Would Your Life Have Been Worth It If You Were To Die Tomorrow?

[CaptainForehead]

Lol by that standard vast majority are failures dont feel bad

Are they on this forum? I gather a lot of people are doing quite well financially. Zircon, Macaroni, that dude who worked on oil rigs, IdealForehead, Swingline, Rudiger also probably. The paupers might be in the minority here.

 

[CaptainForehead]

I've had an incredible track record in my stocks, and I think that arrogance went to my head on a company SGH which I lost about 30k on. Averaged down (bought more as it tanked) and the company was almost completely destroyed overnight from a bad acquisition and debt pile of a disaster firm they thought they could turn around. Despite reading the accounts and financial reports of the acquisition myself which didn't look good I trusted the management of SGH especially as the CEO owned 25% of the company, and ultimately they were completely wrong and the accountants had no idea what was going on. Tanked about 99% and I sold at 95% down. This was a top-tier market darling which I made 100% on in about a year prior to the acquisition which I held through so still mindblowing what a f*** up management of billion dollar companies on salaries of half a million and above can make.

Made a lot from the FAANMG (Facebook, Amazon, Apple, Netflix, Microsoft, Google) big tech stocks minus netflix which I still think are very strong but not as perfectly valued as they were 12 months ago. Also Magellan Finance in Australia and Corporate Travel Management. Dominos Pizza too which I sold a few years ago close to 10x up.

Lately all the decent money is from crypto. Wish I'd put more in initially, my investment was very small but grew substantially.

Do you have a finance/accounting background?

 

[JeanLucBB]

Do you have a finance/accounting background?

Bachelor of commerce with corporate finance major which is essentially a finance degree.

 

[CaptainForehead]

And youre a failure if you arent making 250k by 23

Lolz

Not by 23 no.
But if you dont have a net worth of 250k by 40, then yes.

 

[JeanLucBB]

Are they on this forum? I gather a lot of people are doing quite well financially. Zircon, Macaroni, that dude who worked on oil rigs, IdealForehead, Swingline, Rudiger also probably. The paupers might be in the minority here.

Yeah Idealforehead still makes me jealous with what he's making.

 

[CaptainForehead]

Yeah Idealforehead still makes me jealous with what he's making.

How much IS he making?

 

[JeanLucBB]

How much IS he making?

I think he said over 100k a year plus he'd had a house worth around a million

 

[Exodus2011]

Are they on this forum? I gather a lot of people are doing quite well financially. Zircon, Macaroni, that dude who worked on oil rigs, IdealForehead, Swingline, Rudiger also probably. The paupers might be in the minority here.

Here yea but youre fine if youre making less

As long as you have enough to be comfortable thats what matters

35k a year average for a single american https://www.google.com/amp/s/amp.usatoday.com/amp/93002252

 

[CaptainForehead]

I think he said over 100k a year plus he'd had a house worth around a million

The house is impressive. Salary depends on how much over 100k.

 

[Exodus2011]

Not by 23 no.
But if you dont have a net worth of 250k by 40, then yes.

Pretentious overachiever elitist sh*t

 

[CaptainForehead]

Here yea but youre fine if youre making less

As long as you have enough to be comfortable thats what matters

35k a year average for a single american https://www.google.com/amp/s/amp.usatoday.com/amp/93002252

1. Average income, I'm talking about net worth.
2. Younger people make less, so that brings the average down.
3. Married filing seperately is 65k income.

 

[CaptainForehead]

Pretentious overachiever elitist sh*t

Overachieving would be a net worth of 2million+ by 40

 

[bridgeburn]

Hard work is popping some damn pills

not popping the E pills technically. Using buccal administration to avoid first pass liver metabolism and because buccal is considered more effective at E:2 to E:1 ratio. Also, cycling the cypro for other reasons based on research.

 

[JeanLucBB]

Pretentious overachiever elitist sh*t

250k net worth is piss if you have even a minimum wage job and work for at least a decade + invest properly even in low risk options. It's all about playing your cards right in your early years when you can live with your parents and save though, that's when it's easy to get a huge head start.

 

[Exodus2011]

1. Average income, I'm talking about net worth.
2. Younger people make less, so that brings the average down.
3. Married filing seperately is 65k income.

The rich are very rich here, its gonna be increased actually

Seems like more of your perverse masochistic need to punish yourself over every little thing

 

[DHTpolice]

250k net worth is piss if you have even a minimum wage job and work for at least a decade + invest properly even in low risk options. It's all about playing your cards right in your early years when you can live with your parents and save though, that's when it's easy to get a huge head start.

I wasted so much time, it sucks to live in a country where I can't even find a minimum wage job due to some restrictions.

 

[Exodus2011]

not popping the E pills technically. Using buccal administration to avoid first pass liver metabolism and because buccal is considered more effective at E:2 to E:1 ratio. Also, cycling the cypro for other reasons based on research.

I respect the balls it takes to do that, its just not hard work

 

[CaptainForehead]

250k net worth is piss if you have even a minimum wage job and work for at least a decade + invest properly even in low risk options. It's all about playing your cards right in your early years when you can live with your parents and save though, that's when it's easy to get a huge head start.

What was your take home income after taxes during the minimum wage years? I'm skeptical building 250k on minimum wage is that easy.

 

[DHTpolice]

I respect the balls it takes to do that, its just not hard work

It's mentally hard, if someone wants to stay a man while taking these drugs.

 

[CaptainForehead]

Seems like more of your perverse masochistic need to punish yourself over every little thing

Building a nest egg is not a "little thing"