/biz/ - Business & Finance

[Anonymous No.49454927]

>Make $200k/yr in silicon valley
>Half of that goes to taxes
>Half of the remainder goes to rent and other expenses
>Can only save $50k a year
>Need to wage for 60 years to reach the minimum net worth to retire ($3 million) without accounting for inflation
It's over.

[Anonymous No.49455031]

You just need to buy ETH with$50k. That itself will be worth$3M in 10 years

[Anonymous No.49455046]

>>49454927
Similar, but:

1. Make 450k on W2 and 100k on c2c. 3 "W2" Roles.
2. about 14% goes to taxes through creative llc loopholes, business establishments, 401k and such. You can also deduct startupcosts from an llc yearly, so filing $500 for a new llc yearly and applying for a fein and such means you can deduct 50,000$. learn basic finance.

I save 200k a yr, and have other legitimate expenses, I wish I could spend it but I can't.

[Anonymous No.49455731]

>>49454927
50K with a simple CD account can be $83,544.38 in 20 years. If you can contribute monthly or annually with your level of savings you can make it.

[Anonymous No.49455835]

>>49454927
Also why would you need 60 years of savings in retirement age? Just buy a house somewhere cheap with cash and save enough for food and property tax.

[Anonymous No.49455885]

>>49455835
this is the dream. I already want to leave Texas sadly and go to Tennessee. Half or even less the property taxes where I am which amounts to $6k a year or so

[Anonymous No.49455943]

>>49455885
If the credit system still exist at that point 6K should be less than 10% of your utilization hopefully. Just make payments and let the debt die with you ha.

[Anonymous No.49456152]

>can only save well above the average person's salary annually

Damn. How will you survive?

[Anonymous No.49456188]

>>49454927
Working silicon valley
Posting on 4chan
Choose one fucking retard.

[Anonymous No.49456190]

>>49454927
how tf does someone spend 50k per year on rent and other expenses? nice larp