/biz/ - Business & Finance

>>55489308
$1000

As close to zero as you can. You should "cash out" of fiat, and put it into scarcer assets (Crypto, property, etc.).

>>55489308
6-12 months of expenses depending on dependants

>>55489308
~3 months

>>55489308
I have a few eth, more and more by the time is passing.

>>55489308
I have 7k dollarinos in savings and 3.2k in crypto. I also have a 420k mortgage and a 2019 Honda

I have 50k for what ever. Incase shit happens or I get a good slurp opportunity. Goal is a mil to live off interest.

$0

Can't catch me with that Jewish shit. I am unbanked, unvaxxed and uncut. If your local businesses don't accept cash, crypto or barter then they are government bootlickers which enjoy paying taxes and want to be controlled. I suggest moving to a better place which respects you and your autonomy.

>>55489482
So minus 400k

>>55489308
i want krystal to drink 2 litres of kvass and urinate on my torso

>>55489308
If you don’t have a few trillion, it’s over.

>>55489657
>trillion
you meant septillion, right?

>>55489308

I keep $1,000 in mine for any emergencies.

I have 15k in savings
14k in the stock market
6k in crypto
300k mortgage (on an apartment we rent out that mostly pays for itself ATM but with interest rates it's not going to for long) my wife's in 100k as part of her parents mortgage and were about to get another mortgage of 800k lol. Deeply deeply fucked. I only make 120k a year I'm going to die in debt. I got so depressed about it I bought lottery tickets today

>>55489835
>About to get another mortgage of 800k
Why lol

>>55489308
enough to have a toilet like this, or a japanese one maybe, at this point idk, I'm so focused on farming money that I'm not thinking about anything else but my OBAYC nfts

>>55489308
Money isn't dogshit$
=buy all stocks
the word inflation

Right now? Maybe ~£5K, just as a safety net. That said, if you're in the UK: keep your eyes peeled for a class-action against retail banks in the next couple of years. They're already getting hammered by the regulators for failing to pass savings onto customers, and if a Labour chancellor gets into power, they'll be tempted to go further than a rap on the knuckles.

>>55489308
Just enough to cover any emergency, however defined. That could be anything from a gasket blowing on your Prius, to being terminated for racism and sexual harassment at your wagie cagie.

Escape ID get

>>55489308
The more money you have there, to more money is created and pumped into real estate, with the ratio of 1:10. So having 1000$ there inflates housing prices by 10k $. The less you have there the better.

>>55489327
This. Cash is being devalued at 7-15% annually, COMOUNDED, if you hold a currency like the USD. So your money will lose about 99% of it's value in your lifetime.
If you hold weaker currencies like the Turkish Lira or Argentinuan peso, where the inflation is like 100%, then your money is losing half of its value in 12 months.

Scary shit. Convert all your assets to Bitcoin which is the strongest currency in the world.

>>55489308
As little as possible, the fractional reserves jew can fuck off and inflation still bites in my country.

>>55489653
>So minus 400k
No unless the house is worth zero

>>55489308
bare minimum for liquid cash
(fibonacci sequence) x100 for each year after age 16
>16 - 0$
>17 - 100$
>18 - 100$
>19 - 200$
>20 - 300$
>21 - 500$
>22 - 800$
>23 - 1300$
>24 - 2100$
>25 - 3400$
>26 - 5500$
>27 - 8900$
>28 - 14,400$
>29 - 23,300$
>30 - 37,700$
>31 - 61,000$
This is a rule of thumb to tell if you're making it or not. obviously teens and early 20s dont matter.

>>55489496
yeah 50k is comfy. I personally like just do 2 years of expenses saved, which is roughly $80k for me, rest is split 2-1 between crypto and fun/travel/games etc. Some might say it's too much saved that will devalue to inflation but it truly feels good knowing you can stop working for years if it came to it without selling any assets

>>55489308
80% of my funds are invested in multiple cryptos like Nxra, Trias, Qnt, Inj and others.

>>55489308
You need a $1000 emergency fund until you pay off your debt. Then after you pay it off make sure you have enough to cover 6 months of expenses.

>>55492918
Is someone could save $1000 plus six months expenses while paying off debt, they wouldnt need to take on the debt in the first fucking place you dumb egghead boomer retard

0

Credit card for emergencies and bills, pay off in full each money, money left over is invested.
I refuse to hold cash that only loses value by the second.

>>55492957
read his post again, moron.

>>55493094

>>55489496
Daily reminder that your $50K is worth 7-10% less in 12 months if you keep it in USD.
If you keep it in Bitcoin, over the past 6 years, you will be up on average 50% on the US dollar.

>>55492239
What a strange fucking mix of shitcoins.
I wouldn't be holding any shitcoins in 2023 now that the SEC is coming after them and Bitcoin going institutional.

>>55492977
Wise anon.
I do the same. Have a credit card with a $20,000 limit for emergencies, which I pay off every month.
All the money is deployed in BTC directly or BTC-exposed stocks like the NASDAQ miner Marathon Digital Assets.

>>55489308
$11,000 is in my CryptMI app for my day to day transaction.

if it's anything but $0 you are either poor, or rich. for anyone middle class, savings accounts are retarded. get investments and anything cash keep in a money market account. the tiny interest rate on a savings is not worth the inconvenience of not having direct access. keep $20k in checking, $20k in your safe, a few $100k in money market&tbills, the rest in investments.

>>55493610
>a few $100k in money market&tbills

Lmao, your outed yourself as a total brainlet. Imagine holding government debt that pays 2% for a 30-year term and is now worth nothing since interest rates went up, LMAO.

>>55489308
A savings account will only make your money depreciate in value. I earn some returns on sylo-wbtc and dai-eth parings in LM pool. The demand for this is more as people see it as an alternative to the traditional banking system

>>55489330
I'd say this is good if you have kids, which many of you do not.
>>55489327
This is very based and I did this before I had kids. Its about 10x more stressful after that unfortunately. It is however the fastest way to compound wealth.

>>55489308
1000usd in saving, 25k in blackswan.

>>55493995
Blackswan is the real McCoy. The AI trading bot's set to blow the lid off. The coin's just the tip, the tech underneath is the iceberg. Stage 4 release is gonna be seismic. With the GUI and telegram bot, any keyboard warrior can become a mogul. It's underpriced now, but that window's closing. The chunky dev and marketing wallets show they're in for the ride. Check out Blackswan before it rockets

>>55489308
holy fuck anjelica was so perfect

>>55493629
A T-Bill is 52 weeks or less maturity, not 30-years. If this isn't a troll post you should keep your cock holster shut when the adults are speaking.

>>55489326
>>55489327
>>55491058
the average of these. I just solded 2 BCH to have expense money. Otherwise I keep my accounts low and keep stacking crypto + PM.

>>55495669
You know I meant treasury bonds, ass-cock.

>>55489308
2.5k not more...just what you need to spend on your week

cyka blyat

>>55495860
Except he said t-bills, Cock-suck.

>>55495860
Anon, can you define duration for us?

>>55495871
damn gonna make a few of these with my own venmo or whatever code and start posting them all around town

>>55495852
Smart choice chad, I prefer to invest in real estate and viable VR tech like HTC headsets which I'm also using in my Holorid-ready Audi car. Only retarded faggots starch money in savings accounts.

I just put some in there every week so I have it in case shit

>>55489308
Why stash them in my savings account when I put them into index investment on AstraDao and earn passively from it? Traditional banks will offer you nothing and still your money for other things.

I have like $3000 in cash and a savings account but honestly the more I think about it, the more pointless it all is. I have a brokerage that gives me instant access to margin that I can withdraw as cash in about a day or two. So I don't see much point in having a savings account when I can just go to my brokerage and pull out cash for a low interest rate if I need to.
I think having some cash in small bills is great for odds and ends but I don't really do anything with a savings account as all my spare money goes into stocks/Bitcoin.

>>55489308
What's a savings account?

>>55489308
one years salary

Where do you store your money you're saving for a big purchase like a car or home? Bank seems like the most logical choice otherwise they'll be throwing you tax forms if say you save that $200k in cash or somewhere else and have to move it to the bank to do a wire transfer for the purchase. I'm not taking out credit like a retard.

Zero dollars, on average, different banks and such.... Saving accounts? Zero dollars on average....

It's fair to say that cash loses value via inflation but crypto can shit the bed at any moment, stocks have been volatile recently also. I'm 70% cash, 30% crypto but my cash is kept in my offset mortgage account so is working for me. Yeh there are probably some better ways to make it grow but being able to sleep at night is priceless.

>>55489308
Less than $1k. Invested in crypto buying ENS, ORE, SELF

>>55493187
Solid! personally I've been stacking up on BTC in my sylo wallet while it's down, I just don't wanna miss the next train.

>>55489327
>You should "cash out" of fiat
dumbest thing ive read all day. you might think you're smug, but you're just incapable of using proper terms