I’m 34 and my net worth is 112k. I’m so fucking behind. >you can let your foot of the gas broNo the FUCK you cant. I’m not letting my foot off the gas until I’ve got like 300k. This dumb boomer retard was gaslighting everyone just like that fucking BITCH who wrote “the simple path to wealth” and recommended 100% VTSAX despite getting rich by stockpicking.Fuck these retards
>>61625256>net worthIs a 100k cash not fake and gay net worth
>>61625256You can't let your foot off the gas now until your first million.
>>61625267>can’t even fucking proofread his comment before postingYea thanks for the bump zoomer faggot
>>61625269Yea you’re probably right. I’ve got 133k shares of Haydale Graphene. Get me to a million biz bros
>>61625256a) if you adjust his $100k figure to inflation it from the time he said i would be about $300k+ in today termsb) it's one thing to have $100k in your early to mid 20s instead of mid 30s
>>61625269I'm 43. My net worth is about 1.1 million, 1.4 if you include my house. I have a wife and 4 kids. I essentially have a middle class life circa 1995and consider myself lucky for it and thats how fucing bad it is.
>>61625321I will never have this. I’m so broken that the only way I can get pussy is paying hookers overseas
>>61625321>have a middle class life circa 1995No you don't. You have a large screen TV, and a cell phone with the internet (real internet, not 2400 baud dial-up) at your fingertips at all time. You have a smartwatch on your wrist that far exceeds anything SciFi was predicting.
>>61625256>op feels inadequate, he is well behind
>>61625381Suck my dick faggot, my body count is 200
The new figure is 1million.An 8% return is 80k a year so that's when things start to take off.8% of 100k is 8k and this isn't enough compounding for lift off.
>>61625256Adjusted for inflation that is $700k.
>>61625390I’m not settling for the market average you shithead. I made 40% last year, I’m winning this game
>>61625375and how the fuck do any of those make his life any better? people need their own land, not your fucking $1 electronic toys from china
>>61625375>You have dopamine screens, count yourself lucky goy!Go fuck yourself. The modern challenge is being able to afford a home built over 60 years ago and feeding 4 kids and putting them in school and not letting these affordable heckin epic screens turn them into brain rotten little retards who get sucked into whatever flavor of the week meme their dumb fuck peers come up with
>>61625276>Haydale GrapheneNot bad, but you need to add some HGRAF to your port because they're the one company that can produce a lot of it.https://www.youtube.com/watch?v=oLxQI8RCXjc
>>61625418Yea you won the game elder millenial, hats off to you.
>>616252561m is the new 100k
>>61625421Yea I’ve got 500 shares of HGRAF thanks to you or some other anon. Gonna buy somethin else in the space today
>>61625256That quote was from the 90s. Inflation has made that 100k become at least 200k. Is the VTSAX guy wrong even though he made money from stock picking? He eventually came to the conclusion that you can't beat the market, which is true for 90% of retards.
>>61625451He STILL became rich from picking stocks. He didn’t start off that way, and wouldn’t have made it starting off that way. Trading, stockpicking, or high salary job is the only way
>>61625404You're right. The inability to buy and live on land and build housing is the single biggest problem facing young people in the US right now. Instead we are flooded by boomer propaganda that at least we have smart phones that they never had. TBD!
>>61625256thisthe first 500k is a bitch. after that at 10% per year you're making 50k. much easier to stack.
>>61625439HGRAF is a scam company. What PR agency do you work for?
>>61625256May 2015: $-160k Aug 2017: $1kJan 2018: $100kFeb 2020: $250kNov 2020: $500kJan 2021: $750kFeb 2021: $1000kSep 2021: $1500kFeb 2024: $2000kDec 2024: $2500kNow: $2200kI'm 37 now. I estimate my net worth would only be around $600k if I didn't invest so heavily and consistently right after finishing school.
>>61625256Does 100k include your retirement? Say I have 50k cash and 50k in a Roth IRA. What good is having a 100k portfolio when I can't access half of it until I'm 60?
>>61625531taxes you fucking shithead
>>61625418>I’m a shit parent so it’s the phones fault.
>>61625256I have 300k and it sucks
>>61625949>poor loser, typical /biz/
>>61625556That's it? Even though I won't be able to access my money until I have dementia?
>>61625375so does every broke illiterate nigger on EBT, the fuck is your point?
>>61625321>I'm 43. My net worth is about 1.1 million, 1.4 if you include my house. Genuine question, why would you not include your house ?If we don't include houses I'm poor as fuck, by I'm 34 and own 2
i have 280K at 33 (eastern europoor) and life is absolutely fucking boringi own my place cash and i have 120K of liquidity (SP500, Eurostoxx, REITs, BTC)my salary is miserable and BTC is dying in front of our eyes, there is no saving at this pointeveryday at night i dream about selling the real estate i have and moving to india to start a new life and may be try to start a business in a booming economy, everyone is old in my cunt
>>61625256Charlie was a huge nepo baby lul
>>61625256>boomerquoteits 1m adjusted
>>61625256This quote is like 20 years old, moron.
>>61625256im not letting off the gas until i have enough money to exhume this niggers corpse and dress it up like a clown to display at the cme
>>61625375My family had car phones and big TVs in the 90s (middle class, white collar family). Not that any of that shit actually matters.
>>61626760Yeah everyone pretends they're middle class. That shit cost fuckloads of money back then both in real and inflation adjusted dollars
>>61626069a house you own and live in is not an investment. your second house is though and SHOULD be counted as (semi liquid) net worth.>>61625375fuck you reddit
>>61625256The first $250k is a bitch, but you gotta do it.>inflation adjusted quote
>>61626895more like 500K
>>61625256>a little bitTake a breather.>>61625321I'm roughly on track at 31 with 2 kids and I feel the same way. God bless.
>>61625481Anon have you considered that the stock market is a bit overheated and now might be a great time to cash out of it, park the majority of your wealth in the safest havens you can think of and crack a beer as tensions mount and things go to shit?were I in your shoes that's what I'd do.
>>61625256>$100.000100 bucks? pff EASY
>>61625404Wait, how is your own land going to make life any better for you?
>>61625375>ummmmm BUT YOU HAVE ALL THE LATEST PRODUCTS
>>61625256he said this in the 90s, accounting for index inflation that's like $2m in today's money
>>61625256If you didn't have 1 million USD in 2025, you're lower class
>>61625321>wife and 4 kids
>>61625256It's extremely retarded, Maybe when Munger was a kid. Or maybe if his goal was incubating future generations of people who weren't quite wealthy enough to threaten his hegemonyYou can't stop until your savings passively produce a livable wage at your current lifestyle forever.
>>61625375Seek MAID
>>61625256I think that statement was true approximately 40 years ago
The ancient boomer creature is referring to 100k cash. You need 100k of real fucking money to invest and build wealth. The 100k figure is significant in that is the sum of money that allows you to quickly build wealth with the sort of gainz you can realistically expect to get out of th3 market. Your """net worth""" isn't money and it will always be fake and gay.
>>61625256That was said on May 3 1999. "CHARLIE MUNGER: Yeah. The hard part of the process for most people is the first $100,000. If you have a standing start at zero, getting together $100,000 is a long struggle for most people."https://buffett.cnbc.com/video/1999/05/03/afternoon-session---1999-berkshire-hathaway-annual-meeting.htmlS&P adjusted close price was $1,354.63 then and is $6,982.42 today.So that would be $515k now.
>>61625256Am i crazy , ive been comparing cash on cash returns for Zillow properties , and its quite rare to get anything more than 8%. Where as even a standard snp 500 etf will generate around 10% with honestly less risk overall. Considering its a matter of time that a AC system breaks or you have a tenant who squats in your property. I feel as if the better strategy now is the stock market.
>>61627978it always has been. the difference comes from leverage: a bank will not give you $500k to buy VOO, they will absolutely give you $500k to buy a goybox.
>>61627995i have around 250k liquid in a taxable brokerage , was looking at going in on a property for rental payments - but literally nothing that has been proposed does better than what my stock returns will be. approaching it mathematically really prevents the over emotional partners who want to slap money at a gem that hardly ever higher than neutral/break even returns. With my dividends in the stock market now im generating around 2.7k in a stable portfolio , nothing real estate compares.
>>61625321Having middle class friends leave me in the middle of fucking nowhere when I knew about bitcoin and amc and nvidia bc they’re too busy bitching about even richer people to care or think so now we’re all still not rich gave me serious apathy for the middle class like I’m so jealous it’s insane you had the chance I didn’t even have electricity ffs you couldn’t get on ur computer and do some research? lol it’s just so wasted it’s like watching people throw away millions
>>61625256IDIOT, this dude is talking about $100,000 in 1960 dollars which is probably a million dollars today
>>61628053I got into BTC in 2012 and went nuts trying to get my family and friends involved. I don't like talking about Bitcoin with them anymore. I still live in my hometown like a retard and hate it here. 34 no kids 8 figs
>>61628020real estate is a full time job and the flywheel really only starts rolling once you have multiple properties that you flip for 1031 exchanges (no such tax benefit for stocks). RE only beats the market if you are willing to use leverage and scale treating it like a business rather than an investment.if you don't want to deal with tenants then you should simply own primary residence (for various legal and privacy protections) and chuck everything else in equities or crypto.
>>61625256You misunderstand the quote, it's about getting from 0 to 100k just by saving(because at that amount, savings will be far greater than investment returns), which takes a lot of self discipline, if you can do that then at 100k your investments will start pulling their share of the weight.
>>61625256he said this in the 1990s, adjusted to inflation the threshold becomes about 200k dollars, you are still not there, buddy
>>61628065No he isn't, he made this quote ~2000. Again you misunderstand what he's saying.
>>61627954yep
>>61628088yeah we were going to buy a couple of 125k to 150k singe family homes, generating an 1.2k-1.4k ea per month - even with a significant down payment (40-50%) its not that good. Im only in my 20s and i dont want to do something idiotic ; however the idea of having an equity stake is alluring - especially if doing minor cosmetic upgrades can increase rent payments pretty significantly.
>>61628100it doesn't matter when he made the quote, when do you think he made his first $100,000? in 2000? His decrepit brain is thinking back to the 50's or something. By 2020 he didn't even know what $100,000 in 2000's dollars was even worth.
>reads through the threadYou can all go fuck yourselves. I’m rich to the hookers in Thailand and that’s all that matters.
>>61628124>We WeRe gOnNa BuY a CouPlE fAmiLy hOmEsJust shut the fuck up you faggot. Who do you think you are?
>>61628279Wtf are you mad about ?
>>61625384>>61628255>bragging about being an STD-ridden slut that can't keep a gfITT actual poorfags
>>61627954>S&P adjusted close price was $1,354.63 then and is $6,982.42 today.>So that would be $515k now.taking reinvested dividends into account it's quite a bit more
>>61626069At best you should only include th purchase price of your house in net worth. It’s a use asset and you can’t live off of it. There’s a large difference between 1 million liquid, and 1 million including home equity. It’s just a better measure of net worth to either exclude or limit your primary residence.
>>61628255>I’m rich because some third world brown will suck me off
>>61628308he's just another poor rentoid mad at the thought of other people being able to afford a home.>>61628255that thing isn't even attractive, decent body but no boobs, shitty face but that's all SE asians.
>>61625256Charlie may have said this in the 90's in some interview but I'm pretty sure he was just repeating a thought he had stated in his letters to shareholders / book from like the 60's when he was selling homes in SoCal building his initial wealth.
>>61625431no it isn, $250k is
>>61625256You don't get to take advantage of the jewish ponzi system's Cantillon Effect like the other Koshers do. There's one key issue.
>>61626181Moving to india sounds like a nightmare. It's not a country I'd willingly travel to, let alone start a business in.I have $700k at 34 and I rent for $1320/mo with utilities. The cheapest house around me starts at 400k, and nothing is really worth moving into until the 500k+ price range.I make $82k/year and every day I dream about quitting my job and just working on my solo indie passion gamedev project.I feel like I've been close to making it for years now but it just has never been enough. My NW number is way above Charlie's 100k or 250k or 515k inflation adjusted number, so maybe it's really what he thought 100k was in the 50s as anon said>>61628183 which is somewhere between 1M-1.3M.idk I'm just tired of waging, but the risk of trying to go my own way is so high.My cost of living is 38k/year, so I'd need to make at least 10k/year from my gamedev project just to not drain my savings, plus whatever I spend to make the games. If I had to go back to work there's no way I'd make as much as I do now, not to mention the process of finding a job has never been harder.Maybe I could really cut my expenses by getting rid of my car and not having to pay maintenance/insurance on it would save me ~3k/year, and selling it would give me another ~10k cushion. Just cooking all my own food and being more price conscious on food sales would probably save me a few thousand a year as well.At the same time half my NW is in crypto, so there's some risk of it crashing 50%+ if I continued to hold it. Ideally I'd sell enough to reach 25x my expenses and keep 1 BTC indefinitely but I need a big pump. I'd feel like a retard to not hold at least 1 BTC forever.I've thought about moving to Thailand, but between getting a visa and headaches of moving across the world and losing my rent controlled apartment, cost of flights back home once a year, it's not too attractive.
>>61625321Wtf are you doing here?
>>61625256During the time when he was making his first $100k, $100k was worth what $1 million is worth today.You don't need to suffer until $100k. You need to suffer until $1M.
>>61625256The current version of this is 300k. I'm 30 and have 600k in XMR, haven't sold 1 since the pump.
>>61625968theres a loophole where if you quit ur job/get laid off u can withdraw from ur 401k for "survival"
The moment I hit 150k I get a multi-family home in my town, start collecting rent, and am basically retired. And I only need like 20% for a downpayment +10k set aside for emergency expenditures.>BRO you need 2.5 million to retire!I live off 6,000 a year sharing a house with family members, no car, don't go outside. I can retire off one single multi-family home, which eventually I'd snowball into two using leverage.Sorry, retired by 30 is all.
>>61629136He really just said>Bro just make a million EZPZ, just walk and use couponsAnd this advice has been shared for decades now like some sagely wisdom.Yeah...
>>61625584You have abhorrent reading comprehension
>>61628334RIP you are right. $1,847.63 vs $15,520.26 so $840k now.https://finance.yahoo.com/quote/%5ESP500TR/
>>61625256are you investing or just keep it in cash?with 100k you can easily make 20k a year by just following trends
>>61625431>>61628556He's right. When Charlie Munger was around 30 and getting serious it was 1950.That's like $1.3m now.
>>61625256No you still gotta hustle every day but 100K gives you opportunities to make it. Imagine if you put 100K into silver eight months ago you made a fuckin years salary for many people on that. 60-80K. Once you start doing shit like that you are ballin imagine your next trade is on Sexrobots.com it does a 300% in three years. You took 170K to 510K and now 25% way to a good retirement in two moves.With 10K you barely have 51K in the same two moves it barely matters. If your next move is another triple you just got maybe after taxes 1.2 million. Seven years you made more than most boomers made in 20.
>>61627028Nah, I'm going for max greed with tons of exposure to crypto and AI/tech. If things go to shit quickly, I can go back to work part time to cover my living expenses while I ride out the recovery.
>>61630030I was a retard and started late, but it’s about that situation, 71k in a 401, 17500 in an acorns account, 17k in gold and silver and 4k in a brokerage im using for picking and longshots. not impossible but I know it’s gonna take me a couple years to crack 100 without factoring in my 401 or house equity, but that’s okay, I’ll get there
>>61625256If this were adjusted for real inflation it would be around 400k+ later this month.
>>61627226oy vey shut it down
>>61630030>just flip 6 heads in a row bro it's easy
>>61625256Hes not wrong. I save 29k per year, when I have 145k in the S&P500 I make 14,5k a year, which is half my contributions. I could ease off the gas to part-time basically (lets override that we have running costs).
35, 960k USDSIX FIGURE HELL IS REAL
100k in 1960 (when he said that) would be like 1 milli today.
>>61625256More like the first trillion dollar is a bitch LMAO.
>>61631763Kek - just buy food with coupons to save up 1 milly bro.Boomers really do be like this.
>>61630512>1.56% chanceI like those odds.
>>61627566kek. kill them all.
>>61625256The value of $100k today is very different than it was when he said that. lmao.7 figs isn't even impressive at this point
>>61625256You have to remember that this guy is prehistoric, 100k was actually a lot of money when he was young now it barely buys a car.
>>61625256I started saving and investing hard in the beginning of 2021 at age 34, now at 39 I have a liquid net worth of $360,000. $110,000 is in a money market fund (VUSXX), so basically cash, and $250,000 is in an index fund (VTSAX). I did not do any stock picking, just straight up purchased VTSAX with every paycheck and let it grow and compound with the overall market. Do not shit on VTSAX, if you stay consistent you will break $300,000 in no time, no need to pick stocks.
>>61635599Forgot to mention, I had a net worth of $0 at age 34.
>>61635618Ok so just magically go from having an extra $0 per year to an extra $50k a year?
>>61635633Well yeah a prerequisite is to actually have a decent job which I assume OP does given that he managed to save up 112k.
>>61625267He looks pretty old in the picture.
>>61635633>>61635654Also, that wasn't just pure paycheck savings on my part, VTSAX grew quite a lot in the last 5 years, there's a lot of unrealized gains in my 250k.
>>61625321Good job anon. I wish I could afford 4 kids. I have 3.5 million (2 million without counting home equity), and can only afford 2 kids. Gotta move somewhere with lower CoL, but by then my wife is going to be too old to give me any more kids.
>>61630030This is gambling, not investment. Only poor retards think like this.
>>61628097This >>61625256According to various sources he said this quote at a Berkshire Hathaway annual general meeting some time in the "late 1990s" with one source I found stating that it was in fact 1999 Therefore if we take the most conservative quite date estimate, as well as listen to the probably-cooked official inflation data, pic related shows that the bare minimum amount at which you can "START to ease off the gas a LITTLE BIT" is $200k and this of course doesn't take into account the fact that he was probably referring to $200k saved, not simply your absolute net worth after investing gains
>>61625256Did your stupid pancakes for brains ass understand that he meant 100k in HIS timeline? Accounting for inflation it IS like 300k. But you didn't think about that while you were cooking up this post because you were so convinced you knew better than him. Well guess what? You're still a retard.
>Roughly 250k€ in profit from crypto at that time>20k available right now>Got a mortgage for my homeHuuuuh, what now, then?
$100k when he said that is prob like half a mil now lmfaoi
this quote is over 20 years old$100K meant something back then
>>61625481>>61625256>>61625321Do you take short-term or mid-term positions where you take profits and move on to the next thing, or just invest and forget? I have a NW of 43k between semi liquid assets, cash, crypto and stocks. Started with 20k of inheritance. I'm not the greatest trader but at least I haven't burned it all.
>>61637061I did that in small bits towards the beginning when I was still learning. I bought and sold (at a loss) tiny amounts of shitty stocks like RAD and ET. But later I made very nice short-term profits on some stocks I bought during the pandemic like ROKU, CTSO, and SPCE.Overall, my investment thesis has been to buy and hold long-term. I recommend setting up weekly or biweekly buys to DCA into any ETF that tracks the the S&P 500 (or skip that altogether and just DCA into BTC). Maybe set aside a little bit of fun money you don't mind losing if you want to test your luck on short term plays.
im 33, have a net worth of about 450k conservatively, dick size is 6.5 inch x 5.5 girth, and im 5'10''.i can honestly tell you even after 300k, is there a point in letting off the gas? by the time you got there inflation would have halved its true value.
>>61625256>that fucking BITCH who wrote “the simple path to wealth”
>>61625276>Haydale Graphenehttps://finance.yahoo.com/quote/HDGHF/key-statistics/Float of 1.77 billion holy dilution
Is this thread full of successful chads or something. Or do popes like me just bother not commenting. 28 with 75k liquid and maybe 85k net worth. How are you guys so rich. I wish I was here for crypto back then fuck me. I’m like 40% cash right now too.
Backstory:>HAD $1500 remaining, >Airdrop: Hey buddy!! you now have $12000>Me: But I wanted to suicide this year :( >Tough fucking luck, bitch! As long as you're breathing it is your jew-imposed duty and responsibility to keep playing the rat race. -_- :( why God. Why must you punish me with hopium this way. Society is crumbling, even if I make it there is nothing LEFT TO LIVE FOR. WHAT AM I FIGHTING FORRR!!! https://www.youtube.com/watch?v=9OVv-J-LXQUhttps://www.youtube.com/watch?v=2U58PzwrjgA&list=RD2U58PzwrjgA&start_radio=1https://www.youtube.com/shorts/Rgyy0FV_bsUhttps://www.youtube.com/watch?v=hwtQSNEOivkAlright. Guess I have $12000 now... how do I make more of it?>Create your own shitcoin project ... with just 12k>Gamble it away in a shitcoin you don't own.>Create a Patreon+Porn video game ... yes even after Paypal and Patreon are banning porn left and right.> ... seriously? ... let's ask /biz/ for ideas instead. Maybe paying for TikTok accounts with huge subscriber numbers and reselling it is a valid way of making money.>... maybe a silent suicide is an option in a jewish world.https://www.youtube.com/watch?v=QOS6kfR9u4s&list=RDQOS6kfR9u4s&start_radio=1https://www.youtube.com/watch?v=_9HYL21d8gQ&list=RD_9HYL21d8gQ&start_radio=1>IQs were made by jews, the higher your IQ the more jewish you are.
OP hereGuys I wanna say thanks a lot. I’ve never had a thread get this many replies. Usually my threads get max 10 replies because crypto ZOOMER FAGGOTS and lilys coin fucking dogfaggots let it die.I’m so happy :)
>>61637843I'd say three things for me:- I lived with my parents for years when I was working. No rent then, and I pretty much set aside 90% of what I was earning it makes a MASSIVE difference.- I basically dropped 20k in bitcoin like 7 years ago.- I live in europe, but I make okay money, which allowed me to get a decent flat and rate on my mortgage.
I fucked myself over badly, my life is nothing like you guys. Tell me is there even any point in the struggle for me? I'm 35 and single with a nw of -60k in student debt living with parents because I can't afford to move out. Absolutely nothing to my name, pissed it all away in bad investments and crypto.
>>61625375This. You need far less money to live an actual 90's lifestyle. A typical 90's house (i.e. ones most people lived in at the time, not houses built in the 90's) were like 900 square feet and built in the 70's, you drove a ten year old station wagon - possibly shared between two adults, ate meals like meatloaf or mac n cheese, had one television, wore the same clothes for years, etc. If people were still capable of living like that they wouldn't require nearly all much money as they think.
>>61638921That's literally my life. Kill yourself.
>>61625256Inflation adjusted this 100k quote is a mil? 2 mil?
>>61638978$200K
>>61625256100k on robinhood is 400k buying powerif you really cant do well managing a 400k book then you're retarded and his quote doesn't apply to you because you can't even outperform the SPX yet.
>>61625321I understand your frustration. I’m 31 but should be in a similar, slightly lower net worth in another 10ish years. Either way, good job anon. You’re doing better than most and have a large family. That’s the dream.
>>61627865This stat is bullshit, it’s based on net worth that includes the home value(literally all boomers)The number of liquid millionaires is closer to 3% at most
>>61638575it's not the end of the world, health and family are far more important than money
>>61625403No you didn’t. If you did and aren’t dumb, you know that’s not sustainable and wouldn’t act like it’s repeatable enough to rely on.
>>61625431Depending on when Munger said this, yes. Munger was a fucking dinosaur. I’d say at least $500k is the new $100k. At that point your returns will exceed new contributions by a good amount.
>>61626069It’s illiquid. If you plan on selling it soon, then sure include it in your net worth but also reduce it with whatever your new house purchase/down payment would be.It’s not generating any cash inflows and isnt likely to be sold at a profit until you are already old/retired/dead, so it doesn’t gain you anything by included it.
>>61626181>have and moving to indiaKill yourself. Either because your a street shitter and moved to Europe when you never should have left your quarantine zone, or because you are dumb enough to think India is a viable place to live.
>>61638930Oldfag here. That was literally my life in the 90's. You are welcome to seeth at your inability to afford the lifestyle to which you would like to be accustomed, but don't expect me to have much sympathy for you. It was your choice. You did this to yourself.
>>61643432Based boomer
>>61625307100k then is 300k now according to CPI, but consider how inflated assets like housing have been (at least up 6x since the early 90’s) you need about 500k-1M until you can actually relax a bit
>>61628255You don’t need to be rich to get hookers anon. That’s not a brag
>>61630030Kek post portfolio. This is speculative and if you get burned once you’re fucked. If it’s that simple then you should have millions. You DO have millions right anon?
I am almost 25 and have a net worth of around 4k, half in silver, some XMR and rest boomer stocksIt's so fucking over for me it's not even funny. When the Leviathan comes for my ass I won't give it up easy tho.
>>61625269 >>61625256>until your first million.yeah, boomers just don't understand that due to boomer inflation,$100K when boomers were not old is the same as $1 mln now.
>>61625256>Munger made this statement in the mid-1990s, and when adjusted for inflation, $100,000 back then translates to roughly $200,000 todayYou're halfway there!https://finance.yahoo.com/news/charlie-munger-said-way-hands-140014519.html
>>61625307>a) if you adjust his $100k figure to inflation it from the time he said i would be about $300k+ in today termsNah, Of course the inflation in US wasn't 2% for the last 25 years. More like 8-9%.
what's up with his face?
>>61625321 >43. My net worth is about 1.4 million >. I essentially have a middle class life circa 1995 and consider myself lucky >that's how bad it is.Yeah , especially if you consider this >I have a wife and 4 kids.Wait until they all are going to go to college...... I hope both you and your wife work ,or we'll eventually push some type of free college here in US, or it'll be brutal.
>>61625256He said that back in the 80sIts a million now ante Also y u be slackin thats my net worth but im 24You get into drugs or something? Its scaring me
>>61625256100k is fucking nothing in todays world.
>>61625481>Aug 2017: $1k>Jan 2018: $100kdoesn't seem realistic y our 1k investment in BTC would become 100k so fast.
>>61625481See, it's easy to take 1k then x100 it to 100k then x2.5 it to 250k then x4 for 1 million. 1k is life changing money.
>>61647196
>>61625431this
>>61625256I’m at 2.2 mill and there are no breaks on this train. That is not a good thing. I could lose it all if I let off the gas for one second. It’s basically my collateral for leverage and I’m still poor in the eyes of every bank.
>>61625256This was said in the 1990s and was probably referring to his time in the 1970s. So 300K-400K is probably accurate.You need to reach the point where investment returns outpace your ability to investment. After that things skyrocket.
>>61639312>he’s using robinhood instead of a real broker for $100k+Kek. Sure you are. Post portfolio.
>>61646673> Wait until they all are going to go to college......>I hope both you and your wife workHaving a wife stay home and raise the children is far more important than paying for their college and not being around them as much. At least until they get into middle school or high school. Also, if they get good grades and go to an in state college it’s really not that bad.
>>61628097More like 300k adjusted for REAL inflation
>>61646662Lets see yours when you reach 100 years old
