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/biz/ - Business & Finance

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28949370 No.28949370 [Reply] [Original]

ahem...
A little clarification for those who are already excited to the prospect of never working again.

Let's say making it is reaching 2 millions...
So first of all, if you didn't actually cash out (or invest if you don't like fiat) your gains you didn't make it yet. To some it might be obvious, but i am under the impression that a lot of people here are very excited about their future fortune but did not cash out a single penny yet...Not sure it will turn out as they expect.

Secondly, many here are ex poor or neets, and they believe crypto is the only money opportunity that is currently available to their generation, that it's crazy and unique etc.... Sorry but it seems to me you don't know much about the outside world.... Back before internet and supermarkets, until 1990 i have met people who made a monthly income in a single day by simply selling clothes on open market.... No degree, small investments...I'm not even talking about smart investors, penny stocks,etc.... All these people actually made millions or could have but they spent all of their money in stupid ways, got divorced, and now are ugly and barely in the average income. So even if you actually make it, you still have to not fuck up afterwards. Believe it or not, but seeing all these threads about escorts and shit i'm pretty confident a lot of those who will make it are going to get burned somehow stupidly in the coming decade.

yes i know, most of you don't need my advices but i feel like a lot of people here are heading for the traps i mentionned.

GL

>> No.28949577

lmao the people you mention who are fucked up are so because they are fuck ups who don't spend wisely
First damn thing I'm doing when I make it is buy as many apartments/ rent houses as I can

fuck you nigger

>> No.28950380

Op is a nocoiner

>> No.28951113
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28951113

>>28949370
no 2 mil will never be enough just think about it, you need to live like a neet or the next 50 years almost 100% THEN if you had 10 mil in your bank account that would be still $550 a month to spend which is absolutely doggoshit. someone check my math im fucked up on a mushroom atm, shit is gold af (better then any weed in the world)

>> No.28951188

>>28950380
This.
He reeks of seething boomer.
Schiff is that you?

>> No.28951228

>>28949577
Have fun with tenants who refuse to pay that you can’t evict.

>> No.28951564

>>28951113
You invest it for 7% return per year, put 2% back in to fight inflation and live off the rest. 5 percent of 1,000,000 is a yearly salary of 50,000 which is plenty.

>> No.28951625

>>28949370
1. I don't plan on living that long.
2. When I make it, I'll blow it all to escorts until I get AIDS+HIV+STDs+etc disease and kill myself. My only goal in life is not to die virgin and I want my first to be an 18 year old girl, which I don't care if she's a virgin or not. So go fuck with your ass elsewhere.

>> No.28951780

>>28951113
No you stupid fuck, get more than 2 mil, invest in passive incomes that will net you more than 550 a month. You'll never have to worry about money even if you're a junkie 24/7 until you're 98 yo.

>> No.28952016

>>28949370
>these threads about escorts and shit
Average poster here had never had sex, so it's the final frontier in terms of novel experiences that can be paid for

>> No.28952380

>>28949370
I'm actually wondering how I should go about estate planning. I want to begin passing down intergenerational wealth.
>>28951564
Yes, but in twenty years - 50k will be a wagecuck salary.

>> No.28952390

>>28951228
HAHAHA not the case in my state! I live in literally the most landlord friendly state!

fuck you nigger!

>> No.28952502
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28952502

>>28949577
>make it
>spend all your money so you have a job where you deal with shitty tenants

>> No.28952598

>>28952502
what will you do when you make it?
also hire what if I hire a property manager? h

>> No.28953012
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28953012

>>28952598
>also hire what if I hire a property manager?
True, I was thinking small time. If you actually plan to buy enough property that it requires founding a real estate management company, that's pretty based.

I actually don't know what I want to do yet. I'll probably redistribute my capital to diversity my assets so that my wealth can weather any apocalypse. I'd probably concentrate on inventing/investing in technologies which cause more poor people to lose their jobs.