62% of Americans have less than $1000 in savings

Uptown WaYo87

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not to sound like a dikkhead, but a G isn't a hell of a lot of money in 2018. it would be pretty crazy if 60 percent of adults dont have that on hand :huhldup:


I live in nyc. A G aint shyt anymore. I pay 1575 for a one bedroom in the bronx smh..its a big 1 bedroom wooden floors n all but its still too much. I hear with 1575 i can live in a 3 story house in florida with a pool n everything

I blow thru 3 gs just on bills every month (rent, car insurance, groceries, cable, con ed, gasoline, phone bill, weed n alcohol i count that as well). Dont help either that i like rocking expensive shyt and this past summer i kind over did it with the bars n lounges. Back in june i spent a total of 7gs n it was just from me going out/bills smh.

Only shyt is i can only do the job (film business) i do here in nyc n its been my only work experience for the past 11 years. My job doesnt exist down south and if it does its super minimal n not as profitable as it is here
 

dora_da_destroyer

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I been telling people I know for awhile if the people at the top of the economic ladder keep putting they foots on everyone neck like they have over the last 40 years with the brief exception of the .com boom where it seemed like everyone was eating shyt is going to turn violent soon in this country.
it won't, because white working class and poor people will continue to back their 1% overlords as long as it oppresses "others". they're dumb enough to believe that their whiteness alone will provide access to the upper echelon when even during the country's founding, when all there was to think about was white men, elite whites set the system up to exclude, oppress, and limit the power of the common (white) man off jump
 

dora_da_destroyer

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I usually don't keep that much in my savings account. Minor emergencies go to my CC which is paid in full each month. Big emergencies are handled by liquidating stock/funds.
why would you liquidate high return funds when it makes sense to simply have an emergency savings you raid when necessary? unless you're a frequent trader where you're buying and selling for short term profits, your brokerage account should be left to grow/reinvested. you should have whatever amount in a high yield savings for emergencies.
 

phcitywarrior

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I usually don't keep that much in my savings account. Minor emergencies go to my CC which is paid in full each month. Big emergencies are handled by liquidating stock/funds.

Wouldn't it be be better to have a larger liquid rainy day fund so you keep the momentum of your stocks/funds? I'm just curious cause I know some funds penalize you for taking money out early
 
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