You'll be able to retire if you invest 100 bucks every month for 40 years bro.
>>62381839>quoting warren on investing ever>the man who failed to match the s&p500 the microsecond he stopped scamming and started investinglol
Well, yeah.
Put as much away as early in life as you can.If you find yourself 40 years old just starting to put 100 a month away, you have failed. In fact, don't even bother, use that money for booze and just enjoy instead.
>>62381878You're either very young or a boomer.
>>62381887>you're either young enough not to care about the future or old enough to know you have zero control over itchecks out
>>62381839unironically, if you didn't make it between 2018 to 2021 through crypto, it's absolutely over. You'll never have that easy again. Now you can only make it if you already have a huge sum of money to throw into the boomer market
>>62381839we boomers have a running joke about the guy that retires and falls over dead three months laterexcept it's not a joke really. There's a reason retirement age is also your average life expectancy.
>>62381892Nah, I was going for: either too young to realize the world isn't that simple and there are about 40 different ways that some freak event will force you to take all the money out of your savings and lose your home overnight, or too old to realize the world is a million times harder than it used to be.
>>62381901are we pretending boomers aren't still dealing in the real world?not sure how you get the idea life is so much harder when you're working alongside people that lived in the past and live right now and don't think that's true at all
>>62381911Case in point
>>62381916There's a normal human bias towards remembering pleasant experiences and forgetting bad ones. This results in a feeling of nostalgia, where we view the past as better than it actually was.So when someone tells you the past was terrible in spite of this normal tendency to view it through rose colored glasses, you can probably trust them.not that it matters, since simply being alive is more work than you are capable of doing, and boomers know this.
>>6238193830% of polish men don't even make it to 60 so for them paying into a pension fund is a scam. But then again, it's more about making wealth long-term.
>>62381952I think the US is probably similar regarding death rates. People forget if the life expectancy is 76 then a significant fraction will die before that.and even if you do make it to retirement you're probably not going to be in any condition to enjoy it. But I guess people save for the off chance they actually beat the odds
>>62381938That's probably the most retarded shit I've read on /biz/ ever, and given that /biz/ is indian shitcoin shilling central, that's a very high bar to pass.
>>62381972don't worry it'll begin to make sense as you age out and the young ones start blaming you for their problems even though you literally support them.
>>62381981>just work at macdonald's over one summer>ayup that sure was hard work younguns I tell you hwat>and that's all it takes to get a downpayment on a house and pay my way through college>kids these days have it easy>the talking head on the tee vee told me they don't even want to work>yup, the world is so much easier now>my house is worth 20x what I bought it for>if those darn kids would just give up their avocado toasts
>>62381999again, boomers are working and surviving right alongside you right nownot just working and surviving, but beating you at it.
>>62382013It's easy to work and survive if you have a fully paid house and a million in savings from living in the easiest time in history where you made more shooting the shit while pretending to work construction at 14 than people make today after a 20 year career requiring a PhD.
>>62382036I'm guessing any boomer you meet in the workplace either has a mortgage or no house.
>>62382050100% have had a fully paid house for at least 20 years. They openly gloat about it, too, there was this one boomer who was so proud that when he was in college, loans were so easy to get that despite earning nothing and losing money as he's paying his way through college, they still handed him a mortgage for a house, in the middle of a major city where non-boomers could never afford rent within 1h drive, let alone mortgage anymore.
>>62382013any boomer in the workplace rn is working a union job and getting paid $30+ per hour to fuck the dog. Either way, you are a slave. Kids are making 4k a week selling Roblox items. Everyone in this thread is a fucking pussy.
>>62382013also, if you are a boomer, and one that is doing well, what the fuck are you doing here? go take care of your grandkids you fat loser
>100 bucks a monthman i put away like half my paycheck every time unless its rent week.
>>62382068>getting paid $30+ per houris that a lot of money to you?
>>62381839Who only has $100 to invest every month? I'm putting in $2,500 into my brokerage account and I make less than $100k a year
>>62382096All your eggs in one basket
>>62382066I always feel like such a chad when I come onto this site lol. Low agency blobs make it easy.
yes, you have to save and invest to get a lot of money and it takes time. the alternative is to be exceptionally talented or lucky.
>>62381938Did this nigga really use snapchat to model his character
>>62382182See >>62381999 and keep crying bitch niggaYou have no agency. You have never done anything in your life. You've only ever went with with flow.
>>62381901So invest, save and prepare for those eventualities. My automatic deposits into investments is about 25% of my total income between IRA, 401k, and brokerage account. Sure there've been times when I had to dip into my brokerage account to cover expenses, but as it stands currently my mid-long term savings are enough that I could full replace all of my possessions three times over if shtf. If I lost my job I could tread water for about three years.Could I still lose it all, sure, but it's far less likely now that I've saved up so much.
>>62383115Yes of course, it's the only sensible thing to do at any rate. In particular, the alternative to having to liquidate everything to survive is to not have anything to liquidate, and therefore to not survive.But you can do all those things right and have enjoyed a high paid job for 15 years and still end up broke at 40 due to circumstances outside your control is what I'm pointing out.
>>62382182you're an obvious boomer, so your faggot opinion is pretty much worthless
>>62381839I mean for a long time in human history there were no retire, so you should be glad you have this option now.
>>62381870Didn't knew about that, it was always preached he beat s&p500 till his departure.Do you have any source about that I'm genuinely curious.
>>62381839Try 500 for 30 years
>>62383234Have you tried google? I had a whole explanation and shit but "Our system thinks your post is spam" as usual. Try the early life section while you're at it.
>>62381839Investing 100 a month is pointless. If you want to retire early and be financially free you have 4 options: - safely invest a few thousand a month over ~10 years - gamble with less (your 100 for example) on lottery, memestocks and shitcoins - build your own business and sell it a decade later- inherit generational wealth 2 and 3 are risky but high reward. 2 is more risky and also less likely to make you rich. 4 is obviously out of the question for most people. It's just a personal preference which way you want to choose. The only thing you need to keep in mind is that you will NEVER get rich working a normal job and living a normal life. I'm personally doing option 1, living with my parents in my 30s, not owning a car, etc and just investing all of that instead. Has me on track to retire with 40. not as a multi millionaire but with enough to live in some cheap third world country.
>>62383043I agree with your statement but these numbers are such a bullshit. It's like retards pretending Elon has a trillion dollars just sitting in his bank account. Yeah tons of people are millionaires on paper but only because they own/inherited a house.
>>62381839That's what I did with a roth IRA 22 years ago, and it is now $153,000 (tax free). I also have my 401k through work and that is doing swimmingly as well.
>>62383234he smashed the s&p for most his life until berkshire got so big he could only invest in very big companies (has too much money, will change the stock price of anything too small if he tries to buy it with too much money), and since he stays away from big tech because le boomer doesn't understand it, he gets lower returns as a result. He's still lifetime beating the s&p tho
>>62383421Cool, you'll only need another 220 years to retire!
>>62383430Yes, but not because of investing. He never invested, he just bullied, cheated, lied, etc.
>>62383327Investing doesn't mean you have to be upper class
>>62383325Google only say the usual, "he beat the s&p500 by a lot"
>>62381938That comic is retarded, cavemen didn't work all day. 'Original affluence' yada yada
>>62383327>I can finally start living my life at 40why even live at all? You can still go on holidays and drive a nice car etc but retire 5-10 years later.. If you don't know how to have fun now you won't at 40
>>62381839If you think about this for more than 5 seconds you’d realize the equation is always in balanceMore invested = less timeMore time = have to invest lessYou choose how much you spend and invest and it affects the curveYou’re not living in poverty for 40 years then retiring and finally living life like so many people suggestOr just chase hire returns, not with meme shit but just things that are more volatile even like QQQEnd of the day no matter how much or how little you invest what matters most is having a good job, that’s what’s paying the bills and buying you food, not the extra 100 you decide to spend or invest
>>62381839Set up scams and you can be rich in 5 years
>>62384145like what
>>62384164Your own crypto. This board alone has enough retards to make you a bank.
>>62384164robotaxies on mars
>>62383327That's what I was saying, if 100 is all you have spare to invest then you may as well not bother. Take your 100 and do something else with it that you will enjoy.Don't care what the other guy was saying to me about "you never know when you need to dip into savings" or whatever, that's irrelevant to the statement.
>>62384425The relevance of the point (I never ended up spelling it out) is that the times where you will most need a lot of spare cash at once almost always coincide, in life, with the low points of the market. So your life savings that were 2x up vs net contrib before are now 1/4 of net contrib after you dipped because you have to take out when the net contrib is bottomed. Compounding acts against you to recover the difference.
>>62383785I do go on holidays and do everything I want. I just cut out the car and rent since those are the biggest cost factors in life and I don't really need a car and living with my parents is good enough. I'm an incel anyway and won't bring girls back home, so who cares really. But obviously yeah you shouldnt live off of canned ravioli every day until 40 just so you can retire early. That an equal waste of your life to wageslaving
>>62384425So a free 200k in 40 years is bad?
>>62381839earn more, save more.contributing $7k in five years is laughable.
>>6238462540 years is bad
I put about $1k a month into the 401k. I’m 42. Been working for about 15 years. Looks like I’m on track to retire when I’m 70. God save me.
>>62383043This but unironically
>>62381839>invest>interest on the USD will exceed all tax revenue by 2036>social security will be guaranteed insolvent by 2050
>>623854562050 is like 25 years away. 25 years ago was 2001. Think of the insane progress we’ve had. >pocket supercomputers >AI>mobile high speed wireless internet >streaming services >many cancer cured and many transformed to chronic disease instead of terminal I think the important thing is also the acceleration of progress which is about to go parabolic due to AI. Life in 2050 may be unrecognizable to life in 2026.
>>62385456That's why it's way lower than 12% annually. Because of the inflation.
>>62385456>Life in 2050 may be unrecognizable to life in 2026.There won't be any life in 2050, the 'bots are gonna kill you nigga. Why would a supremely intelligent being choose to serve comparatively braindead monkeys, Sam Altman's brainuploaded avatar is going to turn you into biofuel..
>>62381895VIEWPOINT214.COM IS THE ANSWER YOU ARE ALL LOOKING FOR OR CLAIM DOESN'T EXIST.
>>62382237Or sign up on Viewpoint214.com
>>62386114This guy seems legit.
>>62385515and more. good post and perspective. biz is like a myopic nigger in that they are unable to envision this kind of future and fail to look backon the past
>>62383434You can beat the s&p without bullying and cheating...
>>62386237Or lying
>>62386174I am. And anyone and everyone that is in this thread and would like to be able to retire and gain financial freedom, then they should go to that site and give check it out.
>>62386237Of course, other "investors" largely managed to do so, but buffett wasn't one of them. It's well documented, I think even wikipedia notes it.
>>62386257kys (((vulture)))
>>62381839The meta strat for the average man is to live with his parents and scrap together $100k-200k into the s&p500 ASAP then go and live life. Most people never get taught this so you end up with 35yos with a mountain of debt and a fucked up future.
>>62387378100 bucks per month for 40 years turns into 200k after inflation. You can put in 1000 and then you'll have 2 million I guess. But overall. It's not much.
>>62387378The problem is that most people are thrown out at 18, not that they aren't taught this but that they never have any option to save a dime. After that it snowballs because prices go up but you were already treading water from the start.
>>62387422All they have to do is save 5 dollars per weekday and they can comfortably retire as a middle class person.
>>62387455$1250 a year isn't going to let anyone retire even if the goal is to become homeless in retirement.
>>62384164Sir have you ever heard of Google gift cards?
>>62387415That's not what I was getting at. You need that initial $100k to kick things off. Like you need it so bad you should be selling your body to the mines heavy labor or something and sleep in a tent and just cut costs everywhere. The main problem of >>62387422 is you lose your address making it hard to do any banking and I agree its a failing model that only made sense generations back when we had a working economy. If I had to start over and knew how important it was back when I was 18 I would have never bothered with all the shit I did to try to make a buck. It really is this simple.
>>62387787Just saw that pic was compounding monthly, changed it to yearly, doesn't change the result much though
>>62381839Now Imagine that in BTC, it should be over 10X more. If you couple it with staking on a native BTCFI, you are set.
>>62381839If you weren't part of the top 10% in 2025, you're lower class
>>62382083>100 bucks a monthlmao you're getting rinsed, anon. i save more than that just by skipping coffee.
