/biz/ - Business & Finance

[Anonymous No.21191946]

What is you're "Im retired" amount? For me it's 5 million

[Anonymous No.21191996]

>>21191946
1.5m aka 1k eoy

[Anonymous No.21192012]

>>21191946
1 mil

[Anonymous No.21192045]

2m

[Anonymous No.21192046]

3 million for me

[Anonymous No.21192067]

3 million
Then I'm out, will buy a modest home in a good neighborhood, and I'll just enjoy life. Maybe I'll get a part time job that I enjoy so I have something to do and don't go down a path of drugs and alcoholism

[Anonymous No.21192086]

>>21191946
10

[Anonymous No.21192147]

>>21191946
i only hold 3k link but if we get to $200 i might sell 1k LINK and put a big downpayment on a house. would that be dumb?

[Anonymous No.21192196]

5mil but only because government will take 2mil from if.

[Anonymous No.21192199]

>>21191946
20 Million or more

[Anonymous No.21192209]

>>21191946
700k and I'll fuck off to a shithole. Keep writing code and investing. Don't think I'll ever stop

[Anonymous No.21192224]

>>21192147
otherwise i would have to wait for $1250 LINK to fully retire with a 100k interest returns each year

[Anonymous No.21192243]

>>21191946
i could do 3 million
i almost got that in 2017 (1.5 million)
i just needed one more 2x and i'd have had it set for life
but i held and now i'm at a quarter of that
rip i guess

[Anonymous No.21192257]

probably as little as $200,000. Then if just spend $150,000 on a big btc dip and hope for the best.

[Anonymous No.21192269]

>>21191946
Being "retired" is a nigger mindset. Just because you're retired from waging only means you should start your career fixing the rampant degeneracy and jewry that has spread upon the western nation like a plague.

[Anonymous No.21192276]

I live in a shitholy, 150K USD is enought to pass the rest of your life doing nothing.

[Anonymous No.21192278]

>>21191946
25,000 TRANQ
>>21190000

[Anonymous No.21192306]

3 million pounds. Enough to put me in the 99th percentile networth in the UK. Not crazy rich, but enough to afford a very comfortable life for myself and my family if I invest it properly.

[Anonymous No.21192354]

There is no "amount", I'm so diversified its insane. Think of it as a tree with a ton of branches, but each branch yields a different fruit. Those fruits eventually fall off the tree as delicious delectable treats or a moldy mess. Either way those fruits get sold or fertilize the ground sprouting new life that in turn produce themselves. Make sense?

[Anonymous No.21192352]

>>21191946
100 million, I don’t want to be a pleb single digit millionaire

[Anonymous No.21192423]

$500k will give you $15k+ interest per year, meaning you won't have to work.

[Anonymous No.21192505]

probably 2 million, given that taxes will always be a thorn in the side

[Anonymous No.21192559]

>>21192423

500000/ 33.33 = 15k.

33.33 years? How old do you think we are, grampa?

[Anonymous No.21192597]

>>21191946
the car I want costs 1 million so at least 11 millions

[Anonymous No.21192624]

>>21192306
Same. 3million after tax in the bank.

Then decent house and investments.

[Anonymous No.21192649]

>>21191946
5 mill usd and im good

[Anonymous No.21192670]

>>21191946
I'm not interested in retirement, I'm building a warchess and I'll never be sattisfied.

[Anonymous No.21192750]

>>21192559
Given an interest rate of at least 3% APR, it gives:

500k * .03 = 15k

[Anonymous No.21192781]

>>21192670
war chest* derp a derp

[Anonymous No.21192799]

>>21191946
would start to think about quitting my dayjob and focusing on my real estate biz full time at $1 mil

[Anonymous No.21192813]

I’d say 5 million. Would buy a nice pad, nice car, and live a comfortable expensive lifestyle. Would try to find an enjoyable, low stress part time job to keep myself busy.

[Anonymous No.21192855]

>>21191946
3 million is enough, with less you can stop working but only if you live alone

[Anonymous No.21192865]

1 million Portugal doesn't make taxes on crypto.

[Anonymous No.21192877]

>>21192559
15k INTEREST brainlet. You don't touch your 500k.

[Anonymous No.21192892]

>>21192276
What Country is that possible?

[Anonymous No.21192901]

>>21191946
Owning a property that i live on and having enough passive income to pay my monthly bills plus a little extra.

[Anonymous No.21192920]

>>21192276
where?

[Anonymous No.21192935]

>>21191946
2.5 million

I have no plans to do anything after having that much. Even after 1.5 million id consider leaving it all or going part time.

[Anonymous No.21192943]

>>21191946
My idea of retiring is having a plot of land with a house, chickens, bees, garden, etc. and just being self sufficient.

Im half way there so if I could get half a mil, id be happy.

[Anonymous No.21192947]

>>21192559
Wtf is that post

[Anonymous No.21193015]

>>21192750
Who the fuck is going to give you 3% APR?
Even capital one only gives .8% APY
Even the best CDs only give like 1.5% and that's for 7 year terms where you're not going to get to touch that money

[Anonymous No.21193019]

>>21192559
DeFi gives at least 8%
So 40k per year!

[Anonymous No.21193081]

$1mil.

At least that's enough for me to quit the wage grind and work on my own side projects which may or may not be profitable. But until I get there I need to keep my day job.

I just hit $500k and if I can stay employed for 2 more years at my current job my stock incentives will vest and I'll hit my target.

[Anonymous No.21193123]

>>21193015
DAI is almost always earning at least 3% Compound.

https://compound.finance/markets

Get with the times, grandpa.

[Anonymous No.21193346]

>>21191946
My house is almost paid off and I live in an extremely low cost area so I could easily live off like 20k per year. I would rather get to a point where I just have a small steady passive income rather than a massive chunk of money. I'm hoping I'll be able to get there eventually via LINK staking but I only have 1000 LINK so who knows.

[Anonymous No.21193400]

>>21192269
Utterly based. I plan to pull an elon and go all in on developing future tech. Go big or go home. I agree that being multiplanetary is our most imperative advancement. You could develop a society free of degeneracy like the pilgirms attempted. You could literally have your own planent, slaves if you wanted.

[Anonymous No.21193402]

>>21193123
defi is the future

[Anonymous No.21193473]

5-10million

[Anonymous No.21193506]

>>21192147
>>21192224
fucking delusional linktards.

[Anonymous No.21193580]

I love my job so don't think I would ever quit. Really all I'm hoping for is enough to buy a comfy house somewhere with enough left over to invest in new shit coins for fun

[Anonymous No.21193619]

>>21192243
so basically you weren't anywhere near achieving 3mm lmao

[Anonymous No.21193664]

>>21193619
he was closer than us

[Anonymous No.21193724]

>>21193123
>>21193402
>keeping all your money in something that's not FDIC insured
Extremely risky and dumb. DeFi is good for passive income sure but I wouldn't be retarded and 'retire' with just 500k or even 1m all put in DeFi. You're begging to get fucked that way.

[Anonymous No.21193792]

>>21191946
5m i will start relaxing but

10m freedom

[Anonymous No.21193856]

>>21191946
3M for me, bro

[Anonymous No.21193965]

100k. Just enough to pay off my house. We live a very frugal and modest lifestyle and if our home was paid off, we could put nearly all of our time into our daughter.

[Anonymous No.21194026]

>>21193792
Same here.

[Anonymous No.21194039]

>>21193965
adorable

[Anonymous No.21194048]

>>21193619
The first million is by far the hardest.

[Anonymous No.21194070]

>>21191946
25million no less

[Anonymous No.21194079]

$0

[Anonymous No.21194082]

>>21193965
Wish you the best anon

[Anonymous No.21194115]

>>21193619
i went in to 2016 with 20k dollars in eth and btc
this time i'm going in with 550k dollars
all I need is another 10x
watch me

[Anonymous No.21194129]

>>21191946
When I own the Rotschilds?
Only when I am at the top will money cease to have meaning.

[Anonymous No.21194218]

>>21193724
You could always get insurance to cover the possibility of contract/blockchain failure. Given that the source code is open source and both ETH and Compound's track record of holding so much value without being the code being exploited, the price of the insurance should be pretty low.

[Anonymous No.21194311]

>hit your goal
>cash out
>gubmint takes 30-40%
>60% of your goal
>not enough

[Anonymous No.21194395]

im at around 700k bong bucks, so around 850k usd, i work a wagecuck job and live at home.... idk what i am gonna do but throw it all in an investment fund and hope for 3-4 percent and maybe go travel the world once corona chan lets me and then idk. i wont touch the 700k tho.

[Anonymous No.21194590]

>>21191946
just get a house paid for, you'd be surprised how little it takes without mortgage/rent

[Anonymous No.21194647]

At the moment, it feels like 7m. But once I get there I'll probably think 10m is good. And when I get 10m I'll probably feel 15 would be better.

So who knows. I'm quite far from having that problem anyway!

[Anonymous No.21194668]

>>21194311
>cashing out in 364 days instead of 366 days
Ngmi
>>21194218
I still would never trust it. I would never consider myself retired until at least 70% of my wealth is covered by FDIC. I will probably keep a big chunk in DeFi until the day I die, but when I retire I don't want to worry about some cataclysmic market crash dragging my ass back to my wagie cage.
That's why 3m is a nice number for me.
Uncle Sam takes 600k in long term capital gains, I buy a house for 400k, put 500k into DeFi with DAI, and keep the other 1.5m across a couple banks in savings accounts and a few CDs.

[Anonymous No.21194875]

>>21193965

I'd be happy with 300k. Enough for a little house, some land, and some chickens.

Only downside is I have no wife, no kids, and am 30. I had a neglectful childhood and find it difficult to express affection and yet have a deep desire for it. At the very least I could spend my days caring for my chiggens and painting.

[Anonymous No.21194877]

>>21191946
100mm+

[Anonymous No.21195000]

Used to feel it was 5-10mm, now I realize even just 1mm is plenty. 800k in a preferred equity ETF generates a 5%+ annual dividend that is almost totally tax free (counts as long-term cap gains). 200k reserved for shitcoin pnds and buying dips.

[Anonymous No.21195033]

>>21194115
what 10x are you looking into now?

[Anonymous No.21195065]

>>21192354
take your meds

[Anonymous No.21195075]

>>21194875
You have plenty of time. Focus on yourself and don't just settle for any random girl that comes along. I had a really rough first 20 years but thanks to a guy named Stefan Molyneux, Im 30 and am doing pretty well for myself mentally. I suggest looking him up on Bitchute if you're still having trouble with your upbringing.

[Anonymous No.21195120]

>>21195065
stop taking yours

[Anonymous No.21195147]

2-3 million
I'd get a comfy place somewhere close to nature, write, work a comfy part-time job or blue-collar job every few years, changing it up so I can learn something new
Or maybe get a house in Italy, I want to live where the Romans used to live

[Anonymous No.21195170]

>>21195075

I know about Stefan; bit of an egomaniac, but I think he has very good points. I was at a truly awful place a few years ago, ive been working on my career, working on my bachelors, and focusing on saving money. I've had some dates, had some prospects so far, but I'm just feeling empty lately. I need my own place honestly, I just live in a very toxic environment with 3 severely mentally ill people and I've been working from home so there's no escape.

I'm considering a fresh start in another state like Idaho or something. Still making decisions.

[Anonymous No.21195172]

>>21195000
Did you look at the graph for the last time a similar situation happened in 1929?
After a period is declining interest rates and negative interest rates, a period of extremely high interest rates should come.
If this happens your ETF could take 3 decades to get back its previous valuation.

[Anonymous No.21195181]

>>21195147
Thinking about it more now, I probably don't even need 1 mill for that, maybe like 700k

[Anonymous No.21195236]

>>21191946
1.2 Mil

[Anonymous No.21195267]

>>21194668
> I would never consider myself retired until at least 70% of my wealth is covered by FDIC

FDIC only covers $250k per person (not per-institution).

[Anonymous No.21195268]

>>21195033
hopefully all the big boy bluechips when the bull market really takes off in 2021

[Anonymous No.21195322]

>>21192306
based ukranian

[Anonymous No.21195553]

>>21191946
100K from selling 1K link
never retiring
will use it to go to college and get a CS degree and my hobby is piano
I also have another 1K link and might sell when it's $1000+ to focus on piano

[Anonymous No.21195650]

>>21195172
Doesn't matter if I'm getting my initial yield in $. The 800k is just a tool to cover my nut. If the 800k becomes 400k but still generates 40k annual, I don't give a shit. Not worried about short-term inflation either.

[Anonymous No.21195764]

15,000 * $0.46 = $6,900

pretty easy

[Anonymous No.21195770]

My dream rn is to safely cash out 100k+, buy a condo in Pattaya, move there and live the life of a king fucking an endless supply of ladyboys while my memecoins portfolio keeps rising in value to passively sustain my lifestyle

[Anonymous No.21195791]

>>21195553
I have a CS degree from playing CS for 20years

[Anonymous No.21196025]

>>21194875
>>21195075
Stefan helped me out as well. Pretty much showed me the way on how to self heal from my childhood.

The anon is correct, you need to focus on yourself and work on self knowledge and self improvement.

[Anonymous No.21196061]

>>21195267
Completely false. It covers 250k per person per account type per institution.
An institution can cover up to 1m for a person if it is split between checking, savings, CDs, and money markets.
Then another institution can cover just as much. You generally don't want to keep as much in checking though as that's not interest bearing, but dont be a retard that is constantly transferring from savings to checking online or at an ATM otherwise Reg D will force the institution to close your account, and eventually other institutions won't allow you to open interest bearing accounts either.
t. Banker

[Anonymous No.21196099]

>>21192269
Yeah I’m thinking this is based

[Anonymous No.21196145]

>>21192892
Probably Central America or SEA

[Anonymous No.21196185]

>>21196061
Wait I should add that you can also double this with joint ownership accounts so technically you can have 2m insured by a single bank, though why you would keep it all in one bank I would have no idea.

[Anonymous No.21196202]

>>21196145
Yikes, both sound nasty to live in. Mainly SEA.

[Anonymous No.21196248]

>>21192269
Um is this real? How can someone be this based?

[Anonymous No.21196263]

>>21191946
10 million because taxes are 50% in my country
FUCK YOU JACINDA YOU HORSE FACED COW

[Anonymous No.21196275]

>>21196202
I hate the heat so neither one is an option for me.
>mfw most oceanic climates are expensive af to live in
I guess southern Chile is the only option

[Anonymous No.21196355]

>>21192269
correct, the more of us that get rich on /biz/ the more we can help save the world from the juden

[Anonymous No.21196372]

>>21192269
brrng brrng, this one's for you King

[Anonymous No.21196480]

Only gonna need 2-3 million to buy a house in Utah, and convert to mormonism. Then I have a dozen children who grow in decent public schools, in a state-wide community of pious white chads who will shoot nigger apologists and homos when shit hits the fan

[Anonymous No.21196516]

>>21192269
Yeah, I'm thinking that's pretty based!

When I make it, the first plan is to move to PR for 7 months so I qualify for 0% capital gains tax. No jogger or fence jumper is going to get any gibs from me and I'm sure as shit not going to fund some dyke from Vasser (((teach))) my kids that they're racist and need to cut off their dick and suck black cock to get good boy points. Once I cash out, I'm moving to South America to start a family and run a scuba/dive company with my friend. The job will be a fun, passive way to earn a little extra money and I'll make sure my kids are homeschooled so they actually learn valuable skills and don't learn history from a Howard Zinn like textbook.

[Anonymous No.21196626]

>>21191946
If I get 800k I could buy some land by the water in FL build a little house and sit on my boat all day wearing little fuckboy shorts.

[Anonymous No.21196627]

>>21196275
I feel you.

If I make it, somehow i'm wanting to move to EU (currently in the US). Even if I can't I'll want to move more north or north west of the US.

The fucking heat and humidity in the south kills me every year and drains my energy. To bad the south couldn't have been more north lol

>>21196355
This has come up in my mind. One of the long term goals for me is if I make a lot of money (1mil +) from LINK or crypto in general i'll be wanting to help out starting a healthy pro white community or joining up with people in Europe to save it from the shitskins invading.

[Anonymous No.21196639]

>>21192423
What do you mean interest?

[Anonymous No.21196680]

>>21192877
Do you mean by not selling you gain money? (Sorry for being stupid)

[Anonymous No.21196700]

>>21196516
how old are your kids?

[Anonymous No.21196761]

>>21194129
this. time to break out.

[Anonymous No.21196779]

If I had this much silver I'd be feeling pretty good

[Anonymous No.21196801]

5-7 million

[Anonymous No.21196916]

>>21192865
Really? Like you don't even have to pay income taxes?
Frankly doubt it but if true I might pay you a visit.

[Anonymous No.21196976]

>>21196627
Fuck off, we're full

[Anonymous No.21197030]

I want triple financial independent. I feel that's going from independent to financially secure. Should one fail there's two backups. Should all three fail it can be liquidated and I'd still have made it. I'm living pretty well on 90k/yr and keeping about a 50% saving rate. So I use that as my baseline. Three sources each bringing in 90k/yr through steaking or conservative withdrawals or whatever. The problem is I don't rebalance so I ended up something like 90% chainlink, 4% another shitcoin, and a nice collection of scams, and some ETFs. If I got 10% I have secured making it once over. I continue to work and invest, funneling rewards into other things except for my dividends which stay in the ETFs.
With crypto seeing more adoption I may move away from the dollar for the most part. Stablecoins are easier to track for tax purposes and can be used with a crypto card. For big purchases I either find someone willing to accept payment this way or use an escrow service that will facilitate end payment in fiat. The world is changing fast so hopefully my waterfowl are correctly aligned.
10 acre homestead, downtown penthouse, and a steady passive income and I'm living the dream. I'm going to play mad scientist in my lab tinkering the rest of my life. I might even upgrade some of my toys but they have such sentimental value I might just keep them. It's not like a new thing works any differently than a new, at least when it comes to tools. I put my soul into my work and I like the grounding feeling I get from using things from my past.

[Anonymous No.21197172]

>>21196516
No kids yet. I know younger teachers and family friends who have been teaching for 20+ years. The area I live in supposedly one of the top school districts in the US, but the shit they've told me that they're required to teach and how they're forced to handle students is not something any loving parent would ever subject their children to. Hearing their horror stories only reaffirmed my belief that public schools are the worst place to send your children and their antiquated techniques aren't efficient in teaching kids to develop into functional adults.

[Anonymous No.21197212]

>>21196700
my bad. the response was meant for >>21196700

[Anonymous No.21197235]

Its so fucking surreal that $5m is just a 10x for me now. WTF is going on.

[Anonymous No.21197315]

>>21192257

Looks like you have life completely figured out.

[rohatsu.com No.21197347]

fuck u money is $100mil+
hold until $2024 and u will have that from link
becasue link will hit $2000-$2500 then

[Anonymous No.21197386]

>>21192269
>>21196355
Lmao you'll do nothing but play video games just like you do now.
Let's say you actually had the balls and motivation to do anything, you're going up against billionaires who are extremely powerful and above the law.
What is a little millionaire gonna do?
Time to get back to reality.

[Anonymous No.21197448]

>>21192423
>Living off of $15k a year

I mean, you could in Eastern Europe. McDonald's workers make more than that in western countries

[Anonymous No.21198264]

I will never stop and keep on making millions and pumping 20% of my annual earnings into right wing causes because fuck communists. They all deserve to be brutally slaughtered.

[Anonymous No.21198317]

>>21192067
why not use 1 million to start up a company? That way you can still pursue what you want to, and have the necessary funding to make sure that it's either stable and/or successful?

Comes with the added bonus of making even more money and having a purpose

[Anonymous No.21198755]

>>21196480
Utah is already getting flooded with Mexicans, by the time your kids are school age they’ll have to ask Ms. García to make José stop stealing their lunch money.
>she won’t

[Anonymous No.21198770]

Total savings doesn't matter as much as being able to spend 100k/yr. If I were to retire today with that requirement, that would take around 3mil strictly in savings/investments (not including house/car/Pokemon card collection/etc).

[Anonymous No.21199171]

60 million in 2019 USD

[Anonymous No.21199190]

>>21191946
$100 M

[Anonymous No.21199211]

2k

[Anonymous No.21199463]

>>21192892
>>21192920
Sorry, i am bit late, but...

BRAZIL!

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

Only the South Part and the countryside of Sao Paolo are good places to live. $150K is almost 820K Brazilian bucks! Food here is cheap, the only problem is the fucking burocracy and random taxes - that you can avoid if you are smart enough.

[Anonymous No.21199892]

>>21199463
Nice, any place you recommend with beach?

[Anonymous No.21199982]

>>21198317
Because I want to just relax and find my purpose through non financial related meaning such as philosophy, art, hobbies, or reading.
I'm a man of few needs and few desires