Paycheck to Paycheck or WealthBoyz?

Discussion in 'General' started by tay1, Apr 16, 2019.

  1. tay1

    tay1

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    Almost 80% of US workers live from paycheck to paycheck. Here's why

    America doesn’t have a jobs crisis. It has a ‘good jobs’ crisis – where too much employment is insecure, and poorly paid

    The official rate of unemployment in America has plunged to a remarkably low 3.8%. The Federal Reserve forecasts that the unemployment rate will reach 3.5% by the end of the year.

    But the official rate hides more troubling realities: legions of college grads overqualified for their jobs, a growing number of contract workers with no job security, and an army of part-time workers desperate for full-time jobs. Almost 80% of Americans say they live from paycheck to paycheck, many not knowing how big their next one will be.

    Blanketing all of this are stagnant wages and vanishing job benefits. The typical American worker now earns around $44,500 a year, not much more than what the typical worker earned in 40 years ago, adjusted for inflation. Although the US economy continues to grow, most of the gains have been going to a relatively few top executives of large companies, financiers, and inventors and owners of digital devices.

    America doesn’t have a jobs crisis. It has a good jobs crisis.
     
    mplsdunk, Nujabez, gry60 and 2 others like this.
  2. tay1

    tay1

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    Ya'll prepared for the next financial collapse? Anybody saving for rainy days? Anyone here living comfortable and not paycheck to paycheck?
     
    nawghtyhare likes this.
  3. 6 Rings G.O.A.T.

    6 Rings G.O.A.T.

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    Savings >
     
  4. SuperQ

    SuperQ

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    Two, maybe three paychecks between my wife and I.
     
    Nujabez, debso, nawghtyhare and 2 others like this.
  5. tay1

    tay1

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    Saving to save or we investing?
     
    6 Rings G.O.A.T. likes this.
  6. tay1

    tay1

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    Sounds like some good security
     
  7. 6 Rings G.O.A.T.

    6 Rings G.O.A.T.

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    [​IMG]
     
  8. Extrait de Minimalisme

    Extrait de Minimalisme

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    Full time job, and part time, with side hustles.

    Two kids and a non working s/o, we strugglin’. I can’t seem to get her on board with budgeting and less spending on dumb shh. The middle class is WACK, and the American dream issa LIE.
     
  9. Nujabez

    Nujabez formerly gatorad3

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    Yang 2020
     
  10. chillpoppy

    chillpoppy

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    Do deadstock kicks and Supreme count as savings/investments???
     
  11. tay1

    tay1

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    Same with my girl. She can't manage money for ****. Sucks to have to hold it down by default
     
    Sharpshoeter13 likes this.
  12. illicit305

    illicit305

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  13. yogetoffmykickz

    yogetoffmykickz

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    Maybe this is a discussion for a different thread, but I just can't understand this.

    You say s/o so it's obviously not just your baby mama. I'm assuming it's your partner. Who you most likely love and she you. So why can't she get on board? for the betterment of your family.!You're out here working yourself to the ground and she can't make slight changes to control her spending...?! Especially without monetary contributions of her own.? Smh.. I don't get it
     
    Last edited: Apr 16, 2019
  14. nawghtyhare

    nawghtyhare

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    def does
    know folks who sold kicks
    and had a down payment on a house from it
     
  15. tr1ll

    tr1ll

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    I wonder how many NTers clicked on this with intent of lying until the saw the article.
     
  16. tay1

    tay1

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    Some women refuse to want to provide. And are just horrible with money in general
     
  17. easyco

    easyco

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    I save about 30k/yr.

    If I were disciplined enough I could make it 50k/yr.

    Set out a goal, for the next 5years i want to sAve $150-200k
     
  18. tay1

    tay1

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    I would say saving 30k a year is extremely disciplined.
     
  19. storm2006

    storm2006

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    I don’t have children and I don’t want to speak for the man but I’ve talked to folks with even one kid and good child care is exorbitant for a working couple. My one co-worker said something along the lines of “The bill for the year came and I thought ‘damn, this is 1.5 McDonald employees’ salary’” or something along those lines :lol: I also remember when my ex-gf’s sister-in-law had a baby, the couple did an analysi and it would pretty much even in earnings vs child care so she stayed home.
     
  20. jaypesoz

    jaypesoz

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    I only live how I do now because the wife and I make sure our nest is nice and we're also making sure our kids will be setup for success. It's definitely not easy but I'd rather just work hard and fall short than to just waste any time in complaining about everything.

    It's why I'm still grinding to get my MBA when I don't "have to", while most folks are just complaining about how they regret going to college because it's a waste of time and are in debt. I really do get what they're saying but I'm only in charge of my reality and I worked hard to avoid being in that category. Some say it's luck but I don't believe much in that. I feel as if I'm getting out of life what I've been putting in. The only motto I live by is "Life is Neutral" and I got that from the Motivational thread on here YEARS ago and I still think about that quote everyday.
     
  21. nawghtyhare

    nawghtyhare

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    yeah thats why having a good support system
    aka grandmas or older siblings to watch the kid
    are crucial
     
  22. dwalk31

    dwalk31

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    Key is spending less than you earn.
     
  23. getback

    getback

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    Always try to save a little bit each paycheck. Dump it in a savings account. Really need to open up that Roth IRA though.

    @yogetoffmykickz Women can be downright stupid when it comes to money. Males too, but for the sake of the specific example he was talking about his S/O. Spending/shopping can be an addiction. Ordering online or browsing in stores gives certain people that shot of dopamine. Keeping up with the Jones is real too.
     
    pirateslaw and jaypesoz like this.
  24. Comparison Ford

    Comparison Ford

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    giphy-1.gif
     
  25. joe billionaire

    joe billionaire

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    Y’all gotta let these chicks go if they aint providing.