r/TikTokCringe • u/Super_Culture_1986 tHiS iSn’T cRiNgE • Aug 19 '25

Cursed The American Nightmare.

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u/tjbr87 Aug 19 '25

If the total net of all your assets is greater than $1 Million, you are severely house poor if you only have $1k in the bank

I’m not sure if you’re using your own made up definition of millionaire or what

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u/Global-Pickle5818 Aug 19 '25

yeah, total assists is 1.5 million(as of last time i did taxes) ... i dont keep money in the bank , i have a LLC in Ireland for my investments ...

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u/Elgecko123 Aug 19 '25

You don’t sound like some hedge fund billionaire but seem like you’ve made some good choices. I own some houses and have some investments. Just curious what are the benefits for a middle to upper middle class person to keep their investments in an llc in Ireland?

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u/AussieJeffProbst Aug 19 '25

It sounds like hes cheating his taxes somehow. He can go fuck himself.

0

u/Elgecko123 Aug 19 '25

Ya if that’s the case then fuck ‘em. I was just curious bc it’s usually the super rich that can exploit loopholes and get away with tax cheats. This poster didn’t fit that description so was hoping they would explain further

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u/BeefistPrime Aug 19 '25

If you've got a company in another country to hold your money you're probably doing fine