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Started By
Message
"If You Have Savings In Your 20s, You’re Doing Something Wrong"
Posted on 9/16/15 at 11:10 pm
Posted on 9/16/15 at 11:10 pm
LINK
This is the dumbest article I have ever read. Let me know how that works out for you when you lose your job or get sick.
This is the dumbest article I have ever read. Let me know how that works out for you when you lose your job or get sick.
quote:
Your 20s are not the time to save; they’re the time to gamble. $200 a month isn’t going to make the dent that a $60,000 pay raise will after spending all those nights out networking.
This post was edited on 9/16/15 at 11:12 pm
30
Posted on 9/16/15 at 11:12 pm to JabarkusRussell
I will
Posted on 9/16/15 at 11:13 pm to JabarkusRussell
I am in my 20s and save a tremendous amount. I can also afford to buy a ticket to Tokyo and jump on a plane first thing tomorrow if it was something that interested me.
ETA: I use this as only an example to say savings enables the opportunity for experiences.
ETA: I use this as only an example to say savings enables the opportunity for experiences.
This post was edited on 9/16/15 at 11:34 pm
Posted on 9/16/15 at 11:14 pm to lynxcat
And here comes all of the 25 yr old multimillionaires of the OT!
Posted on 9/16/15 at 11:14 pm to JabarkusRussell
Agree. Friend needs shoulder surgery. Hi-deduct plan of $7000 then 80-20 split.
He has saved grand total of $4500. He is having to take out a loan of $6000 at 9.65%. He is lucky he doesn't have to take a payday loan at over 25%.
He has saved grand total of $4500. He is having to take out a loan of $6000 at 9.65%. He is lucky he doesn't have to take a payday loan at over 25%.
Posted on 9/16/15 at 11:15 pm to JabarkusRussell
yeah, lets not have a safety net of money... 
Posted on 9/16/15 at 11:17 pm to lynxcat
quote:
When you care about your 401k, your life is just “k”
Posted on 9/16/15 at 11:18 pm to biglego
I don't care if I make more or less money than you. Im not interested in grading success in life by my bank statement.
Money is security and opens up doors to experiences. It doesn't have to define a person.
Money is security and opens up doors to experiences. It doesn't have to define a person.
This post was edited on 9/16/15 at 11:20 pm
Posted on 9/16/15 at 11:18 pm to lynxcat
This is the bio for the author. Doesn't surprise me.
Lauren Martin is a Senior Lifestyle Writer at Elite Daily. After graduating from PSU, she moved to NYC to write fart jokes at Smosh Magazine. Making her way to ED, she now writes riveting commentary on nude pics, condoms and first dates.
Lauren Martin is a Senior Lifestyle Writer at Elite Daily. After graduating from PSU, she moved to NYC to write fart jokes at Smosh Magazine. Making her way to ED, she now writes riveting commentary on nude pics, condoms and first dates.
Posted on 9/16/15 at 11:19 pm to JabarkusRussell
That website is the absolute worst. I always see the most annoying people from high school share those Elite Daily articles on Facebook.
Posted on 9/16/15 at 11:23 pm to JabarkusRussell
The comments are pretty much unanimously destroying the article.
Posted on 9/16/15 at 11:24 pm to JabarkusRussell
i didn't read the article but based on your OP i understand the point he is trying to make.... when you are young you can afford to Gamble/invest your money more so then when you are 40 and married with kids.
You don't become wealthy by saving... you become wealthy by investing. And there is no better time to start than when you are a young adult.
You don't become wealthy by saving... you become wealthy by investing. And there is no better time to start than when you are a young adult.
Posted on 9/16/15 at 11:25 pm to JabarkusRussell
quote:
nights out networking
Is that what it's called these days?
Posted on 9/16/15 at 11:29 pm to The Boat
quote:That is how they justify their partying and laziness.
Is that what it's called these days?
They consider interacting with people in bars and clubs to be "networking".
Posted on 9/16/15 at 11:32 pm to Scruffy
Going out for drinks with colleagues or meeting someone for lunch is networking. $200 of partying is not.
Posted on 9/16/15 at 11:43 pm to JabarkusRussell
Americans live to work, and Europeans work to live. I refuse to wait until retirement to enjoy the fruits of my labor. If you're always saving for a rainy day, all you're going to have are rainy days.
Posted on 9/16/15 at 11:45 pm to Scruffy
quote:since when do you need to "justify" partying?
That is how they justify their partying and laziness.
Posted on 9/16/15 at 11:48 pm to JabarkusRussell
Never understood why people are so hung up on the accumulation of money. Life is for living - spend your money. You can't take it with you. I'll start saving for my golden years when I hit 55. Must suck to be poor.
Posted on 9/16/15 at 11:50 pm to GreatLakesTiger24
quote:When you gots no moneys.
since when do you need to "justify" partying?
Posted on 9/16/15 at 11:51 pm to GreatLakesTiger24
quote:
since when do you need to "justify" partying?
do you realize the country/society we live in today? Everything must be justified and your actions/decisions must satisfy everyone else in the society.
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