I'm college educated with no savings and just over $700 in my checking.
You?
I'm college educated with no savings and just over $700 in my checking.
You?
I prefer to keep a $1000/per bottled fart ratio. It keeps my portfolio flatulent. Maybe fake Dave aka Flaggy would like to chime in.
Any good American should have about $50k in savings but a $600 mortgage they will never pay off.
Lebron James had over 300 million at 28 @nd he didn't even go to college. Any less would be a failure.
The only thing funny is that yall think you're funny
To the OP,
The average 28 year old should have at least ~$5,000 I'd wager. Anythihng less indicates poor spending
losers alert wrote:
The only thing funny is that yall think you're funny
Nothing funny about being a financial failure.
I'm sorry, but if you're in your late 20s and don't have any savings by now you're either (a) an idiot or (b) suffering from some sort of hardship
just another millenial wrote:
I'm college educated with no savings and just over $700 in my checking.
You?
If you're not in debt you're better off than 99% of your fellow college graduates. You can't have "savings" when you're stomach deep in student loan debt.
I'm 25. I have roughly $7,500 saved up with all of my loans paid off. I may as well have $700, though, because you can't do anything with $7,500 besides dip into it when your car breaks down or something.
The only friends I have around your age that have money saved up are completely miserable, working crazy hours at jobs they hate. They're both unhealthy from all the stress and lack of sleep, and chances are they'll both end up just blowing the money on a down payment for a house anyway.
You don't have to put in the full amount right away...but put as much as you are comfortable with.
In a couple of years, start putting in the FULL amount..
I started putting in the full amount...somewhere around your current age..maybe a few years older...but close.
You WILL NOT believe how fast your life will go..
You are 28 now, tomorrow you will be 57..
That's when I had to retire because my wife was dying...and I had to retire to take care of her..
My IRA really came through..
I did find out that living in retirement is MUCH cheaper..
Not sure why....
I do have my mandatory boring days.....you have to budget and mandatory boring days are a must until you hit Social Security age..
Im 60 now.
Start saving NOW.......
just another millenial wrote:
I'm college educated with no savings and just over $700 in my checking.
You?
The amount of money that it takes to pay a sufficient number of escorts to get you through a dry spell.
If you have more than $0, you're in better shape than the average American.
you mean more than -$10,000 which is the average household debt
im 28 and i have over 200K in savings plus investment
i didnt go to college
its not how much money you earn. its what you do with it!
john9090 wrote:
im 28 and i have over 200K in savings plus investment
You have 200k not invested? Sitting in a bank account?
john9090 wrote:
im 28 and i have over 200K in savings plus investment
i didnt go to college
its not how much money you earn. its what you do with it!
Totally this.
Most people would be better off getting into a skilled trade or some such thing and not going into debt, getting experience and becoming very employable.
This "most people" excludes people with the minds to be successful scientists, doctors, nurses, accountants, lawyers etc.
Obviously some people will still excel with a communications major, but most would have been better off getting in the door with a contractor or something.
I'm 45. I have a $500k house paid for. I have about $600k in IRA, and about $75k cash. Unfortunately I work in an industry that pays well, and has frequent layoffs. If I lost my job tomorrow my $75k would dwindle quickly. On paper I seem to have quite a bit but I'm stressed about my finances every day. The guy who said your life goes fast is spot on. Enjoy your life, live below your means and put money away for when you need it. Fancy shit doesn't make you happy.
Have money feel poor wrote:
I'm 45. I have a $500k house paid for. I have about $600k in IRA, and about $75k cash. Unfortunately I work in an industry that pays well, and has frequent layoffs. If I lost my job tomorrow my $75k would dwindle quickly. On paper I seem to have quite a bit but I'm stressed about my finances every day. The guy who said your life goes fast is spot on. Enjoy your life, live below your means and put money away for when you need it. Fancy shit doesn't make you happy.
Cool story bro. 45 is a synonym for 28, right?
yes.
i dont know what do to with it!
If you're an average 28 yr old you probably my had at least $100k in debt at age 23. If you were smart you really buckled down and paid that off in five years, leaving you with virtually zero savings today. If you're this person you're in great shape because between now and age 50 you will save a lot of money and then be able to evaluate what you want to do moving forward.
If you're a foolish 28 year old you've whittled that $100k in debt down to about $90k at this point, and also have zero savings or 401k. You drive a $50k car and live in an aprtment that's far too expensive. You will save virtually nothing between now and age 50, and are an average American worker.
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