>Six figure hell

Am I the only one who doesn't think six figures is hell?
The six figures thing is easy
Literally just put it into BTC during a liquidity trough and you'll make it

Going from 0-100k was WAY harder to me

>>60758285 (OP)
>mfw stuck in 3 figure hades

>Going from 0-100k was WAY harder to me

true for everyone who didn't have it handed to them. it gets easier and easier because your money does more and more of the work for you.

if you save a constant 100 a month the halfway point to having a million at 7% is is 115k in 30 years. if you do 1000 then its 250k in 19. if you lock in for once in your life and do 10k a month its 430k at 3 years.

Even putting in 10k a month you still earn more in total from interest. You either use compounding to your advantage or you pay it, you have to decide.

>>60758298
Ive attached empirical proof 6 figures is hell

>>60758354
A household is an average of 2.51 people.
Of course, when you add up 2.51 people below 6 figs, you will get to 6 figs.

Look at the share of individual adults below that.

>82.5% of adults are beneath 100k.

Think about that for a moment.
Eighty two point five percent.

>>60758367
so 6 figures for a single person is a lot of money?

>>60758380
Yes.
It's an absolute SHIT ton of money.
Refer to this chart

The median net worth of an American in their 30s is $35,649.

That's it.
Really.

>>60758298
>liquidity trough
wtf does that mean?
and it's easy to say in hindsight to all in on btc, but we don't know what the future holds. applying that in the future has no guarantee of success.
lets say you have 3 BTC today, well into 6figs, are you selling all your BTC now and holding it all in cash waiting for a "liquidity trough"? waiting for a dump? when do you buy back in if it does dump? what if we still have the last leg of this cycle and a 2x ahead of us? what if we never dump again? what if you buy back in and it keeps dumping another 50% for years.
this is why it's 6fig hell, every decision could let you reach 7figs but at the same time every decision could cause you to lose a significant amount of your stack.
>Going from 0-100k was WAY harder to me
it's not a fun time but it's easier, just develop some useful skills and get a job and work a few years living below your means.

>>60758298
>Am I the only one who doesn't think six figures is hell?
yes

>>60758393
but what about the average

>>60758403
he means get lucky

>>60758412
Literally 1 billionare dude in his 30s skews fucking everything
This is how they gaslight you

>They tell you "household wealth" without telling you that a household is 2.51 people
>They tell you "average" fully knowing that median actually is the middle of the data set

It's hilarious how conned people are and they will never realize it
They don't even know what the FED is

>>60758412
Are you an actual brainlet lol. When it comes measures of wealth, mean is almost useless.

>>60758380
not in the western world it aint.
>>60758393
>The median net worth of an American in their 30s is $35,649.
and the median in their 50s is almost 300k.
most people (median) stays is 6fig hell, ALWAYS, it starts in your 40s and then you die.

>>60758403
I don't know about all that but you have a trading mindset. You think you need to buy every red candle and sell every green one. Nobody is doing that. There are people trying and they all fail.
You buy and hold. What? Are you too good to make it in 10 years? You want to sell your bitcoin now when you know it WILL go to a million? You gonna buy more at 250k? What about 300k?
It's going to a million. Comparison is destroying your brain.

>>60758429
I don't want average or median.
Show me the mode.

>>60758441
Yeah no shit the median in 50s is almost 300k.
Most people don't even have half a million before they drop dead.

Because they're conned and don't realize they've been conned.

>>60758354
Most of that is because houses are typically worth 6 figs and that’s how much home equity and maybe 401k they have. They can’t touch any of it and on top of it they are 100k in debt (at least).

Getting 6 figures in liquid assets that you have total access to is incredibly difficult and I would bet less than 2% of the population of America has that.

>>60758450
>I don't know about all that but you have a trading mindset.
Nah, my mindset has always been buy and hold until I have enough to retire, then sell it all except 1 BTC and put it into safe investments, and then letting any excess gains from retirement go to accumulating more in the future.
>You buy and hold.
That's been my strategy and it's still 6figs hell, watching portfolio go up to enough to buy a house, then crash down to only affording a car, bouncing between that year after year, never hitting enough to retire, hoping that maybe this time the price will go high enough to exit into 7figs.
>You want to sell your bitcoin now when you know it WILL go to a million?
I don't know that it will. I strongly believe it will, which is why half my net worth is in it, but I don't know with certainty that it will. It's still a high risk asset and there can always be something that nobody sees coming that can send it crashing. Hell it doesn't even need any specific something to cause it to crash 80%, it can just happen from people selling like they do every cycle. I don't want to ride 6figs down 80% again, I've been here since 2017, I've been through this twice already, I just want enough to stop waging.

>>60758285 (OP)
I just entered six-figure hell earlier this summer and am currently sitting at around 115k liquid. I don't get what the big deal is about it. I know that if I just keep investing I should be a millionaire by 50. I think it'll be fun watching the number go up. I turn 30 in a few weeks though.

>>60758571
It’s hell because you have enough to legitimately make it now if you make the right moves, but the wrong moves could send you back to 5 figure poorviile or worse.

>>60758285 (OP)
I feel comfortable, of course, every time I get close to 7 with things like shido, I almost have a heart attack, but if I never get there, I'd even be fine for a while. I realized that losing money is normal for me

>>60758716
>you have enough to legitimately make it now if you make the right moves, but the wrong moves could send you back to 5 figure poorviile or worse.


You don't have to "make moves" that's dumb hustle culture talk. Just throw money into index funds. Admittedly I still do a little stock picking, but that's just for fun. The first 100k for me required making lifestyle changes and cutbacks early on because I was started saving when my income was much lower. Now I have a relatively comfortable life and decent income, but the hard work ,discipline, and habits have already been established. Now I just have to stay the course and I'll be a millionaire.

Also I hate women.

wait until you go from 6 figure hell to low 5 figure hell. it happens. anyway check out my site entry.fun trying to get back to 6 figure hell through degens using my links.

>>60758298
you didnt even escape 6 figure hell though

>0-100k
have a job (easy)
>100k-1M
almost no one does this (hard)

>>60758285 (OP)
getting from 1 to 2 million is the new hell desu.

>>60759487
The market is at all time highs and all it takes is Trump feeling like shitposting about new tariffs to send it all tumbling down to levels it was at 15 years ago. Are you willing to wait decades to escape six figure hell?

>>60758354
>>60760724
>even after 6 figure hell you're stuck in 7 figure purgatory until you can finally reach 8 figure heaven or 9 figure valhalla
grim
>>60760587
as someone who discovered biz in 2014 it's fascinating seeing it go from NEETs who are in six figure hell solely because they only had money from bitcoin and have never held a job, so dropping to 5 figures would actually fuck them, to regular joe shmoes with jobs

>>60760726
>Are you willing to wait decades to escape six figure hell?

Yeah?

>>60758285 (OP)
Can I really consider it hell? I mean, the bills don't hurt that much anymore, and I do nothing but work without killing myself and look at the useless chart when I remember it exists, life is kinda good

>>60758285 (OP)
>six figure HEAVEN
Turning 50k into 200k is fine with me, you guys are so greedy.

>>60762238
and you are a poorfag and a retard.

>>60764760
I already have everything I need and my parents are wealthy anyways. Have fun at work Monday morning.

just be glad you're not in seven figure hell

>>60758285 (OP)
Forever
Its actually hell. I laughed at it at first. My wealth increased so fast I slingshotted to 7 figs for 2 weeks. After that ive been stuck in mid 6fig hell for years upon years. Please god I hope I can break into seven figure heaven soon and stay there

>>60758298
You're just a jeet larping wishing he had 6 figures without even thinking about the reality of it.
>just sell now bro
>just wait for bitcoin crash
>just go all in at the bottom bro
>it so easy to 10x 100k
Meanwhile any job will let you escape 5 figure heaven, all your losses are written off within a few weeks of working.

>>60758285 (OP)
it's like starting over from 10k and trying to hit 100k except the stakes are much higher. the amount of times i reached 6 figures only to fall back to 5 figures, wew. why can't i pull off a doubling or even tripling from the 6 figure point? it's like the entire mentality changes once you reach 6 figures.

>>60758429
this. they try really hard on not giving the most important stat for this value
>median individual wealth
same for income. can't dodge it like you can with "average" which so many people seem to equate as the same as median.

>make $80k annually
>put 60 percent of my income into Vanguard ETFs and Bitcoin

I don't see how this is hard. You just have to be patient. If you're miserable right now then you won't be any happier with seven figures.

>>60758328
stop smoking your money away

>>60765999
at least you got trips anon.

>low 7 figure purgatory

>>60767082
yeah thats even worse
>its over

>>60758347
Charlie munger mentioned something similar from what I recall

>>60758354
>have about 1.3 million networth
>live in a small town in semi-rural Virginia
>this allows me the lifestyle of a Boomer in 1990
It really is rigged

>mid 6 figure crypto holdings
>round trip back to 5 figures
>now just a couple thousand short of 100k
it couldve been so fucking easy if i wasnt a drooling retard
the demoralization of six figure hell has already started and im not even in it yet

>>60767790
hope you learned your lesson and rotate to bitcoin next time.