/biz/ - Business & Finance

[Anonymous No.25217926]

Anyone else have sub 100k net worth at 30?

Even if crypto 50x we aren't going to make it.

Should we all just get together and draw straws, one of us gets everyone's money and the rest neck themself? At least 1 of us will make it then.

[Anonymous No.25217949]

>>25217926
If crypto goes 50x I will have more than 100k net worth.

[Anonymous No.25217967]

>>25217926
>Anyone else have sub 100k net worth at 30?
yes
>Should we all just get together and draw straws
No. I've been to the promised land, and I will return. Once I hit six figures, I'm moving to Cambodia to start a business and have a family. I'm only a 5x away.

[Anonymous No.25217994]

>>25217926
you own less than $2000?

[Anonymous No.25218006]

>>25217926
>Should we all just get together and draw straws, one of us gets everyone's money and the rest neck themself? At least 1 of us will make it then.

this is how it just werx for males

[Anonymous No.25218019]

>>25217926
tfw 20 with 100k

[Anonymous No.25218040]

I’m 28 and have a net worth of 84k net worth. The race is on to either hit 100k by 30 or neck myself.

[Anonymous No.25218069]

I'm tweny7 and I'm only at 15-20k, 25% crypo. I don't feel bad about it.

[Anonymous No.25218116]

Inb4 people realize being rich won't make them happy

[Anonymous No.25218142]

>>25217967
To racemix? Hope you don’t make it then anon

[Anonymous No.25218171]

I used to make 90k a year but I was very unhappy and became an alcoholic. Got married, blew the rest of that shit on her, she cheated on me. I'm 34 and my networth is something like 20k. Fuck.

[Anonymous No.25218195]

>>25217967
>Cambodia
I used to live in PP. What's your experience?

[Anonymous No.25218240]

>>25218171
What's your plan, fren?

[Anonymous No.25218253]

>>25218116
>spend years on the markets
>spend years speculating on shitcoins, lose your mind getting bogged and scammed by Pajeets
>finally make it
>buy a cozy Villa in the country side, a ship and a lambo
>realize you dont have anything other than trading shitcoins and stocks
>keep playing the game
>lose it all, the Bank wins
This is how its gonna go.

[Anonymous No.25218267]

>>25218195
I lived in Siem Reap for a few months while I worked online. I left because of Covid. It was the worst mistake I've ever made. I'm going back as soon as the borders open.

[Anonymous No.25218297]

I make 120k a year from my job. am i gonna make it bros

[Anonymous No.25218300]

>>25218195
What about you Anon, how was PP?

[Anonymous No.25218313]

Got like 30k

[Anonymous No.25218385]

>>25218019
How much of that did you earn yourself though?

[Anonymous No.25218416]

>>25217926
no one have 100k at 30, except those who received a lot of money, stop larp

[Anonymous No.25218421]

>>25217926
You fucking retard 1 bitcoin is going to be worth 5 million. Just hold 100% bitcoin and stop trading and you will make it.

[Anonymous No.25218441]

>>25218297
BUY ! BITCOIN AND YOU WILL

[Anonymous No.25218450]

>>25218240

I already live simply by habit. Right now I am putting about 2-3k a month into precious metal bullion and mining stocks. otherwise, just prepping and learning to love hiking again. WAGMI.

[Anonymous No.25218484]

>>25218300
I'm an oldfag. I worked there 2003 - 2004. Taught ESL and sold drugs. I haven't been back since 2005. I heard the Chinese took over Snooky and I'm scared I'll just be disappointed. I lived in Lao 10 years ago and went back last year. Was not good.
Cambodia is a beautifully wild and free place but be careful you don't go off the rails.

[Anonymous No.25218489]

>>25218019
where's the pic newfag

[Anonymous No.25218522]

$125k net worth at 30.
>$25k in 401k
>$31k in crypto (BTC, ETH, LINK)
>$8k personal stock portfolio
>$23k cash
>$38k real estate equity

Am I going to make it /biz/?

[Anonymous No.25218560]

>>25218450
Sounds healthy anon. But overlooking crypto?

[Anonymous No.25218597]

>>25218560
I feel me getting into crypto at this point is like gambling at a game with a dealer. House knows the rules better than i do. So, maybe I am missing out but that ship has sailed in my book, not going to try to invest in a shit ton of worthless ones on the off chance one takes off. Not clever enough.

[Anonymous No.25218609]

>>25218484
Damn Anon, I can't imagine being their in 2003-2004. Did you ever travel from PP to Siem Reap? I heard the Khmer Rouge would stop tour buses and demand tribute.

Cambodia in my opinion is like the last place on earth to have the same spirit as the Wild West. You're right though, you need to be careful especially with how available drugs are.

[Anonymous No.25218639]

>>25217926
$15k net worth at 31.
Funny thing is I've worked really hard, but I fell for the Uni meme, paid for it all myself, lost my youth and my money.

Don't care too much though because I've just qualified as a tradie

[Anonymous No.25218707]

>>25218484
>sold drugs
>southeast asia

youre gonna get your head blown off dude

[Anonymous No.25218724]

>>25217926
You don’t have an income stream?

[Anonymous No.25218824]

>>25218040
You could make 12k in 2 years working any fucking job, even McDonald’s

[Anonymous No.25218832]

>>25218253
The goal is to get enough to own an island/land somewhere where nobody goes and then live off that until you die. Your daily routine will be ensuring you have food and chilling on a beach.

Material goods are the problem, all of it degrades in value.

[Anonymous No.25218909]

>>25218609
>Did you ever travel from PP to Siem Reap?
Sure, all the time. The KR stopped operating in the late 90s, though there were still remnants in Poipet.
Drugs were crazy back then. You could buy a bottle of Kettamine by Bayer for $3 OTC then. I started a series of house parties for expats where I'd sell molly and we'd snort mountains of kettamine. I would have died if I remained any longer. Quite a few of my friends did.
I'm glad it still has the wild west feel to it. You planning on finding a Khmer wife?

[Anonymous No.25218944]

>>25218832
Ever been on vacation to a tropical place?
After the 2nd week sitting on a beach all day gets fucking annoying.
Need to learn to sail and get yourself a little boat and go out there in the deep blue

[Anonymous No.25218966]

>>25218824
I have a full time job paying 70k/year. The question is whether or not I’ll be able to save/invest/gainz enough to hit 100k.

[Anonymous No.25219007]

>>25217926
Don't worry. Keep working on it. We're all gonna make it millennialbros.

[Anonymous No.25219022]

>>25218944
I would fuck women all day long every day I have never become bored of that

[Anonymous No.25219085]

>>25218909
Sounds wild Anon. It's probably not as fun as you remember now, but compared to America it still feels free.
I'd like to find a Khmer wife after I get a business running. I spent a lot of time with great Khmer girl when I was I there. She was educated, spoke three languages, and eve lived in Japan for a while. She also already owned her own home, and never asked me for a dime. I regret leaving when covid hit. I should have stayed and married her.
I'm going to try to find a girl like her when I move back, but I'll probably have to wade through oceans of gold diggers to find another girl like her.

[Anonymous No.25219197]

>>25219085
YGMI anon. Good luck mate.

[Anonymous No.25219207]

>>25217926
I still have 5 years to make an X10 before 30, then I'll go a16z retarded and invest in defi shitcoins until I make 1MIL before 35.

I live in a shithole country so that amount of money will stay intact, so I can secure a 10M net worth-bed at my 50's

[Anonymous No.25219281]

>>25219197
You too. I hope you get to visit SEA again Anon

[Anonymous No.25219349]

>>25218171
I'm making about 110K a year doing web development, but the work feels like absolute torture now. About 60K saved, probably 70-75K by spring. I'm thinking of quitting then and finding another line of work.

I wish I had the will to hang onto it for a few years, because I'd probably save about double by then, but my patience has pretty much run out.

[Anonymous No.25219371]

>>25217926
I have 110k in shitcoins, if crypto pulls a 50x in 2021 i will be set for life

[Anonymous No.25219404]

>>25217926
26y/o with like 250k all in rental properties in eastern europe with like 5%/year roi
i fucked up by cashing out in 2019 i guess, could have been at 1mm right now but i had 0 cash when this bullrun started and got left behind

[Anonymous No.25219417]

>>25219349
I did almost a decade in the army as an officer, and felt burnt out. Got out, used my GI bill to get a second bachelors and now a masters. All on the GI Bill's dime, while collecting disability and PUA. I'm NEETing it up and stacking degrees and putting every cent in investments of various kinds. oh yeah, gonna be a highschool teacher. shit pay but easy life.

[Anonymous No.25219458]

>>25219417
fuck I would hate to teach high school unless you could cain the boys and fuck the girls

[Anonymous No.25219500]

>>25219458
eh ya just wait til they graduate i guess.

[Anonymous No.25219537]

>>25219417
Nice, I'm glad they were able to take care of you. I only have my savings to fall back on, but that's good enough. No dependents at least. I'll probably move to a cheaper place in summer so I can ride things out for longer.

[Anonymous No.25219538]

>>25217926

If you 50x youll have at least a mil by early 30’s. That is making it if you just put it in boomer safe investments and you’ll be done by 40 at the latest.

[Anonymous No.25219541]

>>25219417
teach middle school instead. kids are easier and more interested in things

[Anonymous No.25219588]

>>25217926
I had sub 10k at 30
500k+ at 35
It gets better, anon

[Anonymous No.25219605]

>>25219588
survivorship bias. don't give advice like this, you have no idea what's going to happen to other people.

[Anonymous No.25219611]

>>25219458
Middle schoolers are worse.

[Anonymous No.25219671]

26 and >100k
Self made man

[Anonymous No.25219722]

>>25217926
i might not make it this cycle
>4 more years to make it

[Anonymous No.25219766]

>>25219722
If you make it before you're 40 years old you beat over 90% of normalfags.

[Anonymous No.25219794]

>>25217926
Y-yeah, so? At least I still have 2D waifus

[Anonymous No.25219976]

32 and I have about 50k net worth.
Lost several years on the college meme, and post-2007 my industry was in ruins. Lost several more years on below legal wage internships, then several more believing I was climbing the ladder. Lost what little I managed to save due to illness and discovering the euro tax safety net doesn't exist for young men. Another few years to change industries and now I'm in an ok spot.
Most men our age had our start in the recession and then were forced to sit out the lost decade that followed. I don't know many guys my age who aren't a wreck.
I'm optimistic though since I managed to start again and get a good job and am making 112k USD a year now. I'm basically at the same level as 22 year olds, but as long as I keep saving hard and my investments do ok I should be able to quit waging at 42 or so. I don't drink, smoke or do drugs so I don't expect to be a broken husk of health issues at that point either.

I expect the young guys who graduated this year face a similar fate.

[Anonymous No.25220004]

>>25218267
>as soon as the borders open
Boy are you gonna be let down
>how was PP?
It was poopoo

[Anonymous No.25220232]

>>25219022

[Anonymous No.25220287]

>>25218597
just buy the bitcorns
it's not a meme
check the stock to flow chart
this shit is hitting 6 digits no joke
don't buy everything today
but add more every day

[Anonymous No.25220539]

>>25217926
32 and 450k net worth (about 200 liquid with a nice paid for house with a big yard). I’m not rich but I hurt for nothing.
Take it from me. I could give you 200k in cash right now and you’d just want more.
Grow your wealth but learn to be happy and live in the moment.

[Anonymous No.25220649]

>>25217967
I needed to read this

Thank you

[Anonymous No.25220738]

>>25218639
same
except I only went to uni after I spent my life selling drugs and living life. K3k

[Anonymous No.25220749]

>>25219371
>shitcoins
not 50x, try -50%. better off holding BTC and be patient

[Anonymous No.25220785]

>>25220287

I'm dumping 700 dollars tomorrow into AXO or UUUU to bolster them up. Still havent decided which one just yet.. I'm still wary of crypto fren.

[Anonymous No.25220801]

>>25218040
When I was 28, I was just getting out of rehab for heroin, completely in debt and didn’t have a job.
Now I’m 33, 100k crypto stack, 50k retirement, 20k in stocks, 20k cash, and 90k/year job with no debt.
The point is, it’s really crazy how fast things can turn around.
You just have to behave and work hard.

[Anonymous No.25220811]

>>25220785
smart, crypto is due for a pullback after hitting nearly 28k, its already down to 25k

[Anonymous No.25220819]

(((Demoralisation thread)))

[Anonymous No.25220832]

>>25219404
Classic shortsighted eastern euro.

[Anonymous No.25220855]

>>25217926
I already burnt this money. If I lose everything I just write it off on my schedule D.
Bears beware my nihilistic tendencies.

[Anonymous No.25221298]

>>25220738
fuck uni, even people who make it just get stuffed into an office and never enjoy their money until they retire

[Anonymous No.25221418]

>>25217926
You’re being pathetic OP, stop complaining and start accumulating

[Anonymous No.25221459]

>>25217926
I have 3k man...have a huge gambling problem, just today lost most of my cash in online poker

feels super bad man

[Anonymous No.25221492]

>>25221459
bro no, fuck poker

[Anonymous No.25221633]

>>25218416
i am 28 and i have 350k stfu not everybody studies till 26
>>25218297
yes
>>25218522
yes
>>25218639
rip
>>25219404
5% on 250k = retirement in eastern Europe good job.
>>25220801
keep going you will be a millionaire by 40

[Anonymous No.25221641]

>>25220801
>and you can too!

[Anonymous No.25221667]

>29
>€150K boomer index funds
>€50K retirement accounts
>house valued at €450K with a 300K mortgage, only paying interest @ 1.05%
>€5K take home pay
I've got about €10K in crypto, which is within my personal risk tolerance, eat me

[Anonymous No.25221672]

>>25220801
Where did you start?

[Anonymous No.25221706]

>>25220749
BTC my biggest holding but I regret the fuck out of not being all in

[Anonymous No.25221719]

>>25217926
32yo
350k
i live at hotel mommy in socal.

[Anonymous No.25221731]

Yo I was a drink/drug addled idiot with a death wish in my 20's. I hated the world. I hated people. I wanted nothing more than to be obliterated and ideally to die before the consequences of my actions caught up with me. Some very close near death overdoses later and I realise that everything that I enjoy is within the physical realm and drugs are keeping me from it. That I'm too much of a coward to kill myself and I should stop fucking around and either get on with dying or get on with living. That if I am to live then I should be good at it. Luckily I met a guy on the come down from about 18 months of taking acid every week and explained my world view to him and we started a company. It has been 5 years and we employ 18 people. I own a 180k house which is now paid for, two cars and I've no debt. I've been in a relationship for the last 3 years and we've recently had a baby boy. I've 15k in the stock market, 5k in crypto and a private pension. I'm 33 and never thought it'd turn around like this. I was literally off my fucking face most of the time exposing myself at parties, throwing myself through windows, acting the cunt all the time.

[Anonymous No.25221732]

Bros help any armyfag out. Thinking about doing a TSP (government IRA basically) so I can store my gibs so I can still get gibs when I'm old. Do I do Traditional or Roth? Or should I buy crypto?

[Anonymous No.25221813]

>>25217926
The power of crypto is that we are in this together even though we don't know each other and don't trust each other. A thousand millionaires are stronger than a single billionaire. Together we will take over the world and nothing can stop us. We're all going to make it bro

[Anonymous No.25221972]

>>25217926
20k net worth but im gonna make it when XRP hits 2keoy.

[Anonymous No.25222279]

>>25221732
Buy a piece of property every time you PCS, pay the mortgage by renting it out to other soldiers. Do this EVERY TIME YOU MOVE and you will have an empire by the time you retire.

[Anonymous No.25222331]

>>25221731
Fuck, theres hope for me yet then

[Anonymous No.25222403]

>>25217926
24, 30k net worth so far, was alot higher but this year fucked me a bit financially

[Anonymous No.25222471]

>>25221731
Nice anon.

[Anonymous No.25222476]

>>25221732
Tradition and Roth will both be worth the exact same amount in the end if the tax rate does not change. It’s literally a guess on whether taxes go up or down. I have a traditional tsp and opened a Roth IRA to have both. Yes do it and put in the amount to get the full match. Set it and forget it. A women just retired from my job and she did this and has over a million in hers. Save money on top of that in a brokerage account. I’m doing this and should be able to retire in my early 40s.

[Anonymous No.25222484]

>>25217926
>500k at 30
will i make it?

[Anonymous No.25222513]

>>25221459
Quit.

[Anonymous No.25222599]

>>25222279
Based idea.

>>25222476
Thanks for the advice anon. I'm leaning towards Roth just because it seems like the most conservative option.

[Anonymous No.25222628]

>>25218416
Learn to speak engrish ranjadeep

[Anonymous No.25222732]

>>25221732
Do a TSP nigger my PSG made me do one and it saved my life after I got out and went homeless for a year.
5% of every paycheck went in, wish I put more because every check immediately went to partying. But thanks to the little bit I had in I could at least eat for a while.
You should honestly be hoarding money while you're in, I wish I did.

[Anonymous No.25222756]

26 year old with 100k in the bank. what to do?

live with parents rent free and save around 5k a month after little expenses I have

[Anonymous No.25222807]

>>25222756
buy a house, duh

[Anonymous No.25222824]

>>25217926

>sub 100k networth

is that like a networth below 100k?

i am a neet so yeah
i have like a 3k networth

[Anonymous No.25222991]

i'm 26
>15k cash
>14k in 401(k)
>43k in brokerage accounts
>55k share of equity in house

>$75 in cryptocurrency

just buy a house before prices go up and sell it before prices go down. it's not hard, anon.

[Anonymous No.25223059]

>>25222991
>implying the fed jews will ever allow housing prices to ever go down again

[Anonymous No.25223187]

>>25222476
It’s best to have both a Roth IRA and traditional 401k. It will give you tax planning options at retirement. There’s so many ways to Jew the IRS if you’ve planned well for retirement.

For example, qualified Roth IRA withdrawals don’t count against MAGI. If you keep your MAGI low enough, you can qualify for Obamacare subsidies and retire at 59.5 instead of waiting for Medicare at 65.

Also Roth withdrawals help keep your income low for not having taxable Social Security.

Basically you want to keep your taxable income low in retirement so you can withdraw Trad 401k money at low marginal rates and Roth withdrawals don’t count against your taxable income.

[Anonymous No.25223393]

26 with about 250k worth. I lead a boring life. Slaving isn't all it's cracked up to be. Gonna keep going for a while, maybe 3 years, I'd be at around 400k then I guess if all investments give 0%. 500k if I'm lucky market keeps going up.. I'll be 30 and I'll have done nothing in my 20s, just work.

[Anonymous No.25223628]

>>25223393
>I'll be 30 and I'll have done nothing in my 20s, just work.
What else would you do, or want to do? Partying is overrated

[Anonymous No.25223711]

> 25
> 14k € net worth
> 50% into one shitcoin
> 50% into negative yield bank account

[Anonymous No.25223930]

>>25223628
I don't know, anon. I don't even have the chance to try any other venues of life being stuck at work for 8 hours every day. What can you do with 5 hours of free time a day, and the weekend?
Seems to me like working fulltime doesn't allow for much else happening on the side. If I worked half the year and took the other off maybe at least I could figure out that there isn't anything else for me. Now I can only wonder what the other part of society does with their free time.

[Anonymous No.25223962]

>>25223930
The majority of them watch netflix and browse social media on their phone. i'm not kidding.

I'm at the same age with the same net worth and i'm planning on traveling to Mexico or Vietnam for a few months. You can afford it

[Anonymous No.25223992]

26 and i have 67k now, gonna make it by 2022

[Anonymous No.25224036]

>>25217926
my netwealth is awesome at 34 but not enough cash. only now after fucking student loans and getting enough equity to refi and lower interest rate and payments to a comfy level, do i have a joint cash investing account with my wife. goal is at least 1 mil to net 60k/year from an 8% dividend etf. this is the bare minimum to retire. only at 41k. gotta wage cuck for at least 8 more years.

shit will be on easy mode in mid 40s but i feel like my soul will be sucked by then. i dont even mind working, just what i have to do to make wage cucking worth it.

thanks for reading my blog

[Anonymous No.25224061]

>>25224036
this is of course maxing our 401ks, matching, roths, deffered compensation and still tossing a bit extra on the mortgage

[Anonymous No.25224113]

>>25218609
India still has that feel as well.

[Anonymous No.25224145]

>>25219085
Why not hit up the same girl?

[Anonymous No.25224195]

>>25223962
What are you hoping to get out of your trip?
I've been pondering about traveling as well, as you said I can certainly afford it. With 5 weeks off from work a year, a month should be a good duration trip to dip my toes in another country / the traveling meme without changing anything about my life / job. Though I'm not so sure even why. I haven't explored much of my own country, so I'd probably start at home, but I'm basically just sightseeing.. Is that really so fulfilling..?

[Anonymous No.25224245]

>29 with 50k
>Had 20k at 28
>Had $0 at 25
>Nice qt wife

I have made a lot of unfortunate financial blunders early in my life but I'm still gonna make it anons. It's never too late.

[Anonymous No.25224253]

>>25217926
>26
>barely £40k
fucking end me

[Anonymous No.25224268]

>>25218450
I like your mindset and it sounds like you got sober

[Anonymous No.25224359]

>>25224268
Quit drinking and cigarettes. I occasionally vape and I guess I occasionally smoke pot, but I live in a state where it's legal. Doesn't do much for me, but I'd be lying if I said it hadn't happened recently.

[Anonymous No.25224422]

>>25219605
/Biz/ is survivorship bias. most 30 yo can't even come up with $1000 for emergencies.

[Anonymous No.25224428]

>>25224359
I sobered up a while ago but chainsmoke still. Have plenty of money and no debt but I feel like I'm just waiting for I don't know what. I feel like the next thing a man should do now is get married and family....

[Anonymous No.25224436]

I'm 29 and I have a sub 100k NW. Granted I just hit positive net worth this year.. Took about 4 years or so. Started off making around 43k (first job at 24). I make 150k now.

[Anonymous No.25224452]

>>25224195
If you can take a few weeks off, do it in a different country and put things on full blast. Worst comes to worst you lose a few thousand, just stop being a pussy and overthinking everything.

[Anonymous No.25224667]

>31 year old boomer
>$33.0k cash
>$2.0k crypto
>$7.3k stocks
>$20k retirement
>$6k consumer debt (car loan)
>$140k student loans (income based repayment, never paying off)

if i could strike it big in crypto and wipe out my jewdent loans i'd be a lot comfier. or just triple my cash savings to $100k. i really need to make a career change.

[Anonymous No.25224699]

>>25222824
imagine being in the middle

I'm about to turn 30, and all my net worth is in crypto. We are going to make it lads all of us including the incels

[rastegari No.25224715]

Came across the DuckDAO hunters game, does anyone participate it?

Looks like this crypto incubator can provide convenient options for investments. Please, share your opinion about it

[Anonymous No.25224799]

>>25224667
>33k cash
6k debt, nigga just psy that shit off and put the stuff you have left into stocks

[Anonymous No.25225101]

>>25224428
I was married with a family, and now I live in a room I rent in a house full of old people, with my dog. I'm 34. It's jarring. Beyond jarring. But, you just rebuild, that's all we can ever do.

[Anonymous No.25225131]

>>25217926
29 with .84 btc and 35k cash Bitcoin to 500k or suicide when my dad passes

[Anonymous No.25225443]

>>25218171
>Got married, blew the rest of that shit on her, she cheated on me.
how much? this is one of my nightmares. I don't think I'll ever simp but I like to remind myself why.

[Anonymous No.25225700]

>>25225443
Easily about 90k. She was a shopaholic, a gambler, and had what I believe now was an addiction to painkillers. This was revealed over time after our marriage.

[Anonymous No.25226489]

>>25218522
$23K cash? what do you need that much for? Even buying fucking bonds would increase in value more than that much money just sitting in your account for no reason. what are the chances you'll ever need more than 10K cash even in an emergency scenario? Not gonna make it, but I havent made it either bro so no worries