It's math...average rent is what 1500 a month in some places. Imagine just investing that every month for 10 years at a 10 percent average growth rate. Don't have my financial calc on me now but you may have 300k saved up over a 10 yr period.
Nipsey Hussle Said Its NOT SMART To LEAVE Your PARENT HOUSE Too EARLY, A RECIPE 4 FAILURE"
- Thread starter ReadOneBookAWeek
- Start date
You can't tell that to a person with no responsibilities
I used to buy 2 pairs of Jordans a month in 2015 (400+ Dollars) and i was still paying rent. Now just imagine a mf with no bills.
I do believe that underlines the shyt outta my point
Y'all find it absurd to go without unnecessary shyt. I hear ya but this is literally why niqqas stay behind
$500 per month for 12 months is like about $6K
If you put that down on a car you could pay that shyt off twice as fast and actually save thousands in interest since your car note on like a $12K car (gasp!! I know y'all wouldn't be caught dead in a 2016 Accord but just use your imagination) would be for 2 years instead of 5
BornStar
Marathon Continues
Best believe i wasn't proud of those spending habits. I moved forward by selling most of the sneakers in my collection the next year to make some of my money back. I'm glad i somehow pushed past that sickening habit, with the realization coming with age.
murksiderock
Superstar
Explain to me how investment works. What exactly are you investing in to get this return?
You can just get a vanguard etf that tracks the S&P
S&P 500 Annual Total Return (Yearly)
It's never going to be static and fluctuates year to year but historically average for last 100 years has been about 10%. If your closer to retirement or have a short term need for the money you would want to be in more stable fixed income, aka bonds. You can target etf sectors like tech, small cap, international etc to diversify and for different growth and risk potentials... But generally the highest potential growth funds, stocks, or etfs the more risk they will carry....long time horizon you can afford risk...short term time horizon you must have less risky investments that don't fluctuate.
Cloutius Maximus
with the aid of the Funk...
I don't understand how parents can put a curfew on their adult kids.
I'm still with my folks and I tell them "i'm goin out" only if they are sitting right there in the living room. I could be gone 2 weeks and they wouldn't care as long as I check after a few days so they know I'm not dead.
I gotta get outta here soon tho, yall know black folks is loud and these mfs NEVER shut up. Plus I want to be able to entertain freaky hoes and have a well laid out bachelor pad.
I'm still with my folks and I tell them "i'm goin out" only if they are sitting right there in the living room. I could be gone 2 weeks and they wouldn't care as long as I check after a few days so they know I'm not dead.
I gotta get outta here soon tho, yall know black folks is loud and these mfs NEVER shut up. Plus I want to be able to entertain freaky hoes and have a well laid out bachelor pad.
So stay wit my parents while I sell drugs in my 20s
Oceanicpuppy
Superstar
It’s not.
You leave when you can support you and them.
That’s how houses are kept in the family too.
The car guy who sold my car was telling me about his family property in the Middle East and how some of the siblings are still their until they wed.
You leave when you can support you and them.
That’s how houses are kept in the family too.
The car guy who sold my car was telling me about his family property in the Middle East and how some of the siblings are still their until they wed.
calixprynce
...
Nipsey is right. That move out by 18 rule was there in place when there was a ton of well-paying jobs and you could actually afford to raise a family on ONE income without a college degree.
Kids now have to go to college for 4 years and that doesn't even guarantee them a job, much less a well paying one... and on top of that they have like 50,000+ in debt. Rushing these kids out of the crib and forcing them to get an apartment that is $800 and up on their rinky dink 40,000 salary is a recipe for disaster.
Kids now have to go to college for 4 years and that doesn't even guarantee them a job, much less a well paying one... and on top of that they have like 50,000+ in debt. Rushing these kids out of the crib and forcing them to get an apartment that is $800 and up on their rinky dink 40,000 salary is a recipe for disaster.
