TheBigBopper
Banned
10k can easily turn into 100k over about 7-8 years or less.
After you get a few grand saved is there really any point to save more?
- Thread starter M617
- Start date
10k can easily turn into 100k over about 7-8 years or less.
Reality
Make your own luck.
It depends on the kind of person you are and if being financially independent (truly financially independent) is important to you.
I've been working for a little over a year now after graduation...about a month in I knew I couldn't do it long term, so I've stashed away ~$12k (half in mutual fund, half in cash that i need to do something with) and started paying down my debt because I hate working for someone else.
It's about a long term vision b. Do you really wanna be slaving away to pad someone else's pockets in your 40s/50s/60s? Like the dude said...you have to have some ambition...idk, maybe you don't, I just don't understand it.
I've been working for a little over a year now after graduation...about a month in I knew I couldn't do it long term, so I've stashed away ~$12k (half in mutual fund, half in cash that i need to do something with) and started paying down my debt because I hate working for someone else.
It's about a long term vision b. Do you really wanna be slaving away to pad someone else's pockets in your 40s/50s/60s? Like the dude said...you have to have some ambition...idk, maybe you don't, I just don't understand it.
U dont have to deprive urself to save money
The question I have for the OP is how much money is "too much" to have in your savings account
The question I have for the OP is how much money is "too much" to have in your savings account
TheBigBopper
Banned
The point of saving is so you can eventually have enough money to point your middle finger upwards and say "fukk you" to your employer. The way I look at it is this--are you really gonna want to work for someone else when you're 45+?
Also, I'm setting aside capital for my investments and an eventual business, because I know once I'm in my 30s, I'll likely be in middle management, and those roles are most vulnerable to layoffs. I need to setup a business by the time I'm 35, and that takes savings and connections to other people's money.
Also, I'm setting aside capital for my investments and an eventual business, because I know once I'm in my 30s, I'll likely be in middle management, and those roles are most vulnerable to layoffs. I need to setup a business by the time I'm 35, and that takes savings and connections to other people's money.
Depends on if you're set on bein just that type of dude.
Muhfuggas just think to the next paycheck
this country is doomed.
this country is doomed.
Majestic Pape
The-Coli = W SOHH = L
I feel you, I have $53,000, and dont know what to do with it.
I got no kids, no girl, 3,200 in debt, and no real plans
PaperEnterprise
It's the inner strength..
Invest so in your late 20s or early 30s u have financial security
beenz
Rap Guerilla
yeah its good to have some bread saved. even if u got a crib. what if u wanna do some renovations? that shyt ain't free. building a fence or replacing a roof ain't cheap either. just cuz u get a crib, doesn't mean thats the end of all ur worries once u have a few G's stacked.
shyt happens bruh
Imagine losing your job w/like 2 paychecks in the bank
Imagine losing your job w/like 2 paychecks in the bank
Majestic Pape
The-Coli = W SOHH = L
shyt happens bruh
Imagine losing your job w/like 2 paychecks in the bank
No need.
*says a based prayer for the breh*No need.
Not to mention who wants to work till they die
U gonna be 75 waking up to go to work like 'man i could really use that $$$$ I blew on jeans and steaks right about now'
Ha i like how all these cats come in here and say working for someone is dumb and you need to start your own business like its just some shyt you do when your bored 
Now we all know most new business's fail and ones that do make it dont even make a profit for like the first 3 years. Can you afford to go without a check for that long breh
If everyone is running there own business who gonna work for you
You cats talking that boss life, whats the name of your biz? I'd like to check it out
Now we all know most new business's fail and ones that do make it dont even make a profit for like the first 3 years. Can you afford to go without a check for that long breh
If everyone is running there own business who gonna work for you
You cats talking that boss life, whats the name of your biz? I'd like to check it out