/biz/ - Business & Finance

At what age did you realize you're an absolute moron if you can't multiply a million dollars in a free country.

It may not be a lot, but it's plenty to work with.

As soon as you get one million dollars.

>>30017147
This has nothing to do with this >>30017013

>>30017013
This is kinda true for any dollar amount. When I was flat broke, $100 was an insane amount to lose but was almost nothing to gain. Then I moved up and $1000 became an insane amount to lose but not a lot to gain. Now I'm at the $10k tier, where losing $10k would be awful but if someone gave it to me there isn't a lot I could do with it. I assume this goes forever until you hit 50million but.... Then again I assume people at that tier feel the same way

>>30017371
yes, it does

>>30017013
>At what age did you realize a million dollars wasn't even that much
About the same age I started smoking and fingering girls: 14.

when i made my first million on GTA

>>30017567
At best, you're saying a million dollars is enough to get you started toward real money which confirms my original point that it's not that much

at what age was your cope "Yeah... well a million dollars isn't even that much"

>>30017013
I live in a country where you can easily make it at half a million.

>>30018061
everyone wants 1M though, If I had 1M we wouldn't even be talking to eachother
sure its not alot if you're:
a multi millionaire
coping
have a retarded outlook on life like "yeah but they have billions already man"

>>30017496
wait til you get to 6 figure hell

>>30017147
I'll quit at 1m and become a sexpat english teacher for 5 years while my capital doubles in boomerstocks. Then I'll retire.

>>30017013
within the last year or two

:)

I’m from a middle-class suburb in Melbourne Australia, the average house price here for a shitty 3 bedroom 60 year old house is about $1.2M which is about $1M USD.

This makes me feel like I need at least $5M to “make it”

A billion dollars is nothing compared to God's grace

I remember it used to be a lot, but the goddamn money printing keeps changing the goalposts.

>>30019824
true
but god loves us all

>>30020571
Unironically this

>>30017013
It'd take me almost 30 years to make that much,

My cost of living is incredibly low in a rural area in the us. I pay 238 in rent a month, split, for a house.

With one million, I could retire.

>>30017496
>losing $10k would be awful but if someone gave it to me there isn't a lot I could do with it

This is why you will fail. You can't call yourself a proper investor of you can't even think of how to utilize something as small as $100.

When I realized my parents had two million

Never, it depends on the context, 1 mil networth isn't much but 1 mil in crypto/ liquid assets is a lot assuming you own a residence and don't have debt, if I didn't have to work I could comfortably live off 250 a week or 12k a year, 1 mil could make me 80k in investments, I'd be set for life.

>>30019630
based

>>30024358
I know you're young

>>30019744
Fellow ausfag here. I know that feel.

Australian real estate prices seem to be the only thing on earth that grow at the same rate as crypto returns.

Once bitcoin reaches $100k I’m leaving this country and never coming back.

>>30025622
what country you going ausbro?

>>30025834
Dunno yet, I was planning on doing a lot of world travel in 2020 to find out where I’d like to stay.

But this flu hoax and my totalitarian government put the kybosh on that plan.

>>30019824
based

>>30017013
25 (6 years ago) and still less than 5% there

>>30023085
That's my plan. To retire on one million in some rural part of the us

>>30017496
>>30024358
Yeah like the anon said. Know how to invest. You would have a million. Take some time to learn something about investments in your area or seek deals with respected people in your area. Just read the richest man in Babylon and figure it out. With a million I'd be set.

18 years old, I am 19 now.

>>30017013
when I finally get a million dollars to my name I'll let you know

3 years old when my father bought a new lambo for $200k

>>30026835
is that yfw he pulled up in a lambo

>>30026872
No that's mfw I asked my dad what he did with his old car and he said he sent it to the wrecking yard since he would've only got a couple ten thousand from selling it and it wasn't worth it.

>>30026937
do you know how many fucking toys and games you could get with that kind of money? dad wtf

>>30017013
When I finally reached a million dollars

>>30024358
You have to be 18+ to post here. You're better off using $100 to buy a few beers to get a girl drunk enough to go home with you then attempting to flip that $100 on traditional derivatives.

>>30017013
About the age of 16 when I started looking at my first apartment to rent. Did rough math in my head for yearly expenses on rent alone and then thought about how short of a time it would all be gobbled up if you weren't constantly making your money make more money. Then that's kind of the point though, if you aren't constantly putting your money to work for you, you deserve to stay poor. Crypto is one way of doing this, albeit a volatile and high-risk route to take.

>>30017013
12-13

>>30019744
I'm from Melbourne as well and it's a nightmare. I just don't want to have to pay rent, having somewhere to live on my own that isn't awful that doesn't have much overhead is making it as far as I'm concerned. Once you don't have to worry about rent and you don't have debt, you can set your waging to your own pace.

>>30017013
65

When I found out that a decent house, small yard with little risk of problems costs 500k+ in a medium sized American city. Age: 33

>>30017013
Never. $1MM is a lot of money and you can do a lot with it. This is the whitepill
What happens is as people get more money they start spending more and more in their heads and imagining a higher SoL. That $1MM can easily provide you a $30k salary, while continuing to compound and rising with inflation, such that later on it can become $50k or $100k, for no work. But you want the lamborginis and overpriced mcmansions

>>30028605
>then attempting to flip that $100 on traditional derivatives.
Right, which is why we have options spreads. I'm sure I could put $90 on a Disney call spread with a $2.5 strike difference a month from expiry and double it.

>>30029203
This. Rich people have a mental illness and are completely unable to detach and go "no, this is enough I think"

join dex for JustLiquidity
don’t make quick push
>put 300$ on staking
>waited a month
>rewarded to 1500$ staking pools
fees so low, kek don’t cry about gas on erc

>>30026817
Fuck, get out while you still can yung anon

>>30017013
When I inherited 2,8 million. It isn't all that much nowadays.

>>30024358
go back to hustle twitter

>>30025959
idk if u r still here but you will soon realise that australia is the best country on earth

>>30017013
At what age will you realize that money is literally meaningless and materialism takes away your soul

>>30019824

>>30030897
Countries are always nice but I'm with the other Ausanon. Our government sells us out to China all the time. They cut first-home owner grant for Aussies from 25k to 15k and in the same month said were giving Chinese people 50k to move to Perth
Plus even if you do move country but remain an Aussie citizen, you'll still have to pay the ATO for trades.

Gold Secured Currency ecosystem is growing super speedy
So there is no reason to hold back
Invest in fucking greatest Swirge and make money with pleasure
>I bought GSX, token price became great liquidity rn

>>30031572
I actually can’t stand it here - Melbourne also. The job market is terrible(albeit that’s every where) and it’s expensive. Can’t wait to leave this hell hole city.

>>30032659
Born in Melbourne too.
Moved to rural Vic
Best thing ever.
PS Fuck off we're full