/biz/ - Business & Finance

[Anonymous No.58550263]

Normies unironically believe $1 million is a high net worth

[Anonymous No.58550290]

Twenty years ago perhaps. Nowadays, you need at least $10M.

[Anonymous No.58550292]

>>58550263
well normies tend to have less than 10 grand in savings. so yeah i get it why they think that

[Anonymous No.58550313]

>>58550263
>>58550290
kys

[Anonymous No.58550348]

>>58550263
$1million is a high net worth

thats like 500,000 decent meals. or enough food for 500 years

[Anonymous No.58550631]

>>58550263
Since you are so superior to them you clearly have more than that right anon

[Anonymous No.58550633]

>>58550290
if you want to retire in your twenties you need 10mil. most baggies here will have 1 mil by 40 if they stay faithful. that's enough to eek out a bearable existence until they die, and we all die anon.

[Anonymous No.58550686]

>>58550263
You must be brain-dead to ignore AGRS. The future is AI.

[Anonymous No.58550688]

>>58550263

Its a lot of money you braindead faggot.

[Anonymous No.58550692]

>>58550263
When was the article written? Those usually don't get adjusted for inflation.

[Anonymous No.58550723]

>>58550263
>high
Vague, indefinite wording is meaningless.

[Anonymous No.58550750]

>>58550633
How much money do you have?

[Anonymous No.58550767]

>>58550263
If it isn't, I'm sure youre speaking from personal experience with a net worth above one million right?

[Anonymous No.58550774]

>>58550633
Isn't it weird how everyone's minimum retirement number is either 1 or a factor of 5?

[Anonymous No.58551353]

>>58550263
HNWI and VHNWI and UHNWI are well defined because its how financial institutions classify people.

<1m pleb
1-10m = HNWI, start of worth the time, paying someone to lower taxes can be worth it
10-30m = Very HNWI, actually makes sense to pay someone to avoid getting taxed
30m+ = Ultra HNWI

other than scale there's no difference what someone with 50m invests in and what someone with 5 billion invests in.

[Anonymous No.58551372]

>>58550348
$2 a meal? Wtf are you eating Jack in the Box tacos?

[Anonymous No.58551380]

>>58550290
Wrong
$400 mil

[Anonymous No.58551422]

>>58551372
Very American post. There's is this new hip trend called 'cooking at home'. Try it some time.

[Anonymous No.58551459]

>>58550263
>networth currently 857k
>feel poor as shit
>don’t eat out
>always pack lunch
>2001 Honda Civic with 249k miles
>no new clothes
>wear same style of clothes each day to work (sweater, company polo)
>wagie job
>no debt because fuck that

Don’t know how people do it and spend frivolously even though they can’t afford it. Can’t quit because fuck humiliation type interviews for a new job. Live amongst the wagies and hope they don’t find out or they’ll eat me alive.

[Anonymous No.58551492]

>>58551422
Cooking is for women and queers I only eat frozen pizza and drink mountain dew except for breakfast I drive to McDonald's on my 90 minute drive to work ya damn commie

[Anonymous No.58551613]

>>58551459
Idk how people do it.

I had a rough childhood and would definitely kms if I had to work and be humiliated daily.

[Anonymous No.58552291]

>>58551492
Daily reminder

[Anonymous No.58552302]

>>58550290
You're so wrong anon.

I have $10M and its not even enough to get me laid.

By definition being rich will get you laid, therefore, since I am still a virgin, $10M is not high net worth at all.

[Anonymous No.58552325]

>>58550263
Relevant net worth == your body mass in total gold assets

Treading water net worth == your body mass in total silver assets

At least you're not a debtor == your body mass in total copper assets

French Revolution/Weimar confiscation-hyperinflation bait == anything not denominated in a solid fucking metal including real estate, stocks, bonds, ETFs, crypto, debt etc

[Anonymous No.58552656]

>>58550290
you need around $50m to be what rich used to be in the 2000s, adjusted for real inflation
most luxury yachts they used to get are more expensive than even that now

[Anonymous No.58553628]

>>58552302
I have consistent sex and attention from very young women, and have less than $50k nw.
Skill issue

[Anonymous No.58553648]

>28 years old
>net worth only 250k

[Anonymous No.58553918]

>>58552325
what do you do when executive order 6102 happens again

[Anonymous No.58553961]

>>58552302
>wanting to give money to a useless whore that wouldn't look at you twice
why?

[Anonymous No.58553982]

>>58550290
Fiat is worthless all you need is 1BTC

[Anonymous No.58553994]

>>58550263
>Liquid assets of at least 1m
For the majority of of millionaires most if not all their nw in their home and real estate is not a liquid asset..

[Anonymous No.58554030]

>>58553994
Which is why the condition is there. Having a 800k shitbox doesn't make you a hnwi.

[Anonymous No.58554040]

>>58550263
bruh I'd legit be happy if TUZKI reaches 1M on fucking liquidity, this is not about me anymore is about making it with friends

[Anonymous No.58555271]

>>58550263
I think UHNWI is like $30 mm which does make sense as the cusp of living luxuriously indefinitely. It's not limitless indulgence but it does mean you don't ever really have to even contemplate most expenses and can exist quite comfortably.

[Anonymous No.58555326]

>>58553628
You're 6 feet tall aren't you?