Young Rich Aussie CAC Says Millennials Need to Lower Their Expectations

[philmonroe]

For all the dummies saying it's not a lot of money. Holla at me when the Taco Bell fry cook making $9.24 an hour starts flipping properties. It ain't easy to make millions but, he had a leg up getting $34,000 to start with. That first property probably flipped into another one, and then another one and then another one and so on. I would respect it if he saved the money himself and made millions with that. Instead he got that as a gift. $34,000 as a gift Most 19 year olds are broke and still working minimum wage jobs while they go to college. This dude got $34,000 to start buying cheap properties with at that age. FOH

There are examples of cats become millionaires with humble begining a but even then y'all would have an excuse for it. Its always an excuse. Here is an article of someone that is more relatable but I'm sure folks will have more excuses but it is what it is at this point.

North Philadelphia native returns home, flips dozens of properties

 

[Field Marshall Bradley]

you nikkas gon ignore that advice ?

It's not advice... at least to no one who grew up poor...

 

[GrindMode]

It's not advice... at least to no one who grew up poor...

lmao haha you guys make no sense

 

[Field Marshall Bradley]

lmao haha you guys make no sense

No... you all just don't have any common sense or real life experiences..... So this shyt y'all talking, and that bullshyttin ass aussie is straight white noise

 

[Roid Jones]

Man a lot of people (yes even the vast majority on here, FUKK how you feel) would have blown that 34K, either by spending, investing in stupid ideas or by trying to hold on to it tight and still seeing it decrease.

Yet it's sad that a lot of us don't have that sort of generational wealth, that needs to change.

 

[At30wecashout]

34k AUS/~15k USD not a lot? With that money and a credit card I could get a food truck and start a business by month's end.

You gotta be delusional to argue otherwise. If nothing else, 15k can mean killing some student loans so you can worry about getting the job you want, rather than fretting
over the job you need to keep...to pay off said loans.

Nothing he said about self-control overrides the fact that without that gift from his gramps, he would probably be pushing carts in a grocery lot. 34kAUS/15K USD means one
thing:Opportunity. If I had 15k right now, I could pay off 2 credit cards and immediately save 5 stacks and invest another 2 in a business. At the current rate I am going, saving 5
and investing 2 requires a lot more time and quite likely a second job. My timetable different as a result, costing me opportunity.

Free money is OPPORTUNITY! Anyone in here who hasn't gotten shyt from a grandparent or parent should know right off bat how backwards starting with nothing is. By the time you
get it, you might have spent it, and you die leaving your kids with nothing, and they do the same. Generational poverty. As long as you don't fukk the money up on bullshyt, a stimulus
is a godsend.

 

[Roid Jones]

You nikka's need to get ya weight up. I make ~80k and saved up 40k in little over 2 years.

You must be a cac, cause Coli told me ALL black people are struggling

 

[Supa]

Vacations? Try kids. Student loans. Rent. Etc

Yeah, I just didn't want to list all that. If I didn't have student loans I could save $3,600 a year just from that. I've already paid them almost $20K. I could have done something to improve my quality of life with that money. I have a white coworker who makes nearly double my salary but her parents still help her financially. Getting money from family makes life so much easier.

 

[philmonroe]

Man a lot of people (yes even the vast majority on here, FUKK how you feel) would have blown that 34K, either by spending, investing in stupid ideas or by trying to hold on to it tight and still seeing it decrease.

Yet it's sad that a lot of us don't have that sort of generational wealth, that needs to change.

Generational wealth isn't 34k fam. That's nothing in the grand scheme of things

 

[Field Marshall Bradley]

34k AUS/~15k USD not a lot? With that money and a credit card I could get a food truck and start a business by month's end.

You gotta be delusional to argue otherwise. If nothing else, 15k can mean killing some student loans so you can worry about getting the job you want, rather than fretting
over the job you need to keep...to pay off said loans.

Nothing he said about self-control overrides the fact that without that gift from his gramps, he would probably be pushing carts in a grocery lot. 34kAUS/15K USD means one
thing:Opportunity. If I had 15k right now, I could pay off 2 credit cards and immediately save 5 stacks and invest another 2 in a business. At the current rate I am going, saving 5
and investing 2 requires a lot more time and quite likely a second job. My timetable different as a result, costing me opportunity.

Free money is OPPORTUNITY! Anyone in here who hasn't gotten shyt from a grandparent or parent should know right off bat how backwards starting with nothing is. By the time you
get it, you might have spent it, and you die leaving your kids with nothing, and they do the same. Generational poverty. As long as you don't fukk the money up on bullshyt, a stimulus
is a godsend.

This put a tear in my eye

 

[The_Sheff]

It's not chump change, but it's not exactly a life-changing amount either for most people. Someone living frugally making 40k could save that in a few years easily.

A lump 34k check would have changed my life. Would have deaded student loans and my car payment right off the rip. I would have been able to afford to buy a home during the recession instead of dumping that shyt into rent. People who bought during the recession are seeing huge gains now as you can't fukking buy a home in the atlanta area in a decent school district unless you dropping 300k at a minimum. It's like that all around the country. So now me and the wife damn near have to mortgage our future to put our kid in a good school.

That few years to save 40k you speak of is literally the difference between paying 150k for a nice home and paying 300k for the same house.

A free 40k to buy a home, pay off loans, start a business, etc.... is exactly why so many whites have the upper hand as soon as they leave school.

 

[MalikX]

Because they're disingenuous and mad ignorant

Why do y'all keep comparing savings to a gift? You gotta put in time, energy, and sacrifice things like vacations to put away that kinda money on a 40K salary. The average American doesn't even have $400 in savings so it would be life changing. Even if you didn't know how to flip that money just having it saved helps.

Because they're full of shyt

If he saved that much, I would've tipped my hat. But homie had that cac grandpa stimulus package. If you're smart, a gift of $34,000 is enough to change people's lives and put them in position to make more income. So this cac acting like he did it through his own hard work is disingenuous.

 

[MalikX]

Yeah, I just didn't want to list all that. If I didn't have student loans I could save $3,600 a year just from that. I've already paid them almost $20K. I could have done something to improve my quality of life with that money. I have a white coworker who makes nearly double my salary but her parents still help her financially. Getting money from family makes life so much easier.

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

 

[#1 pick]

A lump 34k check would have changed my life. Would have deaded student loans and my car payment right off the rip. I would have been able to afford to buy a home during the recession instead of dumping that shyt into rent. People who bought during the recession are seeing huge gains now as you can't fukking buy a home in the atlanta area in a decent school district unless you dropping 300k at a minimum. It's like that all around the country. So now me and the wife damn near have to mortgage our future to put our kid in a good school.

That few years to save 40k you speak of is literally the difference between paying 150k for a nice home and paying 300k for the same house.

A free 40k to buy a home, pay off loans, start a business, etc.... is exactly why so many whites have the upper hand as soon as they leave school.

Not to mention parents to pay for school entirely. Whites have a distinct advantage for numerous reasons but even for Blacks who think they are on equal footing aren't

 

[StickStickly]

http://www.news.com.au/finance/work...s/news-story/ebd3dae933b625f403982ac0a73df3c9

Developer Tim Gurner, 35, is worth nearly half a billion dollars but has delivered a brutal smackdown to some would-be first home buyers struggling to get a toehold in the market.

“When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each,” he told 60 Minutes in a segment exploring Australia’s housing affordability crisis.

“You have to start to get realistic about your expectations. There is no question we are at a point now where the expectations of younger people are very, very high.

“They want to eat out every day, they want to travel to Europe every year. This generation is watching the Kardashians and thinking that’s normal. Thinking that owning a Bentley is normal, that owning a BMW is normal.


Mr Gurner was ranked 157 on this year’s Financial Review Rich List after making $473 million in 10 years. He started out by taking over a lease on a suburban gym as a 19-year-old, using $34,000 given to him by his grandfather. He sold the business a year later to a competitor and went into property development, riding the boom in Melbourne and Brisbane. His Gurner company now has 5000 apartments worth $2.7 billion on its books.


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Act like you didn't get 34K to start your business from your grandparents...rich Cacs love to talk that talk...

My grandparents gave me $2 and a kiss for my birthdays