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/biz/ - Business & Finance

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9688590 No.9688590 [Reply] [Original]

I'm close to having $500k in assets. I'm a EU citizen and 28 years old. How do I retire? I can't work for another 40 years I will go insane.

>> No.9688595

>>9688590
>How do I retire
Acquire another $9,500,000 in assets.

>> No.9688603

>>9688595
nah u can retire on 2m

not on 500k tho

>> No.9688604
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9688604

>>9688590
it is not enough

>> No.9688607

>>9688590
Invest 150K $ in MAN.
Buy a house in a big city with 250K$ and rent it out.
Keep 100K$ in your bank account to live from the next 5-6 years.

>> No.9688611

>>9688590
The taxes they will impose to house, feed and "assimilate" the migrants will bleed you dry in 10 years mate.
You're fucked.

>> No.9688617

move to eastern european country, get a flat (you can get a very decent one for $25k), separate your money into several banks with 2-3% ROI and you're done

>> No.9688618

>>9688603
>>9688604
>>9688595

Is it doable if I get a part time? Could work 15 hours a week

>> No.9688625

Literally put 100k of it on eth
>Wait 2 years
>1 mil

ez

You're fucking retarded if this isn't what you are doing.

>> No.9688629

>>9688611
I'm ok with leaving EU

>> No.9688641

>>9688595
Why would you need 8 figures just to retire? People do it with $1.5 million, even, not that you should aim that low

>> No.9688645

>>9688629
move to ukraine, thank me later

>> No.9688647

>>9688625
put 100k into eth
lose it all in parity wallet
mfw

>> No.9688649

This is easy: 1) Move to Laos. 2) Retire

>> No.9688668

>>9688618
I’m in the same mindset as you OP got $200k and once I hit $600k I’ll withdraw 100k to pay off my mortgage and probably work part time. It’ll be comfier than having to work 12hour shifts now.

>> No.9688687

>>9688618
how much do you earn cucking now?

>> No.9688696

>>9688668
Yeah I think working part time is doable and its probably a good way to get out of the apartment

>>9688687
Around $4300 a month after the goverment takes their "fair" part. 37-40 hours a week

>> No.9688735

>>9688696
you 3 - 4x you disposable income by cucking, if you want a comfy retirement spend your time being a good cuck, spend less and save more

>> No.9688778

>>9688647
Youre a fucking retard if you let anyone else be in charge of your money. Parity was an over lay service.

>> No.9688897

Eastern regions of Poland, Hungary, or Slovakia. Low cost of living, but still within the EU. Find a town with a population of 30-50k. Real estate there should be very cheap. Get rid of your car, everything will be within walking distance. Health insurance will be extremely cheap. Stay single. Always cook your own food. Reduce meat consumption to once a week. Embrace frugality.

I own a decently sized (79 sqm) flat worth about 45k eur. I have no debt. When I was unemployed for 6 months recently, my total expenses were under 400 eur a month. My portfolio is not large enough to support that yet, but yours is.

>> No.9689057

>>9688897
worst plan ive ever heard. Lets move into a cold ass shitty drunk country

Just move to portugal and avoid the big cities. Enjoy the sun and the cheap life.

>> No.9689183

>>9688590
Funding margin trading on bitfinex, 0,0005% every Day. 20-25% passive income every year . 250 dollarinos every Day with 500k. Ive bin looking into this, sounds too good to be true. Am i retarded? Or is this true?

>> No.9689197

>>9688590
Since everything is at a peak, every advice is retarded.

Buy some condos to rent out and buy some pm...i wouldn't Go deep as fuck in bonds or stocks rn

>> No.9689222

>>9688735
that's cuck thinking.

the true comfy retirement is finding something to make you shitloads of money so you don't have to scrimp and save your whole life like a fucking cuck.

>> No.9689249

>>9688590
move to thailand

>> No.9689287

>>9688590

Don't think they'll be enough. How much do you spend a month? Figure that out and find out how much money you need for the year then multiply by 25. That's how much money you need at least.

>> No.9689739

>>9689057
Any particular towns in Portugal that you would recommend? Not looking for big cities but I don't want to live in some small village either.

>> No.9689783

>>9688668
>got $200k and once I hit $600k...


this is how you end up with 0k

trust me :(

>> No.9689803

in poland you will be milionaire. buy 3 flats and rent it

>> No.9689829

>>9689183
inb4 Bitfinex goes the way of Mt. Gox and you lose your 500k

admittedly, the probability of that happening is small, but it is very well there and losing all that money is a big deal.

>> No.9689836

>>9688590
Buy gold, wait 6 months to a year for the next credit crisis, but rental property

>> No.9689915

>>9689836
Depends where he lives. Not all properties will be effected.