Jump to content

  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Millennials and their "money saving tips"

PanthersATL

By PanthersATL,
in Huddle Lounge

 Share

Recommended Posts

Chimera Community Regular

Chimera

Posted
Posted
6 hours ago, thefuzz said:

Shoes, coffee, music, sporting events, clothes, phones/tech etc...it's not the cup it's the premise.

 

Coffee has been this weird Boogeyman since the Great Recession.

Can't afford rent? StOp BuYiNg COfFeE

It's weird how the whole world went with this hive mind thought that people's budgets are ruined because of coffee. 

Link to comment
Share on other sites
  • 4 weeks later...
justinahrent Newbie

justinahrent

Posted
Posted

Well everybody is making their choices during their life, so it is up to him. In my opinion, I don't like to live like him in the future. I'm now 18 y.o. and I am always looking for how to make money as a teenager option on the internet. I am trying to find a good option for myself and earn them more money as possible to get a good bank and invest in something like cryptocurrency/stocks to don't have financial problems in the future. If you got good advice for me to, feel free to share your opinion.

Link to comment
Share on other sites
PanthersATL Grand Master

PanthersATL

Posted
  • Author
Posted
On 2/18/2022 at 12:18 PM, justinahrent said:

 invest in something like cryptocurrency/stocks to don't have financial problems in the future. If you got good advice for me to, feel free to share your opinion.

Looking at today's landscape, cryptocurrency is not an investment.  It's more of a gamble/guessing game as there is nothing to explain price fluctuations other than being able to get other people to pay you.

Stocks, funds, or other company-based securities fluctuate based on profit/loss/margin/dividend/other measurable items that quantify why one stock is worth what it is/isn't vs another.

You're young, so stocks/funds in the market is the best long-term play for you to make maximum long-term money with a minimum level of risk compared to new-fangled things like crypto where only a few people are making coin.

 

  • Pie 1
Link to comment
Share on other sites
thefuzz Mentor

thefuzz

Posted
Posted
On 2/21/2022 at 3:40 PM, PanthersATL said:

Looking at today's landscape, cryptocurrency is not an investment.  It's more of a gamble/guessing game as there is nothing to explain price fluctuations other than being able to get other people to pay you.

Stocks, funds, or other company-based securities fluctuate based on profit/loss/margin/dividend/other measurable items that quantify why one stock is worth what it is/isn't vs another.

You're young, so stocks/funds in the market is the best long-term play for you to make maximum long-term money with a minimum level of risk compared to new-fangled things like crypto where only a few people are making coin.

 

This is true.

The one thing that I would tell myself (financially) looking back, was start investing in the market early and often, don't worry about the ups and downs, you aren't going to pull it out for 20-40 years.

I'd hate to guess how much more money I'd be worth, but it's probably North of 1/2 million more had I invested regularly and without much restraint.

Max out your 401.  If you don't have one, get a SEPP.  In addition try to throw as much toward a Roth IRA as possible and don't look at it but a couple times per year.  

Link to comment
Share on other sites
PanthersATL Grand Master

PanthersATL

Posted
  • Author
Posted

If you start at 18 years old with $0 investments to start....      if you aren't able to do anything else, this is what you could end up with: 

if you can afford to put $100 a month away with an annualized rate of return of 7%....

you'll have $400,000 by the time you're 65.    (making it $200/m increases this to $800k)

And that's without increasing your monthly contribution, or having a diversified portfolio where that % could be larger than 7%... or having a 401(k) with matching contributions from your employer.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • t96
      D-Mo on FA & some of my general thoughts

      By t96 · Posted

      My general take on the state of the team not going too in depth is this: Either Morgan or Canales (hard to say whether it’s the players or the system/coaching, and that goes for any team) has been responsible for considerable strides forward on D and a bit more productive offense, but it’s been a small sample size and we collapsed at the end of the year. I lean towards it being more Canales growing as a coach and building a culture of buy-in and getting the most out of players in the locker room. My reasoning for leaning there is that Morgan was part of the Fitterer stink and it’ll take him a while of sustained success in roster management to overcome that in my mind. Next year is a big year to see if that was a fluke or not. These big signings this offseason are exciting and sometimes teams can have amazing FA classes but more often than not those who spend big and “win the offseason” don’t show the results in the regular season.    As far as QB goes, in a vacuum I’m completely fine with the Pickett signing, he’s ok value for a backup and a huge improvement over Dalton. If Bryce went down there isn’t a huge drop off there and if the rest of the team builds on last year they could win games with him under center. I’m not sure the ‘85 Bears could win games with current Dalton under center. But the O is just so damn limited with Bryce and Pickett does not push him at all, he’s purely a backup. So I agree we I’d love to see a QB with some upside drafted, a guy who could actually push Bryce if/when he struggles or doesn’t improve any further. He’s improved steadily the last 2 years but it has been from arguably worst in league history to still below average. I’m not convinced he can get any better than purely average at absolute best. I hope he can man but I just don’t see it happening. And the longer we keep penciling him as starter the less confidence I have in this staff. Even with our unexpected relative success as a team last year sometimes you do have to take another step back to take a step forward, and that could mean moving on from Bryce, and temporarily going with a slightly worse player like Pickett while aggressively trying to upgrade the position and taking dart throws in the draft/free agency on upside players. I know, there wasn’t much available this offseason outside of Willis, and this draft class seems to be poor at QB. But I’d have preferred we try something and if it didn’t work and we took a step back then just keep trying until something hits. Rolling with Bryce is just delaying the inevitable and living in purgatory.    just my 2 cents, hope I’m proved wrong
    • MrBubba
      BREAKING: Panthers have interest in Deebo Samuel

      By MrBubba · Posted

    • h0llywood
      BREAKING: Panthers have interest in Deebo Samuel

      By h0llywood · Posted

      His market value is 15.7 million. Not worth it to bring him at his age, at that price. If we were to bring in a veteran, DeAndre Hopkins is available for 2 million market value. I've said this in other threads, get Keenan Allen to play the slot. He's as good as a pass catching tight end and is market is under 7 million.
×
×
  • Create New...