/biz/ - Business & Finance

Enough to buy a small trailer and live off for 5 years, MAYBE, but that’s about it. You need 10 million to be comfortable, and 20 million to retire

>>58144672
It's $66K a year for 30 years, not counting any interest earned. I'd say it's a decent amount.

It is life changing money, enough to never have to work again.

>>58144672
It depends on where you live

Can you repeat the question?

If you know how to sell covered calls on dividend stocks, its enough to never work again.

>>58144672
My net worth just went above $2 mil last month and I still feel like I'm barely gonna make it.

>>58144672
><$1k
Fucked at the slightest expense, will be thrown into debt by a car repair
>$1k-$10k
You have a nest egg, but you're watching your money closely and hardly even trust the number in your bank account
>$50k-100k
You feel comfortable for the first time, but still have to work for what you eat. You're not as concerned with your monthly surplus/deficit and you have no worries about the occasional car repair.
>$100k+
You've hit the magic number. At this point your wealth starts pushing upwards on its own. Your attitude towards your job changes as you care less about making end's meet and more about about how working there will benefit your long-term career.
>$500k-$1 million
You're starting to feel like you've actually won something. Your investments make as much money as your job and you basically don't worry about unemployment anymore. But you're still nagged by the fact you can't retire outright
>$1 million-$2 million
The point where you start to feel wealthy. You suddenly have to put a lot more thought into what you're investing into as that's where the majority of your money comes from. You're casually exploring things like rental properties or restricted investments; though, not willing to bet the farm on them.
>$2 million
The finish line. At this point you could retire if you so desired. Most people won't reach here until retirement age. This is the point where the path bifurcates. Either you will cut back on your work or retire completely and just enjoy the rest of your days, or you will continue to work and start striving for the higher levels of wealth that once seemed unobtainable.

>>58144943
Damn. You actually really nailed it. Any insights into 3 to 5 mil?

>>58144701
>on a finance board
>doesn't know how to invest for retirement
Holy ngmi
>>58144793
He said he sucks 1 million dicks for $2 each and wants to know if he should suck more

>>58144943
Add a zero at the end of each line and looks about right

>>58144978
>Any insights into 3 to 5 mil?
You're unquestionably a "business minded" person and someone whose nature is to be working or doing something. If you have a family, you suddenly have to worry about them being sheltered from the real world. Depending on your personality, you might be indulging in luxuries like a big house, nice car, and expensive vacations, but you're also confident in your ability to balance those expenses with growing your wealth. Socially, people will notice that you never seen to worry about money, and maybe have nice things, but you also don't come across as rich enough to be worth bothering. You could pass as middle-class easily. Alternatively, you could network with other HNW people and feel comfortable around them.

>>58144943
Pretty accurate

>>58145133
Too generic. This sounds a lot like me after I reached $1 mil. Lifestyle probably doesn't change much between 1 and 8 million depending on area or cost of living.

>>58144701
That's only if you want to live in usa, that's life chaning money anywhere else, people think they need millions to live off fine, but to each their own! With taht kind of money Ill settle for a small comfy house near some mountais or shit, just a normal suv or a tesla, possibly some hybrid, now more than ever since truflation shows their prices are dropping fast now, then after that enough food and commodities to live fine and at peace, obviusly internet acces and the most sick battlestation there is but that's it. Not like I need some mansion or some shit like that...

>>58145397
Really the only difference is that $2 mil is someone who saved for retirement, more than that is someone who sought wealth.

>>58144672
yes, but assuming that you still got the first $10k mentality you'll reinvest again and again in an infinite loop until your death. Still, $2mil is a really nice achievement allow yourself to live a little bit more stress free and start to care about what you consume daily

>>58144701
>Enough to buy a small trailer and live off for 5 years, MAYBE, but that’s about it.

>>58144701
the most murican shit ever said lol 2mill is enough to retire until you literally die in some good countries that can't be parallel at all with dollars, so you would literally live off to 300$ a month and that would be literally spending the most to be comfy af

>>58144943
based and checked though
getting to 2mill and having a good house already is making it in my book

>>58146032
why would anyone live off america you fucking faggot pajjet cuck sucking mofo

>>58144672
Yes, yes it is a lot, and it has potential to be a lot more. I don't get the joke here. Is everyone on biz poor? Only that can explain them thinking that 2mil is somehow small as if they were talking about their pathetic little monthly waggie that goes away after barely paying rent and frugally buying groceries.

No chuds, 2mil is not "nothing".

>>58146032
Okie dokie buddy nobody asked for you to tell us your goals.

>>58146315
Saving this pic to spread very easily fabricated chaos over at /pol/ later tonight with a few beers. Thanks

>>58146315
with that money I would buy a fucking castle in Argentina or something and still have left for years and years of coke and hookers

>>58144701
Unbelievable. Truly.

>>58144672
No it is not.
I know this fact very well because I have over $10,000,000 and I am still a virgin.
Even $10,000,000 is not enough to get a gf these days, much less get laid.

>>58146032
not to mention all of them necessary taxes and government cuts op. you gotta cough up at least 70% of that, your money will be well spent though. most of it will go straight into the pocket of government officials that do nothing but cut corners and fuck with their population for funsies cuz they got nothing better to do, poor black single mothers with 5~ future criminals under her absent, neglectful wing, mentally disabled people that will NEVER be useful to society, and more. You can have your 300k after we take our cut.

>>58146415
>>58144943
>still stuck in 4fig purgatory

>>58146450
Amerricans are subhuman. They post this shit unironically, that is not a joke that's what they believe.

How would you guys make such money?

>>58144672
enough to never have to work.

OK Op here, plot twist
>is $2,000,000 in LINK a lot?

>>58146688
how does $10,000 EOY sound?

>>58144672
$2,000,000 what? Cats? Beers? Dollars? Write dollars at the end of your number if you're talking about money retard. $2,000,000 dollars

>>58144672
Yes.
Put it in a hysa/hisa that earns 5% and you'll literally be able to live off of it for the rest of your life without working a single day.

>>58146481
How and why are you even posting on this board?

>>58144672
To have fun with, yes. To live on, it'll help. To retire on, absolutely not.

>>58144672

Big airdrop

https://twitter.com/BrainTolivl/status/1771035832461226207

>>58144672
it depends a lot on the context, in general terms it is not so much money but if they are BRC20 tokens it changes exponentially.

>>58144672
Fuck yeah its alot. Dont let these retards with 6k tell you its not.

>>58144943
This is pretty close, im at 2.5 and own my house and all vehicles, but my wagie job is producing 200k gross+full benefits and due to how they got rid of pension, they put 30k a year into my 401k and i put another 6% on top.
Because my cash flow from wagie is so high, i cant really quit and have same money rolling in quite yet...

>>58144943
This is correct. To be fair I think high 6 figs is already enough to retire for the average /biz/tard. I dont think many anon here would be blowing their money on cars and coke.