You need at least $10 million to make it, so like $20 million before taxes.
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$1,000,000 USD is literally nothing
You need at least $10 million to make it, so like $20 million before taxes.
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I would rather have $1,000,000 than nothing you ungrateful piece of shit. This is why you are poor.
Very True. You're actually giving the MINIMUM number. It's actually 50 million to make it as an average life, 100million before taxes.
Wow, salty much? He's only telling the truth.
You mad? Poor boi
It's $5 million
Sell half for conservative investments like CDs or bonds, after tax you'll have $2 million which gives you $100k annually without working.
Buy a $500k house cash and then you let the remaining $2 million ride in Bitcoin or QQQ or SPY etc.
If you are frugal like me all you need is 2 million. Unless you are planning on living in New York or la
If you own your home, one million dollars is a lot.
I have 950k NW including home equity and paid off vehicle. 700k liquid. My only crypto rn is exactly 1 BTC. Late 20’s.
It’s nice and I feel secure but I still need to wage for a long time. Probably won’t even consider stopping until $4-5M liquid.
And if I have kids I’m looking at needing 7-10M to retire most likely (without downgrading lifestyle)
Congrats for the crypto anon. You will make it. I wish I could get a slice of $2k from this btc.
>and paid off vehicle
N,E,E,GMI
But also you're going to slowly spend that 20M over your entire life adjusted for real inflation and due to advancements in longevity we we probably all live to 120.
So you actually need $500M to make it unironically.
of course is fricking nothing lmao, thats why im wating to reach at least 120K then gamble it on eesee to do a quick 20x, and THEN, i can say i made it
Demoralization psyop
i fell for the 1mil is nothing psyop
while that's true, you dont need to make it one cycle. 1mil is a lot better than holding it through a 90% drawdown because you're still a max risk psycho
i realized once you hit probably 600k+ its time to start employing risk management capital preserving strategies
Kind of confusing wording going on here, but you're just saying 1mil is "sort of making it" because it gets easier and less stressful to grow wealth from there if you know what you're doing. I agree.
yea, the thought being "we have to make it as fast as possible" which is true, i dont think anyone under 6figs can ever leave the market for any amount of money. there's always something pumping and you have to find it or you're fricked, simple as
but once you start getting like 500-600k and you only need one more solid 10-15x, its fine exiting the market and picking your spots carefully.
i held from 1.4mil to 100k because i thought "1 mil is nothing, i have to hold till 3-5m"
I have 3 million and its still nowhere near enough to make it
In crypto?
yes
1 mil is a lot if you move to a third world country with low cost of living. But I'd feel a lot better at 3 mil or higher.
>to a third world country
but then you have to live around brown 3rd world savages
you can go to eastern europe or argentina and live around white 3rd world savages
tax is only 25%
Why would anyone want millions of dollars when the israelites are printing that shit for free?
My make it condition is seeing gensler swinging from a lamp post with his entire bloodline butchered under his feet, while the SEC and IRS headquarters buildings are smoking craters.
why are you writing your gay fantasies in this thread
Begging third world piece of shit. I'll put a bullet in your skull before I give you a penny you fricking trash.
What a third class mentality you have! Anyway, I am not talking with you.
Shut the frick up and stop begging in every IQfy thread you lazy pajeet.
I need help biz bros. I am hoping to exit this bull run with at least 1,000,000 million (post tax). My goal is to invest and live off passive income from the money. My goal is to hit 8000-10000 in monthly passive income to never worry about having to work again (I will still work just not worry). I do not want to long term invest in crypto, looking for options in ETF, Index funds, or mutual funds. I would need a 10% return to hit my monthly goal correct? Need actual advice here.
Bros, I just want to make it.
>$8000 a month
You won't be doing that with $1M. $1M probably nets you $30k a year or $2500 a month. You need $4M and thus 2 cycles. Exit with $1M this cycle then come back once BTC goes through another bear, then you need to reinvest that $1M back in.
>tfw in same boat.
I hate crypto so much but its the only way out of the rat race...
How much you are holding?
Thanks for the feedback. Is there no investment that can offer a 10% APR? My math is 1,000,000 x .10 = 100,000 annual / 12 month = 8,300 (Investment would grow with left over month being invested for compound growth).
My credit union has investment banking and offers this.
There is no way in hell banks would offer 10% APR, that's the realm of stablecoin staking and dividend geared income ETFs
Bro, thats 0.1%. Just buy US treasuries at that point which is what your bank is doing
>My goal is to invest and live off passive income from the money.
Why is this every midwit's plan here? There isn't really such a thing as passive income, and with real inflation where it is you'll eventually be going back to work, only this time with a ten year gap in your resume, no skills, an older body and will to work anymore, kek.
I watched a relative spend $1 million on nothing in 3 years. Couldn't take a vacation, couldn't pay off every debt. And this was the latter 2010s, before hyperinflation
it's true, if we take true inflation, $10,000,000 is less than $5,000,000 of purchasing power, which will only halve from there in the coming years
Wow Im a brainlet. I just saw it was 0.10% GG NVM Its been a long day.
$13-$15 million anything more is a waste
this. you can barely afford an apartment in a flyover state with 1 mil these days
25 mil is needed for an upper middle class lifestyle
So my 290k i currently have on dextools and all the earning it gave me in general, that is enough for me to live at a good apartment with an enormous amount space, a monster pc, nintendo switch, quest 3, etc mean that i'm poor?