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re: Great YT video "How the US Is Destroying Young People’s Future"

Posted on 5/6/24 at 1:28 pm to
Posted by SidewalkTiger
Midwest, USA
Member since Dec 2019
53491 posts
Posted on 5/6/24 at 1:28 pm to
I'm 30 and made less than $50k for most of my 20's, am debt free outside of my mortgage. Did not receive any outside help.

Owe roughly $100k on a 3 bd, 2 ba, 1400 sq ft house that was built in 2018, just my wife and I.

What saved me was making good decisions, staying away from car payments, and getting married a little later (27). Also, don't have any kids yet.

I think there is merit to both arguments, it is definitely harder in ways than it was for previous generations but I think there is a path for success though still, you just have to be smart and look for it.

The average kid these days isn't very intelligent, blame their parents for that.

A person can make good money these days if they're just flexible, smart, and reliable, that is an advantage to living in the current times, the workforce sucks so bad that you can standout by just doing the little things right.

Posted by poochie
Houma, la
Member since Apr 2007
6438 posts
Posted on 5/6/24 at 1:37 pm to
quote:

A person can make good money these days if they're just flexible, smart, and reliable, that is an advantage to living in the current times, the workforce sucks so bad that you can standout by just doing the little things right.


i would even remove smart from this. If you're flexible and reliable, you can do well. If you're flexible and reliable, you don't have to worry about anything discussed in this thread. Add smart to that and you can do whatever you want.
Posted by bayoubengals88
LA
Member since Sep 2007
19270 posts
Posted on 5/6/24 at 6:41 pm to
quote:

I'm 30 and made less than $50k for most of my 20's, am debt free outside of my mortgage. Did not receive any outside help. Owe roughly $100k on a 3 bd, 2 ba, 1400 sq ft house that was built in 2018, just my wife and I. What saved me was making good decisions, staying away from car payments, and getting married a little later (27). Also, don't have any kids yet. I think there is merit to both arguments, it is definitely harder in ways than it was for previous generations but I think there is a path for success though still, you just have to be smart and look for it. The average kid these days isn't very intelligent, blame their parents for that. A person can make good money these days if they're just flexible, smart, and reliable, that is an advantage to living in the current times, the workforce sucks so bad that you can standout by just doing the little things right.


I can relate.
Got married at 30.
We were feeling pretty financially optimistic and were even able to travel a good bit before kids.

Kids are a totally different story. Though I’ve got a slightly higher paying job, my wife is not able to work as much (no longer full time), but damn the insurance premiums and just the general costs associated with having two under 2.

That being said, I firmly believe that kids are what we were made for. To say they are a tremendous blessing is an understatement. But damn, the US makes it one hell of a sacrifice!
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