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He just knew.. oldfags were cool af
>300k was "get rich" in 2017simpler times..
>>28541351>get rich>$200 - $300kHe was probably some third worlder
>>28541513It's amazing how fast time has changed indeed.$200k was still not rich back then. But the current standarts have become insane.>$5 million networth just the beginning. That is never enough to retire
>>28541351I’m here to tell you this is going to happen with link too. Buy and forget. It will eventually be the market cap that Bitcoin is now.
>>28541812That would mean LINK would get past $800 and we both know this will never happen.Delusional faggots
>>28541930that's only x20 from here
I wonder if he's still around
>>28541742I know your exaggerating for effect, but $5mill is definitely comfortable retirement money. If you're feeling lazy, just cash out, pay your taxes, and take the leftover 3.1 mill and invest in index funds/whatever giving 8-10% yearly interest, and live with a comfortable salary of 250k to 310k a year. In most parts of America/the world that would make you comfortably wealthy.
>>28541742Simple explanation: in USA you are fucked
>>28541351oldfag thread? let's go
>>28541930go back to your delphi discord
>>28541513>>28541603>>28541742Is this the power of living in a major city? I could pay off my 80k mortgage and live comfortably with the 220k left over for a long time.
>>28542567This hits too close. Tired to posting any meaningful discussion on this board anymore.
>>28542309Where I live that is literally top 1% kind of money
imagine if you read this post and then decided to buy red pulse
>>28542567>2018>oldfagI don't want to live anymore
>>28543043well yeah you get board after everything is clear, that is what Linkies went through>>28543310I get you, they aren't the crypto OGs but still old compared that what is going on this board right now. Every BTC bullrun creats a lot of newcomers.
>>28543179that's why you should never go all in. most people who went all in on LINK don't understand the token and are only here because of survivorship bias. I know a lot of people who got rich off ICOs in 2017 and lost it all in 2018 because they had no clue what they were actually investing in
>>28543310this lolwtf
>>28544107cope harder
>>28542309>I know your exaggerating for effect, but $5mill is definitely comfortable retirement moneyI wasn't exaggerating anon. It definetly is enough. Otherwise you need private jets and/ or are braindead. I was talking about those zoomies on here who think they need $20 million to be happy
>>28544319it's true you cocky retard. just in the Bancor general some retard with 6k LINK was asking us if "Bancor was a pajeet scam".
>>28542200holy fuck that post made me buy
>>28544559Bancor is a kike scam from 2017>t.4500 LINK and no idea what it does
What the fuck is happening? 2017 feels like it was yesterday, how is this oldfag?
>>28541351>2017>oldfagKEK>t. 2011 anon
>>28544107a friend of mine who doesnt get anything about crypto at all bought link in 2017 because i told him if you wanna go into a high risk and high reward investment just buy this shitcoin - hes 60x now....... i also really liked link (because of the memes) but never bought
>>28544853You better have 8 figures at least if you've been around that long
>>28544950reddit go back
>>28544900The friends I shilled LINK to have bought - and are still buying - XRP. I'll be happy for him I guess.
>>28545301so no?
>>28542309And watch as inflation overtakes you in 5 years
>>28544950that was another faggot replying to you, i'm doing pretty good, but life is pretty boring if you're a retarded cypherpunk nerd with no friends, even with money
>>28542309People who don't yet have $5M think this.Reality: You won't get 8-10% APY, you'll get 4%. 4% on the $3M you'll have after cashing out your growth stock/coins to invest in dividend stock is about %120k per year. On which you pay taxes. My current salary is about $400k per year. That's enough for my mortgage, saving for college for the kids, having a prudent health savings account and buying proper food. It's not enough for vacations. We drive clunkers. Raising a family takes money, anons. $120k is what a junior earns in my industry (software), do you think a junior lifestyle is a retirement target?Yes, you can go live innawoods on $120k per year (before taxes) but you can't raise a family in a state where your kids can get a real education and eventually start a career. At $10M I will retire, but before that I definitely can't afford it. If you desire anything but a Unabomber life you're kidding yourself if you think you can get away with less. Also, I'm over 50. You guys are probably in your 20s or 30s. If you cash out $3M now and put it in dividend stock, that doesn't grow much since it's a divy stock, that $120k per year will be paltry in 10 years, not to mention 20 years. One day you're 60 and realize your $120k per year just barely covers food bills and rent on a small apartment, and you can't afford new shoes. And you have no way to improve your position. Lots of anons "making it" dreams are in fact dreams about economic despair and disaster.
>>28545980> is about $120k per yeartypo.
>>28542309>and invest in index funds/whatever giving 8-10% yearly interestWhat clownworld economy are you looking at, anon?
>>28545980Is that $400k a year before or after taxes? How much is the mortgage per year?
>>28545980where do you live?
>>28546418there is no safe way to earn that with stocks but with stable coin staking it is possible
>>28541351Whats wrong with coinbase? I buy bitcoin using it and then vault it, what am i doing wrong?
>>28545980400k a year isn't enough for vacations? lmfaoo
>>28544392Or you're a boomer who has actually been dealing with these magnitudes of holdings for years and know what they are talking of. You never had $5M, you have no idea what you're on about. > private jetsNo, that's for people with more than $100M. $20M means private school for your kids and a decent house with a pool in a nice burb.
>>28545980>you can't raise a family in a state where your kids can get a real education and eventually start a career.oh give me a break dude. 120k is plenty most places, and many people live and have successful children in those places. But you need faggot baristas and immigrants to make you sushi at 1 AM or you aren't "living" amirite? You've been cucked.
>>28545980>Yes, you can go live innawoods on $120k per year (before taxes) but you can't raise a family in a state where your kids can get a real education and eventually start a career.>He fell for the "children cost one gorillion dollars every single week" meme.How can low iq poor people in third world countries afford to have multiple children while fags like you need thrice the average American annual wage to raise a family.
>>28544107man this cope is unbelievable. You're basically saying we just got lucky lol. It's funny how when i spend hundreds of hours of research i get lucky all the time.
>>28546505before taxes, mortgage about $60k per year.
>>28546615fair enough
>>28545980my family never made more than 40k per year and I still went on on vacations to beach every summer. i'll never understand fucking normie consumers they are literally brainwashed into giving the jews all of their money, its abit sad
>>28546581one of the software states.
>>28545980$120k per year is more than enough. id be happy with $40k per year. you're fucked up from living in the bay area as a software engineer
So many delusional fags ITT telling you what is plenty and what not.>>28537033
>>28545980My house isn't even $100,000 and my annual expenses are less than $10,000
>>28546946literally a (((californian)))
>>28541742this is so true, I am pretty frugal and ran very detailed budgeting numbers that placed my comfy middle class retirement number at $1.5M in 2017. Back in late 2020 I reran the numbers and the same standard of living was now going to need $2.25M to sustain. That's like a 15% bump every year just to sustain the same lifestyle. As it happens I have $3M at this point but literally terrified to quit my job and be retired because by 2025 the same lifestyle is probably going to need $4M in passive income to sustain.
>>28546833I said most people, but I guess you can't read despite being such a thorough researcher. Look around you and tell me you're in smart company when you see 6 figure portfolios making it off scams like Rubic.
>>28547112how did it go up? what caused it? wtf..
>>28546690It could be, but then I wouldn't save aggressively for college funds, prudently for healthcare funds and 401k, and I'd have to have the kids be raped and school-shot in a public school.
>>28545980Imagine being a consoomer faggot whi loves in a mcMansion and pays taxes on his income in the United States of America while having kids who end up being lazy and unthankful.I know the whole thing is a LARP, but in the very slight chance it's not, then kys, because it is literally over for you in every possible way
>>28545980LOL, what an idiot...will probably be moving to TX in 1-2 years.
>>28547136you're saying theres no difference between rubic and link? lmao
>>28547136you're just coping dude. Early link threads were a collaborative effort by dozens or even hundreds of anons chasing down leads, discussing them, and either accepting them or discarding them based on group analysis. You don't want to believe this because you're low iq and the fact that we were right and you were wrong hurts your ego. We literally spoonfed you people for free, midwit.
>>28547271You can't read
>>28545980Do you live in San Francisco or something? You're making it sound like you need the GDP of a small town to raise a small family.
>>28546649people were skeptical of using sites like this because of what happened with mtgoxi.e if the site gets hacked then everything you own is gonenot really a concern now but it is still possible
>>28547364I'm not coping for anything because I bought LINK myself. Keep feeling offended at something that wasn't even aimed at you.
>>28545980>Reality: You won't get 8-10% APY, you'll get 4%. 4% on the $3M you'll have after cashing out your growth stock/coins to invest in dividend stock is about %120k per year. On which you pay taxes.Bad math. If you've already cashed out $5M and paid your $2M worth of good goy taxes to the IRS, then you've reset your basis. You can draw down on that $3M at that point without paying any more tax, because you've already paid your dues. If the $3M goes to $4M and you cash some out then you might owe 23.8% LT taxes on the gains but that's like the equivalent of a 6% income tax at that point.Anyways you're baiting (successfully), but I hate seeing that shit where people think you just shave 30% off your net worth every time you buy or sell something, as if basis and net capital gains weren't things.
>>28546799Do you think I have money to throw at frivolities like baristas? I make my own coffee, thank you. No, you simply don't get it yet.I think the main issue is that a lot of young posters here think "how much is my current lifestyle costing me" and then think "if I had a passive income stream of that size I'd be set". But that's thinking only about yourself, it doesn't factor in raising a family. You are thinking about "doing right" by yourself, i.e. what consumption levels do you need to sustain to remain happy. But thinking longer term, you should be thinking "what will I need to provide my kids with to make THEM happy", and when you sit down and go over those numbers you'll realize you need about 10x the money that would have made just you, the hermit, happy.
>>28547520alright ungrateful newfag. We did the work so retards like you could get lucky i guess.
>>28547378rubic threads and also the dozens of other ico threads back in 2018 were nothing like link threads. maybe on the surface, but there was a clear difference. i have yet to find a project like it. don't know how you don't see it, i just assume you're new
>>28544752that's why you only have 4.5k linkies, faggot
>>28545980>can live innwoods for $120k/yrHa...hahahahahah... hahahahahaYou sure can anon... you sure can
>>28546827Because they have resigned to their kids not having futures, they got them anyway because they are biological machines programmed to do just that. If you are a responsible, thinking, civilized member of a western society, having kids without having made enough to give them an honest chance in life is dastardly.
>>28547172Google search: United States M0 Money Supply
>>28547172Almost everything was just 40-50% more expensive when I reran the numbers, no lie. Especially housing and health insurance which were both up 60%+ from three years ago. I do live on the outskirts of a metro bubble though so we've been getting an influx of city cucks escaping to the country and spiking real estate valuations.
>>28545980You live in an extremely HCOL area. For someone living in a LCOL/MCOL area with a smaller family, $5M should be enough to diversify and live a decent life. I wouldn't call it economic despair or disaster.
>>28545980wow you are really retarded with your money
>>28547660$4.5 million after tax will be enough for me to retire. Oh did I tell you that I don't need to pay taxes on those Linkies?Yeah, cope harder.
>>28547783but inflation has yet to hit anything in his budget spreadsheet. unless its like future medical costs (just fly to spain for treatment)
>>28545980lolwutThe median household income in America is around 68k per year... and the 50% of Americans live paycheck to paycheck. Yet somehow, these same people are able to raise families just fine. Your bay area boomer ass is detached as fuck from most of America.The only thing I'll give you is the lower percentage APY. But even that can be corrected over time by reinvesting your income and living within your means. And you can still go on fucking vactations to boot to
Btc will reach 500,000
>>28545980>Yes, you can go live innawoods on $120k per year (before taxes) but you can't raise a family in a state where your kids can get a real education and eventually start a career. You almost had me until this, you're retarded if you think you have to live in california so your kids can have careers and you're clearly not in the software industry because you think it only exists in california. Nice larp.
>>28546946Oh sure, we can also afford "hop in the car for a week"-vacations, by vacation I meant "fly to somewhere you'd actually want to be for a few weeks"-vacations...and not to be a put down, but those cost about what your family made a year. But I can afford to take a week off from work and drive to some local beach. And, to be very clear - I'm not saying "living a non-jet set life isn't living"! I'm not ragging on the proud efforts of your mom and dad, I'm applauding them for making do and doing what they could to give you a future with the means they had. I don't laugh at them because they are not in a limo. I'm also not in a limo. I'm saying, there are other ambitions than snorting coke from supermodel butts that lead to the conclusion $5M is not enough, which is raising a family and making sure your kids have a good shot at careers of their own. And I'm not saying you need $5M for that - I'm saying you need more than $5M to /retire/ and do that! The reality for most of us is that we keep our jobs.
>>28547942100k Link is barely enough to reach that money, how are you going to pull it off? did you fell for the 1000EOY meme? LOL
>>28545980You're over 50 and on an anonymous internet anime board?? How long have you been on here old timer? Do you still understand what everyone's talking about?
>>28547639I'm in since december 2017. Stop being a butthurt faggot and stop pretending reading assblaster threads is "doing work".>>28547648It's not about LINK, it's about people buying into things they don't understand. This goes for the majority of LINK buyers and it doesn't necessarily include you or anything else reading, but apparently feeling like you got lucky to any extent makes people angry and defensive. I admit I got lucky, because I am not a technical expert and I had no idea how important oracles were until the DeFi boom. There was in fact another project like it, it's called RLC and it permanently crabs.
>>28546978>id be happy with $40k per year.Me too, I could live innawoods on that. But I couldn't raise a family that way. That would not be fair to them, having to live like the Unabomber just because dad decided "civilization is for cucks".
>posting in 17/18 makes you an oldfag nowzoomers get out
>>28547056And your kids, are they in a nice school? They have all the options to study for serious careers in your neck of the woods?
>>28548431You could probably raise a family on that but you'd be in meth/fentanyl country in West Virginia or some shit
>>28548030only if all the companies in the world adopt it anon (plus governments too)
>>28545980If your $400k per year salary isn't enough to go on vacations then you are fucking up bigtime somewhere else. Jesus Christ, man.
>>28548408pathetic
>>28545980I hate privileged faggots like you. It’s rare for my family to make over 50k. But we still manage to scrounge up enough for a vacation once every few years, if Hawaii is too expensive then we drive to Atlanta or someshit. Making 100k is making it unless your already born into a rich family
>>28545975we need a "find purpose after you get rich" general
>>28541513tbf 300k for 99% of people on the planet would propel them into>owning a home/property>afford education and not having to work while they're doing itthis is the recipe for having children in a stable home which would then go on to become educated themselves ensuring your success in your later yearspeople tend to forget that you need to set the world up so that you're not forgotten, and 300k is enough to do that.THAT SAID, NEVER SELLING.
>>28547755>Because they have resigned to their kids not having futures, they got them anyway because they are biological machines programmed to do just that.If you are a responsible, thinking, civilized member of a western society, having kids without having made enough to give them an honest chance in life is dastardly.What I am trying to say is that you don't need to be a multimillionare to properly raise a family, what kind of expenses necessitate needing that much money to raise a family?
>>28548431your family would actually have a happy parent not gone at work all day, that'd be pretty cool
Am I going to make it with my 0,2 btc? third worlde rhere.Damnit I got into BTC in the end of 2018 I missed it ou didnt I?
>>28547227lol yeah imagine. My kids taught themselves to read at 3 and spend every waking hour on their many hobbies and interests. Lazy and unthankful indeed. I'm top of my field and I feel like a slouch compared. But sure, you never know. Perhaps I will be disappoint. Perhaps they will turn into what you say. If that's the case, I know at least I gave them the chance, which is my goal in life. What's your goal?
>>28541513I wouldn't work a single day if I had 300k,stop living in San Francisco lmao
>>28547755>Because they have resigned to their kids not having futures, they got them anyway because they are biological machines programmed to do just that. If you are a responsible, thinking, civilized member of a western society, having kids without having made enough to give them an honest chance in life is dastardly.What I am trying to say is that you don't need to be a multimillionare to properly raise a family, what kind of expenses necessitate needing that much money to raise a family?
>>28547252My neighborhood is full of people who have moved in from Texas, because they want a chance at a real career.
>>28548935God you sound like an out of touch moron. You are wasteful.
>>28548323kek what a dumbass boomer, if youre not larping you have the got to be the shittiest person i've ever seen with money and I regularly watch /biz/ faggots gamble on shitcoins. imagine being in the top .001% of income worldwide and still not being able to go on a vacation, let alone have multiple income streams from real estate, stock market. but i'm convinced this just bait at this point. congrats, i guess
>>28545980pls be bait, there are too many newfriends this bullrun who were clearly born into wealth who keep saying dumb shit like this recently. 400k salary and 'It's not enough for vacations' reminds me of them rich kids who think a box of fruit loops is over $100.So either this is bait, or you need to take your family on a holiday for once you stingy cunt
>>28545980>saving for college for the kids>he fell for the trad jew>"gotta pay for the wife's retarded frivolous spending, pay for junior's sex ed classes at a "christian" private school, pay for the princess 20k sweet 16, oh and we have to live in a cucked high-taxed shithole like Commiefornia in the beach!"My god, what a waste of time, effort and resources just to continue your genetic lineage
>>28549184it's obvious bait. i live in a super HCOL area (one of the wealthier parts of the bay area) and earn about $350k and can 100% confirm this dude's exaggerating for effect, if not just straight up larping
>>28541351Read this entire thread>>/biz/thread/S1214767biz never changes
>>28546833>It's funny how when i spend hundreds of hours of research i get lucky all the timeShitposting and reading biz isn't research, fren.
>>28547400>You're making it sound like you need the GDP of a small town to raise a small family.Well I wouldn't want to try and raise a family in a small town with that GDP. Don't you want your kids to grow up outside of Flint, Michigan anon?
>>28541930Imagine thinking link will never be 1 trillion dollars in marketcap
>>28548323this is what most people are missing. if you never want to work a day in your life again, you need more than $5m. but thats a fucking pipedream, even if i “make it” and get to a couple mill, I’ll take half out buy a house and leave the other half in. then i can work a job i like instead of one i have to just to pay the bills.
>>28547112The biggest catch with inflation is that you can't retire. The money you received for your work 10 years ago in now worth less and you can't save up. It's a scam designed to keep you a wageslave until you are old and broken, at least for a large majority.
Also honorable mention>>/biz/thread/S430845#p431216
>>28546833It used to be that promising coins could be found on /biz/, before they had already mooned. Now it feels like a dumping ground. Am I wrong? Could y ou throw a bone to someone that shouldn't have left years ago but did? Where do you research and how do you find promising coins, it seem like if they are on exchanges they are already spent. Any tips or recommendations?
>>28549021Im on your side anon. Most of these people don’t realize how expensive kids are, and it seems like you’re trying your best to accommodate them. That being said, 400k/year is more than enough. My father had 4 kids and paid for a cushy lifestyle and some uni on 150k/year.
>>28547881>For someone living in a LCOL/MCOL area with a smaller family, $5M should be enough to diversify and live a decent life. I wouldn't call it economic despair or disaster.Right now, yes. Given 30 years of inflation, no.
Oldfag thread you say?
>>28549633Even this is mentioned, kek.>but this time will be different
>>28549860Follow the LINK whales who actually knew what they were buying into and what LINK is currently enabling (people not holding LINK in their wallet waiting for staking). My tip: YAX
Why not coinbase?Aren’t fundus safu now?
>>28541351I have 0.01 BTC. Feels bad man.
>>28547959>Yet somehow, these same people are able to raise families just fine.> Opiod epidemic> Homelessness epidemicDoesn't look it, anon.The point is that if you can get your family out of that world, you should.
>>28548084No, there are more options than California. But there aren't 50 options for livable states.
>>28549184It's not bait. And since my crypto portfolio is doing very nicely, vacations are incoming. But what do you think taking the family to Disney World for a few weeks costs? Or a couple weeks on Hawaii? Again, taking the car to a local beach we can swing on my salary.
>>28541351>2017>oldfag
>>28549230>or you need to take your family on a holiday for once you stingy cuntYeah, this is the correct take, but I will as soon as the money isn't coming out of their college funds.
>>28541351>P.S. Buy some Ethereum they are around $10AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHFUUUUUUUUUUUUUUUUUUUUUUUUUUUUCKKKKKKKKKK
>>28550746>tfw been here since boxxy and still consider myself new>tfw realize how much precious life and energy I have wasted here
>>28549860That is survivorship bias, probably the only real one was ETH because before that crypto was a wasteland of vaporware projects. After ETH proved a BTC style moon could happen again every little shitcoin flooded the board with the same dumb posts shilling their retarded project, increasing the noise on the board significantly. Of course there were legit projects but for every shilled project that made it, there were 10 that went down in flames and JUSTed a ton of bag holders.If you look at it most people only catch one or 2 moons at most, which leads more to being more lucky than good, because if you were good you would have hit way more than 2 moons and be worth 8+ figures easily.
>>28545980I hope you own $LINK, old man.
>>28550181Thanks
>>28548323>>28545980how much did your parents make? how much they spent on your education / upbringing?
>>28549491With the exception of college, all of what you listed are exactly the kinds of things we go without, along with vacations, to build up a platform of wealth that will ensure our kids can try for doctors or lawyers if that's what they want. We're getting to the point where vacations are on the menu, but certainly not retirement.
>>28550706Do you realise that you do not have to do that?Would you really rather spend 40 hours a week at a job instead of just doing less vacations
>>28545980Geez why do you have to be so real. THIS guy is giving it to us straight!
>>28549538Do you support a family with kids? Are their college funds in good shape? Can they avoid having to go to a public school? Can you withstand medical emergencies? If your answers are yes then I suppose I could learn a thing or two from you.
>>28550919Survivorship bias does not existMost milionairs went broke at least two times before making it
>>28541351>Ethereum>$10Holy shit...
>>28550909>still doing it and going to do it
>>28545980>People who don't yet have $5M think this.Anon, there are people who live on 10$ a week. You're complaining about the problems that come with managing 5 mil like its a chore . Get a life
>>28549796This.
>>28550181Any tips on how to find these wallets? I've heard this before and it seems like a great idea, but i'm not sure where to start.
>>28551232This..I made 5k with bitcoin and in my shithole it's like richness almost..I can literally do anything I want here now..
>>28550043But that was maybe 15-20 years ago? $150k 20 years ago is like $400k today. Yes, a loaf of bread hasn't increased that much in 20 years, but college tuition, housing, medical expenses - i.e. all the stuff you spend big money on - have.
>>28550435Youre retarded dude. If your not in double gated community doesnt mean every one is dying of fentanyl ods get a fucking grip. Household makes about 100k and we live in a safe neighborhood, have a new car, kids and go on vacations. Not a rural area in any way. Sage this 'never gonna make it' horsehit and save it for the next black pilled retard you come across. Dont be a consoomer mong and you can easily live comfortably on low 6 figures a year even in a good area
>>28551446Anon, most of /biz/ have drinkable water in their house 24/7...
>>28551094I would rather take the kids to Disney World, I'm already in a business where you have to work a lot or not at all.
>>28551304>https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca#balances
>>28550236NOT YOUR KEYSNOT YOUR COINS
>>28541351are you not supposed to hold your crypto on coinbase?
>>28545980Please tell me this is copy pasta. Family of 4 here living comfortably on 30k a year lol. $900 mortgage. Fix my own cars (2000s Toyota’s run forever) kids eat our food we cook. diapers $17 a box of 150. Private school here is $200 a month per kid.
>>28542309based new copy pasta
>>28551554Kek
>>28541351whats so wrong with coinbase though? theyre insured + easy flip to usd whenever you want
>>28551232>Anon, there are people who live on 10$ a week.I haven't been that poor, but I have lived on $1000 per month. I know that having $5M is better. I'm just, in summary, saying that $5M isn't enough to /retire/ (stop working) AND give your kids a bright future anymore.
>>28551446And 0.2 BTC is fine for you, considering we are looking at $100k+ in this cycle. Just don't get scammed and have safe backups.
>>28551608You sound like tve rich dad ftom "rich dad, poor dad"I suggest you read that book and get a good financial educationIt's worth more than money
>>28542772same. big cities are for retards in general tho, doesn't matter how rich you are, cities are for roaches and rats
>>28551790How do you know I have 0,2? and why are you telling me to have safe backups?
>>28551771You can not force your children to be wealthyIf they really want to screw ir up, they canIt would be better to give them a financial education
>>28551841sounds like someone couldn't cut it in the city. keep on coping in your rural shithole, if it makes you feel better.
>>28541351Ops "oldfag" bait thread ruined by a single ((boomer))
>>28551540>Dont be a consoomer mong and you can easily live comfortably on low 6 figures a year even in a good areaYes. You haven't read carefully. low 6 figs, like $120k per year, is enough for a modest lifestyle today. But if you /retire/, that's the passive income that's going to last you the rest of your life. In 20 years, low 6 figures per year ISN'T going to support a modest lifestyle anymore. Inflation will lead you to poverty taking this route. I'm not saying anons who make some low 6 figures per year in salary and raise a family shouldn't feel good about themselves! I'm saying cashing out $5M now, retiring, and thinking you'll keep that lifestyle up for the rest of your life isn't actually going to work.
>>28542567tfw pnk threads are getting like that sometimes.
>>28551446based
>>28551990Spotted the fag. He needs to live in the city so he can have a new STD ridden hole every night from his Grindr app.
>Can't live on 120k pa?>Taxed half your income?!USA really is the land of the free huh.
>>28545980>Also, I'm over 50I hate boomers
>>28545980Anon, what state you live in? If it's fucking California then get the fuck out of that state.Otherwise, I get you, right now most anons live for themselves, you gotta live and work for your family too. Thing is that a lot of anons giving you (you)s think they'll never have kids or a family, and will go for cheap whores in Thailand or some shit instead.
>>28551674A comfy life is a comfy life, anon. I'm not ragging on your life, I'm saying if your kids want careers they won't be able to stay in your town, and they will have to take on a lot of risk in the form of student loans. My kids are little geniuses and if they decide to go into corresponding careers I want them to have the chance. If they decide to be modest librarians then I didn't need to go through the trouble of creating the opportunity for anything else, true, but it's nevertheless the best use for money I can imagine to give them the chance to choose.
>>28552072Market returns at least 7 percent average Minus two you reinvest to beat average inflation and keep the same inflation adjusted income is 5So 2 mil is a very comfortable 100k per yearAnd that is if you just buy indices and don't beat the market
>>28551771>$1000 per month.Thats a lot too. Also you dont need 5mil, nobody needs 5mil thats a lot of money. You could do so much good with that money but it sounds like you spend it on crap and pump your ego and family name with it at the expense of your privileged kids who will end up being bullied and looked at like retards to the average person or working class hero. It doesnt sound like you're smart money, just dumb money
>>28545980You're right to share this knowledge, but realize some of us live in the mid west. 400k a year in a mid-western state will easily support a family, vacation, ect.
>>28552323Basically this. Fucking such clueless cunts.
>>28541513In my cunt (nz) house prices have increased by 9% yearly so 5 years ago houses were literally hundreds of thousands cheaper.Shits fucked.
>>28541812How much do I need?
>>28551937Oh true enough. When my kid was five they knew that if they have saved up money for a big purchase but the time is not yet right (they'll only need the car in three years, say) they should park their money in appreciating assets (gold, so far, I haven't explained cryptos to them yet) to ensure they can still afford that car in three years. Currently they are learning about bank accounts giving interests, their next lesson will be the blackpill that they don't anymore, and how investing in assets is the only real way to not lose purchase power with inflation (so, back to the old gold, stocks and bitcoin).
>>28545980man, i thought i was a boomer here but you take the cake brother... there are no schools and good educations in this new normal. inawoods is better than the burbs (or god forbid, the city) for the era we're entering
>>28552435>Little Geniuses>Having to pay for collegePick one.
>>28545980retarded larp 400k per year is make it anywhere other than fucking dubai and monaco
>>28551990
>>28541351you didn't add in the 30-40 replies of >shill>kike>retard afterwards?
>>28545980>your $120k per year just barely covers food bills and rent on a small apartmentKek you're insane.>$400k a year not enough for vacationsFucking move someplace else. In Europe with that money you'd be straight up rich.
>>28552816Well, good job teaching them about thatStill, you might want to cut your expensesCompound interest will then do the rest
>>28552506Yes, long term. But there are years when they don't. They will be very bad years for you if that money is for your living expenses. Thus why people going for such a lifestyle don't take profits on growth stock but invest in more stable, dividend yielding assets. And a good target there is about 4%.Of course, I went big into GRT, which will yield 5-6% AND beat inflation on growth, so I'll actually have made it in a few years.
>>28545980imagine being this terrible with money
>>28545980How are you over 50 years old? Did they have 4Chan in the 70s?
>>28552518I have never claimed to be smart money. I have claimed that non-frivolous living expenses in an area where your kids can get an education and a career are much bigger than you think, and that you forget to factor in inflation on your passive income streams.
>>28551201I'm not sure you understand the term, how is your example relevant to what I said?
>>28545980God bless you and your hard working mentality to provide for you and your family. Unironically.
>>28553062That's why having cash lying around is important to cover for the bad yearsIn the years your assests return 250k, you save the excess and perhaps reinvest a bit of thatOr you just reduce liabilities so your minimum cost of living is very low
>>28542567The same exact story will happen with XRP.
>>28552561Yes it will, but once you make $400k you will start dreaming about your kids being able to go to a good college, find a job without moving five states away, having access locally to the best hospitals, things like that. And again, my point was never that $400k per years is too little to survive, just that it's about right for a non-frivolous lifestyle in an attractive state - and to remember to factor in inflation, which implies that in 20 years $400k per year will be nowhere near enough for that anymore, much less the $120k per year that I originally objected to as being enough to have "made it".
>>28553285Many People who pick good coins didn't pick them at randomAnd if they did they might already have sold
>>28553052Well, I've already cut out vacations, restaurants, basically anything we don't really need. A Netflix account for $20 buck / month I don't see as an expense worth cutting. But all the money goes into college funds, mortgage (2.75% 30 year fixed), healthcare savings and retirement savings. I don't know how I would do much better?
>>/biz/thread/S10737218#p10737994Still proud of myself for dabbing on the stupid faggot who doubted me. I bought 10 BTC below $4k USD. I hope he's fucking dead.
>>28552832Frankly you may be right about that, but then I'll be well positioned for that too. Then it's back to the ol' family farm but with a few mil to weather any storms.
>>28553577But that wasn't what was talked about, the OP was talking about how it felt to him like /biz/ had a knack for finding gems and not the dumping ground it is now, when it was always a dumping ground since eth and its just that there are always a few gems that get remembered while the rest are forgotten. We were talking about the projects that survived, not the people that were investing.
>>28553877Ah, come on, no reason to hate him
>>28545980high quality bait.
>>28552869Well that would be cool, but I'm not betting on it. Frankly, I was a little genius too and by the time I was done with high school I had learned the most important genius skill, which is doing all you can to hide it. I definitely empathize with Chris Langan, and if my kids decide on a similar route I won't hold it against them. But I guess there's a chance they'll be less mistrusting than I and actually do their best to get scholarships. Then I can buy a lambo instead. Although I wouldn't, because frivolous spending gives me the heebie jeebies.
Some things never change
>>28553568I understand. I think you're too locked into your own living situation to understand that you can do with much less - which is fair, as those are the cards you're playing with. And a lot of this probably hit it's mark when some of us being dealing with insurance rates for a family, and not a single guy. Me and my actuary friend discuss long term retirement plans all the time, something we both knew from the get go was 1 million dollars really isn't all that much.The old adage of becoming a millionaire now requires a net worth approaching 10 million.
>>28553953The part of biz that are not shilling are still recpmmending btc and eth, are they not?Although in the current market one might want to wait for the topOr notNot financial advice, since i don't know where the top will be
>>28553451Yeah, that's certainly a working strategy. I suspect very few have the discipline to keep required emergency funds though, but if they can, what you suggests is optimal over dividends.
>>28554255That's why you never listen to anyone on here.
>>28553100> Did they have 4Chan in the 70s?No, we had irc, it made 4chan look like a safe space kiddie pool.
>>28554293We're probably going to arrive at a plateau for BTC market cap at one point. Just like what gold is going through. In ten years, you'll read new articles remarking that bitcoin is not the same wildly lucrative investment that it used to be. And it will probably be about as competitive as your average index fund.
>>28551990kek, retard. I live in a city right now and would love nothing better than to live out in the desert. The ONLY reason to live in a city is if you're trying to find good job opportunities or are a consoomer/woman
>>28554255That guy on about the dollar was right though
>>28554443IRC existed in the 70s?Also, if you have any old logs. Please share them.
>>28544900>too poor to put huge investments on many alts>tell my friends with money about them and they invest>everyone is 10xI think it's pretty cool and my friends see me as some kind of oracle lol
>>28554700> IRC existed in the 70s?lol no, my bad, old decades merge together in my head. Irc came end of 80s, before that it was BBS. But they still made 4chan look like an easily triggered prude.
oldfag >2017wish I had my old drive here or I'd show you some posts from 2009 where REAL OLDFAGS teached how to mine BTC with ASIC set ups
>>28554255Oh I like how wrong was the guy at the bottom.And I hope second guy hold to see the 2021 price on btc.
>>28554700>Also, if you have any old logs. Please share them.I wish. Back then, I thought I was living through the shitty time of the Internet, musing on how great this would be when it grew up. I have never been more wrong.
>>28554700
>>28541742How about you leave US behind. 100k here is 1million in us. If you have few millions the you get the idea.
>>28554293btc and eth are basically shit on by people that were late to the party but they are basically the closest thing to a safe bet in crypto. The thing is people here are looking for moonshots, 100x deals, which these have already done and probably wont do again.>>28554452The idea is that each subsequent halving event is reducing the issuance by less and less, leading to less shocks in supply making it less volatile overall. Like there is no clearly defined link between issuance as price, but the pattern is there.
>>28550706>Disneyworld for weeks >Going to Disneyshit everholy shit you have to be the the most retarded boomer ever to go to an amusement park in the year of our Lord 2021. Even an overseas trip is cheaper than that shit.
It’s surreal how someone can sit here and make 28 posts defending his lifestyle of only making 120k year and giving half of it to the government of California and Biden.No wonder why you’re a moron
>>28542309>$5mill is definitely comfortable retirement money.>HHAHAHAHAHAHAHHAHHAHAHALOOK AT THIS YOUNG FAG>HAHAHHAHAHAHHAHAHHAHHAHAHHA>WHAT IS A HOUSE IN A GOOD SCHOOL DISTRICT?>WHAT IS HEALTH INSURANCE NIGGA?>WHAT IS A BASICA AMERICAN MIDDLE CLASS LIFE FOR 2.2 KIDS AND AND MAN AND WOMAN NOT WORKING 80 HOURS A WEEK EACHTHAT'S $300K MINIMUM A YEAR NIGGA4% A YEAR RISK FREE IS ALMOST IMPOSSIBLE AND YOU'RE SHORT 100K/ YEAR WITH A 5MIL STACK FAGGOTHAHAHAHAHHAHAHYOU'RE SO FUCKED.
>>28547554>frivolities like baristas>>28547755>dastardly>>28548323>The reality for most of us is that we keep our jobs.yup, you’re a fucking boomer alright. not your fault, but your time is over dog. i’ll retire with $1 million at 23 and have 10 million by 30. then i bust inside some whore and raise my kids to be chads. it’s all in the mindset and boomers don’t get it.
>>28555457I went to Disney World as a kid, and loved it a lot. The point is that kids love it, anon, and I'm doing it for the kids.
>>28556275>HAHAHAHAHAHHAHAHAHSTILL LAUGHING >HAHAHAHAHHAHAHAHHHASOURCE: ME NIGGA. IM DOING IT>AHHAHAHAAHHAHAHA
>2017 is oldfagLmfao
>>28553491This is what xrptards actually believe
>>28556392>i’ll retire with $1 million at 23 and have 10 million by 30.Then you'll not have retired, you're working hard on growing your money, probably working harder than I am. I already said I'm 50+. $1M doesn't turn into $10M all by itself. There's a reason they call it 7 figure hell.
>>28554853So from your friends' perspectives, the real oracle was the friends we made along the way?
>>28556275bro just leave the country, Not worth staying here anyways
>>28556704>halfway through 6 figure hell.>not risking too much because its a bull market where if I leave the house it can all go to 0 instantly.7 figure hell must be a new beast.
>>28554898>But they still made 4chan look like an easily triggered prude.The only thing that's truly banned on 4chan are illegal content so I don't know what kind of weird shit you were looking at back in the day.
>>28557077maybe portugal since they don't tax crypto. im telling you bros the struggle is real. I have a regular fucking house and 2 car garage like any family would in the past 6 decades in the USAThere's a massive transformation happening in this country. It's hyper-white flight on a scale never seen beforeEntire regions of the country are pricing out non-white(middle-middle and low middle class families and below are OVER and priced out of decent neighborhoods).save up and move anon if you want a shot at good American life.Texas, Florida out West find your people and cost of living and find a neighborhood you can mature in with your familyMARRY EARLY
>>28548935lol look at this powerful anon whose cock is so massive he spends his days on /biz/ bragging about his amazing life. A+ on creative writing assignment
>>28544107Thanks to holding LINK, I know wayyyyy more about crypto now and where the value lies than I did back then. LINK is an educational token.
>>28545980Do Americans really
>>28544107most people who invest in crypto is in because of that. but you can call it luck all you want but a broken clock is right two times a day.
>>28543179they would have no pulse
>>285572144chan moderators ban you for lots of legal content, people know that and self-censor. You didn't have that back then. I'm not talking about illegal porn, I'm talking about people daring to say anything because they were actually anonymous back then (sure, there were a few feds, but that would be the "special cyber enforcement unit" of 20 cops or so, nowadays every VPN will cc your visit to "isthe governmentmaybelying.com" to your local PD.
>>28541930you have to go back
/biz/ old fag here. If you look at the sticky photo closely there is a Godzilla in it. Thats from me. I recommend it to the mod who made it.
>>28558592based
>>28545980You fucking suck, lol
>>28558844Can't please everyone. I'm happy to consider you collateral.
>>28557335dude just leave the US lmao. It's clear the best days are behind
>>28553906ill snipe your boomer guts out from 200 yards away and take your daughter. thanks
>>28559368I plan for 3yrs like bezos but tend to do a future self outlook 10-20yrs down the road. I'm from the generation of PUA's in the late 2000s who were more into the self improvement sort of things.Anways, I get what your saying. That 5mill isn't enough 5-10yrs down the road when you factor raising a family. Though theres a few things I'd like for you to consider1: By 2030, 45% of women across the country between ages 24-44 will be "single" single mothers, don't know though with the coming generation being more "independent" what would be the real cost? Is it not possible to raise a family and be happy with sound children and mommy has a bf and daddy has girlfriends?2: You live in a HCOL. States like TX, FL, TN, NV have 0 income tax. Have you considered working remote? If so what about moving to PR, Thailand or columbia? You're costs would dramatically go down.3: I get what you are saying about inflation. I never even thought of that and it does change the game. In 10yrs, $50 might buy you a pizza with wings. Though some 99% of this board is invested into crypto so historical speaking they are beating inflation by miles. It's one of the main reasons why BTC is hitting 50k. So if I switchd my position from "cashing out my entire stack" to "cashing out 15%" or even better "taking a loan on my holdings" I would be perfectly setup
>>28545980Thanks for the insight you've been dropping throughout this afternoon.I get your perspective and respect that you're planning that far ahead not only for yourself, but your family's future, and taking into account of how truly fucked the country will be in 15+ years with exasperatingly high rising costs to essential pillars of comfy retirement (healthcare insurance, housing, taxes, cost of living, inflation, etc).What is astounding is that I wouldn't even consider your line of thinking or wealth targets as "upper class." I'd consider your financial goals in 2021 America classically "middle class."There truly is no more middle class. You're either fucking destitute, poor, don't have enough money, or are otherwise fuckloads rich.
>>28545980Wtf I'm a senior making $120k
>>28554922post net worth and wrist
>>28544107Dude I went all in at the beginning of last bear and never stopped buying, even bought more yesterday under 30You are dumb and you have never read the chainlink whitepaperYou dont understand that all the crypto shitshow we have needs to function in the real world is,sergey’s work, thats what made me buy then, still making me buy todayTheres no real use to smartcontracts if theyre not connected to real world inputs and outputsThats why you dont diversify and only buy link
>>28560241>So if I switchd my position from "cashing out my entire stack" to "cashing out 15%" or even better "taking a loan on my holdings" I would be perfectly setupYes that's the right track, or even finding a crypto with good dividend-like yields like link (when it has staking) or grt (right now). You have to remember to fight inflation, is the basic take-away. > Thailand or columbia?You'll get kidnapped in a week. And even if you don't, your kids aren't going to Harvard this way.> cucking as the way of the future for cutting expensesI can't tell anymore. I hear there are 74 genders now, perhaps a 74-way marriage-like arrangement could be turned into a corporation with tax benefits? I'll advice my kids to entertain the possibility that this is all a fad that they shouldn't get too in love with, and may look back on like bell-bottom jeans.
Also on raising kids. Most wealth accumulated in a generation is lost by the 3rd generation. I think a better plan would be how to educate your kids the value of a dollar. You make 400k a year, and you'll have in retirement (for this example) 15million divided between your kids. Whats to say they want to live like Dan Bilzeran? Or maybe one of them wants to be like lil Pump? I know a guy who's dad makes 6 figures. His FIRST car was the newest model lexus, and the kid doesn't want to work at all. He just wants for his parents to pay him out, a true trust fund baby. In fact out of the 5 kids, only 2 have degrees. One majored in art another majored in psychology. What would be the point of working so hard to generate 15million only to see your kids piss it all way partying in a penthouse in Vegas with an escort he says he's fallen in love with?(True story)On the matter of private schools, all the data suggests its not worth the cost. Even Ivy league schools aren't worth the cost unless you can bribe the admissions office. Whats more important imo is social skills and trying to raise your kid as a chad ie donald trumpYour wife? She could cheat with the pool boy and file for divorice. Looking at Bezos/Musk anyone who isn't gates (he could have a death contract on his wife for all we know) Things change and relationships gets stale. Have you considered that?Anyways, I think you were a little too black/white in your analysis on what it takes to "make it"
>>28560542how will chainlink survive iota?
>>28545980400k and can't go on vacations? lol. You're fucking delusional. You're a boomer trapped by money you've made. I got by on far less from crypto investments years ago and I have the time and space to enjoy my life.
>>28560357Have you stayed for a long time with the same company, anon? The trick is job hoping every few years.
>>28542567>It would actually be very very dumb for someone to see that and not instantly think "Wow, these people are retarded"Fucking kekAs oldfags used to say, Something Awful and I think this applies to Reddit today too is a place where retards pretend being clever, whereas 4chan is a place where clever people play pretend being retards
>>28560830Exactly, anon. Boomer thinks happiness and success for his children is unachievable without gobs of cash and a pool. Fucking sad
>>28560824I just don't know if my kids would care about Harvard. I like to think we are entering the age of hedonism as did the greeks. Personally, I'm not opposed to it though from a finaincal point of view I am apprehensive. With marriage I am entering into a legally binding contract with the state. I get that theirs tax benefits and such, but marriage seems like the formation of a company? Than say a vow between two lovers?I wouldn't stay long term in thailand or columbia, though it doesn't seem to be a bad idea to stay in a foreign country long enough for the kids to learn a new language, see life from a different prespective? Maybe afterwards move back to the states long term.
>>28548431civilization is for cucks though
>>28560824I'm not trying to be harsh on you because you did raise a good point which is inflation along with >>28547112 Cost of living in the States is expected to go up dramatically in the next decade - yet ive been so focused on crypto that i didn't put 2 and 2 together. I'm seriously thinking that living out of the states short term is a very very viable solution to "making it"Or a combo of tiny house + van dwelllers. Cost of raising kids in total is roughly 1million per child from ages 0 - 18. Add in your wife, dog and the house and fucking hell...
>>28560830>I think a better plan would be how to educate your kids the value of a dollar.It is, but educating them and then giving them some starting capital is the one-two punch for success. Doesn't even have to be about giving them money, things like being able to focus on your education during college instead of working a second job and spending real energy on worrying about your mounting student debt will compound and form the real platform for success. The real big one, though, you don't need that much money for, and it is one where Americans are fucking up so badly. It's letting your kids know that they can always fallback on living with you if things don't work out. Knowing that they won't be homeless means they can take reasonable risks and put their capital to work, which again compounds and makes the difference between a wealthy 35-yo and one that still lives paycheck to paycheck.
>>28544853>2006
>>28541351>FIFA 18 was still out and I was just getting out of hsLittle bros lurking here. Do not waste your chance. If it's babby's first paycheck, don't spend it on new vidya or some shitty replaceable shoe. Buy some low marketcap coin like LINK or GRT. Don't make the same mistakes.
>>28561419This is so retarded that it sounds smart.
>>28550746biz was made in 2014
>>28562144I hope anon is still laughing along with us
>>28541742So will this finally fix itself when the everything bubble crashes to the ground?
>>28549491>>28548560>I need to make 500k/yr to give my kids a good life and decent shot at a career so they can be civilized and also have kids of their own and then their kids have kids of their own and kids of their own and kids of their ownI want out of this progeny loop
>>28561918ok you that won. My grandparents had their own business, land, and rental property but was lost in court from in fighting between various family memebers as there was no will. I'm much more interested in how families like the waltons, ford, rockelleferrs were able to maintain the wealth accumulated throughout the generations. Do you have any ideas on how they were successful? I don't think a family office would be of to much of an importance when looking at wealthy familes internationally. I've been thinking of creating a will in the form of a series of if then else statements? Or creating a family corporation?
>>28545980Dude, you need to move, it sounds like either cali or a shit hole. In Aus you'd be chilling with that money, our food is better, health care is cheaper, education is cheaper and taxes suck but it's just fed, the state won't rape you.
>>28562146that my kids wouldn't want to go to Harvard? I know of 2 people personally(one MIT another Harvard) but didn't want to go and choose to party for instead.
>>28541930some people never believed Bitcoin would hit $1000 back in the day but here we are pushing $50k. never say never
>>28561683right, but that's not their fault (the kids).
>>28545980excellent bait, well done anon.
>>28561028sir don't give away the alpha
>>28544107When you hold an asset for years through extreme volatility and uncertainty it can't be attributed to luck, lmaoMost people who bought BTC below $100 sold before it reached $10k. Those who held all the way weren't lucky. They were extremely patient and took a major risk.
>>28556521kek
>>28545980nigger ive been living with 250$ per month
>>28545906>2% inflation will overtake your 8% returns per yearyou're pretty stupid huh boy?
>>28558592Recommend BTC.
>>28562577>Do you have any ideas on how they were successful?Yes, at least families like them that I know that have managed to preserve the wealth all still run on medieval setups where the oldest son (or sometimes just the one with a proper head) gets almost everything. He manages the family fortune, and the rest of the clan simply get allowances from the passive incomes streams under management. The more remote a family member, the smaller their share of the stream. Basically, you can keep partitioning the yield, but if you start splitting up the capital generating the yield it won't last more than a generation or two, unless you do it because you have in fact managed to raise several little financial prodigies and it's only right they get to make their own fortunes from their share of yours.
>>28548935Either you are larping, retarded or america really is a massive fucking shithole.
>>28545980This is your brain on 4chan
>>28545980you have to be seriously retarded to not be able to go on vacations or afford to live well with $400k per year. My parents made $175k combined and we lived quite comfortable, never had problems paying for college, cars, the home, etc. And this was not in a cheap area either. The reality is, you're either baiting or retarded with money. Either way, no one should take you seriously.
>>28552186I REMEBERERRRRRRRRR
>>28556704I think a lot of us view early retirement as being the same as financial independence. When you aren't worried about living paycheck to paycheck, you feel a lot more free than someone making 6 figures who could lose everything from a round of layoffs.
>>28545980>over 50>only on $400k>still wagingYou are unironically are ngmi fren.t. 36, retired from waging at 33 and live off passive income and two board fees.
>>28563332You won't have 8% returns, but say that you did. 2% inflation is for bananas and toothpaste. Take a look at house prices over the last 20 years. You'll still need some place to live. If you rent, rents climb with house prices. If you have already bought a house, property taxes increase with house prices. And the same goes for pretty much everything that isn't bananas and toothpaste. Inflation on your big expenses of housing, education, healthcare is rampant, and will absolutely end up overtaking your 8% per year. Remember, you're getting 8% per year on your original investment, let's say you use 2% of those to reinvest to keep up with inflation, well the inflation on non-bananas will be much bigger than 2% so your 6% spending money per year will only keep buying you the same amount of food every year, but it will buy you less housing, education and medicine every year that goes by. And here's something zoomers don't think about. Your medical expenses will only keep going up as you get older.
>>28563767When was this? 20 years ago?$175k then was more purchasing power than $400k now.
>>28564063I liked black ops as well.
>>28564380Have you considered moving to another state with your wife once the kids leave for college? I think you'll find you can make a buck last twice in states like Florida.
>>28564175I have friends that are billionaires. They never stopped working. I don't think I will either. Plus, what kind of example would that set for my kids? I haven't implied that I'll make it, rather the other way around if you read my posts. I have a humble aspiration to take my kids to Disney World.
>>28556477Take your nonexistent kids to a national park you fucking larping nigger
>>28564306your house becoming more valuable isn't a real problem because you can sell it for money. It's an asset.If you're retired, you don't need to pay for education because you'd have presumably paid for what your kids needed already. The 6-8% gains on your portfolio per year would be your spending money, the whole point of your portfolio providing returns is that you don't have to dip into the initial investment unless absolutely necessary. But 6% return on a 5 million dollar portfolio is $300k per year without even dipping into the initial. And there's very few places where a person with no kids who already has a house and cars can't live extremely comfortably on $300k per year. But hey, if you don't think $300k per year isn't enough to live on, please show us your budget breakdown and prove us wrong. Otherwise stfu, seethe, dilate, etc.
>>28564653Friends that are billionaires? Who taught you to LARP like this, boomer
>>28545980If not a larp, I'll give it to you anon, you've done well for yourself and you're fiscally responsible. My guess is you live in the Bay Area or around Boston. In those areas + inflation, sure 120k+ is a keeping up with the Jones' salary. However not all of us want to be city dwelling faggots and are willing to move abroad for a higher quality of life at a fraction of the cost. To think you can't have 3M portfolio, making 120K+ a year, and not being able to escape a pleb life is fucking retarded. Anyone with a room temp. IQ making decent gains will have considered this and DYOR enough where they know if they reach X amount, I can be able to retire and never work a day again. Stop trying to delude the youth's minds faggot!
>>28564380They retired 5 years ago. You're just retarded with money boomer.
>>28556275Bro, if your house is payed for and you live in a rural area 100k/yr is an excessive amount of dosh
>>28551195Lol bro your annual HSA contribution is gonna top out at $12k and unless you’re buying an Obama bronze plan there’s no way your annual out of pocket is gonna be above $20k. You’re so off base on the medical stuff that your entire story is likely bs
>>28564653>makes $400k per year>can't afford a vacation that costs maybe $10k at mostAbsolutely retarded. Post your budget breakdown or fuck off
HOW COME NO ONE HERE KNOWS JACK FUCK ABOUT PASSIVE INCOME??DO y'all think if you sell $1,000,000 of BTC you can live happily forever?Setting up passive income is the only way to be financially free.
>>28550144Took 5 years for BTC to go 100x while Rubic and countless other shit coins have done more in weeks.
this entire discussion about american money is incredibly sadjust leave your countryswallow your pride and enjoy your fucking life300k oncethat's all you need in europeyou buy one apartment in a good neighborhood, ideally 3 roomsthen you rent that out to some new money family who wants to live in the citythe rent from that apartment pays your apartment and all your live expenses for the rest of your life if you live in a medium popular area of the same cityreal estate money you get always is on perfect scale of life expenses so no inflation can hurt you everfrom here on you can work in the field you love because you never have to worry about making actual money with your job or just shitpost on the internet like I do.if you want more you get 600k totalif you want to be rich have 3 apartments in the wealthy neighborhood 2 for rent, one for you
>>28564571Yes I have, that's probably what I'll do. But until then, it's just a fact of life that COL runs up like a parabola. You can survive on $10 a week. You want roof over your head, suddenly it's $100 / week. You want a roof that doesn't leak, and food that doesn't stink, welcome to $1,000 / week. You want kids? $1,500 / week. You want your kids to go to a school where they aren't raped by teachers and bullies? $2,000 / week. You'd like to take a car to work? Your wife too? $2,200 / week. Saving for college? Expect tuitions over $50k / year at minimum, much higher if a good college, two kids, so that's about a $1M you'll need to save up right there over 15 years. Say you are really good at what you do and get consistent 30% yearly gains on your investments, that's doubling about every 3 years, so five doublings, so you'll need to start with some $25k seed - only you can't do 30% yearly (while keeping a job) so you'll need to set aside a lot more, so let's say another $1k per week for that, we're up to about $3,200 per week, and now to top it off you want to live in a good school district, which means mortgage on a $1M house, so say another $1k per week, so $4,200 per week. going from homeless beggar to American middle class is expensive.
>>28564653I’m mainly just busting balls.>example for kidsI drop and pick up my kids from school everyday day. I work every sports carnival. I coach their sports teams and on weekends we go to my farm where I teach the horticulture and animal husbandry. t. Pic related my view right now.
>>28564748I have. I don't consider that a "vacation".
>>28565700Bro are you high?Cost of living in Europe is vastly higher than the usa.I've been to europe, shits expensive all over
>>28564979>your house becoming more valuable isn't a real problem because you can sell it for money. It's an asset.It's a problem if you need to live somewhere and you have to pay taxes on it that you can't afford. But sure, you can keep downsizing every few years. That's why I said that it would eventually end up paying rent for a small apartment.>If you're retired, you don't need to pay for education because you'd have presumably paid for what your kids needed already.Yes, this was meant for the zoomers on this site who think they can retire before raising a family on the money they could survive on after raising a family.> The 6-8% gains on your portfolio per year would be your spending money, the whole point of your portfolio providing returns is that you don't have to dip into the initial investment unless absolutely necessary. But 6% return on a 5 million dollar portfolio is $300k per year without even dipping into the initial.I know, I suggested "dipping" into the returns and reinvest 2% of them to let your remaining 6% be on an increasing amount of capital so it could keep up with inflation. Again, problem is you're only keeping up with inflation on bananas. > And there's very few places where a person with no kids who already has a house and cars can't live extremely comfortably on $300k per year.> no kidsThat's the point right there. If you don't want kids, you can actually go to some shithole country and live like a king.
>>28545980>My current salary is about $400k per year.>It's not enough for vacations>$120k per year just barely covers food bills and rent on a small apartmentholy shit this has to be bait
>>28565075Yes, what I said applies to America. You can get by with less even in comfy countries in Europe. But life in Europe is basically about trying to make it enough that you can move to America. Tops of their fields make 10x the salary here.
>>28565818yes but free education and free healthcare in a place thats been the birthplace of the western world. Also crypto friendly in certain countries
>>28545980
>>28565818you were a touristwe fuck over tourists to surviveif you actually live here you figure out that everything is priced x2 or higher for touristsIn a month I pay 150€ for food50€ for my phone and internet16.5€ for cable fees which I don't even use60€ for public transportmy rent would be 600€ if I didnt also own my apartment, so now its 200€ for the electricity and water bill insteadI don't have to pay back my any school debt because my education was freeI have no other monthly mandatory costsI get roughly 2000€ post taxes a month from the other apartment I own the money that is left over I used to burn in clubs for drugsnow that this is impossible I got a bad habit for luxury clothing and now I'm switching over to gambling on cryptosometimes I do art projects if I want to feel like I am a working man againthe gist here isyou people seem to actually believe you won't be able to rest your feet if you are not multi millionairesif I made a whole million I'd probably be depressed again because I wouldn't know what to do with all that money
>>28565330Yup you are correct that's about the level we're currently at. I don't know if you have detected a theme of thinking ahead in my posts? Take a look at the graph of healthcare costs in this country, and realize that the expensive stuff happens when you're old - or suddenly, without warning when you or a loved one has a big accident or discover their Huntington's. But mostly, yearly costs in this phase of life are not too bad. But if you plan on being able to afford treating that recurring cancer when you're 65, you'd better have some set aside. And do you honestly think the system will be any less like this in 20 years? The reality, easily confirmed by looking at Europe, is that socialized medicine cannot afford treating the very old and sick. In fact, society can't. It's always going to be the case that being old and not in constant pain will be an expensive affair, mostly out of pocket, so if you want to see your grandkids grow up and enjoy it you'd better plan ahead.
>>28566133>But sure, you can keep downsizing every few yearsIf you sell your house for a profit it'll be more than the increase in property taxes. No downsizing.> If you don't want kids, you can actually go to some shithole country and live like a king.Retard, if you're retired and living on $300k returns per year on your portfolio and already raised your kids, you do not have to pay for children anymore. Post your budget breakdown in which $300k is insufficient.
>>28545980>28545980>>28545980change country, in italy with 40k a year you are living comfortably. with 400k a year you would be around with lambos now. And we are talking about europe, not africa (not offence to africans). + free education and really cheap sanitary system
>>28545980that is the whitest post I've read all week and I love it