/biz/ - Business & Finance

>>23400036
I think you meant to type in reddit.com, sorry

>>23400036
all in chainlink and enjoy never needing to worry about money again

>vti
>not VOO or QQQ

retard nigger

>>23400036
All in uniswap

>>23400036
Similar situation.
I would suggest working 10 years then you'd covered by social security and Medicare.
Your parents will like you more too.
This also let's you buy a house easier.
Start with a 4 plex.

>>23400036
How about you dont be a bugman and build a larger pot of.wealth with it and have kids to guide into doing the same, you miserable sack of shit.

>>23400036
Man, I'm really going to be richer than trustfund niggers who had life handed to them on a golden platter..

>>23400133

Checkem

>>23400126
Yeah, I’ve accepted the fact that I’m probably going to have to work some length of time, what I’m looking for are creative solutions to minimize or eliminate that time.

>>23400128
No interest in having children.

>>23400133
That’s great, I don’t need to be rich though, I just want to have a source of passive income so I can relax in a $150k house in Idaho or Wyoming or somewhere where people won’t bother me.

Self storage units are something else I’ve considered.

>>23400036
>travel and enjoy my hobbies and enjoy a comfortable living situation

I would say the best way to not work is to keep your desires humble and make it so you don't have to spend a lot of money, but you're clearly going for a more exciting lifestyle.

The ROTH IRA is a great spot to put money in. That'll be a growth fund that'll do nothing but make more money for when you want to truly retire or have major expenses like a house.

Moving on the the income investments, it's a good idea to keep your funds diversified, which I see you already know. Real estate investment with a business already on it, like a trailer park, is both a sound growth investment while making you income.

Perhaps look into house hacking so you could live in your house for free while renters pay off your mortgage.

Consider opening a Health Savings Account (HSA) as deposits, withdrawals, and earnings from these accounts are tax exempt. It's a fantastic tool for paying off medical expenses.

After that, I'd personally try to start businesses that can make money without constant maintenance. Online services and making your own ATM networks are some potential ideas. Owning real estate that is then managed by somebody else to collect rent is another option.

Best of luck, mate.

>>23400290
Well I'm jealous of your easy money and I don't like you very much, so I'm not going to tell you anything useful.

>>23400133
>>23400503
That's a pivot if I've ever seen one. wow.

>I'm really going to be richer than you
>I'm jealous of your money

baka

>>23400522
They are both true statements. Fuck off nigger.

>>23400489
Thank you friend, I’ll look into your suggestions.

>>23400503
That’s alright, I’m used to it. Most people I meet end up harboring resentment towards me when they realize I don’t have a job and I’m coasting on a trust fund.

>>23400036
Index fund, don't listen to the retard crypto fags, if you really want to gamble with crypto then use a couple grnad to do so.

>>23400036
Depending on where you live, this is not enough money to not work. If you live in America or Western Europe it almost certainly isn’t. You need about $3 million to be able to do nothing and also get to do fun stuff.

>>23400036
that's not enough money to do anything like buy a trailer park/industrial park. but, it is enough to do 10x50k downpayments on rental properties at virtually zero-interest-rate mortgages, and begin your real estate empire on the outskirts of some growing city somewhere.

>>23400646
Yeah I messed around with crypto, the potential for massive returns in short periods of time is tempting, but it’s just too volatile to gamble my only chance at having a relatively easy life on.

>>23400664
Can you elaborate on this, or point me where I can read on it? How do I get virtually zero interest rate mortgages just by having a trust fund?

>>23401009
interest rates are at zero, and you having this asset base will make the banks confident in your ability to pay. you'll need to DYOR on this and see what the limitations on the trust funds distributions are.

>>23400489
>buy duplex/tri/qualplex
>live in one unit and rent out the rest
>renters pay yoyr mortgage while youre building equity on "house" with very high value
Seems like a no brainer

With half a million dollars you can live a modest but comfy lifestyle in SEA pretty much until you die. I'm talking small home near the beach in a tropical climate.

>>23400036
Most of your money into Forex. Also, even if you hate crypto buy PRIA and just hold it and forget about it for a few years. It will definitely pay off.

>>23401392
I should have been more specific, I was using trust fund kid as a blanket term for someone with a silver spoon, my money is mine to do with as I please now, I could cash out all my investments (except for the Roth IRA of course) and blow it all on coke and hookers if I wanted. Also, the prime rate being at 3.25% (and the fed rate being at 0.25%) does not mean I can walk into a bank and mortgage a house at 3.25%. Not to mention, getting a mortgage without a steady source of income isn't something banks really do, I could probably get away with it for one mortgage but no way in hell ten. I appreciate you trying to help me but I don't think you fully understand mortgaging.

>>23401670
I have considered expatriating but I have friends and family in the US. Plus I don't really want to be surrounded by moon faces.

>>23400036
For a decently comfortable life, you need something like $7M lifetime earnings to live a somewhat upper-class lifestyle and retire assuming you live to be 100. Only about $3m if you want to live middle-class alone until 80. At your current value, this is within your sight.

>>23401551
Pretty much summed it up there.

Of course, the worse location you pick the harder this will be to pull off. The golden rule of real estate still applies.

>LOCATIONLOCATIONLOCATION

>>23400036
Why don't you git good at something. Fucking progress in your field.

>>23401551
>no brainer

being a landlord is terrible and the post tax post headache gains are minimal. might as well buy total stock market index

>>23402602
>My sister just got her first house
>Dad co-signed the mortgage to get her a better deal with bank
>Dad is self-employed as successful entrepreneur in aerospace industry
>10 mill in the bank
>Mortgage loaner makes my dad prove so much shit. Forcing him to send every financial document he's ever sent. He just sold his business and has had to do 20 times the amount of paperwork to get this loan then he had to when selling his whole business.
>Complains about it everyday.

Getting a mortgage when self-employed is MUCH more difficult than is your a wagecuck. Heck, it's easier to get a mortgage if you're unemployed than if you're self-employed. Banks assume there's a lot more risk when it comes to self-employed clients.

>>23400036
trailer parks are decent, very high returns. Also look at just buying boring steady businesses from retiring boomers that have managers

>>23403183
I'm getting my master's in accounting. I hate accounting and I hate working in general. I really just entered the master's program to avoid having an obligation to work. You could call me lazy and you'd be right. I've worked before, otherwise I wouldn't have been able to contribute to a Roth. I hate being bound by schedules and being in constant anxiety that I'm going to fuck something up. Progressing in my field is the absolute last thing I intend to do.

>>23400036
fuck you

>>23403686
I'm the guy from a similar situation.

Currently I work at amazon on Tom team (we are known for being lazy, not as much as safety though).

I would suggest getting into the trucking industry...

It's not work work... It's just driving.

High capital cost keep poor retards out, even though you still have to compete with Russians and somalis (90% of all truckers).

>>23403900
I’m already involved in the trucking industry, actually, but I have no intentions of being a driver. Pretty much all the drivers I know are miserable folks that look like they could collapse at any second.

>>23400036
how about dont be a lazy nigger and work a little until your 30or so and build more wealth????

>>23400036
I don't even see you as human desu