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/biz/ - Business & Finance

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20843755 No.20843755 [Reply] [Original]

>tfw 750,000 net worth at 25
>on pace to be a millionaire before 30

>> No.20844107

Congrats anon be sure to use it wisely I hope to be able to say the same soon enough but non the less congrats man

>> No.20844200

>>20843755
400k here at 23, gonna make it by 25.

>> No.20844264
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20844264

>>20844200
>$20k at 25
I-I can still make it right guys?

>> No.20844322
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20844322

>>20844264
>$20k at 25
>I-I can still make it right guys?

>> No.20844325

>>20844264

Nigger I was -50k at 25 and I'm on pace to be a millionaire before 35

You are probably in the financial top 5% of everyone your age. You could stick that $20k in some Boomer index fund, contribute a few hundred a week to it, and be a millionaire before you're 40

>> No.20844414
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20844414

>>20843755
>15k @20

>> No.20844497

>>20844325
That's exactly what I'm doing, I've got 4 k in my roth IRA (boomer index funds), and once I max that out for this year I'm going to start a taxable account and put even more money in more boomer index funds.

>> No.20844525

this that you Michael?

>> No.20844603

>>20844497

Right? There will be fluctuations, and the gains won't be as sexy as can be achieved with specific trades, but as long as they keep inflating the money supply the stock market will go up. It's the laziest gains ever. And that's not even counting the tax benefits.

Bonus points if you do basic stuff like converting to money market funds during crashes and then back into index funds once the recovery starts. I picked up an extra 15% this year just from half-assedly timing the Rona dip.

>> No.20844632

ok larper

>> No.20844877

>>20843755
my networth is 751,000
stay mad nigger

>> No.20844997
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20844997

You forgot the follow up shill post that asks which shitcoin to buy

>> No.20845194

>>20844325
Financial 5% of his age? Bruh he’s in the .001%

>> No.20845669

>>20843755
how

>> No.20846287

>>20843755
by the time you're a millionaire 1 million won't be worth as much as it is today

>> No.20846362

>>20843755
>>20844200

So? Share your stories, these are worthless without the paths taken.

>> No.20846503

>>20846362
31 Year old here. Own my own home $500k market value and have that same amount in equities. Add to that low six figures in a 401k. I can say that not getting married and staying away from divorce rape is the number 1 direct path to success. In order to make it you cannot be hampered by a roastie. I invest everything outside of my car payment and taxes. Also I have been maxing out a boomer fidelity 401k since I was 22.

>> No.20846550

>>20846503
is your house paid off?

>> No.20846627

>>20844325
>You could stick that $20k in some Boomer index fund, contribute a few hundred a week to it, and be a millionaire before you're 40

which would be worth 300k in todays dollars.

>> No.20846699

>>20846550
I have 140k left on the mortgage. I could stroke a check tomorrow and pay it off. But I have that money in some undervalued blue chips right now. The interest rate is so low that I really am torn whether or not to be 100% debt free or not. I think I can do well with stonks in the next year and then pay it off. Not gonna lie bros I havent felt this good in a few years. Don't let them tell you that you need some wife to be happy. Financial freedom is far better. A few of my friends who are married are pretty miserable. One is divorced and lost his house at 33. Not a good position to be in bros. Be careful out there

>> No.20846787

>>20846503

nobody cares lmao

>> No.20846902
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20846902

I resigned from my job this week because of the stress. They're letting me work 1 day/week at $125/hr. Fortunately I'm very frugal so that one day/week will sustain me without issue, and now I've got plenty of free time to pursue other interests. I've got the savings/investments to provide additional security. I won't ever be filthy rich, but I am considering this "made it".

>> No.20847028

Be me
>31
>35k in 401k, 7% match
>10k in savings
Ugh

>> No.20847071

>>20844414
I was the same and now im 150k @ 22yo don't give up hope anon

>> No.20847120

>>20843755
How the fuck do you guys do it? God fucking damn it I'm so sick of regular life and being a fucking middle class wagie FUCK kill me

>> No.20847155

>>20847071
from crypto?

>> No.20847185

>>20843755
>750k networth
if its all in shitcoins you aint got shit

>> No.20847214
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20847214

>>20846699
you can have a nice girlfriend (not legal wife, wedding ceremony is fine tho) and have financial success. really sounds like youre trying to rationalize being alone by pretending like you can't and that you have to pick one or the other.

>> No.20847223

>>20846362
they inherited just like everyone else with 6 figures and young

>> No.20847245

>25k @21
At least I can still wage slave I guess.

>> No.20847362

>>20847214
>Trying to rationalize being alone
Maybe so. Its hard to find a gal who has similar financial goals and good financial sense. Im 31 and the younger ones are complete retards.

>> No.20847376
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20847376

>>20844107
thanks anon
>>20844200
not bad, good luck

>> No.20847439

>>20846503

>has a 500k house and equities and has a car payment

Lol nice larp poorfag

>> No.20847490

>>20847439
Who the fuck pays cash for a new car

>> No.20847669

>About to turn 30
>Own a 250k apartment in Czech Republic
>Salary 4-5 times the national average (average Czech makes about 12k USD/yr net)
>Just in last year I saved enough for 2 years of retirement
>9/10 gf that can cook
>Nice car I could easily flip for 10k profit anytime

When I was 18 I was ugly af, antisocial and sick. I might make it after all.