Archived threads in /biz/ - Business & Finance - 7331. page

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>tfw fell for the Ethereum was a good investment meme

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I'm a student in London. Since I live in London, I get a generous stipend of a little over 1 grand a month.

I want to dine at the Ritz once a fortnight. Apparently prices for Afternoon Tea start at £52 per person, which sounds okay.

I save £300 a month at the moment, so losing ~£100 of that doesn't seem like a huge deal.

The main problem is that there is an initial big cost of buying the required clothes to be allowed entrance - that would be roughly £450 if I'm cheap.

So the cost for this desire of mine would be:
>£750 the first month
>£100-150 for every following month

Do you think this is acceptable, or am I irresponsibly dooming my future?

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Discuss

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With my 54k a year job, if I account for all my fixed expenses (rent, student loans, bills, etc - but not food or any personal expenses, entertainment, etc) I find that I will be able to save a little over a thousand a month.

I was sort of expecting to have more than $12,000 net a year if I starve myself. I was kind of hoping to go real lean for a couple years to have a down payment on a house, but this basically triples the length of time it will take to do that.

What am I doing wrong here? Besides being a wage slave, obviously.

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Does it bother or disturb anyone else to realize that a single idea for a good online, possible business can make you enough money to move out and live wherever you'd like and not have to go to university or work for someone else, essentially being free? I KNOW that this is the wish of most of who browse this board.

I've been thinking about this in a business sense for a year. I can't think of a single fucking thing.

I day traded crypto and made money, but it's not sustainable and I was just lucky.

I tried to start a company with like 100 anons, weeded it down to about 20 of us, and it just didn't work out because we had no payroll and people were fighting for the management positions and having dick measuring contests about who is useful and who isn't, and who deserves management positions, shares in our then not-even-fucking-existent company. It was interesting just to try it out and see what would happen and I feel like I gained some sort of knowledge from the experience.

I've read some books on frugality, accounting etc, but it doesn't mean anything when you don't have a sustainable income.

I live in butt-fuck, nowhere USA. There are no jobs. I literally live in farm country without a farm. My only option is the internet. I'd gladly start a company with people here, but none of us can trust each other. It's not even a legal company without setting it up as an LLC, so nobody will actually listen to anyone anyway. I don't know.

Anons, I just don't know what the fuck to do. There has to be people in the same shoes as me. We can sit together and brainstorm in a skype call if you want.

https://join.skype.com/yEjLKB3uMBfo

Lets see where this thread goes before I post anything else. This doesn't have to be solely about money, either, but it's definitely topped the list.

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How does one of the world's most expensive stock (Berkshire Hathaway) have so little transparency amongst management and have someone like pic related literally spout out generic investing memes like "buy low and sell high"?

I'll give you a hint.

It starts with a P.

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> Be 22
> $5000 in savings
> $17,000 a year
> American

Should I start a Roth IRA?
If so, what bank?
Can anyone calculate what $5000 initially with $4000 a year would be?

I like how I can take money out tax free if I fall on hard times, and a 401k is kinda pointless because the government doesn't take much from me.

Thoughts?

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What completely legal /biz/iness did you hesitate/didn't start because of ethical concerns?

I live in a run down third world Asian country and I know that if I start a US style walk-in small loan business it would make millions. The way that they operate is by landing money at 2% daily compounded interest. It accumulates almost exponentially and eventually the person becomes a debt slave(unless they pay on time). I cant start it because I am certain that many people will commit suicide over that and its almost scam-tier.

Another thing that doesn't exist here are instant lottery tickets. Again, people will get completely addicted very fast and it will ruin many peoples life's.

What did you pass on because you have some ethics?

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I'm going to preface this thread by saying I know nothing about investing and have limited knowledge when it comes to eSports.

Recently I've been getting into eSports, mostly League of Legends. I've seen enough to know that it's an addicting game, it's been around and growing for half a decade, and it has a dedicated fanbase. More importantly there seems to be a growing infrastructure not only around League, but around esports in general like CS:GO and Hearthstone. Streamers on Twitch get tens of thousands of views every night and shill different products for hours on end.

I guess I have two questions: 1. Do you guys think it would be a good idea to invest in esports like League? and 2. What would the best way to go about investing/getting involved for the average person who can't just go buy a team?

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Hey, so I am wanting to start up my own business.

Does anyone know a thing I can create and sell cheaply?

I don't wanna do that random internet stock trading, or selling someone else's work, I want passion in my work too.

I don't have alot of money, so I'd need something cheap, and space wise too.
I live in a small apartment, so I can't have a full on warehouse.

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>be me
>get interview at some tech firm
>HR asks me why I don't have an "online presence"
>accidently give a red pilled answer
>say its because I don't want to be distracted every few minutes by checking how many likes I get on my status
>get an automated email next day saying they rejected me

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Daily reminder
>Bitcoin was a cleverly designed Ponzi-esque scheme (as soon as people quit buying into the scheme, it's over)
>Every newer coin has been a far more blatant Ponzi-esque scheme
>Eventually new coins will be such blatant pumps to anyone paying attention they won't be able to get off the ground
>nothing will EVER reach the hype of the Bitcoin scheme, not ETH, not Trump, not nothing
>Coin schemes have similar psychological effects as MLM/Pyramid Schemes (targeting disenfranchised, lonely losers, gets the victim to "sell" the product to everyone they know, even if only to justify having bought in themselves)
>Buying knives with your money and using them to rob people yeilds almost 300% a week

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Anyone day trade? Every time it gets brought up, someone comes along and says not to do it, but I've been trading for 3 weeks now and I find it pretty fun. Watching your stock tick up while you're at work makes work much more tolerable.

I figure I'll keep at it for another month or so, and if I'm regularly in the positive, I'll look into a margin account. And if that goes well, I'll look into borrowing some more money to trade with. I want to make sure the gains I've made so far weren't just a fluke.

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Inspired by /fit/

Can we get a poor people hate thread?

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Let's talk passive income /biz/
I currently have a few easy online methods, I'll break them down for you
Computer: eBesucher-roughly 5 cents a day, I run a surfbar tab that automatically looks through sites. Do it in a browser you don't normally use, minimise it, and forget!
Inbox Dollars-this site does not have a great rep, but if you set them as your default search engine you can make roughly 10 cents a week in addition to your 2 cents per email
Phone: Mobile Performance Meter-10 cents a day in some cities, 20 cents in others. You also get a monthly quick survery about your cell plan that pays a dollar. This is an app that just sends your data, entirely passive!
Nielsen Mobile Rewards-$1.09 a week, but takes a few weeks to start paying. Same idea as above, can run with performance meter
Slidejoy-well known lockscreen app, shows me an ad when I open my phone, I get roughly 5$ a month from it
Adme-same idea as above, I make 4$ a month. The two work flawlessly together.

This all adds up to $4.30 a week for me without really lifting a finger! I'm thinking of using this to either pay for hosting to start a website for passive ad income, or to buy candy vending machines around my town.
Am I missing any good online methods? Do you guys have passive income streams? I'd love advice and can provide ref links if you please :)