Why do so many people here think they can retire off $1 million?

[Anonymous No.17209455]

Imagine going through all of the torture of the bear market just to live poor again for the rest of your life. Freedom isn't just free time without a wagie job, it's about access and options as well. What's the point in going to a candy store whenever you please when you cant buy what you want? Making it is at the very least 30 million to me. I don't think enough anons here understand how truly expensive life is - there should be lots of discussion around health insurance here among burgeranons which will easily bankrupt or put a serious hurting on a $1 million even on a payment plan.

[Anonymous No.17209474]

>>17209455
Thanks for the blogpost faggot

[Anonymous No.17209477]

>>17209455
You're either trolling or fucking retarded.

[Anonymous No.17209495]

Get me my $1 toothbrush wagie!

[Anonymous No.17209503]

I don't have to imagine, I got liquidated at the tail end of the bear market ahahahahahahahahaha FUCKING KMS

[Anonymous No.17209517]

>>17209477
I am being serious. $1 million ain't what it used to be. All of you NEETs here have no idea how much you have to spend in the real world just to survive.

[Anonymous No.17209545]

>>17209455
1 million isnt "making it" but what it is is the first real step to making it. If you ever get $1million, you can invest like crazy and save yourself enough money to float without wagecuking for at least 5 years, all the while collecting on your longs, which you then reinvest. Once you hit $1MM you really dont have to work ever again if youre smart, so in that sense yes you have 'made it'.

[Anonymous No.17209570]

>>17209455
Some of us have non-poor parents and will have an inheritance to work with.

[Anonymous No.17209589]

>>17209455
You can live comfortably in America on $36k/year. The life expectancy for men is 78 years. If the average anon here is 25, that means you need $1.9 million for the rest of your life. If you invest $1 million in the stock market right now, assuming an average annual return of 7%, that will be enough to keep up with inflation and give you enough income each year to never run out of money.

[Anonymous No.17209601]

>>17209455
You can comfortably net $50,000 a year off $1m after accounting for taxes and necessary reinvestment to prevent the principle from deteriorating from inflation. I think $2-3m is making it for a middle class standard of living assuming you have a house/houses already paid off.

[Anonymous No.17209613]

>>17209545
Exactly, so you’re agreeing with OP then. You are both saying that $1 million is not enough to make it.
$30 million is more of the idiot-proof making it goal (appropriate for OP) but I also think $1 million is too little because the investment risk is still appreciable. One or two bad investments can put you back in the wage cage.

[Anonymous No.17209619]

>>17209517
I can survive comfortably spending only $1000 per month. That's $12 000 per year and $120 000 for 10 years. You put the rest of your money into stocks/gold/crypto/bank deposit. In 10 years you will make up the money you spent living. I say $1m is plenty to retire if you are not retarded consumer or mutt that has to get into debt for calling ambulance.

[Anonymous No.17209700]

I don't give a fuck about any selection of candies, the only thing I want is to have the free time necessary to fully pursue my passion till death, if possible making it my actual daily job.

So yes I only need the amount of money that allows me to just never wagecuck so I never have to worry about spending 8 hours of my day sucking off some kike cock and do what I actually want all day every day.

[Anonymous No.17209765]

>>17209455
2.5 million is plenty
https://www.youtube.com/watch?v=xdfeXqHFmPI

[Anonymous No.17209806]

>>17209700
What makes you happy isn’t what you think it is. It is simply a representation of how people are living at the time. You’re going to see a wave of people getting rich in front of you, and that will become the new way of living. Back in the day it was about a white picket fence and babies and a 9-5. Now it’s about traveling, casual sex, and financial freedom. As the wealth gap increases you are going to find yourself chasing this ideal whether you deny it or not, because you’ll be talking with somebody and they’ll mention chad who didn’t retired at 30 million instead of 1 million and hang out with him on his yacht instead of you

[Anonymous No.17209830]

>>17209455
whos that passive aggressive retarded bitch

[Anonymous No.17209835]

Imagine thinking 1million isnt enough to retire, you stoopid, you can buy several apartments for renting and start several small bussineses, im from eastern europoor so idk how it is in americo. In europoor million is too much i would say, i could easily retire with 200000eur

[Anonymous No.17209858]

Wagies make on average $20k a year with minimal wage. 20k * 50 years = exactly $1m so you're fucking retarded essentially. With $1m you have all the time you need to make extra money while living on that $1m.

You could also invest in a house with that $1m and get passive income - $80k a year or so.

[Anonymous No.17209896]

>>17209806
this only applies to normalfags though
most people of above average intelligence are able to make great friends and find high quality mates without money

so basically
>>17209619
this

[Anonymous No.17209904]

>>17209619
don't forget about inflation anon,
2.5% of your money gone per year
BUT this is easily offset if you keep your money invested, S&P 500 avg 7% returns, NASDAQ avg 11%, etc etc.

If you invest smartly and practice risk management that 1,000,000 can easily last you until you hit the bucket.

To see how much you'll need use a financial calculator and set the addition to negative to account for your expenses and inflation (i.e. 3000/month)

https://www.calculator.net/investment-calculator.html

[Anonymous No.17209932]

Think I’ll just finish my military career and retire so I don’t have to worry about healthcare. $1.5mil could give me a very comf life and with my job I can easily get a $90k+ job out the door should I decide to keep working.

[Anonymous No.17209933]

>>17209830
https://www.dailymail.co.uk/news/article-7911285/Target-manager-gets-outpouring-donations-toothbrush-spat-customer.html

[Anonymous No.17209944]

>>17209455
because we live in 3rd world countries

[Anonymous No.17209945]

>>17209455
Making it is $3 million after tax bare minimum.

[Anonymous No.17209963]

>>17209806
>What makes you happy isn’t what you think it is.
Yes it is. I want to pursue audio engineering till I die.

Literally everything you listed is worthless to me compared to it. I would pursue audio production if I had 5 bucks or 5 billion in my bank account. The very reason I am on this board is just to make enough money to then properly focus on my interest.
Who gives a fuck about le travelling and yachts, I'd die as a kissless virgin if that allows me to fully pursue my interest.

[Anonymous No.17209968]

Even having your money invested in something with shitty returns and 3k a month (36k per year) in expenses, that million will last you the rest of your life, and not only that but it will have grown.

Personally based on my lifestyle and investing ability, I plan to quit waging when i hit 800k

[Anonymous No.17210091]

>>17209455
You can get a luxurious 2 bedroom condo in a big city of a third world country currently going through a growth economy for like 100k, with private gym, swimming pool, grocery delivery and maid services and will de facto become a top 5% male with a vastly increased sexual market value allowing you to exclusively date or marry similarly top upper class local females, well that's my plan anyway. Marriage should be an economically profitable arrangement as well instead of a money sink, most just don't know better and once they aquire capital just waste it on undeserving pussy like simps, you need to learn from female hypergamy, don't allow yourself to date down now that you can get away with it. You'd have to be a complete sucker to get +100k in crypto gains only to spend/invest them in western boomer housing and remain stuck in the middle class trap instead of taking advantage of the globalist charade and leveraging them into a far more favorable market. Consider other regular pleasure expenses like dining out or vacations are also decreased by a factor of x5-10 depending on the location. Outsource your housing, outsource your pussy. Fuck the boomers, I'm the boomer now.

[Anonymous No.17210153]

>>17209517
I was referring to you needing at least $30MM. If you invest that money in a medium risk porfolio at 5%/ year then that's $1.5MM/ year WITHOUT touching your principal.
You need that much to enjoy life? Are you kidding me?

[Anonymous No.17210231]

>>17210091
I wanna say based but why would you want to live in 3rd world country.

[Anonymous No.17210281]

>>17209904
Fwiw you should be using average return minus risk free return, not average return.
The implied equity risk premium is about 5% and the risk free rate is about 2% so 7% is actually a pretty accurate estimate of the current expected return. However, the expected return will change when the risk free rate and/or equity risk premiums change.

[Anonymous No.17210392]

>>17210231
Rule in hell or serve in heaven? The only logical argument against it would be if you had close ties to family or other important things to lose. Most of us here have nothing to lose. And everything is relative. A third world capital is more exciting than a first world small city. And nothing stops you from traveling home. And where's your sense of adventure? In other times, any sane white man would have loved to go colonize some faraway land, live like a king while the locals serve you.

[Anonymous No.17210426]

>>17210281
risk free rate being bank rates? or like bonds?
cuz if they raise then you can just switch over most of your portfolio i guess

I'd also always keep at least 10% of my portfolio in crypto which has avg returns of something ridiculous like 44%

[Anonymous No.17210609]

I live in a Caribbean country that most of you would consider a shithole
A few months ago I literally spent a few hours calculating how much money I would need to never have to work again
I factored in buying a $350k house in a good area, two cars, water bill, electricity bill, internet bill, groceries, home and auto insurance, home and auto repair/maintenance, an emergency fund, etc....
I even factored in expenses for three hypotherical kids including their school/education costs, medical costs, clothes, etc.
You know what my total cost was, to cover 50 years of all that shit?
Just under $5 million. And I'm sure I missed out on a few other expenses, so the actual number is probably around $7 million

[Anonymous No.17210712]

I could easily live the rest of my life off 1 million. My main interest is never having to work again. If I have to live very modestly then that's fine

[Anonymous No.17210716]

>>17209589
Op can't even aford food, anon.
Let her dream while sucking niggers.

[Anonymous No.17210774]

Even just compounding a million, you could work a part-time job and live like a broke guy and have an utterly comfy life.

[Anonymous No.17210881]

>>17209455

Gtfo my board you whore.

[Anonymous No.17210921]

>>17209517
>have no idea how much you have to spend in the real world just to survive.
rofl

[Anonymous No.17211054]

>>17209455
what's your current networth

[Anonymous No.17211178]

You can retire off of 1 million if you invest it correctly. Hell depending on how you allocate your funds, you can create a nice monthly passive income stream while you still have that 1million in equity/assets if you ever needed it.

[Anonymous No.17211235]

>>17210426
Risk free government bonds.

[Anonymous No.17211366]

>>17209455
Imagine being a consumption addicted normie. I could retire off of $500k to work on my own projects without being a wage slave.

[Anonymous No.17211495]

1 million is enough to live on if you're not a consumer fuckhead who must live in NYC and buy the latest shiny toys. There are plenty of affordable places once you get out of the big cities. Or you could move to southeast Asia Latin America or eastern europe and live really well off that 1 million. You would also be getting mad pussy

[Anonymous No.17211516]

>>17209455
1M in even the shittiest boomer investment is $70k/yr, which is 5x more than enough for an indulgent life. Of course you're a financial retard who seems to have an affinity for pissing away money, the kind of person who's so bad with money they can't even make 7%.

[Anonymous No.17211562]

>>17209474
>>17209477

He is 100% correct

[Anonymous No.17211584]

>>17209517
>$1 million ain't what it used to be
people who say this never have had a million dollars

[Anonymous No.17211685]

>>17210609
Funny how everyone is ignoring this post. The delusion of biz is palpable, looking forward to seeing threads about squandering their measly 1 million on an unlucky investment and going back to waging
>muh guaranteed returns
>muh boomer index funds

[Anonymous No.17211695]

>>17210091
based and adventure pilled perspective, although i would add that you don't need to go to a high crime third world shithole for a 100k 2 bedroom condo. You can even pull that off in Spain or Italy or parts of France

[Anonymous No.17211726]

>>17209455
>my living standards are X an anybody who doesn`t share the same standards is wrong

Go seek social validation elsewhere faggot

[Anonymous No.17211739]

>>17209455
It's not about satisfying every impulse like a child. It's about buying your mental freedom away from kikes and boomers and focusing on your own goals.

[Anonymous No.17211762]

>>17209806
This is your brain on being a normie consumer roastie. Maybe YOU really do need $1.5MM+/ year in passive income to be "happy", but most people here don't. Now please go back to instagram or wherever you came from.

[Anonymous No.17211824]

>>17209455
OY VEY TORI WHY WON'T YOU SELL ME THIS TOOTHBRUSH FOR 1 PENNY SOMEBODY CALL THE MANAGER AND THE ADL OY GEVALT

[Anonymous No.17211911]

>>17211824
why do you defend corporations?

[Anonymous No.17211951]

>>17209455
you're a faggot and you need to go back. just don't be a materialistic retard and you could easily homestead in a non expensive country or state for the rest of your dumb life with a million. your life would be much more satisfying that way. the regular world that encourages you to participate in consumer idiocy is a narcissistic hellhole that leads to nothing in the end. shut the fuck up

[Anonymous No.17211990]

>>17211366
easy. 500k easy and anyone who calls bullshit on this is a vapid faggot and scum of the earth

[Anonymous No.17212041]

>>17209455
as europoor $1mio is like having $6mio in the us.
> inb4 exchange says 1:1,11
compare price indexes.

[Anonymous No.17212051]

>>17209455
My magic number is $4 million. I'll probably keep my career and work 15-20 hours week for $60k/yr easy. My free time will be spent on hobbies and traveling.

[Anonymous No.17212150]

If you invest the million you can average 6% returns with conservative stock/bond allocation.

6% of 1mil is 60k a year and I hope I don't need to explain compounding to you retards. So you keep the million invested, keep working, and clock bank on your investments. 1 million isn't enough to retire but if you're browsing this board, you probably have decades of life left before you have to worry about your health and finances so that 1 million can grow into a retirement over the next couple decades as long as you don't spend it.
If I made 1 mil right now as a 30year old, I could either completely pay off my house and eliminate $3000/mo in expenses or I could execute the plan above, keep working and progressing my career, and retire by 50. Either way, I'll take a mil in a fucking heartbeat. If I can turn my 5k in crypto into 100k I'll be fucking happy, buy myself a motorcycle and take the wife on a vacation, and put the remainder in my brokerage account and be grateful for the extra 2 years worth of savings I got for gambling on shitcoins

[Anonymous No.17212167]

>>17209455
I can retire with 300 000 euro m8. And live comfortably as well. Why wouldn't 1 million dollars be enough? Prices in USA and Western Europe are similar. Are you a consoomer?

[Anonymous No.17212202]

>>17209455
Well the easy answer is that there are a lot of retarded children on 4chinz who do not know jack shit about anything. But to be more charitable to them, there are also a lot of anons who just have PTSD from life and just seek the bare minimum to put an end to their suffering, even if that means living in poverty for the rest of their lives.

[Anonymous No.17212225]

>>17209455
You can easily survive of the interest rate/dividends of 1 million bucks, and still have your money increase. Heck, just do some extra work on the side and you're golden.

[Anonymous No.17212263]

>>17212150
Based

[Anonymous No.17212331]

>>17212225
this anon understands it.
when you have a million dollars people will beg you to let them invest it, i've seen legit companies offer 10% returns and if you want a guarantee they'll not lose you money, they'll give 5% interest
5% of 1 million is 50k. anyone out side of california or newyork should be able to live off 50k no problem. in indiana that'll support a family of 4

[Anonymous No.17212491]

>>17209455
going to have a good fap on that picture

[Anonymous No.17212556]

>>17212331
no one is giving you 5% interest or 10% returns guaranteed retard. They could go to the bank and get a loan for a lot less than 5% interest so why would they offer you to it for that much? LMAO

[Anonymous No.17212683]

>>17212556
have you ever tried investing large sums of money?
its not like investing 5 or 10k

[Anonymous No.17212710]

>>17209455
>B-b-but you need 30 mil
Lmao, most people earn less than 3 mil over their entire life

[Anonymous No.17212724]

>>17209835
You shitskin Europeans are absolute parasites

[Anonymous No.17212761]

>>17211911
Why do you defend parasitic semites

[Anonymous No.17212880]

>>17211054
>no answer
yeah i'm not surprised.
op is a wagecuck and horrible with money and will never even have a networth of 500k.

>if i was better with money i still couldn't retire because i live a higher quality life than those millionaires!!! i'd take 80k/year anytime over a fix $5m!! way higher quality of life!!

[Anonymous No.17212904]

>>17209455
Because they are between the ages of 18-25 and think a million is a lot of money.

[Anonymous No.17212908]

>already owning a house
>no debts
>could live frugal with little spoils every now and then
>$1MM could generate enough passive income to not let me work
Yeah, considering inflation too, I could definitely retire with $1MM

[Anonymous No.17213021]

>>17209963
>he was born to be an audio engineer
kek now that's autistic

[Anonymous No.17213052]

>>17211366
>>17211990
Can you please walk me through this? I'm almost there. Just need a little more mooning on my alt bags.

[Anonymous No.17213100]

>>17212724
>>17212761
hey bro just letting you know that your posts give away that you an obvious seething muslim/pajeet every single time.
but post your arm so we can see your color if i'm wrong haha

[Anonymous No.17213179]

Muh boomer investments, muh 7% from vanguard. It's like you brainlets don't understand why crypto is currently a good investment in the first place. That system is terminally ill and all those boomer are going to get rekt. There is no 'making it' where you will ever be able to stop putting in any effort or be free of risk. Managing your wealth well will always take a fair amount of work. Failure to do so will see you back in your wage cage whether you currently have 1MM net worth or 30MM. Not only do you have to grow your stack fast enough to draw an income and outpace inflation (assuming fiat isn't totally dead) you have to grow it fast enough to absorb some loses from risk playing out against you from time to time. Hurr index fund 5% of 1MM is 50k a year I'd be set for life = definitely not gonna make it long term. Even if you can average 5% (which is fair if you don't fuck up too badly) you would need to live of the equivalent of 25k a year just so your capital keeps pace with inflation. 2MM is minimum net worth you should shoot for before quitting working for income entirely if you want to live in the first world.

[Anonymous No.17213202]

>>17212904
And your IQ falls in the double digits while you think $1m isn't reasonable to retire on.

P.S. I don't have to think "$1m is a lot" in order to consider it enough to retire on - these are two different questions with different implications, you monkey.

[Anonymous No.17213642]

>>17209904
yes how the fuck did you get to $1m in the first place? you invested... why do people think you will all of a sudden just eat your savings to inflation because you now have some special number... you can even just buy a dozen rental properties and use the cash flow to fund your vacations every month while riding the capital gains up and down... this shit isn't hard and 1m is COMFY

[Anonymous No.17213660]

>>17209455

You can't retire wagecucking with 1 mil you are fucking retarded.

[Anonymous No.17213673]

>>17213179
Retard alert

[Anonymous No.17213700]

You're never really going to be free unless you were born free. Very few people escape. I just want enough to have a nice house and life for my kids so they can potentially escape.

[Anonymous No.17213748]

>>17213052
bump!

[Anonymous No.17213768]

>>17213700
Gotta define what freedom means for you. I felt free long before my investments started to take off because I never allowed myself to stay at a job I hated. Now I work 20-25 hours a week freelance and live frugally and feel even more free. One more good crypto pump and the freelance work will become optional. But I will never be 'free' of the 20-30 hours a week I've been spending and will continue to spend educating myself and staying up to date on finance and markets. Good thing I enjoyed it as a hobby before it started paying off.

[Anonymous No.17213826]

>>17213642
Slowly adding to your stack is very different than slowly taking form it. Also most of these boomer investments are currently grossly overvalued via retarded central bank policy and are overdue for a major correction.

[Anonymous No.17213837]

>>17209455
>Why do so many people here think they can retire off $1 million
I can unironically retire off of $300,000. If you know how to budget properly and aren't retarded, you can easily live the rest of your life off of even $200,000.
I can do it because I don't have a car/license, I don't eat out, I don't pay for cable or any streaming service(I pirate ALL of my entertainment with a VPN), and most importantly I don't have a gf/family/kids.

[Anonymous No.17213849]

>>17213837
Congrats you live worse than a medieval serf.

[Anonymous No.17213884]

>>17213826
you're not taking away your stack of assets, you're using the cash flow to fund your degeneracy

[Anonymous No.17213914]

>>17213837
those are micro expenses, the big expenses that ruin people's finances is vacations, depreciating assets like boats and cars, and materialism

[Anonymous No.17213948]

>>17213849
>>17213914
Don't care. I'm too despicable looking and autistic to find a gf, so I've accepted isolation and I literally don't care about the other things.
Why should I care about owning things? Cable/Jewflix are basically modern day MK Ultra and Consumerism is cancer. Not having a car means I have to walk to work/the store which gives me a constant source of exercise. Eating out is a waste when you can buy/grow stuff MUCH cheaper. I do not care about going out to Disney World or some horrible Beach Island filled with proto-spics.
Half of the faggots on here that will make ANY money will just lose it all on the aforementioned stuff.
>BRO I JUST GOT $200,000 BRO IMMA GO BUY A TESLA AND A NEW HOUSE HAHA OH SHIT WHY AM I BROKE HELP ME BERNIE!

[Anonymous No.17213985]

>>17209835
These fuckers literally feel withdrawal if they cant consoom

[Anonymous No.17213996]

I think you underestimate just how much 1 mil is. Even if you assume a very conservative withdraw rare of 4%, you are looking at $40k/year. That's actually similar to making $100k/year, paying higher taxes, paying for a car and higher rent in a city, and saving a decent chunk of that. So you aren't going to be living rich but you will be above average. And with all day to think about and plan investments, learning about investing, using leverage and options, you could probably get closer to 30% average return leaving you with hundreds of thousands in income a year. When you're working you barely have time to do anything but throw it in an index fund. So you could easily retire on a million if not much less. You just won't be "rich" but you'll be much more likely to become rich than by continuing to just sell your time.

[Anonymous No.17214003]

>>17209455
>grew up in a rich country
>parents aren't exactly wealthy but liked to spend a lot of money but are always miserable anyway and waiting for the next pay
>learnt the value of simple pleasures
>water and sex are free and my favorites
>lived with 1.8k a month with a pay of 4.5k since I'm 19
>happiest man I know
>some depressed american consoomer wants to explain to me that hapiness is buying shit and having a mc mansion
>lmaoing at his life right now

Pic related.

[Anonymous No.17214012]

>>17213948
I take it back, I respect a good monk.

[Anonymous No.17214067]

>>17213948
If you have the luxury of a close work location and grocery store, then it works out, I own a simple toyota and spend maybe $1k a year in registration insurance and another $200 in gas, and the thing doesn't depreciate anymore.

I don't spend any money on cable or netflix, but I have an internet bill, but yeah avoid the non essentials and invest as much money as you can to get out of the rat race... I am ahead of 99% of people my age and with the money that I worked for... no handouts

[Anonymous No.17214154]

>>17209589
>I'm 20 and I was too young to know what a market crash/ economic recession looks like

[Anonymous No.17214165]

>>17214067
>internet bill,
Alright I pay for this too I'll admit. I also pay for minutes on my ancient phone because it's cheaper than a phone plan.
You seem to be smarter than the average person. Most people I talk too pay for cable and AT LEAST two streaming services ON TOP of paying for Spotify and other luxuries. If I payed for all of that on top of necessary bills like rent/food than I wouldn't be able to afford to invest in Crypto. Most normgroids constantly upgrade their existing items, wasting thousands, yet they all have the nerve to complain about not having money.
I just don't get the normalfags, man.

[Anonymous No.17214173]

>>17210774
Compounding a million you wouldn't need to work and you could raise 1 kid comfortably. This bitch tori and her 30M+ is absolutely fucking retarded. Compounding 500K you can retire EASY.

[Anonymous No.17214200]

>>17209806
If you let other people define your financial needs, you are your own problem.

[Anonymous No.17214217]

People on /biz/ act as if once you get a million or few, you're supposed to sit in cash or buy bonds. You do realize there will be other bubbles, more things to invest in? Once you have a million, making money becomes a fucking joke if you have half a brain.

[Anonymous No.17214232]

>>17214165
yeah but those are like 9.99 a month.. that won't break the bank... if those are a concern you should focus on increasing your income

[Anonymous No.17214268]

>>17209455
$1 mil is definitely enough to subsist off rental income. With depreciation writeoff rental income is extremely tax advantages as well. I'd estimate with $100k in passive rental income you would be taking home as much as you would with a $150k w2 salary.

You're right though in that it isn't necessarily ideal to call it quits that early. I, and I think most people on here, are mostly in it for the head start that would provide towards retirement.

[Anonymous No.17214274]

>>17214232
Every single penny matters man. If you can get shit for free online, why waste the money?
>if those are a concern you should focus on increasing your income
That's the reason I'm investing on /biz/ and talking to anons like you.

[Anonymous No.17214281]

>>17209455
OP is right. It seems like most people here just want to buy a 200-300k house and then live below their means though so 1 mill would work for those people.

Idk why you'd stop at 1 mill

[Anonymous No.17214288]

>>17214217
this is a good point. Even if you don't catch another bubble, the real estate deals you can get in any market if you are paying all cash are insane.

[Anonymous No.17214326]

>>17209455
1 million is a small loan for you?
Damn and here is me, working hard to reach a goal about 50,000 which will give me about 30 years without working, and then I would kms

[Anonymous No.17214360]

>>17214274
jobs/careers are the best initial income stream

then of course after that you replace it with other income streams

seriously work hard, go up the pay ladder that is your best investment if you are poor

[Anonymous No.17214384]

>>17209945

>sp500 will probably only give 5% returns over the next several decades at best from all this QE shit and lack of productivity gains
>Saving 50 THOUSAND FUCKING DOLLARS a year it will take 30 years to get to 3 mil

Forever a wagie

[Anonymous No.17214426]

>>17214384
>Saving 50 THOUSAND FUCKING DOLLARS a year it will take 30 years to get to 3 mil
>30*50,000 = 3,000,000

anon, I...

[Anonymous No.17214449]

>>17214384
there are a lot of issues with the stock index.. for one its market cap weighted which means you tend to buy more of the most expensive... equal weighted historically outperforms and of course number 2 is that you are buying a basket of stocks without doing any fundamental analysis and number 3 is that we are in expensive territory historically

[Anonymous No.17214450]

>>17214426
>can't understand he invest his saving at 5%
pajeet, I...

[Anonymous No.17214453]

>>17214426

5% returns

[Anonymous No.17214473]

>>17214449

I don’t want to give my money to some scamming hedge fund pajeets who will underperform or exit scam like Madoff

[Anonymous No.17214502]

>>17209613
Nigga just buy index funds and make an average of 10%/year

[Anonymous No.17214507]

>>17209455
the math behind 1 mil.
currently earn less than 50k and am comfortable and have a house payment.

with 1 mil. I would pay off all debt including house leaving me with, just for simple math 800k. you could invest in boomer stocks and earn off of derivatives per year more than the average person in a year while freeing up your time for other productive interests. meaning you have zero liabilities and time on your hands.

any industrious person sees what that does for you.

[Anonymous No.17214508]

>>17214426
>>17214450
>>17214453
oh okay, didn't read the first part hah.
still, in today's value that'll be barely above $1m

[Anonymous No.17214518]

>>17214473
yeah that's why you stock pick... find the shit that's already crashed and with great growth potential... do some fundamental analysis unlike 95% of investors

[Anonymous No.17214530]

>>17209455
Not everyone is a dumb fucking consoomer you basedboy.

I could live off of dividends at 1 million, but easily could at 2 million.

[Anonymous No.17214550]

>>17209455
youre retarded.1 mil = real estate or some dividend shit and it results in passive income.
Simple

[Anonymous No.17214560]

you're not very educated if you think that money is worth the same everywhere you go. obviously, 1 mil won't buy you the same thing elsewhere, it might not even buy a home. but in other places, 1mil will buy you hundreds of homes

[Anonymous No.17214631]

>>17213179
only good post itt

[Anonymous No.17214637]

>>17209517
>15 acres of pasture land in montana: $32,000
>cost to contract construction of a house: ~$350k MAX
>cost of enough weapons to last you through the boogaloo: $20k
>cost of enough gold and silver to ensure your grandchildren will be well off: $400k
>cost of materials needed to develop permaculture (including chickens, bee hives (which will end up paying for your property taxes alone), sheep, goats, maybe a couple cows): absolutely not a penny more than $40k even if you’re a complete fucking retard and fuck everything up twice
you, your children, your grandchildren, etc can now live virtually free for the rest of time until somebody fucks up

[Anonymous No.17214770]

>>17209455
Because I'm not a poorfag like you. My house, two cars and student loans are paid off. I could retire with $500k and I'm halfway there. Stop being a NEET and do something with your life.

[Anonymous No.17214968]

>>17209455
>Making it is at the very least 30 million to me.
You cheap fuck. Stop lying to them. 100 million minimum to buy happiness.

[Anonymous No.17214994]

>>17209455
1 million is plenty enough to buy a business and not be a wagecvck. If you're lazy just buy a Rite Aid or some shit and live off the profit.

[Anonymous No.17215178]

>>17214994
What business can you buy for $1 million

[Anonymous No.17215241]

>>17209455
1m = 60k per annual passive income conservatively.
I currently make 50k and i spend like 20k per year.

YEAH 1M IS ENOUGH TO RETIRE.

[Anonymous No.17215317]

>>17209619
You would be living a half life. $1000 does not pay rent/home, groceries, car, car insurance, utilities, health insurance, internet, phone. Even if you did manage these things, your health insurance would be shit and if you got sick you would be out multiple year's living expenses. This is not feasible. I am referring to in burgerland only.

[Anonymous No.17216492]

why can't you retire on 1 million? if you own your house and it's not a mcmansion, you can easily retire

[Anonymous No.17216532]

>>17214508
nvm cause the amount you save should also grow propotional to inflation

though having 3m fixed is still infinitely better
you can spend 100k / annum and still save 50k each year

[Anonymous No.17216588]

>>17209455
I saw a guy today say he's rich because he has 4 bitcoin and when it hits 100k each he will retire. Stupid fucking people.

[Anonymous No.17216589]

>buy a house in a rural area for 70-100k
>spend under 10k a year

you will be able to retire for 80 years

[Anonymous No.17216602]

>>17209968
What site is that? Looks handy

[Anonymous No.17216642]

When your fucking boomer dad told you a million dollars wasn't alot he wasn't lying. It doesn't stretch well over more than 3 people and when you have parents who are aging, kids, wives who need that new normie mobile, you can end up wage cucking when all is said and done. But having a million dollars to use at your disposal is alot if you are willing to take risks and have a bit of vision and good advisors.

[Anonymous No.17216646]

>>17209968
>>17216602
Never mind found it
calculator.net/investment-calculator.html

[Anonymous No.17216669]

>>17215317
Would his income be low enough on paper for gubmint gibs if he was taking $1000 per month from his savings? I've never been on welfare so I don't know if it has a component to measure wealth or if it's solely based on income.

[Anonymous No.17216739]

>>17210609
>>17211685
Yeah, I agree with this guy. It's like this board is a bunch of children or college students. A million enough to retire? What the fuck board am I on? r/india?

[Anonymous No.17216837]

>>17209503
Oops

[Anonymous No.17217012]

>>17209963
Incredibly based

[Anonymous No.17217722]

Lots of replies, OP. gg
You're right though. All these posters thinking they're going to draw $50-80k/yr on $1M haven't planned ahead. $35-40k is a much more realistic long-term value, and $2-3M is a more comfortable retirement. $1M is probably do-able, but not as fun as you would think. Maybe some shitcoin will create that return for everyone, but in /smg/, that ~4%/yr is closer to reality.