What is there to do with excess money, brehs?

[eufemism]

rich people basically do the same as everyone else except they do it better and longer

upgrade your car, step up ya wardrobe game, take a long vacation to a crazy spot, move to a better house/apartment, etc


or you could be responsible and save it for your fam

 

[Heafcliffe]

I"m not rich at all but I feel like I have everything I want...like once my debt is paid off, I wont know what I'm grinding this hard for...I'm not materilistic and the only other thing I would want is a new car, a trip to Seattle and eventually a single family home.

But like...I really dont know what to do with my money

Great feeling, ain't it, breh?
I'd save it. It soon becomes fun to see how much you can save. Fun to go into places looking bummy knowing you could do some serious damage but the employees are on their shyt. Confidence on 10!

Pay yourself. Once you get out of debt total ALL your monthy LIVING EXPENSES up including eating bills etc and multiply that by 6. If you don't have that a savings account then work to hit that number. If you do have that much in a savings account then take some of the excess and go on a vacation or plan to save for something Long term.

Point is always PAY yourself first before blowing cash.

 

[Sad Bunny]

No such thing as excess money nikka.

It is when you're a some person.

I literally only want an Xbox one, some good headphones and maybe.......a few more clothes

 

[Black Sinatra]

Breh.

Do yourself a personal net worth statement/calculation. You can't just go off of your savings alone or what you make annually. This will get you in the mindset of ownership and wealth generation. You already stated that you are not very materialistic, this is great; the things you should be dropping money on should be things that will multiply your money then. Real Estate, Slow Yield Investing, Overseas investments (China, Korea, Nigeria etc) booming areas. Set up a Trust for the seeds, College money etc.

 

[SmallWars]

Buy more money.

 

[Sad Bunny]

rich people basically do the same as everyone else except they do it better and longer

upgrade your car, step up ya wardrobe game, take a long vacation to a crazy spot, move to a better house/apartment, etc


or you could be responsible and save it for your fam

I'll do the latter

I do want that 2015 Impala doe

We def getting a house but in 2 or 3 years

 

[humble forever]

save it or invest it. I'm shytty at saving so i buy a two year cd despite it not being the best possible return on my money, it holds it and it sorta grows it kinda

 

[TRUEST]

I"m not rich at all but I feel like I have everything I want...like once my debt is paid off, I wont know what I'm grinding this hard for...I'm not materilistic and the only other thing I would want is a new car, a trip to Seattle and eventually a single family home.

But like....I really dont know what to do with my money

trust me on this, save ur money. it comes in very handy if u are ever out of a job. think of it like this. if ur monthly expences in total is about 1500. and u manage to save $36000. What that means is, in the event u are out of a job, u have 24 months (2 years) to find another job.

if u do what basically most people here on this forum will tell u do, and u go on vacations and waste ur money on frivolous things, you will regret it. have fun, but do it with moderation. being out of a job, with no savings is not a joke. trust.

 

[Sad Bunny]

trust me on this, save ur money. it comes in very handy if u are ever out of a job. think of it like this. if ur monthly expences in total is about 1500. and u manage to save $3600. What that means is, in the event u are out of a job, u have 24 months (2 years) to find another job.

if u do what basically most people here on this forum will tell u do, and u go on vacations and waste ur money on frivolous things, you will regret it. have fun, but do it with moderation. being out of a job, with no savings is not a joke. trust.

Nah I feel you 100 on that.
I been in those emergency situations before and it sucked.
I'm paying off debt and stacking.
I am gonna treat myself to a little this weekend doe.....headphones and maybe clothes and work clothes and shyt. I really need that stuff. And underclothes.

 

[Kenny West]

I think about this a lot.

I already got a crib car clothes and what not. Going up the ladder just means expansions/upgrades of the same shyt. There's gotta be something else.

 

[ALLiKNOWizPAIN]

Drugs

 

[unit321]

I"m not rich at all but I feel like I have everything I want...like once my debt is paid off, I wont know what I'm grinding this hard for...I'm not materilistic and the only other thing I would want is a new car, a trip to Seattle and eventually a single family home.

But like....I really dont know what to do with my money

Save it. You build your savings account one deposit at a time. You start it small and deposit into it regularly, even if it is a small. You'll need a down payment on a house when you get around to buying one. And that down-payment needs to be at least 10% if not 20% of the purchase price of the home. With 20% down, you don't have to pay PMI in your mortgage. If you ever get around to wanting to buy a house and you have nothing in savings, you'll kick yourself for not starting your savings years ago.

 

[Heafcliffe]

Breh.

Do yourself a personal net worth statement/calculation. You can't just go off of your savings alone or what you make annually. This will get you in the mindset of ownership and wealth generation. You already stated that you are not very materialistic, this is great; the things you should be dropping money on should be things that will multiply your money then. Real Estate, Slow Yield Investing, Overseas investments (China, Korea, Nigeria etc) booming areas. Set up a Trust for the seeds, College money etc.

Dawg, completed one of these just yesterday and was . #nohumblebrag but thought I was slumming but my net worth was of someone 20 years older than me.

 

[Black Sinatra]

Dawg, completed one of these just yesterday and was . #nohumblebrag but thought I was slumming but my net worth was of someone 20 years older than me.

IMO slumming is - Having a desire to do something, but financially restricted. Once the means are there; it's a matter of choice.

Side note- I put emphasis on saving but not overly so...it's a idea of safety netting. It's still sacrificing now...for later tho, retirement etc. The issue it is still accumulation of debt note/paper money...electronically at that. Invisible worth. This leads me into my personal methods of combating this; turn your fake money into universal value. Hint- things that retain value regardless of inflation, economies etc. Happy hunting breh.