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

Based Lord Zedd

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I don't want to own a home. At least not yet. Aside from personally not being ready to settle down, my job could also end up having opportunities in different countries/areas of the country.

I know renting can be seen as a waste but I'd rather waste that money instead of being locked to one place. I'll pay that cost.
 

King Poetic

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If you black, don't believe that shyt. Especially in 2016

Older blacks from the steel mill and auto industry was getting good money and pensions back in the day with no education and they assume u should be in that position....

First off, mortgage companies are raping minorities left and right ( ie wells Fargo ) , many jobs required u to have experience plus a degree which majority of blacks don't have and then u have the cost of living to worried about....

The way technology is today and the way companies are trying to save money it's going to get harder to find a job paying $60,000 if u got your shyt together
 

h2o_proof

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So here's the deal with progressive parenting that kinda fukks up their perspective on current reality. Their success changes the game dramatically, and it will be the same for us when our kids are grown and in the workforce:
  • For those of us 30+, our parents were able to build careers of 25-30 years WITH pensions AND 401ks. Pensions are hard to come by in this day and age unless you have a union or government job. This is also the first generation since probably the Depression Era where young adults make less than their parents did at a similar age because all the safety nets like pension and long-term unskilled labor [that can be parlayed into careers], hourly jobs w/overtime have disappeared. Not to mention our parents will probably be the last true beneficiaries of Social Security :(
  • My dad got into oil & gas in the late 80's at age 30 making 60k+ with overtime. Over the years his company got bought and sold several times and because of that he has TWO 401k's and Three pensions. He's been over 100k for the past 10 years and is at 30 years of service. At 60 years of age, he barely does any work other than supervising folks that are ready to move into his position but of course, its easy money so he doesn't want to retire early and people like him contribute to the stagnation of succession for qualified candidates with 10+ years of service. See the correlation? His journey of 20 years to get to 100k directly competes with the next generation of folks who now have 10+ years of service but can't move to the BOTTOM of his payscale which is about 70k.
  • My grandparents' generation were frustrated with people from my dad's generation who didn't get college degrees because in their eyes, the climate was conducive for young minorities to more easily obtain college degrees. Needless to say, my dad doesn't have a degree but was able to achieve a level of success. So the cycle of frustration really hasn't changed and will continue, lol. Ready for the second correlation? Our parents generation has the highest % of non college grads who have earned over a million dollars in their lifetime. This directly impacts the value of a college degree (for non profession-specific career paths) which is now diluted because 5+ years of work history is > college degree for most jobs.
  • The challenge for the next generation (our kids) is that our generation has gained all the knowledge and are moving more and more into entrepreneurship, internet startups, consulting, freelance, independent contracting, etc. Our perspective is gonna be to "assume" that in the next 20+ years, there should be NO EXCUSE for anyone to not have their own business, lol. That'll be our frustration with our kids. But because of the amount of information that is currently at our disposal, we're gonna over-saturate the playing field there by removing a lot of the financial advantages of owning a small business. We can already see some of that now with the loopholes and tax advantages that are getting exposed in the private sector.
I've had these convos with my dad as well. The most difficult part of those convos is the fact that my dads death/my inheritance is gonna be one of the biggest come ups in my life :to:. It's fukked up, but to be honest, this is how white people have been coming up for years. This realization gave us both the perspective we needed to understand the value of family and the reminder that success is what you make it :manny:
 

Houston911

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If you wanna make big money working for someone its gonna be tough to do in a straight salary role, unless you've got a highly sought after degree.

Average house price in my city is 800k plus, good luck.

The average family doesn't even make 70k


The coli yall

I dont understand how that works

How can you afford 800k mortgage on 70k? :mindblown:
 

beenz

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If you black, don't believe that shyt. Especially in 2016

Older blacks from the steel mill and auto industry was getting good money and pensions back in the day with no education and they assume u should be in that position....

First off, mortgage companies are raping minorities left and right ( ie wells Fargo ) , many jobs required u to have experience plus a degree which majority of blacks don't have and then u have the cost of living to worried about....

The way technology is today and the way companies are trying to save money it's going to get harder to find a job paying $60,000 if u got your shyt together

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.

security would boot you out the office like jazz on fresh prince.

but this is coming from someone who basically had one job her entire life which was as a teacher, so she didn't know shyt about looking for a job.
 

TheNig

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By 30, if you havent touched down in atleast 3 foreign countries... thats a better gauge of success

How this any different from the original standard set in the OP? If not for the Navy, there would be no way in hell I would have visited 3 different countries by the time I was 30. Some people just don't have the money to live like that.
 

beenz

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So here's the deal with progressive parenting that kinda fukks up their perspective on current reality. Their success changes the game dramatically, and it will be the same for us when our kids are grown and in the workforce:
  • For those of us 30+, our parents were able to build careers of 25-30 years WITH pensions AND 401ks. Pensions are hard to come by in this day and age unless you have a union or government job. This is also the first generation since probably the Depression Era where young adults make less than their parents did at a similar age because all the safety nets like pension and long-term unskilled labor [that can be parlayed into careers], hourly jobs w/overtime have disappeared. Not to mention our parents will probably be the last true beneficiaries of Social Security :(
  • My dad got into oil & gas in the late 80's at age 30 making 60k+ with overtime. Over the years his company got bought and sold several times and because of that he has TWO 401k's and Three pensions. He's been over 100k for the past 10 years and is at 30 years of service. At 60 years of age, he barely does any work other than supervising folks that are ready to move into his position but of course, its easy money so he doesn't want to retire early and people like him contribute to the stagnation of succession for qualified candidates with 10+ years of service. See the correlation? His journey of 20 years to get to 100k directly competes with the next generation of folks who now have 10+ years of service but can't move to the BOTTOM of his payscale which is about 70k.
  • My grandparents' generation were frustrated with people from my dad's generation who didn't get college degrees because in their eyes, the climate was conducive for young minorities to more easily obtain college degrees. Needless to say, my dad doesn't have a degree but was able to achieve a level of success. So the cycle of frustration really hasn't changed and will continue, lol. Ready for the second correlation? Our parents generation has the highest % of non college grads who have earned over a million dollars in their lifetime. This directly impacts the value of a college degree (for non profession-specific career paths) which is now diluted because 5+ years of work history is > college degree for most jobs.
  • The challenge for the next generation (our kids) is that our generation has gained all the knowledge and are moving more and more into entrepreneurship, internet startups, consulting, freelance, independent contracting, etc. Our perspective is gonna be to "assume" that in the next 20+ years, there should be NO EXCUSE for anyone to not have their own business, lol. That'll be our frustration with our kids. But because of the amount of information that is currently at our disposal, we're gonna over-saturate the playing field there by removing a lot of the financial advantages of owning a small business. We can already see some of that now with the loopholes and tax advantages that are getting exposed in the private sector.
I've had these convos with my dad as well. The most difficult part of those convos is the fact that my dads death/my inheritance is gonna be one of the biggest come ups in my life :to:. It's fukked up, but to be honest, this is how white people have been coming up for years. This realization gave us both the perspective we needed to understand the value of family and the reminder that success is what you make it :manny:

Vladimir-Putin-Clapping.gif
 

itsyoung!!

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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.

security would boot you out the office like jazz on fresh prince.

but this is coming from someone who basically had one job her entire life which was as a teacher, so she didn't know shyt about looking for a job.

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

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

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


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 :heh: 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 :ld:
 

humble Hermit

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There are plenty of ways to make money legally out here. I was unemployed in 2013, living with my mom, sleeping on the couch. Now I'm waiting on my lease to be over so I can purchase a home. I work for myself, at home and I pull just about 100k a year, that will be doubled once I get more space.

I do not have a college degree or any certs at the moment

I'm a strong believer in being great at what your good at and opportunities will come.
 

MikelArteta

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You can't
But low interest rates n foreign buyers have screwed over our markets


If you wanna make big money working for someone its gonna be tough to do in a straight salary role, unless you've got a highly sought after degree.



I dont understand how that works

How can you afford 800k mortgage on 70k? :mindblown:
 

richaveli83

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Lotta broke boys in the building :umad:

I thought Coli had nothing but 6 cert n#ggas making 6 figures 6 months after graduating college while perfecting their 6 pack while doing donuts in the 6 speed :skip:

On the real, most people at 30 are not making $70K. Hell, many people older than 30 don't make that by themselves. In many states across the US, most households do not bring in $70K. And a household includes the main householder(breadwinner) and any person 15 or older who brings in income.

Income Main- People and Households - U.S. Census Bureau

And just because you may make more than that does not mean that it's average or even close to average for a single person to make that. And I'm not speaking from conjecture. I'm speaking from Census statistics. Check the link above and click on Household Income:2013 doc.

Peace
/Thread:wow:
 
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