Neet with no source of income

Buy a rental property, and get passive income for life

Consider spending it on a gym membership and making up for your ugly face instead of finding whores and damaging society through your pathetic ness

Inb4 you say “I pay them to leave”
No you don’t, you’re not don draper or some movie protagonist. You pay them cos you’re ugly as fuck and probably disgusting

>Coming from someone who has been involved in the Bitcoin community since 2011 when bitcoins were worth $3 each
>made $150k in cryptos and cashed out $120k

What did you do invest like 10 dollars?

OP, you should probably keep some of it in the game but use the rest to start a small business, etc. You can find a small niche and start a business with 10k or less.

Put your money back in crypto and claim neetbux or something. I mean, it sounds like you’re living like a neet in terms of finance, so it would make no difference except you would still have 120k to invest. If there is another bull run, well... you know what that would mean.

22$ if he cashed out at ATH

My net worth used to be as high as $230k before the crypto market started imploding earlier this year. If I had just cashed out everything back then and spent the money on a rental property that makes $300 a week, I could have retired by now since $300/week is well above my living costs. :(

I've seen properties selling for about $100-150k which get a rental return of $200 a week but once taxes, maintenance, etc. are taken into account, I would still be losing a small amount of money each week. Not to mention the hassle of dealing with tenants, finding tenants, periods in between tenancies where you have no tenants, etc.

Or use the money to find a job. 120k gives you enough room to look for a job you actually like doing as opposed to anything. You could even work part time until you find something you like.

If you refuse to work, then you will end up eating away at your savings and end up with nothing. Work will unironically set you free providing you do it right

Imo, invest 80-100k in crypto, use the rest to live in for now until you get a job/find another source of income

You can’t retire on 120k and you will lose your mind trying to live on it for 15 years. Just get a job or neetbux or something... you will only wish you did anyway

Do you have any credit history? Do your parents have good credit? You've never worked at all? No post high school education?

What you've earned so far is not enough to live off of, I assume you realize that. Its chump change. I recommend investing that money in the stockmarket for now, learn to trade stocks if you like.. I'm up 50% since March just trading regular stocks. And while you do that.. you need to ask yourself if you want an actual career in coding, or if your just doing it because people shill it here. You'll need to dedicate 40+ hours a week to learning like a full time job and it wont pay off for awhile. If you just want paystubs to show a bank, start apprenticing as a plumber or an electrician or a carpenter. If you want ez mode but limited growth potential go with carpentry, it's the most fun imo. And once you learn to frame, theres so much work out their you could trip stumble and fall into a job without even trying. Then you got stubs to show the bank and you can build credit in the meantime. I've got pretty good credit score and so do a lot of anons on here who can answer questions once we get more info about your current credit history and your parents

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you should buya house next to a fresh water creek, then you can use your solar to run a pump that filters the creek's water while pushing it into a water storage tank. the water from the creek does not need to be clean in any sense of the word as the filters are capable of removing all impurities. by doing this your property will not need to be serviced by water or power which will probably reduce the cost of the property a lot. the only thing you then need is something for sewrage. you could have a designated area somewhere on the field within your property for pooing or something.

I made a few posts on Bitcointalk in 2011 and tried mining on my laptop's GPU then forgot about Bitcoin until 2014. Then I put a few hundred into Bitcoin and altcoins and forgot about them again until 2017 when some of them (e.g. NEM, Monero, DASH) blew up and made ridiculous returns (e.g. 1,000x the initial investment).

I could have been worth over $30 million if I had put everything into cryptos when I first learned about it and cashed out in January this year. It's part of the reason why I'm unhappy at my current situation. I could have been a rich faggot driving porches and living in a mansion if I had just been a bit braver and taken the plunge a bit sooner but instead I still live a mediocre life.

You can still achieve that by being ballsy now.

t.
> made a couple mill
> cashed out 90% in december
> now going all in again
I know its retarded but its 8 figures or bust

You can live while traveling around the world. Be homeless and travel the world. You can travel the world for less than 5k USD/year.

Spoken by someone who knows nothing about water treatment, or surface water contamination
T.bio.degree user

You're better off digging a well and running the pump on solar

you did the right thing by not putting too much in. what if it had crashed?

nah, i'm an engineer and I went to germany to learn about this new filtertration technology a couple of years ago.

Youre not the only one
I remember trying to mine on a 10 year old thinkpad
Was still too immature to read the technical aspects so I was too easily swayed by distractions etc and didn’t take it seriously

Bought eth at 12 usd though

Stocks, user. Don’t listen to the haters, you can get 40% minimum annual returns if you’re a good picker.

My pick right now is weight watchers (WTW). Great fundamentals with an insane operating margin. I’ve gotten 50% ytd. You’ll of course want to diversify with some index funds and a few other high market cap companies that are doing well, get some CD’s, give yourself an allowance for living costs and live below your means.

Or just get a fucking job, put 50% down on a house on a 15 fixed rate mortgage, and live life easy?

Why not become a miner?

No credit history. I have a bachelors degree in biochemistry but a bachelors degree in science is useless apart from getting a minimum wage job as a lab technician.

I never traded stocks but I did trade forex once when I was in my late teens. I lost $300 and then made $300 and felt it was too close to gambling so I stopped doing it.

I could have bought into the Ethereum IPO but I dismissed it because I felt that $20 million was too big for an IPO. :/

Yeah? What's the tech called? Who sells this stuff? How do they remove things like gasoline other organic volatiles?

show me one publicly traded company with a market cap over $1bil that has just gone tits up stock-wise where you could lose your entire nut in the past 3 decades. You really think stocks are gambling? Maybe penny stocks, but unless you’re psychic or have insider info, those are even worse than the most sketchy of shitcoin, even if they’re listed on nasdaq and aren’t pink slips.

What about GoPro? Great company. Innovative too. Chinese clones are still absolute shit in terms of quality compared to the real thing. But even so their stock price went belly up.

>minimum 40% a year
yeeah user I dont think so. Also I would suggest to stay on the sidelines until we fall into the next recession

t. trader at morgan stanley

Learn stocks. Get a job at an eye glass place that makes their own lenses, they will literally hire you on the spot (assuming you can fake being charismatic and bright for 15 minutes), you'll make more than minimum and have a comfy easy job while you figure out what's next. Then you'll start getting paystubs. In the meantime get yourself a no annual fee credit card. If your parents have good credit, ask them to make you an authorized user on their cards. You will inherit their history on that card then and it will help give you a boost. You dont even need to use their cards, not do they need to even physically give it you when it comes in the mail. Once you have your own card stop using cash. Use your card for everything and pay it off at the end of every month. After 6 months, apply for a better card. One that gives you 2% back on all purchases. If you can get the amazon 5% card, even better. Build your history like this. You'd be dumb to buy a house right now with no credit history..

The only other alternative I can think of is find a property that is worth more than the asking price. For instance a plot of land that's full of trees. If you can afford to hire an environmental consulting company you can have the trees estimated for their logging value. If the property costs less than the logging value of the trees (this does actually happen), then you can go to the bank and use that estimate and the trees as collateral. Then the bank has zero risk and they wont care about your credit. Good luck friend. Get a job though, seriously. Without other supporting income, 120k is literally nothing

He said "if you're good".. you, apparently, are not.

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Dont buy gopro, made a fortune shorting the stock. Nick Woodman is as incompetent as it gets and the competition is fucking gopro over. EPS is still negative.

Yeah you had one or two good trades and think you can outperform the market in the long run. The stock market is completely overvalued and you will be in for a surprise pretty soon.

No worries user I mined and stuff a couple of bitcoins around 2011-2012. Was like 40 in total then I forgot about it, formatted and moved on with my life. Desperately trying to get it back in the last few years.

>one or two good trades
Nigga I make like 10 trades a day. So in the last 90 days, I made almost a thousand trades. So YOU tell me which TWO trades made me rich?
T.SwingTradeMaster

Jesus, the credit score Jewry is fucking disgusting when laid out like that. Literally encforced consumerism

If you don’t participate, you’re pretty much fucked in society

Why don’t poor people riot?

Forgot the screencap
T.BadShitposter

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GET A JOB

It's actually easy and costs nothing. You just hafta play the game. I have no annual fees on any of my cards, never had to pay a nickel in interest, and my credit score is pushing 800. All I did was start young and gave a shit. Got a card at 18. 26 now. Ez perfect credit

Haha you fags have been saying this shit since 2015 with “muh trailing PE ratio higher than the last 3 crash” and such. And I’ve just been lmaoing to the bank.

>accidentally has huge opportunity to set himself up for life
>refuses to use money to start something that will support him for the rest of his life cuz “muh neet life”

Passive income doesn’t exist. You’ll never make more money in crypto and you’ll be broke soon if you don’t figure out how to have your money make money in the real world.

I hate this board cuz everyone’s like “hur just wait for the next bull run hur dur”

If I had 100k or whatever is left after paying CAPITAL GAINS TAX, I’d sign a lease on a small commercial space and sell specialized goods in a retail area.

I’d hit advertising hard and have a website that sold on Amazon prime ($40/month).

From there, you just have to not be an idiot.

So show me the chart if you press that "all" button.

I don't know how US private pensions work

I would put $100k into a house and $20k into a pension (simple index etf product)

This locks in a baseline for your life, you'll be better off than 90% of your age group

Still not comparable to gambling, because you’d at least have a position to hold, and could’ve cut your loss at any point.

Also, it may be moving goalposts, but I meant to also say “company that’s been around for those 3 decades”. Go pro isn’t even around for one. If you bought a fuckhuge company like P&G, you wouldn’t be doing well, sure, but you could easily close your position and buy into a company like Apple and see your wealth grow. This is also ignoring things like dividends, which even if you lose some value, can provide liquidity to make some new investments in promising companies.

Also market cap for GoPro is only 900 million, which doesn’t qualify for my argument.

I traded for 3 months in 2016 and I gambled on a penny stock like an idiot and lost. I stopped trading for two years and just started again. I dont trade penny stocks anymore. I am learning options and I've gotten really good at swing trading and finding gap ups using renko patterns as indicators of reversals. I was straight up gambling when I was playing in 2016, not I'm actually trading with firm buy/sell support and resistance prices before I make a trade.

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You just literally described what it costs. It pretty much forces you to consume otherwise you’re fucked. I’m not talking about service charges, I’m talking about what it has YOU doing

Lol my score is 720 in like one year of having a card. No annual fee, never paid interest, got about $300 in combined rewards, and I didn’t buy a single thing I wouldn’t have just debited cash for
anyway. Interest rates could always go back up to 1980’s rates, and I plan to get a mortgage just as soon as some personal shit pans out.

But you’ll be lmaoing to a different kind of bank when it happens though. The one that hands out beans and rice

Denbury is a good company. Shame about oil plummeting.

Lol so how come you don’t have any money then? Ever thought it might be you who is doing it wrong?

See the post above yours
Poor reading comprehension

Lol I have savings bonds from the 90’s that have matured and are still gaining interest. I’ll just cash those in.

Unless every one of my positions plummets by more than half overnight (they won’t), I’ll be able to cut losses and still come out ahead overall. Then I’ll just buy the dip like I did in 2016.

Consume what? Take a free piece of plastic that they wanna send me? Take free money when I get 2% back on everything I buy? You dont buy food? Or gasoline? Or pay bills? They're literally paying me to use their card on shit I'm already buying. You wanna talk about passive income? I probably spend 40 or 50 thousand bucks a year. 2% of that comes back to my pocket. Shit that I buy from Amazon, I get 5% back on. And amazon just acquired whole foods. Now I can get my groceries shipped to me and get paid for doing so. If you wonder why amazon shares are bulling up towards 2K.. this is why. They are dominating and obliterating other businesses in the process. What's 5% of 50k? $2500 for free? Ez why are you so against credit?

>forces you to consume
>user I just bought groceries/gas and plan on getting a mortgage anyway

Nobody “forced” me to do shit.

Yeah man I'm gonna buy back in when the time is right. I've been listening in on their conference calls and reading their quarterlys, very strong outlook and good investments in their own growth. I seriously hope trump gets a second term. I'm really pleased with how hes beem handling trade and the economy. Anyone who watches CNN will rage at that comment but look at how well our domestic companies and stocks are doing. $CLF is reopening iron ore pellet mines, $AKS is having an influx of demand for domestic steel, domestic oil companies are tapping new wells.. its fucking nuts . A new era

Nah, it is forceful when you consider you end up fucked anally if you have poor credit. You have no choice but to play, you just chose to play with some tactics. You were forced, because if you didn’t, you’d be fucked.

Actually, if you knew how shit my earning power is, you’d know I’d be fucked without credit. Nobody would take a risk on me if they didn’t know I wasn’t a retard with my money. All my friends make about the same as me, and they’re constantly reeeing about not having money, but never think to listen when I tell them how much I manage to keep in my brokerage and savings. They’ll all be renting for the same rate I could get a mortgage now for in 10 years.

What the fuck are you talking man.. and the government forces you to not kill people, does that bother you to?

Look, credit is not a RIGHT, it is a privilege. You want to buy something with money you dont have? You want me to loan you money? Why the fuck should anyone just give YOU money. Who the hell are you? Well maybe if you can prove to me you have income and are a reliable person, I'll loan you some money.. but you gotta pay me back by this date or else I'm adding interest. Why dont we set up a system to track who pays loans back and how much credit they deserve?

Can I make it any simpler or are you literally retarded?

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Lol im phone posting so I’m not going to explain why, it’s a waste of time. But, yeah, the credit score Jewry is pretty much enforced consumerism. It’s a guarantee that X number of people will continue being good consumers. Do you get uncomfortable when you’re referred to as a consumer? Why?

Read your original post, or the post I was replying to. It’s plain enough to see. If you chose not to play, you get fucked. If you chose to play and played poorly, you get fucked. If you chose to play and spend spend spend like a good little wallet? Well, then you get top marks.

You personally might not be encouraged by it to spend frivolously on credit, but Joe Schmoe is. It literally is a guarantee of consumption

buy back in for the next cycle, patiently waiting for the trend reversal now

>forced to play
How about you only buy things you can pay for then you dont hafta play. No ones forcing you to take loans on anything.

That’s what I just said you low Iq imbecile

Read my post again, you cartoon watching man child. No one is talking about getting a loan, but it is common you need good credit to even rent a house. Or, it is only becoming more common. But yeah, poor reading comprehension.

is that whole point credit rating system an American only thing or does it apply globally?
In Germany we have something called the schufa with rates our credit. I always thought that this was the only credit rating that applied to us.

>amazon 5% card
what is that? I have an amazon card but the only thing that this thing has is earning points for every purchase.

That would be great if credit only extended to loan taking, wouldn’t it, genius? But the fact is: it extends further than just borrowing money.

Read a book sometime

Some people have standards on how they spend their life, ok?

Nigga I'm phone posting from a commercial fishing boat in the pacific ocean because I want you to stop for two seconds and try not being a little bitch. Man up, if you got shitty credit, fix it. Its ex. Anyone can do it. And stop whining about it, you dont hafta take a loan if you dont want to. I know I'm a consumer, I already said I spend a fuckton of money each year. I like it I play the game. I got a CMA account at Merrill lynch, a Roth IRA and im fucking around on stocks with my fun money and I have a job where I literally spend $0 for 2/3 of the year cuz I live on a boat at sea that feeds me and houses me. I give zero shits. I'm just trying to get you to man up and stop whining about your life
Just Google it. You need a prime membership if you domt aleeady have one but it's worth it if you use amazon regularly. Free shipping on everything, amazon prime TV, etc

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Here’s how it goes in the right order of ranking (roughly):
>owning a business or otherwise being productive
>being a monk
>having a job
>not having a job but trying to get one
>being a criminal
>being a junkie
>being a rapist junkie alcoholic
>being an animal torturer
>being a murderer or serial killer
>..............
>being a neet who spends all day masturbating to cartoon porn and playing video games

This is the official ranking

>Just Google it

so I did a bit of googling and it turns out you only get the 5% if you live in the USA

Weird.. my id just changed
I gotta get some sleep guys good luck op

I don’t have poor credit, I’m not talking about me specifically or anyone specifically. What the fuck are you talking about?
I’m saying credit is Jewry 100%, because it literally fucking is. My life is fucking great, I am financially independent and if you had bothered to read the thread at all, you would have known as much. Your whole post is literally projection and conjecture. What the fuck are you even saying? I’m speaking generally, about wider society as a whole.
Credit doesn’t just apply to borrowing money, it extends further and can negatively impact someone’s life regardless of whether they want a loan from a bank. Not only that, but if you DONT consume over time (and then pay back on time) to a level they believe deems you worthy of scoring “good” credit, then you can be fucked. If you have no credit history, guess what? You’re just about as fucked. The only option you do have.. is to consume at the level they deem worthy, and if all is smooth sailing, then they won’t fuck your shit up for the foreseeable future by effectively giving you a black spot.

Regardless, you are still forced to play, otherwise you’re fucked.

Don't go for the solar system in the picture, the trees near the small building would shade thr panels..
You need at least 36 x 250W panels to get 25Kw per day into your battery, some sunny days you will produced 40Kw, but on average you need 25Kw a day. and a back up generator is required when you get 3 days when you only generate 10Kw

Test

How does credit affect you outside of borrowing money? The only time credit has ever came up in my entire life is with regarding to borrowing money. If you can pay for it upfront, nobody gives a fuck with your credit score is.

Probably the only possible time credit would come up outside of that is if your going to rent an apartment or something. But that's because your signing a year long contract and paying monthly, which is in essence a loan. If you paid for the entire year upfront, which I've done, they dont care what you're credit is because they have no risk.

Please name for me a single time whe n credit score has impacted anybody who wasnt trying to borrow??

Also why did I get banned a minute ago and why does my I'd keep changing

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Do nothing

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I'd advise you to look for an easy part time job like being a night security guard at a big warehouse/store. That's what I did when I used to be a NEET. You can just walk around or go on your phone all night. I would invest the 120k into stocks like Amazon/nvda/Microsoft ect. Putting it all back in crypto would be too risky for you imo. Then after a few years you should have 240k in stocks then I would cash out half and buy a house. Maybe crypto will grow by then also and you will have even more money, then you could just quit your job and live very frugally off of investments/savings.

Working in your early 20s is OK to get some experience in life. If you still need to be told what to do by the time you're 30, it means you never really grew up and probably never will.

>I will run out of money in 15 years
yeah lets not account for inflation and taxes
you'll be broke within 5 years even if you don't buy the house idiot

here's why:
the trick is to capitalize on human greed so you have enough useful idiots defending the system for you

>what is buying the bitcoin dip and becoming a multi millionaire in 5 years

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>I want to be 100% safe
>I'm unhappy because I could have had over 30 mil

Listen faggot you cant have it both ways.
Playing safe is a valid strategy but if you want more gains you will need to add more risk in the mix.
And like the others said going back into crypto when we start making higher highs again might be the best risk reward oppertunity there is for a pleb like yourself.

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>I can't get a mortgage because I don't have a source of income
This is either a LARP or you're a goddamn monkey-fucking retard.