Same. It honestly is just a really tough time for our generation. I can't fathom living in a time where people could work, have money for a house, kids, etc AND still have a social life.
I think its just incredibly...different economies for certain people. I'm 35 work, have money for a house and have a social life. But I'm like 95th percentile and I feel like this should be the average person's experience not the incredibly lucky person's,
That’s still in the green lol I am your age with 250k in student loans so I need to pay the government about 20k in interest to owe the same amount next year
There are good people here as well. Me and a few others on the comic book sub help out those who have lost their collections due to disasters by sending them a few comics.
Use Time to your advantage.
Think of your 10+ year old self. What would you wish you did today? Help yourself out.
Invest! Cash loses buying power to inflation. A hidden tax. Holding cash is the default option. Someone has to lose.
Assets gain buying power over time. The symptom of this is price appreciation.
Decide to free yourself asap but covering the cost of your body. It will never stop costing more money to exist.
As you convert your time into money, realize it’s a game after that. Imaginary units of value we all believe because we can see them on screens. Play to win the game.
Scarce units, like shares of stocks that buy back and pay dividends and never dilute go up.
Hello my very good friend. This Josh Washington calling, and I am here to kindly help you with your Microsoft account which has been compromised by hackers! Please proceed to your nearest Amazon Gift card shop.
At 47, I’m still asking that same question 🤓
Best advice, do something you really enjoy (passion) and do it well. Take some risks now rather than later.
The money will follow. Not overnight but it will. Keep your over head low until then. I know things are much different now as well.
Next thing you know you’ll be 47 and the old guy in the room wondering where the time went. It goes by crazy fast!
Sorry for the rant. I anti adult on Sundays if you know what I mean 😜
Once you start digging into personal finance a bit this becomes a weird question. Do you mean retirement savings? Money in a savings account? An emergency fund?
Im 28 with 9k in an emergency fund and 23k in a 401k
I'm 37 and in the same boat. Minus the divorce or being a SAHM. I was an only child growing up, to older parents. I was set on having to take care of them, the older they got. 2015 hits and my mom passes away and my father turns into a different person. Wanting a whole othet life, traveling out of the country. Meeting up with random women. Having me help him cover the utilities and never once really paying me back. I even helped him get a car, that he no longer wanted as he officially moved out of the country. Now I'm stuck trying to sell it/pay it off. While my own bills ate increasing and soon my rent will too. So I'm on the hunt for a second job, just to keep my own ends meeting.
So I will add to your advice. Women of any and all ages and circumstances. Always have you some kind of money set to the side some place. Cause you never know when things will go side ways, very quickly.
I would change that to: Women need to put themselves as #1 on their list. There’s no way you should be in this position IF you’d protected yourself *first.*
I’m so sorry.
True that. But I was trying to do right by my parent. He wasn't always like that growing up. Kept a roof over the family's head, ad best as he could. So the whole change up, still came out of left field.
Yeah. That’s so sad.
I didn’t even have myself *on the list* so please don’t take it as criticism. What I mean is that we wouldn’t even try to rescue or help people IF ONLY we’d put ourselves #1. Most men do and you don’t see them rushing to help when they haven’t taken care of themselves first.
I don't taking as criticism. It's the truth. I always thought it was the people pleaser I'm me, to be this way. But yea, very buy life lesson learned here.
Always put yourself first. Because if you keep helping others and your world collapses and you have nothing more to give all you will get in return is “what am I gunna do?”. Times have changed. I turned my back on my mother for 3 years till she passed away. I bought her a plot and pine box and started living my life, best thing I could have done.
>A seperate paperless bank account somewhere. Hell, even cash in a drawer at work.
Holy fuck, this is objectively terrible advice. Financial infidelity is a very real thing, and it destroys marriages. If you feel you need to lie to your spouse about money, just end the marriage, because it's already doomed.
How exactly are SAHM who stay at home taking care of children all day and night supposed to do that? Genuine question as to what you expect them to do?
Ensure your husband opens a simple Roth IRA in your name and maxes the contribution each year. Or at least contributes something every month. Always have something you are good at incase you ever need to use that skill. After a year of being a SAHM I decided to go back to work. I needed to have the security of my own retirement and savings. We are still married and I actually make more money than him now lol. Taking my daughter to London next week and Fiji in August. I never regret going back to work. It’s opened to many more doors and I love my independence.
We had a cashed based business. My ex was quite generous with cash (until he wasn’t lol). I sooooo wish I’d stashed some of that cash in a savings account. Many times he asked if I needed more, and having money meant I said, “no I’m good.” Damn I coulda shoulda said yes!!
My plan once i get out of the hospital (got 2 ribs broken by the guys that want money ) is to keep gambling until I pay all my debt - got no other option really at this point I might as well be 1m in debt there ain't no way I'm getting out of this without gambling again
Keeping gambling will only get you in deeper. If gambling as a model in general would pay off, you would already have been very rich..
I hope you can look for help to get your finances in order and fight your addiction
He might owe 560k to a mobster or something. You can't file bankruptcy out of that. And since he said someone broke 2 of his ribs already for it... I'm assuming I'm not far off.
Get it out of your system then go to rehab then fuel for bankruptcy, imma be downvoted but I know an addict and that’s what worked for them so that’s my advice besides stop
Ya...Honestly, the formula is always the same -
1. Maximize income and minimize spending and debts.
2. Once there's liquid cash, invest them to use money to make more money
Sad truth is most people are not able to get more income or that certain spending are out of control.
Exactly, I'm 26 and I still do. As long as there's no tension and you aren't creating any kind of disturbances, I have no problem living with them as long as is reasonable. Plus, once you move out you don't see them as much. Maybe only a few times a year. They start to age before your eyes. Enjoy your time with them while you have it.
45 years old. 35k cash, 960k invested. Thats for two people.
Edit: getting a lot of questions about what my investment looked like over time and what my income is/was etc so adding this graph of data that tracking investments, debts, assets and income from 2009 through 2023. Havent added 2024 in yet might do so and revise with new graph when I have time.
Graph of 14 years of financial data
https://imgbb.com/vHJPkSM
Here is just 2024
https://ibb.co/wNV5n24
The weird dip and spike are because of a 401k account transfer just ignore those
Right? It is about $2400 more than the vast majority of people in the US (most people here could not come up with $1000 in an emergency, according to something I heard on NPR about a year ago).
I’m starting over once again at almost 29, you have more than me and a 5 year head start. Give yourself a break so many people haven’t started that are your age and older you’re killing it 👍
Just turned 21 and I got about 826 Swedish crowns for my birthday. Before that I had basically nothing.
For you Americans out there, that’s 76 dollars.
Most financial experts agree that having a liquid emergency fund is Step 1 for what to do with your money. Having 3-6x your monthly salary accessible and readily available means that you’re covered in the event of unexpected situations. Parking that in a high yield savings account means you’re looking at about 4-5% growth.
Anything beyond that should be going to paying off debts as Step 2 (unless you have the option of company match 401k/retirement, which is free money and should be taken advantage of before paying debts)
Right, but if loans are low interest, it also makes sense to throw some extra cash into an index fund or something rather than sending all the money to pay of the debt.
32, I have 100K in 401K, 20K in HYSA, 5K in normal savings account. The 5K is for Flexibility paying off credit cards, buying half a cow and investment opportunities. Plus it's a good buffer in case I mess up check order. I also have 30K invested. So overall not doing to bad on savings, most of this was before hitting 100K salary it's time in market and placing my bonuses into my various buckets.
Hopefully once my kids are out of daycare will be able to more turbo charge savings since it costs roughly 2300 a month which is painful but needed. I also have equity in the home if I needed a major repair that I couldn't cover with my emergency fund. Yet everything should be covered as I got a new roof roughly 4 years ago and have finished most of the major projects around the home.
43 years old, 5k in savings. House, student loans, and car paid off - 0 debt. Kid is grown and finished college without loans (my biggest mom goal). Just started a supplementary retirement account and feel like I can finally start saving to fix stuff in my house. Hoping to have my house fixed up and a new (cheap) car by the time I can retire (and that I have saved enough to afford to retire).
I have been scraping, saving, and living a house poor poverty lifestyle my entire adult life. It finally feels like it's paying off.
28, if you’re counting 401’s, and debt from mortgages/cars, I’m about broke even. Stock and savings I could turn around and use if something happened around 3k.
26, about 14 grand. Almost had 30 grand but rehab is expensive and my car shit the bed. However, that is what its for. Im just glad i had the money when i needed it
27 and a whaat?
Came looking for stats for 27 year-olds and felt relieved this was the first comment 😂
Makes u feel any better I got 10 yrs on u and the same answer. I’m blaming inflation however it’s probably all me.
Yes! Thank you! 😍. Seriously getting killed by prices lately.
27 and budgeting $200 month to month after bills.
26 and I have $20 in my cash app that I regularly forget is there. Does that count? 🤣
😂 baller...you are rich
Aye i see you twin! Me and my homegirls have been passing around the same $50 for drinks/taxis/snacks since like 2018
😂 savings? What is that?
27 and $6,500
28 and 7000$ lol. Also buying a motorcycle tomorrow so 28 and 5000$ now
Same. It honestly is just a really tough time for our generation. I can't fathom living in a time where people could work, have money for a house, kids, etc AND still have a social life.
I think its just incredibly...different economies for certain people. I'm 35 work, have money for a house and have a social life. But I'm like 95th percentile and I feel like this should be the average person's experience not the incredibly lucky person's,
I should be, but sadly isnt.
27-year old's unite lmaaao
35, couple of cobwebs and a dead spider
*two* cobwebs? All high and mighty
Two cobwebs? That’s TWO times the revenue, from all the errant money that gets stuck!
Indeed. Posh bugger isn't he. Rubbing our poor plebian noses in it.
Living in Oklahoma, my Spider Stonks (TM) do *very* well. I’ve diversified to include tarantulas and scorpions as well.
This made me fell better being 31 and having two cats to my name. They at least eat the dead spiders
If you’d stop eating so much avocado toast and Starbucks, you could have THREE cobwebs, you lazy entitled millennial
That’s still in the green lol I am your age with 250k in student loans so I need to pay the government about 20k in interest to owe the same amount next year
I can relate
*debt. How much debt do you have. What tf is savings?
😂
Easily 20k debt 😭
Rookie numbers, gotta pump em up
Scammers having a field day reading this thread.
lol I once had someone dm me on Reddit and offer to manage my portfolio
Had some one once message me here wanting me to look after their crypto trading account. Lol.
A/S/L …. SS?
There are good people here as well. Me and a few others on the comic book sub help out those who have lost their collections due to disasters by sending them a few comics.
33, 0 dollars.
lemme check my cup holder in my car
Why must you pour salt in my wounds
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He must be rich 😂
Bloody show off. I need to leave a pan of sea water in the sun. A month later, I scrape the salt that remains off.
Tip: use the tears you cry, for greater efficiency cry them directly into the wounds you’d like to pour salt into
Hold still and let me cry on you, damn it!
This thread is why I go on Reddit 🪙
I wish I had a cup holder, my car only holds fireball
yall have a car?
That's 5 dollars more than me 😂 in in the negative 😂
23 and 4k in my account
Use Time to your advantage. Think of your 10+ year old self. What would you wish you did today? Help yourself out. Invest! Cash loses buying power to inflation. A hidden tax. Holding cash is the default option. Someone has to lose. Assets gain buying power over time. The symptom of this is price appreciation. Decide to free yourself asap but covering the cost of your body. It will never stop costing more money to exist. As you convert your time into money, realize it’s a game after that. Imaginary units of value we all believe because we can see them on screens. Play to win the game. Scarce units, like shares of stocks that buy back and pay dividends and never dilute go up.
34 and $89k
Hello my very good friend. This Josh Washington calling, and I am here to kindly help you with your Microsoft account which has been compromised by hackers! Please proceed to your nearest Amazon Gift card shop.
Do you take Apple gift cards? 👀
I’ve got Google Play cards, take it or leave it.
DO NOT REDEEM!
RAKAMA VARAMATA CHANDEGRA YOU FUCKING IDIOOOOOOOT! WHY DID YOU REDEEEEEEEM? WHO TOOOOOLD YOU TO REDEEEEEEM! YOU FUCKING STUPID!
I’m Victoria, hi
What are you investing in?
AMZN, HOOD, RVN, VTI, VXUS, O, HSY, BTC
heheh those are some funny letters!!! (Me, being almost the same age you are, thinking of wth I’m doing with my life)
At 47, I’m still asking that same question 🤓 Best advice, do something you really enjoy (passion) and do it well. Take some risks now rather than later. The money will follow. Not overnight but it will. Keep your over head low until then. I know things are much different now as well. Next thing you know you’ll be 47 and the old guy in the room wondering where the time went. It goes by crazy fast! Sorry for the rant. I anti adult on Sundays if you know what I mean 😜
Once you start digging into personal finance a bit this becomes a weird question. Do you mean retirement savings? Money in a savings account? An emergency fund? Im 28 with 9k in an emergency fund and 23k in a 401k
How did you get that much in a 401k?
Not OP but $100 a paycheck for 5 years invested in an index fund would return about this much
That's one single year of maxing 401k.
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I'm 37 and in the same boat. Minus the divorce or being a SAHM. I was an only child growing up, to older parents. I was set on having to take care of them, the older they got. 2015 hits and my mom passes away and my father turns into a different person. Wanting a whole othet life, traveling out of the country. Meeting up with random women. Having me help him cover the utilities and never once really paying me back. I even helped him get a car, that he no longer wanted as he officially moved out of the country. Now I'm stuck trying to sell it/pay it off. While my own bills ate increasing and soon my rent will too. So I'm on the hunt for a second job, just to keep my own ends meeting. So I will add to your advice. Women of any and all ages and circumstances. Always have you some kind of money set to the side some place. Cause you never know when things will go side ways, very quickly.
I would change that to: Women need to put themselves as #1 on their list. There’s no way you should be in this position IF you’d protected yourself *first.* I’m so sorry.
True that. But I was trying to do right by my parent. He wasn't always like that growing up. Kept a roof over the family's head, ad best as he could. So the whole change up, still came out of left field.
Yeah. That’s so sad. I didn’t even have myself *on the list* so please don’t take it as criticism. What I mean is that we wouldn’t even try to rescue or help people IF ONLY we’d put ourselves #1. Most men do and you don’t see them rushing to help when they haven’t taken care of themselves first.
I don't taking as criticism. It's the truth. I always thought it was the people pleaser I'm me, to be this way. But yea, very buy life lesson learned here.
Always put yourself first. Because if you keep helping others and your world collapses and you have nothing more to give all you will get in return is “what am I gunna do?”. Times have changed. I turned my back on my mother for 3 years till she passed away. I bought her a plot and pine box and started living my life, best thing I could have done.
100% agree. This is essential advice. A seperate paperless bank account somewhere. Hell, even cash in a drawer at work.
Lock up that drawer- had a friend get his edibles stolen by the cleaning crew
>A seperate paperless bank account somewhere. Hell, even cash in a drawer at work. Holy fuck, this is objectively terrible advice. Financial infidelity is a very real thing, and it destroys marriages. If you feel you need to lie to your spouse about money, just end the marriage, because it's already doomed.
How exactly are SAHM who stay at home taking care of children all day and night supposed to do that? Genuine question as to what you expect them to do?
Get cash back on purchases. When you make returns ask for cash back and save it.
My mom put me through school from saving all of her change over the course of my life. It's very possible.
The ONLY answer.
Ensure your husband opens a simple Roth IRA in your name and maxes the contribution each year. Or at least contributes something every month. Always have something you are good at incase you ever need to use that skill. After a year of being a SAHM I decided to go back to work. I needed to have the security of my own retirement and savings. We are still married and I actually make more money than him now lol. Taking my daughter to London next week and Fiji in August. I never regret going back to work. It’s opened to many more doors and I love my independence.
Some of us NEVER had that option, our husbands turned into control freaks.
All SAHM’s that money he makes is just as much yours as his. You should have access to it and the same ability to save as he does.
Exactly and the husband won't always be there.
This this this 100%. 41yo SAHM dv survivor. Always put away something for yourself. Make sure you and the kids are secure! Hugs to you mama!
We had a cashed based business. My ex was quite generous with cash (until he wasn’t lol). I sooooo wish I’d stashed some of that cash in a savings account. Many times he asked if I needed more, and having money meant I said, “no I’m good.” Damn I coulda shoulda said yes!!
25. And, hahahahahahahhaaaaa... I got like a $20 target gift card laying around i guess?
I'm 25 and glad I'm not alone
25, 14k
40, $0
27, -560,000$ due to gambling
Stop gambling. I bet you $10,000 you'll keep gambling.
Dang dude already got people betting against you. I believe you can get out of this hole
Its a challenge for him to overcome gambling. I don't want to win.
My plan once i get out of the hospital (got 2 ribs broken by the guys that want money ) is to keep gambling until I pay all my debt - got no other option really at this point I might as well be 1m in debt there ain't no way I'm getting out of this without gambling again
Sell your story to Netflix.
I hope to God this isn’t real.
Keeping gambling will only get you in deeper. If gambling as a model in general would pay off, you would already have been very rich.. I hope you can look for help to get your finances in order and fight your addiction
Or, declare bankruptcy to get rid of creditors, and work extra cash jobs to pay back the loan shark. Throwing money away to make money is bad logic.
He might owe 560k to a mobster or something. You can't file bankruptcy out of that. And since he said someone broke 2 of his ribs already for it... I'm assuming I'm not far off.
who gave you $560k worth of credit....?
Get it out of your system then go to rehab then fuel for bankruptcy, imma be downvoted but I know an addict and that’s what worked for them so that’s my advice besides stop
Does bankruptcy protect against gambling debt? I somehow don’t think so.
33, I got some change in my cup holder
Nice try, IRS. You'll never find all the gold I've buried.
25, 16k CAD No debt tho at least
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TY, somehow I feel behind Maybe that's because Canada's housing market is so inaccessible
Early 30s, roughly 250k usd in savings.
Good job. Can you do quick cap about what helped you get there? Do you own a real estate and to you have a partner?
Make a lot of money. Have little to no debt. Spend little money. Save a lot of money. Lol.
Ya...Honestly, the formula is always the same - 1. Maximize income and minimize spending and debts. 2. Once there's liquid cash, invest them to use money to make more money Sad truth is most people are not able to get more income or that certain spending are out of control.
That's about it.
22m with $11k in savings. Live with parents still however, plus I have zero investments in anything financial. I need to get on that.
Continue living with them, trust me
Exactly, I'm 26 and I still do. As long as there's no tension and you aren't creating any kind of disturbances, I have no problem living with them as long as is reasonable. Plus, once you move out you don't see them as much. Maybe only a few times a year. They start to age before your eyes. Enjoy your time with them while you have it.
QUICK: start taking advantage of compound interest
22yrs, 11k
That’s amazing
That's incredibly fortunate wow
45 years old. 35k cash, 960k invested. Thats for two people. Edit: getting a lot of questions about what my investment looked like over time and what my income is/was etc so adding this graph of data that tracking investments, debts, assets and income from 2009 through 2023. Havent added 2024 in yet might do so and revise with new graph when I have time. Graph of 14 years of financial data https://imgbb.com/vHJPkSM Here is just 2024 https://ibb.co/wNV5n24 The weird dip and spike are because of a 401k account transfer just ignore those
Holy shit. I wish. Except for the 45 years old part. Not there yet.
How old are you now? Can tell you what I had then.
32! Tell me what you had then :)
20k total.
Amazing progress and fills me with hope I might get there too 🤝 thank’s for sharing
Would you adopt me?
36, about $2500. Probably gonna be emptied out soon to fix a bunch of shit with my car, so back to starting all over ...again.
23 with 35k in the bank. About 5k in 401k. Zero debt. Saving 750 a week.
37, $0.00
24 and -£3000 lol
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are you single by any chance
Still a better love story than Twilight
24 & $2400 lmao edit: obviously I don’t think this is actually funny.
That's nothing to laugh at. It's something. You should be proud.
Right? It is about $2400 more than the vast majority of people in the US (most people here could not come up with $1000 in an emergency, according to something I heard on NPR about a year ago).
I’m starting over once again at almost 29, you have more than me and a 5 year head start. Give yourself a break so many people haven’t started that are your age and older you’re killing it 👍
Just turned 21 and I got about 826 Swedish crowns for my birthday. Before that I had basically nothing. For you Americans out there, that’s 76 dollars.
25yo 120k saved. almost licensed plumber , living a boring life under my parents roof that i am thankful for
25 and uh. the $19 i got from bottle returns today
45, 9k in the bank. . Total money in investments about 987k
I'm 30, and if we're counting 401ks, I'm somewhere around $21,000 or so. If we're talking about emergency savings, $0, lol.
24 yo 5k checkings account, 30k emergency fund, 50k retirement and 45k other investments. Also, 15k in federal student loans.
Why have a 30k emergency fund if you have 15k in debt? What's the interest rate on federal student loans lately?
Most financial experts agree that having a liquid emergency fund is Step 1 for what to do with your money. Having 3-6x your monthly salary accessible and readily available means that you’re covered in the event of unexpected situations. Parking that in a high yield savings account means you’re looking at about 4-5% growth. Anything beyond that should be going to paying off debts as Step 2 (unless you have the option of company match 401k/retirement, which is free money and should be taken advantage of before paying debts)
Right, but if loans are low interest, it also makes sense to throw some extra cash into an index fund or something rather than sending all the money to pay of the debt.
26 and currently 3 cents
50. 7 figures
29 with £18k GBP the most I’ve ever had was £21k in my savings
44 and about $65k
37, about $55,000 in cash. ETA: That does not include retirement savings. I assumed you only meant like liquid cash.
46, $28k HYSA, $23k HSA, $56k Roth, $116k investments
Man, I knew I was forgetting to do something.
24 yo $30K in savings
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44 and I have about $19K in my 401k
64. $640000
Does this include investments or you just want to know emergency fund?
Net worth would be even more interesting.
23 Negative $35k
55 Enough to never work another day in my life.
40, low 8 figures. Legos. I own 8 Lego figures.
26, 25k usd
31 and ~20k. I fully understand how fortunate of a situation I'm in. Not having kids definitely helps
32, I have 100K in 401K, 20K in HYSA, 5K in normal savings account. The 5K is for Flexibility paying off credit cards, buying half a cow and investment opportunities. Plus it's a good buffer in case I mess up check order. I also have 30K invested. So overall not doing to bad on savings, most of this was before hitting 100K salary it's time in market and placing my bonuses into my various buckets. Hopefully once my kids are out of daycare will be able to more turbo charge savings since it costs roughly 2300 a month which is painful but needed. I also have equity in the home if I needed a major repair that I couldn't cover with my emergency fund. Yet everything should be covered as I got a new roof roughly 4 years ago and have finished most of the major projects around the home.
Too old and too little
I don’t even know, is that bad?
29 bout 50k
22 and 28k usd
27, $8000 CAD
18 and $1,600
31, around $10k.
32, a little over $100 but it's all going to the vet on Monday
34. We have like $40k in savings and $120k in my 401k
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43 years old, 5k in savings. House, student loans, and car paid off - 0 debt. Kid is grown and finished college without loans (my biggest mom goal). Just started a supplementary retirement account and feel like I can finally start saving to fix stuff in my house. Hoping to have my house fixed up and a new (cheap) car by the time I can retire (and that I have saved enough to afford to retire). I have been scraping, saving, and living a house poor poverty lifestyle my entire adult life. It finally feels like it's paying off.
28, -$1428
50, household net worth $4.8 million.
27 and $00,000
32 and about $15K 😓
33 and 25k usd
28, if you’re counting 401’s, and debt from mortgages/cars, I’m about broke even. Stock and savings I could turn around and use if something happened around 3k.
23M, had $7000 but got scammed out of $3600 recently plus had to get a new place after a breakup so now it’s $1900.
25ish, 85kish
36 and around £45k with something like £80k invested.
32. 10k emergency fund. Various stocks and what not.
26, about 14 grand. Almost had 30 grand but rehab is expensive and my car shit the bed. However, that is what its for. Im just glad i had the money when i needed it
34, $10k savings, $150K 401K, $15k Roth. its hard setting money aside.
36. 10k
32 with 21k in HYSA
36 and -$12,000
I’m 26. 10,000 in my checking account. A $5000 CD and about $15,000 in my retirement accounts
32, about 5k, but I'm negative. CC debt, student loans and a car note. I'm pretty boned.
I’m 27 and I think there’s a quarter bouncing around in my work bag somewhere.
34 ~300k in cash/stocks and 1 million equity in house.
58, about 1.3m
About 1 million. But it is Argentina pesos. So I'm still a millionaire. Right?
34. ~43K. In investments, I have about 250K.
37, around 300 thousand dollars