/biz/ - Business & Finance

[Anonymous No.52428433]

Why don't you just invest in your skillsets and DCA as much of your paychecks as you can to Vanguard ETFs?
Less stress, more sanity, more fulfillment, time for hobbies, and more likely to be financially free.
I'm on track to retire off of dividend-paying assets by 31 and I don't need to time the market or stress on anything I can't control, just building my engineering/IT skills and income.

[fumakjhg No.52428456]

The only product I'm using now is Bspin. cuz:

>Strong casino with a BTC as the playing currency
>Coming giveaway with $15K Prize Pool
>Huge amount of games, slots, LIVE, spins etc

[Anonymous No.52428467]

Wait a minute, that nose...

[Anonymous No.52428475]

>>52428433
How much are you DCAing??? You have to be making massive monthly contributions. How much do you earn??

[Anonymous No.52428617]

>>52428475
I'm a security engineer so making pretty good money. I bring in $12k a month, spend $3k a month, and automatically dump $9k a month into Vanguard's Total Stock Market Index Fund ETF.
Currently studying for a massive cert that should boost my pay by another 30-50%, should be able to get it next year.

[Anonymous No.52428853]

>>52428617
>automatically dump $9k a month
There's your answer. Most people don't make that kind of money or have that much left over. Have an interview coming up Wednesday for PA school. In a little 2 years, I should be able to make 6 figs and this is the plan.

[Anonymous No.52428918]

>>52428433
What are your retirement goals, how much do you need to stack first, how much fixed monthly income?

[Anonymous No.52428926]

The easiest way to early retirement maxx in the US:

>pick a good field like IT or medicine
>find a low CoL area that still offers decent pay, if you're remote this is way easier as you can just get a high paying coastal job and work in cheap middle America
>buy a small house or condo in an appreciating area to make your living space an investment too
>live humbly: cheap car, low travel, make most of your own meals
>dump literally everything you make after expenses into 2x leveraged total market ETFs, crypto, and real estate
>functionally retire at like age 35

I'm doing this but in a more delayed fashion since I'm going for the wife + kids route too and women/children are gains goblins even if you budget well

[Anonymous No.52428974]

>>52428433
i refuse to be complicit in the borg's takeover of the american system. i won't touch vanguard for the same reason i won't invest in REITs, big pharma or defense contractors. i believe investment carries with it karmic baggage, and my intuition tells me that vanguard is mixed up with some pretty heavy, dark energy. i refuse to contribute to the enslavement of my species for profit.

[Anonymous No.52429004]

>>52428926
Jesus Christ man listen to yourself. is that how you people really think? turning life into a series of quantitative equations? making every decision based on profit/loss and expenditures? you are not a machine, you are a human with a soul. there's no space in that schema for the most beautiful things in life.

[Anonymous No.52429046]

>>52429004
Break out of the rat race then enjoy life, sounds pretty nice.

[Anonymous No.52429047]

>>52428433
I'm DCAing $30k per year. Focusing on leveling up my wagecucking earnings potential. Making a big step right now and if it works, I should go from $150k to $250k

[Anonymous No.52429073]

>>52429004

Are you kidding me? You can live non materialistically and still enjoy life to the fullest. Bike around, hike, swim, spend time with people, it doesn't require massive expenditure. This is about breaking out of the Matrix, you act like I'm the automaton and you're the one who's a slave to the tax/wage/consoom til death machine. This allows you to start living your real life in early middle age, which is amazing. It's impossible to do this in most other countries.

[Anonymous No.52429077]

>>52428433
you can only redeem the shares for fiat USD. What happens to your retirement if hyperinflation wipes out the value of USD and they switch to a Central bank digital currency? This is why i keep 10% in bitcoin as hyperinflation insurance

[Anonymous No.52429084]

>>52428617
VTI? The thing that will average 3% a year over the next decade?

[Anonymous No.52429209]

>>52428617
I'd go for a target date mutual fund. Then you can leave it on autopilot for 40 years

[Anonymous No.52429267]

>>52429077
low iq take
if USD goes down so the world will go down with it
they will nuke every fucking shithole on this earth before they let the dollar die

[Anonymous No.52429413]

>>52428853
which is why I say to invest in what you can control aka your skillsets. I came from a lower middle-class family in USA that always struggled horrifically with money.
I started minimum wage while going to college off of financial aid, then applied to internships every day while building my skills, started making a little more bit by bit, went to a state university off of student loans, earned Security+, got a good engineering internship, got my bachelors in STEM, went to all the career fairs/tech challenges, got a good paying job out of school, got a job working from home, built up more skills, and now work for a great company, and will prob move up in the chain if I get this top tier cert. From there, I could do consulting/instructing for security certs or get a Master's if it's paid for by the company. Should be able to double my income within the next few years doing this stuff.
Won't be rich, but I have plenty to spend on things I enjoy and feels good knowing i'll have most of my life ahead of me to work on whatever i want.

[Anonymous No.52429427]

>>52428918
retirement goals is to live off dividends
stack as much as you can but ideally save 75%+ your income
I recommend going into STEM
>>52428926
I pretty much do all this. I'm thinking of buying a house next year. Tired of paying rent.
Paid off my car, cook all my meals, and travel a few times internationally a year.
I don't even touch crypto anymore, but if I can invest 75% into ETFs, I'll dump the rest to crypto when things make sense, then sell sometime in the bull market if it happens.
Can retire before 35 for sure. If lucky before 31 but i just stick to a gf and a dog.
>>52428974
I'll probably leave America sometime later so meh, gonna focus on me, my family and close friends
>>52429073
lot of dudes are brain fried on andrew state or whatever, thinking they need a million things but all that will just leave them empty and dead inside. Opt out of that shit and you can finally enjoy simple pleasures and pursue what you genuinely find exciting, and positioning yourself for freedom from the rat race
>>52429084
Yeah I'm not banking it makes killer money, just consistent gains above inflation. Soon I'll invest 25% or so as a fun money account for crypto/stocks to maybe speed things up, but either way, I'm set in 7-8 years

[Anonymous No.52429468]

I'd rather invest it into bit anon. 3% a year lmao. amateur numbers.

[Anonymous No.52429489]

>>52429468

Bitcoin is no sure thing. With how coupled the stock market is now to economic/state success, it's basically a sure thing. Don't pin your retirement on nonsure things. I put like 10% of my investment into Bitcoin but I consider it a nice to have upside bet, not the core of my retirement strategy.

If you need more action go for a 2x leveraged SP500/market ETF like I mentioned.

>>52429427

very true

[Anonymous No.52429506]

>>52429413
>lower middle-class family in USA
Oh poor you, middle class Americans are more wealthy than 80 percent of the planet.

[Anonymous No.52429522]

>>52429506

It's actually like 95%, crazily enough

[Anonymous No.52429545]

>>52429084
>3%
Not even. I'm negative all time in all my Vanguard shit. Fucking stupid work retirement plan only letting me put it in Vanguard ETFs. This shit should be illegal.

[Anonymous No.52429575]

>>52429545
As if you'd outperform it

[Anonymous No.52429746]

>>52428617
Which cert has that effect?

t. DevSecOps + software engineer

[Anonymous No.52429850]

>>52429468
>>52429489
yeah prob the best mix is either 75% safe account and 25% fun money or 90/10. I wouldn't touch BTC/ETH though. More like mid-caps when there's a bull market and go for easy 5-10x plays and gtfo when things get ridiculous.
>>52429506
yeah it wasn't that bad. I know people worse off than me doing better than me.
>>52429746
OSCP

[Anonymous No.52429864]

>>52429850
>OSCP
Junior pen testers make like $90k/y

[Anonymous No.52429878]

>>52429746
CISSP :) not person who wrote that btw.

T. Principal SDE/Sec Eng

[Anonymous No.52429957]

>>52429864
>>52429878
CISSP is pretty good if you go the gov route from my understanding. How useful is it in the private sector vs. OSCP and leaning towards AWS/Azure security?

[Anonymous No.52430158]

>>52429957
>>52429878
You're pretty silly if you think a particular cert is going to make your salary go up. You can use certs as a learning path to guide your development. At some point the shock and awe of having a zillion certs may make your salary go up, but even then not really. it's all about the knowledge you have

[Anonymous No.52430292]

>>52430158
How do you prove you know shit in interviews/resumes then? I can talk all about the CIA triangle, Azure/AWS, virtualization, network admin automation, and scripting, but idk how my random experience/projects will hold compared to certs proving I know this

[Anonymous No.52430795]

>>52430292
porque no los dos?

[Anonymous No.52431041]

>>52429413
>>52428926
Yea this are basically the plan rn. I feel behind cause I'm 28 w/only ~$45k net worth, but at least I'm debt free aside from my mortgage. Can't wait to get past the 2 years of PA school and start speed running to retirement.

>>52429004
Wdym? enjoying time with your friends and loved ones, cooking your own food, exercising, and living simply without *having* to work sounds like the most positive way to spend your life. Being a mindless consoomer and giving into your temptations for instant gratification is being a slave to your lowest desires. I think you might need to take a look at what you consider "the most beautiful things in life."

[Anonymous No.52431183]

>>52429413
>I came from a lower middle-class family in USA

So you lived life in easy mode.

[Anonymous No.52431635]

>>52431041
you're doing it right anon. Whatever lets you be a better producer instead of a consumer is the way. The algorithms on media platforms will push for content that makes people better consumers, so people fall for that psy op all their life.
>>52431183
yeah it was easy, but trust me, many people have it even easier. Most people i grew up with had their families pay for all their shit up to college and some of them were handed businesses from their father or whatever to run. Most people running businesses in crypto/finance/social media are probably trust fund kids. Look at Bezos, Gates, Musk, Buffett, SBF, and even zoomers like Mr. Beast - extra easy mode, which is why they could take so much risk at an early age to do whatever they wanted

[Anonymous No.52431731]

>>52430795
What do you think of this guide from /g/? - https://pastebin.com/vyhNRqj8

[Anonymous No.52431848]

let's be honest as to the answer of why most people (men) don't do this

[Anonymous No.52431990]

I can save/invest 3k a month as a eurofag. Trying to get into the land of the free next year which will give me a 6 figure salary.
What should I do? Is DCAing into an index fund ideal? It seems too safe, I'm only 26, and with a 3-4% return it will take a long time before I see gains, granted it's still probably better than what most the population do?
If I wanted to be a bit less risk averse then what should I do? 75% DCA index and 25% shitcoins?

[Anonymous No.52432300]

>>52429267
Cope.
USSR could have done the same thing, but they didn't.
>>52428433
Happy to see that there are other STEMfags around that have read ERE. The principles in that book are sound, except for the fact that it relies on the continuous growth of the overall market, however that's ultimately what pushed me up the risk curve to cryptos: living through 2020 convinced me that the system is utterly corrupt, and early 2021 furthermore convinced me that the "traditional" markets are to a large degree fake and controlled by special interests (see the GME/AMC saga). Still, I follow similar principles as in ERE, just diversified into cryptos as well as indices. My monthly breakdown is something like
>3.5k indices/cash (the "safe" portfolio)
>3k crypto
>1k real estate principle
and I try to rein in my expenses, though over time I admit, I've turned up the dial on the hedonic treadmill (expensive restaurants, travel, etc.). Looking into other avenues to increase my income, though right now I make pretty decent money at around 200k.
t. aerospace engineer

[Anonymous No.52432462]

>>52430292
He has a point you know.

Recruiters and HR people are basically retarded and never have even 2% knowledge about the position they're hiring for especially if it's technical in nature. This is because everyone in HR is a diversity hire who "didn't need math" to graduate. The only thing they know is "Oh this cert is for security and it's rare. Cool."

This is why you frequently see job postings asking for 25+ years experience in a technology invented five years ago.

So yes once you're at the interview stage you need to talk about a lot of different subjects competently, but without a corresponding certification of skill it's going to be substantially more difficult to get to an interview stage.

[Anonymous No.52432513]

>>52431848

They are trained from cradle to grave to CONSOOM, and that a 40-45 year career to finance this is ok.

The "DUDE LIVE LIFE WHILE YOU'RE YOUNG WHO CARES ABOUT MONEY XD" shit isn't all organic stuff.

[Anonymous No.52432547]

>>52428467
>mind on profit

[Anonymous No.52432566]

>>52432462

Software is picking your resume out of the pile. Just list a bunch of meme keywords that will collect hits, puff your resume up, and then learn to interview well because this is where you'll nail good jobs.

[Anonymous No.52432809]

Good thread
>tfw waiting on my brockarage account to verify my bank account

[Anonymous No.52432836]

>>52431990
I'm also 26. I already have low 6 figures saved following this strategy and yeah, my plan is to get a house next year to skip the rent jew and 75% DCA index and 25% shitcoins.
I've seen 9/10 fuck themselves over trying to time the market.
Everyone wants to get rich quickly but IMO better off just taking a longer route that's guaranteed.
It doesn't make much difference if you retire at 35 vs 30, anyway. Just make your current life as enjoyable as you can, don't increase expenses, and keep doing that until you're financially free so you can enjoy the best life you can long term.
Map out all the projects you want to be a part of when you no longer need to work to live your lifestyle.
You could teach, write books, make indie games, film documentaries, volunteer in your area, compete in a recreational sport (I like boxing and golf), host art shows, and create value in whatever creative endeavors you enjoy while bringing people together and making fun stuff happen.

[Anonymous No.52432853]

>>52432300
pretty solid anon. Do you stay in crypto at all times? I'm staying in cash for what I will use for crypto's next bull run. Just planning to flip midcaps for a few multiples here and there. As for expenses, I keep everything the same monthly, but if I make extra cash from a bonus/consulting/side job, I'll dump it to a fun checking account to blow on whatever I want. So far, got a chunk saved for a trip to Milan early next year.
>>52432462
>>52432566
I consistently get jobs I'm underqualified for. I prob apply to thousands a year and just study whatever topics are asked during interviews well enough to answer the next time. It works but probably worth just stacking a few more certs here and there.
>>52432513
yeah I opt for the reverse approach. Honestly, it doesn't take that much to live a "good life" IMO. I already have 90% of what makes me happy, but I rather cut out 100% of what makes me unhappy (going to meetings, doing mundane tasks, not being able to spend all my time on creative projects)

[Anonymous No.52432908]

>>52432853
anon early retirement group chat

https://courtyard.gg/chats/8w0akli3tl

[Anonymous No.52432972]

>synthetic derivative stocks
>line goes up eternally

[Anonymous No.52433053]

>>52428433
I'm doing the exact same. But you have to understand that most people posting here are either neets or are in a dead end job with low wages, so your route is no option for them. Then it's easy to see why they should go and try to play the gamble and pomzi game with crypto.

[Anonymous No.52433119]

>>52428617
Anon, I invest 1k€ a month and that puts me in the TOP 1% OF ALL SAVORS PEOPLE here in my country. You do the right thing but if I don’t make it with crypto (and then put it all in a divi etf) there is no way for me to ever make it. I‘m working two jobs and went to Uni btw.

[Anonymous No.52433132]

>>52432853
>pretty solid anon. Do you stay in crypto at all times? I'm staying in cash for what I will use for crypto's next bull run. Just planning to flip midcaps for a few multiples here and there.
In 2021, I DCA'd into large caps at the bottoms and flipped shitcoins at the tops, which worked pretty well. After the crash in December last year I surmised that the bear market was here and decided that my strategy would be to DCA the whole thing in case there was a triple top or a relief rally somewhere along the way. In hindsight this was not a good idea because we've just dumped ever since, but it is what it is. The plan has always been to DCA until the next bull market top in 2024/25, the volatility be damned.
>As for expenses, I keep everything the same monthly, but if I make extra cash from a bonus/consulting/side job, I'll dump it to a fun checking account to blow on whatever I want. So far, got a chunk saved for a trip to Milan early next year.
Based. You're gonna make it.

[Anonymous No.52433140]

>>52432513
This unironically. My gf has a problem with debt and she will unironically rebuttal with "who cares? Everyone's is in debt anyways"

[Anonymous No.52433297]

>>52428617
>Just make $144k a year after taxes bro

[Anonymous No.52433492]

>>52433053
i laid out here >>52429413 how i went from $0 to be on track to retire by my early 30s. It's not easy but it's doable. It's essentially a marshmallow test anyone of average intelligence can take to enjoy the freedoms of the upper class
here I lay out the benefits of going this path >>52432836 you can spend all your time on whatever projects you find creative and fulfilling for the rest of your life. It's also a lot easier to have a great social network when you're the one facilitating fun stuff and bringing people together all the time
Idk a better alternative considering most of us here are born in circumstances that require us to either be a part of the rat race or enjoy very limited experiences as neets/Diogenes types
>>52433119
how much do you spend a month? If you can save/invest 75% of your income, you'll retire in 1/4 the time most people in your country do. If you save 90%, it's 1/10 of the time.
>>52433132
yeah, I was doing that too, but it cost me so much stress that I rather just build skills and keep it limited to just flipping shitcoins in bull markets. When I get a few multiples off my fun money portfolio, I'm out until the next bull.
>>52433297
yup, I recommend STEM. Everyone I know in this field that isn't married is basically just doing the early retirement route or trying to make a startup. Pretty good odds of making it.

[Anonymous No.52433656]

>>52428617
Are you saying 12k a month after taxes? How the fuck are you making 12k per month unless you’re in NYC or SF. That’s around $210k a year pure salary. Even engineers in those areas don’t make that much pure cash, it’s all in equity. Do you really need to inflate your numbers to make a point? Shit like this gets so old. If you’re talking 12k per month before taxes, say that. If you’re talking 12k a month including equity, say that. Also include your age. Otherwise you could be nearing 40 and you make it seem like you graduated 2 years ago.
This is such a brag post. I make great money being an engineer too but dumb posts like this are exactly why people hate the learn to code meme.
>hurr why doesn’t everyone just get a salary in the top 1% of Americans?
>oh idk anon
It’s all so tiresome.

[Anonymous No.52433728]

>>52433656
Also lol @ you thinking any cert will explode your salary 30-50% if you’re already supposedly making 200k straight cash.

[Anonymous No.52433816]

>>52433656
I work from home and work 2 jobs. Currently interviewing for a third position and actively studying to earn better-paying jobs in cybersecurity/IT. If I get another good cert or two, should be able to negotiate more money.

[Anonymous No.52434340]

>>52433492
>how much do you spend a month? If you can save/invest 75% of your income, you'll retire in 1/4 the time most people in your country do. If you save 90%, it's 1/10 of the time.
Problem is, I can't live like I currently do forever. When I quit waging I will have to pay health insurance on my own instead of it being deducted of my slave wage so that alone wouldf increase my spending by 30-40%. The system here is built to prevent people from exeting the workforce. Right now I only spend around 800€ a month (and I don't know a single other adult that has spending that low, average here is like 1800 per month!) but to actually quit my job forever I need at the very least 800k-1 million. I have 150k in crypto right now, used to be 450k ath. The next time we have a bullrun (if that ever happens again) I will either retire or I capitulate on the dream and try to accept my fate as a working drone, dying of heart failure at 50yo.

Also thinking about moving to SEA for cheaper living expenses but that would also require actually making it to quit a job forever.

I'm not gonna quit for a few years and be forced back into the cage because money ran dry. That would end me.

[Anonymous No.52434390]

>>52428433
Stocks are massively overvalued and expected return over the next decade will be flat or negative in real terms.

[Anonymous No.52434412]

>>52434390
what's a good alternative then? high yield savings accounts?

[Anonymous No.52435096]

>>52434390
Whats ur opinion on unit-linked pension insurance

[Anonymous No.52435715]

>>52428433
I'm 31 years old, been working full time since graduating college in 2013, and I make $21 per hour, or just barely over $40k per year. After taxes I bring home like $3k per month. I'm living at home with my parents and not paying rent. Even if I contributed 90% of my income to a Vanguard ETF, I doubt it would make much of a difference

[Anonymous No.52435902]

>Imagine not just grabbing a tent and running into the woods.
ngmi

[Anonymous No.52435920]

>>52435715
I made more than that as an intern in college. Go to something that makes more money and build your skills in it. Within a few years, you could be at 6 figures

[Anonymous No.52436001]

>>52433816
STOP TELLING PEOPLE ABOUT WORKING TWO JOBS YOU DUMB NIGGER, YOU'RE GOING TO RUIN IT FOR THE REST OF US!!
https://www.readytal.com/blog/six-tell-tale-signs-your-remote-employee-is-working-a-second-full-time-job

[Anonymous No.52436055]

>>52428433
Because I need to control my capital gains to remain poor on paper and qualify for government benefits. Index funds are better, very low mandatory capital gains, I can choose almost exactly how much profit to take.

PovertyFIRE is based tho, fuck waging

[Anonymous No.52436215]

>>52436001
just do a good job, no one cares. I know someone that told his employer, and they didn't even care

[Anonymous No.52436869]

>>52428433
I agree with DCAing, cause it's been a way for me in this bear market, as I get to DCA ALBT, RIDE and WNT, and ALBT being my biggest bag did an X2 recently.

[Anonymous No.52437185]

>>52428433
as much as i love to DCA, I believe in staking stables and SpoolFi has been a good tool to use.

[Anonymous No.52437790]

>>52434390
this but what are some alternatives

[Anonymous No.52438446]

>>52437790
Yield-generating DeFi protocols. DYOR though. /biz/ has threads up on this stuff daily, so no excuse.

[Anonymous No.52439394]

>>52428433
Because I want to kill myself everyday with traditional career paths. I wanted to be a digital artist but that doesn't pay the bills and I'm now stuck in IT and barely able to fool the people around me that I'm somewhat competent. If my crypto doesn't moon next bullrun I'm probably just going to finally get laid off when the jig is up and then I will end my life.

[Anonymous No.52440686]

>>52428617
>automatically dump $9k a month into Vanguard's Total Stock Market Index Fund ETF
good luck catching that falling knife, retard

[Anonymous No.52440697]

>>52428433
DCA is a lie to hobble you. Sell and buy at a dip.

[Anonymous No.52440702]

>>52429004
>t. trust fund kid

[Anonymous No.52441131]

my “early retirement” is my staked ETH and BIT
fuck anything else im not slaving for 40 years to get a retirement

[Anonymous No.52441135]

>>52428433
testing

[Anonymous No.52441160]

>>52434390
said anon in 2015 and 2012 and 2009

[Anonymous No.52441201]

>>52433297
I make 144k and take home 7.5k/m after taxes, and of that I only save 3k/m. I have no idea how >>52428433 is taking home 12k

[Anonymous No.52441206]

>>52432513
no, that's not what I mean
it's because they think you're supposed to marry and have kids, completely eliminating any chance of getting out of the hedonic treadmill, the cycle of consumption, and being pressed into productivity

[Anonymous No.52441209]

>>52428433
SSSSSSH, don't you know OP your advice is boring? People come here for sexy, secret-knowledge tricks to "beat" everyone else. Nobody has time for your level-headed commonsense stuff.

[Anonymous No.52441227]

>>52428433

u can tell when people are reddit iq. research has always shown lump sum - on average - outperforms dca. dca is a scam to generate fees and stabilize market activities for brokerages

[Anonymous No.52441323]

>>52428433
I use the bogleheads guide. Never had more money than now. I'm early in career. Hit all time high end of last week. Portfolio split 72% US, 18% international, and 10% bonds.

[Anonymous No.52441465]

>>52441201
What if they've got a 401k, 457b, HSA? Could do a lot of pretax saving, I wonder if that would help.

[Anonymous No.52441736]

>>52435715
wtf
get a part time job in addition
UPS is gonna be hiring le Christmas season
go slang boxes for 4-5 hours

[Anonymous No.52441854]

>>52428926
>middle America
I'm good cletus. Cheap because life there isn't worth living

[Anonymous No.52441931]

>>52441854
>He didn't post the best version

[Anonymous No.52442615]

>>52441931
Chudcore

[Anonymous No.52443150]

>>52428475
Nope. Just stop spending your money on shit. Most people spend all their money on garbage on don't even know it.
Entertainment, shit food, show off cars, clothes and jewellery etc.
I started down the FIRE lifestyle and went from like $100 a month into my Vanguard account, it's now up to 1k a month consistently being invested. I stopped buying coffee from coffee shops, stopped buying lunch out, stopped buying expensive alcohol and instead I buy cheap ass wine and beer now only, stopped spending money on shit like spotify and netflix and other crap, Ive never been a big spender on clothes or fancy cars but many people do do that, we have 2 cars, I drive the smaller cheaper one absolutely everywhere now knowing I am saving money.

You can go even further with this, sell your house and move to a cheaper area, sell your big cars for smaller ones or go from a 2 car family to a 1 car family, ride a bike, solar power etc.

[Anonymous No.52444032]

>>52429004
lmao, enjoy being poor and working until 80

[Anonymous No.52444254]

>>52429004
>I NEED TO CONSOOOOOM
t. woman

[Anonymous No.52444410]

>>52443150
About 5 or 6 years ago the guy I worked with turned 51 and I said, offhandedly, "I ain't working in this shithole when I'm 51."
Cut the cable, bought a shitbox suburban, 25% into my 401k and fast forward to June of 2021 - turned in my 2 week notice with "retirement" as my reason.

No regerts!

[Anonymous No.52444452]

WOW, ya're stupid af! Try Bspin. its easy even for u.
>Online Casino with Bitcoin main currency.
>Players deposit, play and withdraw BTC without any additional conversion.
>Many different deposit methods

[Anonymous No.52444593]

The killer here is the income. Most people like me made retarded choices and are going to be stuck on sub 6 figures PA for the forseeable future.
How do you enter cybersecurity without a degree?

[Anonymous No.52444596]

>>52428433
DCAing makes investment comes with ease it's been a way for me in this bear market, as I get to DCA ERG, ZIL, WNT, and GEEQ being my biggest bag so far

[Anonymous No.52444657]

>>52444032
I believe been poor is a choice. Fuck off poor degens. Based on how they are evolving, I think blockchain-related projects will have a nice run relatively soon.

[Anonymous No.52444868]

>>52428433
because skillsets wouldn't give me a 100x of a thousand dollars under one month the way projects like geeq or raca could

[Anonymous No.52444879]

>>52444596
some of the tokens you just listed here, I've been holding for over a year. wen pamp?

[Anonymous No.52445021]

>>52444879
You're a newfag you should have realized those are lowcaps and they'll sure pump. The ensuing bullrun will demonstrate this. Hold on to it

[Anonymous No.52445037]

>>52432836
I have 200k I want to put on vcwa etf. Should I wait for the recession to impact the market or dump it now?

[Anonymous No.52445056]

>>52444868
The former seems trending lately. If it's all about privacy, then welcome to the hub

[Anonymous No.52445379]

>>52445021
definitely not a newfag, but many of these tokens would not come out of their dump even after the bear market. that is why strong utility is so important

[Anonymous No.52445387]

>>52445056
privacy blockchains are taking the front row. another uncharted course is metaverse projects. they are coming back stronger. you mark these words

[Anonymous No.52445843]

>>52440686
Kek this.
OP is about to wipe out and lose 50% of his "early retirement" fund
>STOCKS ONLY GO UP BRO!!

[Anonymous No.52446830]

>>52445843
Just like real estate keke

[Anonymous No.52447285]

>>52433053
Go do your own shit. Well, crypto is best for me even though you fag call it ponzi. Invest in gaming projects and earn while you play. The likes of gamestar+

[Anonymous No.52447438]

>>52428926
This is the way to do it. You have to have high income. Being extremely cheap cannot get you there. Moving to a high CoL city can double your income while not increasing your expenses much if you get roommates and don't go out to restaurants bars all that often.

[Anonymous No.52447889]

vanguard lifestrategy 80 anon reporting in, any other cool ETFs you guys recommend?

[Anonymous No.52447939]

>>52429850
>OSCP
Listen to this man; he knows what's he's talking about.
>$12k/mo
Are you with Amazon by chance? I was prior and this was almost exactly what I netted with their security team.

[Anonymous No.52447942]

>>52428433
Life is expensive when you have a wife, kids, and a house. Our cars will be paid off in a few months and then I hope to be able to start saving and investing more. I’ll probably start putting money in a Roth IRA and of course in crypto, gotta get my 1k Chainlink.

[Anonymous No.52447965]

>>52447942
Based as fuck.

[Anonymous No.52448072]

"Extreme" retirement, by 30, is almost impossible without inheritance or some windfall. This coming from someone who was going FIRE until I got a huge windfall from crypto last year. Most high paying jobs don't ramp up for a while. I'm a programmer for example, I only made $62k out of college, only after 8 years did I break $400k. So I wasn't putting away that much money until my late 20s, but I was saving about $200k/year at that point so retiring by 40 could have been easily achieved.

[Anonymous No.52448573]

>>52432853
>Milan
The most westernized city in the EU? fucking why?

[Anonymous No.52448653]

>>52448072
>400k in late 20s
Jesus christ I missed the boat. I didn't get into a programming career until I was 29.

[Anonymous No.52448736]

How do you cunts stand doing corporate IT jobs?

I have a BSc in compsci and could work my way into a well paying software engineering or cybersecurity job if I really wanted to but having been a corporate IT wagie for a few years prior to quitting in 2021 it's all so soul crushing. Just the fake and gay "we're all a family" corporate culture, feeling like a cog in some globohomo company, the expectation that you're regularly studying certs outside of work hours (why can't I just do 40 hours motherfucker), staring at a screen all fucking day everyday, etc.

I don't care how much money I'm making, when I wake up everyday and feel like killing myself because the next 10 hours of your life are going to be consumed by the wagie cagie + associated travel it's not worth it.

>>52439394
I can sympathize senpai. I'm thinking about going into horticulture or permaculture type stuff even though it'll pay shit, I like growing things and would actually be happy doing that kek. I still like computers but I am not going to go back to the wage cage.

[Anonymous No.52449335]

>>52448736
You should work a manual labor job. It would put into perspective just how good IT workers have it.

[Anonymous No.52449437]

>>52449335
Such a faggy mindset
>You don't know how good you have it in the cage goy

[Anonymous No.52449473]

>>52449437
>>52449335

I actually agree with him. I worked a kitchen dishwasher and a warehouse job growing up and barely had any money to speak of, so getting to work from home for $100k+ is an absolute blessing in my mind. You're whining about trivial shit. Oh no, retards that I don't pay attention to are engaging in virtue signalling, I don't give a shit, I get paid six figures for like 6 hours of real work a week.

[Anonymous No.52449811]

>>52449437
Why do you think you deserve a good life for free with no work? That's the "faggy mindset" here. Maybe you wouldn't complain about office politics and how you are incapable of blending in with normal people if you worked a job where those are the last problems on your mind.
You strike me as someone who has never faced actual hardship at work. "wahhhh the normalfags abloo bloo bla bla" give your balls a tug you fucking fairie.

[Anonymous No.52449968]

>>52449811
Because the average industrialized worker, after just a few years of work, creates way more value than what it would take to build a shelter and feed themselves for the rest of their life. The vast majority of the value you create is siphoned from you, and the masses are manipulated into endless consumption and debt to keep them working away for the entirety of their lives. Debt and inflation created to prevent them from obtaining wealth or self sufficiency. If you don't have financial freedom, you are a slave, and if you aren't trying to figure out how to buy your freedom you're a cuck and are nothing more than peasant labor supporting an aristocrat class that lives off their investments - your labor.

[Anonymous No.52450025]

>>52449968

I'm not sure if this is organically following from the conversation you replied to, read again lol. I mean the whole premise of this thread is working towards early retirement, yes, doesn't mean we can't criticize retards who don't realize they have a 99.9th percentile job vs. the rest of the world.

[Anonymous No.52450079]

>>52450025
>Why do you think you deserve a good life for free with no work?
>You strike me as someone who has never faced actual hardship at work
"working hard" is a cuck mindset

[Anonymous No.52450111]

>>52450079

No, the point was you've clearly never experienced the actual depression and pain of a shit manual job if "corporate office politics" are the worst thing you can think of while waging. Again, we are all in here because we want to break free from the wage/consoom system but there is still good/bad/and worse in terms of job experience. People in IT have it seriously fucking good. Commoners have always been peasants, "DUDE THEY'RE EXPLOITING YOU" is an utterly moot point as there has never been a point in human history outside of maybe pre-agricultural society (which wasn't a part of history) where this wasn't the case.

[Anonymous No.52450157]

>>52450111
Who cares? If something sucks, it sucks, thinking like "at least I'm not a caveman" is stupid cope. But in fact, I'd argue, being a life long office drone is one of the worst fates in history because you don't even have a life or soul really. Its not physically painful, but its like never even living.

[Anonymous No.52450237]

>>52450157
You put it into words better than I did.

[Anonymous No.52450842]

Only sensible thread on biz. All the FIRE critics are chronically poor burger flippers who can't afford to save money and only see speculative bubbles as the only path to wealth.

I'll take a steady growth of a nest egg that produces tangible returns every quarter over wild gambling on digital tulips.

I only come to this shit hole board to laugh at crying cryptocucks posting their loss porn.

[Anonymous No.52450988]

>>52449335
physical torture is less effective than phycological torture

[Anonymous No.52451462]

>>52429746
>>52429864
is it feasible to study for net+/SEC certs with no degree, and go for OSCP? Or just go for OSCP first?
>no degree 32 terminally online will rope soon without direction

[Anonymous No.52451935]

>>52441854
So vibrant. Way better than rural America

[Anonymous No.52452296]

>>52444410
So 1 year of salary was the difference between you and retirement? What do you make, 500k?
Sorry, just genuinely don't see where 4 years of 25% really gets you into a FIRE position.

[oeyeg No.52454466]

>>52428617
>>52433816
>>52436215
redpill me on cybersec. I am SWE atm.
Is it worth switching?
Is there less competition?
Are the interviews easier?
What do you expect the job market to be like compared to SWE in the next 5-10 years?

[Anonymous No.52454820]

>>52454466
It seems like cyber is more secure from foreign competition especially with security clearance and due to nature of security less likely to suffer as badly from automation but that could go either way o a long enough timeline

[Anonymous No.52454855]

>>52441227

Working class people don't have a "lump sum" to work with, retard

[Anonymous No.52454868]

>>52428433
My mom does this and she’s the happiest, least stressed person I know. Lady had a small fortune in vanguard etfs and had never sold a single one.

[Anonymous No.52454890]

>>52450157

No it doesn't. Life really is in degrees. Black and white thinking is for 3 year olds. I will in fact settle for "good enough" because perfection is an impossibility. You're dooming yourself to dissatisfaction until death, sounds like hell to me, go ahead and kys. I know how privileged I am to be an American, and an American remote IT worker at that. This is as blessed as wagie life has ever gotten historically speaking.

[Anonymous No.52454977]

>>52454890
I've retired. I'm not dooming, that is reality. If you are content to work your entire life producing profits so your company can pay dividends to people like me, that's great. I'm talking about real people here, not wage slaves.

[Anonymous No.52454995]

>>52454977

I'm quite literally in an early retirement thread talking about how I'm working towards retiring early and decoupling from the wage system. You don't have to do that anymore, good for you faggot, meanwhile remote IT work is pretty much the peak of comfortable waging.

[Anonymous No.52455033]

Best dividend ETF?

[Anonymous No.52456267]

>>52445387
Metaverse projects definitely have a lot of potential for profits and I have eyes on holoride it's in-car edutainment experience

[Anonymous No.52457397]

Uuuuhhhh if ww3 occurs, the government collapses, or hyperinflation occurs what happens to my index funds?
>>52455033
Bump

[Anonymous No.52457419]

>>52428433
do vanguard etfs pays dividends?

[Anonymous No.52457422]

>>52428433
First of all fuck jannies, they are all cock sucking faggots who should be locked in a shipping container and tortured for years on end.
Second of all, the DCA into vanguard ETFs is a total heaping crock of shit.
I wasted so much time doing this and made exponentially more just fucking around with crypto and the better I got at risk managment, taking profit, timing entries, etc the more I made.
If you're going to go with ETFs despite the fact crypto is a much better asset class for making gains, at least go with SPXL.
It's worth the 1hr per day investment to learn + monitor your accounts. This idea that you have to be some ivy league educated faggot with a masters in corporate finance just to look at some moving averages and S/R lines is fucking retarded.
Here's a better game plan and I don't need to write a 300 page book about it how to do it.
>get a job
>get better at your job and get more money
>put your money in basic bitch crypto like BTC/ETH/ and some alts that aren't completely retarded like internet computer (that's an example of completely retarded btw)
>learn the basics of risk management and how to read a chart
>keep getting better at it
That's it, that's the whole thing. That's all you have to do. When you git gud you can take out long term fixed rate debt and use that to increase your gains as well.

[Anonymous No.52457617]

>>52457422
how much have you made? I imagine it's going to be several years before crypto takes off again. I agree, though. I'm partial to just keeping everything in cash and moving to crypto once things make sense or to build some sort of business in my line of work. Wouldn't doubt doing this is more fun and leads to more money, even if you fail a few times.

[Anonymous No.52458196]

>>52428433
I basically do this except I invest into real estate as my side hustle. Only use the stock market for 4401k and retirement accounts. Worked out great for me so far.

[Anonymous No.52458308]

>>52458196
Sounds fun, what's your real estate strategy?

[Anonymous No.52458338]

>>52428433
>Why don't you just invest in your skillsets
Because I'm always stuck thinking that my skillsets aren't good enough for people to want them, despite seeing others out there that have a lowerskill set profit on them.

[Anonymous No.52458617]

>>52457419
Ausfag here, I have a mix of VAS + VGS, the VAS pays 7% p.a so with $300k-400k in it you could technically retire and live like a hobo/never leave parents' basement. VGS pays absolute dogshit though at around 1% and with it's recent performance it is not living up to its reputation, but that's the macro environment for you at the moment.

[Anonymous No.52459380]

>>52457617
>moving to crypto once things make sense
Does this mean you're going to come back when the bullrun is in full swing?
>several years before crypto takes off again
This is when smart money is moving in, coming back once things makes sense is you coming in to buy smart money bags and get dumped on.

[Anonymous No.52459815]

>>52459380
things make sense once you see real innovation. This is what kicks off every bull run and it ends after things go retarded with meme projects and celebrities getting involved everyday

[Anonymous No.52459872]

>>52428433
My investing strategy
>Acorns auto investment/reoccurring investments for stocks
>reoccurring investments in some cryptos
>stacking of silver/gold

[Anonymous No.52459877]

>>52428926
Boring. I prefer to make 1k a day by trading futures and shitcoins while saving all of it because I don't pay rent or taxes.
In a few years I will own a small castle with a butler and a Royce.
Also wife and kids? Just pay a supermodel surrogate mother and keep fucking college girls on the side.

[Anonymous No.52459991]

>>52458308
Buy a house to live in myself, in a good area. I’m an agent so I save on commission and can throw low ball deals out all day. Then after some time I move to a new house and rent out the old one. Better tenants and better appreciation.

On my first house I also had roommates which helped. We’ll see where it goes from here but my first house alone made me a millionaire in equity. This works well because my wife and I have good w2 income but we will get tired of moving around so much so might just buy houses directly as rentals.

[Anonymous No.52460683]

Isnt there gonna be a giant economic collapse soon?

[Anonymous No.52461293]

>>52459815
just stfu already faggot no one cares

[Anonymous No.52461313]

>>52452296
>So 1 year of salary was the difference between you and retirement?
Yes
>What do you make, 500k?
No. If I did I'd have only worked 10 years.
>Sorry, just genuinely don't see where 4 years of 25% really gets you into a FIRE position.
I adjusted my amounts up and down over the years. Probably averaged in the 12-15% range.

Everything I own is paid off, therefore I do not need to bring in a large amount of money per year. I'm doing a sub $10k annual for the last 1.5 years and through next year. Unless I get lazy or BTC takes off. Then I might up it into the lower mid $20k -35k

[Anonymous No.52461531]

>>52459877
I like how a three fund portfolio is boring. It doesn't take up much time.

The 5% day last week was around equivalent to maybe 30 times my daily waging. I can focus on my family, exercise, improving my waging.

[Anonymous No.52461596]

Based anon understands FIRE principals of savings % of income.

For the rest of you jeets, the golden rule is if you invest 50% of your take home income, you will retire in 17 years. Start at 22, finish at 39. Or if you prefer, invest 66% and retire at 32.

Let's try stating that a few different ways because smooth brain dumbshits can't seem to wrap their mind around it.

> It doesn't matter the actual dollar amount, the only thing that matters is invested amount vs. spending amount
> You can retire with $100 if you spend $1 per year
> Oh ok, but I spend $40,000 a year as a single male who spends time on 4chan
> So when you RETIRE, you spend the SAME AMOUNT $40,000/yr (you aint rich suddenly), and dividends from STOCKS/BONDS pay that instead of your wagie cuck job.
> This biggest problem people have is SPENDING MORE FUCKING MONEY as they get used to nicer things.

Yes there are sacrifices, yes you will need to adjust your lame ass life. New job, old car, lower COL area. But wouldn't you rather not wagecuck for 50 years?

https://www.playingwithfire.co/retirementcalculator

Source: Supporting a family on 50k/yr, investing the other 50k. Feel free to ignore me and keep losing money on whale games in crypto. Protip: you're not the whale, and you'll always lose.

[Anonymous No.52461718]

>>52461596
I'm already 32 and have a nw of $5k in crypto and $60k of debt but live with my parents and they're ok with me living here forever. Crypto is my only hope.

[Anonymous No.52461827]

>>52441931
...... this actually makes me feel nostalgic ..... lmao

[Anonymous No.52461906]

>>52428433
I don't want boomer gains. I want Fringe Finance to hit $1 do I can have fuck you money.

[Anonymous No.52461909]

>>52461718
Whats the annual interest rate on the debt? Anything less than current inflation numbers and you're being paid to owe people money.

If it's student loans => delay delay delay, that money is better in the market than it is paying off your 5% debt.

If it's credit card => pay pay pay, you're getting fucked out the ass at 20%. Sell drugs if you have to, do not carry credit card debt ever.

Medical? Delay, play games with your taxes to bring AGI down as much as possible and apply for medicare/medicaide benefits, putting you at 0% liability for that debt until you earn money. Are you in a red state? Move to a blue state you idiot, california will cover your healthcare, nullify your debt payments (principle will still carry), and pay you unemployment until you get on your feet for a fucking YEAR.

Private Loan? Yeah that was dumb, work it into the budget.

Car Loan? Upside down? Probably impossible to be upside down in this market, but dump the car ASAP and eat the cost. You won't get out of this besides bankruptcy.

HELOC? Fuck it, dump the house. Nebraska, Vermont, and Ohio will literally pay you $10k to move there instead.

Know the system, work the system. If the loans are in any way secured by the gvt (like student loans), it's always based on your reported taxable income which you can bring PRACTICALLY TO ZERO by deductions, not to mention tax credits.

You aren't fucked anon, you just haven't seen the light yet.

If you haven't tax-loss-harvested your crypto yet for that sweet $3k income credit, nows the time.

[Anonymous No.52462484]

>>52428433
Give the Jew your money. Fisker requests it.

[Anonymous No.52462602]

What do I do, Anons? My job wasnt paying enough to get me through law school and I'm a retard so I started selling drugs. Got caught and have a major (Level 3) felony and am on house arrest. I'm 24 and only have 15k saved. I make like 50k a year.

[Anonymous No.52462719]

>>52461909
Ok, I've just been demoralised by all the events these past few months. After some digging I found an old brokerage account with $10k (was around 8k initially) in it which I forgot about after getting hyped up on crypto. I then got convinced by my parents to dump all my income into their mortgage offset account so I have around $120k there that they won't let me touch because they and my sister also have money in there and everything is mixed up.
My $60k in debt is student debt and the rates have fluctuated wildly anything between 0.5% and 4% each year.
What should I be doing in this situation? I'm currently just blowing my money away in any investments or savings accounts that make sense. I managed to convince my parents I wouldn't be putting any more cash in the mortgage account since it is almost paid off anyway.

[Anonymous No.52462771]

>>52462719
>then
I mean I started depositing money into the offset account after buying my first ETF. Not today.

[Anonymous No.52463649]

>>52428433
I already have my head in whatever shit dextools comes out with, my skills or my potential don't matter
I won't achieve anything to make my mark on the world anyways

[Anonymous No.52463782]

>>52428433
>Why don't you just invest in your skillsets and DCA as much of your paychecks as you can to Vanguard ETFs?
cause im not a retarded pussy faggot like OP

[Anonymous No.52463941]

>>52463782
What is your net worth?

[Anonymous No.52464686]

>>52462602
>I'm 24 and only have 15k saved. I make like 50k a year.
Seems like you've got decent savings and the ability to generate more savings
>Got caught and have a major (Level 3) felony
Women love men with criminal records. Invite some to your house and fuck

[Anonymous No.52465490]

>>52428433
>I don't need to time the market or stress on anything I can't control, just building my engineering/IT skills and income
I'm doing something similar while I have enough time to have fun game nights with my family on GameStarplus Boardgame streaming platform. Life is good when you have your shits all figured out and things are working as planned.

[Anonymous No.52465588]

>>52444657
Just go where the smart money goes, be early and get a large portion of your bag out before the market turns to shit again. I'm strategically following top names like Steve Harvey, Bakari Sellers, and the Faculty group right now to invest in whatever they are throwing their money on.

[Anonymous No.52466173]

>>52461596
The problem a lot of the FIRE disciples is that they over focus on saving and under focus on income.
A person can save 100% of their income but if it's only $20k they're going to have to sacrifice a lot without much to show for it. On the other hand is a person earns $200k and saves 10% they probably wouldn't even notice it.
If I could go back the one thing I would focus on is getting higher income because you have to do so much other bullshit to compensate for not having it.
>>52462719
>what should I be doing in this situation
Praying

[Anonymous No.52466177]

>>52465588
Add to that list Robert Kiyosaki

[Anonymous No.52468040]

>>52465588
>>52466177
what are these guys currently doing in the market?

[Anonymous No.52468556]

>>52465588
>>52466177
>>52468040
You guys are trolling, right?

[Anonymous No.52469196]

>>52466173
This is true. There are only so many dollars to go around, and you need to eat.

>>52462719
Student loans feel like a burden but can be delayed for decades without accruing interest. No income? Sign up for income based repayment ASAP, and your required payment is $0. This will last you a year AFTER payments resume and EVEN IF you get a sweet ass high paying job. Yes it'll accrue interest, and maybe consider paying that off each month ($200) while the rest of your money is in index funds.

Paying into someone else's mortgage was a pretty dumb idea, but now you know.

You should be leveling up your skills while your living situation is stable, and putting as much as possible into S&P500 trackers (FXAIX for example). Never bet against the Fed. Max your 401k and Roth contributions in that order (401k removes from AGI taxed amount, which feeds into keeping your student loan payments low).

Keep enough in a savings account to move across the country & cover 3 to 6 months of expenses. $4000 is a comfy amount for a solo male. Now you get ONE credit card and pay it off IN FULL EVERY MONTH, and the credit card benefits give you either travel or cash back, along with consumer protections.

Easiest way to more money => new job.

Congrats, now you are carrying debt, but it doesn't matter. You have a safety net (the 4k), and a bigger but slower safety net (401k, Roth, other Investments) which you can either take loans against or withdraw from in case of catastrophic events. Every time you spend money (CC) you get money back, and to the tax man you're only making ~$20k a year, getting $3k back in tax loss harvested crypto + the full deduction is bringing your tax burden to 0.

Oh yeah, those student loan payments? They're deductible too.

You are now playing the game. You are in your lane, flourishing. Your finances are comfy, your retirement is 15 years out, and you are picking up sweet new skills for your sweet new job. Adventure awaits.

[Anonymous No.52471563]

>>52464686
>Seems like you've got decent savings and the ability to generate more savings
I guess youre right, as only 1 year ago I had NO money literally negative 5k at nearly 30% interest. I just feel shame at not being able to finish my goal & of the stigma of not completing, school, being a felon as well as being a well spoken, handsome and intelligent white male. I only make 50k and I feel stagnant. There are no easy next steps for anyone and I made everything 1000x harder for myself.
>Women love men with criminal records. Invite some to your house and fuck
This is fucking very true. I like to tell them very early on, so as to prevent them thinking I 'led' them on or w.e and sometimes they dont respond but 90% of the time I get a response along the lines of "thats hottt" or "oo youre a bad boy" or "youre on house arrest thats good so u cant cheat on me!" kek