There are some faggots on this board, who think $1 million means /making it/
In reality, it is just the beginning.
Get this in your head, user
A million Dollar is literally nothing
This, you need at least 35million to make it before taxes
Let's be real here. All the smartest anons on this board know that it's impossible to retire with anything less than $100 million. Anything less than that and you're basically a pauper playing make-believe.
Lol even half a million is making it, if you manage to burn through such amount of money you're a retard
I just want 2 mil to stop working. It would be comfy to let that 2 mil generate 5% a year so I have 100k to live off of. So 2 mil seems based enough for me
I enjoy brainstorm investment ideas. If I had years worth of wages, I could commit to it full time instead of wasting my energy on the wagie treadmill.
If you can't elevate yourself with a million dollars, you're probably a over spending dumbass.
THIS!
I can easily live a comfy lifestyle for the rest of my life on $1 million, being a minimalist. Meditation, friends, family and nature make me plenty happy.
Need 10mil minimum after tax if you live in the US and want to raise a family. Thats the minimum threshold for comfy status
this is your brain on consumerism
If you haven't made it with a million dollars, then you are a shallow prick that will never truly make it.
You sound like a faggit
It deepends on your country and lifestyle, 10 million after taxes would be Ok to live from the taxed remains of dividends for me.
that's fine user. rather a happy faggit than a depressed greedy neet
For me 'making it', is 2.5 million after tax. All I want is to buy a modest house/appartment, and 2k monthly allowance for the rest of my life.
I don't need a lambo or a rolex. I just want a financial safety net that allows me to pursue whatever I want. If it gets me more money, yay, if it doesn't, no big deal.
Guaranteed you are a metrosexual at the best.
Million isn’t enough to live comfy in good parts of a third world.
>MILLION DOLLAR NOT ENOUGH TO CONSOOOM
>HOW CAN MAKE IT IF NOT CONSOOM?
>SAD_FROG.JPG
it's enough to pay off your debt, buy a home in cash in a rural area, and pre-pay your property taxes and many other expenses for the rest of your life. stop being a retarded nigger.
Yes it is.
Innawoods easily.
You are the retard, the game is about creating generational wealth.
150k in third worlds makes you 3 minimum wage salaries(minimum wage salary = 350$)
150 million dollars is a well budgeted Hollywood movie.
However most studios and shit especially fellow investors and producers still treat you like garbage outside of just being another wealthy investor. They won't listen to your ideas if you're not a "talented veteran" in the medium.
Then there's people so fucking stubborn they refuse to sell their service to you or listen to you no matter how much you pay them 1) they're incapable of listen 2) they don't have time to listen to some shmuck richkid who doesn't know shit about the medium he works in 3)you have to create your own circlejerk for that.
1m will get you multiple 30yr mortages
Based and truthpilled
>t. 50k LINK holder
A mil is history since the 60s. Except if in a good alt. ETH/TOMO combo. Making it before eoy
It depends what your goals are and what you are happy with, sure you get more greedy after getting some gains but being aware of this can help you settle for less than what could be.
>generational wealth
great idea if you want your descendants to be idiots
I would make it with $200k in my shithole
I was meming, dude. If you can't make a happy life for yourself on 1 million you couldn't do it with a billion.
I could get financial freedom off a million because I am no retarded and could continue growing my wealth every year.
You can throw 1mil into dividend etfs and live comfortably off of the dividends, pursue your true passion and make money with that in a few years
1 million is not nothing faggot. it's not enough to retire in the first world but it's a lifechanging amount of money. you can quit your job and pursue any kind of career or business venture you want. if you're smart you can turn that 1 million into 10 million and then you'll really be set for life
I’ve got $300k in cash, feels like nothing and I need to 10x it somehow
$2MM is comfy mode, but not safe nor satisfactory by any means. $10MM is satisfactory and safe, but not fuck you money. $100MM+ is fuck you money.
Just look at the owners of the Heinecken brewery, it is possible to create a system that keeps generational wealth going and your descendants to a degree mentally healthy.
1 million gives you 20-30k after taxes a year. thats enough to neet alone. But you need more for a family in a first world country.
You LITERALLY need a bazillion dollars to make it
guess 2mil is the goal then, $300 link is my sell target then! LETS GOOOO
if you have 1 million you are 1-2 years away of having 1.5 millions
>possible
most people that make it aren't going to bother, lets be honest. biology will supercede all and parents are ultimately just going to bail out their children because of basic primal instincts
All-in Bitcoin, EZ
I agree,
at these current times, home prices are absolutely nuts, and 98% of the people get them with minimum down. If you made half a million in crypto theres so many changes that come into your life where you can live with way less stress,
these fags in thier moms basement think life is a zero to 100 polar mindset, want to go from being a fucking turd that eats white castle to driving a lambo, fucking sluts on the regular, eating caviar, a gated mansion from buying link at 18$
meanwhile if they dollar cost average with a wagie job, sell at a reasonable time, perhaps 400-500k is whats going to change your quality of life from being a turd.
at that point you can always discover a new shitcoin in 2024 and start investing with large capital and eventually start making a few million at that point.
stepping stones of wealth you your brains. crypto has some of the most retarded people
A 10x?
$1M is the baseline for making it as in "never having to work for someone else again". With $1M in investments pulling 5% ROI annually, that's $50k pretax per year to live on, and because it's investment income, the first $40k is tax free, and then the next $10k is taxed at 15%, so after tax that's $48500 to live on, or just slightly over $4k/month AFTER TAXES. If you live frugally, you're basically stacking free money at that point. Even if you have a family, you can give them a middle class lifestyle with no work on your part and you can actually enjoy your family rather than just see them a couple hours a night and on weekends. $1M is still a big deal.
If you want to travel and live a lavish lifestyle, you'll want $2M pulling 5%. That first $40k is still taxed at 0%, and the next $60k is still taxed at 15%, so your annual passive income is $91k after taxes. Your monthly income is a little over $7580/month. Now you can afford luxury cars, an excessively large house, private schools, and regular travel out of country for the whole family on JUST your passive income, without even touching the principle you have invested!
This works the other way, too. You can figure out what your expected monthly expenses are, add a 20% or 50% buffer onto that to cover savings and irregular expenses and emergencies, and figure out what you need to have invested to get that passive income. Let's say you're desperately NEET at heart and can't stand working for the man for one more minute, and you can get buy on $2000/mo or $24k/yr. That's below the tax threshold for capital gains, so you don't have to worry about taxes at all. Multiply $24k by 20 and you get $480k. That's how much you need to have after crypto taxes to retire early. Now, maybe you're worried about crypto taxes. Let's assume you've held for longer than a year. You can cash out up to $40k of crypto per year tax free. Between $40k and $440k, it gets taxed at 15%. Above $440k it gets taxed at 20%. Cont
Just be a psycho with enough fallback childreen.
$5MM is my make it target. Even at 2% yield of AAA rated munis, you still get $100k per year, no tax. That way I make my money, fund local gov projects of my choosing, and don't pay anyone a fucking dime
1m would be enough for me to retire on.
>500k into a savings account
>300k towards two properties
>100k renovating my current home
>20k new car
Put both properties up for rent + gain interest on the 500k + still have 80k in the bank which is about 3 years of my current salary.
More than enough to retire.
Half a mil is making it.
if your only pleasure in life is to consoooooom then you are a pleb and you will never make it even if you have a billion dolars.
keep in mind the taxes for non qualified divs will be high. but if theyre qualified youll only be paying 15 percent plus whatever state taxes (13.3 percent in CA - so 28.3 percent total) plan accordingly.