76% of Americans living paycheck to paycheck

newarkhiphop

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So, how come there always a mob scene for when the new Jordans comes out:mjpls:


:yes: and the clubs and bars are FULL every weekend , there is always money for fukkery but never money for the future or emergencys , again it goes back my main point about most people being horrible with the way they management there money, i would dare to say if you take those 76% and DOUBLE how much money there making you would have close to same rate living pay check to pay check , look at how fast people that win the lotto go broke again.

I still remember the first time i learned how to properly do a budget wasn't til college i was like :ohhh: like why the fukk they aint teach me this in H.S instead of fukking 2x +4 =8 ( B +6) bullshyt :damn:
 

Wild self

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:yes: and the clubs and bars are FULL every weekend , there is always money for fukkery but never money for the future or emergencys , again it goes back my main point about most people being horrible with the way they management there money, i would dare to say if you take those 76% and DOUBLE how much money there making you would have close to same rate living pay check to pay check , look at how fast people that win the lotto go broke again.

I still remember the first time i learned how to properly do a budget wasn't til college i was like :ohhh: like why the fukk they aint teach me this in H.S instead of fukking 2x +4 =8 ( B +6) bullshyt :damn:

They want you to keep you in debt. Too many people believe that they have to work to death and never live life for the sake of some money to buy a few shiny objects to impress their peers.
 

BlvdBrawler

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:heh:
I dont think anyone in here is below the poverty line...

... and more than a few(myself included) are doing quite well I'm sure.


That's not what he means.

I haven't read the rest of the responses yet but I think I remember that dude equating not living paycheck to paycheck meaning you never have to work again in your life.

Basically, if you're not retired, he thinks you're living paycheck to paycheck.
 

tru_m.a.c

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:yes: and the clubs and bars are FULL every weekend , there is always money for fukkery but never money for the future or emergencys , again it goes back my main point about most people being horrible with the way they management there money, i would dare to say if you take those 76% and DOUBLE how much money there making you would have close to same rate living pay check to pay check , look at how fast people that win the lotto go broke again.

I still remember the first time i learned how to properly do a budget wasn't til college i was like :ohhh: like why the fukk they aint teach me this in H.S instead of fukking 2x +4 =8 ( B +6) bullshyt :damn:

because again, it is not the job of a school to teach you how to budget

it is the job of your family. the. end.
 

Malta

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Now who else wanna fukk with Hollywood Court?
excellent observation


Fam, when I went to Brazil and left my job, people that knew me acted like I had just killed someone. They basically couldn't even fathom why someone would just be out and take some time off, my mindset was "You got the rest of your life to work it away".
 
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in order to escape survival mode with paycheck for paycheck, you need goals

Ask yourself why am I going to work?

Pay for house
pay car note

well, instead of paying a mortgage, or paying rent to some land lord who is also relying on to pay rent so they can live
you need to pay cash for shelter, depending how much money you have or can save.

Problem is people don't want to grind hard when necessary.

If you have shytty job this is what you do, you can still be rich you just need to stack

Cash out a trailer home you can find these for around 5 grand
now you don't have to worry about rent no matter how broke you get, you're defeated one enemy
the next on his the whip, instead of breaking your back paying a car note that cripples your ability to stack, and also causes you stress, look for charity car dealerships, they usually have very cheap cars with new engines, these places are designed for people who need reliable transportation but can't afford it, I'll sell cars like this if you want.

Now you got two big things out the way for good, shelter and transportation.

Now it's time for food, you can stock food supplies for basically free, churches, focus hope they give away can goods, bread, and produce all the time you just have to look around locally, or go to the district court find out where the people serving community service go to hand out the food. One day doing this should have you set every month.

So your not homeless, you can move around, and you're not starving. It's time to stack

If you can go an entire month with spending a pay check, no matter how much you make at your job, you will be on your way to financial freedom.

First thing you need to do is establish some credit, take 500 dollars to the credit union and get a secured loan.
Then take that 500 to another credit union or bank and do the same thing, and then take that 500 to another.

Now you have established 3 Tradelines on your credit report, make sure you be these on time, don't pay them off early, just pay them on time, once you do you will have credit.

Now that have you credit don't go fukk up doing nikka shyt

Instead you sell the charity car you had first brought or give it away to a family member in need

go back to your credit union and apply for an auto loan, it doesn't matter how much they qualify for
just buy a used car with the check the give you, it will be an upgrade from you charity car but inexpensive
monthly.

Once again pay this on time, and you will established an auto tradeline expanding your credit profile.

Now you've been working your shytty job for about two years now, but you've accomplished a lot
remember that month's pay you put in the hole, time to put it to use.
Go online, look up the Sheriff's sales in your county, go to the auction early, and bid only with that amount of money.
You will end up winning a home, if your savvy or lucky you might come up on a prize.
Now by simply paying the back taxes, you are the proud owner of a home free and clear.

Put an ad up to rent your trailer out, do not sell it, because you need the cash flow to supplement the income your getting from your job, or if you wanna be hardcore grinder like myself, rent the house out and stay in the trailer.

I'll tell some more later, I'm tired
 

CrimsonTider

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100% truth.

Even if that was the case, I'd be willing to bet that someone making $200,000 living paycheck to paycheck and someone making $24,000 living paycheck to paycheck are living entirely different type of lives.

I tried to explain to people like @Rawtid
Wh said someone making 40k and living frugal is living better than someone making 100k and living paycheck to paycheck

The main problem is people don't treat themselves like a business. More coming in than going out. But like someone else said in this thread, people's money management skills are awful. People are brainwashed into thinking going into debt is "normal".
This is nonsense

Businesses dont save money

They spend and spend
That's not what he means.

I haven't read the rest of the responses yet but I think I remember that dude equating not living paycheck to paycheck meaning you never have to work again in your life.

Basically, if you're not retired, he thinks you're living paycheck to paycheck.
No.

The definition of living paycheck to paycheck is not being able to meet your financial obligations when you become unemployed

That's a majority here of people in this site.
 

Rawtid

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@CrimsonTider What I said was a person making $40k, with money to save/invest every month is doing better than the person making $100k living paycheck to paycheck. This is over a period of time.
 

Rawtid

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How are they doing better?
A person constantly saving money is always doing better than a person that isn't, imo. Now if you're comparing "lifestyle", yes a person making $100k may have a bigger/better house or better clothing but that doesn't mean a person making $40k can't ever have that.
 

Street Knowledge

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