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July 19, 2011 @ 05:24 PM
CrackPipeLips

Post: 2008

Join Date: May 2011

You don't have to make a lot of money to be rich when your a bit older. For example, if I make 50K a year, and invest ~500-1000 a month in some sort of mutual fund or high interest savings account, ill have a nice amount of cash by the time im 45.

I've realized that saving really is the way to get rich. Fuck going to school for 10 years and trying to get a PhD to get a job paying 100 grand a year. I'd rather go to school for 2 and make half that.
July 19, 2011 @ 05:29 PM
PlugTunin

Post: 423

Join Date: Nov 2010

Location: Your Mom\'s Couch, E...

for the most part, and im not saying its impossible, its hard to make 50 K without some kind of education beyond high school

This new layout is a disappointment

July 19, 2011 @ 05:31 PM
deadpooL

Post: 2374

Join Date: Jun 2008

Location: Tokyo

lol @ rich at 45.

July 19, 2011 @ 05:39 PM
hypoh

Post: 2461

Join Date: May 2008

Location: NoVA

$50000/yr - ~30% taxes = $2900/mo

Subtract your $1000 investment and you have only about $1900 to spend on rent/mortgage, car payments, bills, food, etc. You'll be living paycheck to paycheck; hardly rich.
July 19, 2011 @ 05:56 PM
CrackPipeLips

Post: 2008

Join Date: May 2011

$50000/yr - ~30% taxes = $2900/mo

Subtract your $1000 investment and you have only about $1900 to spend on rent/mortgage, car payments, bills, food, etc. You'll be living paycheck to paycheck; hardly rich.


uh 30% taxes? I live in Canada, and my paychecks are around 1100 before tax, and about 950 after. So thats no where near 30%.

Making 50K a year isn't that hard if you work in a trade, which requires a small amount of schooling. Then further down the road, when you have a lot more experience, you can start your own small trades company. If you are good at what you do, you will attract lots of business.

What I am saying is today, for the most part, people live beyond their means. You can easily save money if you want to, it just involvs cutting certain things out of your life.
July 19, 2011 @ 05:59 PM
erico223

Post: 822

Join Date: Nov 2008

Location: beyond the walls of...

i agree with crackpipelips.........SKILLED TRADES ALLL DAY!!!!......i also live in CT which has the highest taxes :/
July 19, 2011 @ 06:04 PM
ᴊᴜᴀɴ

Post: 6244

Join Date: Jun 2007

Location: Lurking

Fuck I should move to Canada
July 19, 2011 @ 06:06 PM
jaded

moderator

Post: 7934

Join Date: Feb 2008

Location: ಠ______ಠ

Become an electrician

i'm the best mayne, i deed it

July 19, 2011 @ 06:06 PM
CrackPipeLips

Post: 2008

Join Date: May 2011

Fuck I should move to Canada


we pay higher sales tax though, so that kind of balances it out. Here in BC we pay 12% on everything we buy, goods and services.

In addition to what i was saying before, i am seeing mad homies graduate with business degrees and shit and working for like 13 bucks an hour. I used to be in business school but I have changed directions. Last semester every single class was pretty much full a month into registration. Mad people are taking business courses because they think its going to get them rich. The only upside to business school that i can see at this point is networking.
July 19, 2011 @ 06:09 PM
|||||| |||||| ||||||

Post: 651

Join Date: Jan 2010

Location: Oregon

Become a plumber. people are never gonna stop pooping.

| devenmmccoy.tumblr.com | | devenmmccoy | IG | https://www.flickr.com/photos/78628245@N07/

July 19, 2011 @ 06:10 PM
CrackPipeLips

Post: 2008

Join Date: May 2011

money.msn.com/college-savings/is-a-college-degree-worthless-smartmoney.aspx

The second graph illustrates my point perfectly.
July 19, 2011 @ 06:17 PM
jtangtwenty3

Post: 1082

Join Date: Dec 2010

Location: chicago/cincinnati

combine your idea and a degree and then we're getting somewhere.
why would you go to school for only 2 years if going another 2 basically guarantees higher wages even for the same job. especially if you live in canada, isnt tuition hella cheap there?

dont trust my opinion though, im just a lowly art studentsad
July 19, 2011 @ 06:32 PM
myBallz

Post: 379

Join Date: Jun 2011

for the most part, and im not saying its impossible, its hard to make 50 K without some kind of education beyond high school


true that
July 19, 2011 @ 06:38 PM
hypoh

Post: 2461

Join Date: May 2008

Location: NoVA

uh 30% taxes? I live in Canada, and my paychecks are around 1100 before tax, and about 950 after. So thats no where near 30%.


Once you make $41,544, you'll be hit with 22% federal income tax, plus your provincial income taxes.
July 19, 2011 @ 06:39 PM
CrackPipeLips

Post: 2008

Join Date: May 2011

Once you make $41,544, you'll be hit with 22% federal income tax, plus your provincial income taxes.


if you invest the money you would spend on schooling early, it would pay off in the long run more than degree would in my opinion.

I'm not saying consistently save a G every month either. I said 500-1000
July 19, 2011 @ 06:40 PM
xVILLN

Post: 6305

Join Date: Mar 2010

Location: LA

become an electrician


cool

http://illestxvillian.tumblr.com/

July 19, 2011 @ 06:41 PM
Patrick of LA

Post: 372

Join Date: Feb 2009

You don't have to make a lot of money to be rich when your a bit older. For example, if I make 50K a year, and invest ~500-1000 a month in some sort of mutual fund or high interest savings account, ill have a nice amount of cash by the time im 45.

I've realized that saving really is the way to get rich. Fuck going to school for 10 years and trying to get a PhD to get a job paying 100 grand a year. I'd rather go to school for 2 and make half that.


wut
July 19, 2011 @ 06:51 PM
CrackPipeLips

Post: 2008

Join Date: May 2011

wut


like i said, people live beyond their means. if you want to save there are plenty of unnecessary expenses you can cut out.
July 20, 2011 @ 07:04 AM
hndlz

Post: 1738

Join Date: Aug 2010

Location: Miami, FL

why do yall think so average? why not try to be "rich" by 30 or 25. if you plan on savin only a litte every month, and only makin 50k then go for it. ill be settin goals much higher. btw bosses dont think like that. its not illegal to hopes and dreams ma peeps.

hndlz.tumblr.com

July 20, 2011 @ 10:13 AM
michael lee

Post: 134

Join Date: Aug 2009

lol. op doesn't understand how the world works. unless you're still living with your mom at home, investing a grand a month with a salary of 50k is extremely difficult when you have those monthly expenses.and you're talking about canadian money? shiiiit. 50k canadian is like 18 american dollars.


Actually, 50,000.00 CAD = 52,835.80 USD.
July 20, 2011 @ 10:16 AM
Denny Crane

Post: 1914

Join Date: May 2006

50k canadian is like 18 american dollars.


I'm trying to work out if this is a joke or not, and I can't.

oh michael you beat me!
July 20, 2011 @ 10:22 AM
trevxv3

Post: 1820

Join Date: May 2010

Location: SoCal

50k after taxes? then a grand a month isnt too bad, 50k before taxes, your living with your mom.

fyi good luck finding an account that yields that high of an interest rate. High return rate accounts at an investment firm dont usually come in until you have plenty of cash to blow. Starting at 1k a month wont do you too much good until after about 3 or so years and even then your margins will be razor thin at best. Long term accounts that yield more interest as you go are a bitch to stick with because their may be unplanned expenses. also, if you have kids, then this whole thing goes out the window.

SATIRE GANG OR MOW YOUR LAWN FOR FREE

July 20, 2011 @ 11:31 AM
CrackPipeLips

Post: 2008

Join Date: May 2011

50k after taxes? then a grand a month isnt too bad, 50k before taxes, your living with your mom.

fyi good luck finding an account that yields that high of an interest rate. High return rate accounts at an investment firm dont usually come in until you have plenty of cash to blow. Starting at 1k a month wont do you too much good until after about 3 or so years and even then your margins will be razor thin at best. Long term accounts that yield more interest as you go are a bitch to stick with because their may be unplanned expenses. also, if you have kids, then this whole thing goes out the window.


I'm not planning on having kids. I hate kids. But yeah, i understand what you're saying.

And to previous poster who said set goals higher, i'd love to, but i'm already 21 and realizing 8 years of school isn't for me. I don't really see myself making more than 50-60K a year in my life. Unless I start a business of some sort, but without school its highly unlikely. I understand a lot of people in HB are materialistic, and so am I to a certain extent, but instead of working my ass off for the next 10 years to have a lot of money when i'm older, i'd rather enjoy my youth.
July 20, 2011 @ 12:10 PM
Moneycat

Post: 98

Join Date: Jul 2011

I cant save, this is why im always broke.
July 20, 2011 @ 12:41 PM
Jackson12

Post: 364

Join Date: Aug 2009

Location: Ottawa

i see this plan not going very well
July 20, 2011 @ 02:07 PM
bocadin gio

Post: 175

Join Date: May 2010

Location: dallas texas

Im in school right now studying architecture/engineering and its only taking me 4 years to get a degree in architecture and 8 in engineering. if you just sacrifice 2 extra years you can get more money and save 1,000 a week till you are 40. get yourself a Aston Martin. swagg.
July 20, 2011 @ 02:10 PM
CrackPipeLips

Post: 2008

Join Date: May 2011

Im in school right now studying architecture/engineering and its only taking me 4 years to get a degree in architecture and 8 in engineering. if you just sacrifice 2 extra years you can get more money and save 1,000 a week till you are 40. get yourself a Aston Martin. swagg.


so 12 years of school? No thanks.
July 20, 2011 @ 02:23 PM
Corny Al

Post: 704

Join Date: Jul 2008

July 20, 2011 @ 02:53 PM
Phlipstar

Post: 1824

Join Date: Mar 2006

Location: Illmatic, Track 2

This is hypebeast. Only thing ♥♥♥♥♥s save for is for the next supreme drop and when gucci goes on sale.

Really though, i'm not trying to wait to be 40-50 to ball out. I want this money before I'm married/got kids so I can all this dumb and reckless, ballin shit out of my system. Already got my bachelors, just need 2 1/2 more years for grad school. After that, it's a guaranteed well over 100k after taxes, no working nights, weekends, and holidays and 4 weeks vacay a year. Aim high ♥♥♥♥♥s, you only live one life.
July 20, 2011 @ 02:55 PM
mYslead

Post: 1137

Join Date: Jan 2008

Location: Montreal

uh 30% taxes? I live in Canada, and my paychecks are around 1100 before tax, and about 950 after. So thats no where near 30%.

Making 50K a year isn't that hard if you work in a trade, which requires a small amount of schooling. Then further down the road, when you have a lot more experience, you can start your own small trades company. If you are good at what you do, you will attract lots of business.

What I am saying is today, for the most part, people live beyond their means. You can easily save money if you want to, it just involvs cutting certain things out of your life.


the more you make money, the more they take. it depends in which brackets you are.

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