As of This Morning, I Am Officially a Multimillionaire!

[Toad]

I don't even care about money JFL

 

[whiteislandpill]

I would much rather be young and poor than old and rich

 

[Entschuldigung]

Op btw:

 

[Part-Time Chad]

I don't know maybe you are jewish and just inherited it and added some few dollars in the market to reach 2 million and make this thread.

No, like I said, I started off around $18,000 in debt. So, I had a negative net worth at first.

 

[Part-Time Chad]

I would much rather be young and poor than old and rich

Absolutely. Any day.

 

[Part-Time Chad]

and how old?

Too old to mention, but I still get IOIs from foids from time to time, so I guess there's technically still hope (?)

 

[Underdog9494]

It took years of painstaking investing, risk-taking and hard work, but I've finally managed to be able to brag that I am an (entry-level) multimillionaire!

I may be an incel; I may be old, but no one can tell me that I'm poor. Heck, I'm not even technically a loser anymore. No. I'm now "eccentric", JFL.

In the last month alone, my net worth surged almost $100K, and the Trump election win market rally got me over the top to this figure:

$2,021,623.45





Here's how it all breaks down:

Assets
401(k): $869,521.37
Brokerage account: $408,992.36
Brokerage account #2: $5,514.26
Rental properties: ~$380,000
Cryptocurrency: $347,222.54
Checking account: $11,463.26
Cash at home (Euro+usd): $2,191.14

Debt
$3,281.31

Can you send me money i need braces, paletal expander, fixing cavities and i might have colon cancer

 

[Part-Time Chad]

Op btw:

No, I'm Sicilian. But I do have a lot of Jew character traits, strangely. One of them is that I'm cheap, and I like to count my money.

 

[Part-Time Chad]

I don't even care about money JFL

You will at some point.

 

[Part-Time Chad]

JFL at this Boomer post I just read on this weird forum (;NSSFW):

Stop thinking about women and just work on improving yourself. The women will hunt you down once they can smell the money on you.

There is nowhere to meet women. >All women at bars are 40+ years old. >All women at church at 60+ years old

There is nowhere to meet women >All women at bars are 40+ years old >All women at church at 60+ years old >Women don't join clubs >Women don't do sports How will Trump fix this...

nsffw.com

Is this guy for real? What is this, Mad Men?? Going by his logic, I should be double-bolting my front door lest the foids break into my house and cannibalize me, JFL.

 

[Toad]

You will at some point.

Uh huh

 

[longjohnmong]

How long did it take you to go from 1 to 2 mil compared to how long it took you to get to 1 mil?

 

[Part-Time Chad]

How long did it take you to go from 1 to 2 mil compared to how long it took you to get to 1 mil?

Good question.

It took me 12 years to go from being $18K in debt (negative net worth) to a little over 1 million usd. But, once I had achieved millionaire status, it only took me 3 years and 11 months to hit my current net worth of 2 million plus. Hard to believe, I know. That's the power of compound interest.

This makes me wonder how long it will take for me to reach 3 million, then 4, 5, etc.. But it's going to be harder going forward because I'm planning on quitting my job soon and may have to depend on my money to live on. That's going to put a damper on the compounding process, unfortunately. But my sanity and happiness is more important than money. I can't stand wageslaving anymore, tbh. Had enough of it. If I had something to look forward to in life (women, friends), I would probably keep working, but not if there's no reward for me. Fuck that.

 

[Part-Time Chad]

Haha loser

Well, the incel part, I guess.

 

[longjohnmong]

Hard to believe, I know.

No, it's not. I expected as much and asked in hopes you'd confirm.

 

[esoterik]

get mogged by my $47k in xmr (im jealous)

also how old are you? i'm 17 with well over $100k+ and dont know what to do, what is some advice

 

[Part-Time Chad]

get mogged by my $47k in xmr (im jealous)

also how old are you? i'm 17 with well over $100k+ and dont know what to do, what is some advice

View attachment 3288226

You're WAAAAAAAAY ahead of me financially when I was your age, so congrats.

Why did you only invest in Monero? Is it because it's a cloak coin that the government can't track? I diversified my crypto holdings. At my peak, I held over 55 different projects (coins), but lost some due to the Cryptopia hack, so now I have about 40.

Anyway, not financial advice, but you might want to diversify away from XMR into other cryptos (like some of the top 10: BTC, ETH, XRP, SOL, etc.). I would also own some of the stock market, buying low-cost index funds that track the total U.S. market (like VTSAX) and the total international market (like VTIAX).

As far as my age, I can't tell you. It's embarrassing. I shouldn't even be on this forum.

 

[esoterik]

You're WAAAAAAAAY ahead of me financially when I was your age, so congrats.

oh wow, i was told i had top 0.000001% of wealth for a 17 (considering every asset etc i have)

idk if i do

You're WAAAAAAAAY ahead of me financially when I was your age, so congrats.

Why did you only invest in Monero? Is it because it's a cloak coin that the government can't track? I diversified my crypto holdings. At my peak, I had over 55 different projects (coins), but lost some due to the Cryptopia hack, so now I have about 40.

its because some of it is on the verge of legality and i used tornado cash from eth <-> monero and its semi stable so its something i can hold until i need to pull from it

Anyway, not financial advice, but you might want to diversify away from XMR into other cryptos. I would also own some of the stock market, buying low-cost index funds that track the total U.S. market (like VTSAX) and the total international market (like VTIAX).

yaaaa, i knew trump was going to win around 2 or so hours before, and right before they called PA. i missed out on the stock, i would have put every dime

As far as my age, I can't tell you. It's embarrassing. I shouldn't even be on this forum.

nah your good. there is a legit verified 50 year old on here and a few 40 year olds and a ton of 30 & 20 year olds

 

[OldRooster]

Don't let your parents find out, they will want you to start paying rent. How did you manage to get so much money in a 401K, It is currently capped at $22,500/year in 2024, and it was lower in prior years?

 

[onskibidi]

Can I have some?

 

[longjohnmong]

As far as my age, I can't tell you. It's embarrassing. I shouldn't even be on this forum.

Who cares? I'm 41.

 

[Chadeep]

Good question.

It took me 12 years to go from being $18K in debt (negative net worth) to a little over 1 million usd. But, once I had achieved millionaire status, it only took me 3 years and 11 months to hit my current net worth of 2 million plus. Hard to believe, I know. That's the power of compound interest.

This makes me wonder how long it will take for me to reach 3 million, then 4, 5, etc.. But it's going to be harder going forward because I'm planning on quitting my job soon and may have to depend on my money to live on. That's going to put a damper on the compounding process, unfortunately. But my sanity and happiness is more important than money. I can't stand wageslaving anymore, tbh. Had enough of it. If I had something to look forward to in life (women, friends), I would probably keep working, but not if there's no reward for me. Fuck that.

Probably in next 5 years you'll be close to 10 Million goal if you don't fuck up.

 

[Gaygymmaxx]

I'm so fucking stupid to not be ready for the trump pump

Absolutely sucker

Update

I didn't miss

+500 on the other bets

Probably not too late

 

[Part-Time Chad]

Probably in next 5 years you'll be close to 10 Million goal if you don't fuck up.

Thanks for the encouragement, but I doubt it, unless cryptocurrency goes parabolic, or I make a lot of extra money in my rental property business. I'm planning on retiring by early-March, and will have to dip into my savings for living expenses. That will create a headwind against my 10m goal, unfortunately.

 

[Part-Time Chad]

How did you manage to get so much money in a 401K, It is currently capped at $22,500/year in 2024, and it was lower in prior years?

I actually have a 401(k) and 457(b) in my employee deferred compensation plan because I am a civil servant. Both have the same contribution limits. I maxed out both for years. Compounding interest did the rest.

 

[Part-Time Chad]

It's not too late to benefit from the "Trump pump" imo. I believe that it will continue for a couple of months until after New Years. Don't forget that there is also a "Santa Claus" rally, and it's been historically quite strong during election years.

 

[yeeyeeslayer]

that's amazing bro how'd you do it

 

[Part-Time Chad]

that's amazing bro how'd you do it

By having a good job and diverting about 70% of my wages into stocks, cryptocurrencies, and real estate, and HODLing for the long-term, through thick and thin, when everyone else was selling and crying gloom and doom.

 

[noodlelover]

Now looksmax and you'll have a girlfriend.

 

[JohnDoe]

@SecularIslamist this should be us, we should have made it by now considering we both first bought crypto in 2017, fuck atleast you have assets, i'm broke. It's so fucking over. I should have 7 figures by now. Fuck this gay earth

 

[SecularIslamist]

@SecularIslamist this should be us, we should have made it by now considering we both first bought crypto in 2017, fuck atleast you have assets, i'm broke. It's so fucking over. I should have 7 figures by now. Fuck this gay earth

Fr I'm a dumb fuck. I'm still shorting. I just added some more margin. Fucking markets really piss me off. 2018 bear market gave me PTSD and I've struggled to invest in anything since.

I'm down A LOT today. Especially I keep shorting SOL.

 

[JohnDoe]

Fr I'm a dumb fuck. I'm still shorting. I just added some more margin. Fucking markets really piss me off. 2018 bear market gave me PTSD and I've struggled to invest in anything since.

I'm down A LOT today. Especially I keep shorting SOL.

shorting the trump pump? i don't think it's a good idea to be a bear right now leading up to christmas/new year. Think you're gonna get liquidated

 

[SecularIslamist]

shorting the trump pump? i don't think it's a good idea to be a bear right now leading up to christmas/new year. Think you're gonna get liquidated

Yeah Ik market cycles top Nov / Dec. Fuck.

I know SOL is unsustainable because of brutal inflation rate and token unlocks early next year. Especially from late February.

This shit is $100 billion market cap JFLLL

 

[JohnDoe]

Yeah Ik market cycles top Nov / Dec. Fuck.

I know SOL is unsustainable because of brutal inflation rate and token unlocks early next year. Especially from late February.

This shit is $100 billion market cap JFLLL

still i think you will likely get liq'd or just lose a lot of money unless you can somehow keep putting in margin but very risky. You're in a bad spot and doubled down

 

[SecularIslamist]

still i think you will likely get liq'd or just lose a lot of money unless you can somehow keep putting in margin but very risky. You're in a bad spot and doubled down

I will continue shorting this shit. It's not like BTC or ETH. It's inflation rate is so retarded. No SOL holder ever talks about this. It's guaranteed to go down at some point brutally.

If it increases just 11% more it will be worth MORE than Nike. If that isn't retarded idk what is... I'm gonna carry on shorting.

 

[SecularIslamist]

I will continue shorting this shit. It's not like BTC or ETH. It's inflation rate is so retarded. No SOL holder ever talks about this. It's guaranteed to go down at some point brutally.

If it increases just 11% more it will be worth MORE than Nike. If that isn't retarded idk what is... I'm gonna carry on shorting.

If you're a SOL holder you're fine as long as you're staking and earning. So it's irrelevant if you staking outgrows the inflation.

 

[JohnDoe]

I will continue shorting this shit. It's not like BTC or ETH. It's inflation rate is so retarded. No SOL holder ever talks about this. It's guaranteed to go down at some point brutally.

If it increases just 11% more it will be worth MORE than Nike. If that isn't retarded idk what is... I'm gonna carry on shorting.

market can stay up longer than you can provide margin, it's brutal tbh, best of luck bhai hope you make it. you're applying logic to an illogical market

 

[Part-Time Chad]

@SecularIslamist this should be us, we should have made it by now considering we both first bought crypto in 2017, fuck atleast you have assets, i'm broke. It's so fucking over. I should have 7 figures by now. Fuck this gay earth

I also started buying crypto in June, 2017. I could've bought in a few months earlier, when Bitcoin was trading at just $200, but I made the fatal mistake of waiting for it to go down to $100. Instead, it surged, and I didn't start dollar-cost averaging into it until it was trading at $1,800. Biggest financial mistake of my life. I could've just dropped $10K into it at $200, and I'd be sitting on FIFTY Bitcoin right now, instead of less than 2.5.

 

[itzyaboyJJ]

 

[JohnDoe]

I also started buying crypto in June, 2017. I could've bought it a few months earlier, when Bitcoin was trading at just $200, but I make the fatal mistake of waiting for it to go down to $100. Instead, it surged, and I didn't start dollar-cost averaging into it until it was trading at $1,800. Biggest financial mistake of my life. I could've just dropped $10K into it at $200, and I'd be sitting on FIFTY Bitcoin right now, instead of less than 2.5.

Yh man atleast you are a millionaire now while I'm broke.

 

[Part-Time Chad]

Now looksmax and you'll have a girlfriend.

I got a hair transplant, got rid of the varicose veins that I've had on my left calf since I was 19, and later this month, I'm getting laser treatment for the dark spots on my face at a cosmetic dermatologist.

I'm reluctant to go further than that. Don't want to get surgery that alters my facial features, causing me to look synthetic and weird, like a lot of narcissistic foids look.

 

[Part-Time Chad]

Yh man atleast you are a millionaire now while I'm broke.

I should have a lot more money, tbh, especially at my age.

 

[Part-Time Chad]

I will continue shorting this shit. It's not like BTC or ETH. It's inflation rate is so retarded. No SOL holder ever talks about this. It's guaranteed to go down at some point brutally.

If it increases just 11% more it will be worth MORE than Nike. If that isn't retarded idk what is... I'm gonna carry on shorting.

I hold about 15 SOL. Resisted getting into it for a long time, until I just gave in. It's a hedge against Ethereum (which I hold over 44) in case it fails.

 

[Part-Time Chad]

@SecularIslamist this should be us, we should have made it by now considering we both first bought crypto in 2017, fuck atleast you have assets, i'm broke. It's so fucking over. I should have 7 figures by now. Fuck this gay earth

Keep in mind that I dropped over $80k into crypto over the years. I didn't get a current balance of $371K in cryptocurrency by investing just a couple of hundred dollars. I wish.

 

[Part-Time Chad]

All this $$$ and I still can't find a cure for bloating. That's 100% the reason why I'm a trucel.

 

[SecularIslamist]

Keep in mind that I dropped over $80k into crypto over the years. I didn't get a current balance of $371K in cryptocurrency by investing just a couple of hundred dollars. I wish.

Fuck man. I didn't just get into crypto I was part of private pooling groups that bought tokens (including SOL) at dirt cheap prices - like $0.29 (see below). The people I knew that invested few hundred or a thousands are literally fucking millionaires. It's brutal I missed out coz I'm a stupid fucking bear.

All this $$$ and I still can't find a cure for bloating. That's 100% the reason why I'm a trucel.

With that money geomaxxing literally buys you a minimum MTB even being a trucel. You'll get maximum loyalty from them too.

 

[Part-Time Chad]

Fuck man. I didn't just get into crypto I was part of private pooling groups that bought tokens (including SOL) at dirt cheap prices - like $0.29 (see below). The people I knew that invested few hundred or a thousands are literally fucking millionaires. It's brutal I missed out coz I'm a stupid fucking bear.

View attachment 3289626

Wow. Imagine if you said, 'fuck it', and just threw a few grand into SOL, and then HODLed it? That's even better than buying Bitcoin at $200.

With that money geomaxxing literally buys you a minimum MTB even being a trucel. You'll get maximum loyalty from them too.

I've been to many countries around the world, including those in the Third World, like southeast Asia and Latin America. For the most part, I wasn't impressed with the quality of the women there, and I wouldn't get married, even if I was.

 

[basedblackpiller]

I will continue shorting this shit. It's not like BTC or ETH. It's inflation rate is so retarded. No SOL holder ever talks about this. It's guaranteed to go down at some point brutally.

If it increases just 11% more it will be worth MORE than Nike. If that isn't retarded idk what is... I'm gonna carry on shorting.

How are you shorting? On Binance? I wanna do it too

 

[SecularIslamist]

How are you shorting? On Binance? I wanna do it too

Lots of platforms offer it. I've not gone full retard though.

Wow. Imagine if you said, 'fuck it', and just threw a few grand into SOL, and then HODLed it? That's even better than buying Bitcoin at $200.

Alt coins returns have always been higher than BTC JFL.

When did you get in? Nowadays it's complete fuckfest compared to 2017/2018. At least back then if you owned 10 you could be sure 1 would go 50-1000x. Nowadays there are thousands.

I've been to many countries around the world, including those in the Third World, like southeast Asia and Latin America. For the most part, I wasn't impressed with the quality of the women there, and I wouldn't get married, even if I was.

Not Europe? I take it in you're Americancel and white. Eastern Europe is good if you want quality.

 

[Part-Time Chad]

Who cares? I'm 41.

I wish I was 41 again, but on second thought, the world sucks now, so maybe not.