[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 1.23 MB, 1024x682, 1684781169067843.png [View same] [iqdb] [saucenao] [google]
55119958 No.55119958 [Reply] [Original]

>made $10 million dollars in 2020.
>$6 million after tax
>spent $3 million of it already.

It goes fast mates, don't be retarded like me when you make it.

>> No.55120001

Made $4.6M Aussie
2.4M after tax

bought house for 1.4M
500k on dividend shares brings in about 30k passive income which as a neet kissless virgin is enough for me to retire
Still have 500k to play with Waiting for massive crash to buy more stocks and crypto. Gonna buy stakable coins only to add to my passive income.

>> No.55120130

>>55119958
If you spent it on real estate you're fine. But if it was cars, watches and women then you deserve poverty.

>> No.55120145

>>55120001
These sound like short term gains.
If you'd made them in a company or trust you could have capped the tax rate at 30% instead of 47%

Regardless, you shouldn't be tying up more than half your assets in a PPOR. You could buy like 10 investment properties and you'd end up with a shitload more.

>> No.55120149
File: 47 KB, 500x640, I Know That Feel Kid.jpg [View same] [iqdb] [saucenao] [google]
55120149

>> No.55120150

>>55120001
Why such an expensive house? You could've bought a comfy middle class home and invested the rest and been set for life

>> No.55120193

>>55120150
$1.4m house in Aus is NOT an expensive house.

>> No.55120194

>>55120150
With the current inflation status that might actually be better than keeping it in fiat. Anything but fiat money actually.

>> No.55120208

>>55119958
more like 10 dollars for you, incel

>> No.55120314

>>55120150
That is an average 4-bedroom house where I live in Australia. 5 years ago it would have cost $800 grand or so.

>> No.55120370

>>55120314
Same shit in Canada.
Absolute scam market.
Not nearly enough housing to offset demand.
The trap of people buying RE and then having vested interest slow or block new projects to pump their bags(not sure if this is what it's like in Aus or not though), is a scenario countries should take note of to try to avoid. It's deadly.
However what is likely, is that people will use it as a blueprint to get ultra rich. Since it works so well as a scam. People need somewhere to live. So essentially they're forced to pay whatever.
And it works doubly well when you import 1 million immigrants per year(looking at you Canada). Country is a scam.

>> No.55120453

>>55120001
>Made $4.6M Aussie
>2.4M after tax
Holy fuck, Australia is a fucking shithole.

>> No.55120457

>>55120453
Kek it's all going to welfare for some non whites.

>> No.55120493

>>55120150
Lol if only you knew...

>> No.55120633
File: 471 KB, 1644x3358, australians in 2023.jpg [View same] [iqdb] [saucenao] [google]
55120633

>>55120150
>Why such an expensive house?
9/10
Very good

>> No.55120773

>>55119958
10k btc for pizza