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submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world
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[-] stoly@lemmy.world 11 points 2 years ago

I am so confused here--this is what you do to prepare for the future. I guess you could blow it on women or something.

[-] doingless@lemmy.world 9 points 2 years ago

Living expenses > income. It's not complicated math. You can't save when you don't have enough to live and already putting off things like car repairs, health care, hair cuts, buying clothes...

[-] force@lemmy.world 6 points 2 years ago* (last edited 2 years ago)

no i mean who HAS 15% of their paycheck available to spend. i ain't bill gates, i have FOOD and RENT

[-] stoly@lemmy.world 3 points 2 years ago

I think you just figured out why we’re doomed. Don’t assume I have spent my life doing this, I’ve tried to stay out of poverty for most of it. Now that I can, I do. Those who have good pay right after college spend their lives paying in.

[-] AA5B@lemmy.world 1 points 2 years ago* (last edited 2 years ago)
  1. It doesn’t need to be 15% right away
  2. Use the power of time

The trick is to set aside something, anything, no matter how small, to start. Then whenever you get a raise, set aside part of that so you will never have seen it or spent it.

Your most powerful weapon is not how much you can set aside now, but how early you can start. Investments over the length of your career can turn a little into a lot. Get started now, no matter how small, and use time as your greatest weapon.

[-] WarmSoda@lemm.ee -1 points 2 years ago

Most people here decided they're better than those with less money than them and it's fine to blame those less fortunate for "thier mistakes". It's pretty depressing.

[-] EatATaco@lemm.ee 3 points 2 years ago

The only person I see being blamed obviously fucked up their 401k, or is complaining that they added a couple hundred dollars over the course of decades and don't have a ton of money.

It has nothing to do with them being poor, but with them fucking up and then trying to claim they are the victim.

this post was submitted on 01 Mar 2024
670 points (99.1% liked)

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