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NT: Official Personal Finances Thread - Page 2

post #31 of 1117

i never spend ones. been doing this for about a year and a half now. got a nike box full of ones. not my primary savings just something for random extra cash.

post #32 of 1117




Intrigued? I hope so. Read this man's website. Start anyhere. Here's one.
http://jlcollinsnh.com/2011/06/08/how-i-failed-my-daughter-and-a-simple-path-to-wealth/
post #33 of 1117
Make about $3K after taxes, I save 30% between 401K and 403B + emergency savings.
post #34 of 1117
My salary is buns...

But the bonuses can wind up 100% of my salary... so I'm thinking about just taking that and throwing it into some type of savings vehicle every year...

Compounding money is great, and I would do much better saving incrementally instead of waiting for the sum... but I spend money too quick... smh
post #35 of 1117
trying to save about 15% of my monthly income. It's not easy at all

That's not including retirement.
post #36 of 1117
Quote:
Originally Posted by HankMoody View Post





Intrigued? I hope so. Read this man's website. Start anyhere. Here's one.
http://jlcollinsnh.com/2011/06/08/how-i-failed-my-daughter-and-a-simple-path-to-wealth/
Repped. good read. Can you describe your experiences?
post #37 of 1117
Quote:
Originally Posted by friscostylez View Post

Repped. good read. Can you describe your experiences?

I'm not sure what you are looking for with this question given that I just turned 26 a little bit ago. I have had a positive net worth with no debt for only 7 months (student loans).
post #38 of 1117

Try to save a least 1k or more depending on whats going on in my life. Summer months that number usually falls, vice versa for winter months. 

Women and just dating in general is hard on a young professional. 

Haven't touched my incomes tax return in 4 years. And that money is in one the carribbean countries gaining interest as we speak. 

post #39 of 1117
I see a rack a week....
i save about 20-25 percent of my check.
babysitting takes a lot out of me...
cant wait for all my kids to start school so i can save a grip...

http://m.datpiff.com/Premium-The-Pr3quel-mixtape.803802.html

 

please listen and download my mixtape.. its dope I promise

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http://m.datpiff.com/Premium-The-Pr3quel-mixtape.803802.html

 

please listen and download my mixtape.. its dope I promise

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post #40 of 1117
Quote:
Originally Posted by Chopper View Post

"I'm broke baby."
On A Savage Journey.
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On A Savage Journey.
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post #41 of 1117
Quote:
Originally Posted by zapatohead408 View Post

I probably save like 1,500-2k a month mean.gif but then I spend it. laugh.gif


That's not how saving works.
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post #42 of 1117
lulz....

saving? come on, all the stuff we know about life and how it works, you guys still working to save?

you need to throw that money in a business venture or some sort of investment...

keeping your money under the pillow for a rainy day going to keep you working like a robot for the rest of your life...


get out of this disgusting work cycle 90% of western society is in...they want you in there...without you slaves they cannot go on their vacations and live the life they want to live off of your sweat and tears...


i never worked a day in my life...until i came across some bread and invested it into a business i own...

i make around 8k a month...and i save 80% of that....

the rest i spend how ever the f' i want to spend....the only reason i even save the other is to get into another investment...or open up a second business....after about 5-6 years if you have 2-3 business when your 35-40 you don't need to work anymore...which should be the goal...


everyone working to save money should be working to save money to invest---all the while you work you should have some sort of business idea or plan to get out of the dreadful work life...


people always want to rush and buy a house with all their savings...your main goal with anything you save should be first to run your own business, from there you should think about property, not vice versa...


all you need is confidence.
post #43 of 1117
Put about $150/mo in an employer matched retirement fund.

$100/mo in to retail stocks.

Everything else goes to student loans, cc debt, and livin' this here lifestyle

"...he's the Duncan MacLeod of IT on NT..."

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"...he's the Duncan MacLeod of IT on NT..."

Twitter

Programming Languages: ASP.NET, C/C#, HTML/CSS, Java, JavaScript, MIPS, SQL.


Ask me for help with any of the programming languages above.
Reply
post #44 of 1117
Best advice I can give to anyone 18 + is go to https://www.sharebuilder.com/ and buy $100 (or as much as you can afford) of Nike stock each month. They will withdraw the $ from your checking account each month, buy the stock for you, and only charge a small fee. Think of it as a bill that you pay each month - forget about it and keep buying more.
post #45 of 1117
I have $2500 auto withdrawal on the 25th of each month into my brokerage account with betterment. Not sure if it's been posted but I definately recommend betterment or any other comparable robo investing platform.

any other betterment or future advisor users on here?
post #46 of 1117
Quote:
Originally Posted by copped View Post

lulz....

saving? come on, all the stuff we know about life and how it works, you guys still working to save?

you need to throw that money in a business venture or some sort of investment...

keeping your money under the pillow for a rainy day going to keep you working like a robot for the rest of your life...


get out of this disgusting work cycle 90% of western society is in...they want you in there...without you slaves they cannot go on their vacations and live the life they want to live off of your sweat and tears...


i never worked a day in my life...until i came across some bread and invested it into a business i own...

i make around 8k a month...and i save 80% of that....

the rest i spend how ever the f' i want to spend....the only reason i even save the other is to get into another investment...or open up a second business....after about 5-6 years if you have 2-3 business when your 35-40 you don't need to work anymore...which should be the goal...


everyone working to save money should be working to save money to invest---all the while you work you should have some sort of business idea or plan to get out of the dreadful work life...


people always want to rush and buy a house with all their savings...your main goal with anything you save should be first to run your own business, from there you should think about property, not vice versa...


all you need is confidence.

That you Dame?
post #47 of 1117
Quote:
Originally Posted by natch johnson View Post

Best advice I can give to anyone 18 + is go to https://www.sharebuilder.com/ and buy $100 (or as much as you can afford) of Nike stock each month. They will withdraw the $ from your checking account each month, buy the stock for you, and only charge a small fee. Think of it as a bill that you pay each month - forget about it and keep buying more.


Please don't do this, kids. Allocating all of your funds to one company is a bad idea.

If I knew what I know 10 years ago, I would've opened up a Vanguard account account and set up some variant of a "lazy portfolio."

http://www.bogleheads.org/wiki/Lazy_portfolios

Zero commission & low expense ratios using Vanguard's ETFs/mutual funds.
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post #48 of 1117
Quote:
Originally Posted by Based Mod View Post

Please don't do this, kids. Allocating all of your funds to one company is a bad idea.


If I knew what I know 10 years ago, I would've opened up a Vanguard account account and set up some variant of a "lazy portfolio."

http://www.bogleheads.org/wiki/Lazy_portfolios

Zero commission & low expense ratios using Vanguard's ETFs/mutual funds.




Solid advice. Vanguard, betterment, future advisor, and wealth front are some good low management fee" set it and forget it" investments.
post #49 of 1117
I consider myself a pretty frugal saver (not cheap, damn far from it). I live below my means in order to set myself up for financial success.

Been maxing out my 401k and Roth for years. Save (invest) another $250 a week on top of those retirement vehicles, plus $25 a week in a travel account.

Bonus is usually about 16% of salary. I use that to pad my travel account and other investment accounts.

My *** is tryna retire at 55! "$20 million walkin out the club bet it woo woo!"
post #50 of 1117
Quote:
Originally Posted by copped View Post

lulz....


i never worked a day in my life...until i came across some bread and invested it into a business i own...

i make around 8k a month...and i save 80% of that...

Superb nerd.gif
Warning: Spoiler! (Click to show)
Owning my own company would be ideal. Until I come up with the right idea I'ma continue to stack this bread and invest it in AAPL, NKE, S&P500, etc.
post #51 of 1117
Bring home a lil over 4k a month (I'm 26)

Just copped a new crib (duplex) as long as I have a tennant I can save roughly 2000 a month. Without a tenant I'm looking at 1500.

Was saving 2500 a month prior tho.... I really try not to go outside my budget.

Just picked up a job at jcrew so I will prolly make closer to 4500 a month soon... I'm using that money to keep up with my hobbies
post #52 of 1117

After taxes I get a little over 4k a month, kick in $500 for bills since my daughter's mother pays the bulk of it.  $1,000 a month goes to eating out/coffee etc.  Roughly another $500 on alcohol.  Between using uber/lyft other services, there's just some left saved for music festivals and traveling that wipes out the rest.  I do manage to have a bit of a rainy day fund still

post #53 of 1117
Quote:
Originally Posted by dakid23 View Post

I save around $500.

I stop buying shoes. I want to save more.

I am paying a mortgage though.....


Side note: My wife needs to chill with this renovation project sick.gif .

She's looking at a $6000 front door.

What's that door made out of? Hand carved wood from Asia or something? Sheesh
post #54 of 1117
About $3600-4000 a month after taxes. Try to save $1K~ but I'm working on paying down debt so it's been lower than that.

For 22 years old I think that's ok. Hate that I ran up my CC's though.
post #55 of 1117
Bout 10 after taxes right now. I save about 6.5-7 a month. Hope to leave this hectic law firm life soon. Just need to save another couple of years for a solid foundation.
the saddest thing in life is wasted talent
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the saddest thing in life is wasted talent
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post #56 of 1117
Quote:
Originally Posted by sneakaprince View Post


Just picked up a job at jcrew so I will prolly make closer to 4500 a month soon... I'm using that money to keep up with my hobbies

i save around 2k a month depending on if i go on any trips.

really considering on getting a side gig too.. nothing srs, maybe a few hours at a local 24hr fitness.. free gym pass = more money saved.
@tenth_letter
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post #57 of 1117
Filet Mignon FC
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Filet Mignon FC
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post #58 of 1117
damn some of you dudes working too hard man..

2-3 jobs...and all that to save for some future that is not guaranteed?


retire by 55? i'm trying to retire by 35....

retirement doesn't mean a few mill in the bank, house paid off, kids colleges paid...

nah...

retirement to me is at least 2-300k accessible cash...and maybe 2-3 investments bringing me at least 3-4k a month without me working (manage and maybe go in a few hours a week)...and thats all


no dreams of grandeur...live easy, live relaxed, and not over work myself...

i'll probably never buy a house as well....i'll rent and live off of my money rather than throw it in a house and break my back trying to support it...


interest is the biggest scam on earth... also against my beliefs...
post #59 of 1117
Quote:
Originally Posted by copped View Post

damn some of you dudes working too hard man..

2-3 jobs...and all that to save for some future that is not guaranteed?


retire by 55? i'm trying to retire by 35....

retirement doesn't mean a few mill in the bank, house paid off, kids colleges paid...

nah...

retirement to me is at least 2-300k accessible cash...and maybe 2-3 investments bringing me at least 3-4k a month without me working (manage and maybe go in a few hours a week)...and thats all


no dreams of grandeur...live easy, live relaxed, and not over work myself...

i'll probably never buy a house as well....i'll rent and live off of my money rather than throw it in a house and break my back trying to support it...


interest is the biggest scam on earth... also against my beliefs...

 

300k is only enough to retire in the phillipines or something at 35 yrs old

post #60 of 1117
Quote:
Originally Posted by millenial View Post

300k is only enough to retire in the phillipines or something at 35 yrs old

readingcomprehensionfail
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