How has your perception of money changed over your years?
Once I broke 30k in liquid cash it all seemed pointless and small. My paycheck, my savings, just everything seems like it doesn’t matter any more
How has your perception of money changed over your years?
The more I have the harder I want to grind to increase. The less I have the more I want to give up and smoke drugs. I hope my net never drops below $50k again
It just sounds like you aren't using your money in a way that makes you happier/improves your life? Once you get past the point of stability and safety it's not going to feel any different if you aren't using it. I don't mean blowing your money on consuming either, I'm talking hobbies and progression that money can bring. Any level of money beyond sustaining your current lifestyle will feel indifferent otherwise.
I was 15k credit card debt and obsessed with money due to having none. I stopped spending and worked overtime/2 jobs saving over 50% of my income. I had a goal, to be free. I became debt free and was so proud, I hit 10k and was amazed at never having that before my entire life.
It’s been 3-4 years since I started in debt and I’m 175k net worth and I have completely changed how I look at money. The obsession and hunger is gone. I could double my net worth and it means nothing. I am disgusted by consoom and ashamed I use to live like that. I’m not rich enough to buy a house or anything I *think* would get me happiness and I’m struggling to the next step.
>stability and safety
you need like 500k minimum
Money will never buy happiness or satisfaction. You can still frown while sitting on a yacht
poorgay cope
Got a $58k airdrop last week and I feel even more poor (had like 20k in crypto mostly farming airdrops on my many wallets). I'm positioned for other major airdrops which could potentially net me $200k+. If I made 1.5 - 2 mil I would most likely be at peace. My job as a codemonkey making $2700 a month in eastern europe never felt more pointless. But at least it's comfy and paid well above average in my shithole.
You never got even remotely close yo money that could grant you freedom. This is the type of shit boomers say when all of life's doors have been closed and they are stuck in their hole
I have 30k in savings and 6 fig folio. I had 30k in savings at 4 fig folio tho. I don't feel any different and don't know what to do. Maybe cash to 60k, just to see if I feel twice as wealthy.
IMO having a stack of cash in the bank is a great feeling, anyone who says otherwise is kidding themselves. Obviously it shouldn't come at the expense of your portfolio though, I wouldn't recommend selling off a portion of your portfolio just to leave it in a savings account.
I've had a multiple six figure portfolio for a few years now, but nearly two years ago when the market started to shit itself I realised I was being moronic and was way overexposed with only 10k in actual savings as an emergency fund. Decided to get my shit together and pumped the emergency fund up to 15k and also started another savings account which now almost two years later is sitting at 75k. The portfolio is still low-mid six figs and is just doing its thing in the background. With just a little more cash in the bank now I sleep better, don't worry about money anywhere near as much, and it's pretty comfy to see nearly six figs in actual dollars just sitting there readily accessible.
Thanks anon. Getting ~5% on savings so maybe worth DCAing out some money slowly.
You still actively buying or do any trading?
Sitting in cash and letting inflation eat away at it, even with a relatively high apy from a savings account, just makes me feel like someone punched me in the gut. At least put it into some stable divvy stocks that have historically performed very well during recessions so you’re good even if shit gets bad. People still eat McDonalds during the bad times
funny you should mention mcdonalds, good stock to hold
>the cost of mcdonalds today vs a decade ago
>tfw priced out of mcdonalds without the deals on the app
Money sitting idle is wasted opportunity. A tiny 10-20k emergency fund for minor expenses is fine. 6 figures in cash that isn't working for you and is slowly losing its value is grandmom-finance
The fact that you have been stuck in low-mid six figs for so long says it all. Having so much cash just for 'le good feeling' is stupid
it starts to matter again when you have to pay bills
I have $100k portfolio now and I am much more anxious than when I had $10k
You must be invested into garbage then
If you’re in shitcoins that will inevitably lose 95% of their value at some point that’s understandable. You’d be an idiot it you weren’t on your toes. But once you have a signicant amount of money in real estate or index funds, you become more relaxed and you can afford to make riskier bets with a part of your portfolio without getting emotional about it