There's another way.. FIRE and escape the rat race

[Anonymous No.12141017]

Wagies, listen up and listen good. It doesn't have to be this way forever, and not for 40 years.

Society is constructed to enslave you through consumption and poor financial education. It's how they trap you, I'm not even conspiracy theorizing here. Many of us, the vast majority of us will NOT invent something or start a successful business (survivorship bias at its finest). Also ignore those feel good "entrepreneur" hacks like Gary Vaynerchuk, frauds that got massive help.

The reality of it is that you'll have to get a job or live in poverty like NEETs here. Unless you got lucky on shitcoins (in which case why are you still here?) or have a massive inheritance coming, if you ever want to "make it" you'll have to work.

The key is to get started early. Find out what really makes you happy - it probably isn't a brand new Mercedes or eating out and drinking every night. Learn to appreciate the simpler things, improve yourself, educate yourself and most important SAVE AND INVEST. As much as you can. Escape the rat race by your mid 30s and never wagecuck for another person again. This is what Financial Independence is about.

https://www.youtube.com/watch?v=kD8uNm5ck0Q

[Anonymous No.12141066]

>>12141017
oh boy so I can live like a cuck my entire life eating instant ramen every day and driving a shitbox

[Anonymous No.12141116]

>>12141066
Cringe and bluepilled. What is your net income vs your expenses?

You ever wonder why """rich""" people still work and sit in traffic every day and take shit from their bosses? Yea, they're up to their eyeballs in debt due to retard tier financial decisions and spending

[Anonymous No.12141459]

>Ride your bike to work
>Make most of your meals yourself and don't eat meat for like, every meal

Suddenly you are much richer and healthier. The downside is now that you have good habits, you will live longer and need to save more money to last you your whole life.

[Anonymous No.12141555]

>>12141116

Saving 18,000 a year isn't "average", most people don't even save for retirement at all. Granted for someone who makes 500k that's really pathetic

[Anonymous No.12141639]

>>12141555
So what if "most people" aren't doing it? That's the entire point of this.

[Anonymous No.12142047]

>>12141639
"Golden Handcuffs". Feeling of being trapped more than anything, conditioned by a debt-obsessed socioeconomic system.

There are simply no alternatives to succumb to that. You may got lucky in shitcoins or business, but you may have higher success in changing yourself / your mindset. And that's hard. Shrugging off the "herd instinct" is hard and needs awareness and lots of Redpills.

[Anonymous No.12142165]

>>12142047
Sad state of affairs but there’s a lot of truth in that I agree

Most are content to be NPCs

[Anonymous No.12142190]

>>12141116
>BMW SUV
>Children's lessons
>Charity
>3 vacations a year
I'm not saying this guy is a dumbfuck but there is definitely fat to trim from this list.

Plus this is a bullshit list anyway, anyone earning 500K would incorporate themselves and enjoy that sweet 15% effective corporate tax rate.

[Anonymous No.12142246]

>>12142190
https://www.cnbc.com/2018/03/06/budget-breakdown-of-a-couple-that-makes-500000-a-year-but-cant-save.html

It’s real. Lifestyle choices... imagine if they could just save 150-200k a year. A family of 4 can easily live off of 80k. No one fuckin needs a $1.5 M house or 2 luxury vehicles. Maybe the parents wouldn’t have to pay 40k a year if they were around to watch and raise the kids instead

Lifestyle inflation creates debt ridden lifelong wageslaves

[Anonymous No.12142263]

Ok, who's going to tell him about MMM's marriage?

[Anonymous No.12142288]

>>12142263
I know he got divorced, what’s the full story?

[Anonymous No.12142304]

>>12141017

You are 100% right, so most of /biz/ will ignore you.

[Anonymous No.12142326]

>>12142288

The urge to tap that sweet fincon booty grew too great.

>really though, somebody please tell what happened

[Anonymous No.12142330]

>>12142304
Yeah figured as much, meanwhile the latest fresco/neet/wagecuck shitpost thread has 70 replies

[Anonymous No.12142475]

>>12141017

you didn't explain shit

you just threw some fucking buzz words around like "rat race" and "Financial Independence"

how about actually telling us how to achieve this you idiot

[Anonymous No.12142479]

Saving about $1700 per month, want to get it up to $2000

[Anonymous No.12142746]

finna be retire soon dog

[Anonymous No.12142779]

>>12142475
Pretty sure that's the point anon;
"Watch our documentary where we will totally tell you how to achieve this and not simply demonstrate a scenario unique to the individual"

[Anonymous No.12142790]

>>12142475
reduce your outgoings, invest everything into rental properties and index funds, wala, no more working required

[Anonymous No.12142889]

>>12142790
I have zero outgoings and an income of roughly $1250 per month... what do i do anon ;_; ?

[Anonymous No.12143091]

>>12142479
what's your plan for avoiding inflation?

[Anonymous No.12143098]

>>12142889
Open up a vanguard account and put the money into vroadly diversified funds (like Lifestrategy 80-20, or pick a few ETFs like s&p500, international stocks and bonds. Reinvest all dividends for a while, and hopefully your income will increase too. I've literally only been doing this for less than a year and my vanguards make me ~$100 a month in dividends, not retirement yet, but in 10 years with compounding, salary increases and equity gains there is no reason I couldn't hit $2000 a month

[Anonymous No.12143107]

>>12143091
equities rise over time, and having a decent fraction in bonds helps mitigate downtrends in equities. My next goal is to purchase a rental property

[Anonymous No.12143469]

>>12142889
>rental properties
Look at FundRise

[Anonymous No.12143485]

>>12142475
FIRE involves living like a stray dog while investing 90% of your income for 15 years and then retire (aka keep living slightly better than a stray dog because you definitely didn't make at least 1 million which is the absolute minimum to live decently). It's just a Reddit tier financial strategy, very popular on /r/personalfinance

[Anonymous No.12143510]

>>12143098
How much did you put in? And ATM the market is around ATH how do you feel about a possible market crash ?

[Anonymous No.12143522]

>>12141017
>thinks he's going to retire in this 30s
that's cute

let's do the math shall we?

>80k year
>20 years
>1.6 million
>minus taxes 25%
>1.2 million on the conservative side
>subtract 20k a year for living expenses, again, being conservative
>800k left
>subtract house/property
>500k
>subtract car
>475k

so you have maybe 400k or so to survive on until you die, minus medical expenses. I didn't even include children or vacation or spending money on literally anything you want - this is purely living your entire life as a single cuck who eats ramen noodles and rides the bus everywhere.

>>12142790
investing in rental property is unironically a good idea but it can be tricky nowadays considering HOA fees cost so fucking much, it really offsets any profit you could make

[Anonymous No.12144018]

based

[Anonymous No.12144039]

>>12142790
I can save 250$ a month you fuckface. How is that ever going to make me a fucking millionaire at best return if i'm lucky 5%/year. If the stock doesn't crash bitconnect levels

[Anonymous No.12144078]

>>12141017
You're on to the right thing anon. I'm going to be able to retire when I turn 35 with $1M in assets. Might not retire when I turn 35 but I will probably go part-time unless I have my own business by then. Currently 27. Fuck working until you turn 70...

[Anonymous No.12144158]

>>12142330
The only important, potebtially intetrsting thing in your post is some YouTube video. which im not going to watch.

[Anonymous No.12144199]

>>12144078
Yeah anon that 1 mill is really going to tie you over for another 40 years

holy shit what a retard you are

[Anonymous No.12144268]

>>12142326
The guy was an ass when he was just a guy with a blog. I'd imagine after they put him on national tv he became unbearable.

[Anonymous No.12144280]

>>12142889
You have zero outgoings? You don't spend any of your money?

[Anonymous No.12144297]

>>12144199
stay poor

[Anonymous No.12144317]

>>12143522
If he rides the bus everywhere, why'd he buy a 25k car? Why would anyone buy a 25k car at all anon? Used cars like 2k around here. Also, 300k for a house? You wot? Houses are like 120k here.
>this is the secret of doing this, you have to retire to rural and suburban regard states where the median income is like 30k a year and live like a king among peasants.

[Anonymous No.12144324]

I started working towards my FIRE goal of $2m by 40 at 22. 5 years later up to a quarter mil, not sure if I'm going to make it. But I am much better off than if I went the normie debt cuck route.

[Anonymous No.12144330]

>>12144039
FIRE is for people without kids who make 60k a year, or people with kids who make over 80k. It's literally "if the rich lived like normies they could stop working"

[Anonymous No.12144343]

>>12144199
5% of 1 mil is 50k, he probably can live on like 24 a year until he turns 40, 40 a year if he has a kid.

[Anonymous No.12144364]

>>12144324
You’re still in better shape than most 27 year olds. Even if you don’t hit your goal at 40 you’ll be miles ahead of your neighbors and at least have Fuck You money for any potential shithead bosses

[Anonymous No.12144485]

>>12143485
Which I would do instantly, too bad that as soon as you have a female counterpart you have to spend a shitton of money on stupid stuff and doing at leat 1 big and a few short vacations per year and fuckload of money on more stupid stuff because females

[Anonymous No.12144495]

>>12144317
Anon, maybe it's better you didn't tell them that...
>there are people on this board who actually think everyone can be wealthy
>There are people on this board who think someone else's loss isn't their gain

[Anonymous No.12144553]

you can FIRE in Thailand/Indonesia. I'm in SE-Asia at the moment and $$ takes you very far here. 10$/day for rent = nice studio.
5$ formotorbike. 10$for food. if u can get passive income of 30-40$/day you are set :D

[Anonymous No.12144565]

>>12144553
Can you give some advice on negotiating leases as a farang? Any way to rent without signing a lease? What about 3 month long leases?

[Anonymous No.12144734]

wage

[Anonymous No.12144833]

>>12144565
idk about thailand, but i'm an indo citizen so for me it's easy here :P
maybe just ask around for a under-the-table deal and give them a bribe. no one cares lol

[Anonymous No.12144847]

>>12144268
He was like every crypto pundit put together but even more boring.

[Anonymous No.12144852]

>>12142246
A family of 4 cannot live off of 80k.

[Anonymous No.12144913]

>>12144852
Mine does? Both went to college too.

[Anonymous No.12144943]

>>12144485
You fucked up and aren't in control of yourself as well as your life then, females and relationships in general are time wasters and money sinkers unless you have a frugal gf which is rare. But FIRE reminds me of GOMAD as in they are both extreme ways to achieve a goal. Balance is key. You just need to be slightly frugal and organised, do compound investment and in 20 years have enough money to retire with a salary of $50k min. If you are still young, attempt your luck in crypto.

[Anonymous No.12145064]

>>12144199
Dont you have better things to do? Go trade some shitcoins and stay poor mate..

I live in a country with free healthcare and goverment pensions so I'm fine.

[Anonymous No.12145368]

>>12144852
Maybe not in NYC..

[Anonymous No.12145564]

wage

[Anonymous No.12145648]

>>12141116
$23,000 a year for food for four is beyond retard teir. That should be halved, even considering eating out and buying the occasional meal for guests.

[Anonymous No.12145678]

>>12141017
Is this possible to do in the third world?

[Anonymous No.12145768]

>>12145678
yes, it's likely while wages are lower that cost of living is as well

whereabouts exactly?

[Anonymous No.12145777]

someone who is making bank probably enjoys their career and doesn't want to retire early

[Anonymous No.12145823]

>>12145777
>someone who is making bank probably enjoys their career and doesn't want to retire early

Possibly, but the option is nice to have regardless. The emphasis is more on the financial independence/fuck you money part rather than the retire early/do nothing/sit on a beach all the day aspect.

[Anonymous No.12145855]

>>12145823
>The emphasis is more on the financial independence/fuck you money
now that i understand. i didn't hear of FIRE or people doing it much until recently, but i had been following the general guidelines for the last 10 years anyways.

[Anonymous No.12145905]

CLEAN IT. NOW.

[Anonymous No.12145909]

>>12145855
yeah I think most people get turned off the by semantics/branding of "retiring" in your 30s and 40s. at its core it's really just about having flexibility and more choices. not sure who would say no to that.. lifestyle decisions and ignorance i guess

[Anonymous No.12146052]

>>12144852
you're right, they can live off of 60k.

[Anonymous No.12146114]

>>12143522
single cuck is an oxymoron

[Anonymous No.12146165]

>>12141116
>42k for child care
kek nigger you dumb

[Anonymous No.12146251]

wa

[Anonymous No.12146298]

Seems like I could live pretty fucking comfy if I don’t have a wife and kids. Kids seem to be the biggest expense, honestly I want someone to share my life with (would prefer a long term GF or make her sign a pre nup to avoid divorce rape) but I’ve never liked children and listening to them cry all the time would drive me insane. With that said I still will have to wage cuck till at least 40 I imagine.

[Anonymous No.12146401]

>>12141017
I spent my whole 20's traveling, moving to different places, hanging out with punks and squatters. I also did IT work every few years though, and graduated with top honors, and am a tall charismatic white man. Now I'm 31 and will be starting dev work in Spring (been brushing up and doing projects the last few months to prepare).

I was making $80k at my last job and expect I this will easily reach $100k in a couple years after sticking in the industry a bit longer and learning more on my own time. This image shows how much I can save, given current expenses, at a 30% tax bracket, over five, seven, and ten year timelines.

I think taking your 20s easy, but learning during this time, working in and out of your industry enough to stay relevant, then going hard in your 30's is a much better way to do FIRE. I'm glad I enjoyed my youthful years being wild and free and feel much more ready to go in for a long hall in my industry now that I'm a bit older. Spend my whole 20's running around wildly, then work for ten years doing work I enjoy from 32 to 41 and I can go from $3,200 savings to $875k and $77k/year interest to live off of. Maximum comfy.

[Anonymous No.12146437]

>>12146401
Having experienced six months to a year sabbaticals its soul crushing going back to corporate software development. Seeing the world really is best in your twenties and thirties though, thats true.

[Anonymous No.12146449]

>>12146401
Forgot image

[Anonymous No.12146506]

>>12146449
Greater detail. Take heed poorfag Anons.

[Anonymous No.12146545]

Invest in what?

[Anonymous No.12146646]

>>12146401
>>12146449
>>12146506
Good shit my man. Yeah there's no right/wrong way to do this.. as long as you avoid debt like the plague

Life's about living

[Anonymous No.12146720]

>>12146545
Broad based low cost index funds (VTSAX, FZROX)

[Anonymous No.12146836]

>>12146437

Shit man. I'm a software developer and I was considering doing a 6 month sabattical or so while I'm not too old (I'm 28). I don't think I'll ever be able to retire early the FIRE way, however I already feel kind of soul crushed and if I would have to go back to work after those 6 months, the soul crushigness would probably kill me... What fucking do?!

[Anonymous No.12146932]

>>12141116
well that's a good life what are you on about

[Anonymous No.12146992]

>>12146932
>living paycheck to paycheck is a good life

fucking lol. if either of them lost their jobs they'd be up shit creek and have to raid their 401ks early

[Anonymous No.12147005]

>>12144913
You must live in rural Kansas or something

[Anonymous No.12147067]

>>12147005
>rural Kansas

BS.

https://www.cnbc.com/2018/03/15/how-much-a-4-person-family-needs-to-live-in-the-15-biggest-us-cities.html

[Anonymous No.12147114]

>>12141116
> 15k a year to spend on charity
foh this is bullshit desperate fags want to hear
the list holds the same credibility as litecoin 14000 eoy

[Anonymous No.12147276]

>>12143485
I can't even imagine doing this shit for 15 more years.
I see why people get addicted to gambling now.

[Anonymous No.12147388]

>>12147067
I dunno anon
Take this house for example
> buy for 100k
> slap brick facade on the front
sell for 180-250 k

[Anonymous No.12147528]

>>12147388
compared to cities on the coast, still a bargain

[Anonymous No.12147755]

wage

[Anonymous No.12148276]

wage

[Anonymous No.12148464]

wage

[Anonymous No.12148623]

bump

[Anonymous No.12148930]

>>12142475
Every $300 you save is worth a dollar per month in your retirement. Save until you have enough to retire then do it. It’s simple but not easy.

[Anonymous No.12149196]

>>12148623

>>12146836
Here.

FIRE seems to me more and more of a pipe dream considering how fast the western world is returning towards a feudalistic society. Here on my shitty southern european country I'll never be able to make enough FU money to reach a FIRE state. I'm more partial towards mini-retirements or semi-retirements.

[Anonymous No.12149397]

>>12141116
>paying for others to raise your kids
not gonna make it

[Anonymous No.12149495]

>>12149196
>FIRE seems to me more and more of a pipe dream considering how fast the western world is returning towards a feudalistic society.

What do you mean?

[Anonymous No.12149539]

>>12149495

The elimination of the middle class, wage stagnation, ever increasing real estate prices due to chinks and boomers, western governments selling out their own people in order to import cheaper labor.

Need I say more?

[Anonymous No.12149821]

>>12149539
I’m more worried about rising salt water and the end of cheap energy. But all the more reason to enjoy life while you can. There are some posters here who seem to think it’s about retiring as fast as possible, comfort be damned - no. It’s about making your economic choices with eyes wide open, and decoupling happiness from consumption.

[Anonymous No.12149873]

>>12149539
>The elimination of the middle class, wage stagnation, ever increasing real estate prices due to chinks and boomers, western governments selling out their own people in order to import cheaper labor.

All the more reason to stockpile capital, no? If the system collapses we're all fucked

[Anonymous No.12150103]

>>12149873

I never said I wouldn't stockpile capital. I just said that it's very unlikely I'll ever reach a FIRE state.

Fuck this universe.

[Anonymous No.12150238]

>>12150103

Amen to that

[Anonymous No.12150324]

>>12143485
>living like a stray dog
elaborate

[Anonymous No.12150450]

>>12150324
brainlets can't comprehend alternative lifestyles so they shut down and dismiss financial independence as living in poverty and deprivation

[Anonymous No.12150458]

>>12147005
Chicago suburbs. Household income was actually 60k. Huwhyte people just generally don't know how to start families anymore. Those Mormons don't all make 300k starting.

[Anonymous No.12150875]

For those of use who aren't software devs, we have what's called the FU trailer

[Anonymous No.12151259]

they are selling a lie at 4%.

A brutally nasty consequence of retirement planning is sequence of returns risk. This is simply the risk that a major market downturn hits during the earlier years of retirement. For example, if a $1 million portfolio is cut in half overnight by a stock downturn, $40k of spending is now eating up nearly 10% of the yearly principal. Investment proceeds in the future cannot possibly counteract the much higher percentage drawdown, and the portfolio crashes to zero.

It is very easy to come up with point estimates following a simple 4% trajectory that magically work, but the volatility of the market doesn’t allow us that luxury in real life.

[Anonymous No.12151514]

>>12144039
Why can't you save more?

[Anonymous No.12151548]

>>12151259
What would be a better SWR then...two percent?

[Anonymous No.12151562]

>>12141116
>Salary After 401k Contribution: $464,000

[Anonymous No.12151610]

>>12150875
You'd be surprised how relatively little most software developers make for the work they do. Those 200k/year + stock options software devs that everyone talks about are the cream of the crop, the 1% of all devs. For the rest, its constantly learning and relearning new bullshit, dealing with micromanagement and task tracking, outsourcing, performance reviews not grounded in reality, etc... Having to think about work shit when you're at home.

You're better off being a top plumber than a top software dev. Both money wise and work wise. Im not kidding.

[Anonymous No.12151631]

>>12151548

4% works just fine, but valuations matter. Monte Carlo simulation using SPY historical vol as an input, you would surely run out of money retiring at peaks. Coming out of a 9 year bull run, this is probably one of those times.

[Anonymous No.12151634]

>>12141116
12k expense per year here and living very well, got all I want, I'm the kind to buy shit on amazon and that expensive digital collector item on ebay for 5k

I save 2k per year but will make it with crypto (got more than 1 btc)

seriously kek at this, is it america? 25 times more expenses oh no no no no

[Anonymous No.12151651]

>>12151634
You only save 2k a year? Why so little?

[Anonymous No.12151705]

>>12151651
because I left school early and refused to work outside of my home at a shitty office with shitty people, so I do a low tier programming job which leave me time to develop my projects which will make me free, everything else is garbage including working for 40k a month.

[Anonymous No.12151775]

>>12143485
What gets me is that these fucktards are forgoing the best years of their lives to gamble on the 'safe' stock market.

I dare you to go to /r/personalfinance and tell them that the stock market is overvalued. You get the same reaction you did on /r/crytpotcurrency last decemeber telling them it's a bubble. The fact is, we're at the top of the market cycle and these morons are going to see everything the sacrificed for get smoked up in an instance by the Jews that run the show.

[Anonymous No.12151810]

based and pilled (red)

[Anonymous No.12151901]

23, hoping to make at least 40k this time next year. Should be able to save 10k this year making $22,000. How am I doing boys?

[Anonymous No.12151903]

>>12151775
What is the best course of action at the present moment then? DCA into crypto?

[Anonymous No.12151932]

>>12141017

Fuck toy, boomer faggot! If you don’t have a Lambo and a harem of hot traps by 30 you are unironically a failure and should kys.

[Anonymous No.12152111]

>>12151610
>You're better off being a top plumber than a top software dev. Both money wise and work wise. Im not kidding.

This is kinda true. Unless.. and i stress unless you decide to specialize in an area. I fucked up by being moved from project to project. Specialization is the key

[Anonymous No.12152420]

>>12151903
Not asking fucking retards on 4chan, for one. It depends how much money you have to lose, whether you own any assets or not.

Less than $100K and no house? Go into to fucking crypto for sure. I'd be stacking BTC over the next year.

[Anonymous No.12152444]

>>12152420
What about eth?

[Anonymous No.12152539]

>>12141459
The way I see it living longer is the greatest investment.

>assume 8 more years of good health.
>invest and get back roughly 9%
>assuming you saved up enough to just live on dividends
>Cash doubled.
If you are not investing for the assumption that you aren't going to live for 100+ years you aint doing it right.

[Anonymous No.12152557]

>>12141066
People who put such value in what car they drive deserve tor be poor, and statistically speaking usually are.

[Anonymous No.12152564]

>>12152557
Corolla is god tier

[Anonymous No.12152580]

>>12151562
Not seeing the point BASED Financial Samurai is trying to make.

[Anonymous No.12152585]

>dude just make a lot of money, live like a poor person, don't date/marry and definitely don't have kids
haha epic

[Anonymous No.12152590]

>>12141066
>my entire life
when you are only 15, 6 years does seem like your entire life.

[Anonymous No.12152600]

>>12152585
I can't be the only one that thinks this is actually legitimate advice?

[Anonymous No.12152602]

>>12151901
keep building your stack. your money ball will be ready to roll down the hill by the time your 30.

BUY A CONDO. STOP RENTING.

[Anonymous No.12152613]

>>12152602
Why a condo and not a seperate home?

[Anonymous No.12152627]

>>12151903
Wait until the FRED's Retail Sales Growth (YoY) indicator says growth from this time last year is negative, then short the shit out of the SPY at 1x leverage ETF until it moves back above its 200 day moving average.

Right now despite the stock market going to shit, people are still going out and buying stuff. My local best buy had a line for chink TVs even larger than last year for Black Friday. The recession/collapse is coming, but it's not here yet. No macro economic figures indicate that its here yet. So don't be a pussy and sell off/short prematurely.

[Anonymous No.12152633]

>>12152600
It is good advice (kind of)
More importantly I think it should be live below your means, you don't have to live "poor" if you make decent money, but put away 25% at least.
Also, It's ok to get married and have kids, if you can find a trustworthy woman (or much easier, trust worthy man) with similar financial goals you can double the speed at which you tow can get to financial independents.

[Anonymous No.12152649]

>>12152633
I have been in relationships and after seeing what my married friends are going through, I decided marriage and kids is just not my thing...so this has opened a new door for me, which is financial independence.

[Anonymous No.12152658]

>>12152627
How does DCA into BTC and ETH sound? I know it's a gamble, but I'm willing to take my chances in crypto to multiply my investments quicker than traditional stocks.

[Anonymous No.12152672]

>>12152613
>Why a condo and not a seperate home?

because they are much more affordable than a separate home and make better rental properties. also less maintenance hassle. for a young guy just building his wad, thats ideal.

[Anonymous No.12152701]

>>12152672
>also less maintenance hassle
Aren't condos like separate homes in the sense that the owner is responsible for all repairs?

[Anonymous No.12152717]

>>12152701
Yes but generally they don't have all kinds of dumb shit wrong with them

[Anonymous No.12152723]

>>12152658
20% crypto max

[Anonymous No.12152724]

>>12152658
Pic related - Short when growth goes negative and SP500 under 200 day moving average.

As for crypto, you need to realize that is it not an investment and you should not "DCA" in. It can keep going to 0 forever, or it could stay where it is for 10 years. There is not an entire society built around crypto needing to go up. The government isn't going to step in to bail out Bitmain because it needs to secure the network. As such, you shouldn't put your life savings into it.

If you want to trade crypto, you need to trade it like every other successful trader has traded speculative bullshit since speculative bullshit was invented; you trend trade it.

Read:
-Reminiscences of a Stock Operator
-How I Made $2,000,000 in the Stock Market
-The Complete TurtleTrader

Once you do you'll realize why your DCA approach is wrong, and you'll know where to go from there.

[Anonymous No.12152745]

>>12152701
no. you will have HOA fees that cover exterior maintenance and primary utility laterals. you are (usually) only on the hook for the interior of the unit. they will also often ball your taxes, water, sewer, and trash into your HOA fee as well.

[Anonymous No.12152786]

>work comfy job as a programmer at a startup
>make lots of money
>blow most of it on drugs and alcohol
>little to no savings at age 30
>startup is about to IPO and i'll get millions
>didn't have to live like a peasant

feels good bros

[Anonymous No.12152955]

>>12143522

Let's all laugh at this brainlet on /biz/ who didn't factor in the entire concept of investing your surplus in his calculation.

[Anonymous No.12153756]

bump

[Anonymous No.12153768]

>>12152724
what if im optimistic about crypto?

[Anonymous No.12153932]

>>12142475
You want to know how to "make it"? It's not easy but it's pretty simple.

-get a job
-get another job if your first job doesn't give you enough extra cash to save
-DONT RENT. live in a camper or your parents house till you can afford to buy a condo/apartment.
-burn hard as fuck till you have at least $100k
this is doable in 3-5 years if you are investing in a conservative mix of bonds/stock.
-once you have your money ball and your little condo, incorporate yourself and transfer assets.
-you now no longer pay taxes like a normie
-hire a property management company
>muh profits
-yeah hire the property management company
-your rental monies feed the stock account and the dividends float repairs and your mortgage on months without a tenant
-expense everything, capitalize all profits, only pay yourself a salary if you need the money
-keep working your wagecuck job, but you don't have to work more than 40 hours a week now
-another 2-3 years and you can get another property

you could probably start with less than $100k, but the point is you need to get a money ball rolling and that shit takes a lot of upfront work. just buckle down and burn through it little niggas.

[Anonymous No.12154043]

based

[Anonymous No.12154106]

>>12153932
Good advice...too bad I'm in Cali where property is so expensive the barrier for entry is high.

[Anonymous No.12154167]

>>12154106
>>12154106
>is so expensive the barrier for entry is high.
No! It is not! Even a studio apartment is good. Build the Wealth Engine goy!

[Anonymous No.12154181]

>>12144553
You're getting ripped off on the bike rent, you know the guy is only paying $40 a month for that note and you're giving him $5 a day?


Go buy one for $300 you cheap shit.

[Anonymous No.12154295]

>>12145648
This must be based on Boomer amerifats. One can survive on at least $6,000 per year worth of food from a cheap store like Aldi's. No name brands or bullshit junk foods.

[Anonymous No.12154336]

>>12141116
>retard tier
Just say "retarded", overusing this tier meme. Cringe. Oops I mean "cringe tier"

[Anonymous No.12154736]

>>12154336
Blue tier and cringe pilled

[Anonymous No.12154962]

>>12141116

Who the fuck lives like this!?

With 42k a year you can raise 10 kids. That wife must be a money pit

[Anonymous No.12154994]

>>12143522
>spending more than 4 digits on a car on a wagecuck salary
thats a yikes from me

[Anonymous No.12154998]

>>12154962
government school for all 10, pasta all nights

[Anonymous No.12155114]

This thread makes me want to live in a van.

[Anonymous No.12156276]

>>12154336
yikes

[Anonymous No.12156651]

>>12151610
This.

Nutritionist Anon, again.

Problem is not all code monkeys will rise to Manager levels as it needs usual extroversion (you can learn it / fake it but end of the day you will be dissatisfied if you are faking it all time) and more STEM hypes continue to create never-ending supply of code-monkeys. So your seniority/experience actually doesn’t matter unless you are specialised in a niche like CyberSecurity. In all “sustainable” professions you usually are more valuable with your experience. For example MDs. I refuse to learn all latest-greatest frameworks that my workplace dictates. OS intervals / multithreading / scalability — they used to be interesting but ceased to appeal my interest as Agile BS starts spreading like wild fire converting creative devs to assembly line workers. Coding used to be good when supply was limited and few people knew it. Just like everything else it got commoditised. It’s actually very good for managers / employers and VCs. More young blood to exploit and it’s all the more better as those coders doesn’t have unions / cannibalise each other / without any standardised governing body (have never seen lawyers denigrating each other outside courts; they respect each other and registered to bar council who can attest)

Software is a good career for 3-5 years. Make as much money and investments you can afford. But invest something on yourself to find a sustainable career whee you will not be so tired to afford a sue hustle. Actually Enterprise Consultant in SAP / SAS / Oracle Financials are good stable careers as they have higher switching cost.

. 14 years experience in tech. Master of Statistics. Fluent in C++/Python/Go. 7 years in startups. Worked in SV. Pivoted to Nutrition career as couldn’t tolerate Agile BS. Happier now. Code as a hobby / write blogs / Amazon dropshipping etc.

[Anonymous No.12156674]

>>12145064
Good for you faggot. I'm stuck in this 3rd world shit hole called USA.

[Anonymous No.12156745]

>>12141017

>By mid 30s

Yeah sure, what if as soon as you leave university, you don't have your own home and you don't have your own furniture? What about your tuition fees, mortgage, etc?

[Anonymous No.12157673]

wage

[Anonymous No.12158020]

wage

[Anonymous No.12158222]

>>12156651

Based NutritionAnon does it again! What "sidehustles" do you have besides your nutritionist day job? Also, which operations do you automate in your stuff?

[Anonymous No.12158404]

>>12157673
>>12158020
wage

[Anonymous No.12158437]

>>12154295
in europe
16€ a day
fuck yeah as a fitizen eating a ton I can survive easy as fuck with 6k a year.
If I cook my meals at home, which every sane person should do for most of the time.

[Anonymous No.12158444]

Don't let this distract you from the fact that Hector is gonna be running 3 Honda Civic's with spoon engines. On top of that he just came into Harry's and ordered 3 t66 turbo's with NOS's and a Motec System Exhaust

[Anonymous No.12159130]

bump

[Anonymous No.12159706]

wa=ge

[Anonymous No.12160655]

>>12146836
Indecision will more surely crush you.

[Anonymous No.12160713]

>in which case why are you still here?

to laugh at idiots like you who

[Anonymous No.12161679]

>>12160655

Eh, that's definitely a defect I have. I usually take quite a while to make up my mind on shit.