Whats the best thing to do before my high paying job crumbles

[Anonymous No.15513394]

I am a content creator who makes gaming content on Twitch, YouTube, and Instagram. I won't say who I am b/c I don't want my fans, family, and friends knowing how much I make.

When I started getting popular and making money, my SO and I purchased a house with the intention of paying it off in ~10 years. My popularity increased, and we ended up paying it off in 3.

I've been in debt my whole life (student loans -> mortgage), but in 2019 for the first time in my life I'm 100% debt free, and it's been slap in the face. Now that I don't have any huge bills to pay, I don't know what to spend the money on. I've been doing a lot of research this past 3 months about money, and have gotten really into the idea of early retirement. I make a lot, but content creation is extremely unstable. Next year, my income could halve. Maybe it could double. Maybe I could make a viral mistake and my career could be over. So, I want to make the most out of my money now, while I'm in a position to do so.

[Anonymous No.15513398]

My 2019 Income: Roughly $90k-110k/month
SO's Income: 65k/year office job (I'm on their health insurance)
Assets: $850k house + $30k car, all paid off
Cash: $192k
Investments: $34k with American Funds, $31k in a 401k, $46k in crypto, 142oz of silver

I hired an accountant and investment adviser this year. We had our first meeting just before tax season (taxes for content creators at my bracket are BRUTAL. We're meeting again next month.

So my question is, what do I do with the money in my situation to make the most of it and secure my financial freedom? I'm planning on busting my ass to try to maintain this income for as long as possible, but honestly who knows with streaming? I'm thinking about investing in crypto aggressively, putting in maybe like $50k a month.

I hope I'm not coming off badly in this post. I realize my situation is very good and me asking advice might seem silly. It's just, I've been so focused on building the business that I never took the time to learn financial planning, and the incredible instability of my job gives me a constant, nagging fear that it could all come crashing down any day. I just want secure my family's future before viewership starts to dip.

[Anonymous No.15513407]

>>15513394
imagine the smell

[Anonymous No.15513422]

You’ve come to the right place, one our rajeets or poojas will be able to help you! Buy businesses so you dont have to rely on being a circus monkey and you can live off the income from businesses without doing anything.

[Anonymous No.15513428]

If serious, you don't want advice from this Taiwanese shirt folding forum.

[Anonymous No.15513433]

>>15513394
Buy some rope.

[Anonymous No.15513435]

[Anonymous No.15513441]

I would take about 100k and invest it in ONE, in a year you will have enough money to set up several generations after you

[Anonymous No.15513442]

>>15513398
Wanna make it? Buy link and then shill it nonchalantly to your viewers. Then when they all start to buy, dump on them. Then invest your money into a mutual fund/stocks that’ll get you $10k a month guaranteed with 0 work on your end . Then get off the internet and enjoy your life, let your get quit her job too you faggot. Also I’m pretty sure I just figured out who you are you fucking chink.

[Anonymous No.15513447]

>>15513442
My id is what you are.

[Anonymous No.15513485]

>>15513394
Are you tyler1?
If so I wanna fuck Mackaila bro
Please let me gave my way with her I'll be gentle I promise

[Anonymous No.15513494]

>>15513394
Buy a good set of kneepads

[Anonymous No.15513499]

>>15513447
>My id is what you are.

[Anonymous No.15513501]

>>15513485
tyler1 is a literal 56% mutt

[Anonymous No.15513523]

>>15513501
So what, he's likeable and you call tell he's all heart

[Anonymous No.15513538]

Property prices are crashing in some areas in the US, buy houses fix them and sell them again for more money.

[Anonymous No.15513555]

>>15513394
Do you think your girlfriend cheats on you? All women cheat.

[Anonymous No.15513566]

Non meme answer: buy a functioning business from a retiring Boomer. You can easily profit from his 40+ years of hard work creating a profitable Enterprise.

[Anonymous No.15514451]

>>15513566

This nigga gets it.

However, there are almost zero businesses which are profitable in the long run, except the ones which are based on renting of some properties.

[Anonymous No.15514466]

>>15513394
LARP

[Anonymous No.15514470]

I thought of all these things to help op like maxing 401k and other techniques to lower taxes, but then I thought what the fuck am I doing. That rich fuck can pay for that advice!

[Anonymous No.15514490]

>>15513394
>>15513398
Nice blogpost fag go buy a gun and shoot yourself or lurk for 2 years.

[Anonymous No.15514500]

>>15513398
Consider tax shelters like annuities if your income is unstable. Try having a high savings rate. Aim for more avenues for revenue. Consider selling education/mentorship programs (getting rich selling shovels). You may want to aim for 3 million in wealth before retiring.

[Anonymous No.15514634]

Which American funds? Expense ratios? 401k is invested in what

[Anonymous No.15514701]

Buy 10000 ounces of silver. 250 ounces of gold. Your CPMs will tank in the recession regardless of your view count. Is there a physical product business you could build up around your channel, then later selling that brand for 3x annual net income and only paying 20 capital gains tax. You could also expand your income from doing paid sponsorship. Really depends on your channel.

[Anonymous No.15514722]

>>15513394
pay an actual fucking financial consultant you dumb nigger retard. fuck this fucking bait post that we are all falling for and fuck you kill yourself.

[Anonymous No.15514789]

I would start buying apartments and renting them out.

[Anonymous No.15514800]

Lol I saw your post on reddit.

[Anonymous No.15514828]

>>15513398
>secure my financial freedom

index funds focused on usa, europe, and emerging markets

[Anonymous No.15514925]

Pay off all debt. Once you've paid off all debt, dump everything you have into crypto, then gold/silver, then index funds.
Once you've got 1m of everything, 300k of crypto (100k of bitcoin/ether/link each), 300k of gold, and 300k of index funds, spend your money on as much property to rent out as you can, never take a loan, just save (in fiat/usd) till you can buy.
Don't buy anything built within 20 years, it's shit that'll fall apart. Get stuff inspected.
Keep buying and renting everything out, once the passive income from renting is above 20k/month, go back to buying crypto and gold/silver.
Those 300k of index funds I mentioned? They're a just in case. Don't expect them to go anywhere other than decrease in value during an economic crash. You have the cash to spare, fuck it.
Once you've got 1m of crypto/1m of gold, spend the rest on property until your job dies.
It may die before then, that's fine. Get as far as you can in the mean time.
Try to make sure everything you buy is a tax writeoff if possible. If not, tax evasion if you can.

[Anonymous No.15514998]

>>15513394
>coming to /biz/ for financial advice


Lmao

[Anonymous No.15515058]

>>15513394
Dont go down the altcoin road. Just buy a fuckton of bitcoin every month and let it accumulate.

[Anonymous No.15515163]

>>15514998
>not coming to /biz/ for financial advice
>he thinks everyone else on /biz/ is just as retarded as him

[Anonymous No.15515186]

>>15514925
Smart

[Anonymous No.15515216]

>>15513394
-50% Silver (will start to rise pretty much from this point forward)
-30% Foreign market stocks (Will dip along with 1st world markets at the beginning of the recession, but eat up the market share that US, Germany, ect won't recover in the long run)
20% Chainlink / Another crypto of your choice (Gambling play. When people run out of fiat they'll likely rush into crypto, so good potential gains, but also a chance of 100% loss)

Tune your portfolio for the coming recession. It's the most profitable event of our lifetimes. If approached correctly you will not have to work again. Learn how money actually works, learn macro cycles and watch the markets daily. Learning money is an invaluable skill. Good luck to you my friend!

-Wish I had as much money as you Anon that would be the oligarch you have the potential to be if he did

[Anonymous No.15515244]

>>15513485
Wonder if she likes anal.

[Anonymous No.15515344]

>>15513398
How to make it as a gaming streamer or youtuber?

[Anonymous No.15515350]

>>15513394
Never thought tyler1 would come to us for help, I suggest saving up three months of your living expenses, then just spending every penny you make on the dumbest shit possible to make you bored of spending money. After that, learn how to invest in a fat dividend portfolio so if you ever decide to stop streaming you don't have to worry about money, then also buy property in any place you want to rent out, then go into politics ala Trump because you'll realize money is just a means to aquire power and politics is the way to go as a billionaire

[Anonymous No.15515389]

>>15513394
>I don't know what to spend the money on.
wow fucking kill yourself.

[Anonymous No.15515450]

>>15513398
Give me 1,000 dollars

[Anonymous No.15515466]

>>15513398
Invest 80% in a globally diversified stock portfolio and 20% in gold. Gold protects your wealth in a serious crisis scenario and stocks make you profits in the long run. Avoid bonds. Don't try to time the market, you won't succeed. People smarter than you or me have failed at it. If you want to gamble just go to the casino.

[Anonymous No.15515489]

>>15514789
This.
Passive income is the only game in town.

[Anonymous No.15515522]

>>15513394
i love this pasta
it never fails to get replies

[Anonymous No.15515523]

>>15513394
from the way you talk you could be kephrii

[Anonymous No.15515536]

>>15515522
Maybe the replies arent for OP? But for frens.

[Anonymous No.15515537]

>>15513394
All in Cruzbit. Sell when you're 50x. Repeat.

https://qtrade.io/market/CRUZ_BTC