If you don't have these 3 things by 30, game over

[xLGx]

1. $25,000 in retirement accounts - Roth IRAs is the smartest

2. Job with a salary of at least $50,000-75,000 - also you should have at least half of your salary as an emergency fund in a high-interest savings account

3. Real estate - if you are renting an apartment, you are dumb - house values appreciate between 20,000-30,000 annually in my area. Getting started on paying down a mortgage while your house value appreciates is a key investment tool.

If you don't have these 3 things by 30, you will not retire until your 70s and you will still be struggling. You will be a burden to your kids in your later years. While it's never too late to start, these are minimum requirements to be able to make it brahs

[MakeABanana]

1. $25,000 in retirement accounts - Roth IRAs is the smartest

2. Job with a salary of at least $50,000-75,000 - also you should have at least half of your salary as an emergency fund in a high-interest savings account

3. Real estate - if you are renting an apartment, you are dumb - house values appreciate between 20,000-30,000 annually in my area. Getting started on paying down a mortgage while your house value appreciates is a key investment tool.

If you don't have these 3 things by 30, you will not retire until your 70s and you will still be struggling. You will be a burden to your kids in your later years. While it's never too late to start, these are minimum requirements to be able to make it brahs

1. Getting there.
2. Check.
3. LOL @ buying a house in NYC. No thanks, Jeff. Maybe once I move out into the Midwest.

[headturner1]

4. Don’t still be posting stupid chit on the misc

[Anorexilla]

How old are you and how many of these things have you acquired so far?

[DamianFeria]

I have first two. I dont plan on getting a house ever though. Don't want to commit to one spot.

[faxanadu]

1. $25,000 in retirement accounts - Roth IRAs is the smartest

2. Job with a salary of at least $50,000-75,000 - also you should have at least half of your salary as an emergency fund in a high-interest savings account

3. Real estate - if you are renting an apartment, you are dumb - house values appreciate between 20,000-30,000 annually in my area. Getting started on paying down a mortgage while your house value appreciates is a key investment tool.

If you don't have these 3 things by 30, you will not retire until your 70s and you will still be struggling. You will be a burden to your kids in your later years. While it's never too late to start, these are minimum requirements to be able to make it brahs

You have no clue what you're talking about.

Housing is a bubble and none of the above is required for retirement.

[xLGx]

1. Getting there.
2. Check.
3. LOL @ buying a house in NYC. No thanks, Jeff. Maybe once I move out into the Midwest.

Good job, boyo. Yes, do not buy houses in Cali or NY. Dumb decision

4. Don’t still be posting stupid chit on the misc

I see you are behind in life.

How old are you and how many of these things have you acquired so far?

28.
1) 10,000... I'm hoping 25k by 30.
2) Yes
3) Yes

I have first two. I dont plan on getting a house ever though. Don't want to commit to one spot.

Buy it, and if you want to move, take the gains on the sale? Not hard math.

[jawbruh]

lol @ planning for retirement

Smith & Wesson Retirement Plan Crew - one bullet costs less than $0.50

[Zerafian]

average income for a married couple is still under $50k/year.........are you saying the average married couple is failing at life?

"if you're not here you a pathetic excuse for a person"...thats pretty much what you're saying

Your opinion is skewed, seems like you surround yourself with mediocrity, white collar works.

[xLGx]

average income for a married couple is still under $50k/year.........are you saying the average married couple is failing at life?

"if you're not here you a pathetic excuse for a person"...thats pretty much what you're saying

Your opinion is skewed, seems like you surround yourself with mediocrity, white collar works.

I'm not saying they are pathetic. I am saying they will struggle for the entirety of their life and their children will be stuck footing the bill when they are old. Is that what you want for your children?

[xLGx]

You have no clue what you're talking about.

Housing is a bubble and none of the above is required for retirement.

Yes it is. Because if you are anticipating social security being there when we reach that age, you are in for a rude awakening

[Wh1teDyn0mite]

Which city is your real estate in?

[Vhagar]

I'm fukd then

turned 29 last week and of those 3 I only own a house which I'm selling

[xLGx]

Which city is your real estate in?

DFW. Last November appraised for 192k. Today it is worth 221k. Simply for just holding it.

I'm fukd then

turned 29 last week and of those 3 I only own a house which I'm selling

And how much is your house worth compared to when you bought it? I'd imagine you'll make a good gain, which you then can invest into retirement to catch up.

[jofabig]

I guess game over for me

[xLGx]

I guess game over for me

Like I said, never too late. Be aggressive in catch up mode

[Crysthal]

If setting myself up with a double master's degree in finance and tax law is failing at life and aiming for a 50k-75k salary is winning for you then I'd much rather fail at life x)

[xLGx]

If setting myself up with a double master's degree in finance and tax law is failing at life and aiming for a 50k-75k salary is winning for you then I'd much rather fail at life x)

This is a by 30 list. Obviously your salary will increase into your 40s - 50s ect when you get into manager positions.

Also companies will look down on you that you are just now getting bachelor degrees at age 27. No real work experience too, I'd imagine.

[Crysthal]

This is a by 30 list. Obviously your salary will increase into your 40s - 50s ect when you get into manager positions.

Also companies will look down on you that you are just now getting bachelor degrees at age 27. No real work experience too, I'd imagine.

Talking about a second masters degree

[xLGx]

Talking about a second masters degree

What do you do now?

I am in tax too

[solidus2k3]

misc CEOs are doing way better

[xLGx]

misc CEOs are doing way better

ofc they are, but this is a realistic thread, not a typical misc CEO thread

[supersystem3]

If setting myself up with a double master's degree in finance and tax law is failing at life and aiming for a 50k-75k salary is winning for you then I'd much rather fail at life x)

This is a by 30 list. Obviously your salary will increase into your 40s - 50s ect when you get into manager positions.

Also companies will look down on you that you are just now getting bachelor degrees at age 27. No real work experience too, I'd imagine.

I'd say the real mark of a failure is someone with absolutely zero reading comprehension who is in their 30s.

[xLGx]

I'd say the real mark of a failure is someone with absolutely zero reading comprehension who is in their 30s.

Yeah yeah

[Omnivium]

3. Real estate - if you are renting an apartment, you are dumb - house values appreciate between 20,000-30,000 annually in my area. Getting started on paying down a mortgage while your house value appreciates is a key investment tool.

Lol you sound like the type of guy who would buy a house in 2007

[supersystem3]

Lol you sound like the type of guy who would buy a house in 2007

Yup. You'd also have to be a fool to not realize we are in the middle of another bubble, and it's going to crash down even worse than last time within the next 5 years.

[xLGx]

Lol you sound like the type of guy who would buy a house in 2007

Yup. You'd also have to be a fool to not realize we are in the middle of another bubble, and it's going to crash down even worse than last time within the next 5 years.

A guy who bought a house in 2007 is still in a great position today. You only lose when you don't invest. Have fun making your landlords richer and receiving no equity and good luck being poor in your older years.

[DolphinPilot]

Yup. You'd also have to be a fool to not realize we are in the middle of another bubble, and it's going to crash down even worse than last time within the next 5 years.

30 years old and banking on this^ Will snatch up something nice when the bubble bursts again.

Also interdasting OP said 25k in retirement by 30. I have a bit less than 40k and I think it's not enough.

[BigPoppaPumpin]

1. $25,000 in retirement accounts - Roth IRAs is the smartest

2. Job with a salary of at least $50,000-75,000 - also you should have at least half of your salary as an emergency fund in a high-interest savings account

3. Real estate - if you are renting an apartment, you are dumb - house values appreciate between 20,000-30,000 annually in my area. Getting started on paying down a mortgage while your house value appreciates is a key investment tool.

If you don't have these 3 things by 30, you will not retire until your 70s and you will still be struggling. You will be a burden to your kids in your later years. While it's never too late to start, these are minimum requirements to be able to make it brahs

Actually there was an article that came out a few weeks ago

You need:

1. $35,000 in retirement accounts

2. Job salary of at least $75,000-$90,000

3. Real estate - optional


Sorry brah, doesn't look like you're gonna make it

[2RDEYE]

25 and make 20k/yr pls kill me