'll recognize when you have a constructive one on your hands because things will feel easy. There will be a natural momentum, a wind at your back. The reason failure is so rampant in modern times is because we have a culture that tries to champion hard-work and persistence as a way of covering for how easy it was for some people. If it's not working, you guessed wrong and you either pivot or pray.

>>19642251
Honestly dude if you can just pay off your house by like 33 and you dont live around niggers, you've made it.

>>19642251
I have 320 bucks and Im 35. Life is good.

>>19642251
Little bitch

>>19642288
>>19642302
>>19642337
>>19642426
>>19642707
>>19642771
>>19642781
poorfag cope

>>19642251
This the right mindset to have. Subconsciously, all your energy and attention will go towards making money. You'll make it bro.

We all want to look at Jeff Bezos with a hand written Amazon sign in some dingy poorly lit office and say "my ancestor :)" but the guy was a successful quantitative trader before he even attempted the Amazon concept. The reason you hear about guys putting away 18 hour days and shit (besides more often than not being bullshit) is because at hour 8 they're making $15, at hour 9 they're making $18, at hour 10 they're making $22, at hour 11 they're making $27, you think they should keep going? Wouldn't you?

They put in the time because the time gets rewarded. If your time isn't getting rewarded, you pivot. The whole idea that you should "just stick with it, meditate, hone your craft" and all that new age shit is trash. The best people at everything were always pretty much going to the best.

If you could plot their skill curve, you wouldn't see any significant dips or prolonged flat-lines, you would see it just going higher...and higher...and higher...Speaking of Bezos: https://www.thestatesman.com/business/amazon-founder-jeff-bezos-reveals-how-a-sri-lankan-friend-helped-him-realise-physics-isnt-his-calling-1502686710.html

Don't be alternate reality Jeff Bezos fumbling around like a dumb ass, insisting you're a physicist, when you can just admit it isn't your thing, cut your loss, and find something that works. I'm telling you to do the exact opposite of what all of those self-help, pop-psychology shit books tell you: stop meditating, stop mindfulness nonsense, throw away your stupid fucking journal and quit the shit that isn't working.

>>19642853
Jew cope

>>19642861
>some anon likes making money
>automatically assumes jew
>us vs them tribal mentality
>hurrr durr money is evil
poofag cope

>>19642859
What does mindfulness and meditation have to do with this? If anything, meditation would make you help realize your mistake and find something more useful and fulfilling...

>>19642781
Fucking lucky. I have a -14k net worth.

>>19642251
just become a millionaire lmao

>>19642251
>your peers
why do you care so much? I have friends, but I tell myself that I don't need them, and can do without them. Stop worrying about things you have no control over, and start working on what you can. Even if you reach 60, and still only have a networth of 400k, that's still fine. You made it that far.

My dad has a networth of 2M today and a nice house and hardworking wife who can't work anymore and dysfunctional family, but he started at 17 working a shit job in a car factory and only started his business at 35, and started trading at 50-60's. I browse these boards to learn from peoples' mistakes and hope I can avoid learning the hard way.

There's been studies about people who made it to the age of 100 and over, and they all have a passive fighting personality in common. If you're just moping now, then you're not going to make it. If your goal is lambo, then you're gonna have to be creative to work for it, and keep on grinding.

>>19642251
You made this post purely to give good and innocent anons a complex over a lie and a fiction.

Shame on you.

>>19642859
He didn't say anything about meditation or mindfulness though (which has little to do with this entire topic, outside of mental health and whatnot). And your advice is basically worthless "do something that works, don't do something you suck at" - OK, thanks genius. It seriously sounds like you just have some weird bug up your ass about meditation for some reason.

>>19642251

This is to personal finance what incels are to healthy relationships.

Spoiler alert: Reaching some made-up net worth number will not magically make your life better.

I never tried to be rich until i was 30...
I has a happy neet back then.

>>19642251
if you are saving a lot of cash you will never be a millionaire. Every paycheck should be immediately put into undervalued stocks that pay good dividends. Do that every paycheck and you will get there fast. If you have a million in stocks you should be able to make a 6 figure salary off dividends. If you think the market is crashing, just pull your money out and then reinvest on a dip

>>19642251
>tfw 31 and a millionaire neet not having any aspirations in life anymore except fighting the ZOG when my millions turn into billions.

>>19643469
>If you think the market is crashing, just pull your money out and then reinvest on a dip
And get fucked by the taxman only to discover that you were wrong and know you have to buy back less for the same price.
The rest of your advice is solid tho

>>19642251
It's just how life is. Not everyone is destined to be a millionaire. Just keep grinding and you'll fulfill your dreams eventually.

>>19642251
My dad made roughly 300k every year until 2008, then that dropped to maybe 150k. He only recently became a multi-millionaire at 64 selling about 10 million in property holdings.

Life isn't all about money, anon. I had a very charmed existence throughout my childhood but more importantly I had parents who gave a damn and made sure to spend time with me and provide me with amazing experiences, while having the security to give me that life without constant stress.

Things are nice, but telling you from experience... the big house gets old, the cars stay cool for a year, the vacations are fun once and a while, but the thing that matters most is creating a family legacy of happiness, hard work and love. I can say with 100% certainty that my father's number 1 priority his entire life was making us feel loved, and he would have given up all his money for that.

>>19642251
Imagine not investing all your money in AMZN in 1999

>>19643967
Irish genes are the way to go and promoting a religion based on eugenics science, open suicide and sacrificing yourself for others is what will make the jews seethe the most.

>>19644207
He is retarded because he could have lived a middle class life for a few years, invested his money, then retired young and been with his family.

Gotta have that new flatscreen TV though

>>19644207
>the thing that matters most is creating a family legacy of happiness, hard work and love

you get it my man.

Hey rich people would you let your son go to a public school with all the gypsies, africans, future criminals? or do you at least bother looking through both the public and private schools?

I personally want to complete avoid sending my kids to school because of my past experiences. It dumbs them down, teaches them to be sheep and teaches them to not use the law or be sneaky or think smart or report scumbag rednecks pretending to be intellectuals. Public school for me was fascism incarnate.
Better off teaching my kids myself how to make money and learn to appreciate things in live. I can no longer appreciate things outside of torturing 90% of this planet, nothing but crabs pulling other crabs down.

>>19642251
I'm pushing 40 and not even a hundred thousandaire yet I feel great and loved and have a family :)

>>19644207
>>19644594
>family
>2020
>rampant feminism, internet porn, (((Social media))), ZOG, communism rising, west burning

Good luck.

>>19643015
nigga what

>>19642859
I'm shit at maths but the best way I can think to make it starts with a good engineer salary. What else would I do?

>>19642251
>33 YO.
>35k LINK stack.
>Millionaire next year.

So long, virgins.

>>19644207

>Life isn't all about money, anon

pretty easy to say when daddy has 10 million and you know you never need to worry about food clothing and shelter but for the rest of us it's life and death

>>19643967
Have fun losing everything

>32 yrs old
>negative net worth due to student loans and stock market losses
>unemployed
you're like a lil baby, OP. start by getting off 4chan right now and spend less time making stupid threads. learn. don't waste a minute. if you do spend time not working, it should be relaxing. going online isn't relaxing, it's stressful. you're 25, that's still relatively young. i would give my left arm up to be 25 again.

>>19642251
>tfw 21 and medically retired from the military but not a millionaire
if im not making progress soon i see absolutely no reason to live, nothing is fulfilling enough to warrant staying here

Honestly where I come from if I turn 30 and still am not addicted to a drug and have never gone to prison I made it lmao. Take what you can bro, do your best. If you can make 200$ a day flipping shitcoins or stocks you can make $76,000 a year, and then you can flip that higher. You don't need a wild crushing success to make it, just put in the work and make your gains every day and you're waaay ahead of 99% of everybody else.