Guys Let's All Get Rich - Are You Ready?

[JeanLucBB]

Is investing THAT easy? Your salary is 100-120k, you work for 10-12 years, invest your savings, and by 35 you can retire?

If you save a decent amount throughout high school and uni to pay for a deposit and stamp duty on a house then yes for most people if they find a partner in a similar situation. Not retire completely, but move into part time or casual work to pay the bills at that point.

Also I’m thinking more of the mining engis I know starting around 80-100k then hitting 150 after a few years and staying in that position for 5-10 years.

 

[CaptainForehead]

If you save a decent amount throughout high school and uni to pay for a deposit and stamp duty on a house then yes for most people if they find a partner in a similar situation. Not retire completely, but move into part time or casual work to pay the bills at that point.

Also I’m thinking more of the mining engis I know starting around 80-100k then hitting 150 after a few years and staying in that position for 5-10 years.

What is the take home income on 150k?

What kind of part time/casual work are you talking about?

 

[JeanLucBB]

What is the take home income on 150k?

What kind of part time/casual work are you talking about?

Fast food, cafe, basic admin etc.

About 105k give or take.

 

[CaptainForehead]

Fast food, cafe, basic admin etc.

About 105k give or take.

What about health insurance? Is a full time job required for that, or does everyone get health insurance?

 

[JeanLucBB]

What about health insurance? Is a full time job required for that, or does everyone get health insurance?

Covered by government here for everyone

 

[Exodus2011]

Covered by government here for everyone

doesnt that make the taxes a lot higher?

i actually agree ideologically with socialized medicine even though a lot (or possible even most) of medical bills are just stupid and irresponsible people i.e. smokers and obese people. in socialized medicine the people who take care of themselves like me would have to pay for them disproportionately

i still think its a good idea. medical bills are insane here. better to spread the cost around.

 

[JeanLucBB]

doesnt that make the taxes a lot higher?

i actually agree ideologically with socialized medicine even though a lot (or possible even most) of medical bills are just stupid and irresponsible people i.e. smokers and obese people. in socialized medicine the people who take care of themselves like me would have to pay for them disproportionately

Agree. Significantly higher than the US compared to GDP. Total government revenue derived from taxes on individuals is also among the highest here and high up in most other categories too.

 

[CaptainForehead]

Agree. Significantly higher than the US compared to GDP. Total government revenue derived from taxes on individuals is also among the highest here and high up in most other categories too.

But the income tax seems to be a little bit lower than in the US (accounting for state taxes).

How much does a house there cost?

Maybe I should move to Australia

 

[JeanLucBB]

But the income tax seems to be a little bit lower than in the US (accounting for state taxes).

How much does a house there cost?

Maybe I should move to Australia

After council rates, taxes, GST and super contributions which are effectively like social security payments I don't think you'd be much better off.

Depends where you live, in my state you can get a decent place for 300-400k AUD, interstate in Melb/Sydney only units, apartments and townhouses are available inner city for affordable prices and even then in the 500-700k range for tiny places.

If you have a job you're happy with I'm 99% sure you'd be better off in the US (just assuming you're there) unless you go to a cheap state like Tasmania or South Australia.

https://www.canstar.com.au/home-loans/house-prices-in-australia-vs-the-g8-countries

https://www.numbeo.com/cost-of-livi...jsp?country1=Australia&country2=United+States


If you want to live in Sydney or Melb which are the nice places I don't think its cheaper. The only benefits we have are high minimum wages which benefits teenagers and young people in their first job, healthcare and an inflation indexed 0% government loan for university (and personally I think we should scrap public funding for tertiary education entirely).

 

[JeanLucBB]

View attachment 75149

When you said it was a buy you were spot on in my opinion but at this point I think Ethereum is a better bet in terms of a coin with a similar usecase.

Did you have much XLM? Any Cardanao?

Happy as f*** I sold my Neo at like $60 USDish I think after the initial Antshares rebranding pump.

 

[JeanLucBB]

Convinced my parents to pay for half of my next transplant, I think I'm going to contact ASMED in a month or so at the 10 month mark.

 

[Afro_Vacancy]

The USA has lower taxes but people pay colossal amounts for health insurance and medication ... Heck even death and disability insurance might be higher due to the high rates of car accidents and gun crimes.

 

[Afro_Vacancy]

It's funny how people still think that you're not serious about the impact of your hair loss when you've already spent 11000€ on hair transplants and 3000€ on minoxidil.

"Come on now, you're just pretending! It's unnecessary."

I get that one from my girlfriend and my cousin: it's unnecessary. I also got that about whitening my teeth or removing spider veins from my face.

My answer is always "nothing's necessary in life", of course it's an hyperbole but this belief that if you're not crippled or suffering from cancer, you have nothing to complain about because "there's always worse!" is ridiculous.

How do you know it's not important? Have you researched the subject? Have you talked to other bald(ing) people, or better, have you assessed their position in life? How well they're doing? Have you detected patterns in the lives of other balding men?

I know I have over the years: struggling on the job market, drinking regularly, shitty or non-existent love life, last Facebook picture from 2010, mockeries from other people on social media or in real life, the drastic change in their appearance that makes them look like a completely different person (or as we say, a sub-version of themselves).

I've come to believe that high levels of neuroticism have been a blessing when it comes to hair loss. Yes, I get anxious and depressed very easily, the smallest negative change in my appearance or my environment will trigger an alarm in my head.

To me, everything matters, and I'll pay great attention to the tiniest disruption. When a dermatologist tells you that you're suffering from aggressive male pattern baldness at the age of 19, what is the appropriate reaction?

Unless you're versed in the negative consequences hair loss can have on a man's life, you just don't know. Most people will bury their head in the sand and utter platitudes like "it's what's in your head that matters, real men shouldn't care, I'll just shave it all off and be done with it!"

Huge mistake as we all know, the negative impact of hair loss on a person's life is not insignificant. It downgrades the quality of your life overall: your social life, your job opportunities, your romantic relationships, just the way you're treated on a daily basis, how outgoing and charismatic you can be (know your place!), the way you appear on social media. People who pretend they don't care about all this are kidding themselves.

So freaking out like I did was justified, I knew, I just knew what it meant. Now it got a little out of control, but still, once you're bald at the age of 22, your self-confidence disappears, people automatically respect you less, women start giving you sh*t for the tiniest mistakes. Your whole life becomes an uphill battle and only compensatory features like height or good looks will make the blow a little easier.

A few years ago in Quebec a teenage girl got a socialized boob job. She said that her small chest was harming her self esteem.

That's probably never happening again, as it was a small public scandal.

 

[UberBaldaten]

Ok laddies, I've fathomed another 550$ to dump into crypto.

Where do I dump them for moon mission?
XLM- is a good candidate but how far can it go to considering its rank, market cap and price now ?
REQ- got around 1200 REQs now, its 0.7$ but don't know how much it will go up to
QSP- Supported by Ycombinator, partner with REQ, full of graduates and seniors from Ivy League schools, decent and unique project, sits around 0.45$ as I write now
BURST- 0.05$, don't know how far can it go up, some say it's a shitcoin, others don't. @JeanLucBB input would be nice
XRB- Raiblocks mooned to 30$, making profits with this small soom seem unimaginable unless it hits crazy amounts of money.
FUN- decent team, unique product, many whales, still cheap, dunno how far can it go.


Any thoughts laddies?

@JeanLucBB bls respond DDD

 

[JollyJed]

XRB ran out of fuel on the way to the moon it seems, perfect time to buy for those who missed it first time round.

 

[JeanLucBB]

View attachment 75172


@JeanLucBB bls respond DDD

ITC maybe. Fun capped by industry usage which isn't as gigantic as more currency orientated coins. Req still ok. XLM idk I thought it was overpriced but it keeps going up. Haven't sold yet.

Xrb was due for correction my sh*t head cousin sold at peak and bought the dip fml.

 

[JollyJed]

Has anyone looked into BNTY? Undecided on buying more REQ or jumping on BNTY.

 

[blackg]

@Roberto_72 should this be moved to the off topic thread?

No. I like hearing these guys pretending to know what they are actually talking about.

 

[JeanLucBB]

No. I like hearing these guys pretending to know what they are actually talking about.

Knowing things in this sector doesn't actually help in my opinion at least in the short term, the only thing you need to know is follow the pumps, diversify and hold longer term and you'll ultimately win out. Technical analysis helps for ultra shorter term movements but more important unless you're swing trading is general market sentiment.

 

[blackg]

Knowing things in this sector doesn't actually help in my opinion at least in the short term, the only thing you need to know is follow the pumps, diversify and hold longer term and you'll ultimately win out. Technical analysis helps for ultra shorter term movements but more important unless you're swing trading is general market sentiment.

Is that how you made your AU $50 last year?