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Started By
Message
re: Recommended emergency fund amount in months/years
Posted on 3/23/23 at 8:16 am to themasterpater
Posted on 3/23/23 at 8:16 am to themasterpater
Women’s suffrage and it’s consequences have been a disaster for the human race
1
Posted on 3/23/23 at 9:33 am to el Gaucho
Wow
Posted on 3/23/23 at 9:51 am to el Gaucho
quote:
A millenial puts $100 in an index fund in 2005
Today it’s worth $12
My 401k was $20k in 2005.
Today it is $500k.
Tomato. Tomahto.
History isn't an indicator of future reality. But history says the 401k will be $3.6M in 2035.
I got a late start on my 401k' so I was trying to pump close to 20% to hit that $100k mark as young as possible. No one said it would he easy. We'd go camping instead of resorting. I drive a beater that is worse than what my teenagers bought for themselves.
I don't pay more than I have to for things.
Posted on 3/23/23 at 9:59 am to meansonny
quote:
hit that $100k mark
What’s the significance of this mark compared with another amount?
Posted on 3/23/23 at 10:05 am to Paul Allen
None. Other than me needing something of value to compound growth.
It was an easy goal to visualize.
I was 23 with no retirement. 3 years later, I had about $20k as just something I should do since I had matching.
At 25, I was married and thinking of opportunity lost by being in the workforce 5 years with only $20k to show for it.
It was an easy goal to visualize.
I was 23 with no retirement. 3 years later, I had about $20k as just something I should do since I had matching.
At 25, I was married and thinking of opportunity lost by being in the workforce 5 years with only $20k to show for it.
Posted on 3/23/23 at 10:44 am to meansonny
Idk man I think I’m done with stocks until AT comes back
I’m just not gonna worry about retirement because it’s so far away and I don’t think our financial system is gonna hold up that long.
I’m just not gonna worry about retirement because it’s so far away and I don’t think our financial system is gonna hold up that long.
Posted on 3/23/23 at 1:16 pm to el Gaucho
quote:
AT
What is this?
Posted on 3/23/23 at 1:54 pm to meansonny
quote:
At 25, I was married and thinking of opportunity lost by being in the workforce 5 years with only $20k to show for it.
I promise you were already waaaaay ahead of most 25 year olds
Posted on 3/23/23 at 2:02 pm to themasterpater
quote:
What is this?
Ancient Tiger
He was a natural born stock picker, the greatest of all time
He was leading us to the promised land til the Pharisees around here had him crucified
ETA: since I’m getting downvoted for speaking the truth I’m Finna do the AT prayer
Our picker, who art in Mississippi, hallowed be his name
And to the republic for which he stands, one nation under zom, intsnpable, with cbbt and hmbl for all
This post was edited on 3/23/23 at 2:43 pm
Posted on 3/23/23 at 3:26 pm to el Gaucho
El Gaucho, you are gold in so many ways, yet doodoo in so many other ways.
Posted on 3/23/23 at 4:07 pm to msutiger
quote:
I promise you were already waaaaay ahead of most 25 year olds
That was about 2.5 years of taking the company match (and nothing more).
I know that not every 23 year old is in a corporate environment with a company match. But given the match, it is ignorance to not take the free money.
Posted on 3/23/23 at 6:04 pm to themasterpater
You were asking me what industry I’m in
I work in the field field as a tax picker
I work in the field field as a tax picker
Posted on 3/23/23 at 6:20 pm to el Gaucho
quote:
I’m just not gonna worry about retirement because it’s so far away and I don’t think our financial system is gonna hold up that long.
We will be commie by then
Posted on 3/24/23 at 12:36 pm to el Gaucho
quote:
field field as a tax picker
What?
Posted on 3/24/23 at 4:21 pm to el Gaucho
quote:
Short term? Stay liquid
Long term? Invest in yourself. Take some cash and put it into something where you can run a cash side hustle. If you need a car now buy it rather than deal with unreliable transportation hurting your ability to make a living. Inflation is going to stay rampant.
Our lives will be harder than our parents’ were
quote:
el Gaucho
This is a far more serious post than I'm accustomed to reading from el Gaucho.
This post was edited on 3/24/23 at 4:23 pm
Posted on 3/24/23 at 5:39 pm to themasterpater
Unemployment stats only include people actively looking for work. So there’s that
Posted on 3/24/23 at 6:16 pm to ArkBengal
So how do they measure who is or isn't looking for work?
Posted on 3/24/23 at 11:00 pm to themasterpater
Example: Report weekly on job searches not submitted or if benefits expire. Think you are removed from “active seekers” then. Maybe more, but rest assured there are a lot of people who fall into the void and aren’t counted in the stats
Posted on 3/24/23 at 11:17 pm to meansonny
quote:
My 401k was $20k in 2005.
Today it is $500k.
Tomato. Tomahto.
History isn't an indicator of future reality. But history says the 401k will be $3.6M in 2035.
Can you walk me through this math?
This post was edited on 3/24/23 at 11:18 pm
Posted on 3/25/23 at 7:12 am to GeorgeTheGreek
I'm doubling 401k every 29 to 45 months. I didn't save my work, but I may have rounded up to doubling every 50 months.
I've been tracking since 2010.
I've been tracking since 2010.
This post was edited on 3/25/23 at 7:15 am
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