re: Can anyone here admit that a lot of hardworking young people are fricked?

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I’m nurse so I make a decent living but most of the check goes to rent and bills don’t know how some baws do it! Thankful to be where I am tho!

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It's a journey not a sprint. Most of the "baws that are doing it" aren't really doing it they are portraying an image and are in debt up to their ears. They have things, experiences, and a shite ton of debt but they don't have any wealth.

I highly recommend reading the Millionaire Next Door!

If you ask your older colleagues and family members they will likely give you advice on what worked for them and what didn't work. From the various bits of advice you get, figure out what works best for you and develop your plan.

You will also realize that we all struggled when we first started out and somehow over time figured out how to make it work. No matter how much money you make you are going to feel financial stress because your lifestyle will slowly increase to match your income. Well that and life happens!

Here are some of mine:

1) Pay yourself first. Put however much you can afford into your 401 (K) or IRA. At a minimum put in as much that is required to maximize your employer match. Assuming you're 25 investing $5,000 a year for the next 40 years and you will retire with around $1.6MM with an annualized 9% ROI. If you wait until you get ahead to start saving for retirement then you will never find the right time to start and you will always be behind.

2) Put some money away each month for your rainy day fund.

3) Stay away from credit cards 20+% interest will add up real quick.

4a) Once you can afford it buy a house. Don't try to time the market. Once you are ready own a home go get the most house you can afford. You are better off putting your money into an appreciating asset than giving someone else your money to pay off their asset.

4b) Once you get married the dual income will significantly reduce your financial stress until you have kids. Then it starts over and your priorities will shift.

5) As you gain experience you will become more valuable and will see increases in pay to reflect your experience.

6) Look at your profession and figure out what are the highest paying jobs in your field. Pick the one that interests you the most and fits the lifestyle you want and develop a plan to get you qualified for that position or field. You may have to get additional education for professional growth such as becoming a PA, nurse practitioner or a nurse anesthetist.

You called me “granny clutch” I challenged a race. I thought that would be fair.

Don’t be a pussy Lemmy

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The decline of stable marriages is also not helping. A lot of folks are staying single and trying to hack it on their own these days.

Dual income with someone you trust is a huge plus.

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There’s been a trickle-down effect of the erosion of successful marriages in the US that has impacted society.

More Kids raised in poverty, many more boys raised in single parent homes where they (on average) are not as well-equipped to be men.

In addition, economically, after divorce, the chance of kids getting wealth passed on is minimized because the family income is split to maintain separate households.

If I’d have been divorced when all of my kids were minors, it is highly unlikely that my financial situation would be as good as it presently is.

That general effect has removed wealth that otherwise would have been passed down from the pockets of two or three of the last generations.

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Even well established older baws are feeling the strain these days. Now imagine you have no built up wealth, and are just starting out.

And before y’all pretend to be “welders who knew better”, let’s not act like almost everyone on this board didn’t go to LSU with a business degree or similar back in the day.

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Everyone can succeed even in today's times. Everyone could find a way to get rich in 1950's Soviet Russia...if you were clever, ruthless, smart enough.

The question is, are the conditions for success for the average Joe 5'9 white dude with 100 IQ in 2025 to get a house in a white neighborhood, a wife, 3 kids, and a dog...AS OPTIMAL as it was in 1985 or 1995 or 2005? No its not.

Has reckless government spending, bailouts, and policy shifted wealth from the middle class to the upper class over the past 40 years...absolutely

Has the culture shifted in a way to shaft young white men to prop up everyone else....absolutely

Has the affordability of a home in a white neighborhood near a job center shot up relative to previous years? Absolutely

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These company man jobs dont exist anymore

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They haven't existed since the 80s at least. This is not Japan, you don't want "salaryman" existence.

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150th job application

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Maybe move to a metro area with a job market.

I refuse to admit that hard working young people exist anymore.

This movie was made in 1987. What Gordan is saying is nothing new. True back then and true today. Face reality of human nature.

The problem with Gordan is it was never enough and that’s the point of the movie but not the point I’m trying to get across.

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1) Pay yourself first.

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Great advice. It's my golden rule.

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who is 40k in student debt

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That's his own fault.

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on his 150th job application.

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Maybe get some help writing a better resume` or take the hint that his job field is so saturated that he should have trained for a better career field.