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/biz/ - Business & Finance

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52727082 No.52727082 [Reply] [Original]

>dad is worth like 5 million USD
>larps as middle class
Do any of your dads do this

>> No.52727090

whats wrong with that?

>> No.52727099 [DELETED] 
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52727099

>>52727082
>>dad is worth like 5 million USD
>>larps as middle class
>Do any of your dads do this

>> No.52727101

>>52727082
He was probably trying to stop you from being a snobby kid that brags about daddy’s money.

>> No.52727114

>>52727099
My dad once called his mother a jew for being stingy kek
But we aren't joos

>> No.52727115

Tf does larping as middle class even mean

>> No.52727121

>>52727082
>larps
your dad has barely entered middle class at 5MM nw

>> No.52727128

>>52727082
5m is middle class.

>> No.52727130

>>52727115
He says shit like "I'll never be a millionaire"

>>52727121
We're thirdies so this is top 0.01%

>> No.52727140

>>52727130
ew dirty 3rd worlder

>> No.52727151

>>52727090
They're bourgeoise trash. Nobody likes the middle class.

>> No.52727153

It's not a larp, OP. 5 million is enough not to have to wage for a living but you still need to budget if you don't want to become poor, it's not maids and lambo money.

>> No.52727170

>>52727130
My friends dad made 1M selling a property in his third world shithole.
Unfortunately he has 12 kids and my friend is kind of a leech so he’s running dry while his kids treat him like shit calling him a stingy old man. Worst part is the whole senpai is from a very humble part of the country but money completely tore them apart, all of my friends sisters have spent thousands in plastic surgeries, all the men are alcoholics and they’re all a couple thousand dollars from shitting the bed

>> No.52727182

>>52727153
Well here in thirdie land everyone in the upper mididle class does have a maid it's not expensive desu I've had maids all my life

>> No.52727183
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52727183

Rich enough to live the monopoly man lifestyle without fear is 10 mil and up btw.

>> No.52727187

>>52727182
Yeah, but you're third world. In America maids are expensive and not worth it for most people

>> No.52727195

>>52727153
You don’t need to have much of a budget. $5 million will still give you a safe $200k withdrawal rate.

>> No.52727212

>>52727195
>$5 million will still give you a safe $200k withdrawal rate
false

>> No.52727238

>>52727212
Life must be very hard for you being this retarded.

>> No.52727248

>>52727130
>We're thirdies
>being brown
ngmi

>> No.52727259

>>52727115
Fr fr no cap zoomie?

>> No.52727265

>>52727082
$5 million is barely enough to earn like $200k in passive income and live a comfortable middle class lifestyle without having to work. Obviously it's not middle class in terms of wealth but it is wise to live like a middle class person to preserve the wealth and stay financially independent.

>> No.52727277

>>52727212
fucking dumbass. if you cant do 4% then theres something incredibly wrong with you

>> No.52727291

>>52727082
My dad grew up decidedly working class and still acts like it. However, he married into wealth as my mom's parents have a collective net worth of $50 million +. Guy can't shake his frugality (and instilled much of it in me) even though we are financially set.

>> No.52727319

>>52727082
Ask me how I know you're a female.

>> No.52727325

>>52727082
You're lying. Your dad ain't shit thats why you also ain't shit

>> No.52727334

>>52727319
I'm not
>>52727325
My dad is high IQ and a hard worker and I'm a retard subhuman

>> No.52727358
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52727358

>>52727334
tits or GTFO.

>> No.52727389

>>52727082
Daily reminder that your class doesn't have anything to do with your bank account.
A rich drug dealer is not upper class.
A Yorkshire coal miner who buys several fast food franchises is not middle class.
A man with several PhDs who drops out of society and lives in poverty while he translates ancient Greek poets is not lower class.
You don't change your class if your income fluctuates for a few years from the bottom quintile to the top or vice versa.
Class is a mentality.

>> No.52727391

>>52727082
when i was a kid watching sportsball on tv, my dad would walk in the room, pause, and say "oh hey i could have gotten great seats to that from work" then leave the room. he did this like a dozen times over my formative years.

>> No.52727415

>>52727212
US 6 month T-bills yield 4.7% GUARANTEED. Maybe you should learn a thing or two before you waste your time on the finance board.

>> No.52727421

>>52727391
And now you understand the value of work.

>> No.52727601

>>52727153
5 mill at 100k a year is 50 years worth of work which is enough to neet and raise a family even. maids lambo money is probably 10m +

>> No.52727612

>>52727082
That is middle class lol. Everyone wants to think they're middle class but middle class is just an ok retirement. Lower class is no retirement (<$2m).

Upper class is at least $20m

Middle class basically deosnt exist any more. Youre either insanely rich or dirt poor.

>> No.52727617

>>52727130
oh didnt see you said you live in the third world, then yeah you are insanely rich GL with that
Cost of living has gotten insane in america where 2m is barely enough for a house in big cities.

>> No.52727638

>>52727612
5 million? 5 is the worst pal, you're the weakest strong man at the circus.

>> No.52727838
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52727838

>Literally hit 7 fig net worth with self owned business value in 20s.
>Hit portfolio net worth 7 figs for a while in 30s before most recent downturn
>literally tell no one except those closest to me (who are about as rich) and larp as lower middle class
People knowing you're rich does nothing.
It brings not benefits and only downsides.
More greedy fucks, gold diggers, and people's expectations for you to pay for shit.


Also OP's a fucking retard. It's even more the case for dads. They already have leaches like OP, OP's mom, and whatever other pets/children/cars/homes/lifestyles they have to pay for. OP's so fucking stupid he doesn't even realize he wouldn't have a dad if his dad was the type to flex his money.

>> No.52728152

>>52727389
>several PhDs
Dead giveaway of being a LARPing pleb.

>> No.52728686

>>52727170
Flipland?

>> No.52728731

>>52727612
Idk what thirdworld country he lives in, but in argentina, 1m nw is "the weakest strong man in the circus". Upper middle class. Thats what i am. 1m here is 2 very nice houses, 2 nice apartments, a little farmland and a little parking lot in the city. This is enough to earn around 15 times cost of living just on rent. If youre around 5m here, yes you might not be flexing lambos and shit because its stupid but no way thats middle class.

>> No.52728744

>>52727082
5 million is middle class you fucking sweet summer child. The average zoomer will need 3 million just to retire.

>> No.52728766

>>52727389
Class is something you are born with.

>> No.52728769

>>52727212
>https://en.wikipedia.org/wiki/Trinity_study

>> No.52728810

>>52727101
This.
Also $5 million is middle class.
Dad worked to get money?
Middle class then.

>> No.52728963

>>52727130

sounds like survival instincts. 5m is not enough for security 24/7 but is enough to get violently robbed for acting rich

>> No.52728994

>>52727183
back in '08 it was 5mil. inflation is a bitch.

>> No.52729005

>>52727212
>1pbtid
>gets BTFO
Pottery

>> No.52729061

>>52727082
$5 million is squarely middle class, smoothbrain.

>> No.52729237

>>52727082
>Is worth
So he has one or two houses probably? No wonder he says he will never be a millionare. He means having a million cash probably, hes right though

>> No.52729289

>>52727101
this

>> No.52729340

>>52729061
>>52727121
>>52727128
>>52727265
retards
the AVERAGE net worth of the american middle class guy is between $43,760 and $201,800, and that's counting real estate (minus mortgage). The median is even lower.

https://www.thebalancemoney.com/american-middle-class-net-worth-3973493

>> No.52729995

>>52727130
If the wealth is tied up in phony things like crypto and tech companies, he might as well consider himself not a millionaire.

>> No.52730053

>>52729340
>the AVERAGE net worth
Irrelevant. There are only two classes: labor and capital. People with a mere $5 million net worth have generally earned it through labor.

>> No.52730056

$5m for some grandpa in retirement is middle class lmao. Don't get ahead of yourself kid.

>> No.52730066

>>52727265
Your dumb and clearly doing it wrong.
Stop giving "advice".

>> No.52730158

Everyone does. Marketing is actually aware of this, they try very hard to market upper class products as "middle class" even as they target the upper class, it's a very strange phenomenon. It's part of American culture, you want to feel like the yeoman farmer/"small business owner"/rugged individualist which is hard to do if you're filthy fucking rich and have no obligation to lift a finger for the rest of your life

>> No.52730311

>>52729340
>between $43,760 and $201,800
Thats like 20% at like above 2 or 3 mil and 80% around 0 or in some debt.
Always love an entire thread full of mutts scoffing at 5 million.

>> No.52730329

>>52727153
>but you still need to budget if you don't want to become poor
5 million in VOO will net 80k annually in qualified dividends alone, surely that is enough isn't it? One wouldn't even have to touch the principle.

>> No.52730335

>>52727151
Go to reddit.

>> No.52730340
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52730340

>>52727115
Grilling cow fat and eating goy slop.
Op is a fucking faggot.

>> No.52730348

>>52727082
5 mill IS middle class

>> No.52730354

>>52727153
>5 million
Wouldn't matter, mutts will blow through it.
I'd rather 6 million to leave north America.
Let these fags raise taxes for ever.

>> No.52730355

>>52727082
Your dad is literally middle class
Poor people are under $100k
You question homelessness on a REGULAR BASIS under $50k, anything less than that, is actual, homeless wages. Can't even afford rent.

The goalposts have significantly shifted bros. It's getting bad out there. By 2040 if you make less than $1m annually you will be forced to enjoy podliving in the ghetto or try a box under a bridge.

>> No.52730362

>>52727265
>Spends more than needed.
Okay.

>> No.52730373

>>52727334
>I'm a retard subhuman
Well you can add honest to that too.

>> No.52730376
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52730376

>>52727130
>has a million dollars
>"I'll never be a millionaire"

>> No.52730395

>>52727082
My dad is worth many millions, well known local business owner. He wears free t-shirts, gym shorts and Walmart sneakers pretty much exclusively. He drinks only water, Folgers coffee and Busch beer.

He bought the clothes on my back and paid for my college tuition and gave me 10k gift for my first house down payment but has otherwise given me jack shit. He is nearly 70 and refuses to discuss his finances with me and my siblings because ‘it’s none of our business’ even though we are his sole heirs.

I should be resentful but he is incredibly based and actually sets a good example of living your values and not giving in to social pressure.

>> No.52730404

>>52727082
5 million is not enough to be anything else than middle class in developped countries. Go back to your country, there you can larp as a rich bloke.

>> No.52730425

>>52730395
>I should be resentful but he is incredibly based and actually sets a good example of living your values and not giving in to social pressure.
And how to make things as difficult as possible for your kids while your savings get devalued by inflation. Because, bootstraps. Easy come. Easy go.

>> No.52730440

>>52729340
>https://www.thebalancemoney.com/american-middle-class-net-worth-3973493
Surely the figures must be higher after all the money printing that occurred?

>> No.52730449

>>52727082
5 million in assets? or 5 million liquid?

>> No.52730450

>>52730425
He gave him the down payment on a house bro
If that's bootstraps then you are a soft hands faggot on some real shit

>> No.52730464

>>52730450
10k is nothing.

>> No.52730474

>>52727082
My dad literally works at Nintendo

>> No.52730492

>>52730425
He is a reliable counter-cyclical investor. He made most of his money by having cash in 2008 to buy defunct housing developments. Then he sold them for 6x 5 years later. He’s all cash now and waiting for cheapies again.
>>52730464
Heh he only gave it to us to help us get to 20% down to avoid PMI because he thinks that shit is a scam.

>> No.52730495

>>52728963
This. OP's dad is smart.

>> No.52730518

>>52727082
5 mill is middle class. 1 mill is lower middle class now a days.

>> No.52730519

>>52730464
My dad literally just paid me in beatings and my mom shot up dope, I received nothing, I dropped out at 16 and made myself, and I don't cry as much as you suburbanite soft hand faggots do either.
>Wah my dad only gave me $10k!!!!
>Wah my dad got me a lame ass new car so I just keep driving his to school LOL
Suburb kids are literally the softest faggots in this country, when I have kids, I don't want them to live around the same niggers I did in the city but holy FUCK I don't want them growing up around you tranny fucks either.

>> No.52730526

>>52730519
10k is literally nothing and your dad being a peace of shit did not make you strong, he just made you a whining faggot on the internet.

>> No.52730532

How is 5 million only middle class? Unless one's primary real estate is also being counted?

>> No.52730538

>>52727101
this, I've often considered if I became wealthy how I would raise my kids and being middle-lower class until they're 18 seems like a good way to do it, not poor but not in the upper social bullshit either. proper nutrition of course and a school that isn't filled to the brim with niggers. I would say homeschool but it socially stunts you as I've learned from doing it all through highschool

>> No.52730611

>>52730526
Nah I just love to give you suburb kids some perspective
There's literally so much I could whine about but I don't because I'm more of a man than you wish you could ever be
The only thing I'll continue complaining about is how at least at inner city schools, faggotry was never tolerated, not even a little. If you are even slightly gay you get torn to shreds. As I've gotten older it is NOTICEABLE that suburb kids are literally the softest and most bitch handed faggots ever. Full of faggotry and other bored white people shit (I'm white). And I'm struggling with wanting to give my future kids a better life in the suburbs but risking them becoming faggots like you kids who think a $10k handout is "bullshit"

You got anything... Your parents owe you NOTHING. That's the premise of my conversation here. You are owed nothing in this life and the fact that so many of you are coddled by your parents is exactly what's wrong with this fucking country.

>> No.52730711

>>52730519
For every one like you that made something of himself in that circumstance theres 90 doing some dead end job to barely scrape by and like 9 in some untimely grave.
Generational wealth doesnt have to mean millions, it can be just a simple apartment next to that university, or the appropriate car at appropriate time, or the fund to live on for a year or two while you're doing some course, or the travel ticket to that lucky destination where you meet that rich young woman, etc.
Being retarded like a nigger and running away from your kids, or being a dumb boomer not using your wealth to setup your children as best as you can, is dumber than a brick.
Especially now that the golden age is over and a strong handshake and pulling up for bootstraps can get you a cock and nutz combo.

>> No.52730906

>>52727082
Based, never flaunt your money unless you want to attract the worst kind of parasites

>> No.52730984

>>52727082
Yeah, constantly. Drives a shitbox too, and told me he had nothing when I was younger and I'd get no inheritance. He was lying ofc, but didn't want me growing up expecting it.

>> No.52731023

>>52727082

there have only ever been two classes, ruling class and worker class. your dad is correctly identifying with the latter

>> No.52731037
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52731037

>$5m is literally nothing
It's fucking over.

>> No.52731181

>>52729995
>If the wealth is tied up in phony things like crypto and tech companies, he might as well consider himself not a millionaire.
Exactly, my guess is that he own mostly land and he doesn't consider himself a millionaire because he doesn't have a million in cash in the bank and probably has very little passive income.

>> No.52731338

>>52727082
Mine was a blue collar retard that saved/invested zero throughout his life. Married a gold digger after my mom left him, got his inheritance and now she's making him larp as upper class. Their money is now almost gone and the house that's been in my family for five generations is going to her and her mutt kids leaving me with nothing. He's probably the biggest cuck that ever lived and I've disowned them already

>> No.52732279

>>52730395
it's none of your business, go make your own money
>inb4 schizophrenic cope about da jooooooz

>> No.52733186

>>52727838
Based Goblin Slayer entrepreneur. I too wish to one day be rich off a business and larp as a hobo.

>> No.52733266

>>52729340
This article is almost a year old, double those numbers.

>> No.52733412

I am close to 1mil as a 3rd worlder as well OP. I have enough for maybe 1 decent apartment and 1 car, and I've never felt poorer. I swear I'd be happier with 1/10th of that. 30yo btw. Your dad is right.

>> No.52733459

>>52727082
>dad is a wageslave
>larps as middle class
Everyone larps as middle class. The upper and lower classes got so demonized over the last few hundred years that they had to make up a class that doesn't even barely exist with the best qualities of each and no downsides so everyone could cope. No reason to post exasperated.jpg about it.

>> No.52733554

>>52727082
Your dad -is- middle class, silly anon.

>> No.52733631

>>52727151
This is actually what commies always do. Despite the power to the workers larp they destroy the middle class, make everyone poor and centralize power in the hands of the few.

>> No.52733637

>>52730053
>There are only two classes: labor and capital
nobody gives a shit about your arbitrary definition of class. 5M is not middle class

>> No.52733736

>>52730519
>just paid me in beatings
stockholm syndrome of the guy defending his shitty parents
>>52730611
kek you talk exactly like someone who was beaten up as a kid and isn't realizing the damage yet. people growing up in non-violent functional homes do not become violent, they are normal, what you call "BEING A SOFT FAGGOT". you only understand violence because you were born in it, molden by it, like a literal ghetto nog. do not even think for one second that your supposed toughness is a desirable trait. you're psychologically messed up.
>Your parents owe you NOTHING
i'm sorry your parents didn't love you

>> No.52733739

>>52727389
These idiots confuse income levels with class. They were all brainwashed by the Marxists and don't even know it.
Cultural capital and social capital means nothing to them.

>> No.52733810

>>52733637
>arbitrary definition
That's you. The only real distinction is between those who trade their time for money and those who live off capital.

>> No.52733835

>>52730611
Kek I remember when I was a kid if there was even a hint of being a fag it was the greatest insult and kids would get taped to the walls and shoved in lockers. I currently live near a major city and it's hilarious to see the reactions of zoomers that discover that was reality not but 10 years ago and 50 miles up the road

>> No.52735635
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52735635

Wonder what kind of net worths the retards that always chime in with
“1-5 million is nothing/middle class”
have.

It’s probably some kind of rationalization as they’ll never come
close to attaining it so they have to make glib remarks to downplay the achievement and rarity.

>> No.52735652

>>52727082
demoralization thread to concern-post about 5mil being middle class

slide

>> No.52735658

>>52727082
I have an uncle who scammed 2.7 million in PPP loans. He lives in a middle class neighborhood and praises hard work on facebook. Didn't realize this until I checked the PPP loan website.

>> No.52736223
File: 309 KB, 512x512, 1663568399900245.png [View same] [iqdb] [saucenao] [google]
52736223

>>52727082
>work at amazon for $18.40
>have a house
>have a rental property
>both paid off
>feel bredy good about myself
>meet old boomer at work.
>he's canadian
>him and his brother own a $50,000,000 dollar business in which they train doctors
>business runs itself
>he only works there because he has too much time on his hands and to buy gifts to his granddaughters.
>mfw

>> No.52736267

>>52727612
Gordon Ramsy would like a word with you

>> No.52736407

>>52727101
my dad never told me how much money he had and it's probably one of the only things he did right in raising me

>> No.52737883

>>52730611
>Your parents owe you NOTHING.
Lol. Lmao

>> No.52738281

Mine larps as being poor, it's unbelievable. Nigger cries over grocery prices

>> No.52738313

>i've estimated my dad's net worth at around 7 million
>he is retired through a public retirement system
>he still works
>lives like he's poor
>ask him why
>if i don't your mother will bankrupt me