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/biz/ - Business & Finance


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16734499 No.16734499 [Reply] [Original]

30 years old here. Parents bought me 3 properties, one which I live in and two other that I rent. One was when I studied in college, and one that I live in and one near that one I have to take care of. Properties combined are worth 2.1 million. After the carrying costs (hoa fees, property taxes, repairs, etc) I'm probably pulling in about $4800/month before income tax.

That sounds like a lot of money, but I live in a major US city and probably only put away 1.5-2k per month, sometimes none. Also I'll go on elaborate vacations sometimes which wipes out my savings pretty bad. Right now I have about 50k in crypto (I cashed out about 400k since 2017, ATH was almost a million), and 100k in blue chip stocks.

I'll also be inheriting an additional 4 million in properties. I'm not saying this to brag, I know I've "made it" already in a sense already and yes, I'm using my free time to pursue my dreams... BUT, I
have a lot of fucking free time. I spent a lot of it reading and improving myself, but I feel like I need to get back to work, even if it's a menial job, just for a sense of structure in my life.

What is something that I can do in my free time to earn some more money? I don't want to drive uber or deliver food. What's something that I can do that nets me like 600-800 a week? I want to start a travel fund so I can actually earn money to travel with instead of wiping out my savings.

>> No.16734532

>>16734499
tl;dr kill yourself faggot.

>> No.16734654

>>16734499
you made another thread? You absolute degenerate attention seeking FAGGOT

>> No.16734670

>>16734499
Dude you suck. Suck at managing money even when given millions lol

>> No.16734678

>>16734499
You might as well just kys. No one wants you here, nor in real life, you utter failure.

>> No.16734715
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16734715

>>16734499
seriously fucking kill yourself

>> No.16734816

>>16734670
Oddly enough I think that real estate in popular cities of first world countries is the top asset class. You pretty much are guaranteed at least a 3% cap rate, whereas with mutual funds and other stuff, you're hitting maybe 4-5% average... which is better, but you're also heavily exposed towards economic downturns and depressions.

The first thing to get obliterated during a depression are the money markets. Real estate comes next, but if you own your properties outright like I do, your exposure barely matters.

>> No.16734826

>>16734715
How does my post warrant a "clown world" meme? I'm literally the american dream you were promised. My grandparents immigrated from eastern europe, my parents started a business, and now I'm a landlord. We also aren't jews.

I'm LITERALLY what people on this board aspire to be.

>> No.16734839

>>16734499
>600-800 a week?
Business but you'd have gradually scale to get there and you'd be spending thousands (probably) to make a 600-800 ROI
Flipping houses, not sure if that's weekly unless the house barely needs any work done
Stocks and day trading

>> No.16734856

>>16734826
>I aspire to be an incompetent faggot who’s only where he is in life because of his parents
No OP, no I do not.

>> No.16734860

>>16734839
I'm really not looking to do much work, just some menial task with flexible hours so I can maintain some semblance of a "normal" schedule while making 600-800 a week. Like Uber would be perfect but I don't want to risk picking up someone I know. Also I drive a 70k car and don't want to pick up random drunk or dirty strangers in it.

>> No.16734918

>>16734856
Well, you're going to have a tough time then. The unfortunate reality is that wealth, even the small amount I have, takes generations to build unless you make over 400k/year.

Most successful entrepreneurs come from rich families, who fund their failures one after the other until they succeed. You'll never hear about any of the failures, of course.

So if you plan on making it and not being an incompetent faggot then hopefully you're at Wharton getting your MBA right now so you can access exclusive trading floors on wall street

...but we all know that's not happening.

>> No.16735084

>>16734860

>wahhh wahhh I was born into money and i feel useless

yeah its probably because you are. How about you go to school or get a trade and have a real skill.

>I dont want to risk picking up someone i know :'''((((

go cry some more baby faggot

>Kill yourself

>> No.16735123

>>16735084
lol stfu you neet