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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56057660 No.56057660 [Reply] [Original]

Where did all the /biz posters making $250k+ per year go? This board used to be filled with casual wagies making quarter of a million or higher per year but we barely hear from them anymore.

>> No.56057673

i make 225-250k depending on bonuses, AMA

>> No.56057677

>>56057660
CS grad here, 400k TC

>> No.56057691

>>56057660
I'm in enterprise software sales. My base is 150 but OTE is 250. It's definitely getting harder to close deals.

>> No.56057725

>>56057660
We are here, quietly DCAing

>> No.56057727

>>56057660
most of them lied. the ones who weren't lying are too busy waging 60 hours a week desperately trying to keep their """"2 hours of work a day"""" job.

>> No.56057741

>>56057660
This board used to be business and finance now it's filled with 3rd worlders and their craptocurrency scams. No point coming here if you make actual money.

>> No.56057762

>>56057691
>enterprise
>250k ote

Anyway you’re doing better than me, I was midmarket at 150k ote 50/50 split.

Got fired back in April, finally getting around to interviewing again now that summer is almost over.

>> No.56057777

>>56057660
Still here. After the latest promotion I'd say I make about an average yacht a day now. Data entry

>> No.56057796

>>56057777
checked and true

>> No.56058046
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56058046

We are hustling in silence

>> No.56058158

>>56057660
they've been relegated to middle class because of inflation

>> No.56058199

>>56057691
How painful is sales? I could never do it. I could never stand being so fake.

>> No.56058222

>>56058046
mostly that

This year looks like around 160 total. Pretty disappointing because with bonuses and stock I made 180 2 years ago and 220 last year. markets are tightening, I think a big downturn is coming. Those student loan payments starting in October are going to be the noose around the average wagies neck.

>> No.56058244

>>56057660
we all retired and are living in paradise now bruh

>> No.56058290

>>56058199
Common misconception, sales is about solving someone’s problem rather than tricking them into buying something. Admittedly people are stupid and you have to trick them into helping themselves

>> No.56058329

>>56058199
For Enterprise sales, 80% of it is Territory, Product, and Timing. The other part of it is like the other poster said, you need to have problem solving skills and not be a sperg when talking to people. I get a lot of perks like WFH (rumors of that ending), staying in nice hotels and eating meals when on customer travel (it's a per when you go somewhere cool ever 1-2 months), and of course the uncapped commission, which is not as cool as you might think considering my territory is severely restricted where I am.

>> No.56058336

>>56057762
mid market has a lot more action than enterprise. enterprise is extremely cushy but they will cut you just the same if you can't "perform" regardless of whether it's your fault. my company has kept a lot of dead weight around, but if you are at a place like Oracle, if you can't make your 6-month quota, you are outta there.

>> No.56058468

>>56058222
How can student loan repayment be such a big deal? I have a big loan myself, not US, and pay off monthly right now and it doesnt affect me one bit. Whats so bad about the situation in the US that makes the repayment such a financial nightmare for people?

>> No.56058492

>>56058468
Student loan repayments will be the straw that breaks the camel's back. Screencap this post

>> No.56058694

>>56058492
But how? Its such a small amount monthly, it shouldnt affect you at all

>> No.56058702

>>56057660
I lied about it a few times.

>> No.56058711

>>56058694
>>56058468
Student loans in the United States are predatory as fuck and cost hundreds of dollars per month, plus basically every single child born after 1990 was tricked into going to college for what are essentially useless degrees. The situation is fucked, the average amount of debt is like 60-100k being held by retarded 21-23 year olds with no job experience, no actual skills, and in a super shitty job market.

>> No.56058720

>>56057660
IT manager here, TC 270k usd / year

>> No.56058742

>>56058711
I can't believe how good an idea community college and CLEP was.

>> No.56058756

>>56057660
I stopped larping because I realized it was gay and pointless

>> No.56058778

>>56058711
Seems self destructive for a state to backrupt its future workforce. I cant see how this is going to work out in the future when people will eventually stop working because there is no point in trying to fix their personal finances anyways.
A country owned by jews

>> No.56058782

>>56058694
The average consumer here has experienced lifestyle creep and the extra monthly $ will be devastating to them. They won’t cut back either so on goes the cycle

>> No.56058792

>>56058694
Its like $500 a month at minimum for most people

>> No.56058808

>>56058782
There is no future economy without robust consumers. If the student debt crisis gets out of hand, it will be forgiven. It has to. How else are the jewish companies going to sell their products?

>> No.56058967
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56058967

They retired to become neets obviously.

>> No.56059070

>>56058468
>How can student loan repayment be such a big deal?

basically since covid 100% of student loan payments have been spent in the economy or invested. Obviously since younger people generally spend more money this has been good for the economy and pumped assets. Keep in mind also the majority of working class americans cannot get access to 1000usd in an emergency so living paycheck to paycheck is common so taking money out of the economy before the holiday season will murder consumption and the market along with it.

>> No.56059090

>>56058468
1 in 4 workers in the USA have a loan with the average payment being $200-300/mo. cost of living (rent) has exploded over the last 3 years.

>> No.56059140

>>56057660
All of them went to invest in high yield projects such as Aavegotchi

Big boys don't waste time with small fry they have to check every day to see if it rugged or not.

They go into big projects like AVA, FTM, GHST, Polygon, XMR, Litecoin, etc.

>> No.56059380

>>56058468
>>56058492
>>56059070

This. Who has an extra 4-700 bucks a month burning a hole in your pocket? Average is about 400, so half are more than that. 100 million people resuming at 400 average is 40 billion bucks a month that isn't going to go into direct spending fueling the economy. That's good for inflation, bad for the economy overall.

People are living way beyond their means currently. WAY beyond. If you go into debt another 1000 dollars a month every month, eventually you can't borrow any more money. That's coming for 30 to 50 million Americans in in the next 6 months. When you cant borrow any more money you stop paying rent so you can keep eating. Cars get repoed. You get evicted. Car repos are already starting to uptick.

Middle America is barely scraping by, they don't have 400 bucks extra to pay back in student loans. The US will be a 2008 esq economic hellscape before the 2024 election. The stock market will flutter around for another 3 months and after the holiday season sales numbers come in far under expectations and its clear the US cummsomer is completely tapped the market will break and correct 50%.

Look on the bright side, when the market shits its pants the fed will cut rates to 0 again and both europoors and ameritards can keep dramatically over paying for real estate. The smart money on /b/ will be penny pinching to stack the sp500 while the P/E is in the toilet.

tl;dr student loans restarting are the start of the next major debt bomb super cycle. sp500 is 4460 on sept 8th 2023. it will under 3400 before sept 1st 2024. RE will drop like a rock over the next 9 months too.

>> No.56059508

>>56058694
small to you is huge to a debt slave wagie. Thanks to predatory terms, insane interest rates, and shady laws, not even bankruptcy can wipe student loans. The university financial system literally created debt slaves. Imagine trying to pay off a 6 figure debt and double digit interest rates with a worthless degree and minimum wagie job. Tack all of that with the over extended nature of the credit market due to the rising cost of everything and we have the perfect storm brewing. The financial system is literally on its last legs.
>Credit system over-extended
>Housing market collapsing
>Interest rates skyrocketing
>Car defaults at all time high
and soon student loan defaults...

>> No.56059583

>>56058694
the average household income in America is under 80k a year. Per capita income is just 35,000.

300 to 700 bucks a month or 3600 to 8600 a year is not a "small amount" of those numbers with rent, food, transportation, insurance, gas, consumables, let alone eating out and star bucks which have all gone up in cost dramatically over the last few years.

It boggles the mind why people don't just borrow a few hundred thousand dollars from their parents interest free to pay off these high interest loans. Why don't they just do that? Or get a job paying 200k a year? Seems easy right?

>> No.56059675

hi i make over $1M here to party

>> No.56059692

The larpers coping about their loses with delusions about how amazing their life capitulated and left a year ago.

>> No.56059700

>>56059508

housing market is not collapsing. lol lmfao.

>> No.56059780
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56059780

>>56059380
Nice analysis - I came to the same conclusion as you. Just tired of writing it for the umpteenth time.

>> No.56059814

>>56058290
>i know better than my clients and i manipulate them to do what i want for their own good
based sociopath

>> No.56059833

>>56057741
what kind of pajeet larping as white post is this?
/biz/ was literally created to move crypto talk away from /g/
we've had containment threads for normalfags to discuss retarded dropshipping tricks from 10 years ago, and limpwristed software engineer cuckolds can't help but bleed as well, but this board has always been for alpha, not beta

>> No.56059874

>>56058756
I knew it!

>> No.56059907

250k isn't even 4m in 20 years
why do people care about salary? success has never come from salary

>> No.56059911

>>56059700
We'll see. Housing prices are very much a lagging indicator and they've already started to drop. It may take a long time to bottom, perhaps years but unless someone (the fed) start shitting money and dumping the rate the housing market is going to drop and keep dropping. Who do you think can afford these average 450k houses at 8%?

>>56059583
These people? The average ameritards making 80k per household per year?

>> No.56059925

>>56058468
I bailed out of college after one year, it cost me $13,000. Got it paid down to $8k now, I thank my lucky stars every day that I didn’t follow through for the other $30,000 it would have cost me. Totally not worth it

>> No.56060537

>>56058808
Shitty Nazi Larp

>> No.56060553

>>56059380
Yep, I’ve been eyeing food manufacturers right now, but am waiting to buy Index ETFs cheap. Plan to have about 10k to DCA by Jan 1 2024

>> No.56060555

>>56057660
School started last week

>> No.56060565

>>56058468
A lot of people are barely getting by so having that on top of everything else really fucks them

>> No.56060594

>>56058468
Because the government made loans easy in previous years, colleges took advantage of this by raising tuition and selling garbage degrees that are useless for finding a good job. Consequently, not only do many students owe more, but they also have a difficult time finding a job that pays decently.

Some people had the sense to get a useful degree and are doing okay. But way too many people got taken advantage of. The rising cost of living hasn’t made it any easier to pay off loans.

>> No.56060657

>>56059911

Okay you have a point. I wonder if layoffs will continue from here on and out.