/biz/ - Business & Finance

if you don't have 12k then 12k is a significant sum

>>28537033
life changing if you arent a worthless NEET

>>28537033
You really can’t even fathom how 12k is life changing money for some people? Literally like 60% of this country lives paycheck to paycheck. Stop trying to be edgy.

>>28537234
Maybe in south africa LMAO

dont laugh at the losers, we need them. otherwise we'd be losers.

>>28537033
I do not like the idea of women making any money especially from crypto.

>>28537555
>otherwise we'd be losers.
Oh anon, look where youre posting. You're definitely a loser

>>28537033
She will rope when btc reaches 200k top this bull run

>>28537555
> checked

>>28537203
>>28537195
Yes, but what can you afford with that?
How long are you able pay rent with that?

>>28537234
You really can’t even fathom that I'm serious?
>60% of this country lives paycheck to paycheck.
Wtf? Do they really? Can some US anon confirm?

>>28537555
I'm not laughing...

>life changing
She didn't have money for an abortion. Now that she has BTC she has the cash to change the life of her unborn fetus.

>>28537568
Based

>>28537764
>Yes, but what can you afford with that?
Its a nice safety net for a poor person.
Assume she can pay the rent, feed herself, entertain herself etc but still is only scraping by. $12k takes the pressure off and would be huge to someone like that.
Not all poor people are scum.

>>28537568
Man, fuuccckkk offfff
>I feel bad for your mom. I bet the majority of males in your family line were losers, drunks and deadbeats, and made life unbearable for the sorry women who were stupid enough to be with them.

>>28537568
I do not like the idea of women

>>28537764
yeah. Might actually be higher, depending on what you consider "paycheck-to-paycheck", and how the question is phrased.
https://www.cnbc.com/2020/12/11/majority-of-americans-are-living-paycheck-to-paycheck-since-covid-hit.html

>>28537616
>I'm a loser so everyone else on here must be too
I can give you a million reasons why I'm not a loser. I hate my life but I'm not a loser.
I've fucked more bitches than you, I have healthier relationships than you, my friends actually like me, I get invited to friends' weddings and parties, I'm in the best engineering school in my state. I have a girlfriend. Now tell me, tranny-faggot-ass-nigger, what makes anyone a loser for using this site?

>>28537033
It's a twitter thot OP, she's lying. It's second nature for them.

don't forget life changing tax to go with that life changing wealth!

>>28537033
12k can be life changing for a lot of people. It can get them a decent car when they had no car. It can push them over the top to be able to afford a down payment on a house. It can wipe away student debt.

>>28537033
She could afford to make a down payment on a car she cant afford, truly life changing money. My friend is a car salesman and he talks to me about how people come in looking for a $30k with no down payment and a 500 credit score.

>>28537234

I'm a Polefag and this is laughable money.

>>28538081
larp

>>28538270
It can pay for HRT and a down payment on a new vagina.

>>28537764
For most people, losing their job would mean bankruptcy within 30 days.

>>28537764
>Do they really
Yeah, most americans are unironically poor. No social net does that to you.

>>28538413
That too. Still not a woman though.

>>28538021
>However, it's not completely due to Covid-19.
>About 44% of respondents say they were living
>beyond their means before the pandemic started and
>two-thirds say they regret not having more emergency savings.
Sure, I see it right in front of my eyes. CC maxed out, newest iPhone, daily $tarbuck$, ...

>>28537033
Public housing is a cancer on society and the sooner we get rid of gibs for lazy niggers the better off we will all be.

What happens to normies when they sell out their gains, spend it on the same dumb shit that keeps them poor in the first place, then realize during tax season they owe thousands of dollars they don't have?
Does anyone know anybody in this situation?
I'm curious if this is going to be a mass redpill event or if they cuck out

>>28537616
i'm killing time before my dinner/drinking party shows up. i retired early so i have lots of time :)

>>28538554
I have a feeling a lot of normies don't even know they owe taxes on crypto gains and won't report it and won't even know they were supposed to.

>>28537764
$12k would pay my rent for a year
>t. Texan splitting a 2 car garage house with a friend

>>28537033
>>28537195
Yes, but making it means never working again

>>28537764
12k is about 6-7 months worth of rent for me. That is a pretty significant chunk of change, despite me not being a poorfag.

>>28537033
I'm not sure you grasp how desolate poorfags are. She might have had $2000 to start with and put like 20% of her mcwages into it every 2 weeks hence the dca mention. If she put up 5k in total that's easily 20k now. Maybe she even bought some shit like ada when it was super cheap and has 25k. Would 25k change my life? No. But it's just a matter of perspective.

>>28538691
why are you mutts so obsessed with taxes? what happens if you don't report them? are you being watched by the gov THAT much that you can't even evade 10k?

>>28539147
A lot of people would get away with it and not be audited. Banks report large irregular transactions to the government though, and if those transactions are absent from your yearly tax return, you may be audited.

The IRS misses a lot of stuff, but they also catch a lot of stuff. The government never tells you what you owe them, but they expect you to give them what you owe, and if you give the wrong amount, they rape you, if they know. The IRS want their funny money that they can just print more of, but they want it from you.

>>28537033
My friends live in Eastern Europe and the average job there pays like $350/month. So yes, $12k is life changing.

>>28537033
You have to understand that most normalfags are niggers who are up to their necks in ever-escalating debt. Having a net worth of zero is actually impressive by normalfag standards for these reasons. So yeah, just having a measly 12k for these people is a game changer. But of course, they just spend it on dumb shit and get into even more debt anyway, so there's that.

>>28538554
>tfw live in a country with 0% gains tax
>nocoiner
I seriously need to get waging fast, but I have to finish my master's first.

>>28539147
Because friend the IRS will fuck you, hard, and there will be no escape. Additionally if they audit you, YOU pay all of the fees and penalties. Disgusting organization.
It is also filled with shaniqua's that hate you and will have zero sympathy or incentive to overlook anything if your name is even remotely not black.

>>28537764
>60% of this country lives paycheck to paycheck
yes, US is cucked. we could spend all day talking about the factors that caused this to be the norm in the us. at the end of the day though, we both know it's (((bankers)))

Judging from this thread it looks like many people on /biz/ are just spoiled brats when they want the make money (seven figures, six figures is hell... right)...

>most people live check to check
>most people dont inherit money
>most people dont live with daddy/mommy
>most people dont get autismbucks


i have like 60k fiat that ive saved in the last 4 years and my friends think im "rich"
i don't have more because I'm a porn addict/alcoholic

>>28538081
what school

>>28538964
>Would 25k change my life?
It would change mine and I'm not even poor. I have no debt, a decent job and a good credit score, but I still live in a fucking apartment.
Having 25k would be a nice step towards a downpayment on a house. Not enough for the full 20% in my area but would take a huge chunk of years off trying to save that money myself.

Retarded larpers and NEETs here think because they lucked into a coin during a bull run and made 120% that they're financial geniuses and 5 figures isn't a lot. The real world is going to fuck their asses when they're finally forced to deal with it.

>>28537764
I can confirm that the majority of people in the US live paycheck to paycheck.

>>28539147
you will unironically get shot for not paying taxes in the US, that's what really holds up the value of the dollar (and it's starting to fall)

>>28540879
Technically Eric Gardner died over a confrontation by the state attempting to enforce a cigarettes' tax so yes while it sounds ridiculous it's true.

>>28540121
>that pic
lmao based as fuck (if real?)

>>28537033
Anil Dash is a perpetual loser

>>28537764
I get that you're trying to subtly brag that your parents are rich, which is super impressive, but you come across as retarded.

>>28537764
Practically every american, even ones you might think are "rich" live paycheck to paycheck.
I remember a conversation I had with the head of our IT department a few years ago where he remarked about this. I know he made well into 6 figure territory and it blew me away that even he was living paycheck to paycheck. He told me "well, I could live longer without a paycheck than a lot of people, but unless I can live for years without a paycheck then it's still living paycheck to paycheck".
He was right.

>>28539326
This is the thing i don't get. If the gov can run a deficit for years on end, racking up huge debt, literally print money out of thin air with a keypress, why the fuck do they need my 10k in taxes every year?

>>28538316
I have never understood buying a car you can't afford. I recently bought a $1200 car and I'm more than happy with it. It works, is cheap to drive, but doesn't have anything fancy. There is no way I would pay 30x for something shinier with same basic utility

>>28541361
You pay 10k in taxes every year?

>>28538336
>this is laughable money.
I'm from Germany and most people I know have sub 5k in their bank account and don't get paid enough to save anything. And this is with an average salary.

12k can buy a car, rent, food, child care, a PC, phone, laptop and still have fucking money left over you're retarded if you dont understand this

Can someone explain to me what people spend their money on?

I live off of 10,000 a year and my rent + bill is 700

>>28541036
It happened, but it's old.
>https://www.cnbc.com/2017/07/12/someone-held-up-a-buy-bitcoin-sign-during-yellens-testimony-to-congress.html

>>28541292
Nah, I'm just disgusting privileged white cis-scum.

>>28541331
>>28541853
Mortage and expensive (family) consooming life perhaps...

>>28541361
they actually make their wealth from confiscating your shit when you don't pay. Thy want you to mess up so they can take your house/land/car/gold/whatever to pay off your taxes

What is hilarious is seeing a normies reaction when they get upped a tax bracket and removed from gibs rights. Happened to a coworker and he started blaming the big bad orange man.

>>28541853
>Can someone explain to me what people spend their money on?
Car insurance, house repairs, gifts. But most people I know have children that pretty much take away every single cent of their savings.

>>28541806
>12k can buy ...
All that? Where? In Bangladesh?

>>28542193
>get upped a tax bracket
>now pay an extra 5% on the $500 above the bracket you now earn

Nice fake post retarded dipshit

>>28542228
Why the fuck do people have children when they're not financially stable?

>>28537033
what if she put 100k in

>>28537764
>60% of this country lives paycheck to paycheck
Texas here and probably true, at least 40%. We never actually recovered from 2008. My family's business went under due to clients declaring bankruptcy while owing us hundreds of thousands. Since then we've struggled for years for stability and home ownership.

>>28538081
you have to go back fucking norman

>>28541681
If you have job netting 50k a year you're paying over 10k in just income tax. Then you get sales tax, property tax, ect.

>>28537764
I could live off 12k for a year

>>28542273
>W-What do you mean you can buy a used car for under $8,000

>>28537033
But anon, BTC is going to do a 30x from 10k

90k seems pretty significant to me

>>28540178
UT austin

>>28537033
Most Americans literally don't have $1000 in the bank, not that unusual

>>28537764
That's a downpayment for a house in a non urbanized area of america.

>>28542374
You don't seem to get it. Living paycheck to paycheck IS "finanicially stable" to most people. As long as you don't accumulate debt, that's as far as they really care. They can afford to pay for a child. They won't have any money after, but that's enough for them.

>>28541361
to create the illusion that the dollar is scarce and worth something.

>>28537033
Ignore the wsb poorfags in this thread, you're right. if 12k is a life changing amount of money for you then you will be poor forever

>>28542929
I dun get eit

So who is to blame? Our jewish friends?

>>28543117
Are you retarded lol

>>28542540
>If you have job netting 50k a year you're paying over 10k in just income tax
You don't have a job that pays this much do you? If you did you would know that you don't pay 10k in taxes. Also, IRS cares about taxable income so what you net makes no difference.

You've never actually had a job, have you?

>>28543117
Do you really think financially stable means that you can save money each month? Most people are glad that they don't go into minus.

>>28538492
More like excessive consumption. Americans spend all their money on junk, then buy big houses to have more room to store their junk. They get big cars to drive to the store to buy more junk. They have a 2.5 or 3 car garage to have enough room for their car and their junk.

>>28543303
What about these two?
>>28538703
>>28542489

>>28538691
cashing out is a meme it's also valueless

>>28537033
Lol, someone grew up a spoiled faggot in the suburbs with boomer parents.
That's a lot of money to a lot of people; only a massive homosexual would make fun or look down on people bettering themselves.

>>28543238
>>28543276

>>28542506
I’ve been here longer than you. And I’m a fake normie bro. I can function really well in society but I get along better with the Autists on this board.

>>28539147
>are you being watched by the gov THAT much that you can't even evade 10k?
You have no fucking idea, do you? The IRS does not need to catch you now. Oh no, in fact it’s better for those cock suckers to wait. You see, they can look back on your wallet and the block chain and easily see when and what you bought, then when and what you sold.
>anon, looks like you missed paying us for internet money 4 years ago
>you still owe us, but now also interest and fines
So now those cocker suckers charge you more. And they dont care if you can’t pay. Got a job? They’ll garnish your wages and you can’t do anything about it. Own property? They’ll seize it. You can try to fight and they’ll take it by force or throw you in jail. You can not stop those fuckers. You do not piss with the IRS.

>>28541705
Groceries are getting more expensive, organic produce is super expensive. I am trying to save as much as I can and buy more Bitcoin. Fuck the world. Fuck Germany. I have given up on everything.

>>28543635
>hurr durr $5 is alot of money because starving children in Africa can live 10 years off it!!
Cope harder poorfag. Imagine unironically comparing yourself to random dumb fucks with credit card debt and 1k to their name at age 30

>>28543635
>Lol, someone grew up a spoiled faggot in the suburbs with boomer parents.
Who?

>That's a lot of money to a lot of people
Yes, that's what I found out. /biz/ fucks up your optics if you aren't from US >>28540121

>>28537234
>Literally like 60% of this country lives paycheck to paycheck
how is this even possible

>>28544565
Germany is extremely comfy if you like wagecucking though. Most people seem to be contempt with it. In fact I don't know anyone who actually invested in anything.

>>28537568
don't worry, most are too emotional. Just wait till the next crash happens.

>>28537033
anyone content with $12k will never make it, regardless of how poor they are starting out. $12k is nothing. if you're broke as fuck and work your way up to $12k and stop there you already lost. she doesnt seem like she is stopping there though so good for her.
she's a man btw

Most people have never even seen 5k in their bank account.
Hell most people don't have 400 for an emergency.
12k for people who have never been there seems like all the money in the world when they first see it.
Then you buy something and you realize it's actually fucking nothing.

>>28541705
I've heard Germany is fucked. I make about 85k as a sysadmin here(US, 6 years exp), in Germany I've heard that I would basically make half of that before your faggot 35% tax. Idk how you guys survive.

>>28537568
Based

>>28538553
Agreed and getting rid of niggers altogether is the best option

>>28542389
Then she wasn't a poor fag, so it isn't life changing money anyways.

>>28545088
>I've heard Germany is fucked. I make about 85k as a sysadmin here(US, 6 years exp), in Germany I've heard that I would basically make half of that before your faggot 35% tax. Idk how you guys survive.
They just worship muslims and turks, its like a national religion over there

>>28539326
>>28539664
>>28540879
>>28544123
Holy fuck guys wtf, you ARE literally in an Orwellian distopy, had no idea you had it that bad. Good luck and try to leave to greener grasses after you make it I guess.

>>28545088
I think they have gibs, basically a socialist state.

Recently hit about 12k in savings via normie means. Can confirm having even a small amount of financial independence really changes things, and not just in that 'sleep easier with less financial stress' sense. Buying shit in bulk compounds the savings which was never an option before. I couldn't even consider investing in crypto because to lose it would mean way more than it does now. I get that you only lose if you sell but if you have to sell to make the rent...

>>28537764
USA has a bunch of billionaires and millionaires, but also a god awful amount of unintelligent people that dont know how to save or invest. They make shitty financial decisions. I blame lack of good education.

>>28539326
Why would you make large irregular transactions on your everyday bank account? Why even make them in the US?

Every half-decent bank on the planet can offer you a dollar account with a generic debit card that works in any store, restaurant, whatever on the planet that accepts credit cards. Except in Japan. But fuck Japan.

>>28545597
Yep, and it’s coming for you too. You don’t think the (((world bank))) and (((IMF))) don’t have plans for the same world wide? We are not supposed to make it and they will do everything to stop it. We get little wins to keep the machine moving but nothing to really liberate society. I never used to think like this. I believed in the dream. But I’ve seen enough to know everything is stacked against the “common man”

>>28547587
Dumb goy is a good thing for those billionaires and millionaires.
So nothing is probably going to change in foreseeable future, is it?

>>28544817
Actual poverty, retards who live beyond their means, and debt