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/biz/ - Business & Finance

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18411752 No.18411752 [Reply] [Original]

>New grad
>Net 4,000/month
>No debt


what do?

>> No.18411772

>>18411752
Seek wealth, not status
-a rich pajeet

>> No.18411804

go full Hindenburg

>> No.18411842

Save up 6 months of living expenses then start building your Roth 401k or ira

>> No.18411864

>>18411842
Save up through what? GIC? TFSA?

>> No.18411881

>>18411752
Huehueheuhuehuehuehue whooooooooooooo careeeeessssss

>> No.18411939

>>18411864
I just keep mine in a high yield savings account. You want that money to be as liquid as possible so you can use it in an emergency instead of going into deep debt

>> No.18412001
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18412001

>>18411752
Two janoy cresva threads on biz.
It's good to see the piss lord make a resurgence.

>> No.18412051

Go back to school for something better.

I was an idiot and got my B.S. in Physics.
Only decent job I could find was contract work for the AFRL.

Going back to school and getting my MS in Data Science this fall, I can’t continue making $50k a year, it’s soul crushing.

>> No.18412056

Send 15 buck for gas

>> No.18412313

>>18411752
10k a day big baller ceo

>> No.18413479

>>18411752
what job is this? buddy i made as much as you doing entry level jobs no degree as a manufacturing technician back 2010, technically i made more due to inflation

>> No.18413487

>>18411752
alright peace out bye

>> No.18413527
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18413527

>>18412056
>spends it on burger king

>> No.18413738

>>18411752
How much do you earn if you put that money in a bank account?
My country can gib up to 8% per year

>> No.18413768

>>18411752
Did that dude stick his dick in a beehive? He looks like he needs epinephrine.

>> No.18413842

>>18411842
Roth is a meme.

>> No.18413968

>>18413842
Idiot porch monkey

>> No.18414055

>>18413968
Not really. I’m a CPA and not a retard like you. Roth isn’t really worth it if you expect to be in a lower tax bracket when you withdraw from your 401(k). Which is most people.

>> No.18414098

>>18414055
Ok Mr. Affirmative Action

>> No.18414155

>>18414098
Ok /pol/ schizo.

>> No.18414204

>>18414055
Implying we're not going to be taxed at 80% in 30 years

>> No.18414279

>>18411752
sickening pissening

>> No.18414310

>>18414204
Extremely unlikely.

>> No.18415425

>>18414055
I don't get this logic. I imagine I'll make raises every year until I retire. Why would I not be in the highest tax bracket?

>> No.18415459

>>18415425
Most people live on a lower income from their pension than they were earning from their job, which is affordable as they have paid off their mortgage by then.

>> No.18415499

>>18414055
How is Roth a meme? I sell weekly covered calls through my Roth and don't pay taxes on it where as you would normally pay short term gains on every weekly contract. Billionaire investors like Peter Thieo have Roth IRA's with a balance of $100MM+ that will be 100% tax free when he cashes it out l. Also high leverage plays in a Roth IRA are super juicy.

>> No.18415575

>>18414204
that's what we're getting taxed now when you factor in every little way the government takes your money. inflation, taxes, fees, car registration

>> No.18415673

>>18414055
Im also a CPA and you are dumbass.
Roth's are 100% worth it.

>> No.18415760

It sick it piss

>> No.18415844

>>18415673
No, you are in fact the dumbass. I doubt you even know how to do a tax provision.

>> No.18416105

>>18415844
all CPAs do, REG you dumbass
Roth IRAs are the best thing you can possibly do
I bought 90k link in mine and now its worth nearly 300k, gonna be 5m soon.

>> No.18416115

>>18416105
No, you don’t know how to do a tax provision. I guarantee it. You don’t know ASC 740. You ain’t a real CPA.

>> No.18416272
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18416272

>>18416115
I've truly never heard of an argument hurr durr you can't do provision for income taxes. Its not even difficult. Did you not pass REG?
BTW ASC 740 doesn't even apply to Roth IRAs. Dumbass again.
Contribute to 401(k) the minimum amount to get the company match, then max out the Roth IRA, use it to buy link in a self-directed IRA structure, LLC owned by the IRA, and if have more left over contribute the remaining to the 401k to the annual limit.
There you go best advice on all of biz for today, I literally told you all how to make it.
Pic related is proof I know what I am doing and talking about.

>> No.18416322

>>18416272
I'm not saying Roth IRAs have to do with ASC 740. I'm saying real CPAs know ASC 740. REG doesn't cover ASC 740. FAR barely touches it, and I'm willing to bet that you don't know it. Knowledge of ASC 740 is the key factor between a real CPA and a "CPA." You are the latter.

>> No.18416552
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18416552

>>18416322
Real CPAs are ones who made it. I bet youre a staff at KPMG. Keep cucking schlomo Mr. Sheklestein needs his income tax provisions.

>> No.18416578

>>18411752
ahh cresva is so handsome

>> No.18416607

>>18416552
Sounds like someone who couldn't pass a Big 4 interview. No, I was at one of the much larger B4 firms for four years and left for a 25% raise. You're not going to make it with your glorified JSON parser.

>> No.18416696 [DELETED] 

>>18416607
keep coping loser
I was at pwc then left for retirement

>> No.18416713

>>18416696
Sure you did, retard. You'll be a nice bagholder pretty soon.

>> No.18416718 [DELETED] 

>>18416713
Hard to be a bagholder when you bought at presale

>> No.18416746

>>18416718
Your JSON parser is going to be worthless dude. You ain't gonna make it.