/biz/ - Business & Finance

>>56998846
If you already own a house then $50,000 (5%APY) salary is more than enough to survive and even feed a family

>>56998846
Please cease and desist with the cultural appropriation.

Fank q.

If you're not a retard with money, yeah.

>>56998846
You can literally just run the numbers yourself

>>56998846
worked for me in 2004 when houses were $100k

you not so much.

>>56998949
that sucks

>>56998849
you need 5% expenses + 3-10% to keep it up with inflation

1 million would be enough for me yes but I have special circumstances that make it easier

>>56998860
I am retarded though

>>56998846
maybe in a third world country

>>56998846
Not even close if you want to retire mid-30s and live comfortably well into your 80s, I'd say you need $5m.

>>57001133
You need a conservative $150,000/yr to live comfortably? What the fuck do you spend your money on?

>>56998846
with that kind of money you go to a European country and live happily for the rest of your days. You invest a part in small business and the rest you spend it in a gamer pc. Or you can do what a friend of mine did in beoble, open a small coffee shop and live off the profits.

>>57001319
how much money does a coffee shop make? taking into account taxes and employee pay, it would have to make +10k a month to be profitable.

>>56998846
you should have bought a house in 2008 instead of going to high school.

>>56998846
Using a conservative safe withdrawal rate of 3%, which has a success rate of 100% even on 60 year timeframes, that would give you $30,000 a year to spend. Is 30K enough for you?

>>57001140
If you live from 35 to 85 $5m would give you $100k a year. If you look at the general trend of inflation, in 25 years minimum wage will probably be $50k.

>>56998846
She hit the wall faster than a fighter jet

>>56998846
"retire" from wage slavery but you'd stil need to be productive and do something with your life. luckily building your own business is actually enjoyable and isnt really work at all plus you keep all the profit and pay almost no taxes

>>57001610
Exactly.

>>57001423
you fucking idiot, its about passive income from the stack not wasting the money that could just pay you in dividends
also 50k minimum will come faster and then stay there for a really long time.

>>57001336
Fuck……

yeah, but you would still need to budget constantly.
>use $100K to relax, backpack around low-cost continents like asia and latam, record yourself consooming and post as content on all social platforms, wait for it to gain traction, then charge for sponcon deals/affiliates/ads. do this for three years while also:
>keep $250K parked in safe long-term investments
>use $100k to build an online biz
>daytrade with $100k (higher risk, short-term swings)
>still have 450k left in case all of the above doesn't pan out but also prevents you from stressing that you're all in on any one of the above
>never talk about money or mention you have a mill to anyone. use the "online biz" as cover..."so what do you do for a living...?" "tee hee i'm just a youtuber and digital nomad!"

>>57003447
>Yeah man just have a huge amount of wealth and live frugally off passive income until you die
God, I hate people like you. Why even bother trying to accumulate wealth if you're just going to leave a huge amount behind?

>>56998846
I wipe my ass with 1 million

>>56998846
Immediately? If you're young, probably not. It IS enough to afford you a much earlier retirement than you otherwise would've had though.

>>56998846
I'd love to facefuck this little slut

>>56998846
depends on your lifestyle
>>56998860

>>56998846
I’m gonna say no. Is it possible if you never go to the doctor and live cheaply? yes. Western world comfortable? No.

>>57001423
I’d say $5mil is enough to retire on like you said. It could probably be done with $2mil even, just not as comfy.

>>56998846
Even in 3rd world shithole here, you need $1 million to buy a decent house.

>>57005633
Not really, even in most parts of Mexico you can get a pretty good one with $250k

>>57005457
lewd