/biz/ - Business & Finance

[Anonymous No.28198224]

>$100k usd isn't a lot of money

[Anonymous No.28198296]

Is it though

[Anonymous No.28198311]

Its not a lot, but its enough to play around with and work towards your financial freedom.

[Anonymous No.28198349]

You can go to a 3rd world country and live like a king with that amount of money.

[Anonymous No.28198401]

100k can buy an used car to get you to your mcjob and back

[Anonymous No.28198475]

>>28198224
Getting to $100K is a bitch. Getting to 2 or 3+ is much easier once you get past that hurdle. That's if you buy a house and put your salary in aggressive investments.

[Anonymous No.28198638]

>>28198224
You want a hot body? You want a Bugatti?
You want a Maserati? You better work bitch
You want a Lamborghini? Sippin' martinis?
Look hot in a bikini? You better work bitch
You wanna live fancy? Live in a big mansion?
Party in France?
You better work bitch, you better work bitch
You better work bitch, you better work bitch

[Anonymous No.28198664]

i could live like a king with for 6-7 years in my country man i think its a lot

[Anonymous No.28199258]

Don’t fall for the demoralisation and bullshit some anons feed you. No, 100k on it’s own is no fortune, but it’s an amazing platform to grow from. Making 2x on 10k is good, but it won’t change your life. Making 2x with 100k is a massive gain.

You can also play it safe and secure your stack so you can buy the incoming market crash. 100k is a good amount of money to buy stocks and crypto at discount prices

[Anonymous No.28199366]

>>28198224
Ok then send me $100 since that is only 0.1% of $100k.

Yeah didnt think so faggot.

[Anonymous No.28199452]

It's not. I just want to travel the world and never work again, but if I had half a million dollars I'd only be able to do that for like a decade before the stress of worrying about running out of money would start to kick in. You really gotta fucking hit high to make it these days, constantly re-investing. It never fucking ends.

[Anonymous No.28199563]

>>28198224
I can live like a king at 2k a month in my country, already own a house and it's in a great area near the beach

[Anonymous No.28200456]

5% return YOY on 1 million dollars is $50k per year. Not the most amount of money, but you could easily live comfortably for the rest of your life on that.

If I got 1 mil and threw it into a boring portfolio that just follows Nasdaq + the SnP, then immediately retired, would I be retarded?

[Anonymous No.28200667]

>>28198224
yea i know, lemme borrow a 100k bro i'll pay you back after summer

[Anonymous No.28200798]

>>28200456
You would want to keep the withdrawl rate at 2% so it increases over time and keeps up with cost of living increases

[Anonymous No.28201079]

>>28200456
Not completely. Anyway, being retarded is not a bad thing imo

[Anonymous No.28201433]

>>28200798
Right, that makes sense.
So, if I aimed to build a portfolio of 2 mill, I could pull 40k, and leave 60k to keep the portfolio growing. Rough numbers, obviously.

>>28201079
Cool cool. If I ever hit 2-ish mill, I'm just gonna fuck off into eastern europe / south america forever then. Or I'll never hit it and just kill myself. Either way, good luck in your journeys.

[Anonymous No.28201971]

>>28201433
>Cool cool. If I ever hit 2-ish mill, I'm just gonna fuck off into eastern europe / south america forever then. Or I'll never hit it and just kill myself. Either way, good luck in your journeys.
You're going to want to set up shop in Panama, no taxes on foreign income. From there you can get tourist visas to SA and SEA for cheaper living

[Anonymous No.28202148]

>>28201971
>>28201433
I heard Estonia has the same thing as well but I haven't looked into it, DYOR as always and good luck fren

[Anonymous No.28202176]

>>28198224
It really all depends on what you want to do and what your living standards are.
I know the poor guys I work with would kill for 100K.

[Chaimaaa No.28202272]

ZZZZZZZZZZ

SEE HOW THEY TRY TO SHOW YOU THIS RUBBISH
“TOP SYSTEM” “BEST INVESTMENT OPPORTUNITY” “GREAT PEARL”
WHAT AN IDIOTS WADAFUK
IF YOU WANT TO GET REAL PROFIT FROM NFT - CHECK PLAYCENT

DON’T BE IDIOT WHO BELIEVES IN EVERY SHIT - CHECK FIRST - USE YOUR IQ

[Anonymous No.28202411]

>>28198224
it is, it's the point at which you can pay for a house with a mortgage and then 100% of your needs are covered

[Anonymous No.28202840]

>>28201971
>>28202148
I have no attachment to my current Aussie citizenship, so if I was legitimately going to do something like this, I would probably just go for citizenship in a country with 0 capital gains tax. I'm sure there are some out there with a "citizenship by investment" system. Thanks for the intel though.

[Anonymous No.28203408]

>>28198224
for a third worlder like me it certainly is... hell 60$ bucks is a week's wages here. I just want to make it and get out of this fucking hellhole but I doubt my $50 dollars will get me any considerable gains

[Anonymous No.28203640]

>>28198224
This reads as “greater than $100k.” When idiots flood this board, it’s time to sell

[Anonymous No.28203995]

>>28199563
Which country ?

[Anonymous No.28204392]

>>28199258
My life would be changed with just 10k.

[Anonymous No.28204703]

>>28198224
It's not. 1M is an ok amount of money. 100M is a lot of money.

[Anonymous No.28204709]

>>28199563
I live pretty comfy on $2000CAD/mo ($1500 USD) in Toronto, Canada cause I have a rent controlled apartment and I cook for myself. I could maintain my current lifestyle on about $1m USD with 2% withdrawl

[Anonymous No.28204852]

>>28204392
I don't know man, I've grown to around 16k in the last year and my life is no different.

[Anonymous No.28204874]

>>28198224
You can have a sugar baby at your command.

[Anonymous No.28204940]

>>28198224
I have around 160K right now in Crypto after a couple of years, how do I ensure I continue to let it grow properly to reach financial freedom?

[Anonymous No.28205424]

>>28204940
Right now? Honestly, just keep it in the crypto market. Take half, put it in things that are relatively stable and likely to go up like ETH, BTC. Take the other half and speculate a little bit on coins that have a solid history and a roadmap to higher value.
Which ones are those? I can't say. My guesses are Link, Lumens, Graph, and Algorand. But I don't have a crystal ball. And all of them WILL drop in value at one point or another because that's how this game is played.
Just be happy you can move them around tax-free right now without getting hit with cap gains and weird shit they do to stock traders.

[Anonymous No.28205597]

>>28198224
>>$100k usd isn't a lot of money

It's no. I have slightly over 1 million and feel almost homeless, far from making it. I still have to wagecuck. Worst feeling in the world.

[Anonymous No.28205751]

just because you can't retire on it at age 25 doesn't mean it isn't a lot of money

[Anonymous No.28205778]

>>28205597
your being rich wrong.

[Anonymous No.28205884]

>>28198224
Give it to me then

[Anonymous No.28205924]

>>28205597
Same.. i have 10 million and I feel like begging in the streets.
The taxes, the houses, the cars.. It's all so expensive.

[Anonymous No.28206089]

>>28205597
You can literally get 10%+APY yield from stablecoins retard. Why are you still a wagie?

[Anonymous No.28206496]

>>28198224
Meanwhile id deepthroat a dick for 3eth

[Anonymous No.28206649]

>>28205597
>I have slightly over 1 million and feel almost homeless, far from making it. I still have to wagecuck

well you are a retard.

[Anonymous No.28206681]

>>28205597
even a vanguard fund returns 7% on average, is your money under your mattress or something
>>28206496
best I can do is 3 REEF

[Anonymous No.28206704]

I lose 100k when link dumps like $3. So when it dumped from like 27 to 24 in like an hour I lost more than 100k

[Anonymous No.28206891]

>>28206681
>best I can do is 3 REEF
O... ok, just add some gas money

[Anonymous No.28206946]

>>28198224
My crypto stack is now worth more than my parents have earned in their entire lives and I still feel like it needs to at least x5 before I start selling any of it. I might be a bit greedy now that I think of it.

[Anonymous No.28207058]

100k is maybe great if you are a beer living with parents. Otherwise it’s legit nothing. But I agree that it is a great starting point for investing

[Anonymous No.28207516]

>>28198349
not really

t. third worlder

[Anonymous No.28207647]

>>28198349
>>28198664
What country?
I want to come be king of stacklets

[Anonymous No.28208061]

>>28204852
I could only spare a couple hundred Euro to invest but it’s a slow climb. If I got 10k tax free I’d at least be able to put a down payment on a house for a mortgage.

[Anonymous No.28208215]

>look at your portfolio's $ amount
>woooow

>calculate the € amount because eurofag
>wtffffff reeeeeeeeeeeeeeeeeeeee

USD is a fucking shitcoin, I got depressed so much when I started calculating how much I would have after I switch it to € and pay taxes. FUCK.

[Anonymous No.28208241]

It's a lot to spend, but it's not a lot to earn. A 100k salary is just a generic upper-middle class position, a 100k car is something only the top 0.01% can buy.

[Anonymous No.28208428]

>>28198224
In the grand scheme of things, no.
But 100k can change your life by offering a level of financial security most people have never felt.

[Anonymous No.28208648]

>>28208428
I was so close to making it in my country but passed on 30 10-30x coins because of gas money REEEEEEEEEEE

[Anonymous No.28208789]

>>28208428
ye the financial security of being able to live 2-3 months to find a job if you get fired and that's about it

[Anonymous No.28208812]

>>28201433
Ooof, that 2m doesn't include a house does it? You need like 2.5 - 3m if you want a house to go with it

[Anonymous No.28208855]

>>28208789
Why on earth would you spend more than 3k a month on living

[Anonymous No.28208990]

I love in one of the most expensive places in the us that isn't a city, I could comfortably live on 3.5k/month. What do you fags even spend money on that you need millions of dollars to stop mcwaging? Like you're never gonna make another investment or dollar again after you made it? Your not gonna buy some rental properties, get some sweet dividends going, maybe open a small bookshop or bar or something? Is it just all lambos and hookers and blow until you die? I mean even then you wouldn't buy a kilo and do your fill and turn around cut and flip that bitch for double your money?

[Anonymous No.28209078]

>>28208812
Fuck no it doesn't. I never want to own a house, unless it's for a citizenship by investment program. Even then, I'd probably just rent it out afterwards, and then continue traveling around. I don't want to be anchored to one place, so a house seems like a retarded idea.

[Anonymous No.28209180]

>>28209078
>citizenship by investment program
You should look into Malta.
They are basically selling EU citizenship.
It's my goto plan if I make it.

[Anonymous No.28209210]

>>28208990
To be honest I don’t think we’ll see gains like this forever in crypto.

[Anonymous No.28209314]

You have to be a country hick or 3rd worlder to think 100k is a lot. News flash retards when your hands are sweating from trading your 5k lunch money you will never make it

[Anonymous No.28209339]

>>28198224
>tfw $1 million in 1921 is equivalent to like $17-18 million now.

[Anonymous No.28209426]

>>28198349
>living in a 3rd world country
>250k for a regular house in a safe neighborhood
LMAO nigger you are delusional

[Anonymous No.28209450]

>>28209339
Why does that evoke any emotion? Who cares

[Anonymous No.28209533]

>>28209210
We certainly won't but there is always a next thing. The world isn't going to stop turning with crypto being the last chance people had to make money. Just be happy you found this shit to get your foot into the door of turning money into more money.

[Anonymous No.28209636]

>>28209210
No but theres always new avenues of investment, as long as the tax man cometh people will create markets with the express intent to avoid him, he pushes his way in and makes it illegal to make as much money as his buddies,and the process begins all over again. That's kind of besides the point, if I had 100k in investment portfolio I would immediately quit working at my job, I could make 5% gains per month on that without thinking. That's easily enough collateral to get a loan on a multi unit rental property, which is like free money with how many rootless cosmopolitans there are even in this thread.

[Anonymous No.28209653]

>>28208990
Well, it's how people who win the lottery lose it all. Same concept. People want to have their fun without thinking of consequences. How many people I've talked to who think you have to have this and that every month, that you can't live off of a low amount of money, that it's impossible (not impossible depending on where you live), all these BS subscriptions and all these cars and 100 dollar cell phone plans and 1000 dollar cell phone, all the food they buy, yadda yadda yadda ... This is why they can't control their money. They want the best of the best. Is it more expensive? = better to so many people.

[Anonymous No.28209658]

>>28209533
I doubt we’ll see another new asset class like this in our lifetime but what do I know. You’re right either way.

[Anonymous No.28209770]

>>28205924
With 10m you could live like a king in México in a house in the beach or wherever for less than 1m with 5 rooms, pool, jacuzzi, bar, housekeeper, personal driver, new car, new boat, and still gonna have more than 7m that probably is gonna last you for the rest of your days. A lot of americans retire in my city wich is also one of the safest citys in northamerica.

[Anonymous No.28209940]

>>28198224
Its not enough to buy a house with cash. But its enough to buy a car, get an investment portfolio going, make a downpayment on some land or whatever you want to do. 100k doesn't mean you are rich, but it does give you some freedom

[Anonymous No.28210097]

>>28208241

Nah, no. Top 1% in the US is 15 million dollars I think you can afford a 100k car with that.

[Anonymous No.28210156]

>>28205597
thats a larp. You could pay cash for a house and invest the rest with over a million and never have another mortgage payment

[Anonymous No.28210360]

>>28204392

You only think that now because you're not there. I used to think the same. And then I got there, and to 20. And now I realize OP is right, 100k ain't shit. You have to touch 2 million before you can say you made it, and are set. Considering what inflation will look like in the future

[Anonymous No.28210369]

>>28209636

Dumbass. If you can make 5% gains a month you are better than any investor who ever lived. You will lose all your money if you try to live off 100k

[Anonymous No.28210393]

>>28209653
I guess I just didn't realize /biz/ thought making it was winning the lotto.

[Anonymous No.28210586]

>>28210156
>buying real estate with cash when mortgage rates as low as this

I hope you're joking, you're just locking money in asset for no reason

[Anonymous No.28210673]

>>28210369
You have to go back fag. My stock portfolio does min 10% per month just swinging SPACs.

[Anonymous No.28210839]

>>28198349

Dude a small house in Canada is like 1.2 million lol

[Anonymous No.28210846]

>>28208990
Well, you faggot, I just don't like being poor. Most people consider 2-3 mil. to be retirement money. NO nigger, if we include women, or children, you need to increase it. This is why 10+ mil is what most are after. Me, personally? 100+ mil. I'm looking to build generations of wealth nigger.

[Anonymous No.28211054]

>>28208215
that's why i only count my crypto gains in usd despite being a eurofag so i dont get depressed

[Anonymous No.28211121]

>>28210846
Nigga thats including the wife and kid. You don't need 100m to make it, that's what you build once you have made it.

[Anonymous No.28211243]

>>28210673

Do this for 10 years and you’ll have 90 million dollars starting with 1k. Yeah I think you’re full of shit.

[Anonymous No.28211272]

>>28210839
Canada is not third world, you autistic fuck

[Anonymous No.28211303]

>>28198224
It is if you’re in a shitty part of town.

[Anonymous No.28211439]

>entire portfolio is up xxxx% in usd
>entire portfolio value in bitcoin is the same as 3 years ago
not really sure what the point is

[Anonymous No.28211449]

>>28198224
it is a decent amount to not starve to death
its what the middle class should have if it still existed

[Anonymous No.28211727]

>>28211243
Mhm

[Anonymous No.28211795]

>>28210839
yeah maybe in Vancouver. In Nova Scotia you can get a 6 acre ocean front estate for that price

[Anonymous No.28212767]

>>28198349
Not really.

[Anonymous No.28213039]

>>28211795
>Little guy lane

Remember anon, every normie Canadian literally lives near Toronto or Vancouver. They don't know anything else. Also stay out of Quebec, you're not welcome.

[Anonymous No.28213098]

>>28200456
50k will be nothing in 10 years lmfao

[Anonymous No.28213151]

>>28198224
You had 13 years.

[Anonymous No.28213411]

>>28204392
How? What would you do with it other than just stick it all in crypto? There's nothing interesting to spend money on except like, idk night vision accessories I guess. I'm well into six figure hell and I still drive my piece of shit expedition that cost $3k.

[Anonymous No.28213558]

>>28201433
>>28208812
Pulling 2-3% a year out of 2m is a good start. You can get a mortgage and pay it off slowly out of the 40-60k a year you’ll be earning on your portfolio. If your investments are earning 5+ % and you can lock in a 30 year mortgage at <4%, it’s basically free money. Buying a house upfront with current interest rates is generally a bad idea.

[Anonymous No.28213632]

>>28210586
>it's better for you if you choose debt, goy
BEGONE

[Anonymous No.28213637]

>>28198224
$100k USD was """a lot""" of money 20-30 years ago. today it's barely a respectable down payment on a suburban house that isn't surrounded by niggers and puerto ricans.

[Anonymous No.28213686]

100k is a lot 9f money who the fuck are you?? Real life isnt a movie faggot

[Anonymous No.28213749]

>>28198224
I can't remember if I thought this in 2017, but now I agree. Even a million really isn't a lot of money

[Anonymous No.28213832]

>>28211272
have you been to Canada?

[Anonymous No.28213857]

>>28213686
back to plebbit nigger

[Anonymous No.28213871]

>>28198224
it's true
>>28198664
>6-7 years
are you 80?

[Anonymous No.28213884]

>>28213632
Why would you lock that much capital into an asset they will gladly give you a mortgage on? You can keep investing the capital and pay small amounts while the asset appreciates and grow your money exponentially

[Anonymous No.28213969]

>>28200456
>he thinks the world is just gonna continue like this forever
you better get a house with a nice field to grow your own food before SHTF

[Anonymous No.28213986]

>>28198349
Not anymore lol

[Anonymous No.28214069]

>>28200456
>5% return YOY
real world inflation is worse than 5%. don't believe anything the kikes at the bureau of labor statistics tell you.

[Anonymous No.28214109]

>>28211727
Good luck doing that when the fed stops funding this retarded bullmarket

[Anonymous No.28214768]

>>28213884
>we... I mean "they" will gladly give you a mortgage on, goy. Gladly!
I SAID BEGONE!

[Anonymous No.28215076]

>>28214768
anon you're fucking retarded

[Anonymous No.28215411]

>>28209770
nigga you just want him to move near you so you can rob his crypto

[Anonymous No.28215518]

>>28215076
and you're a beta male, I can smell it on you.

[Anonymous No.28215563]

>>28198224
It would be for me.

[Anonymous No.28215700]

>>28211272
>Canada is not third world
false

[Anonymous No.28215723]

>>28199563
The ocean is fucking stinky and gross. Fuck the ocean. i would never live near it. I would live on a cold mountain top with a comfy ass fireplace before I ever live near a stinky beach by teh shit ocean.

[Anonymous No.28215931]

>>28215723
Some parts of the ocean are nice and not stinky anon.

[Anonymous No.28216375]

>>28215931
I will just have to take your word on it, friend. I was in tampa and it was stinky. I was also on Oahu and it was very very stinky. The north shore was the stinkiest, even though the chola's up there is good food.

[Anonymous No.28216527]

>>28201433
Uh you can live really good for way less than two million in south america

[Anonymous No.28216674]

>>28209450
>Jeez goyim, who cares seriously?

[Anonymous No.28216743]

>>28198224
There was a time not long ago when 1mil=retirement, now people live in houses with that.

[Anonymous No.28217662]

>>28216674
Why the fuck wouldn't there be inflation over 100 years

[Anonymous No.28217985]

>>28214768
I bet you didn't cash you trumpbux either fag

[Anonymous No.28217994]

>>28198349
Nigga, I live in Argentina (Economic shithole). A small 1 room appartment here costs around $100k USD. Sure, food and public transport is cheap compared to the US. But try to buy a house, or anything that is brought from abroad, like computers.

[Anonymous No.28218147]

>>28217662
>What is debasement of currency
>What is the gold standard
Imagine being this fucking stupid. Leave you fucking newfag! REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!

[Anonymous No.28218155]

>>28198224
lol shut up you faggit. People can hardly make that anywhere. Think you’re some big guy over there huh?

[Anonymous No.28219133]

>tfw Mexicans can feed 6 kids on 2k a month

[Anonymous No.28219198]

>>28219133
they can feed 6 kids on 200 a month I'm pretty sure

[Anonymous No.28219378]

>>28198349
Yes if you live LIKE a third worlder i.e. tiny house in a rural area. 100k dollars in even a moderate third world capital city centre or suburb would last you like 3 years max

[Anonymous No.28219633]

>>28206496
>implying your mouth is worth even .01 eth

[Anonymous No.28219761]

>>28219133
Meanwhile wh*tes need a 3+ bedroom house, 2 new cars every 3 years, meal and pet food delivery services plus amazon prime netflix and a laundry list of psychiatric medications to sustain a "lower middle class" life for themselves and their 1.5 kids.

[Anonymous No.28219905]

>>28198224
yes and no. depends.
to be given?
to earn?
to lose?
over howlong?

[Anonymous No.28220143]

It's true. What the fuck am I gonna do as a ETH/LINK bag holder stuck in 6 figure hell?
>cant buy property
>every stock worth owning just 3xed the past 3 months
>all of crypto is in a bubble again
>muh small business is a meme
every fucking market cycle i get to this point, where its enough to make me feel guilty about not cashing out, but THERES NOTHING TO CASH OUT FOR
WAT DO

[Anonymous No.28220675]

>>28204709
Not really. The real inflation is ~10%. You won't find a steady yield that high.

[Anonymous No.28221974]

>>28198349
Not really, in Brazil a regular house in suburban areas (quite small by american standards), will go for 250k, at the least.
An apartment in an upscale neihbourhood? About 1 million USD in São Paulo, 2 million USD in Rio de Janeiro.
Want to live in an honest to god mansion (not those macmansion aberrations you guys have) with a huge pool with a sea view, 7 bedrooms and 10 fucking bathrooms, a sauna and views of the sunset only god himself would have? Chalk up 5 million USD in Florianópolis.
And don't even get me started on the taxes.