For a 32 year old to have? I feel like I've set myself up nicely for the future but I'm never satisfied. I always have the itch to gamble. Looking for senior advice and people who have been in my shoes before. What were some of the best investments that you made when you were my age?
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Not there yet (32) but the answer is property. If you can accumalate it do it.Comment -
Warren Buffett Compound effect.
I also think most people make the mistake of thinking, Oh I am ok because i saved 1 year or 2 years worth of money, which is great but what you need to really do is keep yourself marketable with options. Most people get a career and just sit on it and complain about Frank becoming the boss cause he kissed ass to the previous boss. You need to work harder on making yourself an asset to the workforce or self employed world. You save what you can but your really savings is your growing and advancing everyday skill set. Most long term successful people know a ton of different shit, very few have only one type of business.Comment -
A property with reliable income potential.
Like a shop with an established tenant already in it. Preferably with an attached residence that can be separately rented out for more reliability of income.
And search until you find one that is positively geared (income higher than mortgage/costs). Will probably be in a poorer area where less people aspire to own or invest, but they are out there..Comment -
The amount = ROI will meet your nutComment -
If you gamble too much you will have no savingsComment -
I’ve seen this guideline before:
At age 30 you should have 1 year’s salary saved
Age 35 = 2 years
Age 40 = 3 years
Age 45 = 4 years....
Retirement age = 10 yearsComment -
liquid 200k.... 50k in a checking at all times.Comment -
also some good advice.. spent 250k+ on my education.. some will say money down the drain because I didn't have a job that paid six figures out the gate, but the knowledge, contacts, and most importantly, thought process its left me with for the rest of my life were the real value in it (for me at least).Comment -
Stay outta debt. Own things outright.Comment -
used to say I regret it, but id honestly do it again. if I was going to work everyday and the only goals I had were either a Mercedes or whatever material shit my girl wanted, id consider it a pretty sorry ass life. I paid 250k+ but in the long run I'm going to save a lot more by not chasing the greener grass for some superficial life.Comment -
They marriage and kids is life destruction
Get laid 50 times
And it costs you 800k
LolComment -
again all of you too focused on money and education, education and money are just tools to make yourself better, you got use both very wisely to make you better not give the banks moree money to invest ie savings or a nice wall plaqueComment -
Do not make money your God
It does not give you happiness or good health
More money more issues in lifeComment -
Not married, no kids, and debt freeComment -
Everyone different depending on lifestyleComment -
Having the money and credit to buy real estate when everything crashes...this is the best way to build a fortune.... save and be patientComment -
It’s hard now as far as real estate
Tough to see epic crashes like the last oneComment -
Cash is for emergencies. 32 is a good age to look into high dividend yielding etf funds or something similar. Vbk is a high growth dividend paying investment.
Real estate backed EtFs good as well.
Don't be cash rich. Keep enough for emergencies.Comment -
1 year salary saved by age 30? That's so easy. Should be minimum 2 years by then. Sitting on your ass if all you can muster by age 30 is 1 year salary saved.
Despite having student loan payment of $500/month + car payment $250/month, I saved over $10k in 3 months through FT work + uber weekend driving end of 2018.Comment -
At this point... 10 bucksComment
