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

/biz/ - Business & Finance

View post   
File: 48 KB, 960x720, AE42CFCD-498D-4E79-8DF3-1FCEF1171104.jpg [View same] [iqdb] [saucenao] [google]
30377752 No.30377752 [Reply] [Original]

Is it true that the majority of people who hit it big eventually squander most of their money away? My parents keep telling me to get out of crypto and into bonds for this reason.
t. turned $60k of my parents money into $2 million

>> No.30377826

$2 million is nothing, so it adds nothing to your credibility sorry OP

>> No.30377875

>>30377752
can you tell me where to start? I dont care to wait awhile and wageslave a bit longer? Lets say im starting with 20k. Can I turn that into 1m in 10 to 15 years, safely?

>> No.30377940

>>30377752
damn if I had started with 60k id have 10mill by now

>> No.30378100

>>30377826
>2 million is nothing
tfw I am stuck at 100k. Why live ?

>> No.30378251

>My parents told me to stop making money because if I make money I might spend money
????????????????????????????????
Fucking dipshit boomers

>> No.30378266
File: 54 KB, 708x708, 1614493570196.jpg [View same] [iqdb] [saucenao] [google]
30378266

>>30377752
do you feel accomplished? If i borrowed money from my parents and invested it I would kind of feel like a loser. do your parents keep the 2 mil and you get a percentage? or are you just keeping THEIR money for yourself?

>> No.30378422

>>30378266
>If i borrowed money from my parents and invested it I would kind of feel like a loser.
All of the (((people))) who taught you to think this way skate through life on nepotism while talking every other tribe out of even trying to compete.

>> No.30379360

>>30377752
yes

https://www.theguardian.com/society/2002/jan/09/lottery.uknews

>> No.30379581

>>30377752
> Is it true that the majority of people who hit it big eventually squander most of their money away?
If you're retarded and don't understand proper risk management/ diversification (sounds like you), then yes.
A lot of people who didn't get rich because of intelligence (e.g. sports stars, rappers, actors, lottery winners, people who stubled upon a shitcoin that mooned 3 years ago etc.) don't know how to manage their wealth.

It's pretty retarded to still be all in if you've made that much money. But you shouldn't put it all into bonds lmao. Bonds literally have negative yields after adjusting for inflation.

>> No.30379621
File: 37 KB, 600x600, 1612733118944.jpg [View same] [iqdb] [saucenao] [google]
30379621

>>30378422
anybody who breezes through life without doing jack shit because mommy and daddy had good jobs will alway be a kike no matter the size of their nose. no different from niggers getting welfare. you do mental gymnastics all day to trick yourself into believing you deserve it because you're just soooo special. i bet 2 mil fixed all the other issues you most likely have in life, didnt it? HAH! you suck and you know it, even if you made 1 trillion you still didn't do jack to get the 60 grand. oh hell maybe your parents didn't do jack either and that's why they raised another Supreme gentleman. you were fucked from birth probably.

>> No.30379763

>>30377826
t. coping poorfag or normie consoomer

$2MM is a ton of money if you don't constantly need to consoom to be happy. I reached my financial goal last year and more or less bought/ did all the things I wanted to do. I think I spent $50k. With $2MM post tax that's a withdrawal rate of 2.5%.

>> No.30379770

>>30379621
There's practically nothing a person can do to earn that much money legitimately

>> No.30379920
File: 350 KB, 368x450, 1612281442066.gif [View same] [iqdb] [saucenao] [google]
30379920

>>30379770
yep, 60k never been done before. I bet you peaked in gradeschool. a bunch of dumb fucks are in this thread get the mother fucking zykolon b.

>> No.30379998

>>30379621
Absolutely seething hahahaha

>> No.30380252

>>30379920
He's talking about making $2MM+. It's true that it's near impossible to make that much money "legitimately" early in life unless you start a very succesful business or you're some kind of influencer/ celebrity (and most of us aren't "normal" enough to be that).

You have to think outside the box or luck out on some investment to make it from scratch in your 20s.

>> No.30380292

>>30377752
>don't make money because you'll spend it on stupid shit

What kind of retard logic is this?

>> No.30380638

>>30377752
You shouldnt be bragging about your parents money, if you make threads about it i can only imagine what you've said to your local niggerfriends. Lots of people would try to befriend you and rob your parents money because of you.