What is your CURRENT age and net worth?
Please do not inclued future assets. Such as if you have a house coming to you one day. I mean money you have right now in the bank.
Do not include your car. Money in your bank accounts/wallet only.
1.2m in investments
1.2m in cash
owe about 1m to the taxman.
50% ownership in company valuated at 8m
My company boomed over the last 18 months.
Before that i was dirt poor, hardly able to afford rent and food.
I always used to think "if i had $1m, i'd be set for life".
Now that i have money, that's gone out the window.
I'm not greedy, but having this much money is the most fucking stressful experience of my life.
Make me money.
I prefer anonymity, and telling you what it does would make it easy to find my app.
We're on a pretty downward slope now.
Got lucky, reaped some rewards, and in a few years, that will be the end of that.
yeah, i think that's one thing people tend to leave out of the "i wish i had just $1 million" discussion. it's not like having and managing all of that is a game. you'd have to have all the money with no ties to any businesses, 0% chance of that money going down in value, and no debt, which will pretty much never happen.
that's what i'm worried about. i'm one class from graduating and make $13 an hour at a bullshit job right now, so i'm saving and will be able to pay my $18,000 debt off really fast and easily, but i have no other real goals besides that and don't think i'll be able to do much with my degree (because i suck at it and my gpa is only like 2.8)
5k in liquid assets currently
I have rich parents and don't spend frivolously, so I've never really had to worry about money.
Been jobsearching like fuck lately because I don't want to end up NEETing off my inheritance for the rest of my life. Right now it looks like I'll be going into mobile game development.
Roughly 200k liquid
+20k for my dog, valuation based on how much I'm willing to spend to spend on his lost&found reward or vet bills if anything happens
So total net worth is about 220k or so. Also have a condo in Manhattan and a couple houses elsewhere.
420k in apartments
10k in stocks
30k in cash
20k in shares in the business I part own
-146k debt for apartments
I'm satisfied eventhough I stress more about money than a homeless person.
>1 rental property valued at 600k, generating 24k a year
Poor investment or you're lying because the numbers are way off
A rental property valued at 600k only gets you 2k a month in rent? That's below shit tier returns, a 600k property will likely have taxes of 5-800 a month. You might as well sell your 600k property, and buy a 600k 1bdrm condo In NYC, which would easily rent for 3200-3900 a month
Nah, that seems unlikely. Grads get on average around 50-60k here, and that being Australia is greatly inflated compared to eg. the US. Assuming they rent, have a car, and eat food to live, then have no entertainment or luxuries, they are probs left with about 40k before tax is even accounted for, and that's being very generous - once you start factoring in any luxuries, lifestyle stuff, activities, makeup, alcohol, socialising, going out or going on holidays and lets say they want to live somewhere that isn't in the middle of nowhere and in something bigger than a shoebox, then the reality would leave them with maybe 10-15k a year, again assuming we have a fairly frugal individual who's going to put that money into their loans or a house or something else and not just take it and buy a newer car etc.
Once you also realise that most grads don't actually get 60k jobs, or don't get full time work etc. the situation is probably much worse - it's not difficult or impossible to pay off your student debt if you are a hard worker or relatively intelligent but it's certainly not an easy task, it can be very difficult to save money from low paying jobs when you don't have help from eg. parents, spouse, friends and so on
GTFO of dodge. That's what most people do is move to a city.
I'm not going to say it's easy, but it is possible, with a little assistance to make money starting off with zero dollars. I have done it. You won't get rich and essentially wind up a cog in the machine but if that's better than your standard of living it's something to consider.
Get some roomies, m8.
2400$ I live in a third world shit hole though.
Quit doing freelance to better my craft for a while. I got a patreon going though. I'll get back on it once I revise my portfolio.
My Story? Not too much. Just gradual saving and investing. I cracked down and forced myself to start saving about 15 years ago or so.
A few things that worked for me:
* All income goes into one account. Pay yourself via an automated payment to another account, and treat that like it was your entire income. Invest what gets left behind.
When you get raises, don't increase how much you pay yourself by the full amount of the raise. If you leave a job, you have a nice buffer because as far as your immediate finances are concerned, you are still being paid.
* Diversify. Speculating is fine, but don't put all your eggs in one basket.
For a while I worked for a company that encouraged workers to put all their investments into company stock. The day the stock dropped from $70 a share to $7 was not a fun day in the office.
* Always be watching the market and looking for things that are undervalued, but remember that you might be missing something obvious.
* Have Fun. If you view managing money as a chore, you won't do as much as you should.
>~4k cash saved up from summer jobs
>~25k in debt to student loans (elite american university tho)
>projected minimal first year income based on my first offer (not looking as seriously until spring) ~58k
>own some intellectual property that should start making me some decent beer money here soon
He's 25 dude, he got it from his parents. If not, he got it because his parents paid for his life expenses while he "earned" money at a job they set him up with.
That guy is not completely wrong.
Most of it came obviosly from the bank and from real estate prices skyrocketing in my country. However I got a sizable 80k from my father to start it all up. I can tell you this though. With 80k most people would probably not have done as well as I did
21 in two weeks.
$1,255,952.23 USD. Liquid.
$375k CAD in my car.
Living with parents. They're out traveling. They don't know about the 650s I just bought, let alone that I'm a millionaire. First year of University is funny especially MicroEcon where my prof is a dumb cunt who thinks free trade is the solution to the world's problems.
€2300 spending money
€9500 savings account 1
€6400 savings account 2
€2200 in long-term investment
€18 000 in total
About €3000 in bills coming in (car repair, rent, car insurance)
I really need to get my finances organized, those savings accounts are shit. What does /biz/ recommend I do?
i have $7 in the bank and $20 in my pocket.
graduating soon with a dual degree in chemistry and math and no debt tho
doesnt feel very good mang.
All from mommy. Never worked a day in my life and I'm looking for and failing to find to find a job. Feels pretty bad.
>Wish I could work out the right way to grow this other than fucking index funds.
So you want better returns but don't want to shoulder unreasonable risk to your capital? Good luck with that mate. Life doesn't work that way.
Fine with risk, just been advised way too many times to not bother with stocks unless you've got _real_ capital (e.g. 250k) to work with. Maybe fucking with real estate might help boost it a little.
>only what's in your bank account and wallet
Seriously though, net worth implies all your assets.
Anyway, my actual net worth is between 3 - 4 million. My actual bank accounts only have about $90,000.
>you'd have to have all the money with no ties to any businesses, 0% chance of that money going down in value, and no debt, which will pretty much never happen.
So you sell the fuck out, invest that money into something that will generate you moderate growth every year and look to future business opportunities.
What's so hard about that?
Negative is better than having nothing as long as you can reliably pay your debts. When Trump was 2b$ in debt he was still an extremely wealthy man (well within the 1%) with ton of options that negates being billions in debt.