/biz/ - Business & Finance

>>55567387
>24
>just hit 2y working at fortune 100 company. Cloudfag engineer
>98k salary (110ish with bonus + other shit)
>i work aprox. 3hrs a week
>150k NW
>white, 7/10 looks 5’7, KHV.
Im ngmi

>>55567387
Maybe in the usa
In europe the system is not made to reward hard work
Ive got told that as child so i never worked or tried hard anywhere

>>55567446
absolutely based, anon. I wish you the best of luck. Imagine where you'll be in 10 years. all without having to sink all your hopes and dreams into dog coins. By all means, gamble on crypto and take risks, but it must feel amazing to know that you aren't 100% dependent on some random coin doing a 10000x.

>>55567387
what you fail to understand nigger is that this is a shit tier outcome. this is literally pleb tier. you will never ever get to $20m+ with your shitty "advice".

to get actual wealth you have to move out on the risk curve.

>>55567466
>Imagine where you'll be in 10 years
>"bro just wait a whole decade bro trust me bro the upper-middle class is great bro"

>>55567475
yes, and you can afford bigger risk when you have a good stable job and income stream. and you can use your connections, experiences, and knowledge to make much more calculated risks like becoming a consultant, pursuing exec positions, or opening up your own company.
This is all well known and established. Look at the majority of CEO's and execs in most companies. they're not some 18 year old start up noob, they're highly educated and accomplished leaders in the industry.
but yeah, go ahead, just gamble on ICP lol

>>55567481
>bro trust me bro, just live in your moms basement until your 30 and chainlink will surely go to $1000, bro just me, you don't need a job, just shit post on telegram until your dog coin does a 1000x, its literally the next shib bro

>>55567387
Literally midwit tier post your boomer advice doesn’t work anymore fuck off to r/eddit

>>55567505
>making a lot of money and investing the majority of it into index funds doesnt work
?

>>55567387
Sounds like advice from my mom

>"Just get a better job that pays more money!"

even if it were this simple (it's not) my life is still delayed due to crippling student loans and inflation

>>55567514
How old are you please tell me. Only boomers can be this retarded

>>55567528
your mom isnt wrong. If you could level up your income, you could double down on student loan payments.

>>55567387
Only works in the land of milk and honey called USA
I live in Germany and did everything right and now I’m getting tax-raped to death

>>55567536
old enough to have graduated college during the 2008 financial crisis and STILL doing well for myself. But youre right, working hard, making good money, and investing is totally a dead end. No way it could possible work. Keep telling yourself the only option is to gamble on crypto.

>>55567540
Shut the fuck up boomer the entire game had changed rent isn’t 800 and purchasing power is degraded more and more every year a le good job and le index funds wont do shit

>>55567485
>>55567493

1. why are you assuming that the only two options are shitcoin trading or wagecucking?
2. shitcoin trading has better rr than wagecucking

i got to 7 figs in '17 and 8 figs in '21. im also probably younger than every single one of your "successful" friends. there are very few +ev moves better than participating in the unregulated anarcho ecosystem of crypto where money is constantly flying around. i couldn't tell you what is more +ev, but it certainly isn't wagecucking for 10 years in some trad job so you can eventually gun for an "exec position" (which at MOST will pay $2m a year).

you're a loser with a low risk tolerance. low thumos.

>>55567551
Whoah so you got into the work force when everything was dirt cheap and inflation wasn’t out of control yet fucking boomers and their lack of self reflection

>>55567582
>I went to the casino and won the jackpot, why would anyone become a doctor or lawyer?
if you think your success in crypto is due to your ingenuity and intelligence, and not the volatile nature oft the market, then I have a bridge to sell you.

my point still stands. For most people. the easiest and most sure fire way to safetly built wealth is to work hard, built capital, and invest wisely.

>>55567584
yeah, and when jobs didnt exist and the world economy was crumbling. but yeah bro, everything else was fine other than that.

>bot can't even greentext or reply properly

>>55567904
A bot made this post.

>>55567387
>bought house pre-2015 before real estate shit went bonkers
>just get a le stem degree
mfw

>>55569030
Real estate is perfectly in line with inflation. Your wages aren't growing with it? Figure out how to solve that problem. You can't control inflation, the only thing you can control is how you react to it.

>>55569141
OK, bot

>>55567493
XRP, bro
KEK

>>55567582
So what's the next big move ?

> As an older millennial

Easy enough for you to say when you were literally the last of those who could get into the real estate market before the covid boom.

If you didn't get in before the covid boom, you're straight out of luck.

The boomer formula to success is no longer applicable in today's world.

Yes, this is how it actually works. It really isn't hard... I got started too late at 30 though.

>>55567387
Can confirm, I pretty much did all that and now I have over $150K in crypto, waiting for the next bullrun to get my retirement money

>>55569579
again, the market is not at all over evaluated if you take into account inflation. plenty of white collar professionals and established tradies can afford housing right now, why can't you? This just proves my initial point: having a high earning profession and being good with money will get the average person incredibly far, much father than the average person would get gambling on crypto alone.

>>55570306
150k in crypto....thread is about 1M. 150k is a decent car in 2023

>>55571379
Lol how the fuck do you think people get to $1m? Do you go early think it happens in one play?
>$150k for a decent car
TikTok has ruined your perception of reality.

>>55571365
>having a high earning profession

Far easier said than done, especially today. This isn't 2021 where people could easily slide into a tech sales job and haul in $200k-$300k+ after only a couple years of working. Those exact people are getting laid off in droves at the moment (tech sales is just one example - all of tech right now is in an awful state, in addition to many other professions - even middle managers and higher level people are getting laid off).

Now, in order to get into those high paying positions, you have to have connections (friends/family/lucky "my friend knows someone who knows someone" type of situation), period.

I know you'll fire back at this with, "all I'm hearing is excuses and wah wah weh weh weh", but either way, I'd suggest you research the actual job market and research testimonials, alongside low high-detailed level (not the high level bullshit the fed/biden presidency gives out) statistics on the job market.

I understand it's hard to fathom others not being successful when you slid into success rather easily, but alas, empathy is one of the most difficult traits to acquire.

>>55567481
>doesn’t understand delayed gratification
A white nigger wrote this

>>55567387
>which they've since upgraded multiple times and are now living in $1m USD homes
Doesn't really count since they're mortgages (could count the equity though, obviously), but I otherwise agree. Your post has basically been my game plan so far, plus shoveling as much money into crypto as possible since 2020. (Yes I am down a little bit because of this, but almost at breakeven now.)

>>55567528
>loans
You can game the college welfare system around a lot of this, if you play it right. The government just counts on people not taking advantage. Some states allow for a full tuition ride to college if unemployed, and in my case NJ passed a law (probably meant for families) that allows single people making under 70k to get free college for their third and fourth semesters.

I'm getting free college for the next two semesters at my state school, and next year I'm going to try to enter the unemployment list to get another free year of school. Prior to that, my spring of 2023 semester was free and I paid my first three semesters with crypto earnings. I'm going to refund my subsidized loan payments before September and throw them in a CD or something and then pay them back when I'm out of school.

>>55567555
Lmao. Rent for a 1br was 800 when the average job paid $8/hr you retarded zoomer nigger. Fucking retail starts at $20/hr right now. Nothing has changed. You aren’t any more fucked than a guy who started in 08. You’re just a loser with a loser mentality. NO ONE. LITERALLY NO ONE went broke dca’ing the S&P. Anons on this board come clean all the time stating that they’ve just dumped their last $200 on a shit coin and that they’ll kill themselves if it dumps. You’re literally a fucking penny stock idiot. They’re the same thing. Slow and steady wins the race 99.9% of the time. But keep thinking you’re the .01. (You’re not)

>>55572265
based

>>55572265
>>55571365
pe ratios are fucked in the stock market. companies have been squeezing every oz of profit possible from their margins. youre delusional if you think the next 30 years in index funds will have as good of real returns compared to the past 30 years. housing has gone from 4x annual income to over 10x annual income, even with todays sky high rates. pricing people out of the markets yet ensuring that returns wont be as good even if you could somehow get a foothold on the property ladder
not saying there are better options than the s&p but the younger gens are fucked. really dont blame them if they check out or just gamble on crypto
t. index fund enjoyer

>>55567446
>5’7
oof

>>55567387
If I could add to this, you need to drop the mentality that
>I would never do X job
There are no lousy jobs, just people who are too lousy to do them. If you're unwilling to do shitty work you're never going to have a "cool job." I had to deal with a lot of gross and unpleasant work before I could finally get a comfy job. But if I didn't do that stuff I wouldn't be where I am.

>>55572519
do people actually care about height save for extremely short manlets? i have a couple of manlet friends who have laid a train’s length-worth of pipe to grills of varied quality. i’m 6’4 and have only had a few sexual partners

>>55572565
You are on the threshold of the other side which is "too tall"

I'm a tall 6'1 easily get away with telling people im 6'2 and I've talked to girls about this exact conversation and the sentiment I've heard is over 6'5 you are "freakishly" tall

Seems to be like the bell curve centered on 6 feet, anything around that is fine but as you get away from it in both directions it tapers off quickly

>>55572489
Thank god a nigga with some sense comes in these boomers like >>55572265
>>55567387
need the rope soon

>>55567387
>competitive degree
what even qualifies for this anymore?