Im 22, serious question...is there a way i could make enough money to retire by 30 and live off of it until im 90? Like there has to be something if i invest in would make me not need to work anymore.

📌

Nothing legal i guess.

Google frugalism

may be not in the age of 30 but at 42 :)

You're asking for a way to make over $4M($6M to account poorly for inflation), on top of your normal expenses, in eight years. No, there is no conventional means to achieve that. The only way to accomplish that would be to increase your annual income to about $1.3M, or come into a windfall that gets you $6M after taxes.

Yeah right, as if any one of us would still be here if they knew the answer to your question.
Stop dreaming for miracles to happen and get to work. Odds are, if you do things right, you might just get lucky.

Apart from hitting the lottery jackpot or being born rich, the main way to become rich is to let other people work for you and not pay them as much as their work is worth.

If you have a thousand employees and pay each of them just $500 less than what they produce is worth, then you make $500000 per month.

The problem is of course coming up with an idea what to produce and coordinating the employees to do exactly that.

In that example, assuming say $3000 per employee, plus your $500, that's $3.6 mio per month, plus buildings or machines, so let's say $6 mio per month that you need to sell stuff for.

drugs.
human organs trade

Organized crime. This lands you in prison, maybe until you are 90.
In a way, this is 'living off of it', right?

I assume you are developer(or a fresher developer like me, I am 21 yrs old).
If you are good at programming then you can do freelance work(make some projects for local bodies like shops, startups, make personal apps and add ad-ware to it etc). You can even sell mini projects to final year college students who are wealthy and lazy to make projects. You can involve freshers or your friends on very less stipend to do internship for this stuff.
If you have great soft skills and good at managment you can do consultancy work/ can do teaching stuff.
If you already have job and have good earnings then cut expenses and start investing in stocks/bonds/real estates etc it will pay you off in long term.

Yes if you have enough money

Hahahahahahhahahahahaha.

I mean... 📌

@ruhe But don't they have to do laundry and stuff in there?

@ShotgunSurgeon they can't be forced I guess
What are they gonna do? Put you in jail again?

Learn how money works and how the economy works. You will never become rich working for someone else.

Instead, become an excellent trader, invest a large amount of capital, find anazing trades, and don't make many mistakes. It's possible, but only if you know exactly what you are doing and are exceptionally lucky.

Or win the lottery, I suppose. But the overwhelming majority of lottery winners can't manage money, especially when suddenly inundated with it, and so are almost always broke within a few years. Learning how money works (and learning how to use it) is the single most important thing you can do.

r/personalfinance

Marry smart

@endor success is not luck

Forex and/or stocks, start small, learn and you'll get there. Plenty of resources out there.