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

Prodyson

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Im 29 i make that much but i dont got a house cause idk i dont see the point of living in some big ass house by myself tho it woulda been a nice investment. My moms was trying to get me to buy the fam a house but i balked cause i was with a girl i thought id marry. That didnt work out and i blew most my money on drugs over the past 5 years.

Good to know by ya parents opinion im still on track tho lol. Maybe soon

I'd say buy yourself an affordable townhouse in a good area. Something big enough for you and maybe one other person. It will probably be cheaper than whatever rent your paying. Take good care of it, build some equity in it (which is why you need to be in a good area) and then rent it out or sell it whenever it doesn't suit your needs anymore. You would have paid less than you're paying in rent and now you have a potential second stream of income.

My wife and I bought our house for 165k in December 2012, brand new. It's valued at around 195k-200k now.
 

MikelArteta

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Those days R done, so are the days of your uncle bringing you into the factory and getting you a job. Even the average job has 100s of applications and folks with masters n doctorates applying

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:
 

Vodun

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I will leave this here


"success is the progressive realization of a worthy ideal"

in other words: if a man wants to sell crack and goes and does that, that man is a success:

its whatever you say you want to do and do it.

the only bar is the one you set yourself

CLOSE THREAD
 

Zero

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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've been there :francis:
 

MikelArteta

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Damn can maybe get a parking spot n a locker for that


I'd say buy yourself an affordable townhouse in a good area. Something big enough for you and maybe one other person. It will probably be cheaper than whatever rent your paying. Take good care of it, build some equity in it (which is why you need to be in a good area) and then rent it out or sell it whenever it doesn't suit your needs anymore. You would have paid less than you're paying in rent and now you have a potential second stream of income.

My wife and I bought our house for 165k in December 2012, brand new. It's valued at around 195k-200k now.
 

King Poetic

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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.



I dont understand how that works

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

Not possible... hell people barely able to pay on 100,000 dollar home

That's why I say there's no problem living in the hood as long as the area in the hood is nice and u have residents fighting for the better and councilmen and women doing their job...

Trying to find a home in the burbs nowadays is pointless IMO unless u and your wife both make at least $150,000 combined a year and try to live beneath that..

Look at life and debt tv show, thanks by the way @beaniemac and see how this one black family in New Jersey fukked up
 

ZEB WALTON

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No Father To MY Style.. A Son Unique
I'd say buy yourself an affordable townhouse in a good area. Something big enough for you and maybe one other person. It will probably be cheaper than whatever rent your paying. Take good care of it, build some equity in it (which is why you need to be in a good area) and then rent it out or sell it whenever it doesn't suit your needs anymore. You would have paid less than you're paying in rent and now you have a potential second stream of income.

My wife and I bought our house for 165k in December 2012, brand new. It's valued at around 195k-200k now.
Yea that is my new plan once i fix my credit. Happy for u bro. Always good to hear of people being successful. Im like one of 3 people i went to highschool with who have anything going on. shyts crazy
 

mcdivit85

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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

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 :mjlol: 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
 

Mr210

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I make 58,000 and I'm 30 with no mortgage. I don't plan on buying a house for at least another 5 yrs
 

AyBrehHam Linkin

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My parents taught me to not live up to someones elses standards, not even theirs:francis:. As long as i had my own standards and lived up to them, not make the same mistakes they did, along with not being a crackhead or some shyt they would be proud of me n my bro.

im def not there yet, but if ask me, just find an in demand field that you have a passion for, and be the best you can be at it. Be the one companies are fiending for, not the one fiending for a company. That's what im working for, finally paid for my A+ cert test n gonna get certified within a month
 

Black Magisterialness

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Making +70 at 28, but im not getting no fukking mortgage :mjlol:

Why would i restrict my travel and finances for the rest of my life at 30? Do you fukks realize the average lifespan of humans is going up? Not that 30s the new 20 but if you really compare it to 50 years back in time its true. Not to mention college wasnt a requirement for a good job back then.

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


Not to mention cats talking getting sub-prime mortgages but not starting businesses. :yeshrug: The credit boom and housing boom of the 90's totally fukked up this country's perception of success. The concept of get job, get married, buy house, have kids. All on a 9 to 5 desk job for most of us is OVER.



Living off government assistance

75% of all US workers make less than 50k
34% of all americans (working or not) are on some sort of welfare.

Your math doesn't add up.
 

Pazzy

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rule # 1 of adult....NEVER ever ever listen to your parents

the avg person only makes like 28k a year or something like that. . .

and putting imaginary benchmarks on your life will make u feel worthless....U just gotta live this shyt , be progressive and take whatever comes . . . nothing is guaranteed

Depends on what exactly.
 

STEVE

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I make 58,000 and I'm 30 with no mortgage. I don't plan on buying a house for at least another 5 yrs
That is OK you don't have to do anything by 30. Something someone told me once helped me. He said:

"You can fail until you're 30."
 

Teko

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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 quickly. I don't plan on staying in this country past my 30th bday so no need for illiquid assets
  • I currently live at my mom's crib - sometimes puts off 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. I've learned a lot with girld in the past:whew:
  • 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:whew:
  • 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
 
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