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/biz/ - Business & Finance

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56781195 No.56781195 [Reply] [Original]

I'm saving as much as I can , so, I'm staying with a landlord and paying about $700 /month in rent for a room.


I have about $800k in crypto, $320k in 401k and about $80k in cash.


I'm planning to keep shoving money into ETH which is still about 60% down from ath. Have about 320 ETH now.

My goal is to earn a passive income which is equal to my salary.. can it be done safely with the current net worth or I the future wit ETH staking ?

>> No.56781275

>>56781195
>reddit spacing
go back

>> No.56781286

>>56781195
>hay guis im a millionaire who pays $700 a month for rent am i on the right track
fuck off

>> No.56781295

>>56781286
This. Fuck you OP.

>> No.56781338

>>56779894

>> No.56781347

>>56781195
These threads are the reason I want to see all Jews dead.

>> No.56781376

>>56781347
Kys first then

>> No.56781735

>>56781295
>>56781286
Crypto money is a house of cards, it can go down 50% any time

>> No.56781981

>>56781195
honestly you won't make it in houston on that income. houston is a big dick city and you have a small tiny 'penis'. if you were making double you could maybe consider living a comfortable life there but sadly you're poor and gay.

>> No.56782049

>>56781195
Based, low key humble braggart.

Take the 80k and buy a couple of Slabs.
Take 3k out of the 114k salary and put it
towards storage fees for the couple of Slabs
you bought.
Sell the Slabs in twenty years

>> No.56782065

>>56781195
Conroe is a nice place. Commute isn’t too bad unless and illegal wrecks his car on I45 or blacks decide to jump on top an 18 wheeler and twerk on top the load, shutting down traffic

>> No.56782294

>>56781195
This city fucking sucks and I'm pretty sure it has some kind of dark aura that makes people more aggressive. It's one of the biggest human trafficking hubs in the country. Every time I'm away for a few days I come back feeling fucking phenomenal then I slowly feel myself once again becoming jaded and blackpilled as I spend time here.
When people get behind the wheels of cars here they literally become gorillas (that is, if they weren't already. Place is filled with browns. But I'm talking about the fat retard Whites too.)
Also, the "texas is affordable" meme gets less and less true with every beaner and Californian faggot that crosses the border.

Now i'm not one of those "fuck off we're full people". The place really is kinda ass. I know this is the case with all cities these days, and Houston is certainly no Seattle or Detroit. But if you have any other options (like...maybe away from big cities entirely) you should consider them. Maybe you can actually get that passive income going and GTFO. Godspeed man

>> No.56782594

>>56781195
>$114k passive on an $800k lnw
You seem like a smart guy, does this add up to you? Even if you factor in a generous post cycle value.
>muh 401k though
Are you 60? No? Are you gonna cash it out?
Answering your questions.
>can it be done safely with current nw
Not even close
>future
Not even close
Try more like $3 million for you to be squeezing out $114k in cash flow. At least