Wagecage is no way to live. My portfolio is sitting around $30,000. I’m considering quitting my job, cashing out little bits when I need to and hoping it keeps going up. I gotta get out and sabbatical sounds like what I need.
Have any of you budgeted for this? At what point would you quit, if not just to take a sabbatical?
dont quit OP. just dont
fuck off. some of us are 7 figure and still waging. you have 30k you dumb bastard. youll be in that cage for YEARS
It needs to be at least 6 million before I never work again.
Don't be a retarded poorfag OP. Working as well as investing is how you secure that you will make it. Relying on dumb luck will end you. You have to have constant money coming in so that losses don't fuck you. And losses will happen in crypto if you are taking enough risk to actually make it in the first place..
Incredibly based
$2M and I can quit
Will cash out and stake/loan a token for 5-10%
>30K
If you live in the most decrepit third world shithole maybe you could make it on this
At least 100x that amount
Do this math?
[House (White neighborhood and not smal and not big) + Good car (Toyota, Honda or BMW) + 2 years of healthy food] x 1.2.
Also, have a good job, you will need income money to not be fucked in the future.
That’s retarded. You can live off interest with 1-2 million and just let your wealth compound at that point
just get a job you like for as long as you need it, start a holding company for your investments when you have enough capital to retire and just work less and reinvest dividends/staking rewards
1-2 mil to NEVER work again?
I'd still be doing consulting and side hustles even if I crossed 7 figs. I'm trying to build wealth for a future family not just live in a neetcave and be happy with not waging.
>trying to build wealth for a future family
fuck that, they can earn money themselves. generational wealth’s a stupid aspiration that relies on too many factors out of your control.
30k? Are you insane?
Maybe at 300k.
I didn’t clarify but the plan’s just to take a few months off, then get another job after. I’m about to blow my brains out.
I would advise only taking a sabbatical of 2-4 months, and then re-evaluate your situation, 30k is not a lot of money, even if it's more than what most have in their savings. Also consider the missed compounding growth from draining that money now and lowering your net worth essentially setting you back. You'll have to recover and the more time you are not making money, the longer you will be working later. It sucks but it's just how it is.
The best way to get a break is to be part of a layoff and collect severance.
>The best way to get a break is to be part of a layoff and collect severance.
based, thanks for the input. I’ll just sit tight, half-ass it, and keep my fingers crossed for headcount reductions.
>-2 mil to NEVER work again?
yes 2mil is all anyone needs for a safe inflation adjusted $80k annual draw for life. If you don't know how to accomplish that with $2mil then you will never have enough money to retire because you suck at managing money. $2mil or $200mil you'll fuck it up and end up destitute again within a year.
> keep my fingers crossed for headcount reductions.
the absolute state
throw that 30k into SUTER and you won't have to work again
gamble your entire wage each month on a new shitcoin. do this for 24 months and youll make it.
30k is nothing btw. you need 20mil
So aside from high dividends, what would you do with your $2 million?
>My portfolio is sitting around $30,000. I’m considering quitting my job
lmfao
keep grinding. Keep hustling.
live off it. why the fuck do you zoomers get so obsessed with memes like traveling and consooming. I'm 34, I want to cash out and not have to work, period. the only reason to get more is if you want to be able to support a family cause fuck having a wife that works
take some time to explore your aspirations because if you want to blow your brains out, simply laying around all the time isn’t going to make you feel better. not to be a faggy r*ddit armchair psychologist or anything
Looking for another job? IN THIS ECONOMY?
ok wagie time to go back in the cage
I have a well paying job so I'm not quitting until I'm literally at the point where I'll never have to work again.
Also even then, I still wouldn't quit. I'd just stop giving a shit until they eventually fire me. Which could take a while for them to actually get around to finalizing, so in the mean time might as well take advantage of easy money
this, gotta put your time somewhere. martial arts is good, and helps get you Zig Forums if you're a slob
This, unless you can get hit a 1000x you are waging for life. A millie is not enough to quit, all that is is enough that you don't have to pay a mortgage and car payment, maybe you can live in a nicer neighborhood. But you are not escaping wageslavery under 8 figures
Wtf can you do with 30k lmao
1mill for borderline homeless
10mill for secure happy life
100mill for lambos and #madeit life
I know how you feel fren
My portfolio is around $300,000 now.
I just need a 2x and i'm quitting and fucking off to live in Thailand for a few years.
This wagecuck life is killing me.
this. i did taekwondo for a few years and it was a good time
I quit with 20k portfolio and it lasted 2 years
Was very dumb since I missed out on those sweet early years of compound gains
yeah dont quit man, those small chunks will be worth loads soon.
martial arts sounds great. local dojos are closed but i’ll look into some videos and guides to get started with some basics, then go to the gym to fix up my form once covid’s over. thanks anons
2 million, maybe a bit more for a house. I'd still work, but probably cut on working hours and basically travel and live of my wage for 10-15 years and retire at 45
I don't really need a set amount of money in the bank, I need steady passive income. If I can make 20k per year off of LINK node staking I will literally never have to work again. I live in the middle of nowhere where everything is cheap as fuck, my house is paid off, I have no debt. My living expenses total less than 10k per year.
2MM$.
Or staking returns that's 3k a month.
I quit when I hit $300k.