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/biz/ - Business & Finance

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58492521 No.58492521 [Reply] [Original]

I have $6500 in cash.

>> No.58492852

>>58492521
Based fellow four figure Chad. At least we can look down on the people who don't have anything in their checking/savings accounts, let alone crypto.

>> No.58492988

>>58492852
I am working towards five figures. The poor will be poor.

>> No.58492998
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58492998

>>58492521
I have $70,000 in cash. Feels okay.

>> No.58493015

>>58492998
I wonder how that might feel. Good stuff.

>> No.58493016

>>58492521
SHIT THREAD MADE FOR NIGGERS

is it okay to have 20k cash sitting in the bank? Or should I just keep a 3 month emergency fund and put all the rest in investments?

>> No.58493042

>>58492521
I have 40k in cash because I like knowing that I could say fuck it, quit my job, and neet for a minimum of 2 years. Anything less would just feel like a vacation.

>> No.58493064

>>58492998
>>58493015
It feels like it's never enough, because you can't buy a house, retire, invest it into any feasible low-risk passive income or make big investment moves in general
You can buy a bunch of shit and every time you buy something you just feel more broke, even though you have much more than the average Joe
You have to keep working because you want that number to keep growing or at least stay the same no matter what, even though you literally can not work for a couple years straight and be fine
Feels weird bro, I stressed less about money when I had less than $400 to my name with rent due in 2 weeks than I do now

>> No.58493085

>>58492988
Me too, if I count crypto and usd I'm at $9,700. Have never had five figures before, as pathetic as that sounds, so next payday is gonna be a big deal for me- or next btc pump, whichever happens first.

>> No.58493102

>>58493064
>I stressed less about money when I had $400 to my name and rent was due in 2 weeks than I do now

I'm gratefully in a VERY similar financial position to you anon and this really spoke to me. It's not exactly in cash but it's in a mutual fund that's made consistently decent returns for 5 years (VTSAX) but I'm thinking about money every fucking day. It's driving me crazy, I can't focus on work the way I used to, and I cringe going out to simple dates with friends like a decent restaurant once a week when by all means I can "afford" it

>> No.58493107

>>58492521
if you have at least 6 figures in crypto and this is your fiat stash for day to day expenses, this is chad tier. if this is your nw you are poor

>> No.58493120
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58493120

>>58492521
Okay, so use them on ZOOMER and thank me... or regret later

>> No.58493169
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58493169

>>58492521
its never enough

>> No.58493200

>>58492521
Dplay gonna make it 20k in a few minutes anon

>> No.58493263

>>58492521
I like to keep about 10 grand in cash. Any more than that i buy Link with it. You have to keep a buffer and 10k is about right for me.

>> No.58493414
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58493414

>>58493064
This is all true. Just 3 years ago I was a poorfag euro student with 4k nw, now I am on track to get to 70k in 2025 or even more if bullrun goes really crazy. Very few have so much by my age and I am still a depressed wagie. Being able to quit a job without anything lined up feels good though.

>> No.58493423
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58493423

>>58492521
i collect more than that in fees every day
bootstraps. now. higher

>> No.58493438

>>58493102
This is a self-defence mechanism and times are very likely going to get rougher so go with your gut. It's one thing being a scrooge and another insulating yourself to some degree against massive economic change.
Don't beat yourself up about the way you feel. If you had been this way 20 years ago it would have been unreasonable. Not so now. Final words; don't allow yourself no joy whatsoever. That's rubbish

>> No.58493656
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58493656

>>58492521
But you did put half of it into CONAN to celebrate the life of the dog that put his life in the line for the great nation of america right?

>> No.58493979

>>58492521
Nice. How much debt do you have?

>> No.58493983

>>58492521
>cash

>> No.58494065

>>58493016
Just keep it in something liquid and relatively stable like an index fund or a bond ETF. You can always sell it if you need the money.
Unless you're really worried you're going to suddenly need to spend 20k over the weekend when the market is closed.

>> No.58494849

>>58492521
Buy more qan with it brainlet. Must you be redpilled all the time?

>> No.58496812

>>58492521
is it still safe to use cash? ngl all my savings are always in a virtual wallet, or in a memecoins that I keep an eye on in dexview, it's been a long time since I used something physical.

>> No.58496892
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58496892

i have 6 figures in crypto, 4 figures in stocks, and 3 figures in cash
no debts
i need to, and will, make it this bull run

>> No.58496896

>>58492521
LARP

>> No.58496902

>>58493016
fucking kys faggot

>> No.58496979
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58496979

You're missing something crucial on your head.