Thread 60768316

>>60768316 (OP)
oh look yet ANOTHER demoralization thread. nice!

>>60768321
If you got hit with a ten thousand dollar bill today could you handle it?

I couldn't. I know I am not alone!

>>60768321
Its the OCPD guy im sure, hes spamming like crazy today. And hesm the jannie most likely.

You will get a lot of hate for telling the truth. In reality, most people have $1-2M in their savings account. Not counting for their investments or real estate properties. You need at least $15M to semi retire these days.

>>60768316 (OP)
>age 36 with $2.6 million NW
I need to get my shit together before I turn 40

>>60768354
actually you need two billion

Those are outdated numbers. You need around $20 million to be in the top 1% of all age brackets

My bull scenario is 15m at 63

>>60768316 (OP)

Huge racial disparity in retirement savings.
Hispanics and Blacks live for today and hope someone (government) will take care of them in their old age.

>>60768316 (OP)
>>60768325
97th here

>>60768551
checks out
hispanics and blacks are kept
slave mentality is genetic

>>60768551
>>60768585
hispanic is not one race.
you can break down hispanics into white, black, mixed and you get the same distribution. Only in America hispanic is a thing.

Yes I know, if I’m not a billionaire with multiple girlfriends at the age of 16 then I’m basically in the slave class.

>>60768593
>hispanic is not one race.

Neither is White or Asian, but it is the best we got.

>>60768354
>most people have $1-2M in their savings account

Are you literally fucking retarded?

>>60768551
>asians mogging whites financially
why are whites such a burden on us, fellow asians

>>60768625
not really when you factor that 5 generations of asians live under the same roof like jeets

>>60768316 (OP)
I literally just make 99% percentile for my age bracket 30-34 but that’s only if I include my real estate, otherwise I am 98th percentile.

I still live at parents house and am an incel though

>25-29
>108k is 90th percentile

I seriously doubt that. This chart was probably made before covid inflation hit

>>60768378
It’s wild to think that 1 out of every 100 people will be worth 2.5 million in there early 30s and 20+ million by the time they are 65. That means out of my graduation class of 300, there is 3 people that are 2.6 million in networth right now. Actually thinking it this way that is hardly anything. Never mind

>>60768316 (OP)
31 with 1.4M so I’m good for now. Should be able to double this by mid 30’s. Weird how there’s a huge jump from early 40’s to late 40’s but I should be able to stay in the top 1% by age until early 40’s at least.

With 7% returns my money will double every 10 years and with me contributing my paycheck it should be every 5 years or so.

Aiming for 2.5 at 35, 5 at 40, 10 at 45, and 20 mil by 50.

>>60768663
A lot of this is explained by inheritance. Let’s say your parents are in the top 1%, by the time you hit 35-39 your parents could by in their early 70’s and maybe your dad is even older (average age gap being 3-5 years). Your grandparents will also probably be dead by this point and your parents will be nearing death and wanting to start passing down the estate early often for tax reasons.

This is the age when intergenerational money transfers start accelerating.

I live near a major US city and know multiple people in their 30’s who have already received millions from their parents

>>60768704
>A lot of this is explained by inheritance.

Money makes money.
Rich people get money from their parents when they die.
Poor people have to spend money taking care of their old parents.

>>60768772
Yep the games fucking rigged. I have 2 friends who I comfortably out earn who live in $2-3M houses and send their kids to private school with country club memberships and 1-2 month long international vacations.

We live in a townhouse and our idea of a fun time is bowling or top golf, kids go to public school.

A very big fraction of the young people you see out in public/social media who live the high life are doing it on mommy and daddy’s dime

>>60768663
>everyone is a millionaire
>everyone is poor

>>60768316 (OP)

America has a HUGE wealth gap.
There are MILLIONS of millionaires in the USA.
There are about 100 million that live pay check to pay check.

The median (half have more half have less) wealth in USA is FAR below the AVERAGE (mean) wealth because the wealthy are so much richer than the poor that average (mean) is greatly pulled up.
About a quarter (1 in 4) of Americans have negative or zero net worth.

You need 15% or lower bodyfat to be human. The amount of millions you have is secondary

>>60768982
This. And the millions of millionaires all have a magnifying glass on their lives so it feels like they make up 50% of the population yet it’s only a few %.

Most people you see when you go outside are poor. Most people you see on IG are rich or are pretending to be rich

Top 1 percent is overrated. The lifestyle to get to that point sucks and if you reach it you're either a terrible person and or too retarded to maintain it or too old to make use of it and lived your life like a slave for 40 years.

I'm more than happy being a low millionaire when I'm 40 after obtaining a good career, living below my means but still having fun, and retiring in Alaska, fishing and hunting in Juneau.

>>60768325
>38
>96th percentile

>>60769038
at least your wife still has sex with you once a week right? right??? please give me hope

>>60768316 (OP)
unless you're after the private jet lifestyle, focusing on median is more appropriate

>>60768982
this

>>60769046
Now this is the kinda of sober and mature coping that can actually work.

>>60769061
i mean it's the truth. anyone who needs more than a few million tops has a spending addiction

>>60768612
>people
>adults

Subhumans don't count as people. Simple as.

>>60768910
>A very big fraction of the young people you see out in public/social media who live the high life are doing it on mommy and daddy’s dime
yeah 99/100 lol

>>60768640
Not true at all Lmfao.

>>60768936
Everyone is poor, because a million bucks doesn't buy you much these days. That's like a quarter of a nice house in a civilized area. Lmao now try to buy a car, food, nanny, utilities, taxes, plane tickets, that's an easy $500k you need a year. You're going to be wageslaving until you've got 10M++ just to make ends meet

Most people itt are larping and poor. Or old.
Dont forget this thread.

>>607645

>>60769091
Yes every one is poor.
>>60764588

If everyone was as rich as they say, that thread wouldn’t be like that.

>>60769091
i live in one of the best zip codes of the north east. plenty of great SFHs for under 1 million. be quiet

OH LOOK
another thread where everyone is a millionaire!!

LOLOLOLOL

>>60768910
>A very big fraction of the young people you see out in public/social media who live the high life are doing it on mommy and daddy’s dime

Well and also just larping. Like I'm rich, really well off, have lots of rich friends. But basically no one lives this rapper rich lifestyle, and from what I'm gathering, loads of these influencers are largely posing in front of other people's shit and fakes to have this thin veneer of wealth to make rich people porn for poors.

Like it's not hard to rent a Rolex and pose in front of some dude's lambo

>>60769111
> i live in one of the best zip codes of the north east. plenty of great SFHs for under 1 million. be quiet

>best zip codes
>under 1m.

LMFAO

>>60769120
i'm looking at zillow right now
it's true

>>60769124
Then its not the best zip code. Either way
check out this thread. Every thread people say they have millions but look at all the seething there.
>>60764588

I actually live in one of the best zip codes lol. Nothing cost less than 1m. Why? because in my city, 1m is ghetto.

>>60768663
>out of my graduation class of 300, there is 3 people that are 2.6 million in networth right now.
>is 3 people
>is
I think it's pretty safe to say that essentially everyone in your graduating class is bottom 50%.

>>60769138
i mean i'm not gonna tell you where i live but let's just say it's within commuter distance of Boston. i.e. a better zip code than you will ever even dream of being in

>>60769143
Impossible. I live a 10 minutes drive from Drake. LOL HERE COMES THE SHITTALKING KEK youre poor.
picrel $10k bowl.

>>60769143
BOSTON. LOLOLOL.
I use LA 2M as a bench mark and youre using Boston 1m.
LMFAO HAHAHAHAAHHAHAHAHAHAHAHAHAAHAHHAHAHAHAHAHAHHAHAHHAHAHAHAHAHAHAHAHhhahhahahahahahahahahahhahaha

>>60769143
I actually live in a red hot location. Like its legit red hot. but yeah.

>>60769143
$500 clock.

>>60769154
So anyone who doesn't live in LA is a subhuman? Is that what you're saying? Lol
Absolute state of 4chan

>>60769182
No, LA real estate in the nice areas is the benchmark everyone should use. If you cannot afford, then you cant call yourself rich.

>>60769182
See? Everyone talks so much shit on biz, but I earned my spot call everyone poor now.

>>60768593
You will never be white Paco.

>>60768325
>im just about 98th percentile for my age group
>lower end of the group too
uhhh.... what the fuck is everyone doing...?

>>60768325
>33
>99th percentile
Still feels like housing is overpriced.
I know I'm ahead of most people my age, but it doesn't feel like it.
I feel like I should be even further ahead, like I should be able to buy a house in cash with 30% of my wealth, it shouldn't cost 80% of it.
I feel like if I was in the 99th percentile 5-10 years ago I could have done that, but even I've been rugged just because I was born earlier.

Also, I don't think I'll be able to stay in 99th percentile once I'm 35 though, will probably be knocked down to 97th or 98th. A jump from 900k to 2.3m is so huge, my assets/income won't grow nearly fast enough.

>>60769485
> A jump from 900k to 2.3m is so huge, my assets/income won't grow nearly fast enough.
What?

>>60769485
This is why home ownership is the real wealth divider now.

>>60769113
>another thread where everyone is a millionaire!!
Yes

>>60769113
Sometimes that IS true.
I watch a lot of YouTube on Tesla investing and EVERYONE that have on is a multimillionaire.
This makes sense because they only interview those that are big time investors... so they can all easily fly off to Austin to experience the robotaxi there... I drive a rebuilt Hyundai, but will one day get a Model Y.

>>60769492
That's the difference in wealth for the 99th percentile when you go from the 30-34 group to the 35-39 group, assuming these values stay the same.
>>60769498
It really is insane how much more wealth someone who bought a home 10 years ago has compared to someone who didn't.

>>60769502
It isnt true. I made a thread calling out people. Listen to the attitude and what people say in most threads on biz. With all the shit talking, arrogance and attitude, the millionaires on biz would definitely be showing off some cool toys they have. Definitely. But what do you see? Nothing. The attitude and shit talking you see is definitely from the types that would post some pics if they had any.

>>60769502
this also
> It really is insane how much more wealth someone who bought a home 10 years ago has compared to someone who didn't
Most anons here dont own nice homes in nice areas. And only like 10% of American make over 200k.
High income = high consumption. Where are all the nice toys anons would be showing off?
You already know there is non stop shit talking on biz.

>>60769512
This.
So yeah. Most anons on biz arent that well off. Why would they be? Real life statistics apply to biz too.
Considering most people here probably make less than 100k a year, there sure is a lot of shit talking.

>>60769499
What nice things do you have?

>>60769512
>>60769502
There is non stop shit talking on biz and you know these are the types to show off if they could do. So where is the showing off? None.

>>60769536
Most people who use 4chan are losers in their 20’s and 30’s who live with their parents and a few nerds who work in tech and make bank.

/biz/ is not full of successful type A chads

>>60769499
Changing the dates on your file doesn't make it real you retarded jeet

>>60768325
I could, but it would hurt.

>>60769563
Cant be a loser if youre rich.

>>60769587
You can define it however you want but there’s a difference between an ugly chud who got lucky with his magic internet beans going up and a business chad who goes to the office every day and schmoozes with clients while getting paid 7 figures

>>60769563
Type A. By definition only 10% of people can even labelled rich.
90% of people are fake rich in America.
Rich is rich dude. And high income $250k is good for getting to richness.
in b4 250k a year is poor

>>60768316 (OP)
Why are all these retards dying with a ton of money? If you die in debt, you win

>>60769602
rich people don't have money, they have assets. you'd know if you were one of us

>>60769598
People judge you based on how you earned your money tho.

It’s way less respectful to be someone who has rich parents or won the lottery than someone who climbed the ladder to C suite or started a successful business. Self made people who grinded their way to millions are built differently than luckfags

>>60769614
> People judge you based on how you earned your money tho.
kek lol. This is just cope from grindfags.

>>60769611
>muh semantics
I'm selling everything before I die and I'm spending every dime. If you're not, you have literally wasted your life to make a big gift for somebody else.

>>60768593
Its simply meant as a shorthand for 'The Iberian Peninsula and its associated diaspora'. E.G., Spain, Portugal, and most of Central and South America by virtue of having been established as their respective colonies.

Its also true that Aussies, Canadians, and Americans have their own cultures but everyone will bitch and hee and haw about mutts and Anglos in the same manner.

>>60769614
> People
90% of people are ngmi and are poor and working class. 90% of people have an income less than 150k.

How does everyone on /biz/ need 10 mil? Even 700k would be completely life-changing for me.

>>60769536
>So yeah. Most anons on biz arent that well off. Why would they be? Real life statistics apply to biz too.
biz isn't a random distribution of the population. It's more geared towards people that were highly online pre-normie times, that are seeking a place of discussion related to finances, and tend to be into crypto which has performed extremely well.
When you gear for people that like biz users, they tend to be wealthier than if you did random sampling of the population.

I only make 108k/year but I live frugal and have been working towards financial independence since I was 25. I only have 500k outside crypto, and I was pretty conservative with my initial crypto investments in 2017, but it's the crypto that brought me from 97th to 99th percentile.
It doesn't even require being well off or a high income, I know there has to be some retards around here that just worked minimum wage and just went all in btc or took out loans to buy, and if they held they'd certainly have a higher financial net worth than me.
>>60769549
>So where is the showing off? None.
Speaking for myself at least, I'd rather have 200k in investments than spending 200k on a car or some shit to show off. I just want to stop waging, and there's nothing material to show when you accomplish that.

>>60769673
10m. Cause lets say you only have 1m. But a good area in LA cost more than that.

>>60769673
Because we are ugly

You need to turbo mog normies with your money to get any respect as a sub 5 male

>>60768982
And yet most other countries have even worse wealth distributions. See Thailand, for example -- just 35 families control almost all the wealth in the country.

>>60769689
>normies
do u know how big the wealth gap is and keeps growing a lot now

Holy fuck. My mom just called me working class. Holy fuck I am Pissed!

>>60769673
For me its 2 reasons

1. Budgeting for 3 divorces while still being a millionaire, 10>5>2.5>1.25
2. Establishing a financial freedom trust for a family of 4, 2% withdrawal rate because its intended to be multigenerational (10m @2% =200k or 50k each for family of 4) this withdrawal also allow inflation beating growth so they never have to worry

Holy fuck. My mom just called me working class. Holy fuck I am Pissed!

Normgroids piss me off.
Enjoy youe 9-5 loser.

>>60768325
Is this with or without home equity? If it's with I'm in the 96th percentile which doesn't seem right.

>>60768316 (OP)
does net worth include 401k ?

>>60769003
This

at 30 yrs old, you need to have

>1M stocks
>1.5M in 401k
>side business worth 500k
>crypto worth 500k
>path to C suite in your current job
>12%bf
>bench 225 lbs for 5 reps
>squat 315 lbs for 5 reps
>symmetrical face
>hunter eyes
>6'2 - 6'4 in height
>solid jaw line
>full head of healthy looking hair
>good skin
>a winning smile
>7 inch cock

>>60769614
Why should I care about how strangers "respect" how I earned the money? If I could inherit millions or be gifted it by my parents I'd love that. My friends and family wouldn't give a shit. They are the opinions that matter.

>>60768316 (OP)
I have 15 million USD and I am still a virgin.
So you need more than $15 million to be seen as a human.

>>60768321
OP is right tho, unless you're of Chad genetic stock you're not human unless you have more than $15 million USD.
I for one can't even get a gf with $15 million USD.

>>60769570
Ok

>>60771023
you can just buy sex, anon. either literally, with a hooker or sugar baby, or unofficially with a golddigger gf.

>>60771057
Wallet address or larp

>>60771057
Why do you even still post here. If I were you I'd be in Dubai with two bitches with their lips permanently attached to my cock

>>60771057
can i have a hundy thou?

im in the 90th percentile in the 30-34 bracket. should i just kill myself now?

I’m 45 and in the 99% . I’ve worked L.A real estate development for 20 years now. I question if this is the most recent data. I find it hard to believe. The rich got a lot richer over the last 5 years while the middle and lower class have been decimated. The wealth gap has to be more than that chart

>>60769502
>2021
Can you pull up a chart that isn't 4 years old?

>>60771023
>>60771057
Can you spare 100k?

>>60769517
>would definitely be showing off some cool toys they have
no cause i am not melanated rich and dont aspire to be so
as has always been the case the number one desire on /biz/ has been to be free of the cagie or normie society itself, you cant post a picture showing that
the second desire has been a nice home not downtown and you would have to be a fool to post about that nowadays
in the earlier days people would post about their new houses but in these days with the wrench attack index going up you would be a complete retard to do so

so what other 'toys' do you want me to flex with
dont bother saying car, cause the real flex is not having a car but the poors mind simply cannot comprehend that
collectables, including the highest of art, are all scams so no i refuse to engage with that

>>60769707
It always buffles me that americans just asspull random bs out their fat ass with zero self awareness like jeets. You pretty much have the worlds worst wealth inequality only behind africa

>>60768316 (OP)
damn I'm 3x over the 99th for my age group
makes sense with how much seething at my existence there is lol

>>60771108
>Dubai
even as a trillionare i's have a log cabin next to a stream, my money would be used solely to make the lives of jews and browns harder than it already is.

>>60772003
>(((World Bank)))

>>60770577
this is unironically what "average at best" women expect
>>60771652
retards think conspicuous consumption = wealth, real wealth is having total financial freedom, not wearing designer shit, buying expensive cars, and pissing away all your fortune

>>60768325
>Screen+Shot+2019-12-21
Filename

>>60772008
You're about to get killed soon

>>60771406
>I’m 45 and in the 99%
Sure you are. And I'm the king of Atlantis

>>60768612
>What is offshore bank accounts

Fucking brokies man

>>60768321
hell yeah! I love tel aviv psyops!

>>60771329
Sent! :-)

>>60771649
Out for now

>>60769548
A house bought in cash, a wife, two kids (so far), a nanny and no debt