HOw to 4 million ples share

See those boot straps? Reach down and give ‘em a pull!

Actually I’ve got no idea lol

All in on Elon and bezos :pokerface:

Should have been born richer. Maybe next time.

Just get a better spawn point next time.

$4m for a strata FeelsBadMan

Real life re-rolling the RNG

Barring winning the lottery, you have to increase your risk tolerance when it comes to investing.

The old adage, "Higher the risk, higher the reward" holds true.

Most people aren't educated or experienced enough to be successful in finding the right risk-reward play. That's why most people you know don't have a $4M house.

To get a $4M house you would need an investment that requires leverage/margin, so the easiest would be with options trading (but lowest probability), and the more reasonable way (with the best probability) would be with real estate investing and a 20-year timeline.


It's actually crazy to think about how much you need to afford a $4M house. The "safest-riskiest" investment I can think of is BTC. But, let's say you could invest $100k into BTC, even if BTC 10x, you would only have $1M, which is just barely the down-payment, then you would probably need like a $40k/month mortgage after all of that... lol it's just stupid to think about it.

^ you forgot to say you need to have money to make money… even if you’re risk adverse who has $100k sitting around to YOLO on BTC

It takes generations for that kind of wealth. You can either have rich parents, win the lottery, or develop an app that has about as much chance of success as winning the lottery. Where do you think out of those options that 99.9% of people living here in 4 million dollar houses (in our age range) got there with?

Yea I don't think it's possible, even if you are some director or doctor that makes $500k you probably net like $250? You will probably be saddled with debt to get there or be at least 40 by then. You probably won't have the down payment till like 50?

Well I’m doing alright on my own, but I only have a condo… and a car collection… but I won’t have any real money until I inherit it from my daddy… and he was not like a crazy earner in his working days either, he just got to buy a house for 2 years worth of annual salary ($140k for the house they still live in, which is worth over $2.5M now even though it’s kind of a dump) and then save a few million or so after paying off his mortgage just being a tightwad plus sell my grandmas place when she passed.

Can’t imagine what he’d be worth if he’d had ANY foresight into buying second or third or seventh properties when he easily could have in the mid 90’s!!!

I doubt there's any way you can intentionally put yourself into the position to be able to buy a $4M house on your own. Even if you're incredibly smart I'm not aware of any career path that will definitely take you to that kind of income. There's the odd person whose business takes off or they get lucky investing, but that's still down to outside forces that you can't control/guarantee. And for every 1 guy that it happens to, 99 end up broke.

It's really quite sad. You have a condo and a car collection and like you said you feel like you're only doing just okay. Being in a major city is tough.

I know friends who will likely never get out of the rat race. They'll never own a home and their financial portfolio will never break $100k. I really don't know how they're going to retire.

What even classifies as middle class nowadays? Seems nowadays middle class worth = early 2000s upper class

30% of your household gross income on mortgage/rent used to be pretty "normal working class" 20 years ago. Now if you can get away with 30% these days I would call you middle class. Most people are doing 50-70% now.

If people are at 70% that’s basically 100% of after tax income, so the only option at that point is to just die.

https://www150.statcan.gc.ca/t1/tbl1...pid=1110024001
https://www.statista.com/statistics/...vel-of-income/

Depending on how you define it it's $30-80k in individual income (roughly the middle half). Average is $47k, median is $36k (good god).

You can probably reasonably assume a middle class household (2 earners) is around $80-100k.

I agree that few are actually as far as 70% but you'd be surprised at how many people can barely afford to eat while paying rent and bills these days, it's crazy (thinking more of Vancouver and less of the burbs)

A Vancouverites vision of middle-class is different from the reality of all of Canada. I think it's somewhere on the lines of owning property, basic corolla / crv, able to eat and go out while still worrying about money and getting a good deal. But the cost of doing this Vancouver is probably 2x the rest of canada.


Just over a year and a half ago, my housing costs was close to 52% of my after-tax income and I had like < $1,000 after downpayment lol.

When it comes to income especially, I never take the average as there's too many outliers. Median income is a more realistic number to judge the average person by.

Our housing costs are realistically over 50% of our income. Right at this moment it's not yet because it hasn't hit trigger rate, but we plan to raise our payments after paying property taxes to match the increase in rates.

I should clarify my car collection in total probably amounts to a 1 brand new BMW in value lol

And that's with values of 90's and 00's vehicles being wildly inflated in the past year.

I am definitely leaning heavily toward making a run somewhere else as I get a bit older...

So less like This

https://i.ytimg.com/vi/zfNC7_TS0sU/maxresdefault.jpg

And more like this

https://i0.wp.com/www.curbsideclassi...9-003-1200.jpg

Shit I dunno all that wood is $$$$$$$