/biz/ - Business & Finance

[Anonymous No.51528872]

>34 years old
>nothing to show for it
>no job offers above 65k
>rent nearing 50% of income
>820 credit score, approved for 50% of income ($200k)
>crypto portfolio down 50% YTD
>401k down 25%
i'm not gonna make it and it all feels so hopeless to even try anymore. so over 50 and 60 hour work weeks just have a "good" 2010 corolla with 130k miles need $4,000 repair. thinking about spending the last $1k on lottery tickets and moving back in with my mom and dad.

[Anonymous No.51528879]

What's with all the sad loser threads lately?

[Anonymous No.51528888]

>>51528879
Your mum isnt working today

[Anonymous No.51528899]

>>51528872
Just buy gns and qanx

[Anonymous No.51528902]

>>51528888
Checked

[Anonymous No.51528904]

>>51528888
>ur mom
Sad 14 year old loser detected

[Anonymous No.51528918]

>>51528872
Fr though, live with your parents as long as possible, save up money, go gym, leave 4chan.

[Anonymous No.51528977]

>>51528872
i am
>34 years old
>bought btc at 8$
>bought eth at 9cents
>literally never cashed out
>never had a credit card
>no 401k
>my dad died 4 years ago at 61

cheer up and enjoy the ride fella

[Anonymous No.51529016]

>>51528872
If your rent is more than 10% of your income just be homeless instead fuck that

[Anonymous No.51529098]

>>51528872
what line of work are you in?

[Anonymous No.51529115]

This is not financial advice.

Im about your age, about your pay (but work less hours quite comfortably). My rent is ~15% of income for reasons. I saw i had some space in budget, so i took out literally as much loans as i could. During lows, put everything into market, have low insertions for quite big piles of GME and BBBY. If you dont like those picks, get something else, that is besides the point.

Inflation eats up easily 50% of the credit cost of these loans.

My worst case is, if everything blows up and my investments are turned into ashes, i will have to be a renter for 10 years to get rid of my debt. But where i live, most middleclass are renters. So my worst prospect is having a net life standard like most others.

My best prospects... well i dont know, and i dont care for speculation, however i have a shot at what i want: just a relatively modest house, some lebensraum, in countryside, with no debt and not having to wagecuck all my life. I will ride my investments until i have that ($1-1.5m is more than enough), or until i have nothing.

This is not financial advice. One shouldnt easily think "i have nothing to loose". But i, personally, am comfortable with the ratio of worstcase-bestcase and the balance of plausibilities.

I based this on the most basic assumption that previous generations could do a very linear path, when a decent job and saving could get you a house. Middle class life was just a matter of being born middle class, and working five years. Now, they are blowing up the middle class and what is left is being one or another variant of a) more or less glorified wagie-renter - (to this i add the category of homeowners, who own homes but have loans for >50% of its value, they will slave for banks better part of their life )or b) homeowner that is not debtslave and not wagie. The likelyhood of people getting into position-b is decreasing every year. I couldnt become position-b myself without exotic methods. This is what i did. Youre not alone.

[Anonymous No.51529538]

> So my worst prospect is having a net life standard like most others.
that's a problem not for me, not for you, but for all of us. The American Dream is dead and anyone who says otherwise is larping, got lucky, or came from money... or its just a cherry picked survivor's bias

>But i, personally, am comfortable with the ratio of worstcase-bestcase and the balance of plausibilities.
i guess that's more optimistic than me, but i just imagine being 65 years old with no grand kids, still a rentoid, working at some wagie slave job

>Youre not alone.
Thanks, man.


>>51529098
was project management but i lost my job after 6 years with the same company. Austin TX for COL and salary perspective

[Anonymous No.51529573]

>>51528872
>rent nearing 50% of income
Imagine not house hacking or doing SOMETHING to break that cycle

[Anonymous No.51529577]

>>51528872
>>51529115
Guys please look into:
Quant crypto project. Put a sizeable investment in it while there is still time.

[Anonymous No.51529892]

>>51529573
I am BEGGING people to GET COMFORTABLE WITH LIVING OUTDOORS. OR AT LEAST IN YOUR VEHICLE.

If you get good at this you can have ENORMOUS AMOUNTS OF LEISURE AND YOUR LIFE QUALITY CAN REMAIN PRETTY FUCKING GOOD.

IF YOU PAY MORE THAN 10$ OF YOUR INCOME TO RENT YOU ARE A FUCKING STUPID FUCKTARD

YES, BE HOMELESS. DO NOT NEGOTIATE WITH THESE ECONOMIC TERRORISTS!

[Anonymous No.51529912]

>>51529892
10%*

[Anonymous No.51529915]

>>51528872
Mid 30s retard loser checking in.

[Anonymous No.51529938]

>>51529538
>6 years with the same company
exaggerate your responsibilities on your resume and practice lying in interviews. with that much experience in PM you should be making like $100k, especially in a high cost of living area. when you get a new job be aggressive and change jobs for more money after 2 years. from one mid 30s boomer to another, you NEED to get into management. being an individual contributor in your 40s is not good at all.

[Anonymous No.51529944]

>>51529892
Being homeless is probably the worst shit you can do. Absolutely horrible existence.

[Anonymous No.51530302]

>>51529944
You are doing it fucking wrong, that's why. You fucking idiot. Don't do it like how you see it done.

[Anonymous No.51530438]

>>51528879

Everyone is realizing there is no way out. All of this grinding and suffering for fake digital units on a screen isn't worth it. Years, even decades of their lives were wasted working for some corporate kike, instead of focusing in on their hobbies, enjoying nature, loving family and friends and finding a purpose, other than money.

Not to mention, no matter how hard you work, the government can take it away whenever they want. You are nothing but a slave. A cog in a machine. Totally replaceable, and you will be forgotten after your death. Like you never existed.

[Anonymous No.51530614]

>>51530302
Living out of a car or van or whatever crazy scheme you’re thinking of is also horrible. Maybe there are some places in the world where the climate is appropriate and there is the right kind of infrastructure and culture but you need to realise that is the extreme exception, not the norm.

[Anonymous No.51530799]

>>51529538
>The American Dream is dead
You can't be serious. Learn a skill and start marketing that skill to locals. It's as easy as buying a pressure washer and going door to door advertising your services. Then once you have enough business you start hiring actual washers while you just go find more clients. The American Dream may be less alive than decades ago but I just gave you one of the easiest ways to make it.

[Anonymous No.51530875]

>>51530614
You literally just don't know how to do it, keep spending all your money because you're a pussy. Keep paying the weak pussy tax.

[Anonymous No.51531062]

>>51530799

>Illegal immigrants

[Anonymous No.51531099]

>>51530875
you're literally justifying homelessness lmao

[Anonymous No.51531118]

>>51531099
If you don't break out of your dogma you'll continue to pay baby back bitch taxes. You can be completely comfortable without a house, and you simply don't know how.

[Anonymous No.51531119]

>>51528872
its over

[Anonymous No.51531138]

>>51531118
yeah man living like a homeless nigger is fucking based and the entirety civilization is retarded for advancing toward permanent shelter with climate control. you are the lone genius, probably extremely good looking at well endowed too.

[Anonymous No.51531198]

>>51531062
What are you saying? Illegal immigrants will take all your work? You will come up with an irrelevant counter to every idea and will never try anything out for yourself. You're right, the American Dream is dead.

[Anonymous No.51531227]

>>51528872
My rent is like 60% of my income.
If i didnt have crypto right now I'd be living on the goddamn street

[Anonymous No.51531283]

>>51531138
Just admit you have no idea how to live a very comfortable and leisurely life without a house. Your words are inadvertently describing quite succinctly.

[Anonymous No.51531297]

>>51531283
yeah it gets really cold in the winter, you're right.

[Anonymous No.51531304]

>>51531283
Bro can you give some tips I may have to take the van life pill how can I reinforce so niggers don’t come in

[Anonymous No.51531323]

>>51531297
Protip: Be a nomad
>>51531304
Protip: Don't be where niggers are

[Anonymous No.51531351]

>>51528872
There are mortgages for poor people, I believe

[Anonymous No.51531367]

>>51528872
>corolla needing repairs
God damn that's sad. How badly did you fuck it?

[Anonymous No.51531391]

>>51531283
>Just admit you have no idea how to live a very comfortable and leisurely life without a house
Sure. I have no problem “admitting” that.

[Anonymous No.51531440]

>>51531323
>Protip: Be a nomad
I hope you get raped by a pack of niggers for trying to bring even more phoneposting faggots here.

[Anonymous No.51531535]

>>51528872
Also, try looking for gf, they are normally really good at having to split rent with

[Anonymous No.51531638]

>>51531391
Good.
>>51531440
lmao

[Anonymous No.51531661]

Die rich.

[Anonymous No.51531763]

>>51531638
I don’t know what you think would be hard about admitting that life as a homeless nigger is horrible, but I freely admit that it is.

[Anonymous No.51531831]

>>51531763
Yes life as a homeless nigger is horrible. What fail to admit is there are alternate paths to homelessness that are lovely. Simultaneously you manage to admit that you don't know how to do it. Admit your ignorance, your lack of awareness that there is a range where homelessness is fucking fantastic. You have already admitted you are ignorant of this range, so it should be simple for you to admit that there is potential for this range to exist.

[Anonymous No.51531896]

>>51531831
how much pussy do you get as a homeless nigger? and by pussy i mean clean, infection-free pussy attached to non drug addicted women with all of their teeth.

[Anonymous No.51531921]

>>51531831
>admit being homeless is great
That’s a nah from me
>>51531896
This

[Anonymous No.51531977]

>>51531921
There are patterns of behavior that make it pretty fucking great, just like there are patterns of behavior for any mode of life
>>51531896
Yes, do not project your insecurities.

[Anonymous No.51532093]

>>51528872
>>crypto portfolio down 50% YTD
let me guess you didn sold because of greed

[Anonymous No.51532172]

>>51531896
wymen dont care where you live as long it's not your parents
>>51528872
You are doing the wrong thing, fuck bitches, get pussy. Your efforts should be fixed on finding a female to mate with, you can sort the rest afterwards. In a few years you wont even care if you r rich or not as long as you comfy

[Anonymous No.51532884]

>>51528872
>no job offers above 65k
you leave making real money to the smart people anon :)

[Anonymous No.51533410]

>>51528872
Joke's on you. I'm 33 and never out from my parents. Feels comfy

[Anonymous No.51533810]

>>51529892
How are you supposed to save money then? All jobs I've seen have required you to have a home address.