I have almost $2M in crypto and 150k in stocks, 40k cash.

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    • #205297
      Anonymous
      Guest

      I have almost $2M in crypto and 150k in stocks, 40k cash.

      Am considering selling my crypto and diversifying next year and then quitting my $300k TC software engineering job.

      Is this scrotebrained? Will it be hard to get another job if I have a big employment gap? I’m an above average software engineer and also have a side tech business bringing in 100k/yr but it’s not stable.

    • #205298
      Anonymous
      Guest

      I would do it. Just focus on your side business and doing freelance

    • #205299
      Anonymous
      Guest

      I’m quitting my 90k swe job and I’m dogshit and only worth 50k total, so at least if it’s a bad choice you won’t be the only one who gets bonked over. I’m tired of doing this shit.

    • #205300
      Anonymous
      Guest

      You have more money than you freaking know what to do with. go buy cheap property in the north or go live in SEA/japan or some shit and retire.

      • #205302
        Anonymous
        Guest

        Forgot to mention I own a 500k apt in NYC with 130k equity. I was thinking of spending a year traveling and get some time to think about what I want to do.

    • #205301
      Anonymous
      Guest

      >$2M in crypto
      This is enough to last you a lifetime of comfortable living.

    • #205303
      Anonymous
      Guest

      Both your side business and your investments are each enough to comfortable live the rest of your life on. Even if the business fails you can fall back on your investments.
      And no, it won’t be particularly hard to get employed again after a gap, especially if you say you were working on your own business.
      If you don’t want to keep doing your job then you couldn’t really ask for a better position to be in to stop.

    • #205304
      Anonymous
      Guest

      >Will it be hard to get another job if I have a big employment gap? I
      If you legit have nearly 2.2m in potential money, why would you ever work again. Basic investments outside a main coastal city in the US would basically let you live a fairly comfortable life style.

      Why would you bother with any work or what it brings in? You could pick up any basic bitch PC job that is fun but doesn’t pay much and do fuck all.

      • #205305
        Anonymous
        Guest

        > Why would you bother with any work or what it brings in?
        I feel like I’d get bored after a year or two of hedonism. I’m also scared of leaving the security of a job, especially now that I have a mortgage.

        • #205306
          Anonymous
          Guest

          >especially now that I have a mortgage.
          Why would you have a mortgage when you have 2M in crypto. You’re literally losing money in interest for no reason not paying it off asap.
          >I feel like I’d get bored after a year or two of hedonism. I’m also scared of leaving the security of a job
          Why you literally have nothing to worry about? You don’t even need to care you can just apply apply apply, besides everyone knows that people have job gaps post covid. You aren’t just a NEET larper right? because if you’re this bad at lying you’ll never get past the interview.

          • #205307
            Anonymous
            Guest

            > Why would you have a mortgage when you have 2M in crypto. You’re literally losing money in interest for no reason not paying it off asap.

            Because inflation is more than twice what my interest rate is. It’s free money. Borrowing means I can deploy my capital elsewhere instead of tying it up in my apartment, which is what I did by deploying it into crypto.

            > You aren’t just a NEET larper right?
            no, but i grew up poor and none of this money feels real.

          • #205308
            Anonymous
            Guest

            >You’re literally losing money in interest
            Interest rates on mortgages are currently lower than typical investment returns. You’re actually losing more money by paying off your mortgage and not being able to invest that money instead.

            • #205311
              Anonymous
              Guest

              Having equity trumps interest losses, ability to lease out a room in the current apartment price hikes is pure income into savings, having both is a win win with 0 downside. OP does not know what he is doing because he is living in his head.

              • #205312
                Anonymous
                Guest

                >with 0 downside
                opportunity cost of paying off the entire property instead of investing it elsewhere for higher gains is a downside, especially with interest rates as low as they are right now.

              • #205318
                Anonymous
                Guest

                You can lease out a room whether the property is mortgaged or not. It has no bearing on whether paying off the mortgage early is a good idea or not.

                • #205320
                  Anonymous
                  Guest

                  this. is a larper himself or scrotebrained.

    • #205313
      Anonymous
      Guest

      If I was in your situation I would go even more prepper than I already am. Its about to go SHTF

    • #205316
      Anonymous
      Guest

      >has over 2m
      >won’t do shit because they may lose 3-4 1000 bucks in interest game
      >still wants a job
      >this would negate the losses since it’s just pure income
      none of this is making sense. why do neets constantly feel the need to bullshit beyond their limits? It shouldn’t matter at this point because you’re going to get a job for income and have a solid backing in crypto you should be turning into something stable at this point.

    • #205317
      Anonymous
      Guest

      […]

    • #205327
      Anonymous
      Guest

      I have less than $1000 to my name and I’m stuck in a foreign country. Just signed up for Fiverr to try and make some pocket change as a writer, I’m also writing a book and hope that it’ll make me some money on amazon when it publishes.
      Congratulations to the anons that have $$$, I hope you use a bit to make the world a better place.

    • #205331
      Anonymous
      Guest

      >I have almost $2M in crypto and 150k in stocks, 40k cash.
      How did you do it anon?

      • #205332
        Anonymous
        Guest

        >$300k TC software engineering job
        >side business bringing in $100k/yr
        How do you think?

    • #205333
      Anonymous
      Guest

      1/10 LARP, made me reply

    • #205336
      Anonymous
      Guest

      >I have 2.2 million
      >I don’t know what to do for a job! work gap!
      >I run a side business
      uhh why don’t you I dunno just put on your resume you are a business owner?

      • #205337
        Anonymous
        Guest

        Yeah this is the weirdest thing about this. Did you really not think of that OP?

      • #205340
        Anonymous
        Guest

        >I don’t know what to do for a job! work gap!
        Like I said, I am young. I do not see myself retired for the next 60-70 years of my life, if I live to my late 90s.

        I want something to do and all I know is work tbh.

        Yeah this is the weirdest thing about this. Did you really not think of that OP?

        > uhh why don’t you I dunno just put on your resume you are a business owner?
        Doesn’t that scream bullshit though? Any schmuck can write that they are a business owner on their resume of a bullshit LLC.

        am i overthinking this?

        • #205341
          Anonymous
          Guest

          >Doesn’t that scream bullshit though? Any schmuck can write that they are a business owner on their resume of a bullshit LLC.

          Do you have a business or not? or is your "side business" just doing ubereats? I don’t understand how you can have a business and somehow not have an LLC or any kind of official documentation surrounding it.

          • #205343
            Anonymous
            Guest

            Yes I have an LLC. But I’m saying anybody can file to make an LLC and claim to be the founder/CEO of it. It sounds like bullshit. I can provide business tax returns for my LLC/S-Corp but I dont think interviewers will be asking for those and just write me off as a bullshitter.

            • #205346
              Anonymous
              Guest

              As long as you can point to it on the resume where if they were to find it comes up with your name, you’re good. I’m still unsure how this is some revelation in terms of things. If you’re employed through your business who the fuck cares lmao.

        • #205342
          Anonymous
          Guest

          >Any schmuck can write that they are a business owner on their resume of a bullshit LLC
          Any schmuck can write anything on their resume. But "I tried to start a business and it failed so now I’m looking for work" is a pretty common and legitimate thing. It doesn’t arouse any suspicion.
          When I was doing interviews at a bay area company, every third candidate had their failed startup on their resume. It’s normal.

          • #205345
            Anonymous
            Guest

            Oh nice, that’s good to know. Thanks anon.

        • #205347
          Anonymous
          Guest

          >I want something to do and all I know is work tbh.

          Pick an interesting, seemingly unprofitable, problem and solve it.

          There are tons of interesting, useful, hard to solve problems that would things better for everyone. The shaders / graphics (i.e. rendering) programming world is filled with these

    • #205338
      Anonymous
      Guest

      don’t sell the crypto all at once dweeb, never withdraw enough to push your income beyond the federal limit for capital gains and you’ll never pay a penny in taxes.
      >In 2021, individual filers won’t pay any capital gains tax if their total taxable income is $40,400 or less. The rate jumps to 15 percent on capital gains, if their income is $40,401
      so keep income below $40,400 on paper and you’re tax free.

    • #205339
      Anonymous
      Guest

      OP you should probably freaking LURK MORE, next time you make this thread assuming it’s not bait/larp from biz like all the other threads always are. Leave out all the /biz/ shit out of the OP, no one cares about your crypto or wants to hear about how much supposed cash you have. Ask the specific questions you have in regards to actual work in the field.

      Also if you have a side business like stated why not use your contacts you have through clients just to go get a job?

    • #205344
      Anonymous
      Guest

      I’m think quitting my 0$ no job with zero savings. I think your good sis.

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