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16592599 No.16592599 [Reply] [Original]

Is 30k in the bank with no debt okay for a 24 year old?

>> No.16592615

>>16592599
No

>> No.16592621

>>16592599
no because that should be 30k worth of chainlink

>> No.16592634

>>16592599
Needs to be anywhere other than a bank. Inflation will eat at it like it aint shit.

>> No.16592640

>>16592599
doesn't paint a full picture. did you go to school and get a good degree? or did you sit at home and work retail part-time since you were 19.

>> No.16592693

>>16592599

earning potential > savings at your age. I'm 25 and my net worth has increased by 150k in the last 2 years (starting in the red, now in the black), and almost all of that was from waging.

>> No.16592709

>>16592599
The no debt part is good. I figured out if I started working this delivery job (£15-30 an hour + tips) at 16 I would've had 40-70k by 18/19

>> No.16592868

>>16592599
10k silver, 10k crypto in top Mc projects. (3k btc, 2k Eth, 2kCosmos, 1k Tezos, 1k monero, 1k Link)

Remaining 10k keep as cash. Thank me later.

>> No.16593110

Lol 30k in a bank, what are you getting like .005% interest

>> No.16593485

>>16592621

sirgay prison 2020
stop spreading fraud

>> No.16593498

>>16592599
it would be better in a credit union savings account with a decent interest rate.

>> No.16593722

>>16592599
Its not okay until you get yourself some CENNZ regardless of what age you are, unless you hate money

>> No.16593874

I'm also 24 and roughly 480.000€ net worth and 1800€ in the bank. Materialism is a meme. Now all my effort is dedicated to retiring before 35. Fuck working.

>> No.16593979

>>16593110
1.8% from ally bank. Still not keeping up with inflation but whatever

>> No.16594233

Statistically it’s above average. A nice base but you should look to improve somehow. Every year research into another potential stream of income and slowly progress if you’re that lazy.

>> No.16594452

>>16592599
you should put 30k into bitcoin and take out student debt loans to buy more and wait 10 years

>> No.16594636

>>16593874
How much more do you need

>> No.16594671

if you havent made your first million by 25 youre a failure and should consider suicide

>> No.16595421
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16595421

>>16594671

>> No.16595434

>>16592640
latter is still better if they throw it all into btc. They are already ahead of the curve. If they invest all of it, they are going to be decades ahead of college grads.

>> No.16595443

If you're not a self-made millionaire by the age of 21 you're not gonna make it.

>> No.16595447

>>16595434
wow, toss 30k into btc. you get, tops, 500k during the next bullrun. big woop. all the collegegrads are out making 6figs+, the really successful ones making half a mill in FAAMG

>> No.16595472

>>16595447
>you get, tops, 500k during the next bullrun. big woop
That is immense, dumbass. That = down payment for an apartment = passive income. That also = capital to actually try to become self employed such as with wholesaling on amazon fba.

> all the collegegrads are out making 6figs+,
LOL. You havent graduated yet, have you? 44% of 22-27 yr old college grads are underemployed and 7/10 graduate with 29k+ in debt.
>the really successful ones making half a mill in FAAMG
What percent? :)) Are you one of them? Doubt it. Like .0000001%? Might as well buy fucking lotto tickets with those odds.

HILARIOUS that you CHERRYPICK examples instead of being REALISTIC.

Do YOU even have 500k? No fucking college grad is EVER going to see that much money all at once besides the like what, top 1-5% maybe?

>> No.16595486

>>16595472
what? of course if we are talking averages, then college is shit. everything in life is shit if you look at the averages. average male is 5'9" and has a 5" pencil dick, and makes no fuckin money. 500k isn't enough to make it

>> No.16595498

invest in something bro. not neceserily crypto, but invest it.

>> No.16595506

I was making 120k a year tax free at 26, with only military vocational training. You fags act like college is your only hope, but it is not.

>> No.16595516

>>16595506
how

>> No.16595540

>>16595486
>what? of course if we are talking averages, then college is shit. everything in life is shit if you look at the averages. average male is 5'9" and has a 5" pencil dick, and makes no fuckin money.
What you did above (such as mentioning being an employee in FAAMG) is unrealistic as SHIT.

> 500k isn't enough to make it
if youre not a retard it is. I even gave one easy as shit example. Real estate. Apartments for passive income. Some of the 300k (I expect btc to x10 after the halving) could be used to make a big down payment and then you'd just have to sit on your ass while others work for your money.

Lets be realistic. 40k is probably what the average starting pay is for college grads that arent underemployed. Fuck it. Lets round up to 60k (30an hr) as if thats even realistic. After taxes, thats like 40k so 3333 a month. Rent? Lets say 1500. Student loans? Lets just say 125 a month. Food. 200. Gas 160. Other expenses + some stuff for yourself, lets just say 500. Thats 848 a month. Honestly I feel I am under estimating bit whatever.
Lets say op made 300k with btc after a year with the 30k, thats lets just say 195k (lets say 195k due to shitmerica probably taxing/robbing like 35% of the 300k)/848=230 months of wagecucking and making 40k a year. Thats 19 fucking years of wagecucking all in one fucking year. Thats how ahead op would be if he goes all in and the log chart remains accurate.

Youre telling me 19 years is fucking nothing??

>> No.16595545

>>16595516
luck
I have a 2 yr degree. I actually make more with the job I have now than I would have with my shit vocational schooling. What a fucking joke.

Some people just simply dont understand the basic concept of SCARCITY. How 30% of jobs pay hardship wages and 32% pay livable wages. It is mathematically impossible for most people to succeed in this society the way that it currently is. You can do everything right, but that wont make scarcity go away.

>> No.16595560

>>16595545
to clarify, its still shit pay, just better than the shit field I got it in

>> No.16595616
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16595616

>>16592599
It's really good. A lot of people choose to take on debt to hopefully increase their earning potential. If you're able to have a good earning potential without the debt, it sets you pretty far ahead in life starting out.
But it's not a competition.

>> No.16595702

>>16592599
no, invest it, your money are being raped by inflation

>> No.16595767

>>16595702
this

>> No.16595771

>>16592599
if youre afraid of btc, just buy gold, though personally I would just buy btc and leave it alone. Btc has more growth left.

>> No.16596009

GrounderCoin CRCN via Forkdelta and private sales

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