/biz/ - Business & Finance

>>27160592
because you know your gains aren't real yet. It's in crypto and can go to 0 tomorrow.

>>27160592
That's because having high six figures is no where near enough money to do what you just described.

>>27160772
I cashed out around 100k because I figured I spread that across other things (etfs etc.) but haven't yet. Once I had it in my account I started thinking what I could do with it and thought about buying things (I don't even own a car, I use public transport) but quickly realized that there is no way in hell I'm spending money on money wasters when I could instead put it back in crypto, stocks or soething else. I don't know man, what is this leading to

>>27160926
YES but it's more than enough to buy basic ass t-shirts and shit. If I can't even bring myself to buy things like that how could I ever spend money on an apartment/huse/car whatever?

>frugal mode
nah, you just aren't retarded with money and you'll make it

>>27160592
The most important thing to remember is to live within your means. You don't want to be a target, you want to be "everyday" rich. You dress nicely, you practice good hygiene. Perhaps you drive a BMW at most. Your home is very nice but upper middle class at most. You don't wear expensive brands, perhaps a nice watch if you really need one. You don't live as a consoomer, you live as a free man.

Homes like the one in your picture are nice, sure, but believe me when I say that you don't want to deal with the people that kind of lifestyle attracts. Your neighbors are shitty, defective humans. Nobody is really interested in you, just your money. Plus, you're going to be paying property taxes on it indefinitely. That isn't frugal, it's a waste. Buy a nice home on a lake, or a decent home on the coast in Florida (Destin is nice for example).

>>27161150
Pay taxes on the 100k you cashed out and dump it back in crypto retard

>>27161490
SAUCE

NOW


SAUCE

NOW

SAUCE NOW

NOW

>>27161586
no tax after holding for a years+ (which I did) in my country.. I'll only buy back If I can get in at a good sport below my last sell, otherwise I just diversify in other things

>>27160592
You realize that real luxury is having security not spending like a retard.

>>27161490
I’ll consider sending 0.02 eth to anybody who provides the source fast

>>27161777
Janet honey dip

>>27161150
can you drive a car?

>>27161983
Give it to a food bank

>>27162044
Yeah sure. Also enjoy driving quite a lot but the running cost of a vehicle is quite a lot to me

>>27160592
sounds like you're too smart for your own good. at least live it up every now and then and spend some on hookers and coke

>>27160592
Even if I ever make it to millionaire status I will never spend the fucking money.
Good, that means you'll still be a millionaire in 5 years. Retention rate of overnight millionaires (lottery, inheritance, etc) is unbelievably low, like less than 20% are able to sustain their newfound wealth into perpetuity.

You get rich by being frugal and taking risks. You become poor by spending your wealth. Sounds obvious, but a lot of people seem to think once they get rich it's like a steam achievement that never goes away and they can just live large forever.

Take 3% of your net worth as a draw each year, let the rest compound in stonks or rental properties. If that 3% lets you indulge in some luxurious shit, so be it. If it doesn't, so be it. That's the bottom line.

>>27162398
What the fuck my carat key doesn't work. fuck me.

>>27162189
Are you stupid? Get an old toyota. You need a vehicle in life.

>>27162000
AGGHHHHHHDHHDHDBDBDBBSBS


I WANNA UNDRRSS HER AND PUMP HER WITH MY BWC TIL SHE CANT WALK STRAIGHT

Same here I hit my million and now IRS and charities are chasing me like rabbit!! A bunch of old friends hate me, but always what something. Still buy cheap shit but have to much of it!! Only thing makes me happy is alone time fucking off, day trading has become my drug!! Gone start taking trips to different places just to see and experience. Got start planning for a lot of free time and learning useful shit.$$$ makes you comfy but your possiens start owning you!!

>>27160592
I feel ya anon. I'm in the same neighborhood and feel like I need another 5x to feel truly comfortable. Most of my underwear is older than my appliances. That stingy behavior not liable to change for a few more x.

>>27160592
Getting rich is one thing, staying rich is another.
You don't stay rich by buying lambos and other faggy shit.

All you need is enough to buy a nice home and the rest you invest and live off the dividends.

>>27161150
Diversify that shit man. Boomer stocks, crypto and worst case shit hits the fan scenario where both of those drop to zero have some in physical metals like gold or silver as a SHTF insurance policy

>>27162693
This.
You realize, even with all the money in the world, happiness is still found within.

Helps to have a couple of bucks laying around though.

>>27160592
Anon you're based. Stay frugal. You can recognize value. Smart living is more luxurious than stupid luxus

You are going through the normal transition steps from consumerist poorfag pleb to rich. Being rich is a goal in itself. Having lots of money feels good. The end.

>>27161983

https://www.instagram.com/p/B685tQbnUS3/

0x0B3c8CC474bf13cCb50B80FCFB1F97dde8b7337c

>>27160592
It takes a while for your expenses to rise to your income if you're not really that sort of person. For example, I work in professional memery, and my income has gone like

>year 1: 45k a year, save 1k a month, shit apartment, shit furniture, spend little on grocery
>year 2: 55k a year, same as above
>year 3: 100k a year, takes about 6 months to move to a better apartment, expenses begin to creep in "Deal with problems for me" ways (e.g., maids, movers, food delivery, etc.) can save around 3-4k a month
>year 4: 200k a year. Same as above, but now also buying better furniture, cars, etc. Save around the same a month.
>year 5: 250k a month, start buying meme shit and boomer investments. Pretty much every dollar I get I spend on SOMETHING because why not.

Anyway, a big problem you might be having is the idea that this is a temporary windfall. Which is a good way of thinking, but it does keep you from enjoying money while you have it.

>>27160592
Careful Anon, we don't need another John Paul Getty.

>>27162189
Just get an NA miata. they can be had for $5k or less and will appreciate in value. Inexpensive to fix and drive. A lot better than public transport cuckery

I don't really care about the rich lifestyle, all I want is to make it to the point I can live comfily in a decent house without ever having to wageslave again

>>27160592
Money won't make you happy and neither will material things.

>>27160592
You can't buy anything with a million dollars today. That's the bare minimum price you'd have to pay for a modest house in a white middle class suburb with good schools. You need at least $2-3 million just to be able to live a basic middle class lifestyle without having to work.

ITT we laugh at crypto fags who gamble away their money instead of using a high-yield savings account like Marcus by Goldman Sachs.

>>27163420
>without ever having to wageslave again
why do you think bezos, musk, gates still do what they do?

>>27163420
Same bro but I’ve found that since making it I grew listless and aimless with wageslaving and my depression went through the roof just watching bullshit tv and posting online endlessly.
Make sure you either get a job you enjoy doing or some sort of physical hobby. Anything to stave off the depression and feeling like you’re not doing anything

>>27163621
you tell me

>>27163722
cause sitting around doing nothing is boring as batshit even if you're rich

>>27163708
I already have hobbies and passions, but they aren't reliable way of making money. So this is why I want to make it. So I can enjoy them without worrying if I will have enough to eat next week

>>27163831
If you feel bored/empty because you don't have Noseberg to tell you what to do you might be an actual NPC.

>>27163559
Yes and no. Money doesn't make you happy, but it definitely removes problems.
>mfw talking to a billionaire about daily life
>He has live in servants who constantly clean up after him, bring him things, prepare things before he wants them. E.g., he leaves his bedroom and the servant immediately changes the sheets and makes the bed.
>any service he wants comes to him. He can call someone to shave him, give him a haircut, give him head, etc.
>he can get the best of virtually anything he wants as he casually drops thousands of dollars on random lunches - he doesn't even know how much it costs because his servant pays for him
And yet
>He complains about how becoming a billionaire has made him extremely unhappy because now all he has to think about are the fundamental problems he has that money can't resolve

>>27164170
being poor doesn't make your emotional problems go away better than being a richfag
the only thing wagecuking does is numbing you and thinking you are doing fine jsut because you are trudging along with other broken normies

>>27163831
N
P
C

>>27164013
Based and I hope you make it

>>27164170
I feel like it’s best summarized as “Money can’t buy happiness, but it definitely makes it easier to find happiness. But too much money easily breeds unhappiness if you’re not careful.”

>>27164496
>if u have monies u cna be happy bu also maybe not

This is less a frugality thing and more having a bad relationship with money. If you've already done the math and know that, for example, you can spend $50/week on food and still meet your financial goals, then you shouldn't feel guilty about spending $5 on the nicest chocolate bar in the store.
Personally, I've cut out most of the unessential elements of my life (I don't own furniture, sleep on the floor, save 70% of my salary, etc) but that doesn't mean I'm an ascetic who is willing to sacrifice all happiness to save an extra $50 per year on things that would otherwise bring me joy. I'll buy expensive ingredients, or books, or vacations, because I've invested my time and energy into ensuring that those things will bring me joy. Find what makes you happy, build systems and structures to enable that while meeting your financial goals, and you'll spend the next 30 years feeling fulfilled instead of spending your entire life miserable just to be able to spend it at 65 when all of your life has passed you by and you're too old to do what you wanted to do in the first place.

>>27164410
Honestly, it's hard to say. The older I get the more I disagree with you; there is a certain solace in work, especially physical work. The problem is how does one get physical, rewarding work that manages to cover the daily problems of existence?

Did anyone at any time actually enjoy their work and have their work be truly rewarding?

>>27164644
>I sleep on the floor
Fucking weeb.

>>27164013
hedonism leads nowhere fren, at least start a business and have a purpose otherwise you're no different to a NEET on neetbux

>>27164170
>>27164496
No since the root is that happiness doesn't come with money, it helps but you can't buy it. If that was the case no rich would be depressed or sad ever and it would be impossible for the poor to find happiness.

It helps sure, no one will deny that and being poor will always be strictly better than being poor.

>>27165089
>being poor will always be strictly better than being poor.
Checkmate, capitalists.

>>27165218
Being rich* will always be strictly better than being poor

>>27162000
Tattoo. Fuck America

>>27165026
I never said I would stop doing things, all I said is that I don't want to wageslave ever again. (aka working for someone else)

>>27165439
You don’t need to be a master at something to make money doing it; common logical fallacy.

Think about skills like money. There comes a point where you’ve created a feedback loop of gains that perpetuate more gains: and when developing skills that point is when you make the leap to live/work solely with that skill. You get exponentially better very quickly because you’re now putting most of your time into developing that skill.

You can do it with anything you have a passion for, as long as you’re willing to work hard and create the best work you possibly can.

>>27165347
Fuck.

>>27160592
Buy land out in the countryside and build a self-sufficient homestead. Build something permanent out of cut stone. Turn your fiat into precious metals and tools, and then pass that wealth to your children so all they have to do is maintain the property and not be retards who blow all daddy's money on cocaine and hookers.
Build generational wealth my dude. Get into agriculture and build up local farms. Finance local farmers so that they don't need money from banks and only deal in hard metal backed trades. Also, fuck charging interest because usery is a sin punishable by stoning.

>>27160592
spending money won't make you happy
and buying llots of liabilities does not seem like a good idea