I’m a loser.. I’m 30 years old and stuck suffering in Australia with only $40,000 in the bank. Which took 6 YEARS TO SAVE UP FOR!

I’m too stupid to know what I should do with my money. Should I invest in crypto/stocks? Or buy a rental property?

I don’t think there’s much hope for me. I have zero qualifications except a forklift license so I’m basically fucked.

How does a broke person find the drive to keep going in life?

>>60642504 (OP)
Truth is, its over buddy. Spared you the gaslighting

>>60642504 (OP)
Sounds like you need the balls to gamble it all for make-it money. I'd recommend starting with some options. Look into buying calls on big companies that dip a little. Although, some would argue sports betting is better. Personally, I've sailed that boat and it's all rigged.

Lump sum your savings into BTC at the bottom of the next bear market then buy as much BTC as you can every pay day after that.

>>60642504 (OP)
Good morning sir, please consider buying XRP

If you put $40.000 into XRP right now, you might as well be a multi millionaire in the next 5 to 10 years

>>60642504 (OP)
>Australia

You live in a first world country!

Stop crying! Learn stuff, grind grind grind. Education, finance, programming, enterprise, a new life, a new outlook! Millions of $$, supercars, beachside condos, penthouses, sexy bitches all waiting for you.

They are ready, they are all waiting for you! Just do you part and join them!

>>60642504 (OP)
>Should I invest
Thanks for the top signal. Just sold 100K!

>>60642504 (OP)
You earn $14k more than I do on the dole.. You're basically working full time to earn $6.73 an hour.

>>60642542
What? You want him to gamble away his $40k? It took him 6 years. Gambling is for degenerates. Only a small percentage of them are winning, and even after that they all lose eventually, because they don't know how to stop. There was a guy here recently who reached $2 million with crypto options and went back to the zero because of Trump tariffs hitting the markets back in february

wtf rental property would you buy with 40k in the bank?

You need at least 250k deposit to buy any property no matter whether u want it for a rental or to live in it

>>60642597
Sounds like dummy got greedy and lazy. Gotta keep up with the news.

>>60642504 (OP)
You're paralysed because you're scared of losing the 40k that it took a long time to save for.

Easy solution.
20k into the ASX200 betashares ETF. You wont ever see it drop to zero and should see somewhat consistent 8-12%pa growth.
10k into crypto - your choice as to how you split it. DCA in more and more and just keep hitting it despite any losses - you'll eventually get there.

Keep 10k-15k in the bank for living expenses. For any over the top expenses you can just sell portions of your ETF.

>>60642504 (OP)
Move to America and start a new life in NYC or LA

>>60642504 (OP)
Just find a 100x and go all in, and end up with $4,000,000 bro.

>>60642548
I brought XRP average price 1.8 with my entire fucking savings account when I was a student and got goy'ed out by the Jews when it was like 0.9. I fucking wish I held

>>60642644
I have honestly thought about doing this. Exactly this…

I feel like buying an apartment to rent out will earn me fuck all… I’ll probably get some shitskin renting it and they will just destroy the place.

>>60642707
what apartment are u gona buy with 40k down?

apartments are like 800-900k starting

>>60642729
I’m in rural Victoria so apartments are approx 250,000-350,000

>>60642739
Like this?

>>60642756
Yeah like that

>>60642775
I guess you could do that but honestly it's going to be a lot more stress than it's worth. Rural property doesn't get the same kind of capital gains that property in the suburbs/inner city gets

>>60642663
However bad his life is, that would be much worse

>>60642801
really? Are you an American? I'm also from Australia like OP and I think the USA is better.

>>60642795
I’ve looked at the history of these rural houses. They hardly increase in value. Even post Covid they barely moved. You’re probably right. Rich investors would be snapping these up if they were actually worth it.

>>60642739
I assumed you were a 1pbtid..
Bad timing now but dca into crypto and stocks. Crypto mostly. You need to dca understand the market and give your brain time to understand money better. This will remove the paralysis. Dumped 20k is scary and could go bad, putting in $50 weekly is not. Do that now and at least you are getting started. You really should have 5 years ago and you'd be able to buy your red brick crackville home with cash.

The official wagie anthem https://suno.com/song/571b3572-1c63-4fa7-9fde-2c550cde2504

>>60642819
Its mostly because people who move out to rent in rural areas are age pensions, disabled, etc, on state pensions, and bogan's, bushpigs, etc. Your rental income will always be low. If you were to do it the safest bet would be old people.

>>60642504 (OP)
Same but 5 years older.

>>60642523
he better just donate the 40k to charity

I've lost my job. My home, my credit. I'm a straight man, I get denied benefits. I am considered ABWD. Able bodied willing to work. Thing is, if I work I'll make too much to even qualify.
I got turned down from little ceasers pizza. I used to work in quality engineering. .
It's been 17 months. Wife left with the children to stay with her mother. At least with her working they all can get Medicaid.
I've been selling Walmart brand water at the park to get by.
I have 10k.
5 in cash
The rest in assorted coins from saving since my kids birth. (They are in early high-school)
I am desperate l, but strong willed and haven't resorted to gambling or drinking my savings away.

I am contemplating investing in crypto. I'm looking at PEPE or SHIB since they are the cheapest.
How bad is it for me?
(I'm hoping FedEx contacts me with a.3rd shift position package handler)

>>60642504 (OP)
I'm in a similar position, 28 , $130k getting 4.5% in the bank cant decide if I should buy an apartment in Western Sydney or invest. Only have an Excavator ticket and a truck licence and would really like to find a better career.
>>60642663
>>60642801
I would move to US in a heartbeat, Im a gun otaku and want a firing range like Hickok45.

>>60642504 (OP)
Buy a property. I got mine in West Australia for like 50k deposit. Rent it out. Renovate it if you have anything to spare. Big bux incoming brother.