/biz/ - Business & Finance

>>58535943
I only need 2k a month to live an extremely comfortable life in my country. 2k x 12 = 24k. 1M/24k = 41 years. It's almost enough, but I can find safer investments that will make it enough.

Passive income from 1MM is 20-40k indefinitely. How much do you really need to live?

When I made the calculations of how much would my portfolio need to go up to buy a house. Between capital gains and all the taxes that comes with buying a house, I realised it was impossible.

>8 figure hell
I'll never be a billionaire

>>58535959
You forgot about inflation

>>58536009
Gold, I guess

It enough if you have a paid off house and car

>>58535980
Dont forget that you cant loan the rest if the money is from crypto :) Only way is to buy land with crypto and get a loan for a house to build on it

1m is enough to build a house on 20 acres and have several wells and solar array, basically leaving you no bills except food for the rest of your life, plus whatever transport expenses you prefer


And here I thought this board was just for retards to talk about gambling on shitcoin, I guess it's also for doomers

>>58535980
>all the taxes that comes with buying a house
???

>>58535978
How?

t .me/PurpleParlor FOR UNRELEASEDD, UNLAUNCHED PROJECTS, ALFAAAA ONLY!!! BSC #AD

>>58536172
I’m guessing he lives in Cuckstralia if he’s complaining about exorbitant housing prices and a portfolio that won’t cover it. Buying a median priced house around $1.6M means you have to pay the state government another ~$100k in “stamp duty” which is a transfer tax paid every time property changes ownership. There’s also usually about another $20k worth of fees for conveyancing and inspections and other bullshit bits and pieces because everyone else is trying to take their slice.

>>58535959
You can get interest at your bank, just spread it out over multiple banks so your full balance is insured.

>>58535943
After I made a million but before I realized you are a massive faggot for posting the same thread over and over

>>58535959
you can just buy dividend stock and get 50k a year with 1 mio my dude

>>58535978
That doesn't even cover my rent

>>58536308
where i live the insurance is per account, not per bank. so u could just open 20 accounts at the same bank if they let u

>>58535943
In Jan 2018 when I hit $1.2M peak. Initial euphoria and then realized: it's fucking nothing today
In Dec 2018 I went down to about $85k.

Now I'm worth $28M, the make it number is $10M

>>58535943
well, if you want to use it to eat caviar 3 times a week and buy yachts of course it's not much, it's money to invest and to use wisely, and not a bad goal either, I'm still saving with my maga for that, I want my own business

>>58535943
test

When I ran the inflation numbers based on shadowstats

>>58535943
I realized this when I found out everyone has this amount. this is the average now

>>58535943
it's over

>>58535943
You’re a fucking retard. I crossed a million recently and haven’t had money problems since $500k. Now I’m starting to not even have people problems. If $1 million is nothing to you and you really believe that, you’re either extremely rich and it is actually nothing to you or you’re almost as mentally detestable and as much of a wretch as a pedophile. You are incomprehensibly broken.

>>58535943
get out of your capitalist bubble and you will realize that outside the U.S. you can spend your whole life trying to spend that money and you won't manage to spend it all. Not even if you bought 1 million $SUPER

>>58545088
why do i want to leave my country?

>>58545088
this mf thinks it's worth living in some third world country where he might die from a snake bite or something.

>>58545088
your answer makes no sense

>>58545088
your answer makes no sense

Dude, it's bleak as hell out there. I crossed the $1m mark in 2016 and had the usual brief joy before realizing... oh, yeah. This doesn't actually buy me a better house, a lavish five star trip, let alone more free time. It still makes owning a luxury vehicle a frivolous thing and women still laugh at you if you peacock like you're a big success and she finds out you're barely at seven figures.

My new goal became $3 mill very fast. In 2018, I ran the numbers and all things seemed possible there for a modest life on auto-pilot without needing to worry about work. But now? In 2024 where prices are bonkers and you just know they are going to keep helicopter Joe in the White House somehow?

It still isn't shit. I am at about $5m and it still feels like fuck shit.

You need over $1m alone in most parts of the country to just to afford a decently new, good-sized house that isn't a Boomer littler box from 1980 with ten thousand problems. If you average at least $400K in annual income and have $3m+ net, then yeah, *maybe* you can finally go to Maui for a couple weeks with a top quality stay at the Four Seasons. But it will still feel like a little pinch when it runs you $30K.

Based on my experience and many others, the big boys' club now starts at $10m minimum in this hyperinflated economy. A crummy Midwestern town house will cost more than $500K in a couple more years. That should fucking scare you, and trust me, the earnings that require effort don't get any easier with age. Accumulate as much money as you can by any means possible. Your life literally depends on it.