/biz/ - Business & Finance

>>25442181
>how you can have ANY money left over after you pay rent + utilities + phone bill + car insurance (plus a car payment) + student loans + food + random items.
By not having to spend money on those items or minimal at best.

Larps and losers living at home for the most part. Some are artists that did get great jobs out of college and their autism caused them to be hyper sensitive to their finances. They’re based everyone else is a faggot that has never touched a vagina or had friends.

I'm 38, have a net worth of about $630k.

47k @ 25 is pretty good. Don't psych yourself up over what other have.

>>25442279
woah, it's like.. you know me at a spiritual level, bro

>>25442181

Work at FAANG remotely in LCOL area bank 15k a month after taxes and expenses

>>25442181
33 here only 2k in the bank and 401k worth 30k rip

Stay with your parents till you are 32 at least. invest 50% or more in a growth fund like (25%) ARK and (25%) BTC. Rest you save as some emergency cash. Hopefully you can save at least $1000 each month.

I was fresh off the boat 4 years ago. Spent 2 years without a car and trust me - you do not need a car. Just uber for groceries every week. At some cost of your time find out options for carpool or public transport options for your work. Trust me you will save upwards of $500 each month. I have a car now but I spend upwards of 3 times I used to spend on transport. Car payment + car insurance + gas + maintainance + fix anything that goes wrong. - Adds up homie. Cars are the biggest scam.

>>25442181
im 26, spent ~75k on rent, i have like 10 grand. had a punk paycheck to paycheck phase that lasted until this year. was fun. now i just want land and money to play golf/ski every day, should be pretty easy

no offense but if you can't figure out how to live away from home at 25 with 55k a year you're unironically incapable of free thought or something

>>25442181
Larp thread

>>25442411
uber for groceries? you just go in other people's cars with bags of food and shit?

I'm 32 years old
I made $190k in 2020 from working 50 hrs/week through 2 jobs
I drive a cheap used Mustang and rent a cheap apartment
$31k cash
$102k in stocks
$180k in retirement accounts
$350k in crypto

My net worth is a little over $660k.

>live with parents
>health insurance through job
>parents still pay my phone bill
If you're living by yourself in a big city, it's going to be very difficult to save, you have to eliminate your expenses. That will likely involve house hacking

>>25442181
34yo 24k cash. 62k crypto. 4k silver. 70k guns and ammo. Home and acreage paid off in the woods in shitty area where theres employment

>>25442181
Get paid more, and pay off your loans, and be a frugal motherfucker, and then save in pre-tax retirement accounts. Here is my monthly budget in a high cost of living city:

Gross income: 7000
pretax savings: 2700
income tax: 1000
Housing: 1900
Groceries: 400
Car: 200
anything else: 800

How tf do Americans get paid so much

>>25442421
I know HOW to live away from home perfectly fine, my question is how people save anything. Saving a grand a month seems difficult and that’s basically nothing when you really think about it.

>>25442489
>>25442697
How much are you guys saving monthly? What are your expenses?

>>25442824
dashboard-light, find $2000 car
spend 1k or less on an apartment, if you can split a 2-3 bedroom with friends
buy an instant pot

wallah!

>>25442181
im 20 with 100k in crypto
>live with parents
>get youth allowance
>worked a few jobs
>spend nothing

>>25442824
60%. My only bills are car insurance,cell, utilities. But i also collect weird things and have a drinking problem

>>25442181
i've got roughly a years wage
starting saving about 5 years ago

>>25442824
Regular living expenses:
$1000 for rent
$400 for groceries and eating out
$250 for gas and auto insurance
$200 for utilities
$100 gym
$200 for shopping and random shit

Investing monthly:
$1625 to my 401k/403b
$1000 for bitcoin divided every 2 weeks
$1000 for ethereum split every 1 week
$2000 on ETFs split every 1 week

And then I buy individual stocks (for $1k to $5k) occasionally if I read about a good opportunity.

18 21k from inheritance I just put 3500 into eth and 1000 into ltc

>>25442181
you are missing 90% of evrybody shamelesly larping on this board

>>25442181
Unironically
>28 years old
>$2,000 in checking Account
>$4,000 in Savings Account
>$2,000 in crypto (%80 BTC %20 ETH)
>$5,000 in 401k
I know I'm a poor fag, but I literally started working in 2018, I've been a neat until the government stopped giving me free money to go to college.

>>25443074
>7,775 per month
Anon what do you do for a living? I'm an engineer and I barely make 60k per year.

>>25443133
This is one of the few major outlets on the Internet for people to discuss crypto. The others are reddit and twitter. Of course there are some faggots larping about being millionaires, but there are bound to be relatively successful people browsing here as well.

I joined the military and picked a “smart” job. I’m in my mid twenties now with $175K in the bank/investments, 2 vehicles with zero debt, and a $120K job offer with only an associates degree to my name, which I got for free without even taking classes. I work a cushy office job and still get thanked for my “service” as I reap the same rewards of those serving in combat overseas. Best decision I ever made.

>>25443236
I work retail pharmacy as my main job and pick up shifts at a hospital for extra money/experience.

>>25442181
i'm almost 29 and moved back in with my mom last year. moved out from 25-28 which was honestly a huge waste of money. i hate living at home but I would have had $36k+ more to invest if i had just stayed at home which would have easily 10x if i had just been putting it into crypto. I'm worth around $175k. That's roughly 75% crypto, 17% retirement accounts and 8% cash. retirement accounts are passively taken out of my paycheck so i don't notice, crypto i accumulated by working a side job during 2018-2019 and putting in around $1k/month. I make $50k/year at my day job for reference.

>>25442209
This. Live with your parents.

>>25442697
>70k guns and ammo
Based

>>25443657
Yea with these prices now, probably worth double or triple that

>>25442181
I'm 23.75 yo. $7k saved, $30.5k invested (~$22k post tax retirement). $41k salary. Paid off $15k of student loans.
I love at home and minimize all expenses possible. Have to take advantage of this while I can. A bit of sacrifice inn some areas of life but i know this will pay off in long run.
>>25443276
If not a larp, congrats. I'm heavily considering joining AF as an officer when I'm 26 (when gov kicks u off parents insurance). I had 3.45/4 gpa for finance and financial planning degree. Any tips? I think this would improve my life drastically.

>>25443133
Perhaps not outright lies, but plenty of poorfags would see no reason to share or dwell on their poorfagness. That selection bias alone would distort the picture.

>>25443241
That too. Although are you really "successful" just because you reached seven figures off a couple good investments this year? I mean I don't even know what to do with this shit. Need to figure out that retirement thing.

>>25442806
Land of the free bb

>>25442806
stay poor europoor pajeet.

>>25443948
I will always recommend military as an “easy way out” of a shitty situation, provided that you do your research beforehand and not sign up for something stupid like Army infantry or Air Force Security Forces. Your school is paid for, you will likely gain some sort of security clearance, multiple skill sets, travel, friends, etc. I’m leaving to become a civilian again as IMO promoting in the enlisted ranks is not worth it if you can make 6 figures doing the same shit as a civilian, but without the headache of supervising the junior enlisted and dealing with other military BS. As an officer, you will make way more $$$ but the trade off is you will be held to a higher standard, and will always be expected to lead and “set the example.” Also officers can screw up their careers much easier, whereas enlisted can get away with quite a bit. Ask away

>>25442181
Nothing. The vast majority of people are just not saving much money if any

>>25444469
Appreciate the response and your offer. Unfortunately it's about my bedtime, so as much as I'd like to take ya up on that I will have to pass.
I think I'm in a pretty good situation right now being as I live at home rent free and WFH for a fairly comfy job, but I think doing 4 years can set me apart going forward. My grandad did AF and my dad did navy. Only difference is I imagine it was their best and only option at their respective time (grandad died when dad was 9 so idk, but dad joined at 17). I think going in from a bit more advantageous position and a bit older could help and just overall improve my life. I estimate of I join at 26 I'll already have $100k+ meet worth, then 4 years of free living\getting paid in military I'll be coming out around 30 yo with potentially $300k net worth and a higher earning potential. Next few years will help determine, but sitting in my room at home for 23 hours a day will get old eventually. Best of luck on your journey and happy New year.

>>25444744
Same to you and good luck with your decision!

the people not actually larping are lucky enough to live at home and not have to pay for themselves. furthermore, they might have made some gambles that paid off.

the way to get ahead if you're young is to get a job that offers a 401k and to max out your contributions. even if the market did nothing for 10 years, you'd end up saving about $200k. i think not understanding pre-tax benefits is one of the biggest ways to miss out on a lot of wealth in your 20s.

also, the reality is that we are in literally the longest running bull market in history. it's made a lot of people money with little effort.

Join the military and do 20
Problems solved

>>25442181
Motorcycle
Electronics
About 2k liquid
About 7k net worth I'm 25 :)

>>25442181
My Grandma died when I was 9 and I'm worth 20 million dollars from investing it in Bitcoin. My goal is 1 billion dollars by 30 or I'm going to kill myself. I can't imagine being that poor. What a loser.

>>25442181
>Be me
>As I turn 18 be worth no more than $1000 dollars
>Be me
>Still gonna be 18 until April
>Currently worth roughly $15k

Steps:
>live with parents
>work full or part time
>invest all money into BTC,ETH,HEX
>Simple as

>>25442181
I'm 21 and I unironcially was worth 500k at the top of the defi bubble earlier this year because I angel invested in a project, but then it crashed and I can barely get 10 eth for it all now. In total I'm worth about 30k.

Yes, I do think about suicide everyday

23
1.37million in crypto
50k gold/silver
50k stocks

started with 5k in 2017 on ethereum.
Inb4 larp, some of us are telling the truth and dont have anywhere else to brag about it.

currently unemployed and just lift and train martial arts. Have no skills or degree.

>>25442181
29, 45k
Not sure what to do with it lmao
Have about 40k in crypto, options account and stocks

>>25445806
45k cash saved to be clear
Do I buy RE?

>19
>Only 500k net worth
Don't take these people seriously you clowns It's a combination of lies, humble bragging reddit fags, kids with wealthy parents but no motivation, and selection bias.

>>25442489
>31k cash
>102k in stocks
>180k in retirement accounts
I have bad news for you, goy

>>25442181
I got $28k saved

>>25446121
wait $42k, 28 in assets 14 in cash

22yo 25k in crypto and 1k in checking

>>25445174
Pre tax makes sense if they're matching you or you expect everything to remain pretty much the same in 40 years when you can get the money. I don't know if I think the tax burden on normal people isn't going to increase

20yo 10k in crypto rn

>>25442806
We generate far more wealth than you, yuropoor

>The UK is poorer than every single US state, including Mississippi

>>25442411
Hell you can just order groceries from your phone now

Turning 30 in a few months. No inheritance. Feel free to ask me whatever but don’t get mad when you get the obvious answers

>yes, I’m a Bay Area software engineer
>yes, I’m working remote right now saving even more than usual

>22
>Fresh out of college scamming my way into a 150k job while living at home in LCOL
>60k already in crypto
>80k net worth
>not even mad if i lose it all because no expenses and will be fine on salary

feelin pretty comfy desu

Step one: Move out of California

>>25446351
Your net worth should be at least 10kk+ in SA area not to be called poor. Work harder.

>>25442181
>19/f
>65k
about 80% of it is from selling softcore content of myself, rest is from LINK

>>25442181
>mid 20s
>670k nw
>made 150k in the past two months thanks to crypto

fuck off whore nobody asked

>>25446351
how much do you get after tax and rent?
what's the endgame for you like?

>>25445753
>1.37million in crypto
if this is all eth still you're gmi in like a few weeks imo

>>25442181
It helps to have well off parents. They pretty much paid for everything till I was 35. I had my own credit cards, but Mom just paid off whatever monthly balance was open. I really got used to just buying what I want, doing nothing, browsing 4chan, and drinking at bars after.
Then I turned 40, inherited, and am now putting 20% of what I have in cash, in BTC.
Money comes easily to me. It is a curse really.

>>25442181
Enough to find it interesting to have a look at the future of finance in protocols such as BOND

>>25442181
i'm 34 0 net worth live with my parents
I LARP that I have a stack of LINK for the lulz though

I live with my parents put $60k principal in crypto and have 100k in savings... might buy a house but houses are 700k for a decent one here so still out of reach in my area

>>25445692
Nice. You would have lost it anyway.

>>25446605
>I had my own credit cards, but Mom just paid off whatever monthly balance was open

Wtf why would any parent do this for their adult son? Outright guaranteeing a failure of a person with no drive or sense of responsibility.

Your mom is a retard

>>25445753
Send me 1 ounce of gold

>>25442411
I have a 2016 civic that i bought with certified used and i only spend $400 a month max on it including maintenance insurance gas loan payment etc.

>>25446738
She was wonderful. And very successful with her business running a medical lab. Far from stupid. She wanted me to be able to enjoy life while I was young. Instead of worrying.
The drive comes by itself. I noticed that in the last 2 years. I WANT to make money now. It is fun.

>>25442411
>Stay with your parents till you are 32 at least
wtf im 26 and i just moved out of my shit hometown from my moms place in the middle of a pandemic after i graduated, should i just go back when my lease it up? it's across the country and would be expensive i work in tech, could possibly get a remote job there. or should i stay in a tech thriving city and get a better job? i pay 2.6k in rent a month like a dumbass.

Im 33 yo and 30k in debt but when my parent die ill have 4 houses and a lot of money

32
net worth: 430k

>>25446834
i'm 32 and just now moving out of my mom's place. did a 4 year stint in my 20s of living in the city to fuck roasties and be a normie, so my net worth is only 200k (mostly in LINK). such is life.

>>25446863
You will be 60 by the time they die and the state will use their houses to pay for their rest home care.

I'm 30 years old from sweden and my net worth is 3.5m.
2m are in stocks, and 300+k in crypto. the rest are in my savings account

>>25446351
I'm sorry, but 1 million is middle class in California.

You're no richer than a SW engineer making 60K in Idaho owning 4 acres of land and peace of mind.

>>25446981
How do I transfer my wealth from crypto to stocks without getting taxed to death in sweden

34
Net worth: $1MM.
Living in a low cost of living area.
Mostly holding bonds
Hedged stock portfolio (it doesn't grow as fast as the S&P but it won't crash either)

>>25446514

I moved back to the east coast to be closer to my family during corona times.

Living with my mom currently. No rent. No food costs. Never go out to eat cause all restaurants closed.

I can save over $10k month quite easily.

>>25447003
Poorfag cope
She can move to any shithole in Idaho and live off the gains today. High salary always wins out even if expenses increase more than proportionately

>>25447053
You dont

I earn $150k a year and my net worth is currently negative -$30k.

Feels bad man.

>>25447281
How much do you save monthly after expenses?

>>25447438
Around $10k. Recently started working after a long period of depression in 2020 so hopefully I can climb out of this rut soon.

I have 200 bucks

>>25442181
Mid 30's IT manager who mined bitcoin back in the day for keks and giggles.
Found my old hardware wallet a couple years ago and realized I was worth a fuck ton of money.
Now I convert chunks at a time to ethereum superfund altcoin projects I think are worth a shit.
Still have my normal 9-5, but I don't really need it.

>>25446471
>>25446503

>>25445828
Buy xrp

>>25446370
Badass, what job did you land?

>>25446413
Kek wills it

>>25442411
Cope. A car is cheaper than weekly uber.

I paid $2000 cash for mine. Insurance is $60 a month. I might use $20 worth of fuel. You picked a shit car. You financed. You did everything wrong. You're to blame here.

>>25448149
SWE at a FAANG

>>25448210
>bragging about 2000 dollar car.

seething poorfag

>>25446863
How do you fuck up this bad when your parents are so well off? Born with a golden spoon but still can't make it?

>>25442306
Cool larp

>>25445692
which coin was it?

32
Saved 17.3 btc
2.70 usd

Yearly

Expenses: food 1200
Clothes: 10
Phone: 0

Net income: 56k

>these salaries
I have to escape Europe

>>25448311
I make more than you do a year and am in better financial shape. Even if I made $200k a year, I would still drive my $2000 car. Its reliable and lasts forever. There isn't any good reason to get a new vehicle.

25, eastern europoor
16k saved
will wait for crypto to crash and get in again

>>25442181
>believing claims on 4chan
Ok I can gurantee you that almost every post you've seen with someone claiming they were earning 6 figures at 20 is bullshit on par with "lmao I have 10 inch dick and bench 375 come at me faggot". You're not talking to a .01% anomaly, you're talking to a guy wearing a half button down hunched over a keyboard.

>>25448502
Imagine getting rear ended by an 18 wheeler and plunged into your death because you were cheap on saving gas and didn't buy a SUV

>>25448729
>rear ended by an 18 wheeler
You're dead regardless.

>>25442181
None of the people posting on here had a job anon. They are larping niggs mostly weebs and glowies commies and asianscum

>>25445881
Pretty much. 19 and that net worth is definitely a healthy dose of wealthy parents. Also remember alot of wealthy people are super fucking weird. Drugs, plastic surgery degenerate shit. Sometimes making money comes from a disregard towards people. Rich people aren't always happy.

>>25442489
kill yourself larp nigger

>>25442181
im 16 and i have 20k saved up from my summer jobs

>>25448755
Not in a 9000pound ram 4500, but you'd rather drive whatever shitbox and risk your life everyday than spend 30k on a vehicle that you're guaranteed will save you life in most incidents

>>25446370
god go larp in ur moms ass

>>25442279
Best post , i'd say actually over 90% are LARPING with their portfolios around here and are neets/incels who live at home. The rest are pajeet shills trying to make you buy the "next shit" coin and maybe 5% actually have something going on in terms of BTC and ETH.

>>25448884
cope.

>>25448888
wasted quads

i'm on the same path as that guy, feels great man

>>25442181
>25 yo
>25K in assets - in the bank, stocks, crypto
>30K in debt - student loans, car

Fuck college. What a scam. I wish I could go back.

>>25449034
https://youtu.be/0qN-7fy1cg4

I took a loan from my dad and got lucky (10x it). Moved back home and became a turbo NEET but im making enough money from my computer to keep my parents off my back. Only bill I have is car note for 2 more years.

i am 33 and i have 2k Waves

>>25442279
>>25448985
NEET incel here with over 100k in crypto, maybe you shouldn't have been retarded and accumulated two years ago instead of at the last fucking second. It's blatantly obvious how many of you are newfags

>>25448888
https://www.levels.fyi/
Starting salaries for any SWE new grad working at a FAANG or similar company. You are not gonna find much below 150k. ngmi with that attitude

>>25449051
hell yea man, it sure does

>>25448352
cope, he isn't lying lol

>>25445692
it happens anon
PLTR took me to 7 digit club but i retardedly held my positions too long and almost dropped out of the 6 digit club

23, I have $4,000 and a ford fiesta
I am set to graduate from a t14 law school when I am 26, tuition is mostly covered from scholarships. If I get a big law job I'll be making 180k a year starting with standardized raises. I'm planning on doing this until my early thirties saving/investing nearly every penny I make and then quit for a remote consulting work for half the salary as I slowly semi retire and travel

Jealous of everyone, worked at western union for 750 euros a month, moved to .net programming, after 2 months of unpaid internship now get 650 euros per month. What's the point, I rather move to cyprus or canaries and make double as much working as a waiter.

>> 20, sophomore in college
>> worth -$5000 in April
>> Take out student loans and do finance internship
>> gamble it all on the stock market and crypto on leverage

Currently have $8k in Roth IRA, $71k in crypto. I want to be a millionaire by 2023.

>>25449489
everyone but me gotta learn ur cringe.

Reading this thread as a European makes me sick to my stomach. Or the dollar is facing hyper inflation or Europe is just a shit place or I'm poor. How can you guys save so much money? In a good year I can do like 15k and you are 30 with 100k+. That would take me 7 years of living frugally at least. And I can't move out because then you are basically set back another 10 years.

NL here, 26yo. Working as software engineer. Living with parents making around 2.5k net, 30k in savings, ~25k non-liquid assets not generating income and about 150k in btc which I'm not going to touch until it can buy a house (200k ish).

>>25449617
I don't really see the btc as net worth because it doesn't feel real and is kind of a "freak incident". But I do plan on cashing out at 200K.

>>25448278
How hard is it to get a job there? Like I have a degree and can program fairly well, been doing so since an early age. But I heard for FAANG the interviews are horrible?

>>25449617
American salaries are much bigger and taxes are much lower.

>>25449742
Yea, interviews are kinda fucked and most experience you have with actual dev work won't translate to getting a job there.

Only way to get in is to game the system and spend most of your time solving dumb algorithm problems they are going to ask you. If you get lucky you might get exact questions you've solved before during your actual interview loop. Most of the time the questions they ask will be similar to one you solved before, so mostly just depends on how much time you put in to study

>>25449156
Sorry kid but I was too busy having sex , buying expensive cars/phones and traveling the world basically I got to live a great life you will never ever experience no matter how big your fake crypto stash is :)

>>25449617
>>25449921
That's a blatant lie also , the day to day american has an emergency fund of 0$ , the statistics said this ages ago. Most americans live paycheck to paycheck and have a few hundred bucks if lucky in their bank accounts. People posting on this board are lying 99% of the time lol , don't believe anything without a timestamp.
>>25449267
nice larp x2

>>25450055
It’s not a lie.

I work as a code monkey in London and I make $110k a year.

Americans in a similarly expensive city (New York, San Francisco) make 2 times as much as I do for the same job.

>>25450124
The paychecks are big but so are the expenses and TAXES that's what most of the people don't understand , tell me how much would a 1 story or 2 story house with 800 mp2 of land would cost you where you live and tell me if it's achievable.

I'm pretty sure it's over 1.5 mil, add to that 1-2 kids and hot wife you have to maintain and 2 GOOD cars + expenses maybe a few trips a year in some great locations and keep adding to that day to day emergency stuff and see where that nets you.

>>25449617
Nederlandse belasting is kanker.
Je net worth is prima voor 26.
Ik had 160k euro op mn 31e en nu een jaar later 520k lol. Cryptogains.

>>25450207
Europe has it even worse if you can believe it.

Capital cities in Euro countries also have insanely priced houses and apartments but the salaries are even lower than in the USA

In Amsterdam a nice apartment can cost 1.5 million euros but the average salary is like 40-50k a year and the taxes are higher than in the US

In the USA you have cities like idk Austin where you can still get a house for like 700k but it’s easy to find jobs that pay 2x as much as in London or Amsterdam.

I rent a 500sqft shithole here in London that would cost 550k to buy.

A small 3 bedroom house would be 1.5m

It’s impossible to buy, houses here are only bought by boomers who already have house equity.

>>25442806
Cost of living is insane here, at least in the big cities with good jobs

Japanese RE is actually affordable since their population is declining

>>25446811
She was a cunt who got her homes filled at truck stops to feel something after raising a failure of a son