/biz/ - Business & Finance

[Anonymous No.10099095]

/biz/ what do your finances look like?

>29
>making 60k
>only debt is may car
>24k in savings
>still feel infinitely behind everyone else

[Anonymous No.10099140]

>>10099095
>24k in savings
>Has a car debt
What kind of retard wouldn't just pay that all off?

[Anonymous No.10099154]

>>10099140
That 24k is rainy day money. Planning on paying it off when I have around 50k this time next year.

[Anonymous No.10099199]

>>10099154
>Rainy day money
You should leave biz just to stay smart. No joke

[Anonymous No.10099214]

>>10099095

>25
>£60,000
>Worth -£16,2000
>£19k credit card + overdraft debt
>Back in the black in July 2019

[Anonymous No.10099216]

>>10099095
>30
>income: 0
>no debt, have a house worth 300k€
>20k in crypto
>1k on bank

[Anonymous No.10099258]

>>10099154
How much do you owe still? $24k seems a little excessive for a rainy day fund if you can easily pay off a car with $10k of that and end up paying less overall

[Anonymous No.10099287]

>40
>No job, ~20k passive income from dividends and interest
>205k stocks
>210k cash
>58k retirement fund
>no debt except credit card paid off in full monthly

[Anonymous No.10099300]

>>10099095
>18
>recently graduated HS.
>15k USD in crypto (OMG, BTC, ETH)
>7,500 USD in stocks.
>1k USD in savings.
>car worth around 18k.
>no debt.

How am I doing? My plan is to retire by early/mid 30s I will also be going to college debt free.

[Anonymous No.10099304]

>>10099154
Fucking retards that don't understand interest

[Anonymous No.10099311]

>>10099095
You are beyond most folk, just look behind you and see how many people are trying to make it with shit pay and no direction in life.

[Anonymous No.10099332]

>>10099095
BBRRRAAAPPPPPP

[Anonymous No.10099342]

>20000k

[Anonymous No.10099349]

>>10099095
>25
>making 210k
>no debt
>100k in savings
>still feel infinitely behind everyone else
it's really a perspective thing

[Anonymous No.10099351]

>>10099287

absolutely retarded to keep 200k in cash

[Anonymous No.10099358]

21, pursuing B.S. in econ

No debts and my tuition is paid for by parents (best thing of my life desu)

Net worth: $3K savings, $6k equities, $1k crypto (ETH).

Working as a summer financial analyst intern making $17/hr. Saving for discretionary $ to study abroad in London/travel Europe next semester

[Anonymous No.10099368]

>>10099216
How you pay property taxes and insurance there smart guy?

[Anonymous No.10099385]

>>10099368
Raw skill and talent

[Anonymous No.10099388]

>>10099368
Yeah, i still have to figure that out, probably with my crypto for now if needed, but it's not that much here, maybe 1k/year insurance + tax.

[Anonymous No.10099390]

>>10099351
Depends what currency

[Anonymous No.10099413]

>33
>successfully dodged the crypto curse
>old fashioned wagecucking and saving

[Anonymous No.10099436]

>>10099095
80k car
100k crypto
0 debt
Rent free

[Anonymous No.10099606]

>>10099351
I get 2.87% interest
Im keeping cash just in case the stock market falls so I can buy cheaper

[Anonymous No.10099641]

>>10099095
i wanna feel behind her

[Anonymous No.10099664]

Car debt makes you a plebe, sorry

[Anonymous No.10099757]

>>10099095
>34
>about 50K + 0-10k average investment returns from swing trading
>14k in stocks right now, about 1k of that is sitting in cash due to a sale on Friday

I was up for promotion last week that would have bumped my wageslave stipend to 65k but management fucked me. So still 50k. I dunno if they want me to quit or what but I'm not giving them to satisfaction. I'll sit on ass and day trade whole shift until they work up the gumption to actually fire me. Days of trying to do a decent job are officially over.

[Anonymous No.10099786]

>>10099664
Spanish anon posting from android detected

[Anonymous No.10099797]

BBBBBBBBBRRRRRRRRRRRAAAAAAAAAAAPPPPPPPPPPPPPPPPPsnnnnniiiiiiffffffffffff...oh yes my dear....sssnnnnnnnnnnnniiiiiiiiffffffff....quite pungent indeed...is that....dare I say....sssssssnniff...eggs I smell?......sniff sniff....hmmm...yes...quite so my darling....sniff....quite pungent eggs yes very much so .....ssssssssssssssnnnnnnnnnnnnnnniiiiiiiffffff....ah yes...and also....a hint of....sniff....cheese.....quite wet my dear....sniff...but of yes...this will do nicely....sniff.....please my dear....another if you please....nice a big now....BBBBBBRRRRRRRAAAAAAAPPPPPPPFFFFFFFFLLLLLLLLLPPPPPPPPPFFFFFF Oh yes...very good!....very sloppy and wet my dear....hmmmmm...is that a drop of nugget I see on the rim?...hmmmm.....let me.....let me just have a little taste before the sniff my darling.......hmmmmm....hmm..yes....that is a delicate bit of chocolate my dear....ah yes....let me guess...curry for dinner?....oh quite right I am....aren't I?....ok....time for sniff.....sssssnnnnnnniiiiiiiiffffffff.....hmmm...hhhmmmmm I see...yes....yes indeed as well curry......hmmm....that fragrance is quite noticeable....yes.....onion and garlic chutney I take it my dear?.....hmmmmm....yes quite.....BBBBBBRRRRRRRRPPPPPPFFFFFFFFFFFFFFFFFFFFFTTTTTTTTTTT Oh I was not expecting that…that little gust my dear….you caught me off guard…yes…so gentle it was though…hmmmm…let me taste this little one…just one small sniff…..sniff…ah….ssssssnnnnnniiiiiffffffffffff…and yet…so strong…yes…the odor….sniff sniff…hmmm….is that….sniff….hmmm….I can almost taste it my dear…..yes….just…sniff….a little whiff more if you please…..ssssssnnnnnniiiiiffffffffff…ah yes I have it now….yes quite….hhhhmmmm…delectable my dear…..quite exquisite yes…..I dare say…sniff….the most pungent one yet my dear….ssssnnnnniiiiffffffffffffffffffffffff….yes….

[Anonymous No.10099844]

>29 soon to be boomer
>Making $120k after tax, (only been in the role 6 months)
>$16k savings but about to go 3 week holiday to the sates
>portfolio was at $175k ATH but sitting at $94 atm
>debt is mostly uni fee's and a $5k credit card
>still feel infinitely behind everyone else

[Anonymous No.10099849]

>>10099797
:^)

[Anonymous No.10100181]

>31
>Income 130k
>Net worth around 50k, savings, securities and assets
>15k in student debt which I’ll pay off in full after tax return
>Feel a little behind but spent my 20s travelling, so don’t really care

[Anonymous No.10100272]

>>10099358
That trip will be the best money you'll have spent so far in your young life if you swing it right

air bnb's and hostels are cheap as hell--Wales and parts of Scotland are cheap, eastern Europe is cheap, Spain (especially southern spain) and Greece and Portugal are cheap

use bla bla car (ride sharing app) to get around

[Anonymous No.10100867]

>>10099287
That's pretty high passive income for only about 400k. How'd you do it?

[Anonymous No.10101121]

>>10099095
25
108K after bonus (thank u engineering school)
debt free
18K in 401K
8K in company stock
13K equity in car lol

and $10M equity in my Ashkenazi brain

[Anonymous No.10101346]

>>10100867
Most of my money in shares are in a vanguard high dividend ETF that pays about 7-8%

So thats 14-16k from dividends

and the cash is getting 2.78%

which is about 5.5k

= about 20k

if i put it all into the ETF i can get about 30k passive income

it's Australian dollars thought so in US dollars its 25% less

[Anonymous No.10101438]

>>10101121

what kind of engineer? Engineer also only 80k....

>26
>80k a year Engineer
>300$ savings
>35k Uni debt (jobs pays for it monthly :))
>had 100k in crypto ( that was a month ago)
>sold half

[Anonymous No.10101748]

>>10099140
When I bought my car, I got it just before the new models were going to be released and the dealer just wanted the old shit gone. I got a 0.9% yearly rate on a 5 year loan. Financially it made more sense to get the loan and leave my money in the market, even though I could have easily paid for it.

Debt is not always a bad thing.

[Anonymous No.10101809]

>>10101121
>>10101438
guess you guys are better at interviews than i am

>stem phd
>flunk exxon on-site
>flunk biotech on-site
>2 year uni postdoc
>1 year unemployed
>1 year industry postdoc
>just started 80k at national lab
>20k savings
>15k debt

not even going to say how old i am, only that i regret wasting my life in school when i could have been a truck driver

[Anonymous No.10101822]

>>10101809
>flunk on-site interviews
lmao, those interviews are only there to see if everything you said is the real thing
you're a fucking liar and a fake and don't deserve anything

[Anonymous No.10101835]

>>10101438
Ashkenazi only capable of software not real world engineering

[Anonymous No.10101850]

>>10101822
what do you mean? i interned at exxon before i had the interview, they hired someone from mit instead. no idea what happened with the biotech company, they asked technical questions that i answered pretty well.

[Anonymous No.10101875]

>>10101346
Oh I see. Not very knowledgeable on ETFs or the stock market for that matter. However if that much gets you 20k Australian dollars, All I have to do is get 600k USD and put it into high divdend ETF's to get 30k a year AFTER taxes as passive income. Basically enough to retire for myself. Am I following it correctly?

[Anonymous No.10102351]

>>10100272
Thanks for the tips/advice anon, I appreciate it - hoping to make the most out of it I can

[Anonymous No.10102365]

>>10099216
Based boomer