Most people live paycheck to paycheck...

I hate this argument. The easy response is to live in a lower cost of living area. I really shouldn't be giving this advice because I don't want idiots moving to the midwest and driving up prices. But there are more areas to live outside LA, SF, NY, and Seattle

You could throw it into your works 401k or retirement plan. Or you could buy a house and make it a rental. Use it to pay off debts you have or put it towards your house/future house.
It's madness I tell you.

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Eh, saving money is like exercise. Incredibly simple and very positive results, but to actually do it...well it’s not fun, extremely boring actually.

The bank will give you a fraction of 1%. If you consider that inflation removes 2% of the value per year, you're actually not even really making any money there. Stock market averages 7% a year, so you can at least get something there. Start with a a little play money till you get the feel for it.

Poor impulse control.
Would you rather save $600 or
>spend it on a weekend at "the club"
>buy a new pair of "jor-dens"
>Have another 9 kids
>Put rims on the shitty tires.
>Buy marijuana/alcohol
Remember, $600 is a lot to spend and a little to save.

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Why the fuck would I need a savings net when I can spend unhealthy amounts of money of steam and only fans?

What kind of wagecuck needs a "savings account" we are all going to die in the end and holding your money like (((them))) isn't going to make you happy.

Spend recklessly, enjoy life, quit being a schizo hiding cash under their bed or in a (((Roth IRA)))

Why would someone have poor impulse control?

Yep - got outta the matrix in my mid-20s with bucketloads of cash. Just don't go into debt ever. Live simply.

youtu.be/iEIwhmFp6Mc
youtu.be/QjKjZd-IPD8

youtube.com/watch?v=Fg6J1Skptbs

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So you're saying that all economic planning of the country is based on the idea that everyone involved is a rational actor and yet over half of all americans are not rational economic actors? Seems like something might be wrong there

youtu.be/6w2jQuFmVuU

His name were Dibnah

1 weeks pay = roof over your head cost

Not a hard fucking concept to grasp

I moved to a small town...

Made less money, waaaay more bored, saved like $500 more a month.

Not worth it.

But that's also where alot of the oppertunity is. And some people are kicked out by their parents in that area, and have to find a place there because how do you move to a low cost area when you know nobody and have no connections there? I know you can just do it but that requires a blind leap of faith.

I agree some idiots just move to the city for the city life when they can't afford it, but some start off there, have to find a place there and have limited other options.

I was until my cuck boss cucked to the state and shut down our work. Even thought we're absolutely an essential service.

It’s boomers who made the equivalent compared to purchasing power of like $35 an hour without schooling making fun of Zoomers who make $14 an hour with school. There’s no reasoning with them. They think magically in 40 years just 10% of the population went from living from paycheck to paycheck to 60% because of “laziness” with no other changes. Just boomers not understanding that it was quantifiably easier in every single way that fulfills a human being to be alive in America in the 1970s rather than the 2000s.

You recognise that there are services needed to run these cities that don't pay enough to live in them with that rule right? Do you think all the service workers should just move out of new york? The streets would fill with trash, every restaurant would close, all grocery stores would close etc

America is a failed third world state

>It's incredible that the majority of the world is so dumb

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>the city is the place of job opportunity!!!

Bullshit. Like 60% of the country is currently working from home. There is NO EXCUSE for living in a dystopian melting pot like an animal

In today's world the service wagie can never achieve financial freedom. Working harder, smarter, more hours pr whatever will never work. I would suggest opening your own business. Something with little overhead and startup cost. Look into opening lawn mow company or a pool cleaning service. Forget the wage slave paradigm.

Once I finally got a bretty gud job and started making decent money, I mostly just kept living the same way I did before it but with a house payment instead of an apartment payment. I don't have any expensive hobbies or drug problems. I don't want a second car or whatever. I already have enough money saved up where I wouldn't have to work for a year and would still be fine and pay all my bills. I'll probably continue living like I'm autistically hoarding in an rpg vidya forever.

Other than my grandparents, I have literally met one person who is not a retard with money and I married her.
Most people lack the discipline to save and pay shit with cash.

Dude, believe it or not, people are stupid.

>Have another 9 kids
There is absolutely nothing wrong with this you poofter

>being such a braincucked leaf to assume NY is one giant city.

Lol there are listings for a 3bdr apartment in NY for CAD980 a month. How is CAD11650 a year too much?

Says the idiot who never lived in a 3rd world state.

Yeah, but it is dynamic and culturally relevant though, right.
And all the things to do everywhere at anytime!

No, I'm saying the economy is generally unplanned and left to individuals. Individuals make decisions for themselves.
Why would they have good impulse control? Too many options is too many temptations. Why did you eat McDonald's or a cookie instead of eating a salad every day?

A few factors, some already mentioned ITT:
>Higher cost of living
>Stagnant wages
>American consumerism and marketing
>Poor financial literacy
>People are dumb and prone to impulse

I just got my first unemployment check, and I feel so massively unmotivated to seek work. I am getting paid more to sit on my ass in my apartment than I was stocking shelves. There is no NEED for me to go and work, I have enough saved up where I could sit on my ass for a year and not starve to death. Why am I working? I get nothing of value from my job.

Boomers who got old and imported slave labour so they can have cheap restaurants and cheap berries totally undercut the living standards of young natives. Boomers also created the nanny state and larp as the tough (tm) generation

Perform the same service elsewhere with a lower cost of living. If you make 50k in NYC, live somewhere else where you can pocket money and own a home, vehicle, make investments, etc. If you live somewhere expensive and make low wage, you won't save anything your entire life. If that's ok with you, than by all means, continue to live there- but it's illiogical to think you will build any wealth.

Out of corona boredom I started buying crypto.
So far I'm down 0.4%, yaaaaay

You're being ridiculously disingenous, I said city and you know I meant new york city not the entire state, nobody is going to spend time and money commuting into the city on minimum wage man

the crazy thing is I know people making 70-80k a year who basically live paycheck to paycheck too

living cost expense creep can be crazy

But if you believe that, those workers either need to be paid more or those services will disappear

Ah, a brother without experience of the nigger nor spic variety I see.

You guys are pretty fucking ignorant, so I’ll give you the rundown. It starts with upper middle class boomer parents living in an expensive area and showering their kids in money and the easy life for years. No concept of money or work and zero basic skills. No mowing lawns, no changing tires, nothing. They’re surrounded by peers in the same situation too. While money shaming.
>you mow your own lawn?
>you work for an allowance?
>you don’t have a tv in your room?
>that must suck!
Then one day when they’re living in an expensive apartment their parents are paying for, ordering Starbucks every day before their “dream career job” their parents pushed for that pays shit at the age they should have learned all of their skills, boomer parents ripcord the whole thing. Now they have to learn literally everything while being much older mistakes hurt twice as much.

Sure, some kids have great foresight at 16 years old and instead of masturbating every night and playing video games all day and being a fat lazy fuck for 10 years could learn those skills in spite of their parents not knowing any of it and building the idea of it being for low class people, but most kids don’t. That plus they have to decide to move away from their hometown and parents because it’s too expensive where they live. Usually getting priced out and moving as they learn the hard way what “beyond their means” even is. Now some may get upset I’m defending millennials, but I only blame the ones who REFUSE to accept they fucked up their lives. The ones blaming trump and how hard it is to sign up for financial aid while they also don’t even know how to scam the system because they won’t learn or understand the system. Those I don’t care about, but some do learn to live within their means and make it, even if they stopped fucking up at 23 like I did.

>I sAiD CiTy!!

I just gave you a price range for an apartment in the literal capital of NY, in a city.

How can you not afford 11650CAD a year in a city

Honestly I just stuff it into my savings account. I make about 4k a month after taxes and retirement contributions. I spend about 2.5k per month, mostly because my apartment costs way too much. This leaves me with about 20k per year in my savings account I don't do anything with. I don't know how to really manage money, I just know how to not spend money I don't have. No debts are a life saver.

obviously not

People like you looking down on having children is the reason whites are declining.

The city (or business) will pay them more if there is more demand. I'm not saying they are not essential to society, I am saying that they won't earn any significant money throughout their lives. San Francisco needs grocery store workers, but that doesn't mean the wage they earn is really enough to live there happily. Few people will have a stable financial future earning low/medium wage in these areas.

Because if you follow the chain of this discussion, it was suggested that you don't spend more than a quarter of your pay on rent, which is what I was repyling to