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/biz/ - Business & Finance

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56228531 No.56228531 [Reply] [Original]

$50k is actually a lot of money

>> No.56228547
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56228547

If the average American makes 50k a year and saves 10% of their income a year(higher than most), that's 10 years of savings

>> No.56228559

>>56228531
What could you do with 50k?

>> No.56228576

>>56228559
you could invest it and hope it turns into a meaningful amount of money one day

>> No.56228585

>>56228576
20x is already a million dollars. Thats pretty much guaranteed every crypto bull run and they happen every four years.

>> No.56228612

>>56228547
>what is compounding interest

>> No.56228619

$50k is my yearly gas/water/utilities expenses. It’s chump change.

>> No.56229012

>>56228619
No its not

>> No.56229212

>>56228619
Do you just leave 114 sinks running 24/7? Lmao

>> No.56229275

>>56228612
Like an extra g or two?

>> No.56229354
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56229354

>>56229275
literal retard

>> No.56229367

>>56229212
don't question his mansion and the expensive parties, anon

>> No.56229414
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56229414

>>56228612
>compounding interest

>> No.56229416

>>56228585
>20x is already a million dollars. Thats pretty much guaranteed
Oh and which coin does that guaranteed 20x every 4 years? Also congrats if you can exactly time the bottom to buy and top to sell everytime. But you're somehow still not rich right?

>> No.56229423

>>56228547
The average american is such a fat worthless indebted retard that they don't even have 500 bucks in their bank, while having a median income of 37,000 (32,000 at 30). The average american is not to be emulated, they are dumb.