dmcowen674
No Lifer
I believe I had >$1000 in interest on my savings last year (Hooray for rewards checking).
Am I not a real American?
1%er Alert
I believe I had >$1000 in interest on my savings last year (Hooray for rewards checking).
Am I not a real American?
I too thought this was hilarious. This will really help the middle class! My mom won't be taxed on her $3 of interest for the year.
You're just being picky. As soon as people start working their savings should start growing. I had $30K+ in savings after my first year working.
You made over 40k in HS?
I easily made this during HS. 40K is only 10K a year. Doesn't take a full time job to do that even.
That's because you're part of the 47%. For the rest of us with savings and investments, especially retired seniors, this is a huge win.
That's because you're part of the 47%. For the rest of us with savings and investments, especially retired seniors, this is a huge win.
I'm quoting you arbitrarily. Either way I was talking about working after college. I blew all my money in HS on a car, beer, and girls.
I'm literally saying that I put about $35K in the bank after taxes and bills during my first year working. It's simply a matter of working and living within your means. I put about $100K in my second year since I didn't have to buy furniture, a car, etc, and I was making more money.
The problem that people have is they go out and buy depreciating assets like cars the second they make more money. Yes I bought a car when I graduated from college but I bought it used and I kept it in good shape for 10 years. That's a huge savings compared to blowing money on a new car every 3 years. The other huge thing I did was not buy into the housing bubble. It was obvious to me that something was wrong so I rented and that made me far wealthier than everyone around me who bought property thinking they were going to get rich on it. None of them did. Everyone's property is worth less than when they bought it unless they bought property a long ass time ago. Add to that the lack of a need to buy each iphone and a flat screen TV for each room in my place and suddenly I have a nice nestegg and zero debt.