Thread 23241476

Currently working a fulltime job making $111k a year. I'm able to save half my income. What kind of thing is worth doing to make more money at this level? Side hustles? Crypto? Or do I need to just keep trying at business ideas in something related to my job?

>>23241476 (OP)
Bro... not even close to adjacent to politics

why do you need so much money?

>>23241478
I don't think there's going to be any white collar jobs in 5 years. I got to retire early while there's a chance.

>>23241476 (OP)
crypto, stonks. unless you're particularly business savvy with a novel idea

>>23241476 (OP)
get married pop out kids

Pay taxes in order to fund nigger freebies and gibmedats

>>23241477
>Bro... not even close to adjacent to politics
that's because it's not a politics board. If you're stupid, low IQ brain could read it clearly says politically incorrect

>>23241483
>This board is for the discussion of news, world events, political issues, and other related topics.
Not sure if newfag or just pretending to be retarded

>>23241484
>and other related topics
do i have to explain this in simpler terms for you retarded shitskin? follow up question what shade of brown are you?

>>23241476 (OP)
Sucking cock

>>23241485
I'll take your apology after this thread gets 404'd like all the others, nigger

>>23241476 (OP)
Just buy index funds and forget about it for 30 years. Contribute to a 401k every paycheck so it’s invested pre tax

>>23241488
>30 years
>AI takes over all white collar jobs 5-10 years...

>>23241487
>no u
okay got it so you're both brown and retarded thanks for the clarification. this is your last (you) ill give you Muhammad

>>23241476 (OP)
If an employer is willing to pay you 111k$ a year for something you do chances are you can make 15-20x or even more on your own if you have the guts to build your own company.
Normies have no idea how underpaid wagies truly are.

>>23241476 (OP)
Start a small business to deduct expenses to lower your taxable income. I started a small business and deducted a new laptop, 3d printer, and can deduct half my cell phone, heating bills, electric bills, and anything else related to my home office. Reduced taxable income by like 8k last year, should be more than twice that this year

>>23241489
That’s why you invest in the companies that create the AI

>>23241476 (OP)
Wife left with the bull.

>>23241476 (OP)
>I'm able to save half my income
You dotn have a house and cars yet?

>>23241493
I would but I feel it's too high. Thinking off stacking cash to buy nvidia or bitcoin whenever they crash next time

>>23241491
I really tried but I can't figure it out
>>23241492
what kind of small business?
>>23241495
paid off home but just renting at $900/month somewhere cheap near my immediate family

>>23241476 (OP)
It depends on what type of person you. I assume you squirrelling that money away and never touching it? In that case I'd recommend just buying some Bitcoin with that money, putting it on a hardware wallet (backing up the seedphrase, keep it in a safe).

You don't have to put all your money into it, I'd recommend just setting yourself a goal of a specific amount you want, like say 0.5 or 1.0 Bitcoin and just work towards that, buy some each month, on months where it's a bit down buy a bit more. And make sure to transfer it off the exchange at least once a year. You might allocate a large % of your savings initially to get closer to your goal, I'd recommend doing that in the first few years at least.

This amount of Bitcoin should be for your retirement and/or to pass on to your children. You just keep it in a safe like you would a large stack of cash/gold. You don't brag about your Bitcoin to anyone. In a lot of countries simply buying it isn't considered a taxable event.

As for the remainder of your money if you're not sure what to do with it then you should invest for cashflow. There are a bunch of different ways to do that, you could buy dividend stocks, REITS or even buy a rental property directly. I don't recommend getting into rental stuff until you first get your own housing situation sorted first. An easy thing for a young person to do is buy something like a two bedroom apartment as your residence, then consider renting the other room. Then that will help pay off a mortgage, overpay said mortgage as much as possible and you could have it paid off in ~10 years.

For small business I'd get your cashflowing stuff up and running first. Secure that additional income of at least 500 a month, then that extra cashflow can be used for "riskier" things like a business. You can then use that cash guilt free because your job and other income is still going into other investments while you try the business. Don't sweat it if it doesn't work out, try again.

>>23241498
would you dca now or wait for the markets to crash? I'm thinking of just getting a second job, sending my paychecks to new banks to collect their bonuses, and stacking bitcoin like mad until I can retire, maybe 5-10 years. From there it seems to make the most sense to buy a small home.

copy trade insiders on the stock market to make money

https://x.com/unusual_whales/status/1923725439719117079
You can buy and use unusual whales to copy trade stock market insiders who make millions of dollars off of options trading

Or you could buy access to a discord that'll post trades from unusual whales so you can have someone else do the work of finding insider trades
This guy catches insider trades using unusual whales and posts them in his paid discord, its like $20/month
https://x.com/AnthonySandford/status/1929534258487374296
This dude does as well but he's jewish and charges $90/month
https://x.com/thisisorlando/status/1940859556219048360

>>23241476 (OP)
Invest said net salary into stock and shares.

>>23241488
>Just buy index funds
This is the best advice, especially for young guys, but many scoff at it.

>>23241492
>I started a small business and deducted a new laptop, 3d printer, and can deduct half my cell phone, heating bills, electric bills, and anything else related to my home office.
How does this exactly work? So when you buy all that shit, you can fill out the paperwork on your regular wagie job tax filing and deduct the cost of those items to lower your tax bracket?

>>23241476 (OP)

I make about that much and I'm still floundering

>>23241502
Because they'd rather day trade trash and lose all their money.

>>23241481
but hes white tho....

>>514803086
Physical bullion gold, if you want to actually save it and not get inflation eating into it.

It is the only truly long term safe hedge.

If you do not have the spare mental energy and time to speculate on the markets. Also, remember that you do not have bailout insurance like institutional investors and they are the ones who are pumping risky tech stocks, and probably crypto as well, who know knowing that any loss of theirs will be covered with high likelihood are now free to pursue the riskiest plays as a way to gain profits, as knowing you will be bailed out is de facto a loss insurance on those items.

Again, anons do not have that so you do need the spare mental energy and focus to keep an eye on those markets and know when to sell off before the crash, as anons will not be bailed out.


Again, with inflationary motion on basically all currencies make everything you think to save up for more than a year into literal physical gold, if you are not going to either a, watch investments like a hawk four times a day, or implement them through some institutional investor (blackrock, vanguard, those types) that will get bailed out and pay them their commission.

>>23241519
>>23241476 (OP)
jannies will have to face the wall one day.

>>23241521
you just go through the motions, don't you?
what the fuck is the point of any of this

>>23241476 (OP)
>buy a house
>invest 50 % in S&P 500 (don't need to do anything complex like paying attention) and invest 50 % in gold
>10 years later it might be profitable to invest in another house with the money
repeat

>>23241489
All the normgroids saying this gives me comfort that I can always go back to slaving in a cubicle when I am ready