By 30 you should have a mortgage and be making 70k+

[notPsychosiz]

Don't aspire to be rich, or famous, or powerful. Merely aspire to be happy.
If those things make you happy then fine. But often times people do not think things thru to determine the simplest route to what it is they desire.

If your goal is to travel and see the world, you can spend decades to try and accumulate the funds to do so... or you can bypass this altogether by simply getting a job as a flight attendant, as an example.

The richest person I ever met was a legit billionaire. He owns the Detroit Red Wings and some other stuff like Little Ceasers pizza.
He didn't seem at all happier than me by any extent of the imagination. He didn't seem unhappy per se... but he wasnt smiling ear to ear merely because he was super rich.

On the other hand, the happiest person I ever met was this mentally challenged dude out in Vegas.
He was watching the fountain in front of this hotel do a water show and he was going nuts.

So...

 

[Goat poster]

if your parents didnt take steps to help you get there then they dont need to say anything about you

This.
Some parent have nerve to not have equipped thier kids with certain advantages, yet expect their kids to turn piss into wine.

When will people learn that rich/well off people do things completely different in life.

 

[beenz]

not in california

bay area jobs also pay 2 times as much as they do here tho.

 

[Kuwka_Atcha_Ratcha]

you're in canada, and shyt is ass-backwards there.

average price of a house here is like $220K.

220k is super cheap where im from n everyone I know purchased homes by 25

 

[beenz]

220k is super cheap where im from n everyone I know purchased homes by 25

u live in europe, so what you're talking about doesn't apply to the united states.

 

[beenz]

I got hired by AT&T when I was 21-22 in 2008 that way

walked in, dropped off a resume, manager called me for an interview like 3 weeks later

was making $60-65k a year my first year with full benefits


I think a lot of the reasons it doesnt work now a days is cause people just come in and drop off resumes, and dont ask for managers. They just drop it off to some random employee Gotta ask for manager, and of course theyll give you the cookie cutter response "you gotta apply online" or "our store isnt hiring but other stores are". But if you physically give them a resume it could help your chances

for most jobs, you don't even know who the manager is, or if the job that you're applying to is in the same place as the office where you might be dropping your resume off. sounds like you had a stroke of good luck, but that is hardly the norm when it comes to applying for jobs.

 

[BlackBall]

I'm 28 and making more than that. Started work at 21, got my degree on scholarships so never had student loans

• No mortgage debt or any hard/ illiquid assets besides a car that i was lucky enough to pay off very quickly. I dont plan on staying in this country past my 30th bday so need for illiquid assets
• I currently live at my mom's crib - sometimes puts thots who dont know our area well but there is more than enough rooms and privacy that it would be stupid for me to pay rent elsewhere
• No long term relationships or children - they get too expensive quickly. Ive learned with girls in the past
• I don't do clubs anymore or places where broke young people go to stunt on other broke and young people. If liquo, redbull or a meal has a >50% margin on it, you wont see me at that place ever again - Keeps cash in my pocket. I don't work stressful days and sometimes late nights to only to throw my earnings away
• Only issue I have is the high tax rate (41% marginal and 39.87% effective) and retirement savings (15% of gross) but its out of my control
• 70% of my take home pay and bonuses go to my brokerage account and mutual fund. Some of them havent performed as much as i would like but i prefer to be invested in something for the long term

 

[Mr. Jack Napier]

I know right. I remember in the early 2000's my moms was telling me I needed to walk into offices and apply for jobs in person so they could put a name with a face. I told her that wasn't even feasible then. it certainly isn't feasible now.

Fam, I had the same situation with my mother when I first graduated back in 2007. It took me a long time to even find something in retail.

I'm making just about 60k a year (at top pay), but I lucked out because I landed a city job with benefits. It's very rough out here for people to even make 50k with a degree.

 

[kickz]

Depends where you live, salary adjusts city to city.

 

[C-Styles]

Your parents just want you in debt and stuck in one city like them. Basically they want you to fall in the race line and be a good rat

I stopped taking most older's people advice when I got life gems like "just go to college, it doesn't matter how much it costs or that you don't know what you wanna do yet, just go" and "you're 24 now, when you gonna have some kids"

Basically, the average person is dumb as fukk and should be ignored.

CO F*CKIN SIGN THIS!!! and then when you do have kids and a mortgage and struggling like a mothaf*ck, where they at???! who's bright idea was it huh??

I don't why it's implemented in people's heads that they automatically gotta do this, it's like bowing down and BEGGING to be in debt when you ain't ready for all that sh*t! and here's a gem, there is nothing wrong with not having any kids and not getting married, basically you're telling everyone, "hey here's a bright idea, i don't want to be in debt and i'm good the way i am, i'm not gonna f*ck myself over with money i don't have over some "TRADITION" you guys are brainwashed for" Maybe at 40-50 everything turns out better for me and i'll take that step, how bout that huh?

Don't get in debt over unnecessary sh*t yall.

 

[Charlie Hustle]

Making 70k and up is a great goal. Purchasing power is important. Depending on the area that you live in 70k won't go far.

Getting a mortgage will add to your purchasing power. However, you should consider if you want to be locked down and/or have the flexibility and knowledge to rent out a home.

 

[Kano]

By 30 you should be financially stable, well travelled and happy bro.

 

[At30wecashout]

My name is so relevant:blacknerdlost:

 

[Dave24]

Yea, technology is going to rape the masses when it comes to the job market. Including people in STEM. It's funny when I hear people talmbout "I'm in STEM so I'll eat forever."

I try to contain my because they don't even consider the fact that their job has them working on technology that will eventually replace them. They pay you $100K to work on technology that will generate hundreds of millions of dollars for their firm. And said technology will eventually replace you since it can do your job much more efficiently than you without salary, without sick leave, without HR, etc.

Technology has crippled a portion of the retail sector already...think what Amazon has done to bookstores. And will only continue to do so. I use to walk into a bank and see 10-12 people working a regular sized, neighborhood bank. Five tellers. Two customer service reps. Licensed Rep to sell financial instruments and insurance. Assistant branch manager. Branch manager.

Now, most people don't even step inside a bank because everything is direct deposited. No paper checks anymore. No need to write checks, everything can be paid online. Insurance can be bought online with easy quotes that take two minutes. Scottrade and others have taken the middle man out of buying stocks, bonds and mutual funds. And with much less foot traffic, having two managers is redundant.

So now I walk into a bank, and what do I see? I see maybe 4-5 people. Two tellers. One customer service rep. A Licensed Rep who rotates between branches, so he's only there when he has an appointment. And one manager. And this has happened across the country no matter if it's Wells Fargo, TD or whatever other bank. And that's not even talking about online banking that offers better rates and most, if not all, of the services any retail bank does.

So, that's 5-7 jobs gone at every retail bank across the country. And that's only one example from retail banking. The same is being done right now at supermarkets and retail chains such as Target, Wal-mart and Walgreens with self-checkout lines. Fast food restaurants are gearing up for self-checkout lines. On and on.

Now, somebody is going to read that and say "well, those are low end retail jobs, so that won't affect me." The hell it won't. Those are the easiest to automate, so that's where the market will start. But many middle income jobs and fields will be swept up the same down the line. An example being that they're working on a underground subway-type train that will go from NYC to LA in 30 minutes.

Now, think about how many flight attendants and pilots are going to be done when people can go between the two largest hubs in the United States in 30 minutes without even stepping on a plane? And what's next after that? NYC to Chicago in 10? NYC to Miami in 15?

Then think about all the horizontal and vertical integration affects that go along with that. Airports get less traffic and cut jobs. Luggage sales go down and luggage manufacturers cut jobs. Companies that the airplane food receive less orders and cut jobs. Clothing manufacturers that make uniforms for the pilots/flight attendants receive less orders and cut jobs. On and on and on.

Technology will continue to be a gift and will become an even bigger curse.

Peace

What career/job do you have? What career should people pursue? Your post is sort of depressing considering where I'm at in life:

I'm 30 years old and am unemployed/broke. I only have 30 dollars in my savings account. I live with my mother and I graduated this past December with a two year degree in Business Management. I have 60,000 in student loan debt I have to pay back as well.

 

[Bless't]

Don't aspire to be rich, or famous, or powerful. Merely aspire to be happy.
If those things make you happy then fine. But often times people do not think things thru to determine the simplest route to what it is they desire.

If your goal is to travel and see the world, you can spend decades to try and accumulate the funds to do so... or you can bypass this altogether by simply getting a job as a flight attendant, as an example.

The richest person I ever met was a legit billionaire. He owns the Detroit Red Wings and some other stuff like Little Ceasers pizza.
He didn't seem at all happier than me by any extent of the imagination. He didn't seem unhappy per se... but he wasnt smiling ear to ear merely because he was super rich.

On the other hand, the happiest person I ever met was this mentally challenged dude out in Vegas.
He was watching the fountain in front of this hotel do a water show and he was going nuts.

So...

Great post. Truthful, wise AND funny.