/biz/ - Business & Finance

[Anonymous No.3413847]

>ITT: post your net worth and yfw

$11.36

[Anonymous No.3413854]

>>3413847
$11.37

[Anonymous No.3413872]

$101 CAD

[Anonymous No.3413881]

>>3413854
1227¥

[Anonymous No.3413899]

>113630000 vietnamese dong

[Anonymous No.3413913]

>>3413899
>dong

[Anonymous No.3413917]

something like 20k, all in crypto.

[Anonymous No.3413919]

>>3413847
420k AUD
32 y/o

[cryptocat !!60RF7p3/Emf No.3413922]

$900,000

[Anonymous No.3413931]

>>3413847
80k

[Anonymous No.3413952]

>>3413847
$5500ish aud. All in crypto

[Anonymous No.3414010]

>like 25k

[Anonymous No.3414013]

Why do i get so mad and jealous when people have more money than me?

[Anonymous No.3414021]

$359

[Anonymous No.3414023]

$68,426,234 HSBC
$14,013,000 BTC
$3,180,000 KMD

[Anonymous No.3414031]

>>3413847
>30k in crypto
>30k in debt

[Anonymous No.3414045]

$55k

[Anonymous No.3414093]

>>3414010
I added it all up, including all my unliquid 'assests' like including my car, phone, computer, all my belongings and it comes to:
$10,200

I'm a college student living with my parents, don't know how that factors in

[Anonymous No.3414105]

>>3414093
I did not mean to reply

[Anonymous No.3414117]

>>3413847
$150k AUD

[Anonymous No.3414119]

About three fiddy

[Anonymous No.3414156]

20,000 Cambodian riel

[Anonymous No.3414184]

$220 k.

[Anonymous No.3414222]

$800

[Anonymous No.3414278]

1,800$ some in crypto

[Anonymous No.3414313]

$3k rough estimate, 3/4th of it in crypto

[Anonymous No.3414325]

$600

I was really close to reaching $6000+ since I was eyeing omisego when it was sub $1 and the ZRX ICO but I decided against buying either of those

[Anonymous No.3414336]

~$40,000 in crypto
~$10,000 not in crypto

[Anonymous No.3414356]

$87k in crypto
$65k in fiat
$605k in stocks

[Anonymous No.3414367]

50k
2k in crypto

[Anonymous No.3414752]

>>3413847
$700 cash
$1000 savings
$0 crypto

[Anonymous No.3414784]

45k in 401k
14 checking
Just fell under 60k crypto

25

[Anonymous No.3414785]

$150 crpto
$300 bank acc
$50 wallet
$10 desk

[Anonymous No.3415050]

>>3413847
$1022

[Anonymous No.3415091]

>>3413847
>shorted a low with all my monies
-789 euro shekels

[Anonymous No.3415092]

-15k student loan
-2k overdraft
3.5k in crypto
100 in fiat

[Anonymous No.3415095]

tree fiddy

[Anonymous No.3415117]

1500 bank
-9000 student loan
-2000 overdraft
-13k high interest loan

Going all in next week. Going to Lamboland or 6 feet under. Pray to the moongods for me /biz/bros.

[Anonymous No.3415122]

>>3413847

$223,000

Suck it poorfags

[Anonymous No.3415155]

-£100,000 (dont payday loan to buy bitcoin kids)
£1,000 in btc
~£10 in bank
i am hoping when the debt collectors come they wont know about the btc

[Anonymous No.3415176]

>>3415122

$223,001

Git outta my sight u broke bitch

[Anonymous No.3415181]

>>3415155
so you pay day loaned to get BTC, yet you only have about 1k BTC, tell us how you fucked up this badly.

[Anonymous No.3415183]

>>3413847
317.35(MXN)

[Anonymous No.3415200]

>>3415181
i never invested before brought then panic sold the first dip and brought high and sold low cause you know its not going to stop going up

[Anonymous No.3415210]

>>3415181
also the payday loan wasnt that much it was just 1000% apr so when i couldnt pay it off it just went to the moon

[Anonymous No.3415239]

>$110,000

80,000 fiat
40,000 stocks
-10,000 student debt

[Anonymous No.3415280]

>>3415239
pay off your debts you moron the interest is just going to mean you are paying allot in the long run also if you lose out you will be stuck with a growing debt you cant pay

[Anonymous No.3415295]

>>3415280
its a 0% interest student loan, already paid off the loans with interest

[Anonymous No.3415302]

>>3414356
hodl on to your fiat bub

[Anonymous No.3415310]

>>3415295
fair play wish all my loans had 0%

[Anonymous No.3415323]

>>3415155
woof
declare bankruptcy mate

[Anonymous No.3415327]

>>3414752
Lmao even I've got $20 crypto

[Anonymous No.3415343]

>>3415323
thats the plan got no assets as i am a neet so i should be safe

[Anonymous No.3415380]

$40,000 savings
$3k in crypto 0 by Monday

[Anonymous No.3415382]

>>3415343
sorry you got fucked by predatory usury, anon
shit should be illegal

[Anonymous No.3415392]

2k
800 in crypto

[Anonymous No.3415417]

>>3414031
>not immediately paying off your debts at the first possible instance
are you fucking retarded?

[Anonymous No.3415424]

>>3415327
Just $20?

Damn bro you are gonna make it

[Anonymous No.3415444]

>>3415382
I just can't believe it's literally portrayed as one o the most evil practices in The Bible and has been an issue for thousands of years and nobody gives a fuck

[Anonymous No.3415467]

>>3415444
In my opinion
interest = usury

[Anonymous No.3415470]

>>3415444
This might interest you

http://jewishencyclopedia.com/articles/14615-usury

tl;dr People do give a fuck

[Anonymous No.3415480]

$4800

[Anonymous No.3415484]

>>3415417
Mathematically right now returns in crypto > interest rates on loans.

[Anonymous No.3415501]

Probably around £1000. That said I'm still a student(PhD) so I'm not to bothered about it now. Ill probably get a good job once I graduate and rapidly gain more wealth as I'm a cheap bastard. My current strategy is to invest roughly £50 a month in really high risk investments, being crypto right now, then move in to index funds in a year or so.
What is the comfiest strategy for building net wealth guys?

[Anonymous No.3415510]

>Saved up 50k over 5 years from working a shit job.
>start trading shitcoins
>now down to 10k

[Anonymous No.3415512]

>>3415501
money in > money out

[Anonymous No.3415533]

Up by 20k today from shorting, xie xie weak handed Chinaman!

[Anonymous No.3415535]

>>3415501
I'm doing the opposite. Low risk then building up to high risk. Saved 80,000 in fiat, now pumping all my savings towards stocks. Might do crypto once I get couple hundred k in stocks, assuming crypto even exists then.

[Anonymous No.3415544]

>>3415512
Genius who'da thunk it!
I'm talking about maximizing the money in part of the equation and minimizing the money out bit. Or does /biz/ only talk about crypto ?

[Anonymous No.3415558]

>>3415535
Whats your reasoning behind this strategy? My though process was I dont really need the money when I'm young and healthy so i can afford to gamble. When I'm an old guy ill need to have more security in my finances to afford healthcare etc?

[Anonymous No.3415585]

>23yo
>$160k

Still feels like not enough :(

[Anonymous No.3415597]

>>3415585

Fuck you

[Anonymous No.3415601]

>>3415558
Well, I'm a risk-adverse guy, so there's part of it there. I started off with the goal of having 6 months expenses in cash so I could afford to live without worry if I got laid off. Then I got worried about an upcoming stock crash so I saved even more fiat, with the reasoning that if stocks crashed, I'd get laid off too and the financial ruin would be too much. Now I feel comfy with my cash reserves. I feel that even if the stock market crashed and my company went under, I'd be fine so I'm going balls deep on stock.

I saw my parents lose a lot of wrath in the crash after 2001, my dad struggled to find a new job and we had to sell a lot of stock at low prices to make ends meet. That experience made influenced me.

[Anonymous No.3415605]

>>3414013
because you're a virgin

[Anonymous No.3415612]

$80k. Half of it in crypto. Wasn't really on purpose, I'm not that much of a gambler. It used to be a small fraction, but the last couple upswings raised it to half of my holdings. I keep alternating between feeling like I should sell some of it off to rebalance it, or being ashamed that I didn't grow my crypto holdings even more before while it was cheap and wanting to massively increase them. Currently leaning towards the latter and trickling more money into crypto. Dollar cost averaging ftw.

[Anonymous No.3415643]

>>3415544
When you're asking trivial questions you should expect trivial answers.

>maximizing the in
Get a high paying job, or two, or start a good business, or blow off some rich guy. There are millions of ways, find one that works for you.

>minimizing the money out
Don't spend it in shit you don't need. Learn to cook, learn to fix shit, don't spend money in porn, don't gamble, use your feet or a bicycle whenever possible, don't buy clothes too pricy or too cheap, find cheap rent, etc etc.

Do not trade forex.

Adding to >>3415601, build up a cash reserve of AT LEAST 6 months of living expenses before investing in anything.

And as a personal note that might piss off /biz/, don't have more that 10% of your assets in crypto.

[Anonymous No.3415664]

>>3415535
Wouldn't a spread be optimal? Like put 1%-2% of your wealth into crypto. If it skyrockets, you win. Otherwise it doesn't particularly impact your mainstay capital growth

[Anonymous No.3415666]

>€2154

[Anonymous No.3415682]

>>3415664
I honestly dont see value in crypto desu.

[Anonymous No.3415685]

Roughly $10 000 000

I'm a trust fund kid and I inherited a lot of money and real estate from my grandparents and aunt

[Anonymous No.3415730]

>>3415643
You are right should have been more specific about my question. Was more curious about each persons individual strategy, but I appreciate the response.

My strat for increasing money in currently is: teaching guitar ( no time for a real job during this PhD), buy cheap shit on gumtree/ craigslist and ebay it for profit (made a bunch o money thus far this year). Considering making a youtube channel reviewing musical equipment type stuff and hopefully make a pittance doing that.

Minimising costs: I brew all my beer/ wine, slow cook cheap meat into tasty meals, no netflix etc, no games, all hobbies are either free or extremely cheap now.

Areas where I think I can improve is move to a cheaper part of town and disregard women.

[Anonymous No.3415812]

Around 450k USD

[Anonymous No.3415857]

>>3415730
It seems like you know what you're doing.

>Areas where I think I can improve is move to a cheaper part of town and disregard women.
Keep in mind that there's more to life than maximizing wealth. Living alone in a shack doesn't work for most people.

But I'm replying mostly because I remembered something else that many people do and from the financial point of view is fucking retarded: smoking.
Don't smoke. I know people that spend 20% of they're after tax income in cigarettes.

[Anonymous No.3415865]

>>3415857
their*

[Anonymous No.3415912]

>>3415857
>Don't smoke
I know some chain smokers spending 50% of their income on cigarettes.
I switched to vaping last year, bought bulk liquid ingredients from chemical suppliers and use rebuildable coils.
Spent $800 all up and have probably 10 years worth, when smoking was spending $2.5k a year and prices have gone up a lot since.

[Anonymous No.3416010]

£2500 in silver & gold (bullion, silverware, jewellery, coins)

£50 in crypto
£60 in stocks

[Anonymous No.3416056]

~$400,000 in my mortgage-free house + contents
$2000 in cash
$7000 in crypto, with margin positions currently at about -$200 (derp)
$1500 in stocks

[Anonymous No.3416120]

>>3416056
what stocks you got boy

[Anonymous No.3416268]

-$500 in overdraft
-around $7 in my wallet

[Anonymous No.3416318]

$35k
I mean $31k
I mean $26k
I mean...

[Anonymous No.3416368]

>>3416056

Filthy reddit cuck please leave

[Anonymous No.3416440]

>>3416120
All in transport companies

>>3416368
wat

[Anonymous No.3416466]

>>3413922
holy shit its crypto cat! where you been?

[Anonymous No.3416712]

- £2450 bank of Mum and Dad
£150 in bank account
£100 ethereum
£2000 car
£20 or so savings (just started jej)

[Anonymous No.3416731]

>>3413919
Damn.. how did you make so much?

[Anonymous !cryptob5d2 No.3416735]

>>3413847
One dollar

[Anonymous No.3416779]

~฿3000

[Anonymous No.3416789]

>>3415417
>immediately paying off low interest debt at the first possible instance
are you fucking retarded?

[Anonymous No.3416806]

$18.30
according to blockfolio

[Anonymous No.3416826]

>>3413847
A load of dollaridos

[Anonymous No.3416831]

36€

[Anonymous No.3417080]

>>3414023
bullshit.

[Anonymous No.3417101]

>>3413847
£92.27

[Anonymous No.3417136]

>>3415685
lucky bastard

[Anonymous No.3417368]

>>3414184
lolifag has more money than me

[Anonymous No.3417428]

Something like -40k when student and car loan are factored in. I just started working a few months ago so I haven't had any time to save. Make upper 5 figures

[Anonymous No.3417755]

$600 from $400 investment. millionaire soon

[Anonymous No.3417774]

>>3416318
Underrated post.

[Anonymous No.3418001]

>>3415417
No? Using all the cash I own to instantly pay off debt would be retarded. It would be the equivalent of investing everything I own into an asset that is guaranteed to return like 4% for one year. Except then I would be completely broke after. It's infinitely smarter to pay off the debt gradually but keep the money invested in crypto where I'm likely to make much more than 4%. You're a brainlet, how could you even unironically suggest that?

[Anonymous No.3418004]

>>3413847

3,961,196,122 RUPIAH

[Anonymous No.3418127]

>>3415857
>>3415912
Yeah, don't smoke.

Use snus instead.

So much cheaper and healthier. Same great buzz.

[Anonymous No.3418195]

>>3414031

So, essentially 0?

[Anonymous No.3418250]

>>3418195
The net is 0 yes but there's an actual (small) chance I will become a millionaire off crypto alone in the next 1-2 years. I wouldn't have that chance if I paid off my debts.

[Anonymous No.3418309]

8 usd