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30 years old. 250 bucks.
Had almost 80k by the time I was 24. Life is rough for some. Statistic is likely true.
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The IRS are getting more creative...
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How much do you guys make?
Some serious savings being made.
Considering the people I see everyday living pay cheque to pay cheque, wasting their money on new phones and drinking / eating out every week, I find it hard to believe.
Maybe your just all American and the cost of living is much lower?
I live in UK in one of the top cities, own a 4 bed townhouse and rent out 2 rooms which fully pays the mortgage.
My fiancé and I pay all the bills and living costs of us both.
We have just under a £300k mortgage but have about £130-150k in equity.
Have about £14k in savings mostly in tax efficient stocks and shares account.
We have 0 debt apart from our mortgage and are both 29/30. (Not including my student debt).
Home ownership for people our age is noted as incredibly hard and our generation are dubbed generation rent, hence we have a big foot up owning already.
Not sure how some of you are having so much ££ left over every month.
I’ve only been in my professional job for about 2 years after graduating mind.
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1 Attachment(s)
Age - more than you can afford pal.
Savings (I have one other savings account in another bank which has about half of this amount):
[img]https://forum.bodybuilding.com/attachment.php?attachmentid=9156691&stc=1&d=1568825795[/img]
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Just sourced some high margin **** thanks to a miscer. He’s gonna make it.
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[QUOTE=mingrey02stg2;1588100671]34.
Townhouse paid off.
Less than $5k in checking acct at any given time.
Over $200k in investment portfolio.[/QUOTE]
How much was your townhouse and how long did it take for you to pay it off?
And how much do u make a year?
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[QUOTE=bigthug87;1588106181]How much do you guys make?
Some serious savings being made.
Considering the people I see everyday living pay cheque to pay cheque, wasting their money on new phones and drinking / eating out every week, I find it hard to believe.
Maybe your just all American and the cost of living is much lower?
I live in UK in one of the top cities, own a 4 bed townhouse and rent out 2 rooms which fully pays the mortgage.
My fiancé and I pay all the bills and living costs of us both.
We have just under a £300k mortgage but have about £130-150k in equity.
Have about £14k in savings mostly in tax efficient stocks and shares account.
We have 0 debt apart from our mortgage and are both 29/30. (Not including my student debt).
Home ownership for people our age is noted as incredibly hard and our generation are dubbed generation rent, hence we have a big foot up owning already.
Not sure how some of you are having so much ££ left over every month.
I’ve only been in my professional job for about 2 years after graduating mind.[/QUOTE]
If you have student loans and a mortgage then you’re in debt.
But you’re in a good position and doing well so far, keep grinding
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[QUOTE=playerofwar;1588023461]24, enough to live 2 years without any income. 0 Debt[/QUOTE]time to go all in on high quality alt coins
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[QUOTE=FrankCostanza;1588128091]time to go all in on high quality alt coins[/QUOTE]
Time to buy a house (srs)
You’ll thank yourself later
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31
just under 250k in checkings/high-yield savings because I just sold my house and am staying completely liquid for the time being
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[QUOTE=adamsz;1588128761]31
just under 250k in checkings/high-yield savings because I just sold my house and am staying completely liquid for the time being[/QUOTE]
Why’s that?
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[QUOTE=78novacaine;1588065731]62.5k gross or net? If net I could understand, if gross that leaves you approx $900/month after taxes and investments for housing/food/vehicle and all associated expenses. You said your tenant covers half your housing expense but that still leaves quite a ways to stretch $900...[/QUOTE]
62.5k is what I gross. After taxes it's about $50,580. Rents from my tenant total another $6,540 per year bringing the total to $57,120. Less the $36,000 for investments that leaves me with $21,120 or $1,760 per month to live off of.
