/biz/ - Business & Finance

[Anonymous No.25607657]

How to leave six figure hell?

[Anonymous No.25607733]

>>25607657
(buy + hold) * time

[Anonymous No.25607760]

>>25607657
>tfw just escaped four figures
>there are people complaining that could afford multiple houses

[Anonymous No.25607786]

it's another humblebrag i have 6 figs when most people here have 4-5 figs thread

[Anonymous No.25607805]

>>25607657
All in Ethereum (last year)

[Anonymous No.25607812]

>>25607657
Cash out and buy a home

[Anonymous No.25607836]

>>25607786
6 figures is average on /biz/
5 figures is poorfag
4 figures is pajeet tier

[Anonymous No.25607840]

>>25607786
its literally hell though. you have the sweet taste of freedom in your mouth only to be denied. "Not today, goyim you have to work for 20 more years, get back to your desk"

[Anonymous No.25607851]

>>25607657
go all-in chainlink (ticker: LINK) and you'll be back into safe, secure, comfy five figure heaven

[Anonymous No.25607854]

>>25607657
I crossed $100k less than a month ago and I'm already at $150k, basically if things keep up at this rate I'll escape 6 figure hell to low 7 figure hell before EOY. Not sure if that's possible but we'll see

[Anonymous No.25607865]

How to leave 4 digit hell?

I started with 11k in March, now I'm down bad >3k.

Please help bros, I just want to recover to 11k then leave crypto for good!

[Anonymous No.25607871]

>>25607657
Go back to five figure hell

[Anonymous No.25607888]

How to get in to 6 fig hell jesus christ how do you do it

[Anonymous No.25607907]

>>25607836
what are 7 and 8 figures?

[Anonymous No.25607917]

>>25607888
just work an save you should get there in 3 years.

[Anonymous No.25607923]

just remove a zero from your portfolio and then trade as if youre still at 5 digits. i think the 6 fig threshold adds an emotional factor

[Anonymous No.25607935]

>>25607836
>6 figures is average on /biz/
lol, it's really not. have you seen the latest portfolio threads

[Anonymous No.25607950]

>>25607888
Accumulate for years with lots of trial and error before realizing the answer is BTC/ETH/LINK. Id be a millionaire already if I didn't fall for so many scam coins

[Anonymous No.25607973]

>>25607865
Lmao you just had to hold btc and you'd be 6 figures
Guess that's what u get for shitcoin gambling

[Anonymous No.25607997]

>>25607840
Why is this board so entitled. For thousands of years your ancestors had to scrape around in the dirt looking for scraps to eat and break their backs working and you think you deserve to sit on your ass eating chicken nuggets and driving a Lamborghini for the rest of your life.

[Anonymous No.25608001]

>>25607836
You are actual retard if you believe anyone on here has even 5 digits in the majority of time year round.

[Anonymous No.25608004]

>>25607907
enough not to give a shit

[Anonymous No.25608020]

>>25607786
6 figures is hell
Post your terrible networths lads.
Ill start
>112.000 USD
Might as well kms ffs. Cant go on like this

[Anonymous No.25608081]

>>25607997
yes

[Anonymous No.25608114]

>>25607997
>you think you deserve to sit on your ass eating chicken nuggets and driving a Lamborghini for the rest of your life.
Yes.

[Anonymous No.25608121]

>>25607786
>/biz/ shilled LINK at 0.5
>It took $2750 back then to be in 6 figure hell right now

How does it feel to have severely below average net worth on a meme board?

[Anonymous No.25608126]

>>25608001
Anyone who got in on LINK in 2017 or 2018 has 5 or 6 figures.

[Anonymous No.25608148]

Buy CLF lol

https://stocktwits.com/symbol/CLF

[Anonymous No.25608189]

>>25608001
lmao cope harder faggot. I've easily put $30k into crypto over the years and held with iron hands. Same goes for almost everyone else who was here for 3-4 years.

[Anonymous No.25608192]

It's way harder from 4-5 digits to 6 digits than to 6 digits to 7 digits.

[Anonymous No.25608194]

>>25607733
Checked

[Anonymous No.25608244]

It's easier to get out of 6-figure hell than less-than-6-figure hell because at 6 figures is when your long term gains more strongly outpace your daily/monthly expenses which were previously a huge drag on returns when you only had 4 or 5 digits.

[Anonymous No.25608250]

>>25608192
Lol shut the fuck up. All it takes to reach 6 figures is a job.

[Anonymous No.25608282]

>>25607657
>How to leave six figure hell?
Move it all to coinbase

[Anonymous No.25608296]

>>25608192
That's retarded. Those increases are the same order of magnitude.

[Anonymous No.25608326]

>>25608192
>imagine being a nonheller

[Anonymous No.25608331]

>>25607836
6 figures is average for oldfags

[Anonymous No.25608432]

Buy a house in shithole country capital like Russia or Ukraine and live off the rent. Buy some place in cheap europ country and open a hipster store.
Easy.

[Anonymous No.25608438]

>>25608250
I fucking hate jews like you. I'm not going to get a real job. The job I have has me working 12 hour weeks and i feel that is too much if anything. I should not have to work you goddamned kike.
I deserve to exit 5 figure hell.

[Anonymous No.25608440]

>>25607865
how does this even happen?! We had like 2 or 3 big pumps in 2020.

[Anonymous No.25608454]

>>25607657
I just entered 5 fig hell

[Anonymous No.25608608]

>>25607840
unironically this. you go from:
"if i make a 10x i can pay my car off!"
to
"if i make a 10x i never have to work again!"

your entire view of your investments change, you start planning what you will do with all your free time and money, start looking at dream houses, cars, boats, collectables and realizing they may not be dreams much longer. then you get snapped back to reality when that alarm goes off every morning.

mid 6 figure hell is real

[Anonymous No.25608843]

>>25607997
Good goyim, succumb to the situation that is presented to you and spend the rest of your life groveling over what other people decide to give you for all your time and effort.

[Anonymous No.25608865]

>>25607657
Do the same shit you did to get in it. If you want exponentially more wealth that you currently have take risks. I guarantee you’ve been pussing out since you caught your first 100x.

[CHRONOS No.25608906]

>>25607657
In 3 figure hell just happy to be nearly at 4 figures. It's too slow tho at this rate I'll never stop investing.

[CHRONOS No.25608951]

>>25607836
What's 3 figures?

[Anonymous No.25608985]

wait for a breakout and 5-10x long with tight stops

[Anonymous No.25609015]

>>25607917
Literally this.
t. poorfag saving 29-30k/yr

[Anonymous No.25609099]

>>25608951
Africa tier

[Anonymous No.25609128]

I’m a crypto millionaire as of today. Pump it.

[Anonymous No.25609392]

>>25607786
How to leave 4 fig hell. It's depressing

[Anonymous No.25609503]

>>25607657
I just entered 6 figgy hell with the RSR pump. It's a long desert that stretches before me but the Promised Land beckons

[Anonymous No.25609547]

>>25608951
It's me

[Anonymous No.25609783]

>>25607657
UNN? literally have to check it out before reddit is all over it

[Anonymous No.25609844]

>>25608951
Less than a good monthly DCA sum.

[Anonymous No.25609931]

Just reached 6 figs today, buying link years ago was a great decision

[Anonymous No.25609989]

>>25607657
im in $700k hell myself. i wish it could just double to $1.4m this year.

[Anonymous No.25609990]

>>25607657
Just toss a coin and long BTC on heads, short on tail at x50
Either way you're leaving the 6 figures behind

[Anonymous No.25610031]

2020 was my first 6 figure year. I hope this year I'll top it. Nothing changed! It's groundhog day all over.

[Anonymous No.25610039]

>>25607854
just need 600% return on that 150k

[CHRONOS No.25610056]

>>25609547
>>25609099
>>25609844
I'll be getting my student loan soon and I can just not pay rent for a bit and use that. But then if I loose it I'm on the streets. Im sure it'll be fine.

[Anonymous No.25610058]

>>25608244
Uh what? This is brainlet tier thinking

[Anonymous No.25610068]

>>25607865
lololol i bought 2 btc with 11k in march.

[Anonymous No.25610096]

>>25608126
This.

[Anonymous No.25610193]

>>25607907
No. 7 figure hell is REAL, but for a whole different set of reasons

[Anonymous No.25610543]

>>25608296
if you have an okay job you can get from 4 fig to 5 just through monthly savings if you’re dedicated. it would take you years to get to 6

[Anonymous No.25610649]

>>25607657
TRYING TO GET OUT OF 4 FIG FUCK YOU

[Anonymous No.25610698]

>>25608126
Lot of people kept shitting on LINK though so only a few actually hold it.

[Anonymous No.25610715]

>>25607997
>check your privilege

Literally kill yourself.

[Anonymous No.25610750]

>>25610193
What reasons?

[Anonymous No.25610754]

>>25607657
Open the door nigga
I can't get in

[Anonymous No.25610859]

>>25610698
90% of the people posting LINK fud are long term holders. Always have been.

[Anonymous No.25610925]

>>25607657
how to leave 4 figure hell

[Anonymous No.25610953]

>>25608296
Its almost like wealth and oportunity doesnt grow linearly retard

[Anonymous No.25610980]

six figure hell, ok

how about smack down in the middle, 500k. Now THATS hell

[Anonymous No.25611031]

Can someone explain what is a ’figurer’?

[Anonymous No.25611037]

>>25610750
Oh, yeah. Can't retire. Not worth it to work. Oh, yes, five will drive you un poco loco, my fine feathered friend. The poorest rich person in America. The world's tallest dwarf. The weakest strong man at the circus.

[Anonymous No.25611064]

>>25610980
You only need a 2x. Are you retarded?

[Anonymous No.25611081]

>>25607657
How to leave low seven figure hell!

[Anonymous No.25611086]

>>25608081
>>25608114
>>25608843
>>25610715
you will never "make it".
your motivation is inherently at odds with your goals

[Anonymous No.25611131]

>>25610925
10% of all you earn is yours to keep. Just follow this simple program:

>dont be a nigger and put ALL your savings in crypto
>put aside 10% of all your income
>get out of debt, don't get into it
>live by your means
>put aside three months of comfy living expenses in FIAT
>channel everything else into crypto
>diversify your investment
>avoid shitcoins and memecoins
>collect your profits on the way up
>hodl
>don't fomo
>liquidate when you reach 5 figures
>clear your head
>go in again

[Anonymous No.25611149]

>>25607997
kek And they’ll get it if they hold, hows that make you feel

[Anonymous No.25611179]

I live off 400$ per month with my parents in West-Siberian part of Russia

[Anonymous No.25611181]

What does figure mean ?

[Anonymous No.25611198]

>>25610649
I was there only a year or two ago. Amazing things can happen for you, anon.

[Anonymous No.25611234]

>>25607907
high 7 figures would be making it.

1.5% annual dividends (which is conservative for a index fund) on 7,500,000 is 112,000 a year. more than enough to do what you want.

[Anonymous No.25611238]

>>25608189
timestamp or fake , gtfo scrub

[Anonymous No.25611289]

>>25611037
this guy fucks, for me its another 4x and i can finally breathe

[Anonymous No.25611300]

>>25608192
10,000 to 100,000 is only 90,00 in gains

100,000 to 1,000,000 is 900,000 in gains. much harder

[Anonymous No.25611379]

>>25611064
>just get a 2x bro its easy bro

[Anonymous No.25611424]

>>25610698
>he doesn't know

[Anonymous No.25611439]

>>25611300
percentage wise it is exactly the same, therefore the same level of difficulty

[Anonymous No.25611452]

>>25611037
8 figure hell is the real hell

>can buy a mansion but not a villa
>can buy any production car but not bespoke editions
>can fly whenever you want but not in your own plane
>too rich for peasant friends but not rich enough for high society
>don't have to work but your kids might

[Anonymous No.25611453]

>>25611379
2x is hard to pull off, but 1.5x is doable during the yearly bull run. Compound interest works in your favor, so 1.5x, liquidate, buy the dip, wait for the next Christmas

[Anonymous No.25611456]

>>25607836
Nigger, what? Most shitcoin holders are at 3 digits on this board.

[Anonymous No.25611581]

I'm close to half a million now

Only a 2x to escape 6 figures

[Anonymous No.25611621]

>>25611452
>don't have to work but your kids might
The fuck are you on about, 8 figures is the type of wealth that will last over generations if you can rub two brain cells together.

[Anonymous No.25611648]

>>25607997
Yes, you nailed it

[Anonymous No.25611670]

>>25611234
This. I'd round up to 10 million for a nice round number with 4-5% returns. I could coom to this thought.

[Anonymous No.25611788]

>>25611621

>implying you can keep your dick wrapped from making too many kids
>implying you can keep those kids from spending it all

Most wealth don't last past the third generation

[Anonymous No.25611912]

>>25607840
>>25607657
>still fully in the rat-race mentality
Never ever EVER going to make it.

[Anonymous No.25612025]

>>25608148
good lord man. good luck with that.

[Anonymous No.25612039]

>>25611131
This is Dave Ramsey boomer-think

[Anonymous No.25612180]

>>25611788
That is definitely true. But correctly invested in a hedge fund, that sum should yield 5-6% CAGR. That should be enough to last two generations.

[Anonymous No.25612195]

>>25612039
kek, especially the liquidate along the way, how can one ever make it if they’re constantly selling? Anyone who’s sold bitcoin since inception has lost massive gains, even if they bought the absolute peak in 2017 and held to today they’re up almost 100%. The same as anyone who’s ever traded Tesla, Amazon lost also. The big money is made by finding an asset worth buying and _never selling_ collecting more every 20-30% dip and then using parts of it to fund a comfy enough retirement

[Anonymous No.25612252]

>>25611788
Most people can't control their own kids. Everyone here think's they're the guy who can control what his grand-kids do, let alone 3+ generations in the future?

[Anonymous No.25612442]

tfw in low 9 figure hell
>no billionaire status, no influence
>billionaires don't return my calls
>celebrities want nothing to do with me
>never get invited to top-tier parties
>no one has heard of me
>shit yacht, second tier quality and not even custom built
>my plane has props
>scissor and suicide doors but no true happiness until 10 figures

[Anonymous No.25612470]

>>25607657
get muny

[Anonymous No.25612563]

>>25612442
how pathetic do you have to be to larp as a fake rich nigger on an Eritrean yak breeding forum

[Anonymous No.25612595]

I have 415k and i am so close to making it yet feel so far away. I would like 10 million. Not sure what ill do once i hit 7 figures though.

[Anonymous No.25612609]

>>25611439
No faggot, you can take a lot more risks when you have 5 figures or even less. You really don't wanna gamble 200k on the shitcoin of the week.

[Anonymous No.25612681]

>>25607854
I remember this kind of talk in 2017/2018

[Anonymous No.25612695]

>>25611788
There's no point always discussing about "most". Most people are retarded. Most wealthy people are retarded. Pareto's Law is almost everywhere. Just put some above average effort in. That's how we got to the 6 figure hell in the first place.

[Anonymous No.25612708]

>>25612609
you can if you have the net worth to make up for it. 200k is 2% out of 10MM. that's the kind of money you can gamble with

[Anonymous No.25612739]

>>25612595
Similar for me. I'm at 700K if I'd cash out everything today. I feel close, but not close enough to escape it all.

[Anonymous No.25612762]

>>25612180
Yes but your kids and their kids will grow up getting shilled by instagramies and tiktokers wanting to live the lifestyle of lambos and gucci. They see you as overly controlling if you try to educate them or try limit their spending.

This shit happened constantly in history and social network just made it 1000x worse.

[Anonymous No.25612831]

>>25612442
HAHAHA look at that serf with his second hand yacht

[Anonymous No.25612915]

>>25612762
Just don't let them roam freely on the internet. Then send them to a private elite school.

[Anonymous No.25613044]

>>25608020
I'm barely busting $215k total net worth. Feels awful man. I know theres guys in here with that much in just chainlink. $589,000 sets me debt free with my house and car. Trying to make it. Good luck to all.

[Anonymous No.25613047]

>>25611086
https://www.instagram.com/p/CGdM1vJhU5H/

ehh

[Anonymous No.25613091]

>>25612739
700k puts you in a position where you could relatively comfortably gamble with 100k in hopes of hitting a 50-100x. you're pretty close to making it desu. with some luck and skill (or patience, but who has time for that), you'll make it

[Anonymous No.25613106]

>>25612915
>Just don't let them roam freely on the internet
Not possible this day and age after they turn like 10

>Then send them to a private elite school.
Flex culture is even worse in those schools

[Anonymous No.25613179]

>>25613106
What's the solution then? Make them work on a farm for much of their childhood? I'm not being facetious here.

[Anonymous No.25613221]

>>25607851
I asked my stock broker about this and he told me to go to Home Depot

[Anonymous No.25613421]

just hit 600k today boys

this run should get me out of 6 figure hell

[Anonymous No.25613457]

>>25613421
timestamp or larp faggot

[Anonymous No.25613477]

>>25611031
male figurista

[Anonymous No.25613508]

>>25607836
>6 figures is average on /biz/
>5 figures is poorfag
>4 figures is pajeet tier
Maybe average in terms of status, as in an 8/10 guy is average in SMV, but not the average (or median) of the population's value. just no way

[Anonymous No.25613536]

>>25608020
27
115k eth
200k real estate
10k cash
100k salary

Objectively I know I am well-off, but I still feel poor - at this rate the only hope I have to not work until 45 is ETH doing a 10x :-/

6-fig hell is 2 real

[Anonymous No.25613714]

>>25608189
>I've easily put $30k into crypto over the years and held with iron hands. Same goes for almost everyone else who was here for 3-4 years.
Lots of people also "held with iron hands". But it did them no good if they put everything into shit like Waves or Request Network or Harmony protocol. People don't talk about their losses and only boast about their gains, but almost all altcoins provably cause ruin for their holders in the long run.

[Anonymous No.25613734]

>>25613179
If there was a one size fit all solution then the problem wouldn't happen over and over.

Teach them about financial literacy from a young age and hope they get enough smart genes is the best anyone could do.

[Anonymous No.25613751]

>>25607733
>(buy + hold) * time
/thread

[Anonymous No.25614537]

>>25608126
Can confirm