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/biz/ - Business & Finance

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10023086 No.10023086 [Reply] [Original]

if you worked for 80k a year you would have 1.6mil in 20 years...
isn't that a very small sum of money to waste 20 fucking years for?

>> No.10023100

>>10023086
80k gross or 80k net?

>> No.10023108

>>10023086
when banks are printing money daily, 1.6 mili for a lifetime is slavery

>> No.10023120

>>10023100
Net, assuming all 'bonuses' would go on expenses.

>> No.10023145

>>10023086

And that's why we should invest. Turn that 1.6m into 10m+ over 20 years.

>> No.10023157
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10023157

>>10023145
honestly i've been thinking about doing that, slave my life away for 20 years, then throw it all in some dividends stocks and apply for early retirement.

>> No.10023162

>>10023145
I gotta agree OP. You should invest some of that money. Investing in stocks or crypto on a downtrend would be an ideal choice. Stocks are great once everyone is panicking & prices are plummeting. Crypto is great right now. ZAN Coin offers dividends & they're an actual company that's going to start using blockchain tech. It's setup similar to a stock without actually being in the stock market, so you get the best of both worlds.

>> No.10023164

>>10023086
investing 80k annually with a return of 5% each year will net you just under 2.8m

14 years to get 1.6m @ 5%

10 years to get 1m @ 5%

>> No.10023183

>>10023145
for 10m+ in 20 years contributing 80k annually, you would need to get returns of 16% each year. teach me your ways if you manage to do that for 2 decades

>>10023162
reported

>> No.10023200

>>10023164
Reported for faggot reddit spacing.

>> No.10023217

>>10023086
Nobody gets rich just by working, kek.

>> No.10023249

>>10023200
are you mad because im a lot smarter than you?

>> No.10023531

>>10023183
>>10023200
>>10023531

reported for threatening to report

>> No.10023537
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10023537

>>10023531
mfw i nailed it

>> No.10023581

>>10023537
woah
much better than dubs posting

>> No.10023615

>>10023531
>>10023537
very nice

>> No.10023910

>>10023086
nice Manchester Orchestra reference on the image OP. good album.

>> No.10023930

>>10023086
Not even close. Taxes eat up 40%, basic living expenses at least another 15%, and then what you have left, inflation ultimately reduces by another ~20%.

>> No.10023954
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10023954

>>10023531
NOiCe
>>10023086
>80k a year
>Doesn't account for Taxes, bills, housing
You know how I know you still live with your parents?

>> No.10023969

Most goes up on a couple walls.

Want another room? That will be another 5 years of your life please.

>> No.10023976

>>10023108
This. Wagecucking is submission

>> No.10023984
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10023984

>>10023086

>> No.10023993

>>10023086
i make 22k after taxes a year. middleclass eurofag here

>> No.10024044

>>10023993
>22k
>middle class

>> No.10024051

>>10024044
B-but Abdul and I get free healthcare and live .8 years longer than the average American, it's worth it

>> No.10024083

>>10024051
Also less endangered to be shot by niggers or rednecks, better food, better houses, better school system where you also dont get shot most of the time, more holidays, no debt after studying. To pick a few examples.

>> No.10024103

>>10024083
If you live in a white/Asian neighborhood, the murder rate is the same or lower than the average European neighborhood. Food, subjective. Houses, kek, enjoy your cultured cucksheds. Schools, we have the best universities in the world. Holidays, true if you're only talking minimum wagies, people that work good jobs get much more time off. Debt, only a problem if you're a retard and went to a private school.

>> No.10024123
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10024123

>>10023086

>Boomer dad makes $250,000/yr for 15 years and then $350,000/year for 25+ years.
>Only has 400k in his retirement account and nothing else because he fucked up badly financially and also bought a house in the CA housing market and then shortsold it with debt.
>Mfw if he had just invested 20% of his after-tax income we could have been rich and I would have been able to NEET it up instead of wageslaving.

REEEEEEEEEEEEE

>> No.10024127

>>10023086
12k€ yearly here
Don't make me depressed, I'm going back to work tomorrow

>> No.10024142

>>10024123

>Also grandparents put all their networth into GE stock at ATH and baghold it all the way down.

JUST

>> No.10024158

>>10024142
In 20 years there will be 50 year old boomers that made millions on crypto and then put it all into Tesla stock, and their 20 year old boomer children will be lamenting that their boomer parents didn't reinvest it in holographic waifu stocks

>> No.10024176

>>10024158

Still, GE has been in a constant downtrend since 1998. I mean, even if they had cut it at 50% loss and stuck it in a mutual fund they would have done better...

>> No.10024187

>>10024176
Getting JUSTED for 20 years straight and still holding. Holy shit that is some dedication.

>> No.10024248

>>10024187

They are literally like NANO bagholders. My grandmother once told me as she was buying more @ $20 that she felt like she was stealing it at those prices.

>> No.10024319

>subtract taxes
>subtract living expenses
>add inflation
>realize that 80k is 90th percentile and you should consider yourself lucky

slaving away 20 years so you can have piss all for retirement and your children. wow what a dream