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/biz/ - Business & Finance

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56723675 No.56723675 [Reply] [Original]

500k is a huge amount of money

>> No.56723685

>>56723675
500k yes, 100k no

>> No.56723686
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56723686

>>56723675
It would pay off my 485k mortgage I just took out at 7.5% over 30 years..

>> No.56723732

>>56723686
Sometimes when I think my situation is bad, I think at least im not this anon. Thanks for the whitepill

>> No.56723738

It's barely enough to buy a closet from a big city.

>> No.56723742
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56723742

>sees bantoid

>> No.56723751

>>56723685
if someone transferred 100k to your bank account you'd feel different

>> No.56723753

>>56723751
not really

>> No.56723941

>>56723751
>if someone transferred 100k to your bank account you'd feel different

false, in fact my life would not change at all.

if someone transferred $ 1 mil into my bank account i could stop working.

>> No.56723994

>>56723675
I have $1.2MM in cash, stocks and crypto. Even an alternative asset portfolio of graded Pokémon of $50k. I can tell my life still sucks and I think about killing myself everyday. I still wage. It’s nice knowing I could take a year off or something, but you need $4 million to stop worrying and do what you love.

>> No.56724034

>>56723994
I don't know dude, why not just like move to a cheaper country.

>> No.56724047
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56724047

$1000 is a lot of money

>> No.56724137

>>56723941
>I wouldn't feel anything about moving 10% closer to retirement overnight
you're just being greedy

>> No.56724185

>>56723994
>you need $4 million to stop worrying and do what you love.
I'm assuming that what you "love to do" is raise your 8 kids in a McMansion homestead. A single person would have to live like a complete retard to blow through more than $200k/year ($4m at 5% APY)

>> No.56724241

>>56724185
if you can keep expenses at 80k you realistically can call it quits around $1.5mil

80k a year is enough to support a wife and 2 kids, assuming you already have a house.

the 4% rule is a meme. if you start to see your balance go down year over year you start working again. you're young, so it wouldn't be hard to get a new source of income.

>> No.56724289

>>56723686
Because you have a growing family, right?

>> No.56724346

>>56724137
You’re a retard. 30 years from now when he has completed the other 90%, that same amount of money will be devalued another 100% or more. Meaning he will never reach retirement