1. #1
    dsgator55
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    Whats a good amount of cash??

    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?

  2. #2
    ans61201
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    Not there yet (32) but the answer is property. If you can accumalate it do it.

  3. #3
    danshan11
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    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.

  4. #4
    Optional
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    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.

  5. #5
    Sam Odom
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    The amount = ROI will meet your nut

  6. #6
    jjgold
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    If you gamble too much you will have no savings

  7. #7
    DOM_Toretto
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    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 years

  8. #8
    shocka1212
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    liquid 200k.... 50k in a checking at all times.

  9. #9
    KVB
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    Quote Originally Posted by dsgator55 View Post
    ...What were some of the best investments that you made when you were my age?
    Invest in your own education and mind.

  10. #10
    shocka1212
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    Quote Originally Posted by KVB View Post
    Invest in your own education and mind.
    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).

  11. #11
    Regul8er
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    Quote Originally Posted by shocka1212 View Post
    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).
    Spent 250K+ on your education? Are you serious?

  12. #12
    TheMoneyShot
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    Quote Originally Posted by dsgator55 View Post
    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?
    Just don't get married and divorced. Bye bye to your cash.

  13. #13
    Harry N. Lloyd
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    Stay outta debt. Own things outright.

  14. #14
    shocka1212
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    Quote Originally Posted by Regul8er View Post
    Spent 250K+ on your education? Are you serious?
    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.

  15. #15
    shocka1212
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    Quote Originally Posted by TheMoneyShot View Post
    Just don't get married and divorced. Bye bye to your cash.
    also some good advice.

  16. #16
    jjgold
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    They marriage and kids is life destruction

    Get laid 50 times
    And it costs you 800k

    Lol

  17. #17
    danshan11
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    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 plaque

  18. #18
    Regul8er
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    Quote Originally Posted by shocka1212 View Post
    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.
    Got It....at least you aren't ashamed to admit it, props to you buddy. Sometimes I forgot how much education really does cost; guess I was just lucky enough to fall into a couple fortunate situations.

  19. #19
    jjgold
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    Do not make money your God

    It does not give you happiness or good health

    More money more issues in life

  20. #20
    dsgator55
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    Not married, no kids, and debt free

  21. #21
    BigJay
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    Quote Originally Posted by TheMoneyShot View Post
    Just don't get married and divorced. Bye bye to your cash.
    This

  22. #22
    jjgold
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    Everyone different depending on lifestyle

  23. #23
    pilebuck13
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    Having the money and credit to buy real estate when everything crashes...this is the best way to build a fortune.... save and be patient
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  24. #24
    jjgold
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    It’s hard now as far as real estate

    Tough to see epic crashes like the last one

  25. #25
    THam12
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    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.

  26. #26
    shocka1212
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    Quote Originally Posted by pilebuck13 View Post
    Having the money and credit to buy real estate when everything crashes...this is the best way to build a fortune.... save and be patient

  27. #27
    Big Bear
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    Quote Originally Posted by dsgator55 View Post
    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?
    $2,000

  28. #28
    Big Bear
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    Quote Originally Posted by jjgold View Post
    Do not make money your God

    It does not give you happiness or good health

    More money more issues in life
    Amen to that brotha

  29. #29
    eaglesfan371
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    Quote Originally Posted by DOM_Toretto View Post
    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 years
    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.

  30. #30
    funnyb25
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    At this point... 10 bucks
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  31. #31
    Big Bear
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    Quote Originally Posted by DOM_Toretto View Post
    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 years

    I dont think many have anything saved by 35

    most are in debt

  32. #32
    funnyb25
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    Quote Originally Posted by Big Bear View Post
    I dont think many have anything saved by 35

    most are in debt
    Not good

  33. #33
    eaglesfan371
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    Quote Originally Posted by Big Bear View Post
    I dont think many have anything saved by 35

    most are in debt
    Mortgage debt generally does not count against you, since homes appreciate and you gain equity overtop of the mortgage balance. CC/Student/Car debt count.

  34. #34
    Big Bear
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    Quote Originally Posted by eaglesfan371 View Post
    Mortgage debt generally does not count against you, since homes appreciate and you gain equity overtop of the mortgage balance. CC/Student/Car debt count.
    Most at 35 don’t own any property either

  35. #35
    2daBank
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    Quote Originally Posted by Big Bear View Post
    I dont think many have anything saved by 35

    most are in debt
    I don’t think you have any freaking clue.

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