Lets be honest if you made 1 million in crypto or Stonks, you would be in a far better position. It would open up big opportunities. You could reinvest the million and live off of dividends or you could try to turn in into 3-5 million. STOP saying that 1 million isn't enough. It would be life changing for most here.
Why do so many on Zig Forums say that 1 million dollars is nothing?
Owen Thomas
Other urls found in this thread:
en.wikipedia.org
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Justin Watson
that's a girl
Jace Adams
It’s how they cope as they swipe their credit card for another coffee.
Austin Jackson
A milly is nothing you broke ass bitch
Jackson Flores
It's more than most would ever see in their life times. It's not enough to retire on, but it would put you so far ahead.
Thomas Davis
I never understood that either. A paid off house and a lowkey 5% withdrawal per year is still 50k and it’ll keep growing.
I honestly think a lot of people here are low iq and think you just have 1mil sitting in an account and withdrawal 80k a year.
Aiden Edwards
Fuck you Jose, no one likes you.
>ngmi
Ryan Thomas
Because a million like you said gets you say 50k a year. Okay, that gives you average worker money with a lot of time on your hands. It doesn't make you rich. Sure you can do a twice a year vacation, but you don't have the cash to do what people with money do.
Bentley Gonzalez
It's not nothing, it's massively significant for most people. It's just not enough to retire on at 30. It's not fuck you money.
Robert Ortiz
>not putting the million into a safe dividend fund or money market
>not waiting patiently for the next dip to buy in
>not turning the million into 3 million
ngmi
Jaxson Campbell
Because we were promised things will change after hitting a mil. It didn't
t. 1.2M cashed out in 2017, still here, still khv
Jackson Foster
Most people here are somewhere between mildly and extremely autistic. Generally autists are disconnected from reality and have a difficult time thinking in the abstract.
For those two reasons, they are not able to rationally extrapolate what their lives would be like with $1MM in the bank.
Kayden Rivera
It's not nothing, but you can expect at least a 50% haircut for Corona, then another 50% for Climate Change, and maybe some more for good measure.
For now it would certainly be comfy, but long term much of it is going to evaporate away.
Levi Jones
man
Colton Smith
not if you buy land with it
Charles Torres
>feds print money
>1mil purchasing power reduced to 200k
it would be life changing but you would still need a job
Jaxson Hill
>A paid off house
WHY
WHY
WHY
what is it with this board and paying down/avoiding mortgages. INTEREST RATES ARE LESS THAN INFLATION. Put that money to work in a higher yielding asset and pay the minimum on your mortgage.
Alexander Hall
it's just losers trying to demoralize people for God knows what reason. the only way 1 million isn't making it is if you have a dependent wife and kids to take care of, which none of the people saying "1 million is nothing" have.
Liam Powell
You can't compare that to just working a wagie job making a given annual salary. The difference with having a fat fucking stack is that you can purchase a house outright first thing.
Most people have mortgages for 30 fucking years. A huge amount of their paychecks go into paying that off and just barely treading water. If you have enough to own a house outright, not only do you not have to pay the mortgage interest jew, but you've basically crossed off the single most expensive thing most people will ever have to buy. All the money you make after that is basically yours to do with as you please, save for obvious costs like utilities, food, etc.
Brody Russell
This
Noah Gomez
Peace of mind.
If you pay off your house, you have the thing and short of getting behind on taxes you can’t lose it.
If you bank on paying your mortgage with passive income and things tank before you get out, you are out on the street.
Also: fuck (((loans)))
Jaxon Barnes
1M would be a massive leg up in the world.
That type of capital can make more money.
I would buy some land.
A house.
Invest in one or two businesses.
Put some into funds/stocks.
It won't give you a billionaire lifestyle but life could be very comfortable all the same.
Retirement at 30 on 1M is possible if you go to a 3rd world country.
Oliver Bell
>implying I want to live in India to say I made it.
Jace Reed
because paying your mortgage off is true freedom. You are not paying a bank any more interest. All of your income can go towards investments and if you sell your house you get full price. Being debt free is possibly the best feeling in the world.
William Mitchell
If you familiarize yourself with UN Agenda 2030 and its implementation as WEF Great Reset or Green Deal, you'll find that personal land ownership is seen as "Unsustainable" so I wouldn't count on keeping any land in the medium or long term.
Using environmentalism as an argument, pretty much any property can be confiscated just like that, though it is more likely to be done using "soft" measures instead of brute force (ramp up costs until it is no longer affordable, prohibit most use of the land with laws and regulations, otherwise inconvenience owners, start a fire here and there).
Camden Barnes
Because 1M isn't enough to escape wagecuckery..
Need 10M post tax minimum.
Luke Stewart
Well, I have a plan to retire at 29 with the first 1 mill made from crypto.
Right now in my country I work for a salary of 850$ and this is a reasonably good one so 1 million is definitely enough for me to retire.
The plan works like this:
1. Invest 15-25% in stablecoins and stake them to make 5-10% per year. > make ~1000$ per month
2. Invest 30-40% into a few apartments in Portugal and rent them > make ~1500$ per month
3. Swing trade some crypto now and then > make 1000$ per month.
4. Buy a cheap sailboat from Sweden (they have cheap sailboats there) and travel around the world, exploring islands, mountains and all sorts of cool places that many working people never get to see.
What more do you need? I personally know people that do this for less that $1.5k per month, so with $3.5k is very easy.
Just get out of your rich asshole bubbles and realise that 1 million is more than enough to see and experience a shit-ton of things on this pale blue dot.
Liam Flores
Not if you are smart.
Jordan Carter
This, the less trust I need to put in something (whether the markets or a job or whatever else) the better. I don't want to have to rely on a fund paying out higher returns than my mortage payments for 30 fucking years. I just want to pay that off so that the only thing I'll ever have to pay for the house is property tax
The dream is to be debt-free and REMAIN debt-free. To never have to rely on the mercy of someone else to maintain your life. I have a well-paying job, but even I'm concerned and nervous because I know at any moment, my life could be completely JUST'd if my employers decide to lay me off, higher a new grad who's desperate for a job and willing to do the work for 30% less, and so on.
Robert Torres
bullshit. Americans will die to defend their property. Not sure about eurocucks but americans aint giving up shit
Samuel Sanders
Everyone that claims 1M is not so much desires early retirement from wage slavery.
You do the math, calculate your regular spendings, rent, food etc. for every month. Multiply it by 12 and see how many years 1M would last. You will be broke at the age of 60 max.
If you desire a high society life 1M is even less, actually it's less than nothing in that case
Jackson Fisher
I would go crazy for a million. Hell, even for half of that. I could pay myself an appartment right away, put my salary on the side with paying a landlord like a cuck, even maybe investing in another place to be a landlord myself.
It would be fucking awesome. I don't need to make it to not work for the rest of my life, just to not worry financialy.
Ethan Jones
ITT: retards thinking you can retire comfortably off $1M.
>en.wikipedia.org
3%-4% (from the initial amount investged) is a safe withdrawal amount. Living off $30k-$40k a year isn't comfortable. It's doable, yes, but it's not comfortable.
That's why $1M is not enough to make it.
Wyatt Barnes
Listen You stupid fucking worm of a cunt. No one is claiming to "make it" off of a million. To make it you would need between 5-10 million after tax. we are saying that 1 million is enough to make it if its invested properly. Such as putting it into real estate or trying to double it in the markets.