/biz/ - Business & Finance

only in Shartmerica

what website is this nigger

>>56770405
My wife and I make more than that every year before investments, you ain't shit, and I ain't either. Get to the wage cage chug

>>56770405
Someone explain this chart please I’m low iq

>>56770514
You are bottom left

>>56770439
https://dqydj.com/net-worth-by-age-calculator/#What_was_the_average_and_median_net_worth_by_age_in_2023

It kind of amazes me looking at zillow. Somehow, in fucking orlando, there are miles and miles of houses all selling for 700k+. I don't understand how there are so many wealthy people out there. What did I do wrong? Just by the sheer volume of people living in nice mansions, it seems like being wealthy is just a simple trick that I missed in school. Did I not rinse my dick enough? Did I not make my bed well enough? I don't get it.

>>56770405
only need a slice of a "decent" inheritance to get into 80th percentile.

>>56771203
They got useful degrees and high-paying jobs, and probably a partner who also makes good money.
All the things you probably said were scams while you studied the blockchain.

>>56770405
I make 270k yearly before tax as a codemonkey at 27. 170k is nothing when a McDonalds wagie living with parents can save up this much in like 5 years

>>56771489
I make $600k doing zkproofs for a meme company. Is this thread a joke? Most Americans are earning $200k a year without grinding leetcode.

>>56771517
sure nigga

Please use your wealth to abolish abortion and/or end animal agriculture

Hundreds of thousands of children are being aborted every single year. Tens of thousands of children are being aborted completely legally in 2023 in deep red USA states.
Abortion is still legal in all 50 states and almost nobody is talking about it. The pro life movement is a controlled opposition and not your fren. Please watch this approximately 15 minute long YouTube video on abortion please whether you be pro choice or already pro life https://youtu.be/XGPv66ZqlEQ?feature=shared [Open] [Open] [Open]

Over 6 billion (yes) Chickens are tortured to death every single year in the United States alone in factory farms. And no your Canada Australia or EU country isn't much better. Billions of animals are being tortured to death in factory farms every single year and it's (partially) your fault! Please watch at least the first five minutes of this YouTube video . In it he explains that people who regularly purchase chicken for years straight will almost certainly cause the torturing and murder of hundreds of extra chickens. That blood is all on your hands and would NOT have been shed had you instead decided to boycott animal products / go vegan ! https://youtu.be/brKhhZlUoOc?feature=shared [Open] [Open] [Open]

What are the conditions like in factory farms where over 96% of all animal products in western nations come from? They are mutilated without anesthetic, crammed in dirty, uncomfortable, and crowded conditions, they are artificially inseminated / raped and jacked off, they are slaughtered. Here is a free approximately 2 hours long documentary about factory farming please watch it thank you https://youtu.be/LQRAfJyEsko?feature=shared [Open] [Open]

Stop these Holocausts. Stop at least one of these Holocausts. We can't have two holocausts it's not right

>>56771517
I’m living off neetbux and bring in 800k a year thanks to having a bunch of kids and health issues.

>>56771489
270 before tax is like 400k+
im sure mate...
nobody pays a 27 code shitter anything the like

>>56771878
yea me too im a professional design analyst making a humble 3million a year

>>56771817
What about eating human meat?

another cut and pasted demoralization thread? on my /biz/?

>>56771463
Oh please you stupid faggot. Those mcmansions are LITERALLY filled with niggers and spics on unlimited gibs. Kys.

But when your currency is approaching Zimbabwe dollars, that doesn't mean anything.

>>56770405
Anon you aren't the average, you're the median so you would need to take that into account for. There are tons of reasons why it's more normal to be poor then to actually make it.

1. Lack of low overhead when investing in cars, houses, and other assets
2. Lack of pensions and other retirement vehicles that greatly compounded before and after 1970
3. Greater pressure on building debt rather than credit with Student Loans
4. Returning interest rates without the capital or assets to collateralize

Between the 1945 and 2001 if you didn't go to college or go to war you were considered a deadbeat and a loser. People forget those were pretty much the only two things you could do in life before the internet is either get really educated or go die in a war. This happened every like 50 years in the US at the least.

Ain't going back, now you get to sit there while your boomer parents mock you because your living situation is awful and they judge you for your life choices. All while telling you with a grin on their face that they worked hard for their money, when in reality the opposite pretty much happened because jobs started getting much easier since after the industrial revolution.

That's your cycle right there.

>>56770405
To add onto that, their accounting for net worth which includes all of the assets they bought and owned before and after 1970 just as in 2. Even then until 1998 you could afford to have children and pay a mortgage as a waitress or a grocery clerk and not have to be on stamps.

97th percentile for me. Still kinda embarrassing considering how ugly and fat the public is. No inheritance just hard work and firm handshakes.

>>56771463
>All the things you probably said were scams
kek. This was my mindset when I dropped out of college in 2019. 4 years later I'm scrambling back to a community college. I'm way more weary of advice I read on online forums now.

so what, there are startup fags who made millions before or by age 25. there are OF/IG "models" who net $100k per month. fiat has completely disconnected from reality.

Seems low. Most people I know in their 20’s make well over 300k a year.

>>56772978
True all my baby friends and I are already on $100k allowances so this tracks

>>56771810
and that's a household statistic across all ages. Not even a single person.

>>56770405
>People are insanely fucking wealthy now.
you'll easily be in the millions when you're my age if you can actually save and invest that. keep your credit score in the top 1%, and don't carry a mortgage. i own my home outright.
people aren't "insanely wealthy." valuations are just high. that may not last forever, and there's no guarantee you can pay 8% on a mortgage while earning 10% on savings for 30 years straight.
don't fuck it up.

>>56771489
>>56771517
>>56771810
>income
millionaires didn't rely on their income to get there. i only make $120,000/year.

>exclude equity
>remove log scale
>>20% under $95,480
>>50% under $19,270
Stay sucking cock OP

If you’re 25-29 and you bought a house you’re a retard. You have decades until the house is actually yours (if you don’t lose your job or inflation kills your salary) and until then it belongs to the banks and you’re tied up to the house.
You should be happy with being top 20, thankful you’re not under bottom 50 and especially ecstatic you’re not the African who thought the hellcat and took on debt to do nigger shit like buy luxury clothing, get trapped by child support and going to casinos and is now pic related.

>>56770405
26 with 200k checking in and unironically feel very behind. OP, wtf are you doing?!

>>56770405
Vast majority of people's wealth is tied up in there 401k, cars, and house. But food and energy costs have also doubled.

>>56771810
Man US fags have it so easy. I can't believe you fucks are here whining about shit when 1 in 9 fucking housholds has 200k income. Wtf

I'm 33 and net with is 540k. I feel poor, though. Gf is 31 and has about 1.2M.

>tfw just got out the womb and only $3.4 trillion in the bank
Am I gonna make it? I should have had rice and beans

>>56771489
>>56771517
I do love the LARP these threads bring out kek

>>56771892
>>56775002
>>56771489
He's meaning $270k in total compensation (TC) which includes stock, bonus, medical/dental benefits, etc, not just base salary. That kind of TC is very common for somebody with his level of experience, about 5 - 6 years.

>>56775108
I absolutely love when you guys post the top earning position at a company short of being on the board of executives, the sort of position that only has one opening every twenty five years when guy retires, and you say that's what the average salary in the industry is.
For people who are all about money and reading graphs and trends, you're extremely lazy when it comes to looking up actual numbers.

>>56775163
Those are just basic bitch senior software engineer code monkey positions that you can get by applying online. Look it up yourself lmao. And besides, $270k TC is actually dogshit for HCOL areas like SF and NY, not sure why you think it's so impressive it must be fake lmao.

The type of positions you're talking about would be closer to $800k - $1mil in TC (mostly in stock), and require 15+ years of experience plus some networking, but those are never advertised on a job board lmao.

>>56770486
>wife
ngmi

>>56775220
This. I make 800K in TC in San Fran and honestly that's nothing nowadays. I have a friend who makes 2 mil TC with Google and I'm jealous as fuck

god damn /biz/ is a low IQ board
net worth includes home equity, a function of the covid ultra bubble
protip: its not your money until its in your bank account, and you better hurry up and sell, lowest existing home sales in 13 years coupled with price reductions from coast to coast

I earn 51k as a software engineer in a first world country.
>tfw never earning US salary which would literally add a zero to the number

>>56770539
love how crypto brought me to top 1% at 30. I get mogged by 35+ though.

>>56771463
Literally the opposite. I dismissed crypto as a scam until 2022 while I finished my degree and got a few years experience in my "career". I would probably have been much better off now if I had gone into crypto instead.

>>56771203
>What did I do wrong?
Being born to retarded parents.
Also, many of those houses are owned by corporations and investors seeking to rent or sell at a profit.

>>56771203
>Knew what profession they wanted and pursued it from an early age
>Inheritance
>Started a business that paid off
>Made great investments
>Got onto the property ladder as fast as possible to become landlords

Did you do any of these? If you didn't, then you're in the bottom 10%

>>56777307
Chart made by boomers holy shit

>>56770405
I'm 29 and make 300k a year being a chef at Wendy's

>>56770405
I breed hamsters and make a cozy 32.5 million a year.

>>56777504
I'm a pig farmer and make 1.2 billion a year

>>56770405
my chart says otherwise

Lot of those people are trustfund babies imo

There's a growing wealth gap, and wealthy people tend to orchestrate or provide for their children til they can get wealthy careers, and they also die and leave them their wealth.

>>56771489
>I make 270k yearly before tax as a codemonkey at 27.
lol

>>56772978
lol

>>56775002
same lol. like i cant imagine some decently normal dude saying that, if it was some wierdo nerd dork sure i guess. if its true, then its for sure some wierdo lol.

>>56774974
It sounds like a lot, but the US is fucking expensive man. Housing, food, and healthcare are all like twice as high as our european counterparts outside of maybe Switzerland and Luxembourg

>>56777565
usa is better than europe.

What percentage of the world's adult population are millionaires? 1.1% of the world's adult population are millionaires. This adds up to about 56 million people. Collectively, this group has about $191.6 trillion and controls about 46% of the world's wealth

>>56777576
lol that's like $50,000 per person on earth. WTF there acutely isn't that much money out there. Someone making $25hr is one of the is in the top 50%. God the world is fucked.

>>56770405
anon this isn't video game ratings, being in the upper quartile is very good

>>56777609
people in the best countries in the world (China, Indonesia, Greece, etc.) don't need cars, and certainly don't need money for gaming PCs. A cola once a year will do, and some rice. Mmm perfection

>>56771203
>Somehow, in fucking orlando, there are miles and miles of houses all selling for 700k+. I don't understand how there are so many wealthy people out there. What did I do wrong?
don't listen to the other retards who replied to you

the answer is renting and/or being in debt to their fucking eyeballs

or they're filled with literally two whole families of immigrants paying it all off together

>>56777565
Compare that to Australia. Same or higher cost of everything, AND higher cost of property AND lower wages. I WISH I COULD HAVE BEEN AMERICAN!

>>56775340
kangarooland

>>56770405
>I probably barely have more than the median.
how about you check that by the next age group my retard. top 29% in the 30-34 have 170k. median in the 30-34 is 88.6k

I have 15,000 dollars at 29

>>56770405
median household wealth in 2022 is 193k and yet almost 6 in 10 American adults couldn't cover an unexpected expense in the $500-$1,000 range without borrowing the money or making sacrifices to their lifestyle by cutting other spending. that's just show how everybody consooms and that most of the wealth is stored in real estate

>>56779408
yeah if you subtract their shit houses it's more like they have 70-200k it they have no debts