Thread 60850670

You ever look at your life, see that you've failed, but then look around to see people who have failed even worse than you financially, and think, "How the fuck are you this shit?"

Was a C student in high school, became a shitty fast food service wagecuck, moved on to become a waiter. Lived with my parents until I was 26 and saved up 100k just because I don't spend it all on retarded shit. Threw it in the stock market on blue chip stocks, worked like 20-30 hours a week still as a waiter, now I'm 31 and just retired a few months ago with 250k that I just play around with every week to make $1000 in options and pay for all my living expenses. I'm actually so bored now that I'm considering working again.

This isn't bragging. Like, it really fucking isn't any big accomplishment. I'm genuinely not smart. Just live with mom and dad for a few years, put whatever you can save in to blue chip stocks, and you should be fine moving out with a huge safety net.

But then I look around and I see people who don't even have 10k in to their savings or any sort of account to increase their money. My last workplace had idiots near my age who were living paycheck to paycheck and they were absolutely more intelligent than me.

Why the fuck are people so financially illiterate?

Kinda same. I guess it's really not that difficult to "make it". I went to uni for 3 years and left without a degree while collecting gov gibs (like 800€ a month) and spent actually just 400 maybe per month on food and dorm rent, nothing else. Put it all into chainlink in 2018 (total of around 4000€ I think but also lost some here and there on stuff like REQ lmaooo). Now with other shitcoinery sitting on 750k but no degree, no job. Around 24k in passive income and some extra from degen games I used to play and still get fees from but that's everything but certain. Bored as fuck but going back to work is also dreadful when I have to think about sucking up to retards and HR roasties who want to know why I constantly shave off 30min from my contractual time. I'm just trying to reach faceit level 10 in cs2 now and it's harder than I thought. What do you do for the feeling of accomplishment?

>>60850670 (OP)
Nothing. It's why I'm so bored. Thinking of running some Dungeons and Dragons games to kill time and maybe ignite some passion.

>>60850670 (OP)
>Retired off 250k

You aren't retired lol

>>60850670 (OP)
>moved on to become a waiter
Waiters take home income can be the same as a software engineer because nobody pays taxes on all their tips. Every other low skill wagie is making half of what you made as a waiter, if you were any good and in a decent location. Add on working instead of taking on student loans and 4 years of college and saving up 100k from living with parents, you've got a massive headstart on everyone.
Just putting 100k in SPY 5 years ago would have turned it into 183k.
>just retired a few months ago with 250k that I just play around with every week to make $1000 in options and pay for all my living expenses
This works until it doesn't. Turning 250k into 52k/year is a 20% yield. This is an insane returns for just "playing around in options", it's not risk free and it won't last forever otherwise it would be packaged into a financial product and everyone would do it instead of tbills.
The FIRE fags wouldn't say you're retired until you have a safe withdrawal rate of 4% that covers your cost of living, which is 52k/0.04 = $1.3m
>My last workplace had idiots near my age who were living paycheck to paycheck and they were absolutely more intelligent than me.
Everyone's life circumstances are different, maybe their parents kicked them out or lived too far away from any decent job, or maybe they're retarded or addicted to shit. Some people don't really care about being financially well off, they might bitch about living pay check to pay check but they don't want to learn or sacrifice any spending, they'd rather have a new car or eat out all the time or collect stupid shit instead of saving up. They'll see your 250k and be completely jealous but if they had it they'd spend all 250k of it, so they don't really want 250k invested, they just want to spend 250k.
Some are just clueless and don't understand saving or investing though, they see a number in their account and think they should spend it, not realizing the potential of compound growth.

>>60850670 (OP)
I'm sure whatever youre doing has a 0% failure rate and totally isn't only working because the market is going up overall.
No, you are the first one who's discovered simply ushering the secret word "options" is the arcane incantation to recieve free money forever.

>>60850670 (OP)
Maybe they live with drug addict, or poor hill billy parents. Ever thunk of that? Having good parents is a privilage

>>60850827
>because nobody pays taxes on all their tips
said like someone that never waited tables.

>>60850670 (OP)
>I'm genuinely not smart.
I was gonna say how stupid your post is but you beat me to it

>>60850670 (OP)
For me, I used to want money to get women. Then I wanted money to get a better motorcycle. Then I wanted money to get better women. Then I wanted money to get a Corvette. Then the C8 is only an automatic. What is that? These days, I ask why do I want to live? It's expensive. Why do any of this when death is inevitable? Dropship some fidget spinners or something you fags.

>>60850692
You need hobbies. I work in the garage and learn how to machine things and work on my truck. I also tutor high school level maths and sciences and have the “go-to” tutor in my hometown. Teaching is extremely fulfilling.

>>60851973
>said like someone that never waited tables.
I've listened to waiters and waitresses bitch about being unable to afford a home because their declared income isn't high enough to qualify for a mortgage, but their actual income is high enough because they're tax cheats.
It's a universal constant for anyone in the industry in my area, at least it was 10 years ago. Maybe things changed with less people paying cash but it was common in 2015 to hear of people clearing 1k/night on friday/saturday of almost entirely tips, most of which was undeclared.
I calculated it out from one of my friends and their take home was the equivalent of someone making 150k/year. High volume front line staff in restaurants make ridiculous amounts of money in the right areas.

>>60852056
>In USA waiters make 128k€

Kek enjoy your coming crash USA, there is absolutely nothing justifying wages that high. World wars were a hundred years ago. Everywhere else in the world it’s three times lower than that at max.

>>60852106
Wages are literally below minimum wage, it's all tips. The service industry is bonkers.

>>60850670 (OP)
>now I'm 31 and just retired a few months ago with 250k that I just play around with every week to make $1000 in options and pay for all my living expenses

>>60850670 (OP)
Not only that, but I’ve got more than a thousand dollars on multiple credit cards that I just keep paying the minimum on instead of working out a payment plan! Just get home from work and do the bare minimum and tell myself it’s because I’m depressed