/biz/ - Business & Finance

>>51155691
FUCK OFF AND KILL YOURSELF

>>51155691
After browsing /biz/ for a year.
To be fair 1m is still a substantial amount of money, but its not 'fuck you make it' money like it used to be.

I had 2.6m in October and felt poor, now I'm back to 600k and feel suicidal. Don't be greedy like me.

>>51155755
ignore biz basement dwellers. theyre so detached from reality that they cannot understand that many people would literally kill for 1M.

>>51155773
I have an addictive personality and love to gamble. The rush is like nothing else. Moreover, I couldn't care less what normies think is good - 1 million is still poverty tier.

>>51155691
1mil is enough to focus on doing what you want when you want, thats all you need

>>51155755
I wouldnt say 2.6m is greedy. Greedy is 100m. You need 10m minimum if you live in a first world country and want a family.

>>51155816
Agreed bro. I was actually aiming for 8 figs, but my timing got raped. Wasn't even using much leverage either.

>>51155816
>I wouldnt say 2.6m is greedy. Greedy is 100m. You need 10m minimum if you live in a first world country and want a family.
fucking idiot and detached from reality. tell me you work a minimum wage job and youre 23 without <-

>>51155849
I think ive seen your posts around. Just curious, was it all useless shitcoins that got you to 2.6m? Theres zero chance any of them will go back up again?

>>51155755
2.6m isn't a lot of money

This stupid meme made me hold instead of selling at $ 7M and now I'm down to $ 1.8M. All that "$ 5M is the new $ 1M", "You need at least 8 figs to retire" and other bs. Fuck you all.

>>51155897
Nah, the coins will recover, but I already accepted that my positioning sucked and I've moved on to more promising coins for the next cycle. I'm also planning to travel next month to take a long break from this piece of garbage market. I need to come back fresh and hungry rather than suicidal kek.

>>51155727
even in europe you get maximum 1 nice house, 1 car and 2 vacations for it

>>51156310
think all i would "need" is 2mil. Even at 1mil I could quit my job and continue current standard and cost of living. More accurately 750k would be just enough and I have a family. Live in major city in the south. I would keep working or time managing my assets and buying businesses. 1-2mil would change my life but not my standard of living really. Once I had 10 mil then things get interesting. 1 mil is certainly a lot of money but I guess its not a lot. if you thought you could fly on personal jets the rest of your life with it. 750k-1mil would give me fuck you I can quit this job money. Not that I necessarily would I'd probably get fired for being a dick though.

>>51155691
I want to move to the US and to get a green card as an unemployable autistic neet I'll need to invest $1M in their economy (EB5 visa)

$100K is a lot of money if you know how to handle it.

>>51155691
when i found out how much uncle my uncle had just to be living off 80k in dividends a year

>>51155691
When I realized any decent house cost 400k if you want to live in a wagie colony aka suburb, if you want a nice house with some property innawoods you’re looking at 500k MINIMUM. That and watching my grocery bill double and price of my hobby sky rocket since the Covid hoax. Doesn’t matter I’m making it regardless I create my own reality and I’m pumping my bags to 10 mill this bull run.

>>51155755
that still really godo. 600k to 2.6m is less than a 10x, you only need to 4x that.
most people here need a 1000x at least.

>>51156310
In Portugal you could get all that and still retire.
it's still a lot of money, if you don't pig out

>>51155691
When a 3 bedroom 1 bathroom in a decent neighborhood started costing 60% of it

>>51155773
It’s a lot of money in and of itself but you’re just able to afford less and less with it with each passing day.

>>51155691
it's enough to live comfortably for the rest of your life, but it's not enough to do whatever you want.
You start being rich when you have 50 to 100 million

>>51155691
When the university I attended in the 90’s cost $17.5k a year and is now $40k plus annually.

>>51155755
Same but 1.8 to 0.3

>>51155691
I retired when bitcoin hit 11k with like 200k worth. Never looked back

>>51162499
And how is that?

>>51155705
It isn't though. 1M today is like 100,000 in the 1970s. It's a comfortable upper-middle class amount, but not the indicator of wealth it used to be.

>>51155691
unironically when a decent house costs twice as much here

>>51155691
It is objectively a lot of money and more than enough to live off of if you're not a consoomer.

>>51155691

I will just post my pasta every time you make this thread:

> $1,200,000 to retire in boonies or slav country near sea. This is NOT making it, this is existing without waging. Any emergency will wreck this tier.

$200,000 new house and rusted out 1960 Camaro SS
OR $200,000 apartment in slav high rise in actual city
$40,000 a year "income" from invested mil.

This is also enough to start in any profession, if you are willing to take on the risk,

> $2,000,000 to retire as middle class

All invested to withdraw 4% post-inflation for $80,000* "income". Sufficient if you live alone. Tight for single-income family.

> $3,000,000 to safely retire as middle class

$80,000 "income" AND $500,000 to cover NEW middle class house near fly-over city, $500,000 as an emergency visit to the ER in the US if you get a papercut. If anyone poor ever gets to 3 mil, they should probably pull it and invest it safely. At that point, their future is secure barring any true black swans. Its enough to do whatever you want if you commit - become a surgeon, mathematician, researcher, pilot, start a small business, etc. Only a few hobbies are out of reach in terms of expenses, e.g. automotive racing.

>>51166179

> $10,000,000 is for (cheap) super cars, a (single) beachfront property, and living on a (lowest-paid) surgeon's "salary".

You can both support a family and "appear" wealthy (without risk) if you choose to do so. This is also the point where gold-diggers think you are "rich enough" even if you aren't living outside of your means. That is NOT the case @ 3 million. Note - still "only" $320,000 "income" if you want two mil to blow on luxuries. Most surgeons are at $600,000+ today.

Your son has a personal trainer and fucks a new girl every week in the hot tub. When he is 12, 16 year olds throw themselves at him. He crashes at least 3 Porsches before 20.

> $100,000,000 "hundie" is what the wealthy consider *(-ed, 20 years ago) a minimum to live a wealthy lifestyle.

This is true "make it" money. Private medical care, mansions, private schools, constant vacations, expensive hobbies, your kids getting out of jail with "Affluenza" defense for minor offenses like "killing four people while driving drunk" in the first world.


> 3 comma club

Islands, MIG-29s, start a PMC, start a space company, buy anything and anyone, run for Congress.

---

* $80,000 is used as "middle class income" as that's the low-end of what an engineer makes in a flyover state. That income is also realistic in trades and low-barrier-to-entry jobs like trucking, UPS delivery, garbage pick up, etc.

>>51155691
too late

>>51165929
dump it into eth when it hits low to mid 3, figs

>he hasn't heard of QYLD/XYLD/RYLD, JEPI, or DIVO
Off of a million, you can make 50k/year off of 1 million, and that sum will rise about 10-20% every year or so.

Or doing the yld's, you can make 120k/year, but with no guarantees of future growth

>>51155773
One would think normies wouldn't know how to get serious passive income off of $ million

>>51155959

Sorry man it's true.

I have 6 and don't feel like it's enough until it's 10.

>>51155773
1M is 600k after tax though, which is not even half a house.

When I hit that last year and felt nothing. Although I felt something when it crashed 90 percent kek

It's 10-20 years of money you can live off. If you're willing to take risks it can be self sufficient

>>51155691
Holy shit is the bullrun back? Those threads are my top indicators wait a sec

>>51155691
Well, I've always seen 1m as a lot of money cause it actually is a lot of money. Imagine how much return I'd have made if I staked such an amount with the ALBT ORE pool back then.

50m is the new 1m

>>51165959
Shut the FUCK up. $1m is 5+ years of HIGH salary, post-tax. That's not insignificant for anyone but the absurdly rich. An amount of money doesn't have to be literal generational wealth to be "a lot of money". These threads are fucking retarded. Even $100K today is a lot of money. There are very very few people who wouldn't be extremely pleased to be gifted $100K out of nowhere. That's a half a YEAR of work (or more) for a software engineer, doctor, or lawyer.

>>51155691

I hit 500k NW a year ago up to 550k now with this shitty bear market and realized even if I doubled my NW it wouldn’t make a difference in lifestyle

>>51155959

Deserve it for being low IQ. You could have put 7 into the S&P and hit 10 in less than half a decade

>>51155691
Maybe to you, because that amount will fucking do magic if staked through Spool, where the capital is properly managed across several yield generators.

>>51155691
7th grade, reading a quote from Marcus Crassus.
"If you cannot buy your own army, can you really be called rich?" Or something to that affect.

>>51169250
lmao at your bosses and the retards paying you for this shit. When will they learn that your carpet-bomb shilling only delegitimizes their shitty projects? I'm not buying railgun, I'm not buying HBAR, I'm not buying rebase lands, I'm not buying fucking spool.

When I had a million and still felt poor.

I would pay a million dollars to kill all frogposters