/biz/ - Business & Finance

[Anonymous No.53027203]

I won the lottery back in 2020, and after paying the taxes I got 1.3 mil out of the whole fucking thing which is great cause im a loser neet with no aspirations.

In two years I managed to spent 300k somehow. I have just over 1 mil left and im kind of scared im gonna go back to being broke again except this time itll be worse because

>moved out of parents house
>can easily get homeless
>no job, just living off savings

I mean I was a depressed loser with suicidal ideations before I won some money, and I never got out of that mindset. What should I do? Honestly should I just take the suicidepill (aka cyanide) ?

[Anonymous No.53027259]

>>53027203
I'm about to be homeless and I'm not scared I'm gonna live in my car and stack cash that I don't have to spend on rent anymore and here u are with 1 million complaining. I study and make music every single day for the love of the craft I could put that money to better use then you

[Anonymous No.53027262]

>>53027203
Why would you kill yourself now?

You can still live 10-20 years on that money, fly to Eastern Europe and bang a couple of 10/10 for a few weeks every year before you kill yourself.

[Anonymous No.53027285]

Send me 250k to pay off my condo and you can come live here for free for the next 10 years. Think of it as an investment in your future.

[Anonymous No.53027288]

>>53027262
Although anon in some ways I can relate. I lost $5mn over the last 1.5 years. I have never felt so poor and dumb as I do now. Losing a lot of money is like seeing the world turn from colorful to gray, it just isn't as fun and exciting as it was before. And this despite that I still have a job paying $175k and a net worth of about $2mn, yet I have never felt so poor in my life and contemplated suicide as well. But then I think about all the whores turning 18 every year that need to get fucked and prevent my from suiciding.

[Anonymous No.53027347]

>>53027288
> thinking suicide over kike numbers (money)
> driven by vagina not to suicide
you are absolutely pathetic. goy cattle with no soul, just the way kikes want you to be.

[Satoshi Nakamoto No.53027395]

>>53027203
Email me your money and I will give you good advice on what to do

[Anonymous No.53027420]

>>53027395
>Email me your money
huh!?!

[Anonymous No.53027492]

buy a cheap condo and uber it out until you get mentally ready to go to college or trade school.

be a plumber or some shit.

[Anonymous No.53027503]

>>53027203
if you were smart you'd use at least 50% of what you have left (so rougly 500k) to buy more lottery tickets

If you have enough tickets its almost impossible to lose, and apparently you are already lucky that you won before. So if you done it once you could do it again

[Anonymous No.53027509]

>>53027492
i already have a degree (unironically) in art. My parents railroaded me into getting into an ez degree that caters to autism, but straight after college (right about the lottery win) they stopped paying for my shit. I tried doing some art classes again to occupy my time but school isnt for me anymore, sitting down and being given homework just doesnt appeal to me anymore. Im 26 years old.

[Anonymous No.53027525]

>>53027203
If you kill yourself give me 150k
Or swing trade all of it and risk it.
You could buy 4chan and release the contained power over the internet

[Anonymous No.53027651]

>>53027203
put it in a monthly dividend etf and you can live a comfy neet lifestyle for life

[Anonymous No.53027754]

>>53027503
>if you were smart you'd use at least 50% of what you have left (so rougly 500k) to buy more lottery tickets
>If you have enough tickets its almost impossible to lose, and apparently you are already lucky that you won before. So if you done it once you could do it again
No

[Anonymous No.53027789]

>>53027492
Unironically this. I’m going back to school for a masters coming up here and have a burn rate setup, unfortunately renting so I wish I could be in your position, but buy a condo, rent a room out for cash flow and for social accountability with a roommate, take up whatever self-improvement lifestyle to heart that you want to and just be diligent about it. Also, buy a dog, that will give you something to be responsible about and give you an excuse to go do social things, walk around your neighborhood, teach it tricks, pick up women.

If your burn rate is near neutral (room mate rent and odd jobs/gigs/min wage job - physical labor is the best while you’re young) you have time to figure out what you want to do.

[Anonymous No.53027961]

>>53027509

Bro I’m 28 with a liberal arts BA. Got one because I didn’t know wtf I was doing in life and my parents paid for it.

Been wandering around, “done with school”, until a family friend mentioned substitute teaching.

With sub teaching you go where called until a school likes you and you become a “house sub”. 90 percent of public schools can get aids but my place has good kids, and as corny as it sounds, I like helping them out.

It’s made me wanna get my masters and be a teacher.

That’s my path in life though (maybe) not yours.

The point is, you gotta go out there and try shit.

You have a leg up in life, buy a cheap condo with cash so you’ll never be homeless, and just start looking for a field you might be interested in.

In the meantime, you’re still 26, get a delivery job in a restaurant, don’t be an autistic monkey, and flirt with waitresses.

Also

Death to Isreal.

[Anonymous No.53027972]

>>53027961
>don’t be an autistic monkey,
im literally autistic anon. Normie-passing since I dont look like a sped, but im borderline socially retarded, just tipping towards quirky but likeable idiot

[Anonymous No.53028218]

Buy an apartment and rent it out, fool.

[Anonymous No.53028239]

>>53027203
if I won the lottery i'd just slurp a motherfuck ton of anime waifu figures for my hentai toy store

[Anonymous No.53028490]

>>53027651
this

dump it into some vanguard etf with dividends and you'll be set for life, that's what i'd if i had your luck

[Anonymous No.53028569]

>>53027203
you have a mil in cash tax free and the self-awareness to realize you could still go broke if you don't get your finances in control. first, what did you spend the $300k on? you said you moved out of your parents house. if you spent it on a house this isn't a big deal. if you spent it on partying for 2 years wasted a lot of money.

first is you need to lock down a place to live. now fuck whatever is being said about a housing bubble, or property being an illiquid investment. housing has utility value (you can live in it) and that value doesn't fluctuate with market conditions. also you're retarded with money so locking up a good chunk of your money in real estate for a good long time isn't a bad idea.

you can get a nice house in a lot of areas for around $4-500,000. look for something you like around that price range. or go to any realtor in a city you like and say you want to buy cash around that price range and need help looking for a home, they'll show you listings. just buy the thing outright 100% down.

now after this calculate 20 years of property tax payments, utility payments, home insurance payments, and health insurance payments. put this in a monthly dividend ETF earning over 5% annually. pay these bills off with the dividend money.

get some guns, nice stuff for your house, water filters etc., so you can be comfy. you now have a position of nothing being able to really fuck you up, and probably 200-300k left over.

this is money you can continue to be a retard with while you find something to do with your art degree, but you're going to need to eventually. the good thing is even if it's a shitty paying job you'll already have most major expenses taken care of and can put that money to lifestyle stuff, car, etc.

base whatever car you buy on the income you get from your actual job. don't spend more than 15% of your income on car and auto insurance payments. if that means you drive a 1999 jetta then drive a 1999 jetta.

[Anonymous No.53028678]

>>53027203
get a job and start spending your savings irresponsibly, my first month living alone, I put half of my salary in xor and the other part I used to live on (eating rice everyday ofc), I think you will be more comfortable if you just work to have a plan b

[Anonymous No.53028719]

>>53027203
>300k in two years
What the fuck did you buy?

[Anonymous No.53028780]

>>53027259
I want to do this but how do you plan to shit

[Anonymous No.53028798]

>>53027203
I'll keep my plan investing in lottery tickets, I'm gonna make it someday

[Anonymous No.53028824]

>>53027203
People playing lotto are unable to manage money by definition. Everyone with a brain doesn‘t play it. Your best bet is to pay someone to invest your money for you. Someone who actually knows shit, a legit dude.
Or you just spend everything on more lottery tickets like countless losers before you.

[Anonymous No.53028855]

>>53027259
God this guy is so based and determined look at that fucking mindset bro called GETTING THE BAG NO MATTER WHAT you just fucking KNOW he's gonna make it

[Anonymous No.53031185]

>>53028824

[Anonymous No.53031204]

>>53027288
kek, I hope you die a painful death you greedy pig. You lost money because you got greedy

[Anonymous No.53031294]

>>53027203
how did you spend 300k in two years lmfao

[Anonymous No.53031303]

>>53027203
You should buy 4chan and lock site admin away from everyone. Then livestream commit sudoku on the front page. Stop being a faggot and become a legend.

[Anonymous No.53033434]

>>53028569
best advice in the thread, although spending $500k on a house seems unnecessary. If he's planning to live by himself, he can easily find high quality 2/1 style houses for $200k even in nice places. I doubt OP needs a 5/3 with a half acre yard in Virginia outside of DC

[Anonymous No.53033447]

didn't you already post this before

[Anonymous No.53033495]

>>53027203
Ok buddy, you need to hire a wealth manager. Someone who can grow your wealth and you live off the interest. Thats that.

[Anonymous No.53033658]

>>53033495
>hire someone to manage your wealth for 80k a year

sounds like a scam

[Anonymous No.53033772]

>>53028569
>>53033434
I will add onto this that OP should buy a duplex/fourplex instead of a house so he can live in one of the units and rent the others. Easy money if he lives in a good neighbourhood and picks decent renters. Also farmland is underrated and cheap but pays well.

Whatever you do tho, make sure create a company and put the assets in that company so you get massive tax savings and so you can pay yourself dividends (fuck paying into any pension program) then get some accounting firm to manage it. You will literally pay almost 50% less taxes as now your basics now become deductions.

[Anonymous No.53033791]

>>53033495
OP is not rich enough for that. He should pay the $2000-$3000 a month to get someone to manage his accounting but that is it.

[Anonymous No.53034215]

>>53033791
>$2000-$3000 a month to get someone to manage his accounting
HUH?!?!?!?!?!?!??!

[Anonymous No.53034367]

>>53027203
>>53034215
If you had 1m in liquid cash rn put ~650k into investments (pick 3 unique markets) yes it isn't the best time but if you blew through 300k and don't know how you buy things on impulse that you likely don't need. With 350 that isn't invested put another 150k into a savings account you can't touch easily (like you have to go down to a physical bank to move the money around so probably a local credit union) the other 200k you keep in your base account should have 3-4 and use all of them for specific reasons to see we are largest dump of funds are and try to live off that the longest you can it will help bring financial awareness.
>Inb4 retarded why HUH?

[Anonymous No.53034391]

>>53027203
>>53027203
If real then

1. Buy a vacation property and airbnb it. You can make 1k a day if its nice during the summer months. Buy a small trailer and park it somewhere near the property and live in that while you airbnb the place.
2. After deducting taxes, fees and shit then you can live off 40k a year.

3. Once your old and need to live in a home then sell your property for 3 or 4x what it worth

[Anonymous No.53034416]

>>53027288
You are such a soulless fucking degenerate.

[Anonymous No.53034498]

>>53027203
Get a shitty job in a restaurant (switch places if necessary), learn the trade, meet other employs, all in prep to own your own restaurant and poach them to make them do all the work for you. It's not so hard to own a restaurant if your manager knows what they are doing, which is what you working at a restaurant chain is for, recon and hands on business learning.

[Anonymous No.53034541]

>>53027288
Genuinely pathetic.

[Anonymous No.53034570]

>>53027203
STOCK DIVIDENDS!
PASSIVE INCOME!

[Anonymous No.53034597]

>>53027347
>>53031204
>>53034416
>>53034541
seething poor incels lmao

[Anonymous No.53036991]

maybe i should just go live in kazakhstan or some shitty 3rd world nation and live like a king until a native beheads me for my linkies

[Anonymous No.53037099]

What did you spend the 300k on?
Anyway here’s what I would so with the remaining 1M.
>500K into real estate and rent it out for passive income
>250K for investing to stocks, commodities, ETFs, crypto
>200k to start my dream business
>50k in a sock for a rainy day

[Anonymous No.53037139]

>>53031294
Since he doesn't say he owns any property we have to assume he was renting. I could probably rack up 300k pretty easily with just rent, succulent meals, and video games alone.

[Anonymous No.53037210]

Which lottery did you play or was it one of those scratch offs?

>>53028569
Based and wellthoughtout pilled

[Anonymous No.53037514]

>>53027288
>But then I think about all the whores turning 18 every year

[Anonymous No.53037531]

>>53027285
/thread

Send me $300k and you can live in my new house.

[Anonymous No.53039347]

>>53037210
>>53028569
>what did you spend the $300k on?
Rent, drugs, eating restaurants everyday

[Anonymous No.53039946]

>>53039347
Good, you're still here lol.
Buy and look into GNS, you won't regretti. Even if you put in like 20%, though after you read up a lot about it (Trust me read up as much as you can) you will have huge faith and hopium. Good luck my dude. And enjoy the ride
Totally sounds like shill, but yep, just look into it and research it thoroughly.

[Anonymous No.53039992]

>>53039347
You were eatin good good

[Anonymous No.53040059]

>>53039347
>wins a million
>spends a 3rd of it on rent
Fuck you're retarded.

[Anonymous No.53040121]

>>53027288
if this is not a larp how did you fuck up so hard?

[Anonymous No.53040217]

>>53027288
Lost how? In investments or purchases?

[Anonymous No.53040220]

>>53027203
anybody spending more than 3min reading this thread should KYS. also i won 5 million yesterday and spend 5million today on hooker.... Am I GMI >

[Anonymous No.53040340]

>>53033434
I’m in NoVA and thr average home here is 850k

[Anonymous No.53040390]

>>53027203
Set a budget, you fucking clown.

[Anonymous No.53040419]

>>53027262
>eastern europe
>10/10s

[Anonymous No.53041645]

>>53039347
reminds me of this

https://www.youtube.com/watch?v=x8LroCgg3uc

[Anonymous No.53041813]

>>53027203
Invest in PEPL and turn that 1 million into 500 million in the next 6 months.

[Anonymous No.53041894]

>>53039347
you deserve to be poor

[Anonymous No.53041966]

>>53027420
Attach it in email duh

[Anonymous No.53042103]

>>53027203
Buy a homestead, learn homesteading and permaculture and become a happy man. Trust me. You don't have to aspire to more than nust being happy, and watching cropsband animals grow that you are taking care of does make a man happy. It's a direct investment of time and energy which, if you do it right, will yield direct returns as well. And there are levels of difficulty here: easier crops to grow than others, easier animals to raise than others. Some needs little to no tending, like potatoes or goats. Just an idea here man.
I am wageslaving and even tho my wuality of life is pretty decent (EU), I still only see this all as a step to attaining what I described to you.
I envy you for the amount of resources you have that you could immediately put into a nice little farm. Buy some photovoltaics, a water collection/purification system, and you'll be a king among men. Believe me.
I just gave you a very good recipe of what you can do to become both happy, self sustainable and be as independent as one can without going full innawoods.
Start small and watch your ambitions grow where now there is only gloom and despair.

[Anonymous No.53042121]

>>53027203
Look mom I posted it again!!!

[Anonymous No.53043100]

>>53028569
first decent advice ive seen on biz ever, good job anon

[Anonymous No.53045501]

>>53027203
>>53027288
Pleb genes, please clean yourself from the pool

[Anonymous No.53045527]

>>53027203
Maybe get a low effort job so you stop hemorrhaging money. Dumbass.

[Anonymous No.53046603]

>>53045527
no such thing as a low effort job. All wagies are miserable and uncomfy

[Anonymous No.53049275]

Scratch offs or lottery?

[Anonymous No.53050160]

>>53027203
If you just put $500k into 10 year treasuries paying 4% you will get paid $10,000 every 6 months. This way, it will be hard to fuck your life up that badly, you could live off the interest payments and maybe work a part time job and be set forever

[Anonymous No.53050168]

>>53027203
Slurp the bottom and get some work even if part time. Ez

[Anonymous No.53052413]

>>53027651
You're not supposed to give unironically simple and good advice outside of /smg/, anon. I'll overlook it just this once.

[Anonymous No.53052551]

>>53027288
>But then I think about all the whores turning 18 every year that need to get fucked and prevent my from suiciding.
EXTREMELY based. i hope you get rich again basedbro

[Anonymous No.53052588]

FUCKING LARP
FUCK OFF

[Anonymous No.53052597]

>>53027203
>moved out of parents house

Why?

[Anonymous No.53052634]

>>53027203
Smoke crack and fentanyl you'll feel much better. Thank me later friend

[Anonymous No.53052655]

>>53027203
Pay cash for a house


Use that money to sell covered calls for about 7k monthly income

Sounds comfy

[Anonymous No.53052759]

>>53028218
It will take more than 20 years to break even the money you invested to buy the fucking place.
Problem number two is finding good "white" people with jobs to rent the place.
Do you know how many scammers rent homes, leave rent houses broken and not pay rent. Than you got people who make a crack house, brothel weed house or any other illegal stuff from rent homes.
You must have never been to South-West Detroit

[Anonymous No.53052788]

>>53046603
Anon. Put your 1 million in aave with usdc or tether. Put it in what ever stable is giving you the highest interest return. When usdc was 8% you could make 80k a year passively. I don’t know the apy now but even at 3% it’s 30k a year in stables. It’s still a living and will keep you from spending a lot of money

[Anonymous No.53053006]

>>53027203
Covered calls on SPY

[Anonymous No.53053391]

>>53027203
Okay dude. If this is real you're fucking crazy. what are you spending 150k a year on? No kids, no house, and no debt, but somehow you're in the red. I don't really know what I would do if I were you, but here's a few ideas:

>passive income through dividend etfs
>set it up so that the dividends you collect annually is greater than poverty line income
>this could take up to half of what you have left
>buy a cheap house
>buy 2 bitcoins
>get a job so you aren't just blasting through the rest of your savings
>get clean, fuck the drugs, fuck the vapes
>get a therapist
>learn how to cook for yourself because restaurants are a scam
>or, rather, restaurants where you don't know the owners are a scam
>Make FRIENDS who you can TRUST

[Anonymous No.53053418]

>>53027288
kys

[Anonymous No.53054538]

>>53052597
they were asking for a lot of money. I gave them 40k and left.

>>53052788
Its bear market, all the lending dapps are giving no more than 1-3% return on USDC, ive searched this

>>53053391
I was partying and shit man

[Anonymous No.53054591]

>>53027203
Kill yourself. You could of put 100k into the crypto market and have 5-10 million

[Anonymous No.53056037]

>spending over 10 grand a month
Lmao you're a retard, you will go back to owning nothing like most people that win the lottery.

[Anonymous No.53057121]

> cause im a loser neet with no aspirations

ye me to. why though ?it's not that I want it to be this way.