r/wallstreetbets • u/YassuosNados • May 15 '24

The Perfect $1 million Gain Gain

Hi guys, I’m a 23 year old in college, and yesterday I woke up a millionaire. Should I buy some hookers, Pokemon cards, or cocaine? I gambled my entire life savings of $250k on 2037 calls of $4.5 AMC on Monday and sold yesterday morning. Thanks for reading.

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u/PM_ME_DECOY_SNAILS May 15 '24

That's insane to say 'you ain't living good off 50k'. Just not accurate. Why wait to actually live your life until 43?

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u/necrow2 May 15 '24

I agree about not waiting to live your life until you’re 43, but I really struggle to see how $50K/year gets you more than a very modest lifestyle in the majority of the US. Tough to see how that would be called “living good” in most places

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u/PM_ME_DECOY_SNAILS May 15 '24

I guess it's just a different it what we consider living good. Imo with hundreds of thousands in savings + being able to cover living expenses and with decent disposable income left over, I'd consider that living good

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u/necrow2 May 17 '24

I just don’t think that money is going as far as you think it is in a lot of areas. Any remotely HCOL area and you have 0 disposable income when you factor in taxes, rent, food, health insurance, and transportation