Archived threads in /biz/ - Business & Finance - 6334. page

saving up to buy in cash would be stupid considering all that money you are spending on rent could go to your mortgage

Unless you are in a city with absurdly high housing costs and absolutely for some reason cannot live outside it and commute in, getting a house is always better. There's very little instances outside of cities where renting is better because while you lose a little money on the loan, you keep the equity. The only other problem is you cannot sell the house instantly, if that matters to you. You should also know about property taxes in your area but the absolute worst is 2.5% per year. Either way, it's retarded to actually pay only the minimum payment on the loan.

>>1663542
I'd agree with this except for the last part. You should always just pay the minimums on fixed rate debt like mortgages and instead out the extra cash into investments.

>>1663457
>I want to make lots of money
>in three of the poorest states in the US

well at least there's lots of crime there.

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>>1663461
Exactly!!

>>1663461

> Texas
> Poor

Texas is probably top 5 in wealth in our country anon.

But anyway OP, being a lawyer is not "fun". It pays a lot and that's about the only redeeming feature.

Also criminal law is not where the money is. Most people go with dreams of justice and end up a corporate bitch so they can make $200k+.

The sky is the limit for a dedicated lawyer though. Move up, make partner, etc... A good lawyer can make half a million a year.

>>1663361
>$30k
You have roughly 2 million more to go.

>>1663373

I'm gonna NEET it after I've got enough money, don't want the big bux.

Gonna rent out the spare room in my flat for 4,000 a year (I know this is fuck all but it's a start)

>>1663361
What do you do anon?

>>1663339
you don't need money to retire poor in the US.

you can get free housing, electricity, heat, phone, food stamps, Medicaid.

Or if you really want comfort and privacy just murder someone.

So you're asking us what your living expenses will be? I have no idea. Where do you want to live? What kind of food do you want to eat?

If you already understand investing and how safe withdrawal rate factors into it, then there's nothing /biz/ can help you with. How much you need is up to you.

>>1663339

It all depends on where you live. Most people's biggest expense is their home. The average home price in CA is a lot higher than it is in say GA. You can buy a very nice house for around $100k in some states. If you buy a house for $100k and have simple expenses, you can easily retire for less than $500k. The idea of a safe withdrawal rate is incorrect as you may already know. A secure retirement is highly dependent on the market's performance in your first few years of retirement, so if you are frugal in the early years, you can actually increase your withdrawal rate as time goes on.

>>1663279
Anything Soros owns

>>1663279
Tesla.

They survive on govt assistance and can't build cars for shit. "Bring back Coal" Trump does not bode well for their overpriced reddit cars.

>>1663292
Do you really think he will be able to stop Elon Musk? That man holds onto his gov support very well...

Suppose this is true. What do with this info? I am doing my best to learn about macroeconomics and the Fed.

>>1663170
it will mean that the US dollar will go up and the the stock market will blow off steam. short stocks and euro.

>>1663162
I'll make sure to bump this thread until then so I can laugh at you when you're wrong.

Nice. I have 1 dropshipping site, and also act as the vendor for some dropshippers.

Is your volume consistent? Fall/winter heats up 1 of my stores but drops another.

What do you do for traffic?

>>1663167
I like that.
We are based out of Australia and we mainly sell summer stuff so during summer (now) we get a lot more traffic and sales. Not too sure about winter and fall yet since we've only been up and running for 3 months.
Probably pivot into selling winter stuff during the cooler seasons.

I use social media influencers, facebook ads and Instagram ads.
Brings in the most Conversions per cost. Ran some google ads but that was mostly for SEO. Got us little traffic and no sales.

>>1663160
what are your payment options?
if you have cc as an option, with which company did you set it, was it hard?

from which site are you dropshipping and did you have to talk to the vendor before doing it or do you just place his items on your site and when people order you buy from him?

>> dumb idea

>>1663127
It's very risky, especially if you trading on margin. If your stock drops too far, you won't always be able to ride the wave unlike if you just outright owned it. 90% of day traders lose money in the long run.

If your serious be sure to buy lots of displays for the graphs.

>>1663143
Currently have my pc hooked up to 2 55 inch displays.

Finding out I actually have some family connections with people who are good with this kind of thing and I'll be consulting them on advice in the near future. I was just curious if people here have much experience in this kind of thing.

Just bs'ing with my uncle, he's told me his guy got him about 30k on his stocks in the last 4 months

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It's gonna crash! SELL EVERYTHING!

>>1663095

Rich. Just don't get cold feet.

>>1663095
https://coinmarketcap.com/assets/iconomi/#charts

https://bitcointalk.org/index.php?topic=1587736.17620

check ICN if you want to see 10-20x profits

>>1663091
I want ketchup on my hotdog.

>>1663091
Can I get a chicken over rice?
White sauce, hot sauce, no barbecue
Yeah, can I get ginger ale? Thanks.

>>1663104
>>1663098
kill yourselfs redditards. Or should I have included a [serious] tag for you? You goddamn special snowflakes.

>>lgbt

Dollar cost average into index tracking funds.

>>1663068
You would invest the same way you would if you had actual money, just in smaller priced stocks.

>>1663086
How do?

>>1663067
There only has to be one complete serial number, don't take no guff off a bank and slap a teller upside the head if you must.

>>1663087
Er wait, one complete and one partial otherwise that would be a loophole to free monies.

>>1663067
So visit Bank of Canada three times. Or bring two friends.

>>1663016
Probably lack of advertising. Most small businesses don't have enough capital to properly advertise and educate the general populous.

>>1663016
Depends on the business and the field, but honestly, starting a company can be tough. The field your selling to could be saturated, you could have no traffic, you could get hit with a legal complaint or some shit, but mostly its gonna be related to lack of creativity/lack of funding. People are used to going to a certain place, and you didnt draw their interest enough to warrant them giving you money for your product/service. Or you only had $20,000 and it dried up before it paid off.

>>1663021
>People are used to going to a certain place, and you didnt draw their interest enough to warrant them giving you money

Yeah, people get used going to one place and sometimes don't feel comfortable in a different place of the same business type.

>>1663011
Im currently keeping a roof over my familys head. Its isnt making the world a better place, but its making the world a livable place.

I hate to ruin your fantasy but people can do that for free at a library.

You may have not been in one lately but they have changed a lot. Its no longer a quiet space with dusty old books. Every library in my county has an entire floor for computer labs conference rooms hangout area snack vendor etc. And its all free with a library card to log in computers and check out books movies video games etc.

>>1663034
>I hate to ruin your fantasy but people can do that for free at a library.

kek I knew someone would point that out...

People expect something of value when they have to pay a price. And my establishment happily provides that value as there is plenty of demand for it. NEETs who come to my establishment are generally the motivated, temporarily unemployed types thankfully. I seriously doubt those who lock themselves in their room playing vidya and anime 24/7 even have the capacity to be cured.

>>1663008
If you are a petson who gets stuck on the easiest part, you have already failed.

>>1663031
if you think naming a brand is the easy part you have already failed

>>1663008
It all depends on your intended clientele.