/biz/ - Business & Finance

>>24569796
This, you need at least 35million to make it before taxes

>>24569796

Let's be real here. All the smartest anons on this board know that it's impossible to retire with anything less than $100 million. Anything less than that and you're basically a pauper playing make-believe.

>>24569796
Lol even half a million is making it, if you manage to burn through such amount of money you're a retard

I just want 2 mil to stop working. It would be comfy to let that 2 mil generate 5% a year so I have 100k to live off of. So 2 mil seems based enough for me

>>24569796
I enjoy brainstorm investment ideas. If I had years worth of wages, I could commit to it full time instead of wasting my energy on the wagie treadmill.

If you can't elevate yourself with a million dollars, you're probably a over spending dumbass.

>>24569865
THIS!

I can easily live a comfy lifestyle for the rest of my life on $1 million, being a minimalist. Meditation, friends, family and nature make me plenty happy.

Need 10mil minimum after tax if you live in the US and want to raise a family. Thats the minimum threshold for comfy status

this is your brain on consumerism

>>24569796
If you haven't made it with a million dollars, then you are a shallow prick that will never truly make it.

>>24570016
You sound like a faggit

>>24569846
It deepends on your country and lifestyle, 10 million after taxes would be Ok to live from the taxed remains of dividends for me.

>>24570111
that's fine anon. rather a happy faggit than a depressed greedy neet

For me 'making it', is 2.5 million after tax. All I want is to buy a modest house/appartment, and 2k monthly allowance for the rest of my life.

I don't need a lambo or a rolex. I just want a financial safety net that allows me to pursue whatever I want. If it gets me more money, yay, if it doesn't, no big deal.

>>24570111
Guaranteed you are a metrosexual at the best.

>>24569796
Million isn’t enough to live comfy in good parts of a third world.

>>24569796
>MILLION DOLLAR NOT ENOUGH TO CONSOOOM
>HOW CAN MAKE IT IF NOT CONSOOM?
>SAD_FROG.JPG

it's enough to pay off your debt, buy a home in cash in a rural area, and pre-pay your property taxes and many other expenses for the rest of your life. stop being a retarded nigger.

>>24570464
Yes it is.
Innawoods easily.

>>24570505
You are the retard, the game is about creating generational wealth.

>>24569796
150k in third worlds makes you 3 minimum wage salaries(minimum wage salary = 350$)

150 million dollars is a well budgeted Hollywood movie.
However most studios and shit especially fellow investors and producers still treat you like garbage outside of just being another wealthy investor. They won't listen to your ideas if you're not a "talented veteran" in the medium.
Then there's people so fucking stubborn they refuse to sell their service to you or listen to you no matter how much you pay them 1) they're incapable of listen 2) they don't have time to listen to some shmuck richkid who doesn't know shit about the medium he works in 3)you have to create your own circlejerk for that.

1m will get you multiple 30yr mortages

>>24569796
Based and truthpilled
>t. 50k LINK holder

A mil is history since the 60s. Except if in a good alt. ETH/TOMO combo. Making it before eoy

>>24569796
It depends what your goals are and what you are happy with, sure you get more greedy after getting some gains but being aware of this can help you settle for less than what could be.

>>24570657
>generational wealth
great idea if you want your descendants to be idiots

I would make it with $200k in my shithole

>>24570118

I was meming, dude. If you can't make a happy life for yourself on 1 million you couldn't do it with a billion.

>>24569796
I could get financial freedom off a million because I am no retarded and could continue growing my wealth every year.

>>24569796
You can throw 1mil into dividend etfs and live comfortably off of the dividends, pursue your true passion and make money with that in a few years

>>24569796
1 million is not nothing faggot. it's not enough to retire in the first world but it's a lifechanging amount of money. you can quit your job and pursue any kind of career or business venture you want. if you're smart you can turn that 1 million into 10 million and then you'll really be set for life

I’ve got $300k in cash, feels like nothing and I need to 10x it somehow

>>24569796
$2MM is comfy mode, but not safe nor satisfactory by any means. $10MM is satisfactory and safe, but not fuck you money. $100MM+ is fuck you money.

>>24571079
Just look at the owners of the Heinecken brewery, it is possible to create a system that keeps generational wealth going and your descendants to a degree mentally healthy.
>>24571153
1 million gives you 20-30k after taxes a year. thats enough to neet alone. But you need more for a family in a first world country.

You LITERALLY need a bazillion dollars to make it

>>24571259
guess 2mil is the goal then, $300 link is my sell target then! LETS GOOOO

>>24569796
if you have 1 million you are 1-2 years away of having 1.5 millions

>>24571259
>possible
most people that make it aren't going to bother, lets be honest. biology will supercede all and parents are ultimately just going to bail out their children because of basic primal instincts

>>24571223

All-in Bitcoin, EZ

>>24569865
I agree,

at these current times, home prices are absolutely nuts, and 98% of the people get them with minimum down. If you made half a million in crypto theres so many changes that come into your life where you can live with way less stress,

these fags in thier moms basement think life is a zero to 100 polar mindset, want to go from being a fucking turd that eats white castle to driving a lambo, fucking sluts on the regular, eating caviar, a gated mansion from buying link at 18$

meanwhile if they dollar cost average with a wagie job, sell at a reasonable time, perhaps 400-500k is whats going to change your quality of life from being a turd.

at that point you can always discover a new shitcoin in 2024 and start investing with large capital and eventually start making a few million at that point.

stepping stones of wealth you your brains. crypto has some of the most retarded people

>>24571336
A 10x?

$1M is the baseline for making it as in "never having to work for someone else again". With $1M in investments pulling 5% ROI annually, that's $50k pretax per year to live on, and because it's investment income, the first $40k is tax free, and then the next $10k is taxed at 15%, so after tax that's $48500 to live on, or just slightly over $4k/month AFTER TAXES. If you live frugally, you're basically stacking free money at that point. Even if you have a family, you can give them a middle class lifestyle with no work on your part and you can actually enjoy your family rather than just see them a couple hours a night and on weekends. $1M is still a big deal.

If you want to travel and live a lavish lifestyle, you'll want $2M pulling 5%. That first $40k is still taxed at 0%, and the next $60k is still taxed at 15%, so your annual passive income is $91k after taxes. Your monthly income is a little over $7580/month. Now you can afford luxury cars, an excessively large house, private schools, and regular travel out of country for the whole family on JUST your passive income, without even touching the principle you have invested!

This works the other way, too. You can figure out what your expected monthly expenses are, add a 20% or 50% buffer onto that to cover savings and irregular expenses and emergencies, and figure out what you need to have invested to get that passive income. Let's say you're desperately NEET at heart and can't stand working for the man for one more minute, and you can get buy on $2000/mo or $24k/yr. That's below the tax threshold for capital gains, so you don't have to worry about taxes at all. Multiply $24k by 20 and you get $480k. That's how much you need to have after crypto taxes to retire early. Now, maybe you're worried about crypto taxes. Let's assume you've held for longer than a year. You can cash out up to $40k of crypto per year tax free. Between $40k and $440k, it gets taxed at 15%. Above $440k it gets taxed at 20%. Cont

>>24571335
Just be a psycho with enough fallback childreen.

$5MM is my make it target. Even at 2% yield of AAA rated munis, you still get $100k per year, no tax. That way I make my money, fund local gov projects of my choosing, and don't pay anyone a fucking dime

1m would be enough for me to retire on.

>500k into a savings account
>300k towards two properties
>100k renovating my current home
>20k new car

Put both properties up for rent + gain interest on the 500k + still have 80k in the bank which is about 3 years of my current salary.

More than enough to retire.

Half a mil is making it.

if your only pleasure in life is to consoooooom then you are a pleb and you will never make it even if you have a billion dolars.

>>24571198
keep in mind the taxes for non qualified divs will be high. but if theyre qualified youll only be paying 15 percent plus whatever state taxes (13.3 percent in CA - so 28.3 percent total) plan accordingly.

>>24571404
(Crypto is not like the lottery, where you have to pay about half of it in taxes to get the full sum immediately). So you want $480k to retire. Taking tax brackets into account, you'll need to cash out $560k of crypto and pay $80k in taxes if you cash it all out in the same calendar year. If you're smart and wait until December, you can cash out half in December and half in January and save some money in taxes. If you do that, your total crypto cash out only needs to be a little under $551k, saving a little over $9k in taxes overall.

Anybody who buys and holds crypto for several years, putting the money they have into it steadily, should be able to accumulate a $551k stack eventually and escape mcdonalds. If they invest more aggressively or hold longer, a $1M or $2M stack is not only not impossible, it's likely. Just hold.

>>24571427
>munis
I wouldn't touch that shit with a 100 ft pole. Local governments are fucking shit at managing money. I'd go for corporate bonds.

>>24570200
This. 2.5-3 million is ideal. Anything beyond that is just more security or donation money for me.

>>24569814
If you're retarded maybe

>>24569796
No, it is literally nothing. A million Euros on the other hand...

$1 million is enough to buy a small house in some rural area, play video games, smoke pot, and basically do nothing until you die at age 80. and that's all most people here want.

Not a single one of you adjusts their thinking for
>inflation
>ZIRP
>QE
and the possibility that muh investments will not return 5% per year every year indefinitely.

Making it begins at around $30m right now and making it will probably begin at $50m around the year 2025.

In other words you're back to worrying about money in less than two decades if your investments don't
>outperform inflation SIGNIFICANTLY
>never see a loss y/y
and you never touch the principal.

>>24571903
Yes.

>>24571567
>Anybody who buys and holds crypto for several years, putting the money they have into it steadily, should be able to accumulate a $551k stack eventually and escape mcdonalds. If they invest more aggressively or hold longer, a $1M or $2M stack is not only not impossible, it's likely. Just hold.

smartest thing in this whole thread

>>24569865
>even half a million is making it
If you're a 3rd lowlife or enjoy wage cucking, sure.

>>24571921
Invest in gold and keep up with inflation.

>>24571952
This statement died 1971.

>>24571952
Shut up, Peter!

>>24569796
AMERIMUTTS, TODAY I WILL REMIND YOU:
If you make 1 million dollars you owe the state 400k in taxes that go straight to Laquisha's welfare.
CLAMPED, CIRCUMCISED, VACCINATED, TAXED

>>24571977
Not really. Invest in PMs now. Dollar will stop being the reserve currency in 15 to 20 years max. Maybe sooner. US is a dying power.

Gold is pretty good at beating inflation.

Don’t tell me that houses in the US are this cheap? A million dollars is the starting point for a nice house and lot here. Rich people live in 2-4 million dollar houses. Luxury apartments are at least a million too.

If you need $1 million to survive you have already lost the game and capitalist and materialism have overtaken you.

>>24569796
Wrong. With $500k you can make more than $250k yearly with little effort. If I had that much money I wouldn't be browsing biz looking for moon shots. I'd stick with my safe and steady strategy. Sadly $30k making $15k yearly will still require a job and due to it being such a small amount will require quite the mental fortitude.

>>24572028
>Gold is pretty good at beating inflation.

>>24572029
The USA is huge, retard. And like everywhere else in the world, there's places you can go to a shithole and get a $20,000 house, or go to the richest areas and pay $10,000,000+

>>24572028
Why are people like you on a board that mainly discusses crypto? Even iron outperforms gold regulary due to chinese demands.

>>24572082
You invest in crypto for gains dummy.

My $1 mil strat is this:
$100k in gold/silver
$50k liquid cash
$300k rental properties on 30 year mortgages
$150k in crypto investments
$300k in index funds making 5%
Rest for whatever.

>>24572123
Iron doesn't beat inflation. As a hedge against inflation, gold does well. I'm not a retard like Schiff, but I don't shot on PMs like most do.

>>24572132
And you live off your wage from your job in the meantime. Is that correct?

Lower your standard of living. You want to end up like a divorced boomer with a McMansion and sad life? Our ancestors lived in huts and yurts with absolutely no incidence of depression.

>>24571921
Real estate and maintaining holdings in crypto also work. There's plenty of ways to ensure ROI without being exposed to market fluctuations (bad years) and inflation. Personally I'm aiming for $4M crypto holdings before I cash out $2M for the income, and I'll be using most of the passive income from that to apocalypse proof my living situation: arable land, water source, generators, solar cells, bunkers, isolated from cities, laying my own fiber to the location, satellite internet backup, artillery/mortars/machinegun nests, livestock, the whole 9 yards. I don't trust fiat enough to sell all of my crypto, but at some point I'll need fiat to buy real goods and services unless fiat collapses entirely before I make it.

The point is, at some point you have to decide how paranoid is paranoid enough, and take a risk. Otherwise you'll just be holding crypto to the grave and there was never a point at all.

>>24569796
Eh, kind of. A million dollars is absolutely making it is you are modest. An autist can invest it conservatively, maybe keep $50k in riskier but fun investments, buy a house and a hundred acres in Montana or something, and live off of the small earnings without really working again.

Now if you want party yachts, paying for all your kids to go to Ivy League colleges, and regular vacations in Europe, without the risk of losing it all, than yeah, you probably want at least $20 million since even 1% interest gets you $200k per year.

>>24572153
Did you ever zoom out before the year 2000 on any gold chart? It's a reasonable stable store of value, but it doesnt beat inflation anymore.

>>24572209
Yes. I would reduce hours and not work OT. I would only stop waging at $2 mil.

Even then I would still do it because I actually like my job. Pretty easy work for $50k a year.

>>24572082
Growth =/= stability
Crypto is like stocks, its value is as far as you are concerned unstable and random, gold will hold value for the rest of your life, the dollar may not, your bitcoins may not, your tesla stocks may not, but gold will. You use the crypto to gain money and use the gold to store the value.

>>24572058
How do you make $250k per year off of $500k so safely?

>>24571365

At the peak of this cycle, probably. 100k is guaranteed and that alone would bring you past a million. You've got it made, don't blow your shot.

>>24572215
You're one of the best posters on this board rn, thanks fren. Keep talking, I like reading what you say.

>>24569865
op is right for once. Making it means you can live comfortably indefinitely off of returns without ever touching your initial. if your mortgage (yes, if you're a bizbro you should have a mortgage), food, taxes etc cost 60k per year, you need to be earning 6% on 1 million- except you need to reinvest enough to beat inflation, which we should conservatively call 3%. But you're not going to easily and safely earn 9%, so lets shoot for a less risky portfolio with a target return of 7%. Some stocks, some bonds, real estate investments, etc. that means we need over a million to get 60k per year. but we want the portfolio to keep growing, so we should be reinvesting additional to continue the growth. All told, if you need 60k per year to live, you'll need at least 2 mil.
>inb4 some 3rd worlder who doesn't have any kids and lives with his parents starts reeeeing about how his video games and energy drink expenditures only cost 100 a month

Most people don’t even make a million dollars in their lifetime. How on earth can you make a million from nothing and still be dissatisfied?

>>24569796
400k for a decent home in a safe clean area in nearly any state that isn't California, New Jersey, etc
400k in safe boomer funds/stocks for steady 3-5% dividends, pays property tax, utilities, car maintenance, food
200k in fiat/crypto to swing the market for larger but irregular gains, pays for a bit of materialism, modest travel, or compounding gains

Walla, you are now firmly in passive income territory and can spend most of your life in retirement.

Personally, I'm shooting for about 600k before leaving the city behind and semi-retiring.

>>24572058
absolute fucking retard alert

>>24571567
>>24571404

Quality. You've left out the Medicare investment tax though, which hits you for 3.8% on anything above 200k for a single filer. Definitely something to consider.

>>24569796
Bro ive been at 4chan since 2008, im now at 2.6 mn right now. Made money in chainlink & Ampleforth, then flipped to btc at 10k which now doubled since.
Seriously i dont even need that much money bc i dont wanna waste it on a million dollar plus mansion. Theres NOTHING i want to spent the money, yet i want more. Why? Its like this "wealth" has become a goal in itself. Weird. Anyway my goal in life now is to get to $10 mn, just because. Which should be feasible. I made the 2.8 mn out of 200k,with a bit of luck but still. Another x4 should be easy within reach

>>24571442

>500k
>savings account

say what son? That goes directly into SPY or BTC. Why the hell would you hold cash ever, lol

>>24572415
Buy guns and ammo, you'll need it. Also check a rainfall map, don't trust groundwater sources.

>>24572526
Shit, really? This is why I tell people socialism is fucking evil. Look at this worthless tax fucking up my beautiful calculations. That said, it's only a minor hit on the last $70k spread out over two tax years, so now it's just even more advisable to cash out on either side of new years eve to protect yourself from the taxfaggots.

>>24572563
Even worse is he's giving it to a bank to do evil shit with instead of just keeping the cash in a fireproof vault in his house in case he needs to bail and go off the grid. Everyone should keep a fair amount of small unmarked bills in their bugout bag in case they need to get the hell out of dodge. Fuck ATM withdrawal limits. Fuck the government freezing accounts. You have to be ready.

>>24572282
No, because we don't live in the late 20th century anymore. Half the world is no longer communist, China isn't a 3rd world shithole, and the US is not 80%+ white and christian.

>>24572314
Alright. Your set of circumstances seem very different than the ones of most others as most whither away in their wage slave hell.

>>24572323
>gold will hold value for the rest of your life
High risk wishful thinking, as everything in investing.
Gold will hold its physical properties most likely.
But the availability of trading partners and what they deem one ounce to be worth at a future point in time is mere guesswork.

>>24572784
>Gold will hold its physical properties most likely.
I wish I was as paranoid as you. I mean that sincerely.

>>24572719
It's great, I know

>>24569796
depends in where you live and what you have the million in

>>24569865
I will never move to shithole just to "get by" after 1mil, thats just stupid

>>24569796
Imagine being this brainwashed by consoomerism. You definitely need more than a million if you're an issue that wants mcmansions, sportscars, planes and other soi toys.

>>24572848
hi i just discovered a gold vein that's 100x the current gold supply but i don't tell anyone to not sppok the market

>>24572784
Gold has preserved value for 2000+ years of history. Unless we find a way to transmute elements, gold will stay valuable. It helps to price things in terms of grams of gold versus fiat. Just like some people price things in BTC or ETH.

1million isnt shit. But its the hardest. It gets much easier after that and after 5 million, its not hard at all.

>>24573278
BTC could go to zero or be made worthless via quantum attack. Or solar flares could knock out electronics.

Both are as likely as what you posted.

>>24570079
You’re a retard.

>>24573393
None of those are actually possible in practice even though they sound scary. Gold supply increasing dramatically sometime in the next century is guaranteed assuming continued technological growth, the supply may already be much higher than suppliers are letting known.

>>24569796
with 100k you can retire on Panama bonds that'd pay 700/month. I can't imagine why would you need more than 5x.
You still have 500k for a home.

>>24570109
Best post in the thread

Best place to invest ~300-500k in real estate?

>>24573878
Sell in cities. Buy in nice small towns with access to nature, cheap utilities, clean water close by and good internet.

>>24569796
Making your first million is the hardest million to make

>>24569796
a million dollars helps you build tremendous passive income, don't listen to the retard here that think only in terms of money left to burn before dying of old age

>>24571223
Buy ETH and you are set. Look at previous eth/btc ratios. If bitcoin goes close to $100k from here you have 10x if you put it in ethereum. Might take ~2 years but you will make it if you do.

>>24573878
helius REIT or I think it’s helius financial group in Texas

>they think theyve made it by pricing in fiat
How many buttcoins have you got. Thats all that matters. 0.28+ ? Congratulations youve made it.

hundredaire larpers itt

>>24569814
>35million
okay 15 year old

>>24572132
>$100k in gold/silver
retard

put this entire section into crypto instead, fucking boomers

>>24569796
A mil in 2020 dollars is making it. In 2026 dollars, not so sure.

>>24569865
This
as always, the fucking faggots making these stupid threads on biz have less than 50k themselves yet whine about how 1 million is not enough. At the same time in another thread they brag about spending only 20k on living expenses, but then somehow the >30k that you easily can generate from a million, is not enough.

Not to mention, even aiming for complete retirement is fucking retarded if you are young. If you just stop working or learning completely you will turn into an absolute braindead, depressed, loser.

>>24569865
Hahaha...yeah dad...

>>24569796

$1m today is like $100k 20 years ago when you factor in inflation and cost of living.

>>24574915
>If you just stop working or learning completely you will turn into an absolute braindead, depressed, loser.
at least personally, i'm not trying to retire early to do nothing, i'd just rather pursue arts and side projects, but for now i'm a very talented engineer so it would be foolish to not take advantage of that

>>24574997
this is why you make sure your money is growing at at least the inflation rate dummy. Just subtract 3% y/y for inflation and you should be ok. i.e. your portfolio earns 6% but consider it to be 3% because of inflation. the 3% should be reinvested always

>>24569796
A million dollars 100 years ago is equal to $13 million today. So anything less than that is pleb tier.

>>24569796
anon i live on about $16k a YEAR.
if i had $1MM i'd never have to work again.

>>24571903
>Imagine settling for the bare minimum in life.
Ngmi