What's The Normal Age That People Hit That 100k/Year Mark?

[Huellz Santana]

i hit 110k last year and nothing changed. i just save most of it now

i aint even pay off my student loans. ​

 

[R.E.N. Spells Ren]

way to take a few sentences and make extra large assumptions about what i was implying. thanks for the rant.

i'm pretty sure i never said people should deprive themselves of joy so their kids could be spoiled trust fund brats.

but when it comes down to making an unnecessary purchase or putting money in my daughter's 529 plan i'm pretty sure i'm making the right decision.

It's the fact that you're implying that decisions like this will allow most to become "good men" as defined above that I'm ranting against.

 

[-G$-]

It's the fact that you're implying that decisions like this will allow most to become "good men" as defined above that I'm ranting against.

i never said "good men" either. you seem to be making a lot of assumptions about my posts.

i said i'm confident i'm making the right decision, as in the right decision for my life and my family.

 

[R.E.N. Spells Ren]

i never said "good men" either. you seem to be making a lot of assumptions about my posts.

i said i'm confident i'm making the right decision, as in the right decision for my life and my family.

Dog, now you're just being obstinate. You co-signed this:

"A good man leaves an inheritance for his children's children"

A lot of black people don't understand that shyt at all! Right down to my own damn mama.

it's not just black people. most people don't grasp this concept until it's too late.

What concept is it that most don't "grasp" if it's not the concept that's presented in the post you quoted?

 

[-G$-]

Dog, now you're just being obstinate. You co-signed this:


What concept is it that most don't "grasp" if it's not the concept that's presented in the post you quoted?

i was cosigning the general message conveyed by the quote. my goal, as was my parent's goal, is to make life for future generations of my family easier. i didn't think the initial source of the quote meant the word "inheritance" in such a literal sense of the word, as in trust fund for a spoiled bratty kid.

 

[R.E.N. Spells Ren]

i was cosigning the general message conveyed by the quote. my goal, as was my parent's goal, is to make life for future generations of my family easier. i didn't think the initial source of the quote meant the word "inheritance" in such a literal sense of the word, as in trust fund for a spoiled bratty kid.

OK, then I'm calling bullshyt on this being a concept most parents don't grasp.

 

[HacksawJimThuggin]

i'll be there before 30, probably 2-3 years from now


but I already know shyt won't change at all... yea I'll have more money and probably drive a nicer car, but I'm trying to pay off my student loans asap and save for retirement, so you won't ever see me making it rain like that


I'd eventually like to enjoy the fruits of my labor later on while I'm still single, though... my bro is an ER doc in his mid 30s making 500K/year and you'd never know it because he saves a shytload of money and has stuff like his kids' private school/college fund to pay for; fukk all that

 

[-G$-]

OK, then I'm calling bullshyt on this being a concept most parents don't grasp.

it starts before actually becoming a parent or spouse. people need to start planning and saving before they're married or start having kids. that's why i said "most people don't grasp this concept until it's too late."

 

[R.E.N. Spells Ren]

it starts before actually becoming a parent or spouse. people need to start planning and saving before they're married or start having kids. that's why i said "most people don't grasp this concept until it's too late."

I somewhat agree with this. Although, I think it's more hopelessness than not being able to grasp benefits of preparing for the future.

 

[-G$-]

I somewhat agree with this. Although, I think it's more hopelessness than not being able to grasp benefits of preparing for the future.

i think it's a combination of both. thinking that "it's just a dollar today so it won't mean anything 20 years from now" instead of thinking " a dollar today, plus a dollar tmrw, plus a dollar next week, w interest compounding = an easier life 20 years from now..."

 

[Rarely-Wrong Liggins]

"A good man leaves an inheritance for his children's children"

A lot of black people don't understand that shyt at all! Right down to my own damn mama.

You have to have something to leave first. You're forgetting that blacks have only been on equal, and I use that term loosely, footing with whites for about fifty years. Expecting blacks as a group to have accumulated enough wealth and assets to pass down to the next generation is totally unrealistic at this point.

 

[Rawtid]

You have to have something to leave first. You're forgetting that blacks have only been on equal, and I use that term loosely, footing with whites for about fifty years. Expecting blacks as a group to have accumulated enough wealth and assets to pass down to the next generation is totally unrealistic at this point.

Life Insurance. 20 year term life policy for 10 times your income costs less than $30 a month.

 

[Rarely-Wrong Liggins]

Life insurance? I thought we were talking about accumulated wealth and assets, not insurance policies. But something is something I guess.

 

[Rawtid]

Life insurance? I thought we were talking about accumulated wealth and assets, not insurance policies. But something is something I guess.

It's a combination of both. Life Insurance is designed to give you a cushion while you're accumulating wealth and assets. However, if you don't plan on taking the steps to acquire wealth, then you should atleast have an adequate life insurance policy.

And to be honest, I think that black people have just as much opportunity as whites to be wealthy but some of us just fukk off with money. I know there are some people who legitimately struggle to make ends meet but when you see people clad in labels and not a dime to their name, then it appears to me they are making poor financial decisions.

 

[Rawtid]

You have to have something to leave first. You're forgetting that blacks have only been on equal, and I use that term loosely, footing with whites for about fifty years. Expecting blacks as a group to have accumulated enough wealth and assets to pass down to the next generation is totally unrealistic at this point.

Bullshyt.