/biz/ - Business & Finance

>>30376814
Lol wtf no one has that let alone 5k in savings. They all runoff boomers credit card

>>30376878

i always thought this was just a meme

>>30376814
how can you look yourself in the mirror knowing you dont have ATLEAST 1 million..

>>30376917
Depends on country probably, in the US the default state is to be in a thousand dollars of debt

>>30376814
35 for men in the US.

>>30376917
It is not a meme but it should be. You need to be harder on yourself like in OP

>>30376917
no a big % people are horrible with money. think 1m is a little much for a 25yo but at least 50k to 150k is good, depending on standard of living in the area.

>>30376814
niqqa, if you live in the USA/Canada, debt is the default state. Having more than you owe places you a special category, you make the bankers and lenders shiver as they know your financial responsibility makes them impotent against you.

>>30376878
>>30376917
>>30376951
>>30377103
Most 25 year olds are not swimming in debt. 1 in 4 has over 50 thousand dollars, 1 in 10 25 year olds has over 110,000 dollars of assets.

If you consider that this is brought down HEAVILY by women, the unemployed, nonwhites etc, if you're white and 25 you should have somewhere near a million dollars in net worth.

>>30376951

interesting

>>30376814

there are only 46.8 million people on planet earth with a net worth of over 1m USD so calm down.

>>30376814

26 with 400k here, I can’t stop feeling like an underachiever in life

>>30376814

also black people are fucking retarded lmao. median black wealth is fucking 11 grand.

>>30376814
>most people my age
Most 25 years olds live in india. They are not millionaires. What does this statement even mean. Do you mean most 25 year olds in new york city? In san fransisco? Are you only talking about white people? Asians? Jews? What are you even talking about. Most 25 year olds are in debt, or dirt poor. It's not even close. Even the ones in big cities are poor. Where did you come up with this bizarre thought?

You clearly don't know how financially incompetent people are. I haven't met a single person under 30 who has more than 15k in their bank account. I'm 25 and sitting on 20k, it's genuinely embarrassing hearing how they have sub 1k, shits sad.

>>30376814

>most 25 year olds are millionaires

>>30377472
25 year olds in the United States

>>30377544
You might just be hanging around underachievers or maybe you're just younger than me, as you can see here >>30377199 it is a meme that most 25 year olds are dirt poor. 1 out of 100 of them have over 700k net worth. 1 out of 4 has more than 50k in assets with no debt.

>>30376951
>>30377296
Having CC debt does not by default mean you are poor.
CC debt as a result of mindless frivolous spending with no ability to pay it off is being poor.

>>30377689
Depending on the neighbourhood you grew up in and what school you went to, this actually is the reality for a lot of people.

>>30376814
Dude 80% of the country lives paycheck to paycheck. There are like a total of 1000 millionaires that are 25 in USA. This country is actually poor as fuck except for a relatively small amount of people.

>>30377728
How the FUCK are you 25 IN THE UNITED STATES OF AMERICA and not a millionaire? You should be fucking embarrassed.

>>30377434
jesus christ why did we ever use average

>>30377199
26 here 20k networth, glad to know I'll never stop being a disappointment.

>>30377296
>average credit card debt.
This is kind of a worthless statistic. I have like 5k+ in credit card debt every month. However, I pay it off every month. It doesn't mean I'm actually in debt. I never pay interest on it, and my net worth is around $2M. So, this statistic dosn't mean people are in debt. It really just means that people use credit cards to capture their expenses every month.

>>30376814
Troll thread

>>30377880
So you think america is less of a shithole because the rich people here are super rich kek

>>30377199
That table is absolute bullshit. Very few people have positive net worth in USA.

https://www.usatoday.com/story/money/personalfinance/2021/01/11/stimulus-pay-1-000-emergency-expenses/6601722002/

https://www.cnbc.com/2019/01/09/shutdown-highlights-that-4-in-5-us-workers-live-paycheck-to-paycheck.html

>>30377544
I love how financially incompetent people are. It allows me to live life on easy mode

>>30377939
what? I think its more a shithole because its hiding what the wealth of an "average" person is. The super rich is inflating those numbers.

>>30377941
anon, thats democrat propaganda to increase taxes.

guys I fear another 10 years on this downward trajectory and I will become a "loser"

>what are averages
>how are averages calculated

ddddooooOYYYYYY

>>30377199
>if you're white and 25 you should have somewhere near a million dollars in net worth.
I'd say 30 is a more reasonable benchmark. Consider most people don't really collect any salary until 22 (or later for successful law or med school grads), and counting inheritance is just unsporting.

>>30378121
If you compare yourself against the media, you are aspiring to mediocrity.

if you are over the age of 21 and don't even have $1m post covid inflation you are a loser sorry to burst your bubble. Cope by comparing yourself to third world niggers who earn $1 per week to make your $15 an hour wage seem lucrative

>>30377434
This is why i like using median rather than average. The rich really pull up the rest. Nearly a 5x difference from median to average. Even wirse among blacks, a 9x difference.

>>30377199
Post source or kys

>>30377728
>it is a meme that most 25 year olds are dirt poor.
>1 out of 100 of them have over 700k net worth.
Wtf. You are talking about the top 1%? Yes, it is still true that MOST are dirt poor.
>1 out of 4 has more than 50k in assets with no debt.
Again, this is the top 25%. This has nothing to do with MOST. MOST have less than 10k. 10k is dirt poor in the USA.

>>30377941
Why on earth do you trust benchmarks that include women, hispanics, and blacks?

You may as well bemoan the fact that 95% of children under 18 can't afford a mortgage payment.

>>30377199
Unless you are taking inheritance and trust funds into account, there is no way this is true, especially given the ridiculous amount of kids going to college and not having an actual job/income before at least 25-27.

>>30376814
at birth.

>>30378260
>to make your $15 an hour wage seem lucrative
You think we are lucky enough to earn that much? This isn't some first world Scandinavian country.

Comparing your dick size with others instead of finding the next 100x, ngmi.

>>30377350
And they are all Jewish

>>30376814
23-25

>>30378016
This.

You need to look at median net worth. Any one who talks about "average" net worth, is either full of shit, or stupid. The media and politicians uses, "average" as a disingenuous, and flat out deceptive, way to manipulate people's perceptions surrounding income inequality.

I always wonder what the motive is behind these fake "median wage" statistics are. Do they make the median low so that people can cope and for agendas like >>30378049 and to raise the minimum wage? Or do they make it high so that poorfags seethe and FOMO about stacking fake pieces of fucking paper?

>>30378665
They do it because half the population has a double digit IQ. That means newspapers and mass media deal with, effectively, fifth graders.

Fifth graders can understand "average". They don't understand "median".

>>30376951
It really isn't. That's just a lie that poors/failures/redditors tells themselves.

>>30376814
>I feel like most people my age are millionaires
Yeah, no one I know in person or online in the US is even close to a millionaire. In fact, they're mostly living paycheck to paycheck or in debt. Where are you getting this from?

>>30378016
that was my point. The average hides the actual numbers. I'm 29 and have only had mediocre jobs and I've probably got like...200k of net worth. For me to be above average is ridiculous

>>30379244
How?

This garbage thread again? Fuck off

>>30377199
>>30377728
You are literally retarded or must have no interactions with normal people if you believe this kek

>>30380965
It's true I don't get out much but I still don't see any reason to believe I'm wrong. The MEDIAN white male 25 year old is sitting on 100k.

>>30381071
Now take Jews out of that statistic.

>>30381136
I don’t think that changes much

>>30376814
if you don't have a couple billies by age 10 you might as well kys

>>30377199

>>30376814
0 years.
If you are not a millionaire at birth, it shows you are from inferior DNA and lineage.

My dad turns 48 this year and only within the last 2 years did he start making a lot of money. You just have to grind and you will succeed

on a similar note, is there a country on this planet that has no-poors allowed politics?
if I dont want to deal with poors ever again, what country can I move to? is it some rich arab shithole? switzerland? monaco? where?

>>30377199
>Most states don’t have special tax rates for capital gains. They’re taxed the same as ordinary income.
This, it's fucking over. I only have around 100k net-worth as a 25 year old and I feel like a complete failure.

ITT autistic faggots don't live in the real world

>>30376814
everyone will be a millionaire next year when hyperinflation hits and the global economy collapses

>>30376814
are u the guy with 222eth, im the guy with 224eth

>>30382689
Why do you say that?

>>30382725
I wish

>>30377199
this cant be taking debt into consideration, shit makes no sense. im the most well off of most people i know my age and im only like 25k in the green after debt not counting my 401k

>>30383059
It's "net" so it takes everything into account. The median student loan debt AT GRADUATION is only about 20,000 dollars, so you figure the 25-29 age group is about 2-6 years outside of graduating with a bachelor's, plus all of them that never went to college, and the numbers seem feasible.

How old are you? How much is in your 401k?

>>30376814
If this isn't a larp, and even if it is, you deserve to have your head caved in by a pack of niggers for being so fucking stupid.

>>30376814
You will always want more I think
>t. 500k net worth and still feel poor and embarrassed

>>30383232
>median student loan debt AT GRADUATION is only about 20,000 dollars
bullshit. median is 17k and it doesnt factor in graduation, source it.

>>30377886
Is having a balance that you pay off the same thing as "debt"? I feel like debt = a balance you don't pay off?

>>30376814
>I feel like most people my age are millionaires
a thread died for this

>>30383400
Only half (56%) of seniors even HAVE student loans upon graduating college, the other half doesn't even have loans to pay back when graduating. The average amount the 56% has to pay back at graduation is $28,000. The student loan problem is generally overblown. A lot of people in their 20s are making enormous amounts of money, you're probably younger than me so you're doing fine but I'm embarrassed by my lack of money. I'm way behind my peers.

https://studentloanhero.com/student-loan-debt-statistics/

>>30376814
Most people your age don't have over 500 dollars in the bank. If we're talking about the entire world, that figure is below 5.

>>30383038
>According to a report about US millionaire by age, the average age of US millionaires is 62 years old. About 38% of US millionaires are over 65 years of age. Only 1% are below 35.

If you are 25 and all of your friends are millionaires you must live in suburban Connecticut or something. This thread is full of shit.

>>30377839
lmao

>>30381136
>Jews
>White
lol

literally how

>>30383566
i can find conflicting data on this, i cant say which is right but i think 56% is wrong

https://www.marketplace.org/2019/09/30/70-of-college-students-graduate-with-debt-how-did-we-get-here/

in fact the source your link is supposed to site it from has a different number altogether at 62%
https://ticas.org/our-work/student-debt/

>>30383566
>A lot of people in their 20s are making enormous amounts of money
where the fuck is this happening?

>>30383866
Interest you retard

>>30376814
I’m 35 no car living with my dad no money and no fridge have to walk to get food everyday, so life isn’t that bad right?
bc1q9wklnld5yz9uyg3qnqqpt6tenwgwu3rux7sdc3 Fuck sake I could some help before I off myself

>>30384232
did they miss the get a job and pay your loan part of the orientation?

THAT’S THE END!!!
LMAO
I UNDERSTAND WHAT TO DO
YOU WILL STAY LOW ON THIS 4CH
JUL YIELDS ON JULSWAP
1900$ FROM 33000$ FOR A MONTH

>>30377199
You are misrepresenting this data
>Most 25 year olds are not swimming in debt. 1 in 4 has over 50 thousand dollars, 1 in 10 25 year olds has over 110,000 dollars of assets.
The sample group clearly indicates an average of 25-29 year olds. If you only sampled 25 year olds that amount is substantially smaller. Net worth is also a poor way of determining wealth as it includes illiquid assets that either don't substantiate real market value or would cost additional funds to make liquid. The real measure of tangible wealth is Land, precious metals, guns/ammo, crypto/stock, rare art, cash, in that order.

In my country (norway) the "requirement" for being a millionare (i.e owning a million of your countries currency) is ~9 times as easy as it is in the U.S. Most people over 40 are millionares here because they've paid down a large enough amount of their mortgage to have a net worth of a million NOK (Norske kroner)

So i'd say 45 for my country, and NEVER for the US because it's an insane expectation. I'm willing to bet that less than 1% of /biz/ are actually millionares if we're going by USD

>>30384775
>I'm willing to bet that less than 1% of /biz/ are actually millionares if we're going by USD

Newfags or oldfags? It's probably more like 5-10% if you're counting /biz/raelis who've been here more than two years.

>>30376814

If you haven't had at least 1 start up by 25 you are a failure.

>>30384775
do you euro retards actually call someone with 1mil nok but less than 1 mil usd a millionaire? wtf lmao

local currencies dont matter, unless they are stronger than dollar, in that case ofcourse you must make 1 million local currency, like in UK for example.

>>30384250
Time are tought anon and my heart goes out to you. May I offer you 1 XRP HAAAHAHAHAHH *INAHLES HAAAAAAAAAAAAAAAHAHAHAHAHAHHHA

Hey hey hey? Why the long face?! Thats suppose to be worth $2000 end of year. Look anon im offering 1 XRP but realistically why do you even need 0.5 XRP? Literally all I can spare you should be thankful!

This is really black pilling that married normalfags with kids are making an absolute killing

>>30384641
>precious metals, guns/ammo

Lmao.

>>30385215
Forgot pic

>>30377883
Lol 25 reporting in same here

You are not the money you make!

>>30385215
almost like the government wants their populace to reproduce. weird. what other country can we think of that literally pays you to fuck.

>>30377199
27 here with 110k$, good to know that only 10% of my age has only the same amount as me if i get this diagramm correct

>>30376814
The price of gas will tell you who is sitting on a stack of coins. The rest are just full of shit living on someone elses dime.

>>30376814
Imagine telling anyone.

>>30385222
You laugh but ammunition as a commodity has outperformed all others since the beginning of covid in the US. It stores virtually indefinitely, has worldwide recognized value, and is highly liquid and easily divisible.

>>30377839
>This country is actually poor as fuck except for a relatively small amount of people.
That’s most countries on earth

>>30377296
Averages with money are useless. One person with 200k in debt is skewing the avg. it should be median.

>>30376814
>>30376934
>>30377022
>>30377199
>>30377728
>>30377876
>>30378260
>>30378568
>>30383038
>>30383232
>>30383566
>>30385215
>>30385989

Oh look its another demoralization thread made by an autistic incel

most people your age can't scrape together a few hundred dollars for a car repair

if you're not a millionaire the day you're born to your billionaire parents your life is over

>>30376814
this entire thread is just subtle multi layerd humble bragging, stop lying to yourself, it's embarrassing, you think your the man so just admit that, female trait

1% of adults worldwide had a net worth of over us$1m in 2020.

8.2% of adults in the US had a net worth of over us$1m in 2020.

>Source: Credit Suisse Global Wealth Report 2020
>https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-report-2020-en.pdf

You're doing fine, op.

Ppl ITT saying that most 25 year olds are millionaires are most likely unemployed and living in their mom’s basement.

Biggest sell signal I've ever seen. Thanks.

>>30376814
Do you live in New York City with a highly Jewish social circle, by chance?
Normies out in the rest of the country view 1 million by 30 as crazy.

>>30388555

>>30376814
Fucking pathetic I became a millionaire at 24 and 3/4 and I ended up spending a big chunk of it on therapy/hospitals because I attempted suicide.
I was so embarrassed that it took me that long to become a millionaire. I honestly don’t even know how you haven’t ended your life yet op I can’t inagine being 25 and not a millionaire yet

>>30376814
40 in the west

>>30376814
you're either a millionaire or you're poor
staking models are really trying to help you out with that, sir. look at dhedge

>>30377941
When they factor in unlimited niggers the numbers get trashed, for whites and in the west if you aren’t at a ml net worth youve fucked up along the way

>>30377199
mfw 99 percentile

>>30386887
cringe

>>30380651
crypto. flipping stuff on ebay/scalping. manual labor here and there that pay well but is short-term. I've really just tried everything you can think of except having a good job kek

So we are having this thread every 2nd day now? It's not even remotely funny

>>30389671
I’m not trolling

>>30377883
I'm 26 at literally also have 20k networth.

Mate money isn't everything, be glad for what you have.
I have health, healthy family, decent looks, decent IQ, good EQ.
You probably have something that is good too.

Stop falling for this retard fucking b8 you stupid niggers

>>30376814
>almost 30
>roughly 165k net worth

and i feel like a failure in comparison to my friends

>>30389945
It’s not bait

>>30376814
West truly is forever fucked, isn't it

every single day this board is bombarded with "i am mid 20's and only have 700 hundred thousand networth" blatant demoralization psy op larps. nobody is buying this shit lmao

>>30390947
What is demoralizing about my thread?

>>30390977

>implying everyone 25 is a millionaire

your either high on crack or being paid too shill, either way, promptly neck yourself

>>30389945
EQ is fake and is just for coping normies trying to explain away their shit IQ and SAT scores

>>30391027
I don’t go out much, but that’s just what it seems like. Plus a lot of the data supports it, one in 10 25 year olds has at least 100k net worth (that they report), and considering a lot of younger guys are in crypto and that often doesn’t get reported, it’s somewhat reasonable. 1 in 100 has a reported net worth of 700k+

>>30377350
>only

If you have $1 Million USD you are basically broke, because that money is worthless, USD is funny money these days, the vast majority of it didn't even exist until the last 12 months, soon you will be paying $1 Billion USD just to pay for milk

No excuse not to be a millionaire after 20. For op maybe buy expensive things on loan to pretend that you made it to hide the shame

>>30376814
IF your goal is/ has been to /make it/ while you're young, then I'd say not being a millionaire at 30yo is pretty bad.

But if you plan on being a wagie for the rest of your life then your net worth isn't all that important. It's more important how much you make.
If a 27 medfag has a negative net woryh of $50k but will average $300k+/ year in the future, then he's doing pretty great.

Here’s a great article showing how bad the situation is if you’re NOT millionaire in 2021 (nobody is going to take you seriously):

> According to Spectrem Group’s Market Insights Report, in 2019, there were 9.8 million individuals with a net worth between $1 million and $5 million. There were 1.8 million individuals with net worth between $5 million and $25 million. Finally, 156,000 households (not individuals) had more than $25 million in net worth. In other words, there are roughly 11.8 million millionaires in America, making up roughly 3.5% of the population. This count is at a record high thanks to a long bull market in stocks, bonds, and real estate. I suspect the actual millionaire number is higher due to stealth wealth and plenty of unreported or underreported assets.

asd

>>30386978
>>30387829
>>30388157
>>30384775
>>30383595
>>30383676
>>30379176
>>30386887
> comparing yourself to sub 100 IQ NPC wagies
Pure fucking cope. Might as well compare yourself to Africans to feel better about yourself while you're at it.
Having $300k at 30 yo might be impressive when compared to an 80 IQ gorilla working at McDonald's. But it's not at all impressive if you compare it to what most 120+ IQ people who have focused on getting rich have at 30 yo.

>>30376814
I'd adjust the age along with the halvening date. for example, a 25 year old would have been in the work force for several years before the most recent btc halving, therefore would have had plenty of time to accumulate and shitcoin to an easy $1m from pre halving till now.
I made my first 2.3m at 25 following this strat but I'm not sure it's possible at this point in the cycle. Therefore I'd say 4 years from now after the next halving if you haven't already made it them you're doomed for good.

>>30391462
Autism Spectrum Disorder

>>30382475
Low key based

>>30376814
>25
> most are millionaire
Nah mate. Most 25 year olds have massive student debt.

>>30377806
>a lot of people

>>30376814
I'm from Australia. Literally everyone under 35 withdrew their superannuation money out as "emergency funds" during the start of COVID outbreak.

Luckily for me, I'm good at saving + didn't touch my super + still climbing the ladder of crypto gains.

There are people my age (27) that have maxed out credit cards, no savings, no super, and just enough money to buy food and live in their cars.

Shits fucked here. Especially with house pricing boom for the last 30 years.

Seeing the number of responses threads like this get reminds me how fucking stupid everyone on this board is

>35
>Haven't ascended
>Still a corporeal being

Embarrassing

>>30376814
I think you're a loser.

>>30393053
Fuck you bitch.

>>30376814
>most 25 year olds are millionaires

do you smoke crack?

>>30376998
>35 for men in the US.

Sounds about right. 30 is a bit early, maybe, but by 35 you're supposed to have figured out SOME way of winning. And have kids as well.

>>30390947
>waah waaah demoralization waaah psy ops
You could have bought BTC for 12k a year ago.
You could have bought ETH for $120 a year ago.
You could have bought LINK for $2 a year ago.

>>30376814
I'm 23 and only €50k net worth, so yes I'm a fucking embarrassment

LOL Im an unborn fetus and my networth is around 16 GORRILION Dollars. How can you only have 70k you utter LOSER

>>30394306
it"s only up from here

>>30376814
>25
>most people my age are millionaires
either this is bait or you are delusional
most 25 year olds have like $60k in student debt and a bank account with like $80 in it

>>30394306
My networth is actually all in jew soap and lampshades

>>30376814
Being rich should embarrass you more than being poor.

>>30394665
Your mother will die in her sleep tonight.

>>30393791
damn i just made it. became a millionaire at 35 this year thanks to the current crypto bull run

>>30377199
>30-34
>922445
I guess depending on how you calculate "net worth"

>35-39
>2307300
wtf. How the fuck is that even possible? that's like double.

>>30376814
What are you talking about most ppl don't even have shit in their savings account let alone cover a $500 expense

>>30379091
imagine if you studied economics for like 10mins and youd realize how off you are

24. Kek ur not gonna make it