StickStickly
Superstar
People Act like saving $5 from starbucks and avicados is going to make them millionaires. What's Made him wealthy is knowing how and what to invest in.
Young Rich Aussie CAC Says Millennials Need to Lower Their Expectations
- Thread starter AlainLocke
- Start date
I have a cac that my mom knows who ended up with three houses. Her own. Her mom died and left her hers, then her grandpa left her his too. Paid off brehs. She could sell those two or rent them out and be CHILLING. Don't listen to these cacs feel good stories when they leaving out crucial details. Generational wealth brehs. We behind
Cac I went to school with moved to hipster ass Williamsburg, BK with no job just some bs freelance work. Dude in his 30's, and got his parents holding him down.
A Jewish coworker had nothing in her savings. She was buying expensive purses and furs but mom was paying her rent.
I got my degree and no one in my family even gave me graduation money. I was broke, in debt, unemployed, and no one helped me get a damn thing. I had to fend for myself in New York City
HE_Pennypacker
Superstar
This dikkhead is pandering to the self-righteous baby boomer c*nts.
Buying a home for only 3-4x their annual pay and going to school with no loans or debt. Then they cancelled all that and say kids are complaining when we say the tax system favours the elderly and rich. I hope they lose it all and die in some rundown nursing home
Buying a home for only 3-4x their annual pay and going to school with no loans or debt. Then they cancelled all that and say kids are complaining when we say the tax system favours the elderly and rich. I hope they lose it all and die in some rundown nursing home
StickStickly
Superstar
If your grandparents have 34k to give to you and they aren't struggling afterwards yes it is a part of the the institution of familial wealth because it implies they have that much disposable income and/or more.
why aren't you guys building more houses?You all don't know how bad the housing situation is here. I'm 23 and I know about 6 people aged between 20 and 30 that don't live at home with their parents; 4 of those are in government welfare rent assisted public housing projects.. Everybody else that I know live with their parents. You literally can't afford independent living.
Even the shyttest 1950s built houses made from asbestos located 30 miles away from the city where all the decent jobs are, cost $1m. A decent house in a decent location probably costs near $2m. Rent is minimum $500 a week unless you want to live in the projects
Nobody young can afford it unless they were born into money.
This rich cac is a fakkit who is completely out of touch with reality
I don't think he did.
Sure, he had a leg up in the business world early, but he hit the nail on the head with this part.
I don't know a single person of this generation who is complaining of buying a house whilst subsequently splurging on luxury items.
No one thinks owning a Bentley or a BMW is normal, outside of upper-middle class and upper-class kids who already have a luxury car courtesy of their parents and will likely inherit a nice sized home in the suburbs.
The vast majority of millennials are finished up school, trying to get into their career field, and trying to pay off debts while living at home, or with multiple roomates.
Broad statements about millenials are almost always wrong.
You don't seem to have any concept of finance at all
AUS to USD exchange rate was nearly .9 to 1.0 for a period of time.
Even more so, we're not talking about the value of 30k AUS 16 years ago to 30k AUS now, it would be the value of what he purchased then, appreciation + inflation, to now.
And no, most people on the planet can't save $15k a year, depending on your salary that may not even be possible
You don't seem to have any concept of finance at all
AUS to USD exchange rate was nearly .9 to 1.0 for a period of time.
Even more so, we're not talking about the value of 30k AUS 16 years ago to 30k AUS now, it would be the value of what he purchased then, appreciation + inflation, to now.
And no, most people on the planet can't save $15k a year, depending on your salary that may not even be possible
1 australian dollar bought you 63 us cents 19 years ago nikka, so the figure comes out to around 21k, so stfu
Yearly Average Exchange Rates for Currencies - 1990 to 2015
@Woman of God kiss my ass lazy bytch
Goat poster
KANG LIFE
If yall really believe that cac got "only" 34k to start his business then I have some oceanfront property in Idaho to sale you
Rich people do this all the time. They minimize the help they got to make it seem like they didn't have any advantage to talk down on less fortunate people.
He does have a point about the "keeping up with the jones" thing. But I just don't like being talked down to by condescending Cacs that had more opportunities than the average person let alone the average Black man.
Goat poster
KANG LIFE
This is dope and Def more relatable.
How is it suprising that most of us don't want to here about saving from a CAC that got 34k as a GIFT and prolly even more money and DEF more connections that he's not mentioning.
I wish this thread was about the article you posted.
Fukk that Aussie dude.
There is a housing shortage at every price point so builders are only building luxury homes at a mostly unaffordable price point to maximize their profits. In certain school districts in Atlanta there is no affordable housing being built. And when I say affordable housing I don't mean government assisted or even apartments I mean homes under 300k.
philmonroe
Superstar
Not really but like I said folks going to always have reasons why they can't succeeded. I guess we just will have to agree to disagree.
Like I told the person above folks look for reasons to dismiss anything that puts blame on them. I could've posted the story I put as the OP cats would have different reasons for why the shyt ain't possible. Obviously it isn't everybody doing that but it's one too many imo and honestly most people on that mentality never make it. That's why I don't like seeing it displayed cause it's usually a bad sign as far as improvement which I'm always glad to be wrong on esp with black cats.
