When did you guys realize most people have little to no savings. How do they live like this
When did you guys realize most people have little to no savings. How do they live like this
When did you guys realize most people have little to no savings. How do they live like this
How much do you have?
Like 75k cash
>How do they live like this
They get sad when they have to spend $10 more than they thought they would. Couples have fights over sums of money as small as $100. They think $10,000 is a lot of money.
DCA it into crypto
Yeah I feel like clown world is about to go full speed I guess it’s time to take the crypto plunge
Dude if you listen to these retards you will be as poor as the normies with no savings. Wait like 6 months for fuck sake. You are too late for this recent move and people are desperate to sell at pumped up prices. You waited this long, what's another 6 months? If you absolutely must buy something, scoop up some penny stocks like FOBI or VSBY. Crypto is very much still in a bear market. Bull markets are characterized my moves of +170% per day, not 70% per week. Listen to me and protect your capital. Wait for sellers to get impatient and buy at a 50-80% discount from current prices.
If OP didn't buy 6 months ago what makes you think he will wait 6 months? He's a FOMO buyer, nothing will save him.
Crypto is still an emerging market I like to wait and see
You'll definitely FOMO later
Yeah my wife gets very worried when food scalates in price, my wage is actually lower than hers but that doesnt happen to me so I guess is a mindset more than anything
I can tell she's a fat fuck
DCA into RIDE you mean?
>Like 75k cash
Most people live paycheck to paycheck. Most people are 75K in debt, not have 75K savings.
Excuse my autism read the first post as if he's asking how much the average person has
Credit card debt.
They fight and scream and spit and bite when they don't get their way in every other walk of life
See: unions, HR, pensions & benefits, middle management, etc
it's not really that big a deal when you have solid cashflow (ie salary from job). it's incredibly easy to make money in America so even if your cash flow is disrupted you can replace it at at least 50% without any effort at all and in most cases you can replace it 100% within a few months. Further, the typical American owns assets and goods that can be sold off to cover living expenses for probably two months, plus has access to credit that can carry them for several more months.
The average normie is a complete retard. They would gladly spend the last $500 in their bank account on weed, alcohol, and concert tickets then complain about how they have no money and end up paying rent 2 weeks late. Most of these people are also too retarded to realize they should get a weekend job if their spending habits don’t slow down
Most homeowners are house poor. They spend all their money on the house and bills
This is cope.
My grandparents were factory works and bought a house for $8,000
Its now valued at $4 million dollars after decades of gentrification
I do their shopping for them (theyre in their 90s) and they have 300k cash in the bank, They literally have spent FUCK ALL on their house over the decades.
>R*ddit spacing
Fuck off and never post again, homosexual.
I love being rich.
And PEPE will make me even richer.
You are getting rekt. RIDE is the best investment choice atm
What's the average person's savings in the UK and USA?
But the thing is, they seem way happier than people who do.
I barely live like this. I've wanted to die for years but can't kill myself. I think this planet is a godless hellscape and you're all shitstains that deserve to die.
Thats the onoy way to do it without cashflow. Be angry. That anger prevents me from becoming a slave at least.
a long time ago
it still blows my mind
the amount of debt most people are in just defies belief
debt is slavery but slaves don't see it as anything weird because they're slaves, so it's just natural for them
obviously i mean personal retard debt
most people who are not even poor don't understand the amazing potential of business credit, again because they're just drone slaves
it's literally impossible to be poor in america unless you're seriously disabled or extaordinarily mentally ill ... i know burger millionaires who functionally can't read or write or even speak in grammatically correct sentences and that never held them back in any way
I grossly overpaid for my education and massively regret it. I did get an OK job out of it, but it only pays 66K a year, 47K after taxes + withheld pay. Rent + amenities takes up 13K a year, so really it's 34K that I make annually. Not counting any medical emergencies or food expenses. I have about 136K left in student loan debt, but now they're only government loans, so I can do the lowest payment or apply for forbearance in the worst case scenario. This gives me a bit more breathing room to save money.
I've been DCA'ing my second paycheck and savings into Bitcoin hoping it can get me out of debt. I feel pretty much fucked at this point and I'm afraid of making any major purchases in my life that I can't outright pay off right away (no payment plans, no credit card debt, no loans). I don't have a lot in savings right now since I cap it at $1,000. My spend/checking I cap between $2,500 - $3,200, which helps cover most expenses and emergencies. Anything else goes into crypto. Debt is hell.
>I can't outright pay off right away (no payment plans, no credit card debt, no loans)
I agree with this but with a difference - loans can be useful because of the whole concept of opportunity cost, which is why people make more money using loans (correctly) than not. My thesis is to only get a loan when I could pay off the amount in full with cash/short-term liquid holdings. E.g. what's the most expensive car I could get a loan for? Only how much I have in cash and short-term stocks, no more. Then I invest the money I saved by not buying outright.
lol you fell for the college meme! 137k debt lmfao
I invested most of my money on XOR a while back when it touched floor, I'm pretty glad it's pumping because I'm saving money for a card that maybe I'll buy with a XOR card
I don't care what other people do with their lives.
YOLO
idk
Most people have no impulse control. They can't keep a dollar in their pocket, if they have money, they blow it on something. Anything. Whatever they want or is readily to hand.
First office job I got, one of the more senior guys there would show up early. He loved to talk, and so just from sitting around and listening to him yak and complain in the mornings I heard that despite making six figures (so did his wife I think) he was always out of cash by the end of the month. He complained about money quite a bit actually. But him, his wife, and their two kids had the latest-model iThings on some multi-hundred-dollar unlimited-everything plan. All-inclusive cable and streaming stuff. They leased two new SUVs every three years, had a McMansion in some trendy area. Bunch of credit-card debt. He spent like fifteen bucks a day getting lunch. He was downright astonished when he found out I drove a ten-year-old Honda, and legitimately didn't understand why I wouldn't go right out and get the fanciest car I could get approved for.
Lifestyle inflation is a huge thing. The moment you stop giving a shit about keeping up with the Joneses you're ahead of like three-quarters of America.
If you have more than $5000 in savings you're wealthier than most americans and europeans
Let that sink in
>i have $5000 in cash
>i live in a tent on land i don't own
>i shit in a bucket
>i collect welfare and work off the books
>i don't have access to a shower
>i don't have a car
>i don't have a bed
>i eat MREs, convenience store slop, or ramen
>but i have more liquid cash than most people!
lmao, sounds real "wealthy"
let's be real, Booniqua livin on dat gubmint cheddah got da blang blang, fresh whip on payments with 0 down, section 8, free housing, childcare, no income tax, TANF, SNAP, WIC, LIHEAP (pays your utility bills), Medicaid, and disability is TRULY richer than the average american cause she doesn't have to work for any of it
>i have $5000 in cash
>i live in a tent on land i don't own
Literally nobody
Now fuck off
No one is fucking off Rasheed
YOLO bro
Savings are for pussies
My savings are for holoride. Pussy comes later
I always used to think people who lived paycheck to paycheck just simply got unlucky and never got a good job. Used to always think to myself, "Man they'd have their shit together if they had at least a $60,000 job."
Well, I've come to learn that's simply not true. I've seen broke high school retards and broke 50 year old men. All sorts of incomes in between with the exact same result: destitute poverty.
Why? Very simple. They never pay themselves first, they never downsize on the unimportant shit, and they never invest. It's a triple combo, and it kills you very very quickly. Very easy fixes - your income rarely matters - just simply keep more of what you make and achieve some sort of net compounding return on it.
These people, they go out every weekend. They eat overpriced food, they visit overpriced clubs, they talk to overpriced women, they buy cars left and right. It's insane, these people are addicted to debt - bad debt. They buy club memberships, subscriptions, equipment they don't need, anything. Expensive vacations, expensive "experiences" - gosh there's a place next to me that "certifies" you in scuba diving if you shell out like $400. Why can't you just... go scuba diving? Nah, gotta pay some israelite to hand you a piece of paper.
Don't even get me started on the, "Investing in Yourself (tm)" thing that these corporate dronetypes seem to love. Buy a certification that says you can code, buy one that says you can be a plumber, buy one that says you can teach aquatic yoga. Fuck it. Buy a 4 year degree in homoerotic art therapy.
You can't really ever help these people. They have to help themselves first. And by God, they're gonna need a lot of self help.
On the flip side, they're getting real resources used on them and enjoy the luxuries provided by the diligent workers for imaginary requirements of repayment, while you work hard and live like a peon to make your banks excel spreadsheet number go up
Frankly I still spend like a bit of a degenerate and still shovel away 480/mo, 650/mo for student loans, and then I probably shovel away another 400 into my 401k. Hard to believe all things considered since I know people who make more than me and still can't even do that.
I only have 10k in savings, 10k in physical gold & silver, and half a bitcoin. Even with my meager savings im doing much better than a lot of Americans right now.
I can’t help but feel like this is some sort of psyop to make people feel better about their meager savings. There’s no way in fuck someone can be in their 30’s and have anything less than 10k unless they’re a total fuck up.
Go and talk to the average person
Anon, a substantial portion of the population is functionally illiterate. Half are also women who think some man will swoop in and solve all their problems.
Most people are financially illiterate and can't into savings.They Must buy the latest gadget and newest pair of nikees. consumerism ruined them
yeah I know that's why I live with my parents, worked 2 years and got 22k, basically I didn't do shit, everything while boozing and doing drugs (not coke cuz it's golem drug), so basically now I want to go full tax evasion if I can because in Italy we wont see any pension so I'd be better off becoming a trader as a hobby