How do I unironically retire at 40-45 y/o if I have 100k at 23 y/o right now? I must escape the warehouse.
>>33849637You are set for success, anon. Set your budget, live low cost, and set aside that 100k as an emergency nest egg. After that, put as much of every check diversified into the s&p 500 as possible and never sell. No matter what. No matter the highs or lows, keep your positions and every check keep buying more. That’s how you build to retire as a millionaire.
>>33849637Live on the absolute bare minimum then go retire to Vietnam or Thailand. You can live the rest of your life somewhat modestly there.
>>33849637An index-linked mutual fund should at least triple in 20 years - more if you keep adding to it
>>33849644>>33849660I already have 70k in the market, thankfully. Got ~3k in btc but planning to dump like 10k into it. Fuck it, I should put my entire life savings and just bet on it. I die poor either way if I go the safe route so might as well take that crypto risk
>>33849702>I should put my entire life savings and just bet on itNo! Idiot. Keep your savings as savings. There is no get rich quick scheme. It’s a grind, but one with a destination. I don’t know how much you make, but just do the numbers. Look at what >>33849660 said. 20 years of 20k a year tripling is $1.2 million (simple math).
You have a little period of time to hybergamble yourself into wealth if you fail to do it you will be wagecuck for life. Bitcoin / stocks is a safe option for people who have already made it.
