No amount of budgeting and not eating out is going to make up for the fact that we don't make enough money.

[KBtheKey]

Here's the problem.. Beyond the obvious inflation and systemic problems... We simply have MORE bills and entertainment than our parents.

I don't remember my mom going out to eat daily. I don't remember her eating lunch out at a nice restaurant daily. Picking up a coffee and snack. She definitely didn't have a cell phone bill. She wasn't out at the bar. She wasn't on vacation. She wasn't bringing home some weed and drink every night. We didn't have cable and we definitely didn't have a netflix either back then. You'd be lucky to get to blockbuster once a month. She was cooking at home. We had mcdonald's at home. Dad definitely wasn't coming by to drop off happy meals when I called and said I was hungry. We didn't see 10-15 movies a year. We wasn't even steak and having crab boils. I was lucky to get a tape. Or save up for some mixtapes. I didn't have a $10 allowance just for my music, another for my storage space, another for gaming, another for........


Yes I have ALL of these things now and do all of the same shyt. Yes I do believe I should be able to enjoy life without living with pure basics... But it doesn't escape me that if I cut all that shyt out, sat my black ass at home with slow internet and a book, and cooked all my meals at home, while staying sober... That I would EASILY have $400 extra dollars a month to put into a savings account.

EASILY

My thing is why do you have to not enjoy your life when you got a whole full time job? You be at work ~9 hrs a day, and that approaches 10+ hours considering commutes and different positions. You work almost half your day, have 4 hours to enjoy your downtime, and 8 hours to sleep. You get 2 days off which likely will be 1 errand and 1 rest day. One day off and then you back in the blender for 6 more days. Most, especially younger people have trouble with time management and that's not necessarily their fault.

Let's say you have time management understood like a scientist. Now everything you do bleeds into your 4hr extra time or 8hr sleep, depending on when, and how you think about it. You end up having to be at work for more hours than the hours you have to chill. Sleep is vital to stay alive, but decompression time is vital to stay sane. If you aren't lucky enough to work somewhere you love, you'll at least enjoy that, but you still aren't as interactive with outside life.

This all varies by multiple circumstances but I'm talking about the majority. Lot of mfs live paycheck to paycheck for so long they get used to it, and they'll only have they come up when a company makes an unexpected pay change or they find a mate to stay with...

I was gone continue on but that's why I said there's a lot of variables. Rents up, product prices up, gas is up, people getting paid barely making it wages. Right now you have to make 18-20/hr to get all your necessities taken care of and also actually enjoy your downtime, and that still depends on where you live. shyt is kinda fukked up. I got lucky

 

[The Devil's Advocate]

My thing is why do you have to not enjoy your life when you got a whole full time job? You be at work ~9 hrs a day, and that approaches 10+ hours considering commutes and different positions. You work almost half your day, have 4 hours to enjoy your downtime, and 8 hours to sleep. You get 2 days off which likely will be 1 errand and 1 rest day. One day off and then you back in the blender for 6 more days. Most, especially younger people have trouble with time management and that's not necessarily their fault.

Let's say you have time management understood like a scientist. Now everything you do bleeds into your 4hr extra time or 8hr sleep, depending on when, and how you think about it. You end up having to be at work for more hours than the hours you have to chill. Sleep is vital to stay alive, but decompression time is vital to stay sane. If you aren't lucky enough to work somewhere you love, you'll at least enjoy that, but you still aren't as interactive with outside life.

This all varies by multiple circumstances but I'm talking about the majority. Lot of mfs live paycheck to paycheck for so long they get used to it, and they'll only have they come up when a company makes an unexpected pay change or they find a mate to stay with...

I was gone continue on but that's why I said there's a lot of variables. Rents up, product prices up, gas is up, people getting paid barely making it wages. Right now you have to make 18-20/hr to get all your necessities taken care of and also actually enjoy your downtime, and that still depends on where you live. shyt is kinda fukked up. I got lucky

You're getting away from your point though. What I'm saying is in comparison to our parents. To that whole generation. They worked a full time too. They wanted to enjoy life too. But they didn't spend like we do. They had less financial knowledge and resources and still knew not to fall into certain trappings.

Wanting to enjoy your life is not an excuse not to budget. To enjoy it within your means. To enjoy about 10% of the time instead of every time you feel like it. And I'm a breh with NO budget who does the same. But I'm also so I'm starting to look around and notice this shyt. I just downloaded Mint. Like 5 minutes ago. At the least I'm going to start tracking exactly where my money is going cause I already know too much of it is bullshyt. At some point you gotta realize you really can't afford it if you living check to check to have it.

 

[KBtheKey]

Where i live, McDonald's managers get paid less than associates and supervisors in retail. Yeah it's McDonald's but mickey D's is a billion dollar company. Them fast food manager stress levels be breaking world records.

There are managers in the same companies as those associates/supervisors that don't and have never done or known as much as their subordinates. They just got the position because higher-ups wanted to hire internally or somebody wanted to promote somebody they fukk with. I've personally seen this for myself and heard about it from people that i thought would've be in a better atmosphere than what they told me about

 

[KBtheKey]

You're getting away from your point though. What I'm saying is in comparison to our parents. To that whole generation. They worked a full time too. They wanted to enjoy life too. But they didn't spend like we do. They had less financial knowledge and resources and still knew not to fall into certain trappings.

Wanting to enjoy your life is not an excuse not to budget. To enjoy it within your means. To enjoy about 10% of the time instead of every time you feel like it. And I'm a breh with NO budget who does the same. But I'm also so I'm starting to look around and notice this shyt. I just downloaded Mint. Like 5 minutes ago. At the least I'm going to start tracking exactly where my money is going cause I already know too much of it is bullshyt. At some point you gotta realize you really can't afford it if you living check to check to have it.

I see what you saying and i agree. One of the most helpful things i seen on the internet was a thread or video that was about how most Americans don't have 400 dollars to spare if they happened to run into an emergency situation. Seeing that and looking at how i was spending just Kuz i had it, i rethought a lot of things. There are a lot of ways to spend more efficiently that people don't take advantage of.

I still don't think wages are where they should be for people that work hard to enjoy the fruits of their labor, but i understand what you're saying. Idk bro i look at it from every way. Lot of mfs are just lazy, a lot of mfs just live beyond their means, and a lot of people work hard and deserve more for their efforts. Some people were just dealt a bad hand. Basically I think everyone working should be able to eat some Popeye's or pizza every weekend without breaking the bank or having to come out the stash

 

[Wild self]

I'm in 6certs and the boiler room too.

I actually recognize a lot of "bootstrappers" from both those places in this thread as well.

Those bootstraps posters always make the same pitiful argument .

 

[8WON6]

I'm tired of people online telling people that make $45k a year that they're just eating too much "avocado toast" then turning around talking about "$100k aint really all that, i'm barely afloat".

 

[CrimsonTider]

People that say stuff like this, or that cooking and buying healthy foods is more expensive than junk etc clearly haven’t actually planned and executed a real meal plan and grocery budget. Buying and cooking your own food is not remotely the same cost as eating out

Do you have a family?

 

[Serious]

Those bootstraps posters always make the same pitiful argument .

And I bet the same people making excuses are the same people who, just so happen to struggle with being in shape as well.

I wonder who’s fault that is.
@Son Goku

Some nikkas drink away the pain, some nikkas think of ways to gain.

 

[Son Goku]

And I bet the same people making excuses are the same people who, just happen to struggle to be in shape as well.

I wonder who’s fault that is as well.
@Son Goku

Some nikkas drink away the pain, some nikkas think of ways to gain.

‘Sup?

 

[Breh Obama]

People that say stuff like this, or that cooking and buying healthy foods is more expensive than junk etc clearly haven’t actually planned and executed a real meal plan and grocery budget. Buying and cooking your own food is not remotely the same cost as eating out

Have you been to the grocery store recently?

How many people are you feeding?

 

[Turbulent]

It's both.

A lot of people struggling at 30k would be struggling at 100k and at 1M. Because no matter what they make, they will always spend more. So their issue is not income, it's budgeting.

Having said that, if the goal is to build wealth, saving money on lattes and couponning, etc won't cut it. The key to building wealth is to increase income, purchase money generating assets with the extra income and use the income from those assets to buy more money generating assets. Rinse and repeat. Another way is to create the asset (a business) and reinvest into that.

So yes, i see what OP is saying, skipping avocado toast is not the one key to wealth building. You do need to make more money. But once you make more money, you need to know what to do with that money.

 

[CrimsonTider]

It's both.

A lot of people struggling at 30k would be struggling at 100k and at 1M. Because no matter what they make, they will always spend more. So their issue is not income, it's budgeting.

Having said that, if the goal is to build wealth, saving money on lattes and couponning, etc won't cut it. The key to building wealth is to increase income, purchase money generating assets with the extra income and use the income from those assets to buy more money generating assets. Rinse and repeat. Another way is to create the asset (a business) and reinvest into that.

So yes, i see what OP is saying, skipping avocado toast is not the one key to wealth building. You do need to make more money. But once you make more money, you need to know what to do with that money.

Struggling at 30k is not the same as struggling at 100k or a 1 million

This is the type of nonsense I’m talking about

 

[Fillerguy]

The funny thing is, the most successful people I know I have multiple ways of getting money. They don’t just work their 9 to 5 and that’s it. The successful people. I know have like 4 -7 streams of income.

A lot of the time its staring people right in their face.


Look at nick cannon.

This nikka does a radio show from 5-10am then has a day time gig, then does wildin out.

How many cats are working as hard as that dude. But I’m sure many people aspire to be paid like him.

Are you @Serious

Nick Cannon been rich since he was 17. He can make money on clout alone, something he's been accumulating for almost 2 decades. It'd be difficult for him to not make money at this point.

Terrible example. He's a prime example of how being success and rich makes wins you more success and fame by default. I work in Wealth Management at a top 5 bank, I promise you, the gladly world bends over for the rich. In certain tax brackets, making money is almost effortless. You don't even actually have to spend your money to make more money, sometimes.

 

[1thouwow]

Loser mentality

 

[beenz]

not only have the obvious necessities like fuel and groceries skyrocketed, but my monthly necessities like natural gas and electricity have also gone up significantly in the last year or so.

so we are getting gouged from EVERY level these days.

to put things in perspective, a case of water from costco went from $3 to $4.29. that's almost a 50% increase