[Life Advice for 18-30] How to Get Stupidly Wealthy

It's hilarious how all those guys appear together to comment here

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I need to update the human centipede of Black Hat World, they always appear to protect each other, exchange likes between them, validate themselves, inflate reaction counter and regurgitate the garbage. Strange place
 
It's hilarious how all those guys appear together to comment here

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I need to update the human centipede of Black Hat World, they always appear to protect each other, exchange likes between them, validate themselves, inflate reaction counter and regurgitate the garbage. Strange place
Someone please throw an Oscar to this guy XD
 
Wow, this is quite the different place than what it used to be in 2013, but I guess so was the internet. And the people that could access it.

SUPER different.

In the old days I'd share this kind of stuff and get some great engagement. People would chat back and forth about success and mindset.

Today, it's like I've just walked into an "eat the rich" protest. I feel so out of place.

I miss the old bhw. :-( The world has changed though. The world in 2026 is not the world in 2016.
 
is vanguard and the S&P 500 both are different sir?

s&p 500 is the index that tracks the top 500 companies in the stockmarket. VOO is just the etf that vanguard creates to let you buy that easily.

You buy $1k of voo, and you're basically investing in the top 500 companies including dividends. Super simple low fee way of just compounding 8-12% over the next 20 years. About 10-11% over 40-50 years.
 
For example I am from germany and my monthly salary is like $2500 usd how can i compound with this much money

It's like after all expenses i am left with $1000 monthly can you please guide sir should i put $1000 in voo etf

But I don't know where to buy and how to buy
 
For example I am from germany and my monthly salary is like $2500 usd how can i compound with this much money

It's like after all expenses i am left with $1000 monthly can you please guide sir should i put $1000 in voo etf

But I don't know where to buy and how to buy

The more you can save the better. If it means living with your parents for 10 years for example do it.

You just need to do it for 10 years and you set yourself up for life.

If you do $1k/mo for 10 years your setup looks like:

year 10: $189k in portfolio.

At this point, you can stop adding. Just bank all your salary and start living.

Year 20: $449k in portfolio. At this point you can take 2% loans. It's not much, but it's $13.5k per year. But if you're mid 20's now, then this is when you're 55, so you're still working and have an extra $1k/mo.

year 30: Your principle is $1m - Your yearly loans are $31k.

It's not much, but it's $3k/mo for doing nothing. Decent retirement.

It compounds quickly from here though.

year 35: You can start to take 4% loans at this point. You're probably mid 60's. You have a good 20-25 years of great life left if you took care of yourself.

With 4% you've got $65k/year at year 35

$100k/year at 40, then by year 43-44 you'd reduce to 3% as you're approaching LTV of 40%.

It's decent. You give up $1k/mo of lifestyle spending for 10 years when you're young, in exchange for age 55+ having increasing tax free monthly amounts until you die. Your 60's, 70s and 80's would be relaxing, travelling, spending time with friends. A good life.

The technique works to get wealthy, and it works to just have a comfortable life. Depends how much you bank.
 
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