How much money's should a man my age have?

OnlyGround
96

go high yield money market, nothing wrong with a 5% gain on doing nothing.

1 Like
97

This?

98

Nope. It was a Short, not a full video, around 30 sec long. Girl was blonde with hair that wasn’t short, normal looking instead of wokish. Mom was also normal looking, not fat or Karenish.

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99

At age 37? I’d assume it’s closer to 1% than 10%

100

Inflation is 8% because thats what my savings average. Mortgage is 2%.

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101

Nope jamie said thats just inflation. Better in a pillow case under your bed…
Ashley Olsen Eye Roll GIF by Filmeditor

2 Likes
102

It’s easy, just put away 50+% of your net pay.

Mr Rogers Clown GIF

4 Likes
103

Our gov does that for us, for a nickle on every dollar when we turn 65.

104

While I agree, tying up money for the small return I would get, just doesn’t seem worth it. There’s a point where that’s not the case, but I’m not at it

105

Im trying to save as much as possible but i need an investment guy

106

you millanials are messed up.

I can never imagine having $0 dollars in a bank account at that age. I started saving ever since I was 18 because of fear of going broke and not having money to support myself. As a teenager, my dad stopped buying me stuff when he flat out told me I need to pay for shit and thats when I started saving and working.

4 Likes
107

That’s exactly what I’ve done!

I said I put a tidy sum aside in another account. Only I spent all my regular money from my current account.

108

A couple of thousand is not enough

2 Likes
109

at least you would be keeping up with inflation, not losing purchasing power

110

Under your pillow case is worse than inflation.

But yes the market gains are a better indicator than some retarded CPI figure.

This is just basic economic theory… Modern economic policy pushes inflation into asset price inflation. CPI figures dont capture this…

The amount of money it takes to buy an asset is the best indicator of its value though.

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111

If you have an investment account or even a Roth IRA just dump everything excess into it. Let it make money. If you want your money back you can touch everything you put in and nothing you’ve increased without penalty.

So I think you use a CC for points, be disciplined with it but get your bills on it, pay it off, dump the rest in investments. Want a vacation? Ask your investor for money back to pay your credit card off. You’ll have it in 2 days, 1 days to sell and 1 day for the money to go through.

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112

That’s fundamentally not true.

S&P gains more than the rate of inflation and individual stocks do as well

Come on now

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113

No, thats the rate of real inflation.

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114

I already said it but i mean it… Value of money should be tied to its ability to purchase an asset not CPI.

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115

This is the majority here in San Diego

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