>get a $80k/year trade by 22>put half your income in the S&P>enjoy 7%/year compounding>retire at age 40 with $1.4M in the bankWHY IS THIS SO FUCKING HARD?? Why do you guys take insane gambles you're almost guaranteed to lose when you could get rich with near-certainty the easy way? Holy FUCK. I see retards making $100k+ a year who have NO savings at 40 because they're too stupid to understand compounding.
>>61310653Some problems with your post. Most people barely get any disposable income to invest with, so they make the big risky plays when they do. I'm EXTREMELY frugal, and worked hard to get to a good financial place. But it literally took until I was 33 before I had a good paying job and paid off my debt. I'm a fucking anomaly money mutant, and even I couldn't get started until I was like 33, meanwhile past generations got a manager position straight out of high school because they had a hearty handshake. Plus, I wouldn't dream of retiring at 40 with only 1.4M. You need like 2.5 million to retire, unless you are extremely frugal, have a paid off house, have paid off solar panels, maybe have a well installed and paid off to avoid water bills, etc.
>>61310653>tradeGrim.
>>61310653Have you seen rent prices. Most people are spending over half their income on rent. Then add on car loans and gas and food and theres not much left
>>61310689To emphasize, the average age of the first time home buyer has just been announced to have risen to FUCKING 40 years old. Young people literally can't start their investing journeys because they are paying rent until they are FUCKING MIDDLE AGED and even if they do buy a house, with a 30 year mortgage, they are stuck paying 6% interest on a huge loan until they are 70. Like I said, I'm the anomoly. I literally lived in run down apartments with multiple roommates until my debt was paid off. I saved up enough to put down 20% on a 700k house, and now I'm house hacking to have 3 roommates pay my mortgage for me. I'll be fine, but even with these measures, at 36 I'm nowhere near retirement.
>>61310706> the average age of the first time home buyer has just been announced to have risen to FUCKING 40 years old. Young people literally can't start their investing journeys because they are paying rent until they are FUCKING MIDDLE AGED and even if they do buy a house, with a 30 year mortgage, they are stuck paying 6% interest on a huge loan until they are 70.Hahahahahhahahahahahahha
Bro do you have any idea just how little 1.4 million will be in 20 years? Sure I can retire on that, if I want to live like a fucking street urchin
>>61310653Any 22yo whose making 80k/yr is probably living in some high col shithole where 80k/yr is considered minimum wage
>>61310701It's sad, because even if you can't afford a house, there are methods you can and should take to avoid working until 85 years old. I keep pressuring my family and coworkers to just get a roommate and cut your living expenses nearly in half. They just say "LOL NO I LIKE THE PRIVACY!" I know some young people that moved out of their parents as soon as they got a mediocre paying job because "I JUST WANT TO FEEL FREE LOL!" and even when their parents were paying all of their living expenses, they still blew all of their money on doordash and shit. Yes the economy is tough, but we are in for a world of fucking hurt, where old people can't retire, and I'll be looked down upon as being evil for retiring early.
>>61310689>Plus, I wouldn't dream of retiring at 40 with only 1.4M. You need like 2.5 million to retireAnon, I think you underestimate compounding. That $1.4M becomes $2.14M at age 45 if you decide to go another 5 years. People just don't underestand how powerful compounding is. Let me give you an example. If you skip a $25 meal and put that money on the market, in 60 years it's worth $3,480 in today's dollars. You can just do this shit. You don't have to get fancy.>'m EXTREMELY frugalOkay fine, let's see some numbers. If you're not making much money to start with, I see your problem. But I'm guessing you didn't go into a trade.>But it literally took until I was 33 before I had a good paying job and paid off my debt.Never ever ever go into debt unless you're getting skills or a mortgage, and even then be careful. Debt is a negative compounder, the worst thing in the universe.
>>61310653>>get a $80k/year trade by 22earn $55k/year after all deductions, call it $4500/mo to be super generous>>put half your income in the S&PRent, utilities, and food will be at least 40% of that pay, so if you take the other 50% into index funds you've got $400 a month to actually enjoy life with>>enjoy 7%/year compoundingFunnily enough this is the one figure you're underestimating>>retire at age 40 with $1.4M in the bankYou're going to live for the next 40 years off the dividends and capital of 1.4M? Where, fucking Thailand?Delusional
>>61310701>Have you seen rent prices. This is a legit complaint. Lack of housing is responsible for most young people never getting rich. It's not even a hard problem to solve; builders just can't beat nimbys who don't want their property values to decline.>car loansInsanity. Cars are liabilities, not assets. So on top of all the costs you have to pay for maintenance, fuel, and insurance, you now have to pay DEBT. What the actual fuck?
>>61310718Anon, that's in today's dollars.
>>61310753>you've got $400 a month to actually enjoy life withGet a cheap hobby, holy shit. Learn to draw or something. You don't need to play golf and eat at fancy restaurants.
>>61310737>Anon, I think you underestimate compounding.I know perfectly well the power of compounding, I just was saying 40 with 1.4mil is still much too early>Okay fine, let's see some numbers. If you're not making much money to start with, I see your problem. But I'm guessing you didn't go into a trade.Like I said, I'm a money mutant and I'm doing fine. Right now I'm in radiology, I make about 100k after my overtime and call pay and such. I currently have about 540k on a mortgage for a huge house, but I have 3 roommates that are paying the mortgage for me so I don't care. I could probably have this house paid off in like 5 years at my current rate, but I'd rather arbitrage the higher stock market potential than pay of fa 4% mortgage loan. Problem is that, like I said, it took me until I was 33 to be making this money, and even when I did make good money, I had to cover debt and save up a 20% downpayment>Never ever ever go into debt unless you're getting skills or a mortgageThat's easy to say, but I wasn't able to live with my parents eternally like some people do. I never really had time to acquire a skill or get an education before I had to be self sufficient. By being frugal I was able to avoid stupid debt like putting doordash on klarna or maxing out credit cards on funkopops. But I still had to get a car. I still sometimes had to go into debt for bills I couldn't quite afford. I still had maintenance on the car. I worked all of the overtime I could, but the pay was absolutely shitty and life was expensive. Most other people in my situation give up and just debtmax and say "retirement is never going to happen, I'll worry about that when I'm 80." That's what's going to happen to 80% of this country. But like I said, I'm considered an absolute financial freak by everyone I know, and I still feel like I wasn't financially comfortable until my mid 30s.
>>61310758What does that even mean, today’s money, did you calculate the future rate of inflation and then discount your expected earnings back to today or what.
>>61310768>Get a cheap hobby, holy shit. Learn to draw or something. You don't need to play golf and eat at fancy restaurants.I do agree with this. There is so much free fucking entertainment out there. If you like video games, there is free to play shit, there is emulation, or you can literally just play games that are one generation old and pay 10 dollars for a game instead of 80 dollars. If you like movies, you can literally go to the library. there are tons of websites to watch movies free with ads. You can easily just fucking pirate movies. You can have ONE streaming service at a time instead of 6, and nowadays there are tons of ways to get free codes or credit card discounts for a streaming service. You don't need to consume all entertainment the second it comes out. You don't need to see all of the big movies in theaters.
Because 22yos usually don't make 80k despite 4chan larsp.
>80k a year for scratching your buttIt boggles me how much Americans get paid just for being alive, and how they manage to fall into debt regardless. Is this some sort of flex? I'm going to put myself in the poor house by wiping my ass with 100 dollar bills, just so some foreigner on the internet will feel inadequate about his income?
>>61310794median annual income in america is probably like 50k. Most people think it's higher because most stats will report the median HOUSEHOLD income. Yes, there are plenty of overpaid jobs in america, but those seem to be disappearing to AI, and there are still TONS of americans that aren't motivated to ever become more than a starbucks barista and they scream that starbucks should be paying them a living wage for them to get an apartment without roommates in a big city. Americans really aren't as rich as you might think, they are just spoiled brats and live like they do. The problem is that the economy can no longer support this lifestyle longterm, but young people haven't gotten the memo. They are going to turn 80 and realize they have only 120k in their 401ks then they'll blame evil corporations despite the fact that they never once in their lives took a minute to educate themselves about investing, and instead bought iphones every year and starbucks every day
>>61310768Anon, I understand where you're coming from, but $400 is not buying you a life of golf and fancy restaurants to begin with. Most of my hobbies are cheap.That $400 is the totality of alllll incidental things. Not just recreation.Also my explanation completely excludes fundamentals like having children, for example.
I spend about 30k a year on expenses, given a little buffer I could retire off 700k, where do all you shitty retards live that you need 1.4m to retire?
>>61310653Some people just want to get rich quick
>>61310856>I could retire off 700kAt age 40? What does that look like spending and dividend wise, break it down.
>>61310856Anon, please don't retire early without MUCH more than you think you'll actually need. Sure, maybe now you can live on 30k a year, but what happens when you live until you're 90, inflation pushes even a frugal budgets into like 100k a year, your health expenses go up because you are old, and the 60 year old house you resigned to retire in needs a new roof and new plumbing. This is why there are so many boomers becomming homeless nowadays. I have zero sympathy for them by the way. They grew up in the most affluent time in all of human history, they lived through 2 housing crashes where they could have scooped up cheap inventory, they had historically low interest rates, there's zero reason they should be homeless. for years they said young people just don't want to work, but clearly they retired 10 years too early. But they lived through the golden age of human economics and even they are getting fucked by early retirement.
>>61310856California>just leaveYou can’t leave. If you’re underwater with college debt and rent like I am this fucking cunt state sucks ass
>>61310856A big city real where real people and winners live. Loser.
>>61310653Yes, if you want to be a childless family-less incel
>>61310936Yeah. Most people don’t even live anywhere desirable with a home worth 2m. He lost the moment he went into trades.
>>61310653>40stopped reading there
>>61310980lmfao wtf
>>61310653Where you living on 29k/yr after taxes?Compound my balls in your asshole.What you buying with a 1000 month left after rent? Oh yeah that goes to goy mobile to get to work, and don't worry about food for 20 years either
>>61310653> get a $80k/year trade by 22This is nowhere near as easy or straightforward as you made it sound.
>>61311022ikr. Probably doing minimum wage for 10 years.
Retards ITT including OP>Taxes7% compounding returns over 18 years gives you 34x on your yearly investment. Half your income after taxes is going to be ~$30k. This lets your investments reach just over $1m in those 18 years. When you withdraw, you're also paying capital gains on anything not invested in a tax-advantaged account. You could lose up to another $100k to taxes on withdrawal. Finally, the value of your remaining $900k after 18 years of inflation is going to be <$600k and that's using an optimistic 2.5% inflation rate. This also implies you're surviving on <$30k/year until you're 40.Your theory isn't bad but retiring at 40 after 18 years of an $80k salary is ridiculous.SAGE
>>61310794Bloomberg literally said today Americans will borrow money just to spend. Americans are pathetic creatures.
>>61310653>get a $80k/year trade by 22I don't know a single tradie irl that makes more than $50k without going into business for themselves *after* getting their master tradesman and contractors licenses. Master tradesmen licenses take 12k hours experience (about 6 years post-apprenticeship) to qualify for in many states.>>61310753>earn $55k/year after all deductions, call it $4500/mo to be super generousCase in point.
>>61310856I'm aiming for 900k with similar spending, but I've added a bit more to account for depreciation.For example, if my car dies then I'm going to have to replace it, so I'm budgeting a few hundred dollars a month assuming I'll need to buy a new civic every ~5 years (25k / 5 years / 12 months = $416/month).Chances are my car will last 10-15 years before I want to replace it anyway, or maybe I can buy used for cheaper, either way I'll be fine if my car dies and the longer it takes just gives my investments more time to compound.I'm doing that with everything, my pc, consoles, phone, furniture, etc. which means I'll be comfy when things inevitably fall apart or need replacing.Usually things last 2x longer than I expect so I can keep reinvesting this difference, which will further increase my portfolio chance of successfully lasting ~60 years. It also means during down years I can reduce my withdrawal rate, and I've read this flexibility is the key in making portfolios survive long term.Should be plenty, long term earning 7%, withdrawing 4%, reinvesting 3% to account for inflation, and my portfolio in the long term will never lose value and will probably grow.Only thing that sucks is I want to own a house, but it would require working another ~10 years, so I'll just take my early retirement in my 30s instead.
>>61310689>Most people barely get any disposable income to invest withOutside of America this is true. Not within it.
>>61310689You're an idiot if you think you can't retire with 1.4M. Compound interest 7% with a 4% SWR means you'll never run out of money if you maintain a normal lifestyle.
I just broke 200k, good chance I might barely push 250 by eoy.
>>61311220Actual inflation is 10-15%.
>>61310706No, I’m afraid it’s much worse than that. Average age of a homebuyer is now sixty years old.
>>61310653lol. This faggot thinks there’s some sort of future to invest in. Lmfao!
>>61310653Because most people don’t come from super wealthy families who can get them $80k jobs at Goldman Sachs
>>61310722There’s no city on earth where 80k wouldn’t make you disgustingly wealthy
>>61310768Learn to write and $400 a month>>61310753$400 a month in disposable income makes you disgustingly wealthy
>>61310653>1.4 million>rich>plus living on 40k a year until you are 40.i would kms
>>61312368California and Florida would have an absolute field day with you
>>61310706>50 year mortgage
Americans truly are pathetic, entitled cunts.
>>61310653sweetie, I've got more than that by 25, its not enough to retire in 2025, forget it by 2043 LMAOOO
ALWAYS ACTING SO SMART WITH YOUR SP500 BULLSHITJUST PUT IT ALL IN BITCOIN YOU'RE SO FUCKING STUPID HOLY SHIT
>>61310894I can live off 8k, holy shit you guys are retards.
>>61310653because you still lose
>>61311093>muh optimistic inflation rateYou understand the connection of inflation to the stock markets, do you? Higher inflation = higher overall gains. This board is full of retards.
>>61310653i bought 2k usd of sp 500 index 2 months ago. it's the most boring shit i have ever witnessed. Most of my stock picks are doing well so far, i do like 50% in 5 months. fuck your gay ass 7%
>>61313118>50%>still browsing >still stockpickingSure Rakesh.
>>61310653honestly it's not..... people are just stupid and lazy. often both who would rather buy a lotto ticket than put in the work for the sure thing. im closing in on million number 2 in my mid 30s. I'm set for life already. I made some money on btc but nothing crazy. buy a house. pay it off. put half your money into the sp500. wait. its literally that easy>but what if the world blows up?!1/111hope you have food and guns stored then anon. let me remind you literally nothing ever happens. ever.
>>61310653zoomfags are not gonna enjoy 7% yearly compounding gains in S&P. those days are over
>>61310653>WHY IS THIS SO FUCKING HARD??Because I want to have a life now, not when I retire at 70.
>>61313381Demand for stuff will grow till 2100, you mouthbreather.
>>61313400"demand for stuff" =/= 7% yearly compounding gains in the S&P
>be old>dick don't work>your daughter and wife are whores>your son is a tranny>at least your compounding made you rich loli wanna be young and rich while i can still fuck bitches
>>61310653$80k/year is top 0.5% wealth worldwide pretty much nobody without nepotistic family members on the inside can get that
>>61313411It is though.
>>61310653Buy some XMN too and thank me later. You might even become a millionaire sooner than 40
>>61313253>you must not use 4chan if you made good stock picks!ok whatever retard
>>6131368250% profits in rupees dont count, Vinod.
I have a 50k job at 31 and I feel like I'm peaking professionallyI look at these higher paying jobs and the job descriptions and its a bunch of shit I have no idea how to do or tools/skills I don't have and don't know where to begin to learn them
>>61313415Just how unhealthy and sedentary of a lifestyle do you zoomers have that you think at age 40 you will be old and your dick won't work?
>>61314792>aedentaryGymniggers lose their balls first.
>>61312757Lmao Wut?You just need 500k to retire
>>61312772Only stupid people buy Bitcoin>>61314711Learn to write
>>61313369You need super wealthy family members to have a house
>>61310653>Live on half your incomeNot everyone lives in their mum's basement like you do
>>61310706>the average age of the first time home buyer has just been announced to have risen to FUCKING 40 years oldThe NRA is not a legitimate source for that. The real economic data shows otherwise.
>>61314711Start by learning punctuation
>>61312542If you hate the global elites so much why don’t you get a 50 year mortgage and become richer than the WEF elites???>>61312398I doubt it has a higher COL than Toronto. I earn 65k here and I’m as wealthy as it gets
>>61315744Learn to think
>>61310706>at 36 I'm nowhere near retirementthat's how it's designed to be, cattle is allowed to be retired only when its body starts to crumble, you have at least 30 more years in you, and you will be milked for 30 more years, the bar will keep getting higher, the carrot on the stick will forever stay out of your reach
>>61316397If you’re such an Oligarch that you can afford an IPhone then you are the one siphoning everyone’s wealth and capital
>>61312368The poverty line in Los Angeles is $84k
>>61312368You are completely misinformed. I make $105k in Texas and only have about $15k in savings. I live in a frugal one bedroom apt. And I drive an 8 year old econo-sedan.
>>61313447nopeS&P500 is overvalued
>>61310653The shit I had to do and time i had to put in to make six figures has made me become insensitive to risk.
>>61315581POOR FAG DETECTED BOOP BEEP
>>61310653>magats block your path >crush the economy>panic sell to pay bills>stocks v up>Nb4 I’d triple down No you wouldn’t . That’s why you’re disabled and live with momma
>>61312368here i fixed it for you. lmao even implying the poorest people on earth believe this, just lol. we know you have electricity, don't pretend like clear water is hard to come by.>there’s no city on IN RURAL INDIA where 80k wouldn’t make you disgustingly wealthy
>>61310653>WHY IS THIS SO FUCKING HARD??Dating was a nightmare.Remember one girl could not understand how I could have credit and NOT use every bit of it.The idea of having a a couple thousand in credit and NOT using every bit of it was impossible for her to understand.Another girl firmly believed that the most expensive items on the menu were the best and that is how her and her family celebrated events... they would always order the most expensive items on the menu when celebrating ... it was fucking insaneAnother girl believed that it was normal to buy a new car each year. Her dad would trade in the previous years car and buy a new one each year and she thought this was 'normal'.Dodge the financial retards or you will forever be poor.
>>61310653>>put half your income in the S&Pyeah UPRO
>>61318271I earn 65k in Toronto and I have tons in saving every year. I only have one roommate and often eat steaks for dinner. I even get beers after work.
>>61318323I’m one of the wealthiest people in North America
>>61318939>Says that after posting 65kAnon you know theres IDs right
>>61318954I said one of the wealthiest people.Yes I know Elon musk and Bezos exists but I’m still in the upper eschelon and too percentiles.I don’t know anyone who makes more than me besides my direct boss and coworkers of a higher rank
because the slow and poor 500 does not beat inflationbuy MSTR at 200 before it goes to 1000
>>61310653The S&P’s “gains” are merely prices matching inflation aka a evermore worthless dollar. Wanna track inflation over the years? Overlay a dollars purchase power versus gold on the S&P. It’s all a scam.
>>61318987I made over $100k CAD last year between gibs and delivering pizza
>>61319001>>61319022The S&P500 is the only thing that beats inflation
>>61318283At first S&P is overvalued, next moment it cant outpace inflation. Kys moron.
>>61310653>get a $80k/year trade by 22not without connections or DEI you're not
>>61310653>enjoy 7%/year compoundingIf you put your money in the sp500, your real return for the past 25 years is negative in terms of gold purchasing power. Aka the government lies about inflation numbers and the best you can hope for as a normie is to only lose a few % of what you have each year.
>>61320761Shit schizo retard.
>>61320761Shut up schizo retard.
>80k yr trade job at 22Um, no sweetie. 80% of zoomers and millennials will spend 80% of their twenties on their phone and the Internet. They will not be getting hired for any high paying job, much less by the hardest working, and virtually in eternal debt (the only reason to work full time for 80k a year).Also, we can't pretend that the s+p ath isn't entirely due to Jewish collusion, cheating and rigging of the stock market and exchanges with the media. Every rich stock owning Jew has a bloody corpse on their hands thoroughly documented, not just caught red handed. The s+p will fall like the thousands of dead companies that have fallen out of the s+p in the past.
>>61320761>>61312807correct
>>61310653>WHY IS THIS SO FUCKING HARD??Taxes
>>61310653So wageslave for 18 year. No vacation money, no house, no car. Eat ramen and ret as cuckshed. Just ride the bus, work and jack off to anime( no gf ). No friends also and you have to hide your net worth since pretty much anyone that talks to you is poor af and will be jealous if they found out..
