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

/biz/ - Business & Finance


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58491101 No.58491101 [Reply] [Original]

>> No.58491137
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58491137

>>58491101
No it isn't. It only buys you some breathing room or some toys. You need at least $10 million to make a significant change to your life.

>> No.58491540

>>58491137
I agree that 500K is not lifechanging, but I think ~3M would be enough. I live quite a comfortable life with an 80k salary, 3M at 4% would likely be enough to more than match that.

>> No.58491585

>>58491137
>No it isn't. It only buys you some breathing room or some toys. You need at least $10 million to make a significant change to your life.

If you don't have at least a 9 figure networth you aren't even middle class.

>> No.58491872

>>58491101
500k is life changing money anon

>> No.58491920

>>58491872
Yes you can buy the biggest house in Bangalore and live like a king.

>> No.58491996

>>58491540
Turkish interest rates are 55% now. Move to Turkey if you want to make it

>> No.58493673

even 300k will do, but you need contacts, no matter how much money you have you will need contacts to know how to invest it, or to start a business, I'm trying to make as many friends as I can in college while keeping my eye on kendu, when I finish this I want to be able to do something about it

>> No.58493878
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58493878

>>58491101
Made that amount with Pinksale made tokens, and I can confirm it is life changing

>> No.58493886
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58493886

>>58491137
>You need at least $10 million to make a significant change to your life.
$10 million is still not life changing money.
I have $15 million and women still don't want to date me.
If you're a bald manlet like me, you need at least $25 million to even get a date these days.

>> No.58493890

>>58493886
holy kek, just buy a strip club and a gaudy mink coat, anon

>> No.58494200

>>58493886
Wtf is this true? Why not do a hair transplant and work out with a private trainer to have at least some chance?
I have a hard time believing this.

>> No.58494292

20k is life changing money, I wish I had 20k.
20k is something I would indeed like.
>t. wants 20k

>> No.58494319 [DELETED] 
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58494319

>>58491101
5k is life changing for the vast majority of Americans. Don't believe /biz/ LARPers for one second.

>> No.58494323

>>58491540
I seriously wonder if hanging around retards on this board has completely skewed my sense of what is enough. Most normalfags I know would be happy with an extra $2k

>> No.58494369

>>58494319
Yeah it is
>t. burger
Though 20k would be a huge boost

>> No.58494384

>>58494323
Sure 2k would be nice if I had 18k to use.

>> No.58494820

>>58493886
this is a larp. i have $0 nw, unemployed, short, fat, balding, old and can still get ass. i waited 900 seconds to tell you this.

>> No.58494826

>>58491101
usd? it's about 20k in russia

>> No.58494840
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58494840

>>58494820
>i have $0 nw, unemployed, short, fat, balding, old and can still get ass.
Assuming you're not fake and gay, where are you meeting these women?
Do tell me your secret, sensei.
I get nothing on apps or dating sites, even when I pose in front of my shiny brand new car and big house.
Women in public don't even look at me.

>> No.58494865

>>58491101
it's really not, unfortunately
i say that because my net worth, mostly liquid (stocks), is right around there
but i'm hopeful that mining stocks rip higher at some point this decade, and then i can retire

>> No.58495007

>>58491101
100k in qan right now will give you a life changing money in the peak of the bullrun

>> No.58495082

>>58493886
I’m in Oklahoma… I could have some of the hottest country blondes rotating in intervals sitting on your cock.

>> No.58495500

>>58491101
I only need 350k

>>58491137
lol

>> No.58495572

>>58491996
living among turks is not making it

>> No.58495583 [DELETED] 
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58495583

Put $50 into APU, the real one from the Simpsons.

You'll have $500k in a week or two.

Screencap this.

TheRealApu dot com

>> No.58495594
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58495594

>>58491137
Bullshit. For the average person:
>pay off all debt
>own their home, cars, etc.
>have enough left over to fund a business

>> No.58495626

>>58491920
It stops a wagecuck from being on the brink of homelessness if something happens.

>> No.58495635

>>58491137
>It only buys you some breathing room or some toys
This is the typical plebbit response.
Well, live wisely and properly, $500K can see any 35 year old male out, no problems.

>> No.58495759

>>58494319
so you use 5k to pay of some of your 42k student loan. how does your life change?
also nitpicked statistics. 10% of americans are millionaires.
>>58495594
paying of debt does not change your life
>>58495626
so it literally doesn't change your life unless "something happens"

>> No.58495805

>>58493886
>$25 million
gtfo broke loser

>> No.58495846

>>58495759
Not worrying about paying next month's rent affects your life you absolute retard. If you're gonna be that pessimistic everyone might as well kill themselves

>> No.58495884
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58495884

>>58491540
how do you get the 4%? withdrawing 4% yearly you are at risk of lossing your capital, according to this you need to be 100% sp500 and withdraw less than 4%, ironically bonds will fuck up your capital

high dividends shit just dilute your capital

i dont know how to use money after you reach a "make it" ammount without the anxiety of lossing your principal

i already have near 400k so i want to 3x this shit and finally be able to spend

>> No.58495893

>X is life changing money
>probably still gonna live the same shitty way

>> No.58496014

>>58493886
Can't you just use that money to transplant hair?
While I am a manlet, luckily I am not bald and I don't face that problem despite being poor.
I can probably make a life as a gigolo if I didn't have any morals.

>> No.58496035

this whole thread is like a snapshot of how young or poor people who don't know the value of money think

>> No.58496080

>>58496035
500k is literally nothing retard.

>> No.58496089

>>58491101
no

>> No.58496096

>>58496080
>500k is too much for me to imagine so I have no idea what I can do with it, number too big

yep, poor is poor

>> No.58496098

>>58496096
Poors think 500k is meaningful nice job at outing yourself as a pf

>> No.58496103

>>58496080
If I had 500k right now I'd retire. You could turn that into a million pretty easily by the end of this bullrun and then live on it during the next bear market and make it in the next bullrun.

>> No.58496105

>>58496103
Bullrun is already over. Did you not buy at 16k?

>> No.58496116

>>58496105
>Bullrun is already over.
No way, we've still got at least one more pump to new ATHs before it's over.
>Did you not buy at 16k?
I didn't get into crypto until this year.

>> No.58496191

500k is enough for an 18 year old to get through medical school as a surgeon. It's the difference between literally being stuck in a McDonalds burger flipper loop and being a surgeon who makes $500,000+ a year.

>> No.58496283

>>58496098
it's so obvious, if you can't use 500k in capital to change your life you obviously have no idea how to manage or utilize money, the only one outing yourself is you.

>> No.58496293

>>58496283
Hello poorfag. Plug those number into an infaltion calculator I’m waiting. Bet you don’t even have 500k in crypto

>> No.58496305

>>58496283
Yeah bro you're the trader king right? will turn 500k into 50kk in a single day.

>> No.58496363

>>58496305
>>58496293
if either of you think stocks or crypto are the only thing you can put 500k into then I really know you are poor, or you are a teenager living with your parents lmao

>> No.58496371

>>58496305
Yeah that nigger is retarded for real

>> No.58496616

>>58496363
oh so you gonna be an entepreneur and buy some courses?

>> No.58496630

Hell the worlds about to end, 10k would be enough at this point to survive the rest of my life.

>> No.58496650

>>58496363
These two guys are samefag shills. Don't let them get to you. Everyone with a brain here knows you're right.

>> No.58496719

>>58496630
it wont, you wont be satisfied, trust me.

>> No.58496736

>>58496719
Na I would for awhile and I've got terminal cancer that's progressing rapidly after they biopsied me so 10k is a lot better than the 40 bucks I have now.

>> No.58496737

>>58491101
I remember being in my 20s

>> No.58496982
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58496982

>>58491101
especially if your NW is low, absolutely
it might not let you say fuck you and immediately retire forever, but if you invest it and dont touch it, itll make an enormous difference later in life.
also, simply having an extra 500k stashed away will give you a lot more peace of mind if youre living paycheck to paycheck or if you can use it to immediately make yourself debt free

>> No.58497011

>>58491137
It's enough for a house, imagine having a fully paid off home at young age you're already better off than 98% of your peers

>> No.58497398

>>58496080
Post investment balances

>> No.58497656

>>58496982
i have 400k and im neet i neeed to 3x

>> No.58498125

this thread is very revealing. seeing the posts in this thread and seeing how the catalog is all crypto retardation, im starting to get a good picture of how the poorly the average biz poster thinks and sees the world.

>> No.58498165

>>58491101
Lot of poorfags ITT that think 500k is anything

>> No.58499713

>>58498125
Nearly everyone with a brain is drowned out by retards. The retards compose of kids with no money or real jobs, shitskins, actual sub 80iq retards, and degenerates who are no different than gamblers but cope with their addiction by calling their gambling “investing”. This is also apparent whenever the topic of debt comes up. Ignoring the concept of charging interest (a whole separate topic), there are waaayyy too many who think any amount of debt is terrible and don’t understand how to use it in the system we are in. If you have a mortgage below 3% and can currently get 5+% from even treasuries, you are dumb not to take advantage of that spread. If you get 2% cash back on a credit card and never carry a balance, it’s dumb to not use that over a debit card. But instead they reeeeee over having debt.

>> No.58499725

For the average biz retard, no. For smart people, yes.

>> No.58501273

>>58491101
Imagine putting that into AAST or NEAR for a 100X return