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/biz/ - Business & Finance

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27394363 No.27394363 [Reply] [Original]

And you thought you made it

>> No.27394681

>>27394363
Wealthy>rich

>> No.27394712

>>27394363
>2 million
>middle class
This is one of the stupidest charts I've seen in my life.

>> No.27394782

>>27394712
2 million in total assets by the time you fucking die maybe

>> No.27394836

>>27394363
I work for a living, so I'm working class

>> No.27394950

>>27394363
How about negative values?

>> No.27394996

>>27394712

You know a 40 something professional with a house and 401K can easily have a $2 million net worth right? I hope you aren't a poorfag or something

>> No.27395022
File: 972 KB, 320x200, 1612205862774.gif [View same] [iqdb] [saucenao] [google]
27395022

https://rumble.com/vcrrlv-welcome-to-the-rice-fields-.html

This seems extreme
Even by my cut throat standards

>> No.27395122

>>27394363
If I had 500k, I wouldn't be considered poor, friend.

>> No.27395221

>>27394996
Bullshit

>> No.27395497
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27395497

>>27394363
I agree with 0-500k being poor. But the rest is off and unnecessarily convoluted. The right chart is:
>0-500 poor
>500-mil middle class
>mil to 900 mil rich
>900+ mil mega rich
And mega rich means someone who can just choose to sway elections and do it. check em.

>> No.27395633

>>27395497
>mil to 900 mil rich
You just proved that the original pic is not wrong. There is a big fucking difference between having 1.5 mil and 900 mil.

>> No.27395634

>>27394363
Should be
$0-$50k Slave
$50k-$500k Poor

>> No.27395771

>>27394712
I didn't know you people down in Alabama had internet yet

>> No.27395801

my net worth is below 0. what level is that?

>> No.27395908

>>27395633
You stole my digits faggot. And in numbers maybe but in practice? After a mil, you're living worry free. Now living worry free with 2 mega yachts or one small one amounts to numbers. You hit some major diminishing returns in happiness and comfort after 1 mil.

>> No.27395934

>>27394363
this is so racist

>> No.27395999

>>27394363
>poor class
More like $500 max

>> No.27396027

>>27394996
let's assume you make on average $150k a year between 21 and 40. You can probably save $50k a year after taxes and living expenses. Over 19 years that's not even a million.

>> No.27396085
File: 13 KB, 296x170, 2B667237-1A9B-469D-84A5-21C652BC413A.jpg [View same] [iqdb] [saucenao] [google]
27396085

>>27394363
who /poor/ here?

>> No.27396097

>>27394712
spoken like you will never make it

fucking kek

>> No.27396150

>>27394950
Communist

>> No.27396220

real talk is crypto the only viable way to shoot up some tiers if you possess no valuable skills, i want to see 100k in my bank acct before i kick it

>> No.27396349

>>27395801
It literally tells you on the chart. Maybe you’re poor because you’re retarded?

>> No.27396381

>>27394363
Kek is this a old school runescape gp wealth chart or I'm just a poorfag?

>> No.27396439

>>27396349
maybe you can't read?

>> No.27396536

>>27395908
Even 2 mil is not enough to live without worrying about your investments. 10mil+ is rich.

>> No.27396622

>>27396027
$50k a year invested every year with an annual return of 5% is $1,673,745.85 after 19 years. Compound interest is praised for a reason

>> No.27396726

>>27396027
What is compound interest

>> No.27396862

>>27396027
>>27396622
Also look at this
https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=2002&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=50000&annualOperation=1&annualAdjustment=50000&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=true&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=100

>> No.27396929

>>27396536
You're actually right about that but my point stands. Anyway, I'm buying GRT and waiting for it to hit 100 2 years from now, thats my exist strat.

>> No.27397007
File: 285 KB, 646x431, basedmelbasedvince.png [View same] [iqdb] [saucenao] [google]
27397007

>>27394363
This is the most Jewish chart I've ever seen

>> No.27397084

>>27394950
Comfortably Poor.

>> No.27397106

>>27394363
Well according to this Im poor. But I don't feel poor.

>> No.27397353

>>27396929
Good luck, I don't think that GRT is gonna result in much profits though desu

>> No.27397359

>>27397084
Kek

>> No.27397681

Wow they printed so much fiat currency that a small house is now worth a million dollars.

Welp better get to trucking and save up a million dollars so I can become middle class!

Real wealth is measured in assets. Everything is so overextended no wonder people are trying to make money off every little thing. Next year, 3 million will be "middle class" just watch. buy some fucking undervalued assets - take a hint