/biz/ - Business & Finance

[Anonymous No.51047866]

Have any of you actually escaped from poverty? How? I want to hear you crypto success stories but also other ways people have done it.

[Anonymous No.51047921]

>>51047866
Dogbat almost helped me. I could have cashed out and bought a home in full. I'm still optimistic about it during the next bullrun. It performed well given how shit btc was during dogbat's run. Liquidity is good. Doubled my stack. Might be able to double it again. My biggest mistake was expecting btc to not be trash aka have a blowoff top before going bear mode. I saw the dump coming, but I just couldn't sell. Greed really fucks your decision making ability. Anyways never ignoring macro indicators again. Simple as.

[Anonymous No.51047994]

>>51047921
What is unique about this one? Is it just a BSC casino coin?

[Anonymous No.51048215]

>>51047994
Well first run the bonking memes and billboards carried it from 2k market cap to 230mil in 2 months time. This was during October (btc pumped 40ish %) and November (BTC dumped 7% that month). So basically it did well given how mediocre btc was.
Telegram itself just gave me good vibes in general too. Still does.
Now we have memetools among gateways to allow normies to buy easier (change.now). Along with that it has built over 2Mil liquidity. Mostly tied to BNB.
Also recently did like a 4x from the ~2.3 market cap low (went over 10M recently) but hovered back down to 6-7M because btc killed the alt coin momentum again because of course it did.
It's obvious the life is still there. Markets just need to recover so it's basically a waiting game for btc to restart the bullrun.

[Anonymous No.51048320]

Yes. I got an education and went to medical school. After all the training, residency, etc. I got my first real job last year. I graduated with 250k in debt. Right now I have 400k saved up. Hope brandon cancels some of my student loan and I'll just pay the rest back in one go and have some left over to buy the dip. With any luck I'll be at 500k next year with no debt

[Anonymous No.51048329]

>>51048215
Change.now is for non us users. As for the u.s., Binance.us (during the bear market) made transferring BNB to Bep 20 easy. Before, you could only transfer Bep 2 and had to go through this convoluted process to get it to Bep 20. Now it's a simple transfer from Binance.us to say metamask

[Anonymous No.51048388]

>>51048329
One other thing to note is because of the liquidity, dogbat is basically one of the more stable lowcaps/memecoins ever so it's basically become BNB on leverage in a sense.
also next bullrun will probably have btc make new aths meaning more money flooding the space meaning alts will go even crazier than last run (the past bullrun was a load of shit, but regardless next one will be better).
The other thing to note is we're in month 7 of a recession and they typically last 11 months total. The biggest gains in markets happen after recessions and usually within the very first year of the bullrun.

[Anonymous No.51048581]

>>51047866
I guess I am still in poverty, but in the high end of the lower class.
But I have moved up quite a bit. Still have a long way to go and kind of got stuck in retail but whatever.

I was homeless, got a job doing farm labor and migrant work for a year, then got a job in retail, then got raises and full benefits from that job in retail.
I save up a lot of money and the place I am staying at is cheap, but I will never be a homeowner at this rate unless I get a better job or more jobs.

[Anonymous No.51048606]

Stocks and a bachelors degree in tech got me out of poverty

[Anonymous No.51048656]

>>51048215
Have you ever listened to yourself? Like recorded yourself speaking this out loud and watching it back.

[Anonymous No.51048685]

>>51048656
Respond to me again, but with braincells next time aka with an actual critique. Not this sad excuse for a shitpost

[Anonymous No.51048760]

>>51048606
Similar story here, had literally no money and started a CS degree and buying LINK in 2018. Doing much better today net worth is ~50k and have ~110k in gross income yearly.

[Anonymous No.51048785]

>>51048760
Took out loans for school?

[Anonymous No.51048840]

>>51047866
guess I'm not poor anymore, making $30k/year in my south american shithole, but it's getting hard seeing a path in life for me as an IT guy who has no degree, no house, is getting old and tired of everything and everyone, doesn't have a supportive family or enough money to get his shit life fixed.

[Anonymous No.51049030]

one day i just got tired of being poor, i did the whole 3 minimum wage jobs 100hr weeks stealing food neglecting hygiene route for about 6 months the threw that money into a house and that has carried me financially for the last 9 years

[Anonymous No.51049866]

>>51047866
Unironically hard work. And finding a job where they actually paid me. I went from not having money for food and nearly becoming homeless to deciding if I want a new RS5 or M4 in about 6 years. That is nowhere near "rich" but it sure isn't "coming home hungry and making up lies why I can't pay rent" like it used to be. 70+ hours of work every week isn't meme, unless of course you are waging at some corporate hell.
In my view, success depends on a lot of things - your age, your childhood, your motivations... If you're over 30 and had a comfy upbringing where you always had enough of everything, your parents never struggled and even paid for your stuff after you were 15, and now you have realized that you wasted your youth away wageslaving, playing vidya and cooming, tough shit.
My parents were always poor but taught me that nobody will ever give me anything for free and that I have to work hard to survive, telling me to pay for my own shit when I hit 15 and could do "summer jobs". It pissed me off to no end, growing up poor, wearing shit clothes, arriving with my parents in an embarrasing heap of a junk car, not being able to go on school trips, being the poorfag in every group, having a 9 m2 bedroom all my teenage years... Looking back, it was a blessing - most of my old mates who grew up in well off families are now stuck in some average salary shit with zero motivation to go any higher. Meanwhile, I still feel the same hunger I felt when I left high school and got my first job - to NEVER sleep in a 9 m2 bedroom again.
I simply "made it out" by working my ass off - which mostly means becoming as good as I could in my profession (IT), by studying, asking more experienced people about everything, being curious and trying shit out, working overtime to finish as much as I could in a day. And when the time came, I either moved to a higher position job (often by switching companies) or asked for a significant raise.
Thanks for reading my diary faggots

[Anonymous No.51049995]

>>51047866
bought matic at 0.2 and look at it now, im expecting big things as Polygon continues to develop the space.

[Anonymous No.51050062]

yes; a lot of hard-work, patience, grit - it can be done...but fuck it was hard. I had really supportive parents, though. grew up lower-middle class in rural US

went to college for BA
worked marketing/sales jobs ~ 4 years
invested 80% of salary into crypto/crypto ira/stonks
made degen bets, but never enough to completely wipe me out

sales is unironically the best path out of poverty. sales is a skill everyone needs - how you approach objections, learn to collaborate, when to walk-away, when to persevere

also, multiple income streams. my niche has been websites/seo. affiliate marketing etc.

i worked out a lot too, find a hobby

[Anonymous No.51050185]

>>51048320
>>51048581
>>51049030
>>51049866
>>51050062

>LoL jUsT bEcOmE a wAgE cUck

[Anonymous No.51050248]

>>51049866
>I accidentally rode the greatest tech boom in history and now I think I'm a genius

[Anonymous No.51050287]

>first in family to go to college
>take out debt
>get a finance degree
>work for mr. goldstien n Co. for a couple years
>hate my life
>say fuck it and neet for a while
>run out of savings and get a blue collar job
Besides the crushing debt id say i made it. Lots of money to spend on shitcoins

[Anonymous No.51050366]

>>51047866
you grind and grind and grind. minimalist lifestyle for 30 years. one LUCKY fucking break (for me it was crypto). thats what it takes. a lifetime of suffering and sadness, and one extremely lucky break. of course, i can back up my decision to go into crypto with 100 years of macroeconomic history, daily scouring the internet for information, knowledge, every scrap and ounce of edge and hope and everything.

[Anonymous No.51050380]

>>51050185
>>51050248
>the seethe
Lol. Lmao even

[Anonymous No.51050463]

>>51050185
Dude, it was a step up for me.
I was fucking homeless and then doing migrent farm labor picking fucking potatos and cabage.

I ain't likely to be working retail forever but it has vastly improved my situation and allowed me to save up enough money to do things like invest, have a savings acount, have some gold and silver, and will probably fund my next move if I I can get something on the side to become viable.

You don't go from zero dollars to millionaire without work and building up to it.
Anything that claims otherwise is a scam or straight up gambling.

[Anonymous No.51050510]

>>51050287
What blue collar job did you get and what the transition hard/long?

[Anonymous No.51050519]

>>51050185
Being a wagecuck is a massive fucking upgrade from being destitute, retard.

[Anonymous No.51050620]

>>51048685
I’m not gonna spoon feed you if you seriously see nothing wrong with that clown vomit you just wrote out as an “investment”

[Anonymous No.51050780]

Swung trade JASMY right before a huge moonshot and made 50k once lol

[Anonymous No.51053160]

>>51047866
I think I'm about to.

Been living on minimum wage since I was 17, now 28. Decided to start university at the start of covid, purely to get Australias study welfare stimulus that was just chucking money at people at the time. Put a lot of that away and just sustained myself on minimum wage while I studied. Eventually I found a passion in the degree I'm doing and I know where I'm taking it. Now I'm in my final year and have just been accepted into an entry level position as a parole case manager at my local council, 75k starting, with growth after I graduate.

Gonna be able to take care of my mum a lot better now. So used to living in poor conditions, praying my taps won't break because we couldn't afford a plumber. Old house slowly degrading around us. Might get advice in investing someday but I'm not gonna even attempt it without knowledge first, for now I'm just going to work hard and get my base sorted.

[Anonymous No.51053202]

>>51047994
It's special in the sense that it is a doxxed Jew run scam coin that's rugged multiple times already and that poster is a paid shill patrolling these board spamming it 24/7 with many others.

[Anonymous No.51053215]

Also went from $6 to 6 figures in about two years.
My big secret? I got a job.

[Anonymous No.51053234]

>>51047866
>grew up poor as fuck
>section 8 housing, neighbors were all African immigrants
>so poor, never had birthday parties or brought my friends over
>join the Army because I was a shitty student and had no real hope of going to college
>get out after a few deployments as an infantryman, shitty ASVAB
>go to school on the GI Bill
>applied myself with the bit of discipline and ethic that carried over and got a degree in electrical engineering
>make very comfortable money in a low cost of living city in a secure job field with excellent benefits

[Anonymous No.51054277]

>>51047921
>>51048215
>>51048388

Thanks for the info.

[Anonymous No.51054403]

>>51050620
Retard take
Learn to adapt
ALL of crypto (stocks too. Gold as well. I could spoonfeed in good detail if you want. I know this would piss retards off) is a ponzi. The sooner you learn this, the sooner you can make real money.

[Anonymous No.51055122]

>>51047866
All you need is a good strategy anon. Find low caps, dca, stake for supercharger rewards. Flexible ones preferably with good apys. Sell at a good price. Repeat.

[Anonymous No.51055133]

>>51049995
Seems you caught it early anon. Same thing I'm doing with FWT. The staking rewards are the perks.

[Anonymous No.51055174]

>>51047866
We were in what you could probably call poverty for a while when I was young, in that we were relying on food banks to eat and couldn't afford things like heating or cooling.
The solution was literally just to stay in school, study hard and get an engineering degree. Now my wife (also an engineer) and I make well over $200k combined.
We still live incredibly cheaply though, just out of habit. When we were buying a house, our mortgage broker told us that our expenses were too low and that the bank wouldn't believe us unless we told them we actually spend twice as much. But it wasn't even an estimate, we literally just added up every cent that went out of our bank accounts for a year beforehand and divided it by 12.

[Anonymous No.51055208]

>>51050185
hello low IQ brown nigger. yes, keep gambling your $100 portfolio on crypto coins. it'll get you rich, richer than your favorite nigger athelete or your favorite nigger rapper!

[Anonymous No.51055422]

>>51047994
Probably shit. Careful there anon. Those die during bear. I only trust those like freeway superchargers now. Better safe than sorry.

[Anonymous No.51055449]

>>51053202
Obviously anon. Doxxed still get rugged. Sticking with brokerage systems to be on a safe side.

[Anonymous No.51055513]

>>51049866
I had a cushy privileged childhood and parents paid me thru uni but I have a much higher work ethic than most of my piers, I now make more money than anyone my age or friend group.

[Anonymous No.51055983]

Father had no clue how to make money, he did work with his hands, my mother worked wagie jobs. Heard all the usual cliches like 'money comes and goes', 'penny saved is a penny earned'. If more money was needed, the solution was always to take on more work. They ended up working long hours a lot of the time. I was basically raised by my grandparents as result. They were also bad with money but they at least had some wisdom about people or life in general to impart. Sometimes my grandmother would 'make too much dinner', which I learned was her just helping them out when they were really having trouble.

But even during the 'good times', lifestyle creep meant that my parents were always just keeping their head above water, and sometimes bobbing below the surface. My first red pill on money was a friend I made at school, his dad did work in construction, but seldom got his hands dirty. The kind of stuff he'd do is lend a hand with dumping old furniture into a skip, that kind of thing. He'd employ carpenters, electricians and so on (on a contract basis) to do the work. A lot of the people he employed weren't actually that good (based on price). At a few points my dad was the one working on fixing some of the problems encountered after these places were sold on.

But even with the massive property bubble, my dad didn't do that great. Any surplus of money was wasted on dumb shit and we lived in a small house, still paying the mortgage. Contrast with my friend's parents, that lived in a massive McMansion with a stable, all paid off and their business was turning over several million at the height of the boom. Even when the bubble popped, they sold off property to the state and were still able to use the rentals they own to service their remaining debt. In the meantime in my house it was back to grandma making too much dinner and my dad taking any job he could find.

[Anonymous No.51056005]

>>51048320
How is the work life balance of a doc?

[Anonymous No.51056138]

>>51055983
The first step to get out of poverty was getting out of the small town (and the mindset that often comes with it). Going to university to study CS. Because of my grades I was able to get some scholarship money which helped but the rest I had to borrow. I lived pretty frugally and even shit like rewarding myself with buying a video game for the summer because I got good grades, I felt guilty about. I made friends at university, again some people that had parents in the upper middle class, so I learned not just to try to conserve but about investing. Read Rich Dad, Poor Dad and I started to understand shit better. I was waging full time during the Summer and part time otherwise, to have some cash and pay off the debt.

Things finally clicked into place when I got an internship at MAGMAN. At that point, I was putting some money into stocks each month and I with a decent paycheck was speedrunning the remaining debt. Graduated with no debt and surplus of 5k (emergency fund). Continued to invest in various things, while job hopping every 2-3 years, in spite of my parents warnings (you could lose all your money Anon, why are you quitting that good job Anon, you're lucky to get it, etc). Continued to read books on finance and became less and less of a retard with investing. Fast forward ten years and I have a 6 figure portfolio and salary. Which isn't bad at all for being 32 and growing up as a poorfag. What annoys the hell out of me is that my parents (boomers) now try to take credit for my success when if I had've taken their shitty advice on money I would've ended up exactly like them.

[Anonymous No.51056508]

>>51047866
Responsibility.

[Anonymous No.51056985]

>>51055122
>stake

this the best oracle right now, it may be small, but its steady.
the yield i get on sylo LM means a lot to me.

[Anonymous No.51057180]

>>51050185
You gotta start somewhere, retard. Mommy will eventually stop giving you your allowance, even if you clean your room (basement) everyday, sweaty.

[Anonymous No.51058867]

>>51047866
Why are so many westerners poor?

[Anonymous No.51058884]

>>51047866
H

[Anonymous No.51058907]

"Escaping from poverty" in the United States isn't hard at all given

1. you aren't totally retarded or severely mentally ill
2. you're the least bit diligent

It's literally just: go to job, don't spend everything, save money, work your way up the ladder.

[Anonymous No.51058979]

>>51047866
I lived in a roach infested studio in a bad part of town surrounded by drug dealers and stuff because I made just above minimum wage, but worked fulltime at least. Then, I used my experience to leverage myself for better positions as much as I could over the course of a decade until now I make 90k. I could have done it fasted, but I had some major fuck-ups. All in all, much better than university communist brainwashing. My friends from high school are sort of butthurt about it since I hardly went to school and they did all their assignments and stuff. Honestly, if you’re smart enough to do well for yourself without school, it’s better to not pay attention to any of that mind-numbing crap.

[Anonymous No.51059392]

I sold weed on and off for years and had quit for awhile and couldn’t find a job after graduating and lucked into finding some seriously connected guys. Got a tech job almost a year after graduating but kept dealing/growing my business. This let me YOLO roughly 80-90k into crypto at the bottom of last bear market. Quit dealing over a year ago and now have roughly 300k and a decent job but I still feel poor since I live like a miser and dump all my money into investments.