This question is for cereal:

[Anonymous No.13609353]

How much money does one need to garner by the end of their mid 20's to live a relatively financially secure life from then on out, barring black swan events / wreckless behavior, and assuming relatively sound, yet conservative, investment strategies from then on out.

feel free to org into tiers

My supposition is that by 25:

- Sub $50,000 (TIER 'Typical American') worked by the system
- $150,000 (TIER Above Its Above Average, I Swear) - You're certainly not set by any means, but you have enough capital young enough that you can leverage it in meaningful ways over the next decade, plus you have a slightly above average safety net.

$300,000 (TIER 'Beginning to Make It') Youve made enough by this age that you are on the cusp of a pretty nice life style assuming nothing financial goes too poorly. You can potential begin investing in small properties and secure a car/most needed items easily with a tad bit to spare. Despite this you certainly will be working a rather normal job

------------------ From this point on I dont really know... ---------------------------------

$500,000 (TIER "


If you guys could chime in on whether my assumptions are right and perhaps carry the list out to $1m I'll imagine blowing you?

[Anonymous No.13609365]

>>13609353
27 and only worth $45k. Might as well just kms

[Anonymous No.13609384]

>>13609365
lol youre taking it from the guy asking the question. I could be very wrong my guy.

[Anonymous No.13609415]

>>13609384
I'm just kidding Anon. I am unironically going to 100x my crypto investments in the next few years. It's only a matter of time.

[Anonymous No.13609445]

My goal is 250k net worth by the time I turn 27 (officially "late 20s")

Currently around 90k and just turned 24

That said, most Americans have a negative net worth in their mid 20s and don't even hit their first 100k savings until their early 30s

[Anonymous No.13609475]

>>13609353
You need 3 million dollars. With that much, you can put it in an index earning on the average 8%. Use 4% for living expenses and the other 5% to pay taxes on what you are living on and grow the principal to keep pace with inflation. This gives you $120,000 a year to live on then you just adjust that up a little every year as the CPI increases. That should be enough to live very comfortably in 'Murrica. That's my plan.

[Anonymous No.13609479]

>>13609475
>Use 4% for living expenses and the other 5%
Use 4% for living expenses and the other 4%.
I meant 4%. Blame it on the lack of coffee

[Anonymous No.13609493]

>>13609415
oh really? whats in your wallet?

>>13609445
good goals anon, but does quite answer the question lol

>>13609475
that same thing is decently viable at $1,000,000 youd just still need to work. but it could be literally anything at all. Like you could basically walk dogs professionally and be fine. Thats kind of where I see base level security. The point at which, almost any job in the country is enough for you to live a nice 6 figure life and growing.

[Anonymous No.13609497]

>>13609353
21 BTC

[Anonymous No.13609501]

I'm 27 and have 80k and even then have no hope of ever retiring, most people my age have literally nothing saved and live paycheck to paycheck

[Anonymous No.13609503]

>>13609493
>that same thing is decently viable at $1,000,000 youd just still need to work. but it could be literally anything at all. Like you could basically walk dogs professionally and be fine. Thats kind of where I see base level security. The point at which, almost any job in the country is enough for you to live a nice 6 figure life and growing.
If you're into the whole casual work thing, you could do something like Uber or Shipt, the latter is the thing where you go and buy peoples' groceries and deliver them. I know a girl who makes a couple of hundred a week doing that. There's also the possibility of donating plasma. You are helping people and getting paid $400 a month (at least that's what they pay here in Florida) for your troubles.

[Anonymous No.13609518]

>>13609503
literally plasma and donating my nut seed could land like $600. Plus Uber super part time, part of the year, and youre looking at a pretty green year.

>>13609501
at what number and age would you find that hope,?

[Anonymous No.13609544]

>>13609353
https://www.visualcapitalist.com/american-income-levels-by-age-group/
https://www.valuepenguin.com/banking/average-savings-account-balance#median-savings-balance-by-age

I would guess most of us on biz who aren’t neets are well above the median numbers. It’s amazing how fucked most people are financially.

[Anonymous No.13609547]

>>13609475
>you need $120,000 a year to live comfortably
How out of touch with reality are you?

[Anonymous No.13609566]

>>13609493
>good goals anon, but does quite answer the question lol
It was a pretty poorly worded question so I just chimed in.

What exactly are you asking? How many assets one needs by age 25 to never work again and have a comfortable life? That depends on a million and a half variables and is not really achievable in 99% of circumstances. Pretty much takes a crazy windfall like inheriting/launching a business that you then sell.

[Anonymous No.13609568]

1 payed off rented out house (300k), 1 mostly automated remote business, 38k link, bunch of etfs (not been a focus though)
t. 28 and /madeit/

[Anonymous No.13609570]

What you need depends on several things; Where you live, what your debt is,etc.

I make shit (under 27k) but I live in a low col state and I have zero debt aside from my house. I'm 36.

My workplace has a pension plan, it also has a 401k plan as well. I'm in both. I can retire at 50 with full benefits. By the time I hit 65 I'll have 174- 180k in income coming my way. This does not count S.S income. It don't count any profit I make from my stocks other than Divvy income either.

Since I have zero debt and the col rate is low, 170k is perfectly fine, even after inflation. Again I'm doing pretty good on a puny 27k as it is, so we're talking a 143k increase in income.

[Anonymous No.13609579]

>>13609547
>>you need $120,000 a year to live comfortably
>How out of touch with reality are you?
What can I say I like nice things and I like living in an urban environment. Admittedly I could scrape by on 20k which is easily doable with a principal of 500k.

[Anonymous No.13609581]

>>13609353
rule of thumb is to have a year of your income saved into a 401k by the time you're 30. obviously you would want way more than that by then, but that's the minimum. 25 you're just out of school so you likely won't have savings unless you are in STEM, went into trades instead of college and started working earlier, or had school paid for you

[Anonymous No.13609592]

>>13609501
that's actually not bad anon. most americans have no retirement savings. Try to hit 100k by the time you're 30 and that should compound nicely as long as you keep adding to it

[Anonymous No.13609601]

>>13609544
>https://www.valuepenguin.com/banking/average-savings-account-balance#median-savings-balance-by-age
idk how much i'd take from this; i dont have more than a few thousand in my savings account as i have everything else invested. the savings account is just for emergency fund stuff.

[Anonymous No.13609603]

>>13609592
I would have 110k right now but I fucked up while trading lmao

[Anonymous No.13609607]

>>13609568
any tips on the business anon? I'd love to have some side income if yours makes you decent money

[Anonymous No.13609619]

>>13609603
i really need to stop doing individual replies lmao. no worries m8. that number is meant to be a barometer for your savings rate, not a 'meet this then save no more'. So you have to keep saving at the rate that you're expecting to hit your yearly income at 30 years old

[Anonymous No.13609632]

>>13609570
Will I be a rich fuck? Prob not, unless PINS does really really good over the next decade. But when I retire at least I can just kick back and not worry about anything.

[Anonymous No.13609650]

>>13609601
Sure, it also doesn’t include debts.
Thing to remember is our projection. Our brains can’t perfectly model people as completely modeling another person would require a second brain and access to all their inputs. 50 people would require 50x those resources. So instead of that we project. We assume everyone is just like us and then keep track of the differences.
This is why smart people often believe the dumb can make if they just had a little help. And it’s why dumb people think the smart stole everything they have.
Point is, if you’re doing alright you’ll be inclined to think most people also are.

[Anonymous No.13609658]

>>13609353
30 year old, white male here.

I'd say by the end of your 20s, you should have about $100k net worth to be in the 'above average' category and $200-300k to be in excellent standing. Aim for a high amount of liquidity.

I consider myself merely okay with my money and have a net worth of about $100k, mostly liquid. But take all this with a grain of salt, because the average (median technically) American lives paycheck to paycheck, and something like 50% of them can't afford a $500 emergency. Just anecdotally, I'm much further ahead of all my peers financially, and it really does get easier to make money after you clear your first $100k.

Hope my perspective helps.

[Anonymous No.13609662]

>>13609493
Bitcoin is the only sure bet, but I recommend you buy yourself an Urbit star, FOAM and Handshake coins.

[Anonymous No.13609676]

According to Fidelity, for the average person to be on track for normal retirement they should aim to have 1x their salary as savings by the time they hit 30.

[Anonymous No.13609684]

>>13609353
a NEET can live comfortably in the US with around 1.5k a month (low cost area like texas), so 18k a year

given the 4% withdrawal rule, you need to accumulate 450k, put it all in an ETF, and after that you can live forever by investing in the market and withdrawing the 18k every year

[Anonymous No.13609689]

>>13609570
I figured it up; assuming Mr Murphy don't fuck with me to bad between now and age 65 I'll have this:

$48k (or more) - Pension
$70k (or more) - 401k
$30k (or more) - Divvy income
$70k (or more) - bank

I rounded it down to 170k just cause I know "Mr Murphy" will hit me at some point

No debt other than house so thank god for that. I make shit to (27k)

[Anonymous No.13609696]

>>13609676
what if your salary is multi-six figures? kind of changes things doesnt it? seems like they should be more specific

[Anonymous No.13609713]

>>13609696
Not really because savings should scale directly with income and if you're not a lifestyle inflation idiot

[Anonymous No.13609774]

>>13609658

100k certainly isn't wealth though. I mean sure, you've been prudent during your first decade in the workforce but that's all savings from your labour. You're stuck in the boomer mentality of living to work and save money, which will eventually mean that you trade your youth for wealth.

What we have to endeavor to do is short circuit the system to make ourselves wealthy with investments.

[Anonymous No.13609778]

>>13609713
Savings scales superlinearly with income. Your expenses are constant.

[Anonymous No.13609789]

>>13609774
>What we have to endeavor to do is short circuit the system to make ourselves wealthy with investments.

Name an investment one can make in their 20s that doesn't require a large amount of wealth then.

Hard mode: one can be done while working a 40 hr/week job and isn't crypto or le real estate meme

[Anonymous No.13609821]

>>13609789
you can teach yourself to code and get a job that pays 100k/year

[Anonymous No.13609835]

>>13609821
But I already have a job I like that pays me well enough to be financially comfortable and I don't like coding

[Anonymous No.13609836]

>>13609789
>Name an investment one can make in their 20s that doesn't require a large amount of wealth then.
If you don't have any money then anything you do will have to start small. The key is find something that you can reinvest your gains back into and compound. Affiliate marketing fits the bill. Get an affiliate account with eBay or Amazon then make some websites shilling products. With the money you get from that, make more websites. After a while, automate the process.
I know this works cuz I did this starting with 20 sites and built it up to several thousand over the course of a year bringing in quite a bit of cash. I then spent some of that money on bitcoins and made even more.

[Anonymous No.13609895]

>>13609836
>Affiliate marketing
How do you determine which products to create websites for?
What is the process of creating the website like? What technical skills are needed? How much does it cost? how long does each one take?
What is the profit based on? How many visitors? How do you maximize your visitors?
How do Amazon/eBay pay you?
What is the overall time:profit ratio?

[Anonymous No.13609944]

>>13609895
>How do you determine which products to create websites for?
Using the eBay and Amazon api, I run a script that pulls their listings and categories looking for common keyword combinations then run what I get through Google's keyword tool to look for niches that aren't saturated, i.e., high monthly visitors but low ranked sites on page 1
>What is the process of creating the website like? What technical skills are needed? How much does it cost? how long does each one take?
You can use wordpress to make the sites with which requires almost no expertise as it has a WYSIWYG editor. A domain name is less than $2 and shared hosting can be had for under $5 a month. You should be able to host over 100 sites on a single host. You can make a site in a day as a beginner. Experience makes you faster.
>What is the profit based on? How many visitors? How do you maximize your visitors?
Profit is based on people clicking on ads on your site then buying products. You maximize visitors by tricking Google's algorithm into ranking your site high for the keywords you get from Amazon/eBay I mentioned in my first answer.
>How do Amazon/eBay pay you?
The send the money straight to your bank account every month. There is a dashboard you can look at that lets you know up to the moment how much you have coming.
>What is the overall time:profit ratio?
It takes me an hour to make a site and a site brings in about $10 a month. I make about 300 sites a month and currently have like 2000 bringing in 20k. So 2000 hours (6 months of work) and I make about 250k a year.

[Anonymous No.13609980]

>>13609789

To /makeit/ you need some existing wealth and to distribute into something extremely volatile that has the potential to give you 100%-1000% gains.

I will now list some historical examples.

1. Buying the FANG tech stocks from the period of 2009 to 2011 and holding until now.

2. Crypto from the same period until December 2017.

3. Real estate from the 2009-2011 lows until the 2018 highs.

This is hard shit to do, but if you get it right you reap the rewards. Of course, if you get it wrong you stagnate or lose everything, but that's a risk I am willing to take at least.

Be greedy when others are fearful. (buy the lows in the market)

Be fearful when others are greedy. (exit positions when the VIX is at all time lows and CNBC has headlines like the stockmarket "can't stop, won't stop")

[Anonymous No.13610018]

>>13609684
This is actually within my grasp. I've come to terms with never accumulating enough money to be financially independent in Scandinavia so I'll just move to a SEA country once I hit above this threshold. Spend the remainder of my life hiking, doing photography, painting, carpentry and fucking gooks until my dick rots off.

[Anonymous No.13610676]

>>13609353

I graduated college at 23 in 2017 (went for 5 years) with -30k net worth from student loans. 2 years later with around 60k net worth. If I hadn't been a dumbfuck and not worked at all in college I could have been in the 6 figure club by now. Oh well.

[Anonymous No.13610702]

>>13609547

If you live in the US your portfolio is going to get BLACKED by health care expenses especially in your later years.

[Anonymous No.13610727]

>>13609676

might apply to most people but if you're in a situation where your income suddenly rockets up at some point in your 20's it doesn't work too well.

[Anonymous No.13610734]

I'm 27, I have 100k in crypto, gold and some random forex shitcurrencies. Looking to invest in some stocks too now

[Anonymous No.13610737]

>>13609475
Basically this
https://www.youtube.com/watch?v=qGC9FY65HBo

[Anonymous No.13610942]

>>13609353
it comes down to your expenses.
other posts are right about 4%.
take your yearly expenses and multiply by 25 and that's how much you need to live off 4%.

expenses vary wildly and are all about what you're willing to do. if you're willing to live with roommates or the middle of nowhere or if you want a car, or a new phone every year, etc.
if i was living like I was in college, no car, 4 roommates, i could be financially independent with 300k
if i wanted to be financially independent with a new car ever 3 years it would be 1.5 mil
if i wanted to be financially independent the way i live now it would be 900k
good luck

[Anonymous No.13611510]

>>13609353
I sold a company for $22M that I started. I owned 21% by the time things were over and paid 0 in capital gains because of obama. Look up QSBS it's a god send.

Still unsure if the sacrifice was worht it. I'm 30 now and my 20s are gone. not sure what to do with my life and the bay area is expensive so 4m doesn't buy much.

[Anonymous No.13611568]

>>13609493
>that same thing is decently viable at $1,000,000 youd just still need to work.
>youd just still need to work.
If you still need to work then clearly isn't the same thing. One is being a rich neet while the other is being a rich wagecuck

[Anonymous No.13611829]

>>13611510
what kind of services does the company provide?

[Anonymous No.13611903]

>>13611829
We manufactured a relatively niche scientific tool. Company was essentially software + commodity parts + operations + lots of marketing = win.

Stayed very niche and dominated the space by advertising online and going to conferences

[Anonymous No.13611925]

>>13609689
I don't know who the fuck Mr. Murphy is and I want to call you a boomer that's out of touch with that kind of language, but anon you genuinely seem like you've got your life on track and are content with where you're heading. That's more than most people have, and I respect that, and I hope you respect yourself.

[Anonymous No.13611932]

>>13611925
You can tell he's a weird boomer for talking like that, but he is talking about Murphy's Law. (Murphy's Law = everything that can go wrong will go wrong)

[Anonymous No.13612074]

>>13611510
>Still unsure if the sacrifice was worht it. I'm 30 now and my 20s are gone. not sure what to do with my life and the bay area is expensive so 4m doesn't buy much.
man that's a hell of a lot better than spending your 20s waging and having shit all in your 30s like almost everyone else, I wish I had an opportunity like that.
consider leaving the bay area and living like a king in retirement pursuing your own hobbies/passions in most other areas of the country, you're a rich man with 160k/year passive income for life

[Anonymous No.13612183]

>>13609518
how does one donate semen? Around here you have to have full medical background records at least to your grandparents on both sides, have a college degree, and be 6 foot.

[Anonymous No.13612247]

>>13609544
This
The fact people here consciously give a fuck about their finances means they’re probably above the average