A penny saved is inflation dependent, so just holding it is to lose some of that penny. I remember hearing about saving money, but never about investing. Sure people would gamble on stocks trying to short sell, but nothing about bonds, index and mutual funds, etc. I have been lead astray, as have many others.Too many Americans don't know the basics of saving and investing money
Too many Americans want to blame others for the things they are responsible for (their own life)
A penny saved, is a penny earned.
Too Many Americans Will Never Be Able to Retire
- Thread starter Afro
- Start date
BlackJesus
Spread science, save with coupons
We can always force it
If weed can be decriminalized, it's only a matter of time before free tuition becomes a reality.
Holding onto it is still better than spending it, or buying a depreciating asset.
Its also your responsibility to get educated on ways to invest your money. Not just stock and mutual funds but real estate, owning a business etc.
@Wild self You are not entitled to anything from anyone except your parents.
BlackJesus
Spread science, save with coupons
Over a 30 year period over $1,000,000 will flow through most peoples hands assuming you make atleast 30k.
How will you spend it? On dumb shyt or carefully?
Do you buy starbucks? Make your own coffee
Do you buy fast food? Learn to cook at home
Buy in bulk
Avoid movie theaters and wait till it comes out on Netflix
Etc etc
How will you spend it? On dumb shyt or carefully?
Do you buy starbucks? Make your own coffee
Do you buy fast food? Learn to cook at home
Buy in bulk
Avoid movie theaters and wait till it comes out on Netflix
Etc etc
Captain Crunch
Veteran
I didn’t read the article, but did it delve into race?
Theres no need to get that complicated. Once you have an emergency fund plug the rest into an S&P 500 index fund. If your company has 401K matching take advantage of it. Figure out how to minimize your exposure to fees. Then maybe once you're like 50 or w/e reassess your risk appetite. Once you set it up it's mostly automatic. Investing has never been easier or cheaper.
If you dont have enough money saved for retirement, outside of being wiped out by a medical debt...then it's your fault 
The majority of Americans are fukking stupid with their money and dont think about retirement until it's right around the corner and it's too late. They buy depreciating items their entire lives and other worthless materialistic shyt that wont help them in order to show off to others, meanwhile saving, investing, and paying off debts is a foreign concept. I see it now with peers in their 20s and 30s. I tell them to save for retirement as opposed to buying dumb shyt, and some of these fools tell me "tomorrow isn't promised ", "I want to enjoy my money when I'm young, not when I am an old decrepit nikka 
"
If you are born post 1980, you have no excuse not to save for retirement. You have all the knowledge that mankind has created in the palms of your hands, stop keeping up with the joneses and trying to live a fake life and start budgeting and saving.
A 30 year old single breh who makes an average of just $45,000 over the course of his working life, if he puts aside 8-10% of his GROSS income into an index fund at an extremely conservative rate of 9% return over the course of 35 years (age 30-65), he would have a little over $1 million dollars by the time he is 65. If he has an employer who matches 3-5% towards his 401k that could be better since he is getting free money. Or open a roth IRA and max it out every year. If he has a home that is paid off and no other bills then he should be set. This is only if the breh just worked for his entire life and didnt make any other investing moves (real estate, mutual funds, etc.). Don't nut in bytches you arent planning on living with or raising a family with, try to stay as healthy as you possibly can, budget your money, live within your means, save for retirement, all tangible and realistic things that can be done.
Meanwhile you have fools in here hoping there will be a french revolution
Anything to prevent you from using common sense
", "I want to enjoy my money when I'm young, not when I am an old decrepit nikka "If you are born post 1980, you have no excuse not to save for retirement. You have all the knowledge that mankind has created in the palms of your hands, stop keeping up with the joneses and trying to live a fake life and start budgeting and saving.
A 30 year old single breh who makes an average of just $45,000 over the course of his working life, if he puts aside 8-10% of his GROSS income into an index fund at an extremely conservative rate of 9% return over the course of 35 years (age 30-65), he would have a little over $1 million dollars by the time he is 65. If he has an employer who matches 3-5% towards his 401k that could be better since he is getting free money. Or open a roth IRA and max it out every year. If he has a home that is paid off and no other bills then he should be set. This is only if the breh just worked for his entire life and didnt make any other investing moves (real estate, mutual funds, etc.). Don't nut in bytches you arent planning on living with or raising a family with, try to stay as healthy as you possibly can, budget your money, live within your means, save for retirement, all tangible and realistic things that can be done.
Meanwhile you have fools in here hoping there will be a french revolution
Anything to prevent you from using common sense
BaldingSoHard
Veteran
BaldingSoHard
Veteran
Aint none of you gon do shyt, times have changed, people dont have the stamina to protest and revolt like that anymore, this especially in Western culture. All they will do is Bring Jordan outta retirement, redo season 8 of GOT, drop another Marvel flick, new iphone and yawwwl will forget bout revolting in a flash. These people smarter than you think
BaldingSoHard
Veteran
If you dont have enough money saved for retirement, outside of being wiped out by a medical debt...then it's your fault
The majority of Americans are fukking stupid with their money and dont think about retirement until it's right around the corner and it's too late. They buy depreciating items their entire lives and other worthless materialistic shyt that wont help them in order to show off to others, meanwhile saving, investing, and paying off debts is a foreign concept. I see it now with peers in their 20s and 30s. I tell them to save for retirement as opposed to buying dumb shyt, and some of these fools tell me "tomorrow isn't promised
If you are born post 1980, you have no excuse not to save for retirement. You have all the knowledge that mankind has created in the palms of your hands, stop keeping up with the joneses and trying to live a fake life and start budgeting and saving.
A 30 year old single breh who makes an average of just $45,000 over the course of his working life, if he puts aside 8-10% of his GROSS income into an index fund at an extremely conservative rate of 9% return over the course of 35 years (age 30-65), he would have a little over $1 million dollars by the time he is 65. If he has an employer who matches 3-5% towards his 401k that could be better since he is getting free money. Or open a roth IRA and max it out every year. If he has a home that is paid off and no other bills then he should be set. This is only if the breh just worked for his entire life and didnt make any other investing moves (real estate, mutual funds, etc.). Don't nut in bytches you arent planning on living with or raising a family with, try to stay as healthy as you possibly can, budget your money, live within your means, save for retirement, all tangible and realistic things that can be done.
Meanwhile you have fools in here hoping there will be a french revolution
Anything to prevent you from using common sense
Facts!
Yea no need to tell me, bruh. Im hip to all of that, but my issue is I had to dig specifically for this info. Sure its easy to find, but its really not taught commonly so people miss out on easy investment vehicles because when people think of investments, they think of stock trading, housing, or volatile collectibles when there is so much more out there. Whats worse is we have been in a decade long bull run and while people are going to learn investing now, I fear the ass will fall out of the market, people will lose value, and it will be back to square one of people being scared to invest because they dont trust the cyclical nature of investing.
ExodusNirvana
Change is inevitable...
Pension + 401K + IRA = Slow and Steady Wins the Race
Remember who the party of big business is and why big business has worked so hard to get rid of unions and pensions
Remember who the party of big business is and why big business has worked so hard to get rid of unions and pensions
dark_magic
Pro
What if yo ass too broke to invest in stocks?
Study capital.
How to structure, build, and raise it.
Formerly Black Trash
Philosopher, Connoisseur, Future Legend
this might be the dumbest shyt posted here