/biz/ - Business & Finance

>>57584796
What place was 5 figures?

It's heaven and I'm as close as never now

>>57584811
5 places pit of despair

>be worth more than 99% of the world's population
>cry you're in 6 fig hell

If you actually feel like shit for being worth that much it means you need to go live a little. Go on vacation, eat an expensive meal at a nice restaurant, buy yourself a new laptop or whatever. Sure that's opportunity cost, but you might as well die tomorrow, you won't take your money with you. You're at a place where you can actually get a premium bang for your buck, so why not indulge a little?

>t. Worth $200k in stocks and crypto + own a home, just came back from Japan

>>57585733
im worth 400k and I will not "start living" until I have at minimum 1 million, you can only "start living" once you don't have to work

>>57585760
I'm not saying you should change your lifestyle, I'm saying you can spend $2000 on a one time purchase if you genuinely feel like your life situation sucks because you're not yet at a $1mil

>>57585760
I'm at $1.3 million and still work.

>>57584796
6 figure hell for the past 3 years. Just need a 4x and I'll never have to wageslave again. I'll still work, just for myself by turning hobbies into potential careers.

>>57585791
>>57585733
>omg i feel shit! consumer goods will help!
totally missing the point of wealth in the first place.

>>57585926
>Only needs a 4x
Really easy if you're willing to risk smaller caps.

>>57585974
what the actual f what kind of low iq mouth breather doesn't get the point of having lots of money it's literally all about having the ability to buy really expensive cars and super hot chicks and a massive cocaine habit consumer goods can't buy that kind of luxury in fact no amount of money can buy a decent sense of humor or make up for a small dick like i always say money can't buy happiness but it will get you as high as a kite

>>57585841
€1.7 million and i only invest. I work 4 hours a day studying the market.

>>57585760
Unironically one doctor's visit can change that mindset

>>57585760
>>57585841
>>57585999

mid 2 million and i still work and plan to continue probably another 20 years. if you think you're permanently retiring on less than 10 you're delusional.

>>57585760
My NW is close to $1.8 million and I still work lol
I didn't really start living until I got to $1 million in 2021 though. That's when I got a house, new car, gf, etc.

>>57585760
That amount of seethe indicates this is true

>>57584796
Same lmao

>>57585760
1 Million is too low to start living desu, 10M is the minimum.

>>57585733
Why are the poors always like this bros?

>>57585999
holy fuck how grim

>>57586331
holy crap that is one grim thread lmao like seriously 1 million dollars is just a drop in the bucket bro i mean sure you could probably buy a house and like a car but you would still be dirt poor compared to your average 4chan user i mean most of these brosephs are running around with dick measuring contests measuring their 10 inch dicks which is not something i engage in because i actually have a good sense of humor that doesn't revolve around the size of my member despite it being absolutely massive and also i'm a honey badgr so i literally dont care

>>57586363
Take your medz

>>57586161
>if you think you're permanently retiring on less than 10 you're delusional

Bro 2mil at 5% dividend yield stocks will give you 100k a year

>>57585733
its not about the amount, it's about the risk reward

you are 1 2x from making it forever, or to lose it all

>>57586674
lmfao what a boomer mentality

you sound like one of those old fogies who is like
>don't gamble with more than you have
who cares about risk money is so abundant you can get it whenever you want

so why not gamble with it all the time and what did you say you had a 10 inch what sorry i was too busy thinking about my own massive cock

>>57586608
100k is middle class at best, soon to be lower class in about 10 years

>>57586608
Account for inflation and with only 5% yield you are losing money.
With 2M you need to be able to get +15% to keep with inflation and pay your cost of living (middle class) That takes a lot of effort and a lot of balls.
With 10M is much easier

>>57586711
You know dividend stocks appreciate in value and you can reinvest the dividends, right?

>>57586711
>>57586759
It's 10% nominal 7% inflation-adjusted. If you withdraw 3% you will never lose principal

>>57584796
I just entered 5 figure hell
Almost to the halving and I only have $10,000 of capital it's literally over for me

>>57584796
5 figure hell dicklet here

>>57586608
>100k at year
Yeah, so barely enough for myself, my wife, and my kids to survive. He's correct, you need 10 million to retire. It isn't some "pie in the sky" meme goal either. Plenty of us with a few million saved already will absolutely get there. Only the truly poor people here think we're kidding when we say you need about 10 million to retire without worrying. And that's not ultra-super-luxurious retirement either. It's enough to quit your day job and worry less is all.

>>57587174
>He's correct, you need 10 million to retire
Not if you don't reproduce and marry

>>57584796
I'm gonna gamble half of my ETH in eesee, need to masturbate sweating adrenaline

>>57584796
>low 6 fig hell
I need more...

>>57587174
>>57586608
If I told you that $100 million dollars is poor, but $300 million is rich, you'd think I was crazy because to you those 2 numbers equal roughly the same lifestyle, very roughly.

Many people with under like $50k to their name, especially in countries that are developing and where everything is still incredibly cheap, have the same delusions about $2 million vs. $5 million or even $10 million, but anyone who actually has $1-2 million can tell you it's a world of difference. It's just that to call yourself poor with $2 million is so incredibly insulting to someone who only has like $20k because it's like saying they are absolutely bottom of the barrel dirt poor.

>>57587179
Yeah I guess. I have kids though and I'm convinced life only starts when you have them, apart from incredible 1 in a billion circumstances where somebody actually produces something significant with his/her life.

>>57586255
New larping stories as well?

>>57587226
i guess honestly bro i'm a honey badger and i'm kind of a pussy so you kinda have a point about having kids and life not starting without them i don't want to die alone i don't want to die never having done anything of significant value in my life

>>57587174
Even 4mil at 5% yield will give you 200k a year, after tax it's like 155k. That's like being in the top 10%, are you really saying that's not enough even if you have a family? Or do you just unironically want a Lambo? It's fine if you do btw, my goals are to have the typical middle class lifestyle while being worth a couple of mils. I don't need 10mil to achieve that.

>>57587245
no larp fren

>>57587290
I wouldn't say 155k is top 10% in a coastal state or major city, but there are certainly areas all over the middle of the country where I would agree. Realistically though 155k is enough to get by with a family, I would agree. That's with going to public school, money for recreational sports, etc., nothing too fancy but a middle class lifestyle yes.

That being said, yeah I do want more luxury. I want the nice car, the constant vacations, the fancy private school for my kids, all that. But I have plenty of friends with kids who don't and they're great people and I have a lot of respect for them.

>>57587803
>>57587290
Actually if you have any data on that I would love to see it. I was looking for it the other day but all I could find was average and median income and net worth data. I want the full spectrum by age and ideally by state or even city, if it exists, not just the average.