/biz/ - Business & Finance

[Anonymous No.15415603]

How much money is enough to retire at 25 y/o

[Anonymous No.15415611]

>>15415603
30 bucks

[Anonymous No.15415613]

wrong question, you can have X in gold and it wont be enough and you can have <X in i.e stocks and gain enough passive income to live from it

[Anonymous No.15415617]

>>15415603
80k a year

[Anonymous No.15415620]

need high IQ to deal with loads of money and im afraid you dont have that considering you are here asking retarded questions

[Anonymous No.15415625]

if im getting right signals, op is kind of person who has no ambitions. SO the answer could be 100$ is enough cuz you aint gonna never leaving home but live with ur parents till actual retire and you let them pay everything... :D:D:D: have a spine.

[Anonymous No.15415629]

>>15415603
It depends on how well you know how to manage money. You can retire on 500k if you know how to invest it. you can retire on 3 mil and can invest it to make 10 mil. Objectively to retire in a state that has an average income of 30K a year, You would need 1-2 million to retire in a midwest or southern state. To retire say in Jew york or commiefornia you will need upwards of 5M just to begin. Location makes a big difference.

[Anonymous No.15415636]

60 years to live
40k a year to live on
2.4 million $ in total
or
2.4 mil coti tokens.

[Anonymous No.15415646]

>>15415629
To add, To have a budget of $1000 until you die from the age of 25, You would need around 1 million. So objectively if you wanted to have 5000 a month for the rest of your life to retire on you would need 4.5 million.

[Anonymous No.15415654]

>>15415646
This is assuming that you live to 100 years old, Which you probably won't so let's say 85-90 years old.

[Anonymous No.15415664]

>>15415654
So in short OP to answer your question, 5 million is what you would need to retire comfy, 1-2 million is what you could retire with at the bare minimum.

[Anonymous No.15415673]

Probably 200k BPRO token will be enough to stay safe in the future.

[Anonymous No.15415691]

>>15415629
I take home 67% and can save 75% living with parents. So in order to have 500k saved up I'll need to gross a million. That's 15+ years of spartan living even on a moderately successful career trajectory.

[Anonymous No.15415709]

>>15415603
Depends. For me 20k/y is enough if I have freedom

[Anonymous No.15415745]

>>15415603
Exactly what >>15415629 said. In my country you can consider you have an average high sallary if you earn around 28k€ / year but most expenses are cheap. If I can get half of that for the rest of my life per year I'm free for good. I'd only work for fun and to fulfill my free time when I get bored of hobbies

[Anonymous No.15415808]

>>15415603
FUCK U AND GET A FUKKING JOB DAMN WANKER

if you have money left SURE buy some lottery who knows?!?! Maybe you can buy it in bitcloud pro app but dont bet u will win 80 million , just get a jobbbbb

[Anonymous No.15415894]

>>15415603

2.5 - 3 Mio. USD in stocks

[Anonymous No.15415944]

Buying XFT as soon as they are able to trade.
xFutures could be big.

[Anonymous No.15415981]

>what is inflation: the thread
If you're a single man with no family to care for and already have a paid-off house, you should comfortably live off 80k annually. Common sense would say you'd need $4.4 million to retire at 25 (assuming you die at 80). However, since inflation is a thing, you need much more. Let's be nice and say inflation rate per year is 1.5% where you live. That means you will actually need $9.9 million to retire, and that's being nice.

[Anonymous No.15416051]

>>15415944
4000$ made from 2 events HAHA

[Anonymous No.15416130]

>>15416051

good job, i missed the first event
but the 2nd event i had a very small stack but i made 200 usd, whatever bought some nice weed from it

[Anonymous No.15416199]

You can retire easy with 500k. Just take a 1/5 and reinvest into a passive income of some sort.

[Anonymous No.15416217]

To be financially free i would say you need like 5 million coti.

[Anonymous No.15416230]

>>15415981
Unless you have most of it invested to beat inflation, Which is possible.

[Anonymous No.15416233]

>>15415613
this is the only answer. replace your income with passive streams, then enjoy

[Anonymous No.15416236]

>>15416199

Example?

[Anonymous No.15416244]

~25x your annual spending put in the right mutual funds. Please note that this requires our market continues the same way it has for the past few decades.

[Anonymous No.15416262]

>>15416236
500k is put into passive income, 20% is kept for expenses(100k), 80% is reinvested into passive income shit(400k).

[Anonymous No.15416283]

>>15416262

I meant an example of passive income

[Anonymous No.15416297]

>>15415603
>retire at 25 y/o
wtf

[Anonymous No.15416307]

>>15416283
CD's, Stocks dividends, Crypto Staking

[Anonymous No.15416353]

>>15415603
$140

[Anonymous No.15416388]

>>15415603
I don't think you mean retire, I think you mean stop waging and successfully rely on my crypto investments to survive while living a somewhat comfy life.

It depends on what you invest in, but once you have around 500k you can take 10k out for rent for the year and comfortably trade knowing you won't be homeless for a few months regardless. No reason to stay in a big city if that's where you are

[Anonymous No.15416411]

I say 10million is good to retire. You also need to pay the girls you are raping and the lawsuits etc. Or you can simply buy BPRO and make a chill in 1-2 years.

[Anonymous No.15416422]

>>15416297
You can easily accumulate over 600 btc by 25 if you have been trading since you were 18, even if you started off with only $1000

[Anonymous No.15416433]

>>15415603
Depends of your age

[Anonymous No.15416580]

>>15416388
>i dont tink u meen retiring u men retiring but also quitting being no retired

[Anonymous No.15416680]

3 million is enough depending on where you live. Investing is key to retiring early, gold, silver, btc and COTI look good.

[Anonymous No.15416739]

>>15416217
You're undervaluing it 2 million COTI is more than enough to buy a mansion, yacht and two Rolls Royce

[Anonymous No.15416742]

Few millions and good passive income. Add a BPRO bag, it will help you setting a step towards the retirements club.

[Anonymous No.15416852]

>>15415603

Depends on the person. I’m working towards the goal of retiring at my 30th birthday. Betting huge on xFutures with staking 20ETH kek

[Anonymous No.15417011]

>>15415603
You're holding monopoly money OP switch it up for real currency like BPRO. While you're at it try out their lottery and check how lucky you feel.

[Anonymous No.15417014]

>>15416217

Rookie numers, atleast double up my fellow Jewvestor

[Anonymous No.15417134]

>>15415603
700,000 twice a week

[Anonymous No.15417142]

50k a year to live
75k a year to enjoy life
100k+ for luxuries

[Anonymous No.15417806]

It sounds stupid but i s taked 1 million on lending platforms with average 6% interest +

I get 60000 interest per year that is 5000 per month.
I use 3000 per month for expenses
and 2000 i use in alt trading.

I invested a bit in ETH waiting for the x10-20 not gambling on shitcoins. Staked in edge ware and xfutures

[Anonymous No.15417825]

>>15415603
1 mill not even memeing 40 k per year income in a high interest savings account is enough to exist on for 70 more years.

[Anonymous No.15417855]

Realistically, $1.5 million invested if in a good dividend growth portfolio.

You could live off of $50,000 the first few years and that number will continue to grow as the companies raise their dividends every year. You'd never have to touch the principal and by the time your 35 you'd have 80K plus per year. And this is if you don't invest a single cent afterwards.

[Anonymous No.15417862]

>>15417825
It's funny you think high interest savings accounts will exist much longer.

[Anonymous No.15417908]

>>15415603
Get a drivers license. Fly a sign everyday for spare change. Get food stamps meanwhile. Don’t buy anything until you have around 500 in cash. Fly a sign at a new location begging for a car.

Once you get the car; buy cheap tools from craigslist/harbor freight and start watching youtube videos for repair knowledge.

Post ad on rideshare section of craigslist offering transportation, get some regular clients. Drive around and pick from dumpsters and curbs for things you can sell. Do odd jobs for cash.

Most importantly; start gasjugging, just walk around with a gas can and ask people for gas at pumps. Travel to a rainbow festival and do drugs, you made it.

[Anonymous No.15417926]

>>15415603
250k in the S&P500 should support a withdrawal rate of 4% per year that will adjust to inflation. $10k/yr doesn't sound like much but it's plenty if you're wise with your purchases. A paid off house/condo would make that even more comfortable. 500k should support $20k/yr which would also be more comfortable.

[Anonymous No.15418004]

>>15415613
>>15416233

This. Once you have enough passive income to sustain yourself, you are free. If you're already at that point I'd suggest you continue to wageslave a little longer to have enough $ to start getting into rental properties

[Anonymous No.15418043]

Yep as many have said. How much money do you want as income every month? Do you want one big flip or multiple smaller flips? But I’ll recommend getting XFT via staking. It will do a minimum of 10x

[Anonymous No.15418097]

>>15417806
>It sounds stupid but i s taked 1 million on lending platforms with average 6% interest
It is stupid unless 1 million is under 15% of your assets. Those lending platforms are risky as fuck. P2P lending might be similar risk or less and they return 12%+

[Anonymous No.15418187]

>>15416411

It's a pretty good earner for now, but let's be honest it's just an inferior Orion Protocol.

[Anonymous No.15418209]

>>15417825

Maybe in the 1800's. Effective inflation is over 12% annually in the US now, worse in Europe.

[Anonymous No.15418236]

>>15415603
it is too risky to not work some type of job, active investing is pretty much a job

[Anonymous No.15418245]

Index fund paying you ~$65k/year is enough to make it.
I'd want at least $100k liquid to fuck around with before I'm ready to retire.

[Anonymous No.15418248]

>>15415603
1000$ should be enough. Buy a gun and kill yourself. You are retired then (or retarded?)
But without killing yourself i think you need to invest. My biggest investment i built up with COTI. They also introduced the new cotipay today.

[Anonymous No.15418254]

>>15417926

Are you serious? What about the 200 trillion unfunded liabilities the US owes?

[Anonymous No.15418256]

>>15418209
>Effective inflation is over 12% annually in the US now, worse in Europe.
>12%
I believe this but what data are you using for sauce?

[Anonymous No.15418260]

>>15415603
Calculate how much you need annually.

Multiple that by 20.

You need however much will get you what you need at 5% annual return.

[Anonymous No.15418298]

>>15418256

Cost price indexes mostly. I also live in the EU so I can just look at store prices and they've tripled in the last few years for many products. Even the official numbers are over 3%

If you like long detailed analysis, check out this guy
https://www.youtube.com/watch?v=72Ui2VELGsU

He has sources below his vids
Consumer Price Index, 1913- | Federal Reserve Bank of Minneapolis
https://www.minneapolisfed.org/community/financial-and-economic-education/cpi-calculator-information/consumer-price-index-and-inflation-rates-1913
United States Core Personal Consumption Expenditure Price Index | 2019
https://tradingeconomics.com/united-states/core-pce-price-index
Alternate Inflation Charts
http://www.shadowstats.com/alternate_data/inflation-charts
2000 | Morris County Library
https://mclib.info/reference/local-history-genealogy/historic-prices/2000-2/
2014 | Morris County Library
https://mclib.info/reference/local-history-genealogy/historic-prices/2014-2/
Toilet paper: Bigger cardboard rolls, smaller sheets, same price - Los Angeles Times
https://www.latimes.com/business/la-fi-laz-shrinking-toilet-paper-20150121-story.html
Call It Desheeting Or Bulking Up: Any Way You Wipe It, It’s Less Toilet Paper At The Same Price – Consumerist
https://consumerist.com/2013/07/26/call-it-desheeting-or-bulking-up-any-way-you-wipe-it-its-less-toilet-paper-at-the-same-price/
Toilet Paper Tests | New Winners - Consumer Reports News
https://www.consumerreports.org/cro/news/2014/03/the-toilet-papers-that-top-consumer-reports-tests/index.htm
The Proven Price-Hike Strategy That Won't Hurt Sales | Inc.com
https://www.inc.com/ilan-mochari/raise-prices-upset-customers.html

[Anonymous No.15418489]

>>15416422
>if you have been trading since you were 18
ahh yes, let me just fire up the good old time machine

[Anonymous No.15418673]

I think 100million is enough. 1million i would pump into COTI and wiht 99million i would do shit. Buy animals and would let them fight each other and shit like this. Also i could let niggers fight each other.

[Anonymous No.15418732]

>>15415629
>You can retire on 500k
pretty much. brainlets will insist you need millions to make it, but anyone with half a brain could make decent passive income from this

[Anonymous No.15418741]

>>15415664
NOOOOOOOOOOOOOOOOOOO

[Anonymous No.15418749]

>>15415603
like 2 million usd, that is the avg a human makes in a lifetime in western countries

[Anonymous No.15418802]

There is a new steam competitor. Its called Ultra and i think if you manage to get the tokens, you will be filthy rich when it spreads some more awareness.