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/biz/ - Business & Finance

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9204518 No.9204518 [Reply] [Original]

I am 25 and have cashed out 100k from crypto.
It is basically all that I have.
I just have a shitty low paying blue collar job and I am thinking about taking that money and travel as far and as long as I can untill I run out of cash. Other option would be investing in something (No idea in what)
What would /biz/ do?

>> No.9204544

why the fuck would you cash out your precious crypto to the despicable centralized currency called USD? invest in HOT now or regret your whole life

>> No.9204547

Buu a hand hauled ice cream cart

>> No.9204554

>>9204518
stick 75% back into crypto, travel with the rest

>> No.9204572

Reinvest it. If you're 100% convinced crypto is dead or dying (unlikely, but whatever), at least put it in boomer stocks after the current correction finishes.

>> No.9204583

>>9204518
Travel is a meme. Scientific studies have shown traveling will not improve your life or happiness level. People want basic needs and companionship. Use your 100k to start a game plan to long term fulfill your basic needs so you can focus on the companionship part.

>> No.9204588
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9204588

>>9204518
Depends what you want out of life.

You could get yourself a block of land in the country somewhere. That would be pretty comfy.

>> No.9204619

100k is basically 1 years salary for the middle class. not even close to retirement funds
pretty pathetic that people here think it's enough to splurge with.

>> No.9204624

>>9204518
>What would /biz/ do?
Stop larping in chinese websites of mongolian origami

>> No.9204662

>>9204619
Well I am not the middle class and I will never make 100k a year. Not even half of it. Apart from that the shit gets taxed as well.
Not saying that 100k is a shitload of money, but it´s something and I´d never be able to travel for a longer period of time, if I wouldn´t have this money

>> No.9204669

>>9204619
Try 2 to 3 in amerifatland

>> No.9204673

>>9204518
>cashing out
>the absolute state of biz

Do you see Warren Buffet cashing out? Jeff Bezos cashing out? Bill Gates cashing out?

They take out dividens or very small percentages. You never accualy cash out.

>> No.9204685

>>9204669
Yeah same here in Germany.
You earn with a good CS degree 50 to 60k a year and that´s pretty good already and can be considered as upper middle class

>> No.9204700

>>9204673
Okay anon. You and >>9204554 are convincing
I guess I´ll cash in then again half of my money

>> No.9204734

>>9204518
from someone that has done this. make sure you leave some cash probably $20k to come back to or at least $20k in coins when you return. You can probably get a few years out of $80k if you do se asia and its worth it but just make sure you have something to come back to. you never know in a few years the $20k could probably turn into $100k making your experience travelling for free.

>> No.9204760

>>9204734
Thanks anon! Appreciate it!

>> No.9204842
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9204842

>>9204518
Well of course y can spend on whatever that made y fell good is enough but remember this that wont last forever. That amount of money y have right now maybe is just like a total gap of one or two years of your hard working which mean right now y just a few years a head of your life, take it as an advantage.

Learn sth useful that will help y get more money to sustain daily need like eating renting or fucking bitches but y had to feel free when y do it like me i'm working as a freelancer programmer, i usually did servlet and spring framework project.

Try to spend time searching about the stock market and many other knid of investing and remember this if y fucked up y will get back to become a wagecucks m8.
>gud luck anons hope y get what y want

>> No.9204875

>>9204842
>is just like a total gap of one or two years of your hard working
More like 4 to 5 years on my fucking job
But thanks for the other input
Still could kill myself afterwards

>> No.9204921

>>9204685
USD? maybe if you're living alone. 60k is borderline low class if you're supporting a family

>> No.9204930

Put the profit into ary and gvt

>> No.9204942

>>9204921
It isn´t anon. Honestly
Not in Germany at least

>> No.9204954

I've travelled a lot, I agree travelling is mostly a meme. Buy some property and let it out, hold it for 10 years and sell.

>> No.9205246

>>9204921
Looked it up you retarded fuck
It isn´t even nearly at 100k in America
I guess you never even worked anything by yourself, nigger