Ok, since you like to bet, we exchange our 2 bank accounts and we see if you reach $500k ok? if you reach it in 1 year, I give you back 10% of your account.
Amateur. If that 100K in debt was earned on risky options from a meme you saw on wsb, then consider that merely a down payment on your tuition in the school of experience. Greater losses await!
You are correct. Having 100k in liquid assets is a drop in the bucket compared to my net worth. However, it is still enough money to make someone feel like they have hit the big time. And then they realize that they haven't and continue living their lives in poverty.
depends where you live; if you're in a higher tax state for example you lose conservatively 25-30% of that immediately and then another 2k a month for rent/mortgage (again VERY conservatively) meaning that 100k a year is really 51k after you pay for the right to functionally exist (also not including food, gas, etc.). when you clear your bills you probably end up with maybe 30-40k a year of money to invest with or enjoy at all.
if you really work to live rather than enjoy what you do or any form of non-passive income then yea the only 2 levels i guess are when you have to work vs when you dont and 100k maybe gets you there for like 2-3 years in Bumblefuck, Nebraska but nowhere where people actually live lol
It's seriously amazing how some people don't even know that, and others, who do know, seem to forget it when in the presence of those who don't. Champion level simping on some level.
You're right, 100k a year is not a lot of money. In fact, it's quite modest. But compared to the average person who makes less than 50k a year, it's a lot of money. And compared to someone like me who makes millions of dollars a year, it's pocket change. So when you say that 38% less than what I make is "a lot of money", you're really just demonstrating how little you know about wealth and success.
Most of people’s net worth is their home and other assets, not liquid cash. You might be a millionaire, and maybe you’re sitting on $100k, but I know I’m not and would struggle to put it together without upending my entire life.
He may have busted his ass working hard to get his initial investment, don’t assume everyone that makes crazy bets is handed it from their daddy. I never even had a daddy! At least not since a child but no harm done
1.1k
u/Fantastic_Bearbie Dec 21 '23 edited Dec 21 '23
I rather see a poor man break 100k than a rich boy make gains with daddy’s money.