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Post by volleykenzie on Nov 21, 2019 22:05:41 GMT -5
ok first question, how do you know when you are financially stable?
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Post by ironhammer on Nov 21, 2019 22:21:13 GMT -5
ok first question, how do you know when you are financially stable? When you don't have to worry about whether you got enough money to pay for food, clothing, shelter, transport, mortgage and so on for the next year or two. The key is choosing wisely what to spend and learning how to save money. Because once you saved enough, you can start using that money to make investment and make that pot of cash grow by itself other than just relying on you income from your day job. That is long process down the road, but it's always smart to prepare early. Avoid getting into debt for silly reasons, i.e., just to buy that expensive and fancy dress that your friends have, or a car that looks real nice but you really should not be buying. I know some friends back in college days having small side business to earn some extra cash too, but that may not be for everyone, since you need to have a business-orientated mind for that. I remember doing several on-and-off part-time jobs back in my college days to pay for tuition, I wasn't rich by any means in those days and I had to drive a third-hand car that broke down all too often. Neither could I do those part-time job throughout the entire year because I need extra time before exams to study and prepare as well as finishing major assignments. But I was still happy back then. I enjoyed the freedom of not having some teacher looking over my shoulder all the time. I also enjoyed the relative lack of responsibilities back then, when you didn't have to worry about looking after your family, you just have to make sure you look after yourself well enough. Ah, college, those were nice days despite the pressure of performing well on exams and so on. Nostalgia.
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Post by volleykenzie on Nov 21, 2019 22:24:06 GMT -5
ok first question, how do you know when you are financially stable? When you don't have to worry about whether you got enough money to pay for food, clothing, shelter, transport, mortgage and so on for the next year or two. You say you are a teenager? How old exactly? Because there is a difference between early teen in junior high days (when money matters a little less) and late teens in senior high/freshmen in college days, when money matters a lot more at that end. The key is choosing wisely what to spend and learning how to save money. Because once you saved enough, you can start using that money to make investment and make that pot of cash grow by itself other than just relying on you income from your day job. That is long process down the road, but it's always smart to prepare early. I know some friends back in college days having small side business to earn some extra cash too, but that may not be for everyone, since you need to have a business-orientated mind for that. I remember doing several on-and-off part-time jobs back in my college days to pay for tuition, I wasn't rich by any means in those days and I had to drive a third-hand car that broke down all too often. Neither could I do those part-time job throughout the entire year because I need extra time before exams to study and prepare as well as finishing major assignments. But I was still happy back then. I enjoyed the freedom of not having some teacher looking over my shoulder all the time. I also enjoy the relative lack of responsibilities back then, we you didn't have to worry about looking after your family, you just have to make sure you look after yourself well enough. Ah, college, those were nice days despite the pressure of performimg well on exams and so on. Nostalgia. I am 17 in my senior year. I already got accepted to the college I wanted so that is good.
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Post by ironhammer on Nov 21, 2019 22:31:29 GMT -5
When you don't have to worry about whether you got enough money to pay for food, clothing, shelter, transport, mortgage and so on for the next year or two. You say you are a teenager? How old exactly? Because there is a difference between early teen in junior high days (when money matters a little less) and late teens in senior high/freshmen in college days, when money matters a lot more at that end. The key is choosing wisely what to spend and learning how to save money. Because once you saved enough, you can start using that money to make investment and make that pot of cash grow by itself other than just relying on you income from your day job. That is long process down the road, but it's always smart to prepare early. I know some friends back in college days having small side business to earn some extra cash too, but that may not be for everyone, since you need to have a business-orientated mind for that. I remember doing several on-and-off part-time jobs back in my college days to pay for tuition, I wasn't rich by any means in those days and I had to drive a third-hand car that broke down all too often. Neither could I do those part-time job throughout the entire year because I need extra time before exams to study and prepare as well as finishing major assignments. But I was still happy back then. I enjoyed the freedom of not having some teacher looking over my shoulder all the time. I also enjoy the relative lack of responsibilities back then, we you didn't have to worry about looking after your family, you just have to make sure you look after yourself well enough. Ah, college, those were nice days despite the pressure of performimg well on exams and so on. Nostalgia. I am 17 in my senior year. I already got accepted to the college I wanted so that is good. College is a lot more about self-discipline and learning how to manage your time to study, prep for exams and complete assignments. Yes, it's also about having fun and partying too, that is part of college life, but just make sure you don't go overboard on that. So self-discipline matters a lot, especially when you are tempted by your friends to do things you may otherwise not want to. You need to learn good judgement. As for money, like I said, don't blow your cash and go into debt for silly reasons, oh that fancy dress I want that cost $30,000 or that really nice car, no, don't give in to that temptation. You can spend something nice for yourself once in a while, but again, don't go overboard on that. Self-discipline again here. You can consider getting a part-time job, just make sure you it doesn't interfere with your study, which is your priority as an undergraduate. Btw, what do you plan to major in?
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Post by mikegarrison on Nov 22, 2019 1:08:01 GMT -5
ok first question, how do you know when you are financially stable? Little secret 1) most people aren't. Little secret 2) it's up to you really. No one else can really tell you how much money you need in order to not worry about money. There is a concept that some people talk about that is called many things, including "FU money". That is, if you have enough money to say "FU" to your boss, your family, your business, your spouse, whatever and just walk away without being terribly worried about what is going to happen to you in the near future, then you have FU money.
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Post by Wolfgang on Nov 22, 2019 4:03:33 GMT -5
I'm not from a rich family. My dad was military and my mom was a housewife. The only thing my siblings and I had was love.
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Post by Wolfgang on Nov 22, 2019 4:03:49 GMT -5
Just kidding.
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Post by akbar on Nov 22, 2019 8:57:37 GMT -5
I am very "rich"
NOT kidding.
Many people are, they just don't "know" it.
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Post by ironhammer on Nov 22, 2019 8:58:37 GMT -5
ok first question, how do you know when you are financially stable? Little secret 1) most people aren't. Little secret 2) it's up to you really. No one else can really tell you how much money you need in order to not worry about money. There is a concept that some people talk about that is called many things, including "FU money". That is, if you have enough money to say "FU" to your boss, your family, your business, your spouse, whatever and just walk away without being terribly worried about what is going to happen to you in the near future, then you have FU money. Its very subjective to know of course what constitute how much money is "enough", some people think "enough" requires a sufficient amount to easily afford a superyacht, private jet, mansion/castle or private island. But as they say, not everyone needs a BMW or Mercedes when a corolla will do fine for them. Meeting the basic essentials of daily living and not worrying about it is a good starting point I think.
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Post by volleykenzie on Nov 22, 2019 10:16:05 GMT -5
is it okay to not want have kids?
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Post by ironhammer on Nov 22, 2019 10:50:16 GMT -5
is it okay to not want have kids? Ummm...isn't that strictly your own choice? Or are you trolling here?
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Post by cindra on Nov 22, 2019 11:06:39 GMT -5
is it okay to not want have kids? Ummm...isn't that strictly your own choice? Or are you trolling here? People will give you flak for it sometimes. I can see why people could feel obligated.
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Post by ironhammer on Nov 22, 2019 11:16:58 GMT -5
Ummm...isn't that strictly your own choice? Or are you trolling here? People will give you flak for it sometimes. I can see why people could feel obligated. True, I suppose. There still exists a few uber-conservative or traditional corners in America where marriage and birth is not seen as strictly a woman's own choice but to be determined by the husband and their family. Although these days I would think they are now in a pretty small minority, and a decreasing minority at that. Or am I wrong? Unless the OP is referring to abortion and not simply whether to have kids in the first place, although that is a somewhat different discussion.
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Post by volleykenzie on Nov 22, 2019 12:34:19 GMT -5
People will give you flak for it sometimes. I can see why people could feel obligated. True, I suppose. There still exists a few uber-conservative or traditional corners in America where marriage and birth is not seen as strictly a woman's own choice but to be determined by the husband and their family. Although these days I would think they are now in a pretty small minority, and a decreasing minority at that. Or am I wrong? Unless the OP is referring to abortion and not simply whether to have kids in the first place, although that is a somewhat different discussion. oh no my friends always talk about having kids but i don’t think i want any. but when i say that they say then what’s the point of being here. i just don’t think i want kids.
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Post by volleykenzie on Nov 22, 2019 12:42:45 GMT -5
is anyone in debt from college? if so, how is your life with debt?
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