/biz/ - Business & Finance

>>26355668
you need 10 million to really make it, anything else is C O P E

>>26355668
Currently, if you want fuck-off money, you will need $15 million.
If you want to be financially secure while working or renting, $5mil.

>>26355703
/thread

>>26355668
>>buying amenities
The "Rich" are powerful, you should instead spend money on influence which will get you land and control of Natural Resources.

>>26355738
>Currently, if you want fuck-off money, you will need $15 million.
Why? Sounds retarded to me
What you even gonna do with that much money?

>>26355703
10M you are still a poorfag
you can afford a nice villa, a sportcar, trips around the world but that's it
not much different from a 1M wagie

>>26355885
>10M you are still a poorfag
Kill yourself nigger

What the hell /biz/ I thought you guys were financial savvy? It's been 1.5-2mil for years. Just dumping 2mil in coke(KO) will net a comfy 60k+ annually in dividends for doing nothing.

>>26355925
A bunch of newfags and niggers. That's what happened to this board

>>26355668
I'd be comfy at 1m, I just want land and a house with a couple fun vehicles

>$1.5m for good house and a bit left over for maintenance and bills if you're extra conservative
>$2m to be paid out over X number of years for your daily expenses
>$1m savings that earns interest
>$1m in stock market

5.5m

>>26355668
£1.5m

>>26355668
how big of a reddit faggot do you have to be to post those homosexual reddit-tier mouth-open memes?

>>26355738
>If you want to be financially secure while working or renting, $5mil.


Dude, you can get a 6 figure annual income from dividends with a 4-5 mil inv portfolio easy. You don't need to work..or rent. You can chill and own.

>>26355668
I want €30.000.000

>>26355925
two million is about the standard payout for a life ruined lawsuit so yea most people can live on that

>>26355668
One million dollars!

You need 4 million for basic make it package.
1 million goes to your house
3 million goes to your investments which you can safely withdraw about 4% for eternity which is120k a year which after taxes would be about 100k.

>>26356189
He is probably a nigger

>>26355847
buy a nice house on a nice plot of land and pay for it. buy a few cars and have them paid off - one for wife, one for you, and a work truck. have 5 million MINIMUM in an investment vehicle that returns 5% dividends or return on investment each year to live off of (giving you 250K pre-tax to live off of... this is at a bare minimum though, 8-10 million in that investment vehicle would be better so that you have 400-500k to live off of each year).

>>26356232
Yeah about that adjust for your country currency. Anyone saying more is a consoomer

>>26356163
>$2m to be paid out over X number of years for your daily expenses
this is stupid... hold a good proof-of-stake coin or an fund that gives a 5% minimum return each year and you live off of those proceeds without touching the principal

>>26355668
$0

>>26355668
For me it’s 10milly

>>26355668
>optimizing everything for a comfortable bourgeoise existence for the rest of his life
Ngmi. You should be using your capital to pursue your dharma; that's all. When you're on your deathbed you're not gonna be happy you spent your time being a decadent consumer goy.
Use your money to fund a trip to Vienna; where you meet like-minded individuals and actually pursue something; escape your jewish mind-prison.

Alright, so what's the way to make a mil then? Just start an ecom scam?
>expecting advice on /biz/
Yeah yeah I know

For me, it's $300k. If you need ANY more than that, you're mentally disabled and are NEVER going to make it.
Don't @ me losers.

>>26355767
this

>>26356431
just become a welfare queen like you were always meant to

>>26356267
Imagine being a fucking burger
I can live like a king on 50k € in Europe

>>26356431
>$300k.

You must live in a 3rd world. That's 6 yrs of makin 50k a year. NGMI long term with that in the 1st world.

>>26355668
50-100m is make it status

Why are all of you retards spending 1MM oon a house. You can get a nice house near a lot of ammenities in one of the fastest growing markets in the US for like 300k. Are you all Californian or something?

>>26355668
I want to buy a massive estate in greece on clear blue ocean with white sands where the weather is always perfect and start a winery so I can be drunk and high all day and not feel any guilt because I already made it. Also a porsche 911 turbo in bright yellow with a performance package, mandatory lambo, and a fully modded lancer evo. I'll just give my wife half for the divorce and impregnate med sluts 24/7. And a yacht that's good for blue water.

>>26355668
3 millions €
>300k house
>1.5m on safe cryptos or lending
>500k on shitcoins
>500k on the stock market
>200k to start a risky business you'd like or fuck whores your choice

Making it level 1 - tens of thousands
>enough to survive in a bug out shithole without working
Making it level 2 - hundreds of thousands
>enough to live like a normie in a place you like without working with no family
Making it level 3 - millions
>enough to live like a normie in a place you like without working with a family
Making it level 4 - tens of millions
>basically you can buy whatever you want but don't have any power
Making it level 5 - hundreds of millions
>you can buy whatever you want and you control other people
Makin it level 6 - billions
>you join the pedophile elite and ascend to the vampire dimension

>>26356628
>he still unironically pay for inflated housing prices in the 1st world
migrating to the third world is the only answer. no way i will be (((saving))) for 20 years just to have anything close to an acceptable life.

>inb4 but third world countries are shitholes
Africa isn't the only third world place in the world

about 100k a month

>>26356431
Eternal pleb detected

1m usd ill set a meeting with my boss and then take a shit on her desk

>>26355668
I could see myself living comfortably on 500k to 1 million

You guys that want million dollar houses and gay Abercrombie bullshit like a fucking boat are just retards. You can live without a Lambo or some stupid ass house that's so retarded big you dont use more than 1 or 2 of the 5 bathrooms or bedrooms. And dont even get me started on your collection of vehicles. Youd be paying out the ass and giving other people so much time to upkeep them it's basically like you bought it for them.

Poorfag just dont think of this shit

$10M USD
>$2m for housing
>$2m others
>$5M buy out a company
>$1M sports car collection
rest idk

>>26355668
>1.5 million for a house
kek. buy some land somewhere nice, pay for house to be built, get all the utilities and you're set. not paying any nigger realtors any time soon.

Owning your own house plus 500k, assuming you don't want kids or they're financially independent already. That's enough to not work and live comfortably.

>>26356968
Also this.

>>26355668
>5% stock dividends

Doesn't the typical ETF yield 8-12% pa?

>>26355885
people actually tell themselves this shit

iam from rural eastern europe i could buy decent house for like 50-70k like 5k for homegym and i wouldnt really need anything else...

For me, it's £500k. Invest it wisely and would live comfortably and not have to wage again.

>>26355885
If this is what you intend to do with your wealth once you have it, your depression will only get worse.

I'd be happy with over 500k

>>26357698
Are you retarded? I'm from Eastern Europe (Bulgaria) as well and I have $90k + already have my own apartment at 21. It's not enough to retire. Need at least 500k minimum to even CONSIDER retiring

>>26356337
Damn 50 k loss is nothing?

>>26357879
right my bad i didnt mean retire i guess i just listed things that i would buy if i had money

>>26357489
checked

I need my crypto portfolio to get to 5 million to be able to live my dream.
1.5 million will go to a house on the beach, and the rest will be invested so I can live off the returns.
I’ll probably keep working construction part time to keep fit and keep insurance or whatever, but that’s just because I really like it and it’s kept me in good shape.

It’s a pipe dream though because a combination of link and btc would have to do a 50x for that to happen

>>26357908
Not to mention there's probably 0% chance I retire in this country. Fucking Boyko and his band of thieves gonna try and steal my money one way or another.

>>26355668
Seems like the general goal is a 6 figure income from dividends.

If you actually know how to trade, you can easily make 50% per year at very low risk, so $200k is all I need. My IQ is extremely high though.

One other thing: 6 figures annually is wastage. No one needs more than $80k per year, that will cover the entire family's expenses. Don't even bother arguing with me because I'm going to bed, plus my logic is literally irrefutable. Check em

>>26357800
I plan a trip around the world for an entire year. Is that cope?

>>26357974
>check em
Yeah, no dubs or trips. Means you're truly a retard and just spilling bullshit

>>26357906
Closer to 300k from the highs, I feel nothing anymore anon

>>26356351
I want to work just so that i can actually do something in this world instead of just NEETing. I've tried NEETing and it's brain cancer, it's not what we are biologically functioned to do. I'm not saying work 24/7 but you need the struggle to be happy.

>>26355703
True. 7 figure hell isnt called that for nothing. Having like 4 mil is pure suffering. You wont even attract proper gold diggers with that kind of chump change.

>>26358100
If i get filthy rich ill run a patriotic cafe in the city and keep bees on my countryestate

>>26357879
Enjoy being part of EU bro. In places like Ukraine or Belarus 90k and an apartment is more than enough. Obviously you would still want to get 5% or so from your 90k

>>26355925
We're savvy and half of us are stuck in 6 figure hell.
2m is enough to live off. Probs the minimum for /making it/
Doesnt make you wealthy though. Most of us realised we need far more assets to feel comfortable. We're good at planning this stuff because we're not niggers.

>>26358195
>Ukraine or Belarus
Why the fuck would I want to move from one shithole to another? I'm trying to escape Eastern Europe, this place is fucking cursed.

Making it means never having to work again. For this you need around 600k USD så you can live off divvies. Anything else is just luxury.

If I had a million I would feel like I made it lmao are you fags really so vain you think you need a McMansion with 20 rooms you don't need and a yacht

Just let me own a comfy little home in a nice rural area and enough left over to generate some part-time gains so I can eat and buy things now and then and I will be content forever

>>26358264
>Why the fuck would I want to move from one shithole to another
Didn't I just give you the reason retard bro? There's no major difference between Ukraine and Bulgaria in terms of quality of life is there. But it's much cheaper. Sounds like a good reason to move there if you're not planning to be a wagie

>>26357770
Hit that level in august and still wagecucking a job I dont like. Don't change your lifestyle in any way until you've derisked and have hard assets. Except, crypto offers far better returns so I'm not selling. Hence, no lifestyle changes.

DO NOT BE A NIGGER.

>>26355668
It depends how old you are and what lifestyle you want to live. I'm in my mid-40s and live the midwest, and I just want to retire to Florida while I'm still young enough to enjoy it. If you don't want power and influence and you just want to live a pleb-tier life without having to work again it would just be a couple million to do that. If you have a white collar software job or something you can FIRE pretty easy by your early 50s if you're disciplined about saving and investing.

.1 btc

>>26358344
Yeah these guys don't get that with all those toys comes the maintenance and storage and all the expenses associated.I live around many rich people. Have millions and pretty much most don't live the way these guys are wanting too. How they want to live is way more money than 5-10mil.

>>26358265
>så
HelIo Sven

>>26358395
>sounds like a good reason
Yeah and end up getting fucked by the government or by the retarded citizens. Fuck that. I don't know if it's exactly like that in Ukraine but in Bulgaria people are envious and nosy af, no one can be trusted.

How much does one need to earn £20k+ interest per year in UK? That much + a comfy house bought outright.

>>26357976
>I plan a trip around the world for an entire year. Is that cope?
This is something poorfags dream about and always say they want to do yet no actual rich person every does it. What does that tell you?

>>26355668
2 million. One for me and one for wife. We will never have to work again :)

>>26358534
Interest? You're losing purchasing power of the capital if youre taking all the interest.
20k @ 2% is 1m. Good luck anon, you'll need far more than 1m.

>>26356267
>buy a few cars
ngmi

>spending more than the absolute maximum of 500k on a house
>not going stealth mode
ngmi

>>26355668
3-5 Mil

>>26358656
Rich people are retarded?

Anything below 50mil is poverty.

>>26359107

>>26358699
Wrong word sorry anon. 20K a year passive income... whats the total portfolio value required to do that?

>not getting a small home in a village somewhere
>not handing off the rest of your money to a financial investor
>not telling him you'll pay him double the annual rate he charges if he leaves you alone and ensures you don't have to earn money ever again

When you get to 15 mil, you realise that stealth mode is the dream

>>26359445
Between 250k to 400k, depending on interest rate

>>26359711
Do you have any useful youtube links where I can learn more? Thanks

>>26359768
Investopedia should help.
https://www.investopedia.com/terms/f/four-percent-rule.asp

Half a mill then? Plus house.

>>26358693
Yeah for sure after she divorces you kek

>>26355668
Around 5-6million SEK for a nice house is all I want

>>26359768
I don't sorry. Just look into ETF, Index Funds, Vanguard High Dividend Yield ETF

Making it is surviving the collapse of society. Assets make it easier but there a some who will make it with their skills. Take the prepper pill.

>>26358812
if your idea of making it is driving a run-down beater car, having no work truck and letting your wife and kids get around on public transportation with the violent inderclass then pic related is (you)

>I need a massive house and a fancy car even though I will just stay in my room all day fucking prostitutes

Multiply your annual expenses by 35, thats how much you need

>>26355668
about $30 million to enter global elite caste, which is the only caste that will matter soon (clean water, healthy food, biological children)

How much does it cost to build a house out somewhere nice?
I'm thinking of building a real homestead, out somewhere in the Pacific Northwest either in Idaho, possibly Montana, or southern Oregon and then lobbying for the state of Jefferson (or Greater Idaho) for the rest of my life so I don't have to live in a shithole ruled by Portland

>>26355668
Fully made it is in the $5m ballpark, but you can stop waging at $1.5m assuming all taxes are paid, etc.

To live a life of luxury, millions. As a matter of fact I don't think any amount of money would satisfy me.
To be debt free, have everything I want and drasticly improve my quality of life? Only a few 100k will do the job.

>>26355925
he said making it not making a median salary without working. that's only step 1 on the path

How much does it cost to build a house out somewhere nice?
I'm thinking of building a real homestead, out somewhere in the Pacific Northwest either in Idaho, possibly Montana, or southern Oregon and then lobbying for the state of Jefferson (or Greater Idaho) for the rest of my life so I don't have to live in a shithole ruled by Portland

>>26360917
This but $4 million is where you can honestly "stop" if there were such a thing in investing
I always assume only a conservative 3% return for passive income after taxes, any inflation, and macro risk, and at $4 mil that's $120,000 a year hands free, and more if you can beat 3%

People in here are retarded if you think you can't do just about anything you want with $10,000 a month for no work

>>26356968
bug out shithole for now

>>26361286
>$4 mil endgame
True, after that it becomes a different game, trying to waste your money on sundry stupid things in order to get "your money's worth" out of what you've accumulated

What are you gonna do after $4 mil?
Buy some shitty middleclass looking house in LA?

Imagine if you get that sailing boat but you get hit by a massive wave and drown.

>>26360167
I have no wife children or job
these vehicles are unnecessary

>>26356396
just smart investing over years. The growth will be exponential. Give or take 10 years, you'll have a milly

>>26355668
If you're not starving, your life is not in any immediate danger, and each day you wake up and go to sleep with a mind free of any disturbance, only then can you say you have truly 'made it'.

2 mil in my country
>500k for a very nice house
>150k-200k for a nice car
>300k for everything else
>1 mil sitting there making me bank by doing nothing

>>26355703
damn what kind of expectations do you all have?? I´d be comfy with 2,5m €. Wouldnt have to ever work again. I´d live in the middle class, thats true, but I can spend my time however I want and dont have to wageslave

>>26361769
>just smart investing over years

Oh, is it that easy?

>>26362009
literally this.

GREEEEEEN

>>26355668
depends where you live/where you want to live. if you wanna live innawoods you can make it off less than a million. if you wanna live in a big city then $10 million

>>26356267
> work truck
Ngmi

Well for me there is no such thing as making it? I currently throw around 5% of my eth in shitcoins. Even if got billions and trillions my portfolio proportions will stay the same and i wil keep on gambling everyday.

As for financial safety, 5 crores rupees(3-4 crores for big house,1 crore for two flats to rent out) then 2 cars each 0.2 crore. Then i would want additional 4 crore rupees (1 crore in stocks and crypto to gamble around,1 crore in gold and silver and 2 crores in mutual funds to get 7-12% apr). Anything ahead if this is bonus.

So the total would be near 10-12 crore rupees which is about 13 million usd to 15 million usd.

>>26355738
Der Konsoomer...

>>26357800
Fucking this. Why the fuck would I want a sports car etc?

I'll be happy with a nice penthouse and a bit of change.

How much for a boat capable of crossing the Atlantic? I want to party on coordinates no human has ever been

Staying out of debt is key. Anything else is cream on the top.

https://www.youtube.com/watch?v=iEIwhmFp6Mc

>>26355922
>>26357690
you cannot even afford a private jet or a mega yatch with 10M

>>26355925
Your drug addiction will get you nowhere.

>>26356670
No, that's fuck you money. Making it means not having to ever work again. AB said so

>>26356628
>300k
>invest all in MO
>8.25 dividend ratio
That's $25,000 a year for life. Because you're not paying FICA, payroll, state and local taxes on that, it's like making $50k a year as a wagie or more if you account for other deductions like benefits. That's over $2000 a month. More than enough to live on, especially if you have full equity in your house and aren't a rentcuck donating to your lord every month.

>>26365252
Which can be accomplished with just 300 to 500k.

>>26355668
>move to Portugal in order to pay 0% taxes on crypto
>300k for house
>600k for three apartments to rent (making around 2k euro passive income)
>100k for sailboat (swedish markets are cheap, and a monohull is way cheaper than a catamaran)
>200k in some stablecoin defi lending dapp that gives you 7-15% APY
>200k in savings, just in case something unpredictable happens
>100k for random travel expenses
>total 1.5 million

>>26364074
https://www.youtube.com/watch?v=yUi0gsxVHZM&t=2s

This dude sailed from LA to Hawaii on a cheap 23 feet boat that doesn't cost more than 10-15k

A nice 40 feet monohull would be somewhere between 40-200k, depending on where you buy it and how much do you want to invest in stuff like a watermaker, spare motor parts, solar panels, radar, autopilot, scuba diving equipment and a bunch of other stuff.

>>26365767
Well done

>>26365767
>move to Portugal in order to pay 0% taxes on crypto
I heard they're working on changing this right now. Can any anon from Portugal confirm?

>>26355668
If you're 80, you need much less.

>>26355668
>15,000,000 for a house
wtf are you talking about?

>>26355668
500k for me but that’s only because I already have a decent investment portfolio and this would pay off things like rental properties and leave me with enough left over to make good amounts off dividend stock investments and would be making like 40k a year. It isn’t much but that seems like a modest comfy living. I’d prefer to have a couple million because then I could easily get to have cash flow of over $100k. My plan for making it is to never just dip in to my initial capital and only live off of cash flow so I can continue to grow my wealth

>>26365767
>200k in some stablecoin defi lending dapp that gives you 7-15% APY
when you could have 50%, stable and safely
dumbo

>>26367081
I hope not, that's one of the most important things. Or if they change it the tax should not be bigger than 5-10%. My shitty eastern european country has 20% taxes, fml

>>26368170
>I hope not, that's one of the most important things
I hope so, because I planned to move there too.

>>26367957
50% APY is not sustainable at all long term. That's the reason you will never see a highcap DeFi/ staking coin like AAVE, SNX, COMP or others offering this much.

>>26355668
>1.5 million for a house
>EU
LARP...

ONE JILLION DOLLARS

>>26355668
My living off passive income number realistically is net 2k a month. I own my home. It cost me ~1K a month to maintain my lifestyle (utilities, property tax, internet, car), The 1k is a cushion for any extraordinary expense that might need like restaurant or an emergency.

That said my make it number is 20K a month passive income minimum.

In terms of investments, I have rental properties. Net of all expenses I get $2k a month from them. I have a small (30K) stock portfolio of Dividends and VTSX. Nets me ~1K of dividends a year. Getting into crypto now in hopes of making more passive income as rental property prices have exploded since Covid started.

>>26356431
I already have 300k. What lifestyle am I supposed to be living to have made it with this amount?

Bros I made $7k into $250k. I’ve bought land in Los Angeles I’m building a cheap house that is in a neighborhood of $800k houses. I have a decent stack and my next goal is a project I need $1.5 million to invest.

>>26368451
>Mom in id
>Mom in pic aka richest character in futurama
IT'S A FUCKING SIGN I'M GOING TO MAKE IT BROS

>>26368170
>20% taxes, fml
that is literally nothing you whiny faggot. Most of us have to pay a lot more than that.

>>26355668
1 million
those of you saying 10 million are completely delusional and retarded

why giving a scam ?
are you believe this jews try to give anything workable?
I don’t follow them and why should I do it?
I have Base on my wallet and Uniswap portfolio
I have brains to use cascade and get passive income

>>26357400
this.

>>26358265
This anon is correct