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/biz/ - Business & Finance

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24985041 No.24985041 [Reply] [Original]

Why does everyone pretend that 150k usd isnt making it?
>can buy a plot of land and a decent sized house in the midwest for 50k
>easily earn at least 10% apy on the rest. 10k is plenty to live off annually with no mortgage
BUT MUH LAMBO!

>> No.24985061

>>24985041
Where in the midwest ? Gonna have to show me this on a real estate site.

>> No.24985068

>>24985041
>150k fiat
So thats like 150 dollars 10 years from now.

>> No.24985076

Because standard middle class isn't the same as luxury.
However, I do agree with you anon. I just want my crypto to help cover even just the downpayment on a house.

>> No.24985077

>>24985041
>easily earn at least 10% apy
Where?
>>24985041
>10k is plenty to live off annually
That's far, far below poverty line. You would literally struggle just buying ramen.

>> No.24985096

>>24985041
Get off the US you fucking country-simps

>> No.24985132

>>24985041
Yeah, I don't think a trailer in a meth village is "making it." If your idea of "making it" involves living somewhere decent and never working again for a long time, you probably need $4 million.

>> No.24985143

>>24985061
dis

>> No.24985151

base is $0.70 and fucking rebase makes it even stronger, who is in? All threads are in this shilling

>> No.24985221

>>24985077
You dont even have a house payment nigger. And groceries are cheap as fuck in the United states. Dont know how to cook? NGMI
>>24985061
Just go to realtor.com and look in states like Indiana, ohio, kentucky, etc. Set the max cost at 50k and you'll see all kinds of houses sitting on 2-5 acres, left over from when old cat ladies pass away.

>> No.24985231

>>24985132
id rather live in a tent in the woods than be a wagie

>> No.24985317

>>24985041
>midwest

>> No.24985390

>>24985221
Shit you weren't lying.
https://www.realtor.com/realestateandhomes-search/Kentucky/price-na-90000/sby-14

>> No.24985404

>>24985221
>groceries are cheap as fuck in the United states
I'm aware, I live there.
>Dont know how to cook?
I do.
My point is you're living in poverty for what? To nickel and dime your way through life until you can make money again on the next bullrun? You're a cuck. Have fun living like a fucking cockroach inside of a tiny box in the middle of nowhere idiot

>> No.24985474
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24985474

>>24985041
most people don't cosider living below the poverty line income wise and not having enough money to do anything but piss in a pot and collect chicken eggs from your coop "making it", don't be absurd. Owning land and some chickens is cool, being too poor to seriously pursue new skills or support a wife/children is not "making it" in the mind of anyone but a selfish genetic dead end whose only aspiration is to be an old NEET with a superiority complex among young retards

>> No.24985522

>>24985041
because making it depends on ones desires.

>> No.24985651

>>24985132
>>24985404
>>24985474
I'm not saying that this is ideal. I'm just pointing out that the threshold to "make it" aka reach financial independence is much, much lower than this board thinks. I guess everyone has their own definition of "making it".

>> No.24985852

>>24985651
if a 25-35 year old dude did what you suggest and moved to a small family oriented town to subsist off 10k a year in a modest house, I think the first thing they'd realize is how bad they fucked up. You won't be making friends or meeting potential mates in a town like that, just the reality of it.

>> No.24985894

>>24985231
No you wouldn't

>> No.24985998

>>24985077
I second this anon's question: where do you think you are going to make a certain, consistent 10% return on your $100,000? Not in stocks, bonds, money market, CDs, or any bundle of them. The only way I can imagine is if you gather some partners and buy residential real estate and lease it out. But then you are working a full-time job managing those assets. And if you hire someone to manage them, they will reduce your income substantially. Plus, we are about to have a crisis in residential rental properties due to the idiotic covid shutdown. The fact that you think a 10% yield is out there waiting for you to pluck it shows that you don't have a clue what you are talking about.

>> No.24986088

>>24985404
>>24985474


Na guys, OP has shown us the way that all we got to do is huff glue outside of a restaurant and we've totally made it

https://www.youtube.com/watch?v=_PbuUxyi5YU