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50387578 No.50387578 [Reply] [Original]

>only $113,000 in cash, $12,500 in a mutual fund, and a measly $2,300 in crypto

>> No.50387758

>>50387578
Isn't 113,000 good?

>> No.50387768

>>50387758
Everyone who browses this board are millionaires by their early 20s apparently

>> No.50387779

>>50387578
shut the fuck up lmao

>> No.50387961

>22 yo
>networth at peak of bullrun: $8 million
>current networth: $2.5 million
bros, pls halp. Should I an hero? Am I too old to make it?

>> No.50388124

>>50387578
Im actually turning 26 this year and I thought I was done making mistakes in life. I still make them and by the time I turn 26 Im truly going to try to never fuck up based off my own negligence

>> No.50388711

>>50387768
says who? and how

>> No.50388718

>>50387961
how, what do you do? help me bro, what coins next?

>> No.50388753
File: 14 KB, 250x248, lau.jpg [View same] [iqdb] [saucenao] [google]
50388753

>>50387578
>$113,000 in cash
>near double digit inflation

>> No.50388776

>>50387961
Dude you're only 22... Anything bellow 35 is young.

>> No.50388825
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50388825

>>50387768

>> No.50388934

>>50387758
yes, these are just dumb bot demoralization threads

>> No.50388940

>>50387768
>he fell for the biz memes

if people are millionaires they wouldnt be larping as one

>> No.50388988 [DELETED] 
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50388988

>13 years old
>8.6m net worth
im ngmi...

>> No.50389347

>>50387578
kill yourself before you hit 27 op because these threads are annoying as fuck

>> No.50389387

>>50387578
>26
>10k
>no gf
>friends hardly talk to me anymore
>feel like I'm getting old all games are filled with 12 year olds

>> No.50389418

>>50387578
> 32
> GF is probably cheating
> 21k aud crypto
> NGMI

>> No.50389453

>>50388988
Enjoy your ban

>> No.50389827

>>50388753

>>50388753
>>>50387578 (OP)
>>$113,000 in cash
>>near double digit inflation

> $12,500 in a mutual fund,
>stocks down 30%
>$2,300 in crypto
>Crypto down 90%

Why pick on cash, it performed the best

>> No.50389871

>tfw will never retire before 30

I was so close bros...

>> No.50389875

>>50387578
You are pretty lucky anon. Determine how much you need to live on for a few months and put the rest into a retirement account with total market funds and then into crypto (bitcoin+1 to 3 alts). You're literally set up to be a millionaire after the next bull run.

>> No.50389887
File: 2.04 MB, 640x800, biz.webm [View same] [iqdb] [saucenao] [google]
50389887

>>50387578
Are demoralisation threads good for you?

>> No.50389954

>>50387578
>25
>£78k in index funds
>£15k in bonds
>£5k emergency fund
Hold me bong bros.

>> No.50389962

>>50387768
you realize everyone here is a roleplayer and there are no billionaires right? you think a billionaire wastes time on biz? the average biztard has 4 figures in his bank account or something

>> No.50389974

>>50389954
15k in bonds should have never happened to begin with.
Do your own research and put invest 1-2k into crypto.
Those bonds better be short term too
everything else is ok

>> No.50389991

>>50389827
This year is very unusual. On average cash loses 4% a year and stocks gain 9% a year. Crypto I would never advocate because clearly seems like a Ponzi scheme but still obviously has gone from nothing to a lot in ten years also. Holding cash is retarded. Jerome Powell and government has literally said they will choose pumping stocks over keeping inflation down. Holding cash is just retarded in the longrun. Stocks AT least track inflation+ dividends. Of course stick to profitable value stocks and not high growth tech

>> No.50389997

>>50387578
Yeah it's crazy how are 28 I have 1.2M but my peers can't even afford to go down to Tijuana for a donkey show lmao

>> No.50390172

>>50388753
Yeah and what would you do right now? Puttibg money ANYWHERE IS LOSING MORE THAN THE INFLATION RATE DUMB ASS YOU DUMB ASS DUMB DUMB DUMB BUTTHEAD

>> No.50390207

>>50387578
>32
>$24k nw
>>50390172
Buy gold, silver, guns, ammo, food, property, tools, farm equipment, seeds, etc.

>> No.50390246

>>50389974
bonds are fucking short-term to me.
>investing in lands, foods and crypto atm.
speaking of crypto, 1-2k is enough to slurp the fuck outta some tokens on my watchlist like PAXG, AxlToken and VRA. Taken a break on btc DCAs.
>looking at agriculture, seems Calgary is a good place, move to country side to actualize such especially animal farming, great beef there by the way.

>> No.50390271

>>50387578
>$113,000 in cash
Braindead iToddler.

>> No.50390272
File: 56 KB, 450x437, 6 figure heaven.jpg [View same] [iqdb] [saucenao] [google]
50390272

>>50387578
>6 figure heaven
>meanwhile I am back in 5 figure hell
Don't talk to me or my 4 figure hell bros ever again.

>> No.50390385

>>50387578
>holding fiat
yikes
you should hold only as much as you need for groceries and bills

>> No.50390558

>>50387578
>only 10,000,000,000,000 in cash
>125,000,244,000 in a mutual fund
>measly 1,000,000 in crypto

help me zimbabwe bros im ngmi

>> No.50390586

>>50389954
why so much in index funds? whats the point? whats the end goal with that? keep adding to it forever until your 10% gain per year is enough to live off and pray that 10% gain continues indefinitely without any real recession?

>> No.50390613

>>50387578
Shut the fuck up

>> No.50390694

>>50390613
>falling for a low effort troll

>> No.50390747

>>50387578
>24 yo
>$1k in Chequings
>$5k in Savings
>$61.5k in TFSA
>$580k in non-registered brokerage account
>$350k paid off house
Gotta love not going to University

>> No.50390926
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50390926

>>50387578
>$2,300 in crypto
10x that into XMR

>> No.50390994

>>50388934
these are not bot threads, most of us still here from 2016 just come here for the memes or are trying to break out of 7 figure hell

>> No.50391124

>>50390172
not my zestimate

>> No.50392851

>>50388711
ngmi If you can't even sense sarcasm

>> No.50393220

>>50387758
No it’s unironically over for him

>> No.50393747

>>50387758
that is one year of a decent salary or two after expenses if you are trying to save it's fucking nothing
people who think $100k is some life changing sum of money are just poorfags who don't have jobs
yeah if you are some street shitting poo working as a taco bell janitor i'm sure it would be life changing since you could stop renting but for those of us who are human beings it makes no difference

>> No.50393762

>>50388718
>>50388711
lmao look at the state of this pajeet
>pls help me sirs I am want to be millionaires also

>> No.50393766

>>50393747
for those people $100k is a life changing amount of money, retard. like how $1000 would be a life changing amount of money for some poor african. the chances that they actually use it wisely enough that it changes their life in the long term is low, but the potential is there.

>> No.50393786

>>50393766
those """people""" are irrelevant and don't belong here

>> No.50393823

>>50393786
kys nigger, I was one of those people before crypto.

>> No.50393863

>>50393823
the best advice to someone in that position is get a fucking job
that is get a real job
fuck just do a few it certs and you can land a $60k salary then jobhop easily

>> No.50393925

>>50393863
100k at 26 is impressive because most people at that age are still in the early stages of their careers. After student loans, bills, and other expenses, the average 26 year old is probably just scraping by.
>inb4 inflated tech salary
Haha yes, EVERYONE should get into tech. Surely it will have no consequences on the average salary, right?

>> No.50393980

>>50387578
Why not just put a down payment on 3 duplexes? Rent income?

>> No.50393982
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50393982

>13 years old
>$27M in cash
>$10k in mutual fund
>$3k in crypto
I guess I just kms

>> No.50394008

>>50393925
tech filters normies they can't even set up a router
IT is not the same as webdev there will always be IT positions and probably more as real tech literacy decreases
moreover tech is going to take over everything whether you like it or not
automation will eventually come; administrative systems still haven't fully digitized; logistics is still not widely automated; tech is going to keep growing
even if shit like tesla is a retarded bubble that is a different matter

going into and getting good at IT is as secure a career as being a plumber

>> No.50394165

>>50394008
IT will grow until we're all out of jobs because everything is automated

>> No.50394321

>>50394165
lots of things are impossible to automate
you could never automate plumbing or electrical work because it's so context dependent
you can deskill it with newer techniques eg the progression of welding but it will always be there and be a career

but in other context that is no different to tailors being replaced by textile mills
and the luddites will protest but as long as people want cheaper shit that is how it will go
the careers will change from manually cropping a rug to just clicking buttons on a machine
still a shitty job but the better job is the guy who manages the computers the monkeys use

>> No.50394336

>>50393863
lolol nobody is hiring for "a few IT certs". $100k to a poorfag is the difference between continual wageslaving just to stay afloat and being able to go to school or work a lower paying apprenticeship for 2-4 years. you're the worst sort of richfag, anon. most poorfags are poor because they're lazy, but never getting a break makes people that way. most richfags aren't hyper-motivated ubermensch who pulled themselves up from nothing, almost all of us with 7fig net worth got a break at some point that motivated us to keep building on it.

>> No.50394503

>>50394336
you can get a job with CCNA and nothing else i transitioned to IT because of how easy it is and how much simpler progression is than engineering
get some basic certs and apply to entry level jobs everywhere: be willing to move houses
milk your job for training then jobhop
you need some initial money for exams