I have to pay nearly a grand soon for works being done to my vehicle. My current bank account was empty, since I am unemployed and have living off of that since I lost my last job.
I have an ISA account at the same bank I put a few grand in (for a rainy day). I had to take this grand out from there. So I was disappoint I had to dip into my savings.
I’m 37years old. This got me wondering how much would you guys consider an appropraite amount for someone to have put asside.
Youre still doing better than me lol.
how you sitting on guns and gold? or shit your a brit right?
More than zero, dude.
I have next to nothing too and am the same age as you. I’m sure plenty will chime in with their millions in the bank. I have no one to blame but myself. I’ve always put short term pleasure ahead of long term stability.
Don’t worry about it. You’re just down right now. Things will get better. I can ask if we’re looking for hands next year for nuke outages if you’re interested.
Maybe you should be a bouncer in a dive bar or teach dancing
The only money I waste is on tobacco and alcohol. I don’t get any form of takeaways or pay for wasteful things.
On the job hunt as we speak!
If this helps, 8 years ago, when I was well past 40, I was dead broke. Now I have tree fiddy.
being broke happens man. treasure your hunger for the feasting to come.
This. Maaaaan have I been down. Even flat busted as an adult. Remember it. Don’t make the same mistakes.
yeah i hold on to those times at the grocery outlet where i had ten bucks to figure out food for two for the whole day. made a lot of pork loin stew with baby carrots in the crock pot. now i never shop without thinking about those days. and it makes me grateful.
Ive done retirement savings calculators and its like whats the point, I will never retire unless I get a bunch of unexpected money. Besides an emergency fund there is no point, its all over for me.
Best thing you can do in my opinion is find a job with a company match in a 401k savings. I was lucky enough to start one about 10 years ago. I put 16 percent of my paycheck in pre tax, and the company I work for matches 8 percent.
My account has 200,000 dollars in it right now and I’m 36 years old. If your willing to put money away you can accumulate a decent amount pretty quickly. The best part of putting away as much as you can pre tax, is that it’s going into an account accuring interest instead of going to the Government.
Good luck brotha.
I was not kidding about being broke before. Didn’t have to be, long story involving quitting a decent job and then having a bad run finding another.
But eventually I did. It wasn’t great pay but it got my foot back in the door and motivated me to be less lazy.
That was 3 jobs ago. Kept moving on and up. Now things are way better than i thought possible. But I do have to hurry things up if I want to not have to do 9 to 5 for someone else until age 65 or 70. You can dooo eeeet
Best of luck OP, put your headcdown and make it happen. There is something for you
My company does 50% max up to 6% of paycheck. It sucks though because I am in a heavily tipped position and make minumim wage from the company. My 401k after one year is 1500. I only need 1000 more years to retire.
49, 1.5 in the bank, not enough to stop working.
I read some real estate books but dont have the funds to start, I just cant seem to ever figure anything out to get to the next level! Maybe im lowkey retarded.
