This is why 500k-1M is life changing money

[Anonymous No.59148284]

>S&P returns 10.5% a year on average (before inflation), 7% a year after inflation
>if you have 500k in the S&P you will literally make an average of 50k in one year just for doing nothing
>if you have 1M you will make an average of 100k that year for doing literally nothing

The average wagie job is paying 50-100k a year, most wagies are barely treading water and live paycheck to paycheck. Having just 500k means that your wealth will grow significantly on its own at a decent rate relative to the average wage in a 1st world country.

You can literally just SIT BACK on autopilot, coast at your job working just hard enough to not get fired, and spend 100% of your paycheck on dumb shit. As long as you don’t touch your nest egg it will grow on its own at a good pace.

Imagine someone making 70k/yr starting from 0, they will struggle to save even $1000 a month after expenses and fun spending. That’s 12k/year in saving. If you have 500k your stash will go up by 50k on its own, 4x the savings rate of the 70k/yr wagie.

[Anonymous No.59148303]

>>59148284
>amass 25x yearly expenses
>dump it all into btc (or ltc if you're a sadist)
>geomaxx coz you dont need a job anymore (rural japan can support a family of 3 for 10k usd/year)

I like my plan better. self custody, no jewish counterparty, no taxes if you're smart about it, plus stocks will underperform for the next 10 years since they've done too well recently. of all people in this world bizanons should have the skills to live life without relying on jewish institutions to feed them.

[Anonymous No.59148306]

This has aspects of a truth nuke to it.
A 7% real return is probably a little high to bank on continuing in the future, as the US over-performance in stocks has come from raising valuations over the decades rather than outsized revenue growth.
On the other hand though your stock returns should be taxed much lower than income is.
Definitely a milly or high-six figures is an amazing base for building wealth going forwards.

[Anonymous No.59148320]

>>59148303
>no taxes if you're smart about it
Or just invest it and you don't even have to be smart about taxes. The lowest capital gains tax bracket is 0% and goes up to 90k/yr.
>but muh jews
sorry I can't hear you over the sound of my surging multimillion dollar portfolio.

[Anonymous No.59148327]

>>59148306
>your stock returns should be taxed much lower than income is.
They are, and its not even close.

[Anonymous No.59148333]

>>59148284
except we can have 2 decades of crabbing like we already had in the past

[Anonymous No.59148354]

>>59148320
this is a crypto board. go to smg nigger.

[Anonymous No.59148357]

>>59148303
>>59148320
>amass 25x yearly expenses
>dump it all into btc
What's the point in risking your 25 years of labor if you already have enough to cruise off the S&P?
>geomaxx (rural japan)
Yeah, but then you miss out on your family/friends/dating white girls

[Anonymous No.59148359]

>>59148333
And the s&p still averaged 12.5% over that 30 year period.

[Anonymous No.59148360]

the problem is getting that much capital in the first place, how will some average guy get 500k in savings to put in the S&P? at least crypto has some way of getting capital but you have to be very lucky or be an insider

[Anonymous No.59148374]

>>59148284
That's why I want 1 million and then coast on doing random jobs until I find what I like, then do that for 3 days per week to keep me from being a complete recluse. There are plenty jobs that pay shit but are actually fun. Much more than agile/scrum in an open office fuck my life.
Keep growing my stack but take some whenever I feel like traveling, buying a new camera, nice food.

[Anonymous No.59148383]

>S&P500 stalls for 15 years like before
Not such why this is overlooked, everyone has a weird amnesia pre-2015. This "index fund only gongo up it's shrimple bro" is basically only true for the past 9 years.

[Anonymous No.59148384]

>>59148360
Just take a bit more risk. Don't do leverage or options. Don't overtrade.
T. 350k euros invested on a 50k salary.

[Anonymous No.59148410]

>>59148383
>muh great recession
And despite that, the s&p 500 has still averaged 12.5% per year over the last 30 years.

[Anonymous No.59148422]

>>59148357
you're making the assumption that its "safer" and will even be around in the future. I dont think that way. there's nothing safer than self custody of a decentralised global asset IMO. we might have been born into us hegemony but it could very well change.

>dating white girls
its all yours for the taking. I dont care about them at all.

[Anonymous No.59148478]

>>59148284
yes, this is roughly where you can begin to say you are lower middle class. you could be making that much a year and spending every dime...that would be lower class despite massive earned income

[Anonymous No.59148486]

>>59148284
I have about 215k invested in index funds at 28 years old. Am I gonna make it?

[Anonymous No.59148578]

>>59148284
>assuming the us is not in decadency and in its last good years

[Anonymous No.59148706]

>>59148303
>work that hard to throw all your genetics into some japs
retard

[Anonymous No.59148725]

>>59148706
you don't need a japanese wife to do this, look at pewdipie.
although i still would rather stay where i am, the countryside is getting cheaper everywhere due to fewer jobs

[Anonymous No.59148735]

>>59148303
>da joos
Anyways I genuinely would like to own property in rural Japan. A little ski chalet where I can ski, brakusmithu traditional nippon steel, and ride motorcycles. Would be nice.

[Anonymous No.59148736]

>>59148303
>go be in an immigrant in a place thats only nice because no immigrants

westerners literally are like this

[Anonymous No.59148796]

>>59148284
And how is one supposed to get 500k to begin with? Obviously life gets easier once you get half a million, but getting that much capital in the first place is out of reach for the vast majority of people that aren't boomers.

[Anonymous No.59148803]

>>59148796
For most? Daddy's money. That or 20 years of saving.

[Anonymous No.59148812]

>>59148803
Agree with having rich parents; however, most people can barely save anything after bills. Saving a thousand a month is considered god-tier amongst normies.

[Anonymous No.59148822]

>>59148812
Is it really? I used to be able to do that before getting a girlfriend. I do live way below my means tho

[Anonymous No.59148825]

G

[Anonymous No.59148844]

>>59148822
It is, most millennials and zoomers are screwed for life and won't likely ever be able to retire.

[Anonymous No.59148891]

>>59148284
The average wagie job is paying between $30k and $70k. $100k is nowhere near average. That is the household income average of two wagies.

[Anonymous No.59148908]

>>59148891
Exactly, most of the country is in a sad state financially, getting that 500k in the first place just isn't possible without sheer luck.

[Anonymous No.59148921]

>>59148284
It's all very interesting. My boss took out a $3.5 million loan to buy a business in 2020. His interest rate is 3% the loan is also collateralized by his other business and his home. If he had put the $3.5 million into an index fund like you are suggesting here he would have had tremendous gains and would have easily been able to make payments on the loan, instead he has worked more than 60 hours a week and mismanaged both of his businesses while making far less than if he had just sat around doing nothing.

[Anonymous No.59148930]

>>59148921
VOO and chill isn't just a meme...it may be boring but it's guaranteed long term wealth. The only real issue is getting that 500k capital to begin with that is out of reach for the vast majority that aren't boomers.

[Anonymous No.59148939]

I’m a VTSAX chad. Once I reach 500k, I’m probably just coast till retirement age, assuming the US market doesn’t go all Fubar. I feel like I should probably diversify and get some international stocks at some point

[Anonymous No.59148956]

>>59148930
If there was such a thing as guaranteed growth I'd out my money into the stock market, left in 2021 at the peak. Awaiting doom. Tell me, what makes anyone think the future America is gonna perform as good as the past 30 years? The dollar death is upon us and you're all openly fucking more schizo than /pol/sters screaming hitler and stalin at each other, massive debt and high inflation. Until I see some stability I won't dare throw my money on anything other than PMs, land, forest, rentals in good countries for renting out. I'm only good for 1 mil in total subtracting loans but I'd be fucking stressed out to max if it was all in a shitty index fund during hyperinflation in the US. Don't worry, soon enough everyone is gonna be a dollar millionaire. My focus is using my assets to avoid poverty and war for my wife and kids, having living places in several parts of the world and a good skillset.

[Anonymous No.59148957]

>>59148844
>retire
They can't even afford to raise a family. Zoomers will be the generation with the highest statistic for people dying alone.

[Anonymous No.59148959]

>>59148957
Dying alone doesn't sound so bad compared to dying destitute, most millennials and zoomers are completely fucked from the get go unless something drastic happens.

[Anonymous No.59148988]

>>59148908
500k is definitely hard to get a hold of for wagies unexposed to passive income. but if you were around for crypto since 2016 like a lot of us here its literally the worst you could have done. even starting during covid with the free gibs could have gotten you there. the opportunities were there for people even without jobs.

[Anonymous No.59148991]

>>59148959
No family = no future. I know I will sound like a /pol/tard but that one is hard to refute, foundation of every society are families, if people create families then the future of given society is fucked. Look at south korea as its prime example; that's where we are headed.
I'm a retard so I do hope I'm wrong, but, my prediction is that judging by the fact jobs are harder to get, they pay less and less and money you earn can buy fuck all is a pattern and could potentially be used to extrapolate critical point. What is the critical point you ask? My guess its another 1930s level of depression, but this time it would be somewhat different with the corporations and governments having a hard on on pushing AI and robots to actually finally replace us. When exactly? No fucking idea but the earliest is when zoomers start to turn 40-50 and the kids they never had were suppose to enter the workforce. What happens after that is more of a soon not be sci-fi speculations.

[Anonymous No.59148994]

>>59148991
>if people CANT create families then the future of given society is fucked
curse my retarded brain

[Anonymous No.59148999]

>>59148284
And how are you guaranteed that stocks don’t plummet? There is no guarantee that your money is safe. Ten years is a long time to wait on just a ROI before you even make profit. If institutions decide fuck you, and decide to just close down shop and take your money what the fuck are you going to do? Better to stock up on ammo, guns, preserved food and survival skills max. Plus it seems a lot safer to me if you want to be conservative with your money to just take a portion of your savings and buy the bottom of BTC when it inevitably crashes again, and then take easy profits when it inevitably rises and then rinse and repeat. It’s extremely low risk, and you would make far more money than your money sitting in stocks while we face constant inflation.

[Anonymous No.59149005]

>>59148991
Can't disagree with you...the issue is the foundation for creating a family in the first place just isn't there anymore. If I had the choice between dying alone financially sound vs dying destitute with a family, I would pick the former. Bringing children into a hellscape that will continue to decay over time doesn't sound so appealing.

[Anonymous No.59149008]

>>59148999
Obviously the SPX can crash, but it always recovers and if it doesn't...then we have more serious issues to worry about where the stuff mentioned in the OP doesn't even matter anymore.

[Anonymous No.59149019]

>>59149005
You misunderstood. You say that personally you WONT for some personal and/or philosophical reasons. I say they CANT. Most people still want to create a family, to bond with each other, to create communities, but they can not afford to do so in literal sense. Can't create bonds, families, art, institutions, friendships or anything really if you work 40+ hours and still can't afford proper nutrition, a car or in some worse scenarios rent and heating in winter. Met few anons who unironically died last winter because they couldn't afford rent and became homeless during the virus and even last year at winter.

[Anonymous No.59149026]

>>59149019
Good points, can't argue with you there. Worst part is, I can't really think of any tangential solutions to this, it's kind of like a slow suicide.

[Anonymous No.59149053]

>>59149026
>tangential solutions to this,
History has the answers, sadly, they are more than often written in blood one way another; all be it next solution might written in binary instead.

[Anonymous No.59149059]

>>59149053
The thing is, porn and vidya didn't exist in the past when those violent uprisings happened. Also the time period after such violent happenings was always worst...just like the saying that things much get much worst before they get better.

[Anonymous No.59149061]

>>59149059
*worse

[Anonymous No.59149076]

>>59149059
porn and vidya are the symptoms, not the cause. So was gin and vodka, ether, opium and maybe some more but I do not remember right now. Those are vices and their use, or rather abuse, always increases as the need for coping with the terrible increases.

[Anonymous No.59149482]

>>59148735
Sounds fun, Yael!

[Anonymous No.59149699]

>>59148357
>dating white girls
Kek.

[Anonymous No.59150086]

>>59148284
>>59148359
>>59148930
>>59148939
>>59149008
you guys need to zoom out. stocks don’t actually only go up. they go up for 10 years and then sideways for 20 years, and this pattern has very roughly repeated for over 100 years. and right now they’ve been going up for over 10 years. look up “shiller pe ratio” and “buffet indicator” if you want to see why stocks are unlikely to offer any positive return at all (especially when adjusted for inflation) in the next decade or two.

[Anonymous No.59150117]

>>59150086
>zoom out
zoom up

[Anonymous No.59150139]

im going to retire in less than a decade before 40, and i'll tell you exactly how I did it
1. get a skill. I learned to code.
2. worked really hard, lots of long hours. job hop, always be a top performer.
3. lived on 50% of income
4. invested the other half

it's stupid to spend time pondering the question if 500 or 1000k is life changing money. what you should be thinking about is how you're going to make your first few hundred thousand dollars. unless you were born rich (ie legit lucky) you're starting from zero or near zero like most of us and have to do the work.

THE ONLY way to live without working a wagie day job LONG TERM is to amass 25x expenses.

[Anonymous No.59150343]

>>59150086
>>59150117
>log
>linear
not to mention not adjusted for inflation
moron

[Anonymous No.59150409]

>>59148303
what is it with you fags and geomaxxing to Japan/SEA. Do you realize you'll never be accepted there, and everyone will hate you. You won't speak the language fluently and you'll constantly be ripped off. Especially in the countryside you'll get ass fucked. You'll literally be the biggest outsider, and the locals and government will everything they can to make you feel unwelcome. You will struggle, and your fantasy about anime land will shatter. Not only that, you are betraying your own race, thousands of years of your ancestors washed away because you are a societal reject. It's incredibly pathetic lmao can't wait for you to try and fail. Why not focus on fixing the West? You're a traitor, Fuck you for abandoning our great revival, your lineage dies with you

[Anonymous No.59150419]

>>59149026
You would have to revoke female rights. Sorry if that makes me a misogynist or a chud or whatever but you can't have female rights and a functional society at the same time. It just doesn't work. The facts are in at this point. Every place that tries feminism ends up with a below replacement birth rate and an absolutely fucked up social situation.
Unfortunately there is no democratic mechanism for revoking female rights since women will never voluntarily assent to it, so we are going to crash and burn. It's baked in at this point.

[Anonymous No.59150523]

>>59148796
Intellect + Sociopathy

[Anonymous No.59150773]

>>59150409
hesrightyouknow.bat

[Anonymous No.59150785]

>>59150409
I already rent a house for 300 a year in japan and stay there half the year. I dont care about your opinions. stay mad nigger lover.

[Anonymous No.59150847]

>>59150785
>I already rent a house for 300 a year in japan and stay there half the year
and you're despised. you will never be Japanese. you will always be an outsider to them, never one of their own. it's pathetic, you're nothing but a leech. go fuck yourself, traitor

[Anonymous No.59151027]

successbros how do i make it im too much of a cowardly dullard to know anything about investing
200k sitting in the bank wasting away
full time job
no house or debts

[Anonymous No.59151046]

>>59151027
>200k sitting in the bank wasting away
with zero yield? cursed
you already have a big lump of cash and it seems like you have a high-paying job for adding to the pile, so dont worry about taking on much risk or getting over being "cowardly"
put that 200k in a HYSA and/or open a brokerage account to exclusively buy some boomer fund like VOO or VTI (sp500 and total us stock market funds, respectively)

[Anonymous No.59151055]

>>59151046
it gets 5% but im sure there is a way to do better
>put that 200k in a HYSA and/or open a brokerage account to exclusively buy some boomer fund like VOO or VTI (sp500 and total us stock market funds, respectively)
i dont know what any of that means
is putting money into a house bad? feels bad to live with family but also house prices are fucked

[Anonymous No.59151064]

>>59151027
if i were in your shoes i'd just leave it for several months earning 4.5%. I suspect a major down turn in the next 6 months. At that point dollar cost average into the SP500 over about a year.

[Anonymous No.59151079]

>>59148284
thats literally what I am doing.

[Anonymous No.59151080]

>>59150086
So when did our 15 years if pain start?

[Anonymous No.59151086]

>>59151055
>it gets 5%
nvm, good stuff
HYSA = high yield savings account, your moneys likely already in one to be getting that kind of yield
getting a house wouldnt be bad necessarily, but its a huge expense that will only serve to deplete your money while living with family is free (or at least costs way less).
im in a similar spot and will choose family for as long as i can to avoid digging into my assets/cash
this is especially true if the feeling bad part only comes from societal pressure and not your family being bad to be around

[Anonymous No.59151200]

>>59148284
it is possible s&p will be at the same price years from now if there is a recession. maybe even 10. So you still have to hedge with some bonds and your average return won't be that much maybe 5 percent at best. minus inflation it will be a 2% real return. So you need 5 million dollars to provide a 100k yearly income forever

[Anonymous No.59151207]

>>59150086
No one can predict if they will or not. It is just sligly more likely what you say. Buffet and Graham approve this message

[Anonymous No.59151211]

>>59151080
next year

[Anonymous No.59151217]

>>59148822
considering people get into debt so often for every day expenses and vanity acquisitions like cars they can't afford...

[Anonymous No.59151294]

>>59151211
Thanks, just what I needed, 25 years of pain to start at 39. When pain is over, I will be a lot a ripe age of 55. Can finally make gains then.

[Anonymous No.59151340]

>>59148284
In order to realize the returns you have to sell though. how many years until you sell your whole stack?