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

[KingTut]

Your parents must not understand much about economics.

 

[PrnzHakeem]

You failed out of school on your folks dime and moved back home. They can tell you anything they want.

If you don't like it, move out and stand on ya own.

 

[Buckeye Fever]

You can get into a home with a 500 credit score while making $25k a year if you don't have too much debt. Look into FHA loans if you're looking to buy home but think you wouldn't qualify.

What is an FHA Loan? - Complete Guide to FHA Loans | Zillow

 

[MarloStanTrill]

this is not true. ya'll need to get in the real world outside the 6/6/6 folks on the coli.

most people DON'T make 70K a year.

as for a mortgage, you can get one making 30K a year if you can get approved.

you can get ANYTHING *IF* youre approved

 

[MarloStanTrill]

How true is this statement? My parents keep insinuating that I am bum because I lack those things.

whats so magical about 70k???

I make half that and its never enuff-- but u know whats funny?

when I made half of what i make now, it was never enuff-- Now i make twice as much nothing changes-- you make more you spend more end of the day if you not famous or wealthy in this country you're a wage slave and it really dont matter--

 

[beenz]

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.

you got that much debt for an associates degree???? were you at a for profit college or some shyt? u could have went to community college for next to nothing and got the same degree.

 

[Spence]

Had a mortgage by age 23 and Im 31 now

Paper game aint right yet since I had to put wife through college but we should be there by next year. Combined we make a healthy amount over that $70k mark though.

Money down here in Texas goes a lot further than other places.

 

[Truefan31]

Strive to get more money while avoiding debt. Don't get a house unless you're really ready. If you can't buy it outright then at the least do a 15 year fixed with a healthy down payment and then try to pay it off asap.

 

[iceberg_is_on_fire]

I live in Indiana and make above that myself but I had to go to Chicago to make it as I commute by train. It's all about being comfortable fam. What did you go to school for, if you did? What is your current gameplan/hustle/job?

 

[Truefan31]

Don't do it it's not worth it.

 

[patscorpio]

when i was 30 i was making around 70K but i had no mortgage..paid rent for a junior 1 bedroom apt..over 1000 a month

 

[Deflatedhoopdreams]

traditional mortgages are 30 years... so at 30 you buy your first house, by 60 it is paid off. If you don't have any retirment, at least social security will sustain you IF your house is paid off and you have no bills.

This nikka said social security . That shyt gonna be long gone in 30 years.

I got these two pensions(IBEW & NECA).

 

[Anbesa]

I'm 25 and just got my first real job months ago. Making 47k but working 50 hrs. I honestly didn't know if I was average or not as far as salary for my age. All my friends are either still in school or working bum jobs. This thread kinda puts shyt in persepctive. I'm in a good position to get a raise to 62k soon so I should be eating well.

 

[beenz]

This nikka said social security . That shyt gonna be long gone in 30 years.

I got these two pensions(IBEW & NECA).

that fukking ponzi scheme social security that most of us are paying into is some horseshyt. it doesn't have enough people paying in to it compared to who is receiving the money. I wish I could opt outta that bullshyt.

 

[Kuwka_Atcha_Ratcha]

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

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.

this is bullshyt, ive had a mortgage since I was 20, first house made me 70k profit within 2 years, and my second is almost paid off. people who talk like you are typical renters