[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 221 KB, 1528x1014, plebbit.png [View same] [iqdb] [saucenao] [google]
27523616 No.27523616 [Reply] [Original]

32 year old dude here. Made a hilarious amount of money in crypto in 2017. 50k>1.1MM and took home about 740k after taxes between 2017/2018.

I was already debt free and owned a home which I paid off the rest of with 250k (fuck mortgages), and then transferred 400k into the stock market.

Since them, my net worth has fluctuated between 600k-1.5MM since I occasionally make retarded trades, but in general I have 800k in safe bets and 200-400k revolving in stupid bets. I quite my job in 2017 after the crypto stuff and just life off the excess of my stocks. I take out about 150k every year to work with and just enjoy my life.

However... what I'm doing feels wrong? I see all my friends wage cucking, even the super successful ones, and just none of it appeals to me. I'm really enjoying my youth as I firmly believe you can only enjoy life until you're 45 or so, then it all goes downhill. I mean what's the point of traveling in your 50s and 60s? I want to do everything NOW while I'm still young-ish.

But idk, I just feel like I'm out of the loop. I just live my own life at my own pace and I sort of feel guilty about how happy I am. Who else does this? How do you get through the days?

>> No.27523829

cool story bro

>> No.27523854

>>27523616
I have more net worth than you and still wage cuck. I have no better ideas

>> No.27524227

>>27523616
you paid taxes on your crypto...
thats more cucked that letting a nigger fuck your wife

>> No.27524355

>>27523616
>. I mean what's the point of traveling in your 50s and 60s? I want to do everything NOW while I'm still young-ish.

dude some people feel great in their 50-60s not everyone has shit genetics

>> No.27524727

>>27523616
Guaranteed she earned the appelation "fucking nigger"
>she

>> No.27524861
File: 3.91 MB, 2560x3414, 1611894944874.jpg [View same] [iqdb] [saucenao] [google]
27524861

>>27523616
You are considered a god among blue collar workers, the dream, you've earned it through autistic risks now savor it

>> No.27524865

>>27523616
SAME THING HAPPENED TO MOOT.

YOU WILL NEVER BE HAPPY

TRANSITION NOW

>> No.27524983

Poor people consider you rich
Rich people consider you poor
You're what's called "new money" NGMI

>> No.27525001

You will be broke in 8 years unless you have 20k minimum in link.

>> No.27525053

>>27524227
How would one legally avoid doing so

>> No.27525091

Wagecucking is gay. Work on your own personal projects if you have unlimited time.

>> No.27525221

>>27525053
convert to BTC
buy drugs online
cut drugs and sell them to dealers for cash
wait, legally?
uhhhhh

>> No.27525238

>>27523854
>imagine being such a loser

>> No.27525255
File: 70 KB, 961x393, kraken.png [View same] [iqdb] [saucenao] [google]
27525255

>>27525053

>> No.27525300

>>27524227
>t. poorfag who’s never tried buying something non-trivial

>> No.27525415

>>27525053
Invest in more crypto duh

>> No.27525607

>>27523616
You're what is called a young retard. Even if you have money and are brilliant and rich and amazing and have made all the right moves, guess what? You're still a young retard and you won't gain certain experiences and wisdom about life until you're over 50. Even then, some people are still pretty retarded but life experiences get forced on them.
Self-actualize and find some higher purpose than your life besides living a pointless narcissistic self-absorbed juvenile wank off fantasy. The world is full of hardship, suffering, and opportunity, and all you can do is play with your own dick and think about how awesome you are. How pathetic. Animals have a far more important purpose than you.

>> No.27525681

>>27525221
>_>
>>27525255
would it not be incredibly easy for the IRS to track you down?
>>27525415
Are you not supposed to pay taxes or something for every time you trade crypto for other crypto? doesn't that make it a realized gain? Am I just being paranoid? where can I actually read up on my area's laws concerning this stuff?

>> No.27525945

>>27524355
50s maybe, but 60s? The whole point of traveling (for me anyway) is to bang chicks and meet cool people and enjoy living life while seeing awesome shit

That's significantly harder to do past 50 IMO. Girls think you're an old creep and no one wants to party with a 50+ year old

>> No.27526103

>>27523616
Having a job can give you a sense of purpose that money cant

>> No.27526121

>>27525945
>That's significantly harder to do past 50 IMO
Not if you're fucking rich or powerful. Joe Biden's 80 years old and senile and he could fuck any girl any age from newborn to 20 any time anywhere at a whim.

>> No.27526125

>>27523616

Just wage cuck to have something to do and your real money in long term investments.

>> No.27526180

>>27525607
I'm guessing your over 50 and broke. Don't be such a seething faggot.

>>27525681
pay taxes on crypto gains. Anyone who doesn't on significant gains is lying about their gains, or will get ass blasted by the IRS

>> No.27526292

>>27526180
how do I learn more about how fucking taxes work. Shit seems so complex, especially for crypto

>> No.27526569

I'd say that you're living the dream life. Enjoy it!
I'm trying to replicate it this bullrun. Currently @ 1.4M. Once I hit 2M I'm done

>> No.27526871

>>27523616
I really hope to be in your shoes by the end of 2021. I have just under 100k right now but unlike you I have business plans I want to explore and other shit.

>> No.27526872

>>27526292
It's not complicated at all.

What you pay for the crypto is the basis
How much it goes up is the gain

You pay taxes on gains only.

Every time you trade a crypto, it is called a taxable event meaning the gains or losses are "locked in" and factored in.

For example, if you buy crypto and never sell, you don't pay taxes

if you buy crypto and sell or trade into another crypto, you're now taxed on whatever gains you made, or can write off your losses.

If you hold crypto for over a year it's considered capitalize gains and you pay less tax, under a year and tax is treated as income tax.

>> No.27526944

>>27526569
Where are you sourcing your information on good trades?

>> No.27527453

>>27523616
>But idk, I just feel like I'm out of the loop. I just live my own life at my own pace and I sort of feel guilty about how happy I am. Who else does this? How do you get through the days?
find something to do that is fulfilling work. exclusively spending your time on leisure will leave you unsatisfied. i don't think anyone is going to be able to tell you what this means for you personally.

>> No.27528206

>>27526872
So if I dump 1k on crypto as long as I do nothing with it I don't have to pay taxes? I only have to if I buy other crypto with it or if I pull out and sell it for USD right?

>> No.27528232

>>27523616
let a woman into your life. have a family. learn to share.

>> No.27528584

>>27528206
correct. If you just buy crypto and let it sit there, you don't need to do anything.

If you sell OR trade it for another coin, you have to pay tax on the gains or you can write off losses.

>> No.27528815

>>27526872
You're a retard if you don't just file taxes for the total gain and play dumb if the IRS investigates you. Pay the minimum tax and then play stupid, simple as.

>> No.27529658

Get a hobby that doesn't involve staring at numbers on a screen.

>> No.27530098

>>27523616
Stop living like you have enough cash to live on forever. Even at your top estimate of 1.5 M, it's not enough. You should be wage cucking.
Until you have 3-5 people paying you rent, you're not rich.

>> No.27530638

"He who loves silver will not be satisfied with silver;
Nor he who loves the harvest, with its abundance.
This also is vanity.
In the abundance of good things
They who eat them also increase,
But what virtue does the owner have from them,
Except to see them with his eyes?
The sleep of a servant is sweet,
Whether he eats little or much;
But the abundance of the rich will not permit him to sleep."
Ecclesiates 5:9-11 (OSB)

>> No.27531022
File: 27 KB, 500x404, d0f6b890763211dc0a89a7e588792dfa.jpg [View same] [iqdb] [saucenao] [google]
27531022

>>27523616
>I quite my job
I just divided all the dollar amounts in your blog post by 10.

>> No.27531062

>>27523854


anon....why....?


On average most of us will literally get maybe 80 years on this planet....and only a portion are those are actually "livable" where you'll be in prime physical and mental health....you really want to waste time wage-slaving?

>> No.27531427

>>27523616
You're a retard 1.5 million is not enough to live like that especially if you're young.

>> No.27531489

When you're 50-60, you can fuck new pinay/viet pussy/ass everyday

>> No.27531797

>>27523616
> I see all my friends wage cucking, even the super successful ones, and just none of it appeals to me.

And you feel guilty about that.


Think about it this way. There are significantly more people who are way more qualified than your friends who have those jobs, they got those because of connections, the interviewer was in a good mood during their interviews, the company for which they were interviewing for just so happened to ACTUALLY need someone with their particular skillset or in other words the interviewer stumbled upon an ad that was a legitimate opportunity, etc.

You got lucky in 2017-2018 or whatever. So did everyone who got jobs that made them "successful". If it was meant to be, it was meant to be. It's all luck, you have little control over your trajectory. That's why you shouldn't feel guilty.

>> No.27531859

>>27523854
....
There's no way im spending time helping you escape the wagecage when you cant even figure it out with multiple times the ount id need to pull it off


t. Can escape wage cage if i hit mid 6 figures

>> No.27531914

>>27523616
Just do charity. In person. Your life will start making sense then.

>> No.27533474
File: 45 KB, 593x593, sadman.jpg [View same] [iqdb] [saucenao] [google]
27533474

>>27523616
>implying life is about having fun and being happy

The meaning of life is suffering, haven't you been paying attention?

>> No.27534646

>>27523854
>not wagecucking on your own body at this point
Why?

>> No.27534780

>>27523616
don't be a fucking nigger and your based white chad won't call you a fucking nigger. hope she learned her lesson