/biz/ - Business & Finance

>>55461951
100,000 dollars is enough to stop working retarded mutt

1 million into Junk Bond ETF = free 70k per year now

>>55461967
Not even in second world shitholes is $100k enough now
Not in eastern europe, not in SEA, not in south america, only in subsaharian africa maybe

>>55461984
ye I was joking about 100k but a million is more than enough for some European countries. A minimum wage wagie in my country doesn't even earn a million after a lifetime of work kek

>>55461984
Calm down son. Panic skews your perspective. It really doesn't matter how much is needed to retire because you can make whatever amount you want.

>>55461998

>>55461984
$150k seems to be the bare minimum. Which means that for frugal autists $100k might actually work.

>>55461951
If you swap those million dollars to bitcoin today, without a doubt, it's enough.

i think its more than enough if you can keep a cheap lifestyle. share rent with someone else if possible

>>55461951
For me, I've realized the amount is 2.5 million (assuming inflation stays same or declines). I've been a poorfag my whole adult life. Even now in 2023 I have no problem surviving on less than 40k per year. If I had 2.5 million, I could maintain my current lifestyle until my 80s or 90s

>>55462205
>assuming inflation stays same or declines
don't forget property taxes

>>55461951
1 million is more than enough to stop working.

All you need is the money equivalent of like 10 years of waging. If you can't figure shit out in 10 damn years, then might as well go back to minimum wage

>>55461951
maybe not but it is certainly enough to stop working for other people / corporations if that is appealing to you

>>55461967
based
>>55461951
cringetopia

>>55461951
So get 3 million?
If you can get 1, you have the ability to do it multiple times.
First one is the hardest.

>>55462095
>retire in pakistan

lmao

>>55461951
it's enough money to start a business doing what you want to do though

>quit job at 35
>enjoy yourself until 55 or whenever your body starts to break down
>an hero
This is the best financial strategy these days

>>55461951
I remember being 16

In all seriousness, how much would i get in America with boomer savings accounts if i decided to throw/save $150k?

I live in Canada, I'm 33, and my net worth is 65k.
I did the math and if I keep at my current job for the next 30 years (accounting for raises and inflation), my NPV is merely $600k

>>55461951
It is though. You only need to make an annual +15% on the crypto- or stock market. That’s stupid easy even in this supposedly crab market.

>>55461982
Anon I...
You do realize that they're junk bonds because they are likely to fail, right?

>>55462095
Can someone explain to me how retiring in Canada, which has a higher cost of living than America, plus any non-preferential treatment that comes with your social security/pension and taxes, is 20% cheaper than retiring in America?

just as an example to see how they might have come up with these numbers

>>55461951
250k for a house in the countryside.
50k liquid emergency fund.
700k in a boomer index fund at 6-8% yearly passive income (42-56k yearly income, some of which you'll reinvest).

Not only it's enough to survive, it's enough to live middle class and to keep increasing your nest egg.

>>55461951
$10 million is the new $1 million

>>55463277
>Not becoming a wealthy Islamic Warlord with 14 wives

NGMI

>>55463551
More than likely they have a better pension system unlike the social security system which is literally run by diversity hire niggers who are bad at math

>>55461951
Just imagine, anon! Allocating a portion of that 1 million dollars into peaqnetwork, where they're tokenizing Tesla cars for user sharing. These are the first Teslas on DePIN, showing off their epic web3 readiness the gains are waiting.

500k house
500k until retirement age

Average salary let's say 40k a year

40 X 25 years =1 million

If you can't live off 1 million (which will take you a lifetime to work towards anyway) then youre stupid

>>55462205
Dude I literally survive on fuckin 18000 dollars a year. 1500 a month.

>>55461982
>Junk Bond ETF
>Junk
>Synonyms for junk: trash, rubbish, debris, rubble
That 1 million will melt into 500k really quickly with a black swan event

>>55461951
It's enough money to stop working for 30 years at the lowest and if you have no rent/mortgage then it's enough money for 50 years at the highest.

>>55462095
that charts for actual retirement retard not retire early and live a normal life for young people

>>55461951
No, 2.5 million is about right.

>>55463553
>700k in a boomer index fund at 6-8% yearly passive income

Does index fund guarantee 6 or 8%?

cause ive been in my index fund for 3 years and am finally at break even

was down 1.6% last year

>>55461951
>isn't enough money to stop working
Even so, 1 million USD will still put you in a comfy position, stick that in VOO and you are getting 15k a year in qualified dividends on top of whatever your make in your occupation. 1 million USD is a very nice windfall to start snowballing your portfolio.

Not even gonna lie if I had 200k in my brokerage account I would quit my job and go do shit I actually like like flipping books on eBay and bullshit jobs working 1-2 days a week. I’m so tired of the grind and overtime

>>55466933
I'd just coast off of it for 30 to 50 years before I ever give it to somebody to do busy work. I may probably look for work anyways since 30 to 50 years worth of time is not enough.

But at least I could part time and quit at my leisure. I could actually gain a wealth of experience since getting a job typically doesn't cost money unless they're a scam. Fast food is kind of like that. A scam people can eat. Provides nothing of value nutritionally while their employees get ripped off the most for their time.

>>55465818
It also leaves out most of the cheapest places to retire in.

Dude LMAO yes $1m is enough to live the rest of your life off of. You need to get into dividend stocks. This lump sum mindset is broken retardation 3% is 30k a year. That's a ton of money when you don't have bills. Go buy a cheap car for a few thousand and a cheap house for like $100k.

Alternatively turn that $1m into three home purchases and collect $3k-6k a month right now. That's more than enough money to live off of extremely comfortably anywhere that isn't a liberal infested troon shit hole. Go live in Concordia Kansas and run rent in Wichita or that military base to the east.

>>55462095
Egypt no longer counts.
It has been building a huge modern city in the north thanks to japanese funding.
If you want to retire for cheap you would have to live in the sudan nigger south.

>>55461951

You arent thinking of money correctly. 1 million dollars in your 20s, invested, will compound and grow to ridiculous amounts by your 50s, not even considering dividend payouts if you go that route. Having that much money in the market would mean you could work any shitty, easy job that just covers your bills (go be a barista or something) and have never have to worry about financial security again. hell you could probably retire in your 40s if you put it in the market early enough

Can you buy multiple lambos and endless hookers on 1 mil? No, but you will live an easy & stress free life if that is what you desire

>>55467431
>buy a cheap house for like $100k
>turn that $1m into three home purchases
What year are you living in?
>This lump sum mindset is broken retardation 3% is 30k a year
You can get 4.2% from a 5 year treasury note right now

>>55467473
Might be worth the price though. A beach villa in Alexandria would be cool, and I’ve seen New Cairo which is far more beautiful than any subhuman american suburb

>>55467431
>dividend stocks.
What are some good dividend etfs? Not a fan of holding individual stocks.

>>55461951

portugal has a "passive income" visa that requires you to demonstrate passive income fit to live in the country and cover your expenses

The amount is something like 9500 euros a year. You can get that easily, the cheapest way I can think of would be 5500 shares of qyld, which would currently run you about 9300 dollars.

>"the passive income they quote isn't enough to live in the country"
maybe not in a city, but go give it a try. Even their tourist trap cities are significantly less expensive than most places in teh US.
All this to say, moves exist at the 1 million dollar price point and below it. You just gotta not be a puss

>>55467829
*run you about 93000 dollars

>>55467475
Invested into what? I only pick stocks and do crypto cause poor. What are some less risky options made viable with a million dollars?

>>55467829
I've been eyeballing Portugal as a possible retreat from the US after the next bull cycle. From what I've researched so far, it seems like a fair deal for being able to stay in Europe instead of settling for some Caribbean or Asian backwater.

$1 million is enough to stop working if you live within the means of $1 million. Either live in a trailer in the 1st world, or move to a small house in the 3rd world. If you can spend $100k or less to buy whatever you live in you could conservatively draw $30k a year until the account goes to 0 in about 30 years. If you get a cozy seasonal job you can still soft retire.

Personally I would rather not live like that so unless I make hella bank I will prolly be working until I'm old.

>>55463430
You guys are fucking retards if you think 15% every year is easy

>>55467473
If it's so cheap, how come the locals can't afford it?

>>55467473
I'm just saying, you actually consider them a local worth retiring into and if they're the cheapest, naturally locals would be buying up the demand. So why can't they afford it? The work not pay enough?

I didn't know slavers came from nomadic people

If you can't bare minimum earn 8% on that million, then you don't deserve passive income. Back to the cage

>>55462095
>Retiring in Switzerland with only 830k.
Lol, lmao even.

>>55461951
1 million dollars is several times the amount of money you need to be your own boss or even live cheap, put in some ETFs, and play vidya all day. actually you could even buy a sick car and go drive the gumball 3000 or even do a cannonball run attempt

>>55469190
kys

>>55467829
there are places in southern europe where you can buy entire villages for a few thousand dollars.

>>55469296
Literally just stop consuming. Drive the used Camry and cancel your Blacked subscription. It's that easy.

>>55469352
You're telling me I have to bust my ass to make a million dollars just so I can live like a nigger on welfare?

10k to me is life changing money.

>>55463430
Based plan but you could make so much more anon. My move would be on passive income streams like the Brillion LM pool on alliance block defi terminal to keep the gains rolling in.

>>55469563
Why would you do with that money

>>55462291
In some states you dont pay property taxes after 50 I think

Doesn’t Amazon divvies pay like 3% quarterly? That’s 120K a year… You can live like a local king in some rural area off of that.

>>55466870
What is pic from?

>>55461951
its not enough to stop working in your 20's or 30's but its also a lump sum that, if invested even half-reasonably, gives you a gargantuan head start/leg up vs 99% of others out there

stop thinking like a stupid fucking nigger

>>55469563
No way I'm satisfying with that, gonna print money with QANX soon as the launch of private blockchain is around the corner.
I hold 5k worth of tokens, atlest I'll make 5 to 10x in the upcoming bullrun.

>>55467987
Jesus I was high I did the math super wrong in my head. If you have $1M, spend around $300k on a house outright, with the remaining $700k you can make more than $40k a year minimum for 40 years from a 50/50 bond/equity portfolio and not have a housing expense. That's as conservative as it gets just about. If your risk tolerance allows for it you can push the boundaries to get a cheaper house, higher annual yield (all equities portfolio), or work an extra job. All im saying is if you give me $1M I could find a way to never work again.

>>55461951
Just give me 6k so I can buy a shitbox. I’m sick of having mommy and daddy drive me everywhere, I’m 24 years old for the love of god

>>55461951
Truth is you need like 10M to retire unless you move to a shit tier shithole like Thailand or Philippines or Vietnam where life is shit and not worth living

>>55469955
>this dumb nigger thinks AMZN pays a 12% divvy

>>55467848

any fund that tracks the market with minimal expenses. VTI or equivalent are go-tos

you dont need anything fancy with that amount of capital. the 8% YoY gains compounded will be more than enough to fund any kind of cushy neet retirement

can play around with dividend portfolio too if rather an ongoing income from your investments vs a huge lump sum sitting for drawdown in retirement

>>55470844

smart thinking actually to buy the house in cash and eliminate housing expenses permanently, would free up whatever income you have to either further invest or enjoy life more

1mil lump sum is ezmode if you have even 2 brain cells to rub together

>>55461951
So that's where my red tie went... Give it back.

>>55472148
* steals another one of your ties *

>>55470844
Properties require maintenence. Also paying city rates for water, rubbish collection etc.

>>55468243
You are if you think that's hard
Picrel identify trends and follow them
>Everything trends down in a bear market e.g. 2022
Energy?

>>55467475
>easy
>barista

>>55469896
Not anon but I would pay my employees and double my income with 8k. It's life changing money to me and many around me.

Hm... perhaps you're coming to the realization that wasting your life being a Mammonite is fruitless? Perhaps you've realized the only option for a cherished lifespan in this rotten society is to lie flat? Mayhaps you've come to the conclusion that money is illusory and weak, and that you should spend your days on things that matter more?
Probably not. Hahahahahahahaha!

>>55472448
>lie flat
Chink thing