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/biz/ - Business & Finance

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57695264 No.57695264 [Reply] [Original]

1m-3m hell is the new 6 figure hell

>> No.57695289

>>57695264
Yep made 1.2 mil today in nvidia and feels like nothing
Ill probably make another 500k tomorrow on my sq and cvna calls
I fucking hate being this fucking poor

>> No.57695341

I'm on high six figures and I still look up to 7 figures. It's only the start of the journey to 8 figures though

>> No.57695352

>>57695264
>have 5 million USD networth
>still have to wagecuck 40 hour weeks and still have to rent like some pleb

today you need at least 20 to 30 Million to make it. everything below that and you might as well be homeless on the street.

>> No.57695526

>>57695264
No it's not. You're basically just an ungrateful toddler who wants more cookies. When you had 5-figs it wasnt enough because you wanted 6-figs. And when you got 6-figs, it wasn't enough because you wanted 7. Don't worry though, you'll round trip your stack and end up right back in 6-figure hell by this time next year

>> No.57695553

>>57695526
One million is the bare minimum for retirement.

>> No.57695650

literally just move to india or vietnam or some shit

>> No.57695919

>>57695264
>>57695289
>>57695341
>>57695352
>greedy and ungrateful
don't worry, when you lose it all then you'll finally understand what it was worth.

>> No.57695947

>>57695264
im still stuck in low 6 figure hell. this is not even hell, its 10x worse

>> No.57695958

>/biz/
>doesn't know how to start and manage businesses to auto-generate money
>doesn't understand leasing out quadplexes to normies to 2x your money for virtually no work

quit being scared

>> No.57695965

>>57695264
Agreed. Unless I can afford to fly private, I haven't made it. I don't need to be able to buy my own plane, but I do need to be able to afford to charter a jet, at least for domestic travel. I might be able to settle for first class on trans-oceanic flights.

>> No.57695979

>>57695965
im sorry but i need to own my own fucking plane. i cant even breathe until im 8 figs

>> No.57696061

>>57695264
I know this is a 1PBTID shit thread, but I'll reply anyway. $1-2MM can be considered the new six figure hell, but beyond that you can start doing some serious damage. So while the sentiment of the post is right, I'd say the range is slightly off.

>> No.57696064
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57696064

>>57695979
The problem is you really need 9 figs to comfortably afford a trans-atlantic capable plane.

>> No.57696076

im at 2.5 mil and its true suffering

>> No.57696136

>>57695264
The only reason it's Hell is because of taxes. Once you've got your living expenses locked down and that usually happens by $500k, making money becomes a lot more laid back of a process...until the tax bill comes and you're like "holy fucking shit, I'm paying the fucking government a down payment on a house...WHY?" And no one can seem to give you any simple answers or solutions to avoiding this.

>> No.57696309

>>57696064
that's just the cost to acquire the asset. i can't imagine the cost to run it for a year, i would think at least 7 figs. one cannot really be comfortable until 9 figures. 8 figs is like munger's first 100k.

>> No.57696319

unless you are travelling transcontinentally on a weekly basis there is no need for a private plane you can just rent a private plane when you travel with a company like netjet

>> No.57696409

>>57696319
why wouldn't you want your own fucking plane? you actually don't need money...you only need a pair and half a fucking brain to live

>> No.57696497

>>57696409
because when you're that rich time is more valuable than money, its way more convienient to just call a planeshare company and have a jet waiting than to manage the hassle of fueling a plane, repairing it, making sure the pilots and flight attendies are awake and at the airport etc. its never worth it unless you're taylor fucking swift travelling the world every week. you just rent a plane for the weekend when you go to cancun with your 4 latina sugar babies or whatever when you're a 9 figgy chad