Hello Zig Forums. One simple yet complicated question.
How does an early 30s wageslave alcoholic get wealthy? How does he turn 500$ today into 5$ mil tomorrow (hypothetically). Is it day trading? Penny stocks? Crypto? Cold hard PMs?
Can you turn or advise a newfag fresh to the world of wealth and try to get them wealthy? I know its vague but with shared knowledge and experience is a sense of accomplishment and verification. If you became wealthy, are you willing to make others too?
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> How does he turn 500$ today into 5$ mil tomorrow (hypothetically).
by getting lucky. NEXT
chainlink
Porn
How does one get lucky?
You have no drive or ambition. The first 10x you’d make on $500 would be spent on stupid shit like a truck or guns. Just give it up.
DD and crossed fingers the clown market doesnt fuck you anyway
buy kneepads
suck 5 million cocks for $1 each
buy some eth, link & h3x op
you'll be rich in no time
A pretty projected statement.
But how would you invest the 5000$ you make off of a lucky strike. Whichever that may be, although I'm assuming it deals with the stock market
Start with solid low cap shitcoins like Suterusu. Buy when it's crabbing. Sell high. Repeat. Might take a year and surely you will lose along the way (just remember stop loss)
FUND
Right fucking now just trust me
>just remember stop loss
noodle hand cunt
This may be a dumb question but everyone starts from somewhere.
Is there a page or youtube vids or somewhere to learn all this lingo? Low cap, crabbing, moon, etc
Nobody knows. And nobody will reveal their secrets if they do. The only way you’ll make it is stop consuming, reduce your debts, and begin investing now. You’re looking for lottery tickets, your mindset is completely wrong. Even if you “made it”, you know you’d spend it all.
What would you do if someone handed you $200k? Well, assuming you’ve worked since 18, you’ve probably had well over 200k in excess money pass through your hands and look what you have after all of that. $500. If someone handed you a million, you’d go buy a Lambo and mcmansion and lose it all within 2-4 years. Change your entire brain and ascend to man-conscious. Your net worth is your knights sword today. Cut through challenges, collect your rewards, and improve your sword. Rinse repeat. Nobody is going to give you the cheat code, as it will diminish their own returns.
Well I guess the million dollar question is how do you change the way you're conditioned to consume and spend? How does one attempt to improve my sword as you say?
I dont even know where to begin with investing, with putting 500$ to a good start. This is what I intended to get an answer for. This is what I wish to know.
this has a bunch of the normie lingo
fxcm.com
Begin watching Dave Ramseys YouTube rants. A good one is “how to become a millionaire” If you don’t get passionate, you have no chance. I became inspired almost immediately, and turned -30k off debt into positive $139k in two years. I only make $22/hr I work a shit ton of overtime.
Investment instruments are relative. It depends if you want high risk high reward or not. Precious metals are only OK investments. You want to at least see 10%/yr average returns on your investment and keep investing. People making a million on one trade is highly unlikely. Get skilled at buying low and selling high. You can do it with anything. Stocks, watches, cars, houses. Get skilled, save money, and put away into long term investments. It’s the only way.
thank you
Ill definitely give it a watch. Can you enlighten me to some examples as to how you got to where you are today.
Putting that $500 into debts is the best start. Interest is killing your potential returns. Get debt free and only have debt for houses, or a business that is seen more like a money printer to you. All other debt is for the plebs and peasants. The Poor stay poor for a reason. Once you’re debt free start investing on Vanguard into decent indexes, mutual funds, etfs. You need to know about your investments or you’ll jump in and out and get nowhere. The only alternative is if you get skilled at buying low, selling high, then obviously your returns are much higher than 10%. The best flip strategy is go for at least 30% profit margins. I’ve been flipping cars for a couple years and I net over $1000 minimum per car. Less than 10 hours of work per car as well.
What got me here is a “cash is king” mindset. I only owe on my mortgage and I flip cars and work overtime. I’ve never been more excited about life in general as my flipping strategy will allow me to quit my job when I move to a higher populated area next year. Risk mitigation is highest priority. For example, I know what a car is worth, so I know a good deal. Which reduces my risk. If I buy a house to flip for example, my risk is very high since I know little about real estate.
Reduce risk and cash is king. You’ll make it, you just need to grind.
The funny part is no matter how much money you make, you will find a way to spend it all on liquor.
Fucking failure.
Hey, bro. Unfortunately the root of your problem is that you're a nigger, as evidenced by your ass posting. You won't be able to make it without gambling and even then you'll lose it all shortly after.
Thing is I'm not in much debt at all. In fact I think I'm a net positive. Not by much but I can easily invest 500$ into something. Btw I watched the Dave Ramsey vid. It's inspiring but dated. Don't know if credit unions do Roth IRAs or if I can find a good mutual fund but it's a start.
And forbeen pretty much a waggie all my life. Don't have the know how to flip[ on a volatile market. I do like the cash is king mindset and saving a few hundred every month is somewhat feasible
Truth be you would be right a few years ago but this whole pandemic shit got me thinking new thoughts
It's about discipline, unless you are genetically predisposed, it's very unlikely to happen. As others have stated you want a get rich quick scheme, and even then you would just waste it all without discipline.
Woah hold on there Nemo, ass and tits are great by themselves. Both attribute to fertility and virulent reproduction.
But you insinuate I wouldn't make it in the long run cause I would loose my gains after initial successes right? Isn't that what the stock market game is about for some? Unknown investments either going big or broke? What I'm after is to escape the rat race. To have a decent shot of short term success into long term security. I just dont want to stuff my mattress with money until I die of old age anymore, I want to be secure, be able to live like we were meant to be. Is that so unattainable?
Options are your best bet. Study before going into it. Fundamentals of derivatives, graphical analysis of stocks, and don't be faint of heart.
Then how do you attain discipline? I can reframe from spending hundreds on useless crap months on end. I can do the wage grind. And I'm sure a shit load of others on here to can as well.
What I need help is to put that money saved, money earned in a good spot. To grow. A simple vid, advice or hell even examples of how you guys did it would be great and appreciated.
Okay that’s good, mutual funds take almost no thought. Always bet on the winning horse. If it’s performed over 10% for 30 years, it’s probably a safe bet as long as you hold more than 5 years.
Sorry to say there is no easy answer. The motivation is a snowball effect. You have a measly $500, but once you grow your net worth to $50,000 you will be more motivated than ever to do what you can to escape the wage cage. It comes faster than you think, as well. I simply stopped spending. I pack a lunch every day for work. I only buy things I use daily. I enjoyed 8 years after high school mindlessly spending, I don’t have the “well if I die tomorrow then I just wasted all that time saving” thoughts (those are the most common comments I receive When people find out I’m a super saver) I’m having more fun now than I ever did consuming product after product. Everyone my age makes fun of me, but the people 20 yrs older than me praise my mission. I want to wake up on a Tuesday afternoon and do what I want, and not have to answer to a boss, landlord, or bank. One day I’ll be debt free entirely and independent from an employer and I’ll do what the fuck I please. Sacrificing a consumerist life is worth the reward.
No, you can't, that's why you made this thread.
Put your money into a savings account periodically. Make it grow. Your goal is something around 10k.
While you make it grow, use all your free time studying options and graphical analysis.
Once you get your 10k, split it in 10 one thousand dollars "bets".
Apply what you learned in options trading. it's the quickest way to double your money. Never go all in. Use one bet at a time to get used to it. You have 10 chances before going broke, you'll learn it before that.
Godspeed, user.