/biz/ - Business & Finance

[Anonymous No.57879458]

How do I escape 6 figure hell

[john sage No.57879476]

just be yourself

[Anonymous No.57879496]

>>57879458
if 6 figures is hell then what is 5 figures?

[Anonymous No.57879510]

>>57879496
Birmingham

[Anonymous No.57879704]

>>57879496
1 figure hell: lol go pick up change on the street for a day.
2 figure hell: graduate to picking up aluminum cans and turning them in for a few days.
3 figure hell: uh oh, time to start waging. This is going to suck and that mcdonalds uniform comes out of your paycheck
4 figure hell: now you actually have some capital to play with, and you're going to lose it all fucking around with leverage, over and over and over until you stop using so much leverage.
5 figure hell: where most people are. It's enough to cover a month or two of expenses, maybe even a year, but any unforeseen emergency can wipe it out. Maybe a family member develops some weird disease. Maybe your house burns down. Dodging these setbacks is an exercise in risk management and cold-blooded ruthlessness. At the upper reaches you've sworn off leverage as the thought of losing a year or more's income to a scamwick makes you physically ill.
6 figure hell: this is the longest period for most investors, because they pussy out. It's so much money to lose, you just keep it in "safe" investments recommended by your local bergsteinowitz. It never appreciates much, but the math checks out and when you're 75 you'll have enough to last you 10 years so long as nothing happens between now and then.
7 figure hell: you realize that you're only here due to inflation, and it's really just 6 figure hell 2.0. Sure, you can buy ONE house outright, but maintenance and expenses will eat the rest. You still make a peasant wage so if you spend that money it's gone forever, so you wind up never spending it until an emergency hits.

8 figures is where you're truly free.

[Anonymous No.57879709]

>>57879496
literally nothing.
entrance to hell?
queue to hell?

[Anonymous No.57879752]

>>57879704
>6 figure hell: this is the longest period for most investors, because they pussy out. It's so much money to lose, you just keep it in "safe" investments recommended by your local bergsteinowitz. It never appreciates much, but the math checks out and when you're 75 you'll have enough to last you 10 years so long as nothing happens between now and then.
ouch

[Anonymous No.57879897]

>>57879752
It's not actually that bad for /biz/tards. Because they're dopamine-fried 4chan addicts, the numbers don't feel real to them so they keep wasting it on scams and leverage. The smart ones pick a token and just buy and hold it and wait for the inevitable 4 year bull cycle to give them outsized gains: BTC, ETH, LINK, any other top 10 coin. It doesn't really matter, they all appreciate over a decade into something insane. But then you still have the problem of buying a house, expenses, etc. The worst sucker is the autist who dedicates a decade of their life to accumulating a token in between gaming/fap sessions, they hit 8 figs, celebrate, then they look at what to spend it on and realize they don't even want anything more than to play vidya and fap in an apartment. He might as well have saved time and just hopped on NEETbux from the start.

[Anonymous No.57879923]

>>57879458
Give me ur money then u wont be in 6 figure hell anymore

[Anonymous No.57879987]

>>57879458
Just get more money bro

[Anonymous No.57880157]

i have 6 figures.
what happens if i make 7 figures this bull run?
what am i supposed to do with the money after?

[Anonymous No.57880238]

>>57879458
Buy AI crypto projects like AGIX and FET (Singularitynet and Fetch.AI). You could also get some Link (Chainlink). All of these will go 20X-150X from here and will make you comfortable in the near future. Good luck 6 figure hell anon.

[Anonymous No.57880242]

>>57880157
I still don't know myself, but I think generally it looks something like this:
>25-75%: hold back to take your pick of reloading near bear market lows and investing it into index ETFs for passive income
>25-75%: use it as wisely as possible to get the most "bang for your buck" in terms of quality of life improvement

[Anonymous No.57880287]

>>57879897
so what you're saying is
I can reach 8 figs just by hodling?

[Anonymous No.57880346]

>>57879476
kek

[Anonymous No.57880370]

>>57880157
buy index funds and retire

[Anonymous No.57880384]

>>57879458
Wait 8 years

[Anonymous No.57880416]

>>57880242
>>57880370
>index funds
you guys have any in mind?
my current idea is just mainly VOO with a little bit of SSO
maybe some BTC exposure too

[Anonymous No.57880463]

>>57880287
The average yearly return for bitcoin is something like 300%. Do the math.

[Anonymous No.57880683]

you need a team
+C0N0Xuo9gnYwMDVh
SolCasino, just created
lets put our 2 brain cells together
>free alpha

[Anonymous No.57881406]

>>57880370
this post always pisses me off
>hey man you know that thing you made a bunch of money off of? yeah good, do the opposite thing now!

nocoiner cope

[Anonymous No.57882484]

>>57879458
Step off the gas a bit and enjoy life while your existing wealth compounds.

[Anonymous No.57882642]

Buy DePin coins like STORJ for an easy 2-3x

[Anonymous No.57882657]

>>57879458
Give me some money so you return to 5 figure comfy paradise.

[Anonymous No.57882668]

>>57879458
Buy out the Simon Cowell presale on pinksale. It's that easy anon. 35% token burn at launch. That will put you up at least 50 in a day

[Anonymous No.57883867]

>>57881406
Glad I'm not the only one who's seeing that.
>>57880416
An intelligent person might have enough fiat to cover a year's expenses (or whatever timeframe they prefer), and keep the rest in BTC. Why would someone move their wealth back into the old broken financial system?