The 31-year-old Reddit user recently opened about his financial situation in a report that resonates with hundreds of others. While working $ 20 per hour, and taking a second job on weekends for $ 12 an hour, the original poster said they were worried about the future and asked their colleagues for millennia: “How are you financially successful?”
“I’m very excited about my future,” the poster wrote. “I’m worried that I will eventually become the old Walmart people who stand in front of the store, greets people.”
Don’t miss it:
The person described his situation in detail: $ 3,500 in a high -income account, $ 20,000 in the old 401 (K), $ 5,000 Roth IRA and about $ 8,000 debt division between student loans and credit cards. They live with their mom and contribute to the mortgage, which has about $ 45,000 left. “We will probably be able to pay the house in five years,” they added.
Many people could associate and share similar stories when they felt stuck or exciting.
“Pressed 40 and worked a deadlock job for $ 16/h,” replied one person. “I have $ 1 savings, ~ $ 8, ~ $ 90, $ 11.5,000 in credit limit on my card, and interest eats me alive.”
Another person summarized his situation as follows: “The poorer than most of my age – the oldest millennium. I resign because it is for me, that dream of a trip, that luxury resort, having beautiful things, children going to college with less debt or me.”
Trend: Invest where it hurts – and help millions to heal: Invest in Cytonics and Help Disturb 390B USD Great Pharma Stronghold;
Others said they were doing better, but they still feel stretched. One 35-year-old shared: “Divorced and earn $ 34/h rent a small 2 bed/1 bath apartment, no children. There is no $ 127,000 and $ 30,000 saving my 401 (k).
One of the parents said they earn $ 115,000 a year and have a house, but with children and without a second income, it is “strict”, but they have no debt except the mortgage and their needs are met.
Some commentators reported strong finances, but many emphasized how rare and fragile this position was. One couple, both Tech, said they earn more than $ 300,000 each year with $ 1.6 million. “We were very lucky. I really didn’t plan it,” they wrote.