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

/biz/ - Business & Finance

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57744499 No.57744499 [Reply] [Original]

when did you realize that a million dollars is literally nothing?

>> No.57744504

why won't this shit meme die?

>> No.57744506

>>57744499
Just now - thanks OP

>> No.57744511

idk, I can put a million into my high yield savings and live off the interest forever

>> No.57744514
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57744514

>>57744499
a while before I realized that a billion dollars is literally nothing

>> No.57744517

If you can't live like a god on 1mil in any first world country you don't belong on /biz/

>> No.57744522

>>57744499
10 million is the new 1Million

>> No.57744531

>>57744499
If you are frugal $1m could literally pay for your entire life.
Especially if you retire to somewhere cheap like Thailand.

>> No.57744539

>>57744499
when my 20k linkies hit $50 each last bull

>> No.57744578

>>57744511
>idk, I can put a million into my high yield savings and live off the interest forever

>2% interest
>20k per year
>Live forever on that
Lmao.

>> No.57744585

>>57744499
when 4chan told me so last year

>> No.57744602

>>57744499
when I made my first million

>> No.57744610

>>57744499
when I had 183k

>> No.57744620

>>57744499
When I reached $1 million NW in early 2021. It feels good to be more financially secure than most people but I can't quit my job for long or live lavishly.
>>57744531
I love visiting Thailand but I don't wanna live there. I would rather be wealthy enough to comfortably retire and stay in the US.

>> No.57744634

>>57744578
I get 6.5% at my bank

>> No.57744638

>>57744499
when i had 300k

>> No.57744660

>>57744499
At birth when my parents gave me 100 million.

>> No.57744664
File: 13 KB, 230x213, Hoaxed_photo_of_the_Loch_Ness_monster.jpg [View same] [iqdb] [saucenao] [google]
57744664

>>57744499
>>57744514
Three fiddy is a lot anyway

>> No.57744682

>>57744499
It'd buy me a nice house with $300k left over. That'd change my life a lot.

>> No.57744695

>>57744634
>I get 6.5% at my bank
The fed funds rate is going down the next 2 years friendo. It'll be back to low interest rates. Meaning Your 6.5 will return 3.00 or less. 3 rate hikes projected this year and more next year.

>> No.57744719

when i lost all my money gambling

>> No.57744721

>>57744499
today, portfolio hit 900k and i don't feel a difference

>> No.57744740

>bro just abandon your friends and family and move to south east asia
Yeah you could easily retire like that if you have no attachments, but all my nakama live in America. In one of the most expensive areas too. So I'm going to need 3m minimum.

>> No.57744748

>>57744634
doubt.jpg

>> No.57744771

>>57744721
you're still at the poker table bro

>> No.57744879

>>57744721
You will feel a difference when you lose it all

>> No.57744963

I feel like 1mm is enough money to give you the option to risk it for actual wealth, 8 or 9 figures, or you could sit on it and retire and live out a low stress normie lifestyle. It’s clearly not enough money to be rubbing shoulders with even B list celebrities, but you could go all in on a business or investment with the money and the potential to really make it is there.

>> No.57745014

>>57744634
>keeping money at the bank
BEEP BEEP BEEP
ERROR OCCURED YOUR MONEY IS LOST NO REFUNDS

WE HAVE DECLARED BANKRUPTCY YOUR MONEY CANNOT BE RETURNED EVEN THOUGH WE HAVE IT NO REFUNDS HAHAHAHAHHAAH RETARD

>> No.57745072
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57745072

>>57744499
When I became a multi millionaire and I a still a virgin who can't get a gf.

>> No.57745092

>>57744499
This meme is braindead. Median net worth in the US is around $200,000. So 5x the median net worth is definitely not "literally nothing".

It's not enough to ball out and buy lambos, a mansion, or a private jet, sure.

But look around you. The average American just wants to work less, own a modest home, and save some money for retirement. A million dollars would allow you to do all of those things.

I don't think it makes sense to minimize that.

>> No.57745167

>>57744721
We're going multimillion this time around brother.
Being indifferent is the universe telling you it's time.

>> No.57745184

>>57744578
Yeah i can, easily

>> No.57745188

>>57744499
$1000 is more than a million dollars, honestly

>> No.57745230

1 million is 1000 dollars

>> No.57745402
File: 1.64 MB, 1183x2220, Tiers of Financial Independence.png [View same] [iqdb] [saucenao] [google]
57745402

>>57744499
Depends how you use it.

>> No.57745651

>>57744740
>friends and family
You think /biz/ has friends?

Also I was going to say somewhere rural but people always mock me when I say that. So Thailand it is.

>> No.57745715

>>57744499
>62.4 million
>Out of a population of 8.1 billion people, just 62.4 million are millionaires. That's 0.8% of the population. There are 8.4 million people globally with a net worth of $5 million or more. Having this level of wealth would put you in the top 0.1%.
I still have not found a single person that is willing to just drop me $1,000,000. Why?

>> No.57745745

>>57745402
I don't want to fkn live in a gay apartment, i want to own a house with land, not be rent cuck. mega retard made this image

>> No.57745752

>>57745745
it says you could own a home and that would decrease the net worth needed for each

>> No.57745769

>>57744511
Yeah if you own a house already. Do you?

>> No.57745784

>>57745752
it's still retarded making 3-4% yield a year is terrible and won't keep up with inflation.

>> No.57745786

>>57744695
JEPI pays 7-8%
of course market can crash but yeah

>> No.57745808
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57745808

>>57744879
Dont be this guy

>> No.57745822

>>57745786
He didn't say stocks. I agree with you on that. He'll get more returns on stocks and probably even better with just market index. He said savings. Which is a completely different thing.

>> No.57745895

>>57745822
yeah
its just probably better to manually withdraw 3.5% from the sp500

the principal keeps making money isn't it?

with high yield stuff you are lossing on the principal long term to inflation cause it doesn't go up enough

>> No.57746001

>>57745895
>its just probably better to manually withdraw 3.5% from the sp500
Yup, it actually is better. Capital gains tax is lower than dividend/income. Having a nice mix is also a good rotation so when during a downturn of a market, where you don't wanna take the gains, you can use the dividends which are usually around the same range or use the dividends turned to purchase more stocks to take advantage of the lower valuation.

>> No.57746169

>>57746001
im from spain and dividends and selling stock is the same % tax

i dont see the benefits of dividends unless i was so rich that I was too lazy to sell each month

>> No.57746192

>>57744499

2021.

>> No.57747539
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57747539

>>57744499
this meme needs to die, that's the most braindead retarded shit i've ever read, this thread makes the average beoble user look like einstein

>> No.57747717

>>57747539
It's a psyop, not a meme.

>> No.57747762

>>57744504
It's not a meme, just the difference between americans and the rest of the world.
In america you are not even close to retiring with $1M, whereas in many other countries you can.

>> No.57747779

>>57747762
why the fuck do you want to stay in america? if you have 1 million dollars just become an expat and retire abroad. It's not that hard to understand

>> No.57747798

>>57744499
2021

>> No.57747809
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57747809

>>57747539
>>57747717
demoralization thread
1 million is make it territory

>> No.57747842

>>57747809
Your pic literally says otherwise

>> No.57747856
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57747856

>>57744499
When after years nobody has punished this MAN stepping into politics at the whitehouse, they let anyone in now, for fucks sake
I can't stand bigmike's medically implanted white theethed smile
At least i'm not the only one who noticed, there's even a shitcoin around it now. Let's fucking go BIGMIKE, FUCK YOU TRANNY BITCH

>> No.57747872

>>57744499
I made it to 5 figures and it feels so good to have that buffer, you have no idea what losing means.

>> No.57747912

>>57747842
it's make it as in you can retire

>> No.57748057
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57748057

>>57744499
1MIL will be nothing when I cash out all my alts when BTC hits 70k. My life will be hookers and cocaine from there on.!

>> No.57748066

>>57748057
what you staking bro? satoshisync?

>> No.57748087

>>57748066
I do! $SSNC, BTCfi and many other l2 alts.

>> No.57748179

>>57745402
I have hit $5m n/w and it's literally nothing. I have not made it. Dilapidated shitboxes cost $5m now.

>> No.57748201

>>57744634
Oh yea because interest rates stay the same forever

>> No.57748219

>>57748179
larp

>> No.57748224

>>57745092
This is retarded because most people have an income, and most live paycheck to paycheck.

>> No.57748972

>>57745651
Fair enough.

>> No.57749030
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57749030

>>57744504
>>57747762
you have no idea how poor yuropoors are anon. They post here like one of us, but they're just really really poor

>> No.57749179

>>57744499
When I calculated that a 10% apy rewards staking program would only net me $100k a year which is only $8.3k a month

>> No.57749310

>>57744499
while it's only 3.7 years of salary after taxes, so i would say it is quite a bit, son.