/biz/ - Business & Finance

>>28440240
are you humble bragging?

>>28440240
Invest it and become rich

>>28440240
something like half of Americans have less than $300 in their savings account...

>>28440240
>24
>-32k networtth

>>28440240
Damn that’s not good dude.

>>28441388
> 24
> 62k net worth

I feel great.

>25
>100k networth
>100k student debt
bros.....

>>28441524
>24
>-$60k net worth
WAGMI

you dont feel good? I'm 25 and I have a net worth of 0 because I'm in law school bro. you're doing fine. that is, assuming that's not all inheritance/ a car/shit and you're currently not a NEET.

>>28440240
>23
>0 net worth
It’s over for me

>23
>$5k net worth

>>28441610
pay off yer debt silly

>24
>270k Net Worth

I'm comfy

>26
>90K USDT

>26
>£45k

>>28441610
>100k networth
>100k student debt
So zero net worth?

>27
>123k net worth

lmao all these newfags falling for one of the weakest demoralizing thread bait i have ever seen

>31
>433k USD

>>28441610
So your networth is 100k then?

>>28440240
>24
>130k
Not bad but I could've had more

>>28440240
26 here and just cashed out my first mill. About to buy a lamborghini gallardo

>>28440240
>27
>15k net worth
i'm ngmi

>23
>1.2m Aud
I HATE THIS 7 FIGURE HELL I'M IN

>20.5
>stuck in 14-figure hell
Just kill me, I'm done putting up a fight.

>>28440240
Listen to any episode of the Ramsey Show podcast, it’ll make you feel better. The sheer amount of room temperature IQ people that exist in horrible financial states is absolutely shocking.

>Hi Dave, I’m a 37 year old social worker who is $450,000 in student loan debt. I haven’t paid anything since school because I believe the government will eventually wipe out student loan debt but the interest rates are scaring me into paying
>Uhh Hi Dave, I’ve been putting 100 dollars into a savings account for the past three years to save for my kid’s college. He goes next year and it’s way out of my budget. Should I take money out of my 401k?
>Hello Dave, I’m having trouble paying for hospital bills. I make $30k a year and have a car payment of $1100 a month. No, I don’t have a mortgage, I live with my disabled mother

>>28441874
Why not? 200k in the bank, 100k debt, 100k net worth
He didn't say anything inconsistent or mutually exclusive

>20
>$336k net worth
So much money I can just pay to fuck whores until I am ready to settle down. Stay mad, boomers.

>27
>$8k total worth
Feels great

>26
>$50k crypto
>$26k debt

Half of me wants to pay off all my debt, but then it feels like my life will be empty. I guess that's why people buy houses, building equity and shit.

>29
>3k worth
lmao

>>28440240
>21
>$35k net worth
it's over for me isn't it

Wow, a board of my peers. Anyone else start off on /b/ in the mid 2000s? This whole site is a shithole now

>19
>$125,000 networth
6 figure hell is real i dont feel too good bros

I wish I didn't spend every waking moment of my life thinking about money, but I also wish I wasn't poor.

12
4 million net worth.
my parents bought some bitcoin for me in 2012

It's a decent amount. You should make a spreadsheet to jot down your monthly expenses and how much you can save. From that calculate a good buffer and invest the rest. Having little means little gains (or bigger but at much more risk) but put it in perspective. A few thousand a year is still a few thousand extra you wouldn't have otherwise, and would likely cover some aspect of life, like food.

>>28442424
Yeah mid to late 2000's
Does that make us oldfags now, I guess so.

>>28440240
>almost 27
>70k
Kill me bros.

>>28440240
>24
>15k net worth
i dont feel so good bros.
the loans for nuc eng are gonna be a cunt.

>>28440240
With all this talk of hyperinflation, I feel like a net worth of $2M is poverty level. Ofcourse, I also live in CA.

>>28440240
19 12k am I doing okay it hurts so bad bros

>>28442145
25
2k
Ayy

>>28443206
move out of that libtard hippy dreadlocked bum town shithole.

>>28440240
>63
>8 mill net worth
>on 3rd marriage
I . . . don't feel so good lads

>>28441484
These statistics make no sense, they must include literal homeless people or something

>>28441424
You realized net worth =/= investable assets, right?

>>28442424
i think this board is mostly oldfags migrating from other boards to /biz/. no one just one day goes; 'mhm i want to discuss finance and business related topics with likeminded people' then goes to 4chan.

>>28443224
You're only 20 trades away, anon. You can make it.

>>28442424
also, it has always been a shithole

>>28443502
you sound like an out of touch trust fund baby

>>28442424
This>>28443672

I started on /b/ in '09, then migrated to /fit/, /k/, and eventually /biz/

>>28443672
that's exactly what I did in 2018

>>28443502
Bro most people live paycheck to paycheck.

400k at 27, unironically 6 fig-helled; can't pull out of my investments or work less than I do until my net worth is in the millions, so my life is virtually the same it was as when my nw was negligible

>>28442424
/v/ in 2007 or 08
>>28442960
feels weird man
>>28441424
r*ddit gme tourist

>31
>multi-mili
>live with parents because hate life

kinda wanna just die bros. feels bad.

>>28440240
>24
>82k net worth
Its not enough

>>28441610
>>100k student debt
Do Americans really?

>>28442424
I was a 2008 /b/ newfag
Best of times, this entire site got shittier but I can't blame moot or hiro. Social media and smartphones fucked us

>>28440240
Same
>>28441388
Op and I are retarded in many ways. I personally wasted time by going to college instead of focusing on crypto. I would have been retiree by now. I fell for the jew propaganda. Also, I lost a bitcoin trading during the bear market so I could have had 100k atm. I ALSO could have thrown in a piss poor 1k in the march crash when bitcoin was at 4k and have gotten .25btc every 4k move with a measly 1x long leverage position.
I am suicidal over my sheer stupidity (and the "hindsight is 20/20" bs doesn't fly. I am genuinely retarded).

So many in this thread are out of touch with reality. Any net worth above 50k is enough to live out your life. And that's being modest.

>>28441686
100%. Only chance is to throw in everything into bitcoin and 1x leverage/dca it in bybit (tb.h, That's a risky strategy, but that's what I'd do if I had 0 exposure).

21
$47k
bros... will I make it?

>>28440240
>30
>8 figure net worth
My life is shit besides the money, but probably because I haven't really put the money to use yet. I think I'll be truly happy in a couple of years.

>31
>networth 44k eur
>was NEET until 28.5 year old
>want to jackpot with /biz/ so I can stop working and go back to NEETing again

24
45k net worth.
Applying for entry level finance jobs.
Am I gonna make it bros

23
110k
Tryna make it

20
20k

not great, not terrible in eastern yurop

>>28444533
howd u do it anon

>>28445356
Started with crypto in 2013 and did really well, and still am for that matter. It's no secret that the more money you have, the more money you make, so since I haven't really taken out much throughout the years and enjoy making my portfolio grow, it's gotten to stupid amounts lately.

>26
>$120k net worth if you include retirement accounts

I just want to be able to retire early. I’m single for life so it will be difficult to buy a house without saving extremely aggressively.

>>28443672
this. started browsing /b/ around the brb church days, it ruined my life. Realized (too late) that this site made me depressed + weird af irl and basically quit. But, I’ve always checked biz religiously. i love this board man, this place saved my life during 2 years of unemployment. shilled pajeet and chink coins helped me afford rent and food. Really helped me pick myself up financially and emotionally after half my family and friends an heroed.

now that I’m old and at a cucked tech firm, /biz/ has the perfect level of good ol 4chan Jews did 9/11, nigs = black discussion...without totally blackpilling/depressing me to the point that I start calling my black boss a nog.

Anyways...
>28
>220k
>115k salary in a non-SWE role

Even though I know I’m doing well objectively compared to millenials, and 4-5 years ago me would be ecstatic with this....I still feel like I’m broke/nothing. Feels bad man.

>>28445744
Damn, thats unbelievable for crypto gains, how much did you start with?

>>28446094
$6000

>>28440240
>22
>53k net worth

27 with 22k net worth estimate, I'm ngmi.

>>28444169
Correction. You can't make over a 2x on a 1x leverage so you'd actually need to do a 2x leverage for this scenario

>no one here owns property with a mortgage

>>28446804
well duh, boomy, we're all waiting for the housing crash... Just gotta play the clock against boomer lifespans

>>28440240
37 oldfag 11k paid off house and wife and i both with newer vehicles in good shape and paid off
started playing crypto a few years back turned 18 bucks into thousand
WAGMI

>>28444836
Are you me?

>>28440240
>27
>half milly net worth
I have no idea what the fuck I'm doing.

>18
>stuck in 7 figure purgatory
go on without me bros................

>>28447472
>not retired by 37
NGMI

>>28446804
That's because your generation isn't dead yet, boomer

>25
>79k networth
>tfw this money is literally pointless because house prices are increasing faster than I can save
>tfw I don't want a fucking car or any toys. I just want a house
>tfw houses cost a whopping 500k in most places where I could find a job.

>>28448598
eh tradie, run my own shop, do shit when I want to. to each his own i guess

>>28446612
correction again. Nothing makes sense anymore

>>28447472
YGMI fren

>>28442424
>/b/ in 2009-10
left
>/x/ in 2014-15
>/pol/ 2015-17
>/lit/ 2016-18
>/biz/ 2019--
I'm not leaving til they shut this place down.
Next is /diy/ and returning to /fit/

How do you calculate net worth?

>>28444004
Yep same boat. Feels like nothing

>>28449403
Thanks Fren have a pepe

>43
>wife
>3kids
>22k net worth
>pretty good life tho

>29
>50k net worth, pretty much NEET until 2 months ago, had <10k a year ago
>europoor from belgium
>family well-off so pretty much guarantee i'll get a house, but it may take time
>not so worried, not so happy
>very good job prospects though and i like working

>>28440240
>30
>$3K

>>28450851
Stake a child for 43% returns

>27, engaged
>got a mortgage about a year ago
>still have student loans
>about $4k in savings, less than $1k in stocks

i need to make some big fucking changes soon

>>28451586
...at least your career is flourishing right? tell me you have a reasonably well paying job before getting married and "buying" a house.

>>28447049
You're an idiot, there will be no housing crash.

>>28442424
Old 4chan was literal edgy reddit

>>28444016
Retarded ones maybe. You can go to a uni in bumfuck nowhere & get a bachelor's for less than 10k. Most places just care that you have a degree, not where it came from.

>>28440240
>26
>1.5m nw
is this all there is to life? i just like seeing the number goes up. i don't spend any of my money because seeing the number goes down sucks. all of this feels really unfulfilling but is also simultaneously the only thing i enjoy.

red pill is money wont buy happiness, if you are a poor miserable dick you 'll probably be a rich miseeerable dick

>>28440240
>28
>500k net worth

Its fine I dont feel so good either.

>>28452133
yes, thank you for the insight you walgreens greeting card. money still makes life a lot easier.

>>28452133
I'd rather cry in a porsche than a camry tho

>tfw actually drive a camry

>>28440240
22
$0

>>28452133
AHAHAHAH THATS A GOOD ONE BUDDY NOW LET ME HAVE SOME DOSH

>31
>100k salary
>no debt
>80k net worth

i have wasted my money by just putting it int he bank instead of buying crypto

>>28442081
If you don't lie, which you probably do, at least about your age, then congrats, I live only around unsuccesful losers so if I had that kind of net worth I'd get stupid pussy without paying a dime.

>34
> 980k net worth

Six figure hell. Im going to hang myself from my high rise downtown condo. Im thinking about using my Tom Ford belt.

>>28452782
you are 20k away nikka wtf

>>28443502
Boomer

>>28443502
out of touch faggot

>>28440240
39
like 5k net worth, maybe.

>23
>£6k networth
Maybe it's the simple life for me haha....

>>28440240
>31
>~$140k net worth

Nowhere close to my father's income or net worth at this age.

>>28443502
im in LA and homeless people here have macbooks
fuck them all

>>28440240
50 many series of unfortunate event's do the math.

>>28442424
>/ic/ warrior 2013 onwards, putting in the grind getting good at art
>still fucking broke
>exactly as predicted
That board is probably tied with /biz/ for how much money you can save there by pirating, holy fuck there’s regularly $2000+ courses on very specialist topics ripped for free and anons will go out on a limb to buy, subscribe and share even the priciest content.

/ic/ can be a supremely based and very very emotionally charged board, as committing to an art career for most serious people is do or die. You have to YOLO your best years and swim upstream in an incredibly gatekept world that just wants to mollycoddle and trick you into mediocrity, so the anons there who are on the path are fucking mental, far more mental than ‘fit/izens and I salute them.

>23
>3k in debt

>35
>don't know net worth
>just pay mortgage and bills as they come in

35, net worth $350,000

Try graduating high school you fuckin scrubs

>22
>25k aud
0 a year ago

>>28454923

>28
>95k net worth
it's almost time for 6 fig hell

>>28440240
I am 24 and have around 12k net worth

eat shit nignog

>>28442024
The college one is easy to solve. I have young kids and I’m hesitant to put any money aside in a dedicated college fund for them. I can better support them in the future if my own financial situation is in great shape. There’s also absolutely no reason for them to go to a private college and pay $100k a year or whatever it will be when they are old enough. They can live at home and commute to a state college while working full time like I did.

>>28441610
>>28441720
Invest 100k, pay of student debt payments with dividends

>>28443968
Start some hobby fren, it helpes overcoming almost anything
Was depressed for 11 years, started cultivating mushrooms and my life has changed forever since then. Started to trade crypto to get like 3-4 grand in a year so I can finally bring that to life
Now I have a purpose in life, creating a mushroom urban farm and making my own hybrids
I tell this everyone here, just start growing something, watching some of your creatins grow and develop is one of the best things in life
Hobbies save lives

>32
>25k

save me

>>28441720
Do NOT pay off student loans early. It does NOT effect your credit score to have them as long as you're making payments, but your score WILL drop big time if you pay them off too early and don't have several years of credit history.

>20
>$250k

>>28440240
>18
>21k networth
I love my graphies

>>28440240
>23
>neet for 5 years
>50k ish networth

>>28440240
>21
> 70K

Do I have a chance in life

>>28441388
He’s not humblebragging he’s larping, this thread gets posted literally every day

>>28440240
>25
5k net worth
now that's pain.

>>28440240
>14
>300k
FUCKING KILL MEEEEEE

>>28457268
>They can live at home and commute to a state college while working full time like I did.
kek teach them to build brands and trade markets as early as 12-14 years old. they wont need any college

>>28440240
>24
>11k net worth
We mooning, boys

me 3 months ago >>28441914
me now >>28441726

>>28449542
Lit is sleeper best board

>>28441726
How?

>>28443902
are you me? Same, but 2012ish.

>>28459692
CS degree->FANG->all-in BTC@20k/ETH@600 3 months ago kek

>>28459692
all you had to do was buy Link
t.20 500k, still feel bad

>30
>5k nw
I got some fucking catching up to do brb

>34
>-$120,000 net worth
Please kill me.

>>28451688
we’ll see about that

29

literally December 2020 was the first month in my LIFE my net worth was positive. currently $2,000 ish positive.

chemical engineer. worked very hard. School and house and existing are just very expensive, and continuously plagued by mental health problems that cause me not to work ~every 2 years

30

190k

>>28440240
>23
>only $7k to my name
>no degree
>shit dead end job
Im fucked bros. Considering going all in on ropium.

>24
>70k
I want to make one millions of dollars

>>28459918
Based

>>28440240
>19
>$10k
I hate being poor.

thank you for participating in my research study everyone, your data will not be used against you in any way

>>28441635
I have like a $5k net worth, am 26 and in my last year of nursing school, then I get a life sentence of single mom’s and fags

>>28440240
>21
>45k net worth
>pension
>no bills
dont mean to brag or anything

>>28440240
could be worse. why don't you let dhedge manage those assets for you? defi stuff makes people's number go up usually

>>28440240
I feel you annon
There are kids out there who got into crypto as teenagers, I feel like a failure for spending my time on the internet like a moron

>>28461816

See>>28461191

I was worth negative dollars my whole life until 25. At 24 I was worth -16k. Get a full-time job in IT or something that pays well up front. Bust ass a few short years while investing and saving AND living cheap. Also try to avoid expensive women in that duration and expensive hobbies like sports cars. Don't forget why you're waging. This is the accumulation period, aka 1st century monk-mode in clown world.

When you make it you can start taking risky investments that can 2-100x. You will think differently about money and won't be as emotional with it. Never forget why you're working hard and don't take the ticket, you'll know what I mean when it happens to you.

Basically you need to leverage clown world in your favor.. the end goal is to make it so all your decisions are purely your own and not someone else's.

>>28440240
I have 32 with 40k, but a lot of that will go towards a house this year. Luckily i have a wife that can contribute as well. Beyond a mortgage payment in the future, i have no debt. It could be better, but Im doing better than others.

>28
>Negative net worth

>>28440240
>20
>150k net worth
My parents think I'm a failure and it's because I am

>>28440240
>Doesn't have negative net worth
Are you even American?

>27
>2 mil net worth

heh...........

>>28462921
Thanks fren.
I will respond to the following things you said.
>Expensive hobbies and women
I'm an all around loser so I don't really do much other than spend time on my pc. I'm about to get a 2-day forklift training so that I can get myself a job, it pays well, $3.3k per month, not bad for a wagie job. I got into crypto last year around in december, wanted to jump in on this back in 2017 but couldn't because I wasn't 18 yet.

It just hurts when I know that I will have to wagie for years until the next bullrun where I hope to at least make $100k. Thx for the hope you gave OP.

30 years old
$110k net worth, all invested besides $5k cash emergency fund

I feel very far behind

25
250k debt
1.5k in bank
300 invested
im fucked

>>28443502
YOU'RE OUT OF TOUCH
I'M OUTTA TOUCH

>>28440240
Average american is 60k in debt at your age.

Maybe you should get robbed a hundred grand to see what its like

theres a considerable amount of larping going on right now

>>28440240
>13
>40M net worth
You guys are funny

>25
>$750K CAD in TFSA
>$350K CAD in unregistered account
>$76K CAD in BTC

>>28440240
This is dumb but do I include whats in my 401K in my net worth?

>>28457268
It never ceases to amaze me how little regard americans have for the prospects of their own children. Most engineering and mathematical science degrees are full time jobs unto themselves (at a decent school at least). Why would you handicap their academic and career potential just to jerk off to your own sense of financial entitlement?

>>28463920
>spent time on pc

Information portal to the world, huge advantage if you use it right.

Great to hear that you have so much coming in at 19. You're already here, you're going to make it.

Buy the Coinbase IPO that is coming soon this year. Open a private investment account with a brokerage like Vanguard, it's free.

>>28440240
I know fren

>>28465132
this. i had a small scholarship and a part time job and an internship and invested during 2017 bull run, but without parents help id be in debt. dont underestimate the difference between an ivy league (or highly regarded private) and a state school (unless the state school is UCLA/UCB/UVA/UMich/UT)

>>28465737
hell if your kids go ivy they can become full-blown glowies/NWO upon graduation, granting your entire family immunity to the glowies/NWO

>24
>170k net worth
>91k salary WFH programming job
I'm such a fucking failiure

>>28451940
the problem is 1.5mil isn't shit faggot. get to 10 mil so you can stop caring.

>t. 26, $1mm nw

>>28441914
when i was 22 in late 2018 i lost 60k 70k in the cannabis crash n at the time had 110k, im up to 45k now with virgin galactic

>>28451424
inbest in revolver n one boolet

>>28453534
quit bitching, start making moves tea nigger

>>28441720
Student loan payments are frozen in the US, which is the only place he could accrue such student debt. Until nearly the end of the year. He should just invest in Rubic or ASKO and become rich

>>28442097
Totally manageable amount of debt to service if you have a decent job. The opportunity cost of cutting your crypto stack in half is staggering.

>>28440240
>25
>$52k
it's been a long time here, feels good to see I'm not alone

>>28454360
Dude just put all your energy into learning finance and investing, nail crypto this year, and then you have all the time and freedom in the world to make whatever you want.

>20
>$42k net worth
>up 6x my initial investment
>saltier than ever because all in alts while btc outperforming short-term
it's all so tiresome brehs

>>28440240
>30
>$2,500,000 net worth + NEET
>26
>-$20,000 net worth + wageslave
Yeah I bought ETH and LINK early, but it shows how much can change in just a few years

>>28440240
>26
>Roughly 30k networth after student debt
FeelsBadMan

>>28471038
I hope in 4 years I can get the same results, I can't imagine being in my 40's and enjoying wealth desu.

>>28440240
>24
>about $180 in my bank
>rent due

>>28440240
>25
>400kaud in crypto
>15k bank account
>75k salary a year
why do I work when I could just poopoo peepee

>>28471450
I quit work when I hit $300,000 and never looked back. I just treat crypto as my "job". It was like being reborn of 9 years of back to back wageslaving.

>>28471747
I'm tempted, until I hit 1 mill I'm just building linkden (((experience)))