Git some gifted golden/white gold ring, i think its worth 1500
Really basic, generic guideline. At your age there should be no revolving debt other than a mortgage and have enough accessible cash to cover necessary expenses for a year if you were to lose your primary income source.
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currently on stage 2 of this kinda, left a well paying corporate gig to start a construction co thn covid hit, moved into IT hated it now back into the original industry
About 400 dollards in retirement savings and a paid off home. Can be done, hang in there OP harder you work the luckier you get 100%
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Less than 3% of people have that at 37. Probably less than 10% at 60. People have no where near the amount of money that most people would lead you to believe. Money is all concentrated at the top.
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Lack of discipline combined with a delusional sense of entitlement
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Thatās absolutely the case. People take lines of credit on their house to buy a car or go to the beach. Itās dumber than shit
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Basically what Harlem is saying isā¦ get your shine box, then get another bigger box to live in.
100+k at 37 is essentially the top 1% of the population.
Nobody with a family/home/car/expenses etc is saving 50+% net.
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STop wasting it on tobacco and alcohol to start with. Head down to your local Mosque theyll help you start up with advantages.
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The whole debt-to-earn paradigm is a Yid trap for all. Never a borrower or a lender be, and DONT worry about credit score, do your shit for cash. If you dont earn enough, you donāt deserve it.
I donāt disagree but the idea you should try and achieve what average person has is silly. Im already in top couple percent of earningsā¦ Should i just stop and go on vacation for half the year every year?
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I saw a video where this teenager got her first bill from her new credit card and was confused as to why she had to pay. Her mom told her that no she hasnāt paid for the stuff she bought yet and thatās why sheās getting the statement from the cc company saying she owes this much money. She the told her mom that she already paid for the stuff listed on the cc statement by using the cc when she bought them so why is the statement saying that she hasnāt paid for them. That stumped the mom and she couldnāt figure it out.
This is the problem with the latest two generations.
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Im starting from scratch again at 37.
Im thinking of going to my bank and talking to someone about future planning and what not.
Shits rough son
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Lol thats not a generational problem thats an IQ problem.
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IQ of the current younger generations.
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Be aggressive if youre starting at this age.
Like i said save/invest 50% of net.
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That level of stupidity is not common lol.
Can we see the vid? Iām 50/50 on youāve made this up / the vid is an obvious fake made to foster rage vs itās legit
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Itās not how much you have now at 37. Itās how much you will need / want to retire and when that is
Find out how much that number is and work backwards with a simple investment calculator. That will tell you how much you need to āinvestā (not save) every month to reach your retirement goals.
This is on top of your monthly expenses etc.
My advice is to not have a huge nest of savings. Have a line of credit for an emergency. Instead take the savings and invest it
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