Thread 60602347

Im a NEET who came into some money recently and I just checked my accounts

I spent $7.5k in the last six weeks

how do I get my spending under control I’m sitting on about $450k cash this shit is gonna evaporate sooner rather than later at this rate

You had better buy a house before all your money's gone faggot

>>60602352
I don’t really need a whole house but yes I have been looking into condos

>>60602347 (OP)
>Sunday: Pack of cigs, food, golf = $97
>Monday: Food, transport = $43
>Tuesday: Food, transport, weed = $120
>Wednesday: Fuel, Food, driving range: $70
>Thursday: Food = $28
>Friday: Food, drinks = $62
>Saturday: Food, fuel, *activity* = $70
>Other: Rent + bills = $400

>Total : $890
>890x52=$46280

>$450,000 x 0.1% = $450,00
>s&p500 10-Year CAGR = 11.48%

A. Welcome to 6 figure hell
B. You need to make a realistic budget and stick to it
C. Don't fumble your opportunity

>>60602347 (OP)
Hire a financial advisor. Tell him to shoot you if you try to get your money back.

>>60602347 (OP)
Get a CD at the bank and put $50k into XRP. Get a job at mcshits so you learn to appreciate money.

>>60602354
Retard do not buy a condo in some goyslop walkable city you fucking retard. You need to buy like 50 acres at least somewhere away from niggers, my suggestion would be Oklahoma. You can live near a city like stillwater that is 87% white and like maybe 6% niggers. The rest are natives who are harmless. Believe me you'll want to be as self sufficient as possible in the coming years. Love

>>60602347 (OP)
What did you spend it on?

>>60602354
The point of a whole house is that you have a higher value asset, but not so your buying Veblen, that it has enough lot to make it so you can take your subwoofer up to 11 and run around naked in your yard without people.

>>60602372
ain’t that the truth

I’m trying to calculate what I spent my money on and yeah I bought a few big ticket items and even lent some money out but other than that I feel like I didn’t spend as much as did, it feels like I’m $2k shy of where I should be


Now I understand why people say even a million isn’t anything these days

>>60602396
I spent 130k cash buying an acre of land, then doing a well and septic and electric pole. I put a modular home on it and I'm still 100k in the hole for the 4bed 3bath 2000 Sq ft house. It's crazy how fast it goes. I cleared the land myself and put the driveway in myself too and it's still crazy how fast it went.

>>60602392
sorry I’m not your typical ruralite innawoods 4chan type, maintaining a house is a huge pain in the ass I’d rather live in a comfy condo in some Midwest suburb, besides negros aren’t really too big of a problem unless you’re in a majority negro area
>>60602393
just going by the big ticket items

A ticket to Europe for the month of August
A new laptop
I gave my brother a thousand dollars for his wedding
I lent one of my childhood friends $500
I blew $2500 staying at fancy hotel for six nights while getting a hooker
I bought an expensive bottle of Japanese whiskey for $300


other than this I also spent a lot of money ordering food in and taking random Ubers everywhere

>>60602347 (OP)
you unironically deserve to be poor

>>60602392
He is a retard, he is incapable. Simple Condo is best for retard

>>60602396
Its best to write it all out autistically, break it down more that was a rough idea. Obviously some weeks you spend more or less, factor that in. But it also forces you to think more about the splurges, if I have a run of weeks where I am well under budget it's easier to justify throwing money at a shitcoin or buying something frivolous. Even that rough budget simply smoking less weed and spending less on food puts you well below the s&p avg return, so you could in theory live off that forver.
I would work out your numbers, keep a few years living expenses and invest the rest. Pretty much where I am now. Only I would suggest you be very conservative with your investing at least then first 5 or so years just to really understand markets and not get fucked. We all lost money on our way up, if I started with $400k I would have lost a lot more and doubt I would have handled it.

>>60602412
You have to separate incidental spending from consistent monthly expenses to get an idea of how much you normally spend each month. Use that to figure out how much money you need for a specific amount of time. Then you can go a step further and figure out your budget after accounting for the occasional fun stuff.
$450k is honestly jack shit. If that was all I had, I'd put it all in an S&P 500 ETF (or actually 70% in BTC) and keep working for at least the next 10 years.

>>60602412
You don't have the money to do these things, you're going to need to change your entire approach to this money you have. It is your ticket to freedom and you are throwing it away on junk.

>>60602347 (OP)
Put half in btc and forget about it for 10 years. Put 200k in index funds and spend the remaining money slowly on friends and family or a gaming pc

just put that into s&p and enjoy 10% year grow.

>>60602426
the only thing I really regret is the $2500 + hooker I spent, I should have just gone to a shitty Indian run motel 6 for a night instead of staying at some nice hotel, incidentally it’s close to 30% of my total spending, good time it’s a one time thing (I don’t have a habit of seeing hookers regularly)

>>60602427
>friends and family
>"omg where my money go!?"
I lost 24k in a year being generous
He should buy a house and rent it out for 1,250 dollars and live spending no more than 14,000 a year. He'd be nigga rich and also put his savings in crypto so he hide monies from the government. Then move to a state that gives health care to poor people for free.

>>60602444
checked and kekked at least you're honest.
imo it sounds like spending of someone who thinks they have more than they do. just warning that reality comes quickly.
There is good advice on /biz/ just be selective with who you listen to. Crypto>stocks imo. But especially now as euphoria is getting high, just know anything you put in crypto can -80% in a week.
gl anon i think ygmi.

>buy a lot of land in rural area

I would do this but i'm in Australia and the property would get burned down on average 10 times in 50 years.

Going rural is just not worth the insurance costs + the amount of bullshit you have to put up with with fire weather conditions destroying your shit every 5-10 years

>>60602412
you sound destined for poverty

>>60602412
So you splurged a little bit. No big deal. At least you’re cognizant of the fact most people only wake up when it’s way too late.

>>60602372
>>60602412
>>60602347 (OP)
Get a load of these normalfags. MUH HECKING VACATIONS. MUH HECKING GOLF. I NEED TO BE AROUND OTHER NIGGERFAGGOTS. WTF??? WHY AM I SPENDING SO MUCH MONEY????

>>60602392
Oklahoma has a higher violent crime rate than even California despite having fewer black people.

>>60602412
You're being peak retard and making the stupid poor people assumption that since you have the money you can spend it. Which you can't because you're a poorfag and you have no means of generating this again.

>Lending money to friends

Peak poorfag behavior. Do you actually expect to be repaid? If so, shit assumption. If not, it's just free money and he's going to come for more.

>Hotel and hooker

Like seriously this is how you could live if you made $450k a YEAR. Else you don't have this.

Instead, drop this shit into a brokerage account, invest it in VTI or other low fee index fund. You can withdraw maybe $20k-$30k a year from this for the rest of your life, maybe more later as it grows, but that'll make however you were living before way better forever.

Or be a poor faggot and blow it on shit using a monkey brain that says you should spend it since you have it

>>60602347 (OP)
just buy bitcoin you nigger or if you're feeling adventurous buy spx6900

>>60602372
>*activity*
kill yourself

>>60602412
I can understand dropping 8 stacks to celebrate a 6 figure win for the cycle, somewhat justifiable, but other than that, retarded

>>60603180
>>60603259
>here is an example of a budget
Why are you retards so retarded?

>>60602412
You live like you got 4.5M not a measly 450k lol

why do the dumbest people get lucky? $450k gets you a house and a whole coin. you decide to spend it on a trip to europe and some hookers instead. why? seriously take an hour and just stare at the wall and think.

>>60603205
>VTI
kek, what a shit choice. Be better off with JEPQ or something to print a little money each year. JEPQ would yield you like $4500 per month with $450k invested with no need to sell the principal. Reinvest what you don't need to spend.

>>60602347 (OP)
Invest the money or buy a house. If you keep it in cash, you're just gonna spend it all.

>>60602347 (OP)
Invest it in the markets. Build a dividend or growth portfolio. 450k @ 10% average is 3,750/month before taxes.

>>60603180
>hating on Golf
What is your race?

>>60603271
with other items detailed, it's clearly a code phrase for alcohol to seduce roasties or hiring an "escort".

>>60603184
>Oklahoma has a higher violent crime rate than even California
While California and Oklahoma both experience high crime rates, Oklahoma does not have a higher violent crime rate than California overall. California's violent crime rate, which includes offenses like rape, aggravated assault, and robbery, is higher than Oklahoma's, according to Al Jazeera. Oklahoma has a higher homicide rate than California, but this is just one component of the overall violent crime picture.

>>60602412
You put down negros but you live like a negro with that sort of spending? Might as well gamble your money away at this point, retard. Maybe you'll get a million from your dumb luck

>>60602444
>2.5K

Did you at least punch her a few times? For that kind of cash, I'd demand something extra + niche.

If you didn't you're a retard

>>60602347 (OP)
Get a job and then plan on getting a house.

>>60602347 (OP)
idk stop buying dumb shit? you'd think being poor would make you realize most things are worthless

>>60602392
>6% is considered good now
That's fucking bleak

>>60602347 (OP)
Invest that liquidity into assets as soon as possible. You will be less likely to spend the money if it is tied up. Save yourself a portion for day to day incidentals and get your appetites under control. Make a plan to turn that 450k into a million.

>>60602347 (OP)
>make $300k in btc and shorting quantum
>whatnow.jpg
>just sat on it in the bank for a while
>learned about ultra discount futures trading
>$1,000 initial margins on nasdaq minis intraday
>ok
>put $10,000 in that account and keep the rest in the bank
>day trade it in 1 or 2 mini size, make a cool $500 a session (super ez even in low vol)
>making $10k/mo of income and I pay like $3k of it to taxes, fees, etc.
>this is what I buy tendies with and pay bills
>the resta
>slowly allocating it to stocks, but they're too expensive now to blow my whole load
>will become my 401k
>don't see a reason to change what I'm doing (scaling etc)
>I work about 20 hours a week
>no other job

>>60602347 (OP)
Only buy things that last and that you will use.