Are you still on track to hit your financial goals?
I'm still in credit card debt.
>>62387992i wanted to be a millionaire by 30. im 32 and currently all i have left is 3k LINK and 10k cash. unless something extraordinary happens, im never going to make it.
i'm going to be in cc debt my entire life unless I make it because it's the CC company's problem, not mine.desu if I DIDN'T let /biz/tards convince me memory stocks were a dead end 8 months ago I would have literally already made it.
>>62387992if i modify my goal to be destitute by this time next year, then yes
Factoring in a 2008 style crash sometime in the next 5 years, no.If it just carried on as it is now for the next few decades, yes.
>>62387992I gave up on owning home, I'm going to continue living with my parents. I can "afford" a $400k home but I don't really see the value in it.
>>62387992I wanted to be millionaire before I retired. Just crossed $3.5m and still have a long time to go. Unfortunately most of that is in my 401(k) accounts. Don't be like me - put a fair chunk of your retirement investments into an ordinary brokerage account so you can retire early if you want.
>>62388025Thing is, this place fuds you out of 100% of every investmentA small set of those end up mooning; take that as you willStart trusting what you see with your own eyes, anon.
>>62388054Remaining a man child forever isn't the only alternative. You can buy a $200k home. Or rent an apartment. Lots of ways to be an adult besides living in an overpriced house.
>>62388084>be an adultwhat's the incentive in this? I personally have a 2bed/2bath apartment, but my family is too low IQ to be around and I make good money from an easy wfh tech job in a LCOL area so it's negligible. In any other circumstance I wouldn't bother moving out.
>>62388069why don't you setup a roth conversion ladder and at least get it in 5 years tax free?
>>62388023sell that LINK
>>62387992yes
>>62388140Roth conversions are of questionable legality. They aren't being prosecuted yet, but the loophole they're using is kind of iffy. Roths are about to get a lot of legal scrutiny once Peter Thiel starts cashing out his $22B Roth account.
>>62388125howd you get that job? I've been looking forever and got nothing. Maybe I'm looking at the wrong job titles
>>62388204Not sure what you mean. Roth conversion ladders are explicitly authorized by the tax code. The ability to convert pre-tax IRA money to a Roth IRA has been a deliberate, written feature of the Internal Revenue Code since 1998. The IRS publishes detailed instructions for Form 8606, which you file each year to report a conversion. They literally walk you through the process step by step.Peter Thei's situation was him buying founder shares of private companies in his Roth IRA. Even if Congress cracked on doing this, which is lottery tier for most, it would only affect future contributions or cap balances going forward.>>62388207get a tech degree a decade ago while doing a few internships and certifications, get a job that requires all that, be in the middle of covid, apply to remote jobs, get an interview, prep like crazy for the interview, get the job, negotiate higher pay, sign the papers, done.
>>623880264pBp
>>62388245Hes probably thinking backdoor roth explicitly, not just regular conversions.
>>62388204I think youre full of shit, but if you really have 3.5M in a 401k split it into 3 iras, do roth conversions on 1, 72t sepps on another one, and desu, just say fuck it and eat the penalty on the other one if needed. If you dont, you will pay more in taxes after it doubles and you didnt nove it into a brokerage to get qualified dividens and ltcg rates. Hire a fuckin tax attorney because you absolutely raped yourself on taxes if you dont have 2x as much as that after tax
I have been investing as if I had a wife and kids and a house and a future, but I don't and chances are looking increasingly slim. I should have been balls to the wall speculating. I am so risk averse but I have nothing to actually lose.
>>62388700>I should have been balls to the wall speculatingMost of this board tried this and from what I've seen 90% got fucked. You'll see some survivorship bias, but most didn't make anything from alt coins or high risk tech stocks. Literally would have made more in index funds without thinking about anything.>nothing to loseIt can always get worse. There's a big difference from having a safety net and needing to pick up any shit job to pay your mortgage.
>>62388023Sell that cash
I have been, but fuck the faggots i work with desu. Got some new douchefuck managers. Gonna blow a few whistles with 3rd party compliance a few months after I leave too.
>>62388054Based>>62388084Manchild! A real man should own a house! (Oy vey! I'm not getting any sheckles from this redpilled goyim reeee!)It's always funny to see rabbis here seething while we refuse to buy their 1M 70 years old dilapidated cardboard boxes lol
>>62388754I forgot the greentext and i sound like retarded bipolar faggot lol
please don't sell, link marines
i missed millionaire by 30 by a couple months. I will retire around 40. not super impressive in the grand scheme of things but orders of magnitude better than average.>>62388204no they are not "questionable legality" they are completely legal as long as you pay the tax. i have an employee whose entire job is to deal with clients doing mega backdoor roths, legally. >>62388716the stats on options / meme coins / picking single stocks / crypto over 5 years is over 99% lose money. yeah people get lucky and someone wins the lotto, it just wont be you.
