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Started By
Message
1
Posted on 12/21/23 at 9:09 am to fareplay
quote:
Average millineal salary by census is 47k
That’s 3k a month average post tax
Average rent is 1600 for a studio…
Excludes utilities internet phone food healthcare, car, insurance for said car, student loans
Where is this savings?
Nobody is making you spend $1600 a month on rent. I assure you you can live more frugally by some method or another. Move furhter away from town than where you are, rent a smaller place, get roommates, live at home, wahtever. There are dozens of ways you can avoid spending $1600 a month for a place to live.
quote:
Excludes utilities internet phone food healthcare, car, insurance for said car, student loans
how much was that latest iphone? How many times a week ar eyou going out to eat? What kind of car do you have? How new is it and how much are you paying monthly on it?
quote:
Where is this savings?
well if you decide that savings is actually important to you, the savings are everywhere. But if it's just a "eh I guess it'd be cool if I could save more" kinda thing but not a priority then of course it's going to look like there's no options.
Posted on 12/21/23 at 9:11 am to TRUERockyTop
quote:
Both vehicles are paid off. Just put 20% down on our dream house. No debt outside my mortgage and a sizeable nest egg and 401k.
quote:
got the discipline needed to be successful from the Army and used that mindset to keep it going professionally after I got out.
quote:
I'm 33 & thriving.
Yeah I’m going to need a little more proof.
Not saying you’re a liar, but if you joined the military at 18 right out of high school you’re saying that you served at what was for sure a low paying wage, got out, got a job, paid off two cars, and put 20% down on your dream house all with 10 years of working assuming no further education occupying your time.
The timing of this is the one that I’m struggling with unless you started a business right out of the military that is doing very well right now.
This post was edited on 12/21/23 at 9:14 am
Posted on 12/21/23 at 9:12 am to WG_Dawg
This shows how out of touch you are.
When you were 33 how many roommates did you have?
How complex was your automobiles to fix?
How far was your commute?
A phone is a necessity at this stage of the world
Based on what you said , a 33 year old should live in a studio with 2 people, don’t have a phone and therefore email everything, own a 2k car that costs 4K to fix in a month, and commute 2 hours each way
When you were 33 how many roommates did you have?
How complex was your automobiles to fix?
How far was your commute?
A phone is a necessity at this stage of the world
Based on what you said , a 33 year old should live in a studio with 2 people, don’t have a phone and therefore email everything, own a 2k car that costs 4K to fix in a month, and commute 2 hours each way
Posted on 12/21/23 at 9:13 am to fareplay
Very fortunate to have picked up my house before covid and re-financed when rates bottomed out. Got a truck that I purchased new and paid off before prices went through the roof. Feel bad for the guys who I work with that are just a few years my junior that will have to overextend themselves to afford the same things.
On the bottom half of the age range posted in the OP.
On the bottom half of the age range posted in the OP.
Posted on 12/21/23 at 9:13 am to fareplay
Biggest mistake that has slowed down paying off debt progress is buying a new car. I'll never do that again. Always used and preferably cash or as close to all cash as possible.
Posted on 12/21/23 at 9:14 am to fareplay
I'm fortunate to be in a great position rent and income wise.
I've been in the professional workforce for 4ish years now and feel that I've learned enough and made enough connections that finding good paying work won't be an issue.
Got a great group of friends and family, spread out across the country. I get to travel a good bit and enjoy the fruits of my labor.
Most of my savings are going towards 401k and in the stock market as I feel it's a solid low risk option that will put me on the retirement path I want.
Biggest issue in my life is taking the next step, I'd like to buy a house eventually but I don't like the current market prices and lord knows if I ever will. Also trying to figure out a way to gain financial independence quicker and live my life exactly how I want.
I've been in the professional workforce for 4ish years now and feel that I've learned enough and made enough connections that finding good paying work won't be an issue.
Got a great group of friends and family, spread out across the country. I get to travel a good bit and enjoy the fruits of my labor.
Most of my savings are going towards 401k and in the stock market as I feel it's a solid low risk option that will put me on the retirement path I want.
Biggest issue in my life is taking the next step, I'd like to buy a house eventually but I don't like the current market prices and lord knows if I ever will. Also trying to figure out a way to gain financial independence quicker and live my life exactly how I want.
Posted on 12/21/23 at 9:14 am to fareplay
quote:
Average rent is 1600 for a studio…
Millenial baw here. my mortgage is cheaper than $1600. that must suck
Posted on 12/21/23 at 9:15 am to fareplay
It’s this little thing called sacrifice. Us millennials, and especially the generations after us, don’t understand sacrifice, and doing what you HAVE to do. Just gotta cut spending on unnecessary things. It may suck not having Netflix, YouTube TV, or not being able to eat at Chick-fil-a, but you have to separate what you need, and what you want. You can always go work in a plant if you aren’t already, and be able to afford a more expensive lifestyle.
Posted on 12/21/23 at 9:16 am to sta4ever
Bro have you even shopped groceries recently? For a family of 1, it’s almost cheaper to eat shitty fast food or large takeouts portioned out vs cooking at home.
Also $22 for Netflix for entertainment is much cheaper than any alternative in this world. There is no hobby or activity that can beat that
Also most of us share 1 Netflix account so it’s like $6
Also $22 for Netflix for entertainment is much cheaper than any alternative in this world. There is no hobby or activity that can beat that
Also most of us share 1 Netflix account so it’s like $6
This post was edited on 12/21/23 at 9:17 am
Posted on 12/21/23 at 9:16 am to fareplay
We had this discussion at work last month.
Not sure where publications get these numbers.
My city the claimed average is anywhere from $1,700-2,450.
Yet everyone at my work that lives in city is paying under $1,700 for 2 bedrooms. Commuters it’s less.
And I live in “an expensive west coast city”
Not sure where publications get these numbers.
My city the claimed average is anywhere from $1,700-2,450.
Yet everyone at my work that lives in city is paying under $1,700 for 2 bedrooms. Commuters it’s less.
And I live in “an expensive west coast city”
Posted on 12/21/23 at 9:17 am to fareplay
I’m doing well, bought my house 5 years ago before the market went crazy, it’s 20% of my bring home salary. That’s my only debt, both cars paid off. Living very comfortable. We can generally go do whatever whenever we want within reason. Got 2 kids that are my biggest expense with their activities.
Posted on 12/21/23 at 9:17 am to fareplay
I’m in your age group with 6 houses and not a dime from my folks. We had a solid decade+ of cheap housing to buy.
Military paid for my school.
Have kids as well
Military paid for my school.
Have kids as well
Posted on 12/21/23 at 9:17 am to fareplay
quote:
For a family of 1, it’s almost cheaper to eat shitty fast food or large takeouts portioned out vs cooking at home.
then you don’t know what you’re doing
Posted on 12/21/23 at 9:17 am to fareplay
There are plenty of jobs that pay well into 6 figures and are accessible
But they require actual work and hours which is poopoo for most folks
But they require actual work and hours which is poopoo for most folks
Posted on 12/21/23 at 9:18 am to fareplay
. Stfu man. Read a book or 3. Life is on east mode for us.
This post was edited on 12/21/23 at 9:19 am
Posted on 12/21/23 at 9:18 am to lsugorilla
Where do you find 2 bedrooms for 1700? Can’t even find that outskirts of Dallas
Posted on 12/21/23 at 9:19 am to fareplay
The thought of buying a house right now is pretty scary.
Right now I pay $1700 in rent. To buy a decent house, I'll be looking at $2000-$2300 in mortgage + insurance.. I'll be damned if I have to pay 50% of my net income just to pay a house note. How does one save any fricking money doing that?
Right now I pay $1700 in rent. To buy a decent house, I'll be looking at $2000-$2300 in mortgage + insurance.. I'll be damned if I have to pay 50% of my net income just to pay a house note. How does one save any fricking money doing that?
Posted on 12/21/23 at 9:20 am to fareplay
quote:
Bro have you even shopped groceries recently? For a family of 1, it’s almost cheaper to eat shitty fast food or large takeouts portioned out vs cooking at home.
Lolwut?
Dinners for 4 that can be made for ~$10-15:
Red beans
Roast and gravy
Spaghetti
Gumbo
Jambalaya
Just buy whatever cut of meat is on sale and go from there
Posted on 12/21/23 at 9:20 am to fareplay
quote:That isn’t remotely true.
Bro have you even shopped groceries recently? For a family of 1, it’s almost cheaper to eat shitty fast food or large takeouts portioned out vs cooking at home.
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