/biz/ - Business & Finance

>>2574566
Read about this the other day, yeah having $1 mil to your name is cool and all but that is NOTHING in 2017.

All those salty nocoiners, holy shit normies make me sick. The resolve this kid must have had to hold onto that Bitcoin through its tumultuous ups and downs is insane.

"Muh lucky bet", kid believed in the technology and when even post-crash he still accepted bitcoin rather than cash because he believed in it. Good for him, I'm glad he was successful.

>>2574643
Hello quck

>>2574643
Look at the comments. I've never seen such a large group of jealous assmad in one place.

>get 80k in student loan debt
>no job or very low paying
>go to reddit
>see some kid who has more money than you will ever have
>REEEEEEE COGNITIVE BIAS LUCK REEEEEEEEE

>>2574566
I mean he also started that education company in school after his shit teachers made fun of him and were generally incompetent. Sold that and some other stuff, chose btc over a cash buyout, etc.

Obviously he got a little lucky but to say he did nothing to deserve it is foolish. From that post he did a lot of work and took some serious chances to get where he is. Good for him.

REAL LIFE TONY STARK BITCHES

>>2574566
This kid's an idiot, I doubt he even knows how bitcoin works. He legitimately just got lucky that his brother showed him this apparently.

There is no situation in which foregoing a high school and college education is a good idea unless you're legitimately a self taught savant who already knows everything. And even in that case, you're missing out on chances to practice important social skills. This kid is acting as if he's accomplished something by convincing his parents to "let" him not go to college, claiming he "won" his bet. He didn't win, this is a stupid decision

And a million dollars is nothing if you don't know how to manage it safely (not putting it towards moon missions) and have an entire adult life left to live still.

>>2574566
wow reddit is shit the only thing in that thread is smug passive aggressiveness and salt

>>2575588
18 years is young. Yes he's dumb in many ways, but pretending he's not smarter than 99% of people for seeing potential in bitcoin is a fucking joke. Most kids are thousands in debt by the time they're 20. This kid is a million in the positive at 18. Success makes these people furious because they know they will never achieve it, clinging to the college meme when all else fails.

>>2575914
>Saw potential in bitcoin even though at age 12 he didn't understand its true potential because he didn't know anything about programming let alone distributed systems and hash functions
>This indicates that he's smarter than 99% of people even though he's a high school dropout with atrocious grammar

Holy shit those comments. Is Reddit entirely astroturfed now?

wow damn
There are lots of people who got lucky with bitcoin (people who bought and forgot or mined and forgot about it when they stopped caring) but he kinda isn't one of them.

Even if we assume that a 12 year old taking 1000 dollars and investing it in something like bitcoin is even remotely normal, he still went another 6 years trading it without taking profits not even when it hit 1000. Or maybe he did and bought back in I guess.

>>2575944
>having to have deep knowledge and understanding of programming languages to see the potential in Microsoft OS

This reddit thread is the most salt I have ever seen though. Holy shit, it's pretty amazing, you can feel the jealousy emanating through your screen

>>2575975
He was 12 years old still learning basic percents and prime factorization in school. This could have been a scam in his eyes, at his age he didn't have enough information to rationally assert that bitcoin was going to succeed, he just got lucky and was persistent.

This kid succeeded, but you're not hearing about all the other stupid kids who wasted thousands of dollars on pies in the sky.

Thanks kid is a fucking idiot. And you social rejects can shit on Reddit when you stop supporting Donald Assface.

Smart people exist elsewhere on the internet. Deal with it.

>>2575993
this is how you spot a lefty. they think events are just random, and if you see a revolutionary technology that people will obviously want to use without it being wrapped up in marketing and you get rich by investing it, that to a left is just 'luck'. You just got lucky. There's no free will, in the lefts world or any reason to look at big picture and multiperspective analysis. They just look at their headlines and misinterpret data to fit their world view. They can't read people let alone make eye contact, so they think it is always a mystery what other people think, and that they can somehow keep secrets from others who can read body language and response times and etc. They think intuition is just something you randomly feel in your gut that never has any bearing in reality and is more often wrong than not because some headline of some science report they read. THey're basically disconnected, deteritorialized from the world .That's why they suck.

>>2574566
this only annoys me only because theres 1000s like him who didnt get a fucking cnbc article written about them.

now hes doing AmA's like hes some special genius?

>>2576124
stfu kid you would need a phd in math to see potential in bitcoin

>>2574566
Lol at all those comments telling him to cash out.

Just the thought of him having sold already makes me want to blow my god damn brains all over the ceiling.

>>2576124
>it's a person unloads their entire hatred for human beings into a single party designation episode

>>2575253
Oh god, the ego on this kid.

>>2576137
didn't u see his twitter he's a real life tony stark

give the kid some respect duuude

>>2576124
Yes, literal 12 year olds have gut intuition on complex software and the global economy that can be trusted and isn't purely luck

This kid only started programming recently, he didn't know shit when he invested so he got lucky. Investing and ending up right doesn't mean shit. For every winner there is a loser.

>>2576223
But he's right you know.

Have you ever thought about why it is, that most of the successful people are right wingers?

Lefties are only lefties till they make it, some stay lefties in their rhetoric after the fact, but their actions reflect otherwise; tax evasion, capital hoarding etc.

Being a lefty is a coping mechanism to deal with the fact that you wont ammount to anything out of the ordinary in life.

That is why lefties are so obsessed with equality of outcome, not equality of opportunity.
If someone is being more succesful, it MUST be because of some injustice, it can never be because of hard work, dedication, skills etc.

Lefties will always try to drag others down with them to their level, misery seeks company.

>>2576685
I'm a lefty and I definitely have more money than you you stupid cuck

Ever noticed how the two richest people in the world (who didn't make their money through political corruption like Putin) are lefties who want way higher taxes on the rich?

>>2576711
kek, if you cannot distinguish PR bullshits from actual policies then you're seriously retarded. you really think that all those billionaires who always talk about muh equality really give a shit about it? it's just a good way to get nice press and lure the public, you fucking demented moron. you can be sure that be behind closed doors they're lobbying against regulations and high taxes

This kid is a fucking retard, literally all of his money came from btc, i expect to see him in mcdonalds in 10 years after he wastes all his money "traveling and enjoying life"
desu if i was rich as fuck i would spend my life in college

>>2577055
>if i was rich as fuck i would spend my life in college

>>2577072
not for profit, just because i really enjoy learning, especially scientifc subjects. obviously i can also learn a lot online, so i wouldn't need to do it, which is why i would only do it if i was rich as fuck and not in a situation where i needed the money

>kid gloating like he is a god for investing in bitcoin
>everyone is mad as fuck
>people telling him to cash out
Lmao. But he actually is retarded thinking he can be like Elon Musk.

>>2574566
look, redditors are buttmad and I hate redditors but they're kind of right and I am jealous too. He's a bit silly and undeserving of the wealth.

>>2577228
>"Have you actually done the math?
$1MM USD is nowhere near enough to retire at your age. Living off of the interest will be sketchy at best -especially when all of your eggs are in Bitcoin.
You can't even really use the money to make more money because you have no other source of income to live off of while your investments appreciate...
A college grad is going to out-earn you considerably.
You have survivorship bias and it's going to kick your ass."

>>2577282
Honestly the kid seems like a little prick but that comment is just a salty bullshit cope.

It would take a college grad on 100k a year a decade to outearn him if they saved 100% of their income and paid zero tax.

>>2574566
buttmad redditors make me want to vomit

Well done kid! Now besides bitcoin, quite impressive the drive he's had. Having the idea, building a business, following through. Anybody who does that an succeeds has my respect. Coz it's hard as fuck. From one entrepreneur to another! All that with 18. To the discussion whether lefty or right, business doesn't give a fuck about that. Smart choices are what brings you forward.

>>2575253
okay now I'm starting to side with the buttmad redditors
.REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>2577282
>what is a 4+% dividend stock with a million in it
>what is 40k a year passive income with no time spent working at all/petrol for commute

he essentially has about 3x as much living time as a wagie
>he has 3 wagies lives

>>2577328
>B..bbut muh education and social skills

>>2577346
> But what am I supposed to tell people when they ask me what I DO?!

https://www.ceddit.com/r/finman/

someone should comment to make him pump our low marketcap shitcoins
>>2575253
also this is pretentious, respect lost

He's a mong but those comments from nocoiners are mad as fuck

promise me /biz/, if we all get rich off crypto we need to all individually do AMAs and watch the faggots at reddit seeth with anger and tell us our success was just luck.

Let's everybody just be honest and say both the redditors and this guy annoy you.

Although I'm not really annoyed at all because it's none of my business.

>>2577366

>>2577397
screw retirement, i wanna get rich to have my own normie salt generator.

>>2577420
Just admit it faggot, you are annoyed. You have 3 posts in this thread. Him being full of shit and hubris was funny because it made the redditors mad, but as I went through the comments I started fucking hating this guy.

>>2576673
You've never talked to a 12 year old. SOme of them are pretty smart desu.

>>2577397
im 5m+ in crypto, i aint making an ama like this cringey little faggot

>>2577452
Please, don't post that pic. It hurts.

>>2576711
im just curious, who do you believe are the two richest people in the world?

>>2575588
wow, I legit can't tell if you're serious or not.

You ARE litterally stating the leftist meme "noone is successful unless a great injustice have occured, he just got lucky etc."

Stay salty, deluted and unsuccessful, cuck

>>2577512
pagans BTFO just like no coiners

>>2575588
I saw this comment on reddit

I have to side with plebbit here

I mean how can you not hate this faggot

https://youtu.be/UU4lBqtfC60

>kid has a million dollars
>Redditors tell him to go to college for muh social skills
I get that the kid is an arrogant little cunt but I can know how much even a little bit of success can get to you at that age but holy shit Reddit is fucking retarded.

>>2577686
260k debt just to learn how to not look at the ground when talking

>>2577686
College doesn't even teach you social skills

>>2577757
it does have some fine babes though

2577777

he will lose it all on the lotto

>>2577772
You mean sluts that you aren't allowed to touch ever unless you're Chad

>>2577785
fuck this uninstalling 4chan

>>2577797
You have to stay if I get dubs

Not like you can leave anyway

He just got lucky gambling at 12 years old.

Some people, today, will hit the jackpot at the casino and make $1 million, same thing really.

>>2577840
>investing is the same thing as gambling

Love this meme

>>2577546
>>2577526
listen, I have no problem with smart fuckin' people making their way in this world, understand that? Ethically or otherwise, as long as by merit, you understand?

This kid is a fucking retard. He knows shit about bitcoin, not upcoming issues with the fork, etc. His business netted him a loss and he made retarded deals. Well deserved roasts in that thread. Go ahead and let him represent your ideology.

t, other anon

>>2577843
For that kid at age 12 it is, especially on cryptocurrency.

>>2577829
>Not like you can leave anyway
i am oldfag

>>2577860

It's gambling at any age.

>>2577480
This. I'm a college dropout who's heavy into crypto so naturally I should support a kid like this but damn, he really is a bit of a faggot who thinks he has the entire universe figured out. Unless you're extremely frugal and disciplined, a million (before taxes) isn't jack shit in the grand scheme of things. How many athletes/actors/musicians/lottery winners have blown through 100+ mil in under a decade because they thought they were going to be hot shit forever? Quite a few.

>>2577845
>His business netted him a loss and he made retarded deals.

This was the big sticking point for me. It's really no different that saying "I bought a lotto ticket, hit the winning numbers, started a business and sold it for peanuts, but I still have $1 million in the bank. Aren't I great?"

I can damn near guarantee that if I gave one hundred 17 year old kids $100,000 to start a business (or whatever this guy had in BTC), they would do as well or better than this kid.

It's awesome that the kid is a millionaire by 18 - if he invests that wisely and lives a humble/modest life, he may not have to work (much) for the remainder of his years. But praising him as the next Bill Gates for basically pulling the right slot machine at the right time is asinine.

>>2576137
1000s of others?
Who invested in it at 12? Where?

>>2578526
>praising him as the next Bill Gates
At least no one is doing that. He got the roast of his life in that thread.

I hate the kid for being an egotistical little douchebag but those reddit comments are absolute cancer. The epitamy of butthurt nocoiners.

Also to the people who are saying hes some kind of loser because he didnt go to college, its the most laughable shit. College isnt even worth going to anymore in 2017 unless you study something highly useful and pay nothing out of pocket for it. These cancerous redditors all sound like English majors working to pay off 100k in student loans while working part time at Subway. Fuck mortgaging your future for getting indoctrinated into lunatic leftist ideology and being granted a worthless degree. Good on the kid for that one. He got lucky for not falling for the college meme like the rest of his peers. Some people need college but 80% of people have no business stepping foot on a college campus. Nobody talks about how college can ruin lives.

>>2574643
This guy got it.

Highschool drop out with 1 millions. What will he do in 10 years? Buying kneepads

>>2578359
>>2577480

Listen ma dudes, if you look at my previous posts its obvious I find both the redditors and the kid very obnoxious. But ultimately you can only do you.

So forget it. We all feel the same way about him, so we can share that opinion if you feel better about it. Still, focus on yourself

>>2578607
How fucking retarded are you? You're not gonna make a million with your wageslave job anyways and how much did you have at 18? If he's not a total bitch boy, he'll invest it wisely and be just fine without being a pathetic wagecuck.

>>2577397
Yes please

>>2574566
Its good and all he made his money but I got a bad feeling for him cause Uncle Sams cuck ass is gonna be knocking on the door for back taxes pretty soon as more awareness hits crypto. Hell Jew Feinstein and bipartisan cucks working to make it into tax law on crypto in the U.S. Soooo this dude or his parents might owe shit ton in back taxes.

>>2577845
>>2578526
>>2578607
>all this butthurt

Of course he was lucky, but he also took risks and was persistant.
Noone but the kid himself thinks he's a genious, but the plebbit comments and yours show concerning amounts of coping.

Real question is though, since hes putting it out there, i wouldn't have cause of feinstein and IRS goons..IRS is gonna back tax his ass for selling his business and soon crypto sadly uncle sam is grabbing his diabetic grubbly hands into crypto soon for "terrorism" protection

>college isn't even for learning things, it's about social skills, which this kid lacks
>mfw this is what reddit unironically believes and pays tens of thousands of dollars for

>>2574643
>1 million
>nothing in 2017

1 million USD is enough to move to one of the cheaper areas in the US, buy some land, build an offgrid home and start a garden and generally become self-sufficient for the most part, with some leftover for future property taxes, repairs, etc. If pulled off, this would allow one to live pretty damn comfortably even if you end up being a part-time minimum-wage-cuck a couple years later.

>>2578526
He started with $1000 though. See how many kids can make a million with that. Most would blow it on games or other worthless shit.

>>2575588
>college
>social skills
. . .

>>2578905

I blew $5k in Las Vegas over the course of a week when I was 21, and I didn't even gamble, just drank loads of expensive alcohol, ate out, took a taxi, and bought some shit at defcon.

>>2577282
>buy a house for $200-250k
>live off the rest

How is that not possible? Do you live in Commiefornia or something?

>>2578921
> buying a house for $200-250k

Fuck that, I can get a plenty nice house in my corner of the US for $130k-$180k.

>>2578797
>he also took risks and was persistant

so did the starving artist begging for change on the corner, or the guy who moved out to LA and is still trying to "make it" as an actor at 40 years old. Why aren't you sucking those guys off?

Nobody is "coping" - we've all admitted that it's awesome he hit the BTC lottery. Great job on his part. The danger is that people are going to see this kid and think gambling on crypto is better than obtaining a worthwhile degree or skill-set is a better or more reliable path to financial security/success. There were tons of kids who dropped out of college because, "lmao Mark Zuckerburg, Steve Jobs, and Bill Gates did it and they're BILLIONAIRES!" - guess how many of them are silicon valley wizkids? A small fucking few. Terrible terrible gamble.

There's nothing wrong with a sobering dose of reality to offset this ginormous circlejerk.

Also:
> persistant
> genious

please don't fucking breed or vote

>>2578925
I'd like to do that but my whole family lives in South Florida.

Still not as bad as Cali or NYC though, at least.

>>2578930

AFAIK the coasts are full of lizard-people

I like my comfy corner of the US where nothing has basically changed in decades and it's still viable to drop out of HS and get married at 17 on a farm.

>>2578968
where is this exactly? Flyover state?

>>2578984

I can't reveal specifics, we already have enough coasties moving here for cheap houses, to the degree that we even have public protests by democrats now. It's frightening. At least we have a few thousand christian conservatives moving to the region from all over the US to prepare for the collapse of civilization, and I've got enough canned beans and bullets to defend myself against the Californian hoardes.

>>2579010
Where is it, faggot? I'm not moving there anyway.

>>2579017

Inside this box

>>2578926
he voted for trump

>>2578926
> >he also took risks and was persistant

> so did the starving artist begging for change on the corner, or the guy who moved out to LA and is still trying to "make it" as an actor at 40 years old. Why aren't you sucking those guys off?

> Nobody is "coping" - we've all admitted that it's awesome he hit the BTC lottery. Great job on his part. The danger is that people are going to see this kid and think gambling on crypto is better than obtaining a worthwhile degree or skill-set is a better or more reliable path to financial security/success. There were tons of kids who dropped out of college because, "lmao Mark Zuckerburg, Steve Jobs, and Bill Gates did it and they're BILLIONAIRES!" - guess how many of them are silicon valley wizkids? A small fucking few. Terrible terrible gamble.

> There's nothing wrong with a sobering dose of reality to offset this ginormous circlejerk.

Being this salty holy shit. Dude it's okay, you have taken some time to learn Bitcoin and you're probably got like a $10k portfolio but irl you're still in your shit job, -$100k for that film degree, gay up the ass, voted for Hillary, and live in an overly expensive City. Anyone who is successful and didn't struggle as hard you doesn't mean they're lucky, and just because they don't further project the "Le college" stable life meme doesn't mean they're assholes. The only ass hole is you cause you want everyone everywhere to do the same thing as you thinking that you know what's better for them than they do. If he's as successful as he is at this point he probably doesn't need college and that's okay not everyone does and yes, it's okay to say that publicly. If someone is influence and doesn't go to college and fails, that's their freedom. You're just an egalitarian who wants everyone to believe the same indoctrinating path of life you have taken and you're jealous of anyone who successfully doesn't follow it, so shut the fuck up you fag.

>>2577072
>not being rich and partying at colleges

what it like to have never gone to a top tier education and party school?

what a loser lmfao

>>2577366
being popular in highschool is the fucking shit. this is coming from someone who was semi-popular and even that was awesome.

>>2575588
>And a million dollars is nothing if you don't know how to manage it safely (not putting it towards moon missions) and have an entire adult life left to live still.

So much this.
I am a financial advisor and could tell you countless stories about people that got scammed or talked into investing into big shit / lending relatives money (without seeing it ever again) / started spending big / crashed the company they inherited, because they thought they "know" something better.
And I am not even talking about the kids.

Also 1 million is a big lump of money, but its effectiveness is practically zero, when you have no clue what to do with it. A neet can life with it forever. A normal guy can life from it around 25-30 years. If you want to have more (like buying a good car every 2 years, wearing expensive clothes, buying a house/appartment in a quiet suburban area etc.) it usually lasts around 10 years. At most.
And as he has not even a diploma, he has no solid education.
He has not done anything that makes him like Zuckerberg or Gates.
He has nothing but a big lump of money.

At such young age, wealth is a danger if these kids get no advise from professionals like me, he is no exception.
And if he would have a good advisor, he would stop making himself the laughing stock of the internet. With his attitude, the best he can hope for, is to be in talk shows and life from the attention of the media. But for this, he needs to be pretentious AND smart. And if I look into his attempts to get attention, he is by far not smart enough to capitalize his pretentiousness.


Disclaimer: my job alone (including bonuses) nets me around 1/8th of that money per year & my wife also adds some more. Dont think college is bullshit - if you are good and smart, you smile at the kid and hope that he wakes up to reality before his fortune is gone completely. Because otherwise he most likely takes the easy way out.
Pic related.

>>2579489
You can literally just put it in a savings account or fund, sit back and enjoy your life doing things you enjoy. Maybe get a job that requires you work once or twice a week for an additional tidbit of income and something to fall back on in case the economy collapses and you lose your money. That's it, life completed.

>>2576138

lol I know you are being sarcastic but yeah all you have to understand is that bitcoin has a limited supply and is secure, and our fiat system is seemingly unlimited supply. put those together and you have a rising bitcoin price.

>>2579489
>financial advisor

so how do you suggest is it best to ensure a a passive income and financial independence?

I know people in the UK who live off passive income from HMO's, hopefully this is still viable when i cash out

>>2577491
Seriously It's baffling actually how much variance there can be though. I think a lot of adults underestimate kids sometimes.

I can think of a handful of families from my youth that were all well to do wealthy types and their kids were so fucking smart it was almost unbelievable. & not stuck up or full of themselves either, just genuinely smart as hell and very sociable.

& then I remember other 12 year olds that seemed like they must be only half their age for how they act.

>>2576711
>Ever noticed how the two richest people in the world (who didn't make their money through political corruption like Putin) are lefties who want way higher taxes on the rich?

They're free to voluntarily pay higher taxes until they can successfully lobby the government to increase them. They don't. In fact, they employ lawyers and accountants to make sure they pay as little as possible.

Like another anon said, they say these things to make people, such as yourself, like them. And it's working.

>>2579533
This. He could put it into a savings account, buy a little fund, maybe get a very easy part time job, and basically retire. I am so envious it hurts.

>>2577502

Yeah if serious crypto gains happen to me it's going to be kept mostly a secret. I see how its tempting to want to show off 50x gains and say "I told you so". But I can't help but think how hard a lot of these people work just to live pay check to pay check. I haven't worked in like 5 years because of crypto (though I need to go to college or some shit before my brain competely dries up) and it makes me realize how lucky I am when my friends are stoked beyond belief to have that 1 day off of work this week etc... or that they have to save up working 40 hours a week for three months to go on a weekend trip somewhere, when I can literally just go and fuck off whenever I want.

Once I have millions it'll get to a point where I want to use the money as a catalyst for the change I'd like to see in the world and not just be a lazy neet living an ultra comfy life.

this past days i am very upset about not investing in bitcoin. i first learned about it and wanted to buy 3000 btc at 1$ each. but the price rose quickly to 3$ . so i said fuck it.
i said "ill be a little upset in the future but that's ok".
then when the price was 5 $, or 10$, 30$ , 300$ , i said , if i didnt buy at 3$ i would not buy it at 30$.
also i fantasize about investing in eth at the ico.

i did buy 5 mil dogecoins with 1.5k , but i sold most of them by now , they would have been valued at 15k now

now i feel like i lost my chance , so i dont have any drive to do any work ( i do sites )

maybe i would have been soled all of them by now already but still . i cant seem to recover

>>2574566
The amount of buttmad wageslaves and babushkas who dont understand bitcoin on that thread is astounding. The kid managed to get 1M dollars at 18, most people will never see that kind of money in their life. The guy did very well for himself and will likely continue to in the future.

>>2578926
What's your point?

skool is 4 suckas

t.nigger with 470M BITB & 9.000 kidz

>>2579533
>That's it, life completed.

If it would be as easy as that, people would not pay people like me to do their finance.

Take a low inflation into account, expenses for living of about ~2k per month and buying your house/flat, you do end up with roughly 25 years, give or take 3. You wont even need to work in this time. But after that, you only have your flat/house, nothing else. Best you can hope for then to make a living is asking "mayonaise or ketchup?", because nobody other than McDonals will hire you.

But this is not what his ego will lead him to. From what little I saw from him, he seems to like wearing a bit more expensive stuff. I doubt that he will (or can) settle with used cars, normal priced clothes etc., which will make him poor way faster than he will think. It is only a million, not a billion.

>>2579642
>so how do you suggest is it best to ensure a a passive income and financial independence?
For this, I would need to know what amount you spend every month in the first place and some other factors like age, where you actually live, level of willingness to take risks, savings behavior etc...

I watched a few vids of him and he seems absolutely retarded tbqh familia. How full of yourself can you be for getting lucky on bit-com?

>>2579761
You do realize we're at the cusp of a new industry. Bitcoin was like DOOM II, Ethereum is like Quake. What you need to do is research competent people who will create Counter-Strike, then Far Cry, and so on.

>>2579800
In 25 years the only jobs that will remain are PhD research level and BEng implementor monkey level. Vast majority of people will be unemployed one way or another.

>>2574724
>>2574734
>>2575598
>>2575984
>>2576124
>>2577313
>>2577843

>m-m-muh bitcoin investment was g -g-genius

>>2576711
>I'm a lefty
>who didn't make their money through political corruption like Putin

Yeah it shows

>>2579800
Addition: in this case, you are far away from living a life which is considered "tony stark"-level. For this, you need - at least - one additional zero on your account.
And if he starts to have kids, you can deduct at least 10 years of this time for every child.

It is basically the same life a below average college graduate from a below average course of studies can expect after college. The only difference is that one of them needs to go to work, can grow his income through his career. The other one is mumbling "I am a genius" in his house and needs to count his money, so it is enough for him to die before it runs out.

>>2579835
>In 25 years the only jobs that will remain are PhD research level and BEng implementor monkey level. Vast majority of people will be unemployed one way or another.

I wont disagree, but your list is a bit short.

>>2579800
>people would not pay people like me to do their finance.
Most people are ruled by their desire to have more more more. They need, like you said, cars every few years, a massive house, kids, and all of this stuff that consumes massive amounts of money over time. These people don't generally seem to live good lives from my perspective

> expenses for living of about ~2k per month and buying your house/flat,

I live by myself pretty happily on less than a thousand per month. You'd be surprised how little you can spend if you focus on learning (which only consumes books which you can borrow for free at a library, or internet resources), honing skills like programming and having fun with implementations you come up with, and so forth. Make sure to buy real estate in a rural backwoods area with very cheap property prices

>>2579800
>expenses for living of about ~2k per month and buying your house/flat

Why would someone need 2k per month if they didn't have to pay any rent?

What the hell do normies spend all their cash on? 6 daily frappucinos?

>>2579800
>For this, I would need to know what amount you spend every month in the first place and some other factors like age, where you actually live, level of willingness to take risks, savings behavior etc...

18 y.o, Australia. Very frugal, live with parents and beyond essential expenses i spend fuck all. Very open to risk taking, made several in crypto. have about 11k in savings, and 30k sitting in crypto. I have a controlled and mature(i would like to think) behaviour, but i need to become more disciplined. I'm working class and am very stressed all the time, i wish i was more calm.

>>2579920
I love having people like you in front of me (which is unfortunately quite rare, as my work comes not cheap), because satisfying these desires is quite easy if the one who wants to achieve it is not a complete idiot.

>>2579920
>Most people are ruled by their desire to have more more more. They need, like you said, cars every few years, a massive house, kids, and all of this stuff that consumes massive amounts of money over time. These people don't generally seem to live good lives from my perspective

Eyeryone is different, but most people want indeed what you wrote.

Funny thing is: he could indeed live the life he is bragging about to live - if he would not drop out of high school and make a good degree in a good field.
However this is not what I expect to hear from this kid in the future.

>>2579991
>Why would someone need 2k per month if they didn't have to pay any rent?

If you dont pay any rent, you usually bought the house/flat. One million is now about down to 700.000, if you buy a "normal" house. Down to 500k if you buy a big one for a real good price.
How about your health insurance?
Gas and insurance for the car?
Property taxes, insurance and maintenance for the house?
Even if you own your house, you can pay like 10k for it every year for it alone.
The leftovers of the 2k are not as big as they seem. You can life a decent life, but like I said: far far far away from "tony stark"-levels but way way more like "average joe"-level.

lmao everyone in that reddit thread are blue collar workers with no bitcoin

>>2580123
>18 y.o, Australia. Very frugal, live with parents and beyond essential expenses i spend fuck all. Very open to risk taking, made several in crypto. have about 11k in savings, and 30k sitting in crypto. I have a controlled and mature(i would like to think) behaviour, but i need to become more disciplined. I'm working class and am very stressed all the time, i wish i was more calm.

Australia... hard to tell, I usually do this for clients in the EU.

However these savings are a good point to start. Cash out gradually from cryptos (diversify not only in cryptos bus also in general) and buy a flat with 2-3 rooms for renting it our to e.g. students (I dont know about the australian market for owners, so this might be a bad idea in your area).

Gradually grow your income via cryptos then (stay away from margin trading) and take what you got from the flat to pay for it. Then diversify even more into e.g. index funds.

From there on, contact someone like me. There, you just need to remember: if he/she wants to sell you something (besides her/his salary) before the 3rd date, he wants to con you.
1st date: getting to know each other
2nd date: validating informations
3rd date: he/she offeres options and explains stuff to you

Good luck, anon.

>>2579912
There were also a couple of things you forgot to include, namely that the sheer amount of interest (even if assuming only a 2% per annum from a bank savings account) on that lump sum would probably be enough to cover a lot of your expenses (if not all of it) on a yearly basis ($1mil would be $20k/year, $850k $17k/year. I manage to live on this much per year without going into debt or being impoverished or unhappy)
>>2580135
A good house can cost you $50-100k at most in a good but undervalued area, usually rural.
>How about your health insurance?
Covered by free government healthcare
>blah insurance etc.
easily covered by interest. If you're not an idiot and don't run your property items down, know how to repair and maintain your vehicle and house, it's really not that costly. Doing work yourself where possible with materials you can buy at your local hardware store is very cheap.
>far far far away from "tony stark"-levels
No one's saying we could live like that with one million. In fact I would never desire to live like that even if I had an unlimited quantity of money. The guy who actually made a million is trying to make more with it, which is why he's trying to look the part. Maybe he'll succeed, maybe he won't. I'd cash out at that point personally.

>>2580180
More like white collar students and baristas insinuating they have it hard for victim points.

Not too different from this topic where neets fall over each other pretending to be financial advisor this or crypto-millionaire that to hide their sour grapes.

Yeah, I'm sure the kid who slowly grew 1k to 1m from age 12 to age 18 is going to suddenly waste all his wealth like a lottery winner, and I'm sure you all can tell this solely because he's a little arrogant and hurts your feelings.

How did Drumpf won the presidency again... oh right, Russian conspiracy.

You fuckers are coping so hard it's more annoying than funny. Kid might behave like a dumb fuck but he intuitively gets more about entrepreneurship than you faggots do. For every hundred losers bitching online about a retard sharing facebook tier inspirational quotes, there's one of these retards making bank out of it and selling that shit to your own mom. So congratulations on being so damn euphoric you have to blame luck for your willful refusal to reexamine your own views.

>>2576895
You're an idiot, that's not true. Bill Gates literally donates all of his money and isn't giving any to his kids when he dies. You all have a horrible worldview, that's your issue.

what im having a real hard time understanding is how 1 mill isnt enough to use the rest of your life, if buying a house is like 550k average how could you not live off a life supply of food for 500k

>>2580490
You totally could but you'd have to live pretty modestly. You could also move to somewhere like Belize or something and live comfy as fuck for the rest of your life

>>2580486
You belong in an oven.

>>2580535
What kind of response is that? I point out that Bill Gates donates billions to humanitarian causes and saves lives, and you say I belong in an oven?

What's the logic behind this? What's your rationale? Does donating money contradict your worldview? What the hell is your worldview then? From what I can tell it's surely not something good and it doesn't belong in a progressive western society. You are the scum of the Earth but you've convinced yourself you've got something going for you

You don't belong in an oven - nobody does. You just belong in school or something, or maybe in bootcamp. Idiot.

Looks like a fucking virgin faggot

"I'm not the Da Vinci of our time, I'm the me of our time, and honestly, that's so much better.

A 2.0 GPA student can know more than a 4.0 GPA student. Grades don't determine intelligence, they test obedience.

Average college GPA among 700+ American millionaires: 2.9 School performance doesn't dictate future success. Bad system. #ProtectOurStudents

i feel so bad for my exes. Like imagine losing me.

I only hire sevens and above.

My next house will have walls made entirely out of mirrors so I can be surrounded by winners at all times."


anyone who defends this faggot needs to be necked ASAP

>>2580597
You really do belong in an oven.

>>2580597
Bill Gates is a satanist, pleb

>>2580522
even if you make only 5% returns per year, which can be done by any retard, you would have 50k a year, thats 4k a month, how is this not enough for a lifetime?

And that still leaves you with 1 million untouched. Now imagine reinvesting some of that each year.

I seriously have a hard time understanding how you cant live a nice life with 50k for free each year.

>>2575588
>There is no situation in which foregoing a high school and college education is a good idea

Stay cucked school boy

t. college drop out who makes more than most college graduates my age

>>2580486
He's donating all of it to a foundation in his name, to be ran according to his wishes.

>>2580486
You seriously believe Bill Gates comes even close to the worlds richest?

stay pleb(bit)

>>2574643
dude...
do you know how much money you can make with a milion dollars?

i doubt that dude is retarded so he will probably make a wise decision regarding his money

we all made serious gains with WAYYY less money at hand

>>2574781
>80k in student loan debt
you did good, goy

>>2579800
>If it would be as easy as that, people would not pay people like me to do their finance.

People pay you to do their finances because they are lazy and cowardly. It really is that easy. Buy a fucking Vanguard fund with $1 million and boom you are set for life, no financial adviser parasites like yourself needed.

If you got rich why would you announce it to the world? Being rich and anonymous seems like the best of both worlds to me ...

>>2581006
>t. college drop out who makes more than most college graduates my age
Haha, SAME HERE, I fucking love it.

>>2578553
you dont think theres 1000 kids out there that invested some cash in bitcoin?

thats smallfry shit dude. i was wheelin and dealin since i was 10.

>>2580490
Once you factor in taxes plus a modest house and car there really isn't going to be much left to invest. Probably like 250k or so. A poor spender/investor could blow that in a heartbeat.

>>2574566
>self made entrepreneurial millionaire who doesn't like the brainwashing leftist university meme
>reddit hates him

really joggles the noggle

>>2574781

How the fuck did you get into 80k debt? Holy shit. You went for prestige when you couldn't afford it, didn't you?

>>2583868
"self made entrepreneurial" literally means in this case "i got lucky by putting some money into bitcoin as a teenager and now i call myself the real life tony stark"

dude is a complete tool who's going to look back in 10 years and be utterly embarrassed

>>2583957
who gives a fuck what he calls himself lmfao

he made bank, good for him. faggots like you are peanut butthurt and jelly about it. in 10 years hes probably going to have more money and laugh even harder at these wagies that are getting indoctrinated by a marxist educational system

>>2584046
Why do you think I'm jealous? I recognize what he is. He isn't a genius, he's someone who got lucky on bitcoins. Good for him. He's also an 18 year old kid fresh out of high school who can barely write.

>>2574566
> Yeah well if he invests his money he could have a stable $50 - 100k per year for doing absolutely nothing, but if he went to university and studied hard then he could land a grueling 9 - 5 that gets him $110k per year! HA! Us wagecucks win again!

>>2580691
lmao this nigga 100% trolling

>>2577318

Left/Right only comes in to play in regard to the responses on the AMA thread.

Reddit=Very left leaning, very salty of success, very equality, very commie,

maximum keks were had

>>2580691
kek, that's some fine shitposting. this kid has a bright future.

>10 years later kid is a billionaire and redditors are still paying off their student loans

>>2584073
He's not fresh out of highschool, he dropped out KEK

>>2578930
mfw I live in commiefornia and 1 million gets you a shack by the highway.

>>2581006
What do you do?

I don't understand. The kid is really dumb to end up with a GPA of 2.1 and feel proud of it. Also. He took $60k in Bitcoins, instead if taking the 100k in cash and buying Bitcoin with it.

The kid has a piece of crap for a brain.

I don't understand. The kid is really dumb to end up with a GPA of 2.1 and feel proud of it. Also, he took $60k in Bitcoins, instead if taking the 100k in cash and buying Bitcoins with it.

The kid has a piece of crap for a brain.

Anybody who thinks this shithead is a role mode is as dumb aas a fucking rock and lazy. He got lucky, you won't.

The cherry on top of the cake is that he hasn't filed his taxes yet.

don't understand. The kid is really dumb to end up with a GPA of 2.1 and feel proud of it. Also, he took $60k in Bitcoins, instead of taking the 100k in cash and buying Bitcoins with it.

The kid has a piece of crap for a brain.

Anybody who thinks this shithead is a role model is as dumb as a fucking rock and lazy. He got lucky, you won't.

The cherry on top of the cake is that he hasn't filed his taxes yet.

>>2574724
It's hilarious how assblasted these redditors are. Giving him grammar tips as a last grasp to hold onto their dignity. Hahahahahahaha

>>2575914
this.

>>2575253
>gets lucky and buys bitcoin cheap
>REAL LIFE TONY STARK
lmao

>>2576685
You're political ideology is largely a reflection of your personality and temperment. People are far more likely to vote based on their temperment rather than reason or logic. I don't think money changes your personality very much it just gives you the ability to say "fuck you" to everyone without a second thought.

You can come up with right and left-wing rationales for tax evasion, capital hoarding, success (or lack of it).

>>2587200

seriously holy fuck. if he invented a fusion reactor or something cool. what a faggot.