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Posted: 12/6/2023 10:44:09 PM EDT
[#1]
Weird, I'm in that age range and my house is paid off, my liquid assets out weigh my liabilities, and my retirement savings are well on track
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Posted: 12/6/2023 10:44:46 PM EDT
[#2]
Quote HistoryQuoted: The whole thing just bugs me. I try and impart my wisdom to the millennials out there but honestly they're too fucking stupid. They are all about living in the moment and instant gratification. For starters; -Your first tent doesn't have to be the tent you're going to spend the rest of your life in -Look for a nice (affordable) starter tent from Walmart or even a Blue Tarp which works just as good. -Cut back on the luxuries. I'll say it again cut back on the luxuries -You don't need a fancy Coleman twin burner propane stove when a single burner stove is just fine for your needs. -You don't have to have the latest and greatest -Yes we've all seen hot tents, no you can't afford it. -Make a plan and stick to it -Ask your manager if you can pick up a second shift, most Wendys are open until 1AM so that's ample time to make some extra bucks ROFL. Copypasta worthy. |
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Posted: 12/6/2023 10:50:56 PM EDT
[#3]
Quote HistoryQuoted: Or it could be the massive slide toward bankrupting the country into accepting socialism on a national scale. I had civics and economics on my curriculum in the early 2000's still btw. Quote HistoryQuoted: Quoted: This all started when they removed Civics and Economics from the school curriculum back in the late 80's. Even some of my generation (X) is clueless on how to budget them self's. Or it could be the massive slide toward bankrupting the country into accepting socialism on a national scale. I had civics and economics on my curriculum in the early 2000's still btw. |
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Posted: 12/6/2023 10:57:00 PM EDT
[#4]
Quote HistoryQuoted: So basically they were not taught to manage money. We were taught. Many just didn't listen. About to sell my last rental. No mortgages, house and property, no car notes. Just month to month CC debt to get the points and cash back. Retirement account is looking okay, and starting investments for the kids. They can have it when we croak or present a business plan reasonable enough to invest in. |
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Posted: 12/6/2023 10:57:38 PM EDT
[#5]
Quote HistoryQuoted: I remember using the victorias secret catalog back when the chicks were still hot while I was pulling on my bootstrap. Did you pull yourself up by the bootstrap? I recall not caring which direction my bootstrap was pulled back in those days. We were so poor I was pulling the dog up by the bootstrap just to feed the cat. Had 'cado toast, hold the cado and the toasting. |
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Posted: 12/6/2023 11:00:02 PM EDT
[#6]
there's always recessions, right when you think things are great, it reverses, happens every time, getting ready to do it again, that's the way it works
the pandemic was Govt induced and fake , strange how it ended quickly and is barely an afterthought now, millennials have had tremendous opportunities growing up with rapidly growing technology and the internet |
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Posted: 12/6/2023 11:01:00 PM EDT
[#7]
Elder millennial here. My house is nearly paid for, all 3 vehicles, 2 of which are less than 2 years old are paid off. All my student loans I paid off. Damn us millennials......
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Posted: 12/6/2023 11:05:19 PM EDT
[#8]
In my personal experience, I see a lot more GenX that seem to be irresponsible with money compared to millennials.
I'm doing okay, I don't have much extra money, but also don't have any debt either. The cost of living is pretty low around here. Most expenses are just basic stuff like groceries, insurance, taxes, electric, auto maintenance, and maybe some repairs around the house. |
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Posted: 12/6/2023 11:06:16 PM EDT
[#9]
Quote HistoryQuoted: I remember using the victorias secret catalog back when the chicks were still hot while I was pulling on my bootstrap. Quote HistoryQuoted: Quoted: It's unbelievable how everyone found porn in the woods back then. It's like a lost psychic ability...it just was a thing.Also we still utilized National Geographic. 13 year old me used the art section of Encyclopedia Britannica in a pinch. I remember using the victorias secret catalog back when the chicks were still hot while I was pulling on my bootstrap. That thing coming in the mail and swiping it before anyone else saw it was like pulling off the most satisfying crime of the century. |
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Posted: 12/6/2023 11:08:21 PM EDT
[#10]
They should read (assuming they can read) "The Millionaire Next Door" and "Rich Dad Poor Dad".
The books are as appropriate now as they were when they were written. |
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Posted: 12/6/2023 11:09:36 PM EDT
[#11]
In all these threads about money, no one ever brags about how much free money they got from the government during covid. Trillions went out. If you owned a business, you probably got money. Unlike salary or hourly employees that got nothing except higher prices on everything.
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Posted: 12/6/2023 11:11:11 PM EDT
[#12]
They should all move to North Korea where they can find a substitute mommy.
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Posted: 12/6/2023 11:12:01 PM EDT
[#13]
Demographics and statistics would indicate they voted for this. So.......
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Posted: 12/6/2023 11:15:31 PM EDT
[#14]
I’m an old millennial. We just bought a new home outright (450k cash) and both cars are paid off. Have about 80k in our bank account.
I was 22 in the 08 crash and didn’t have any assets or real bills so it didn’t really affect me. My wife was finishing up law school and got into real estate law doing foreclosures so she made out pretty well financially in the years following 08. The people 08 really affected were the younger boomers like my parents that got caught with their pants down and over extended and ultimately ended up in bankruptcy. |
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Posted: 12/6/2023 11:16:50 PM EDT
[#15]
Quote HistoryQuoted: I remember using the victorias secret catalog back when the chicks were still hot while I was pulling on my bootstrap. Couldn’t wait for the sears catalog to come around Christmas time when I was 10-13. |
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Posted: 12/6/2023 11:25:08 PM EDT
[#16]
Quote HistoryQuoted: The hardest part about being an elder millennial is seeing how great the country used to be in the 90's and knowing what hell lies ahead. Younger people will have never known a world where we were great and free, and the older generations will die off long before SS runs out and the country is lost to the commies. Lucky bastards. All the kicking the can down the road will absolutely fall on our shoulders right as we get into our golden years. Almost our entire adult lives have been spent in a country at war (or serving in one), we'll have a short respite for 5-10 years before we're back into another 20 year war - probably WW3 which will wreck us. Those of us who saved a few pennies and built businesses will be the bag holders and we'll watch our life's work get robbed by the commies to pay for more social programs and reparations to the Chinese government after we lose to them. Millions will be lost to suicide as we have no hope with the knowledge of how things used to be and severe depression from working all our lives to support our boomer parents who were able to pass away before seeing the hell they left to us to deal with, and our retirements gone to support the tranny Gen Z who are now (in 2050 or so) the biggest voting block stealing whatever we have left. Holy fuck dude, doom harder. |
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Posted: 12/6/2023 11:26:04 PM EDT
[#17]
I'm amused how so many people who are blessed with good fortune think they were so much smarter than everyone else. Yes, many of us made good decisions but there was also the fact that our timing was lucky, or this, or that circumstance all lined up-others did the same thing and got totally hosed.
TLDR- thank God for what you have and have been able to do. |
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Posted: 12/6/2023 11:27:01 PM EDT
[#18]
Quote HistoryQuoted: It’s odd, although I do recall “Millennial” being used to refer to people born as far back as 1980 when the term was coined. 1981 to 1995 is the range of millennials. So 42 to 28 |
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Posted: 12/6/2023 11:39:08 PM EDT
[#19]
Quote HistoryQuoted: That thing coming in the mail and swiping it before anyone else saw it was like pulling off the most satisfying crime of the century. If you got to it too late you had to see which pages your mom had earmarked mid-wank. 
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Posted: 12/6/2023 11:53:06 PM EDT
[#20]
Quote HistoryQuoted: It's a generation, not something fluid like gender. You're a millennial. You don't get to identify as gen x just because you like mall rats and hate your parents Quote HistoryQuoted: Quoted: IMHO GEN-X is those that didn't grow up with the internet (last gen). That means born in 1983/1984 and up. HS didn't have the internet till 1996/1998. It's a generation, not something fluid like gender. You're a millennial. You don't get to identify as gen x just because you like mall rats and hate your parents Except the people that coined the term and even wrote a book on it a few decades ago stated it was those born starting in 1982. 
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Posted: 12/6/2023 11:59:31 PM EDT
[#21]
I'm a millennial and all I want for Christmas is know what a healthy economy looks like - RIP the 90's.
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Posted: 12/6/2023 11:59:48 PM EDT
[#22]
Quote HistoryQuoted: How is someone born in the late 70s a millennial? That's how they define them. Except here, where Millennials are teenagers who work at Starbucks. |
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Posted: 12/7/2023 12:04:31 AM EDT
[#23]
My only issue has been health problems keeping me from working full time and costing me tens of thousands of dollars in expenses, with the loss of upside on income likely easily exceeding the direct costs. I think next year is going to be the best I’ve had in a long time & I’ll be crushing it over the next 5-10.
Even with all of that I’m still ahead of the curve due to having luckily bought my house at a good time & not having any other real responsibilities. Being 36 with my housing costs fixed as long as I need them to & having a real career with lots of income upside is fine. Just hope I stay healthy enough & alive to enjoy it. |
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Posted: 12/7/2023 12:04:36 AM EDT
[#24]
Quote HistoryQuoted: So basically they were not taught to manage money. No we weren't. We were taught Square Dancing in gym class and the recorder in music class. We were told by our parents going to college is the only way to make a living as an adult. Starting your own business was only for the rich and if you wanted to be a blue collar worker, you probably had bad grades and didn't apply yourself. Thanks Gen xers and baby boomers 
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Posted: 12/7/2023 12:14:52 AM EDT
[#25]
Quote HistoryQuoted: No we weren't. We were taught Square Dancing in gym class and the recorder in music class. We were told by our parents going to college is the only way to make a living as an adult. Starting your own business was only for the rich and if you wanted to be a blue collar worker, you probably had bad grades and didn't apply yourself. Thanks Gen xers and baby boomers Remember all of that time they spent teaching us cursive? 
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Posted: 12/7/2023 12:18:53 AM EDT
[#26]
Quote HistoryQuoted: Listen to this man. Quote HistoryQuoted: Quoted: Lessons I've learned over two recessions- 1) always live beneath your means 2) never have less than six months cash in case of a financial emergency 3) it takes money to make money. Look for opportunities. 4) never turn down a good thing/ continue looking for something better 5) take care of your health. Life can go from 100 to 0 pretty quickly even if you don't fuck up 5 kicked my ass in my 30s. Hit by an uninsured motorist. Two spine fusions and a year off work broke me. I almost lost my house. |
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Posted: 12/7/2023 12:23:38 AM EDT
[#27]
This is GD, everyone is a millionaire with everything paid off and a super model wife
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Posted: 12/7/2023 12:31:24 AM EDT
[#28]
Gen X, watching Millenials complain about the cost of living and fears about retirement:
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Posted: 12/7/2023 12:42:42 AM EDT
[#29]
i dont care what you call the generation, all i know is one thing, dont spend more then you make. its a pretty simple formula.
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Posted: 12/7/2023 12:50:59 AM EDT
[#30]
True story.
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Posted: 12/7/2023 12:52:40 AM EDT
[#31]
I'm an elder millennial. Far from perfect discipline and choices on my part. Lost my ass a bit in divorces over the years. We had plenty of opportunities. I graduated with zero college debt and bought a house at 24, when they would loan any amount, to anybody.
Only debt I have is my 3% mortgage. More in my 401K than the average Boomer. The trick is, I don't eat Avocado toast. Or maybe, we had plenty of opportunities, for those with a bit of ambition and work ethic. Those recessions were buying opportunities. Pretending that Americans my age are victims of circumstances is an insult to the history of the human condition. We literally have it better than 99.99999% of people born anywhere, at any time in history. |
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Posted: 12/7/2023 1:06:55 AM EDT
[#32]
Quote HistoryQuoted: IMHO GEN-X is those that didn't grow up with the internet (last gen). That means born in 1983/1984 and up. HS didn't have the internet till 1996/1998. I was born around then. We had gopher net in grade school I think the gen z/millennial switch was flipped at different times in different areas. I can say that in my area those who graduated in 2001 and earlier are mostly gen z types. 2002 and after are millennial types. There was a district difference starting with that class of 2002. |
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Posted: 12/7/2023 1:07:21 AM EDT
[#33]
cash is crap as they would say. appreciating assets are king. But cash works wonders when you need it.
My assets are 3 to 1 compared to my debt. i passed 1 million years ago. I bought opportunities when they came up in cash. wheeled and dealed as much as i could. favors cashed in etc. I never bought fancy cars, watches, or bullshit. I always looked at the price i paid versus what it sells for. my average rate of return on money invested is 50%, not kidding. I buy in bulk and sell later. my stocks and investments clear 15-21% and is actively managed. I do have nice guns and reloading gear, but that has paid for itself 100 times over. that is really my biggest expense/used to be. Im done buying for a very long time, i have all the fancy toys as they would say. I'm really too busy now to even enjoy them. most deals should be business based not emotional. |
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Posted: 12/7/2023 1:09:07 AM EDT
[#34]
Quote HistoryQuoted: Similar here. Married 15 years, four kids, paid for my house a decade ago, big gun collection, decent retirement, three paid off (older) vehicles and one new one with a note. Also hold a couple bitcoin and I'm 17 years into the USMC-R. Solid six figure day job that will probably lead to a director level position in a decade or so. |
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Posted: 12/7/2023 1:10:23 AM EDT
[#35]
Not sure I agree with being lumped in as a Millennial (this is the longest they've stretched the age range).
Nobody is stuck in a lifestyle they can't afford. There's always room for downsizing - a generation that supposedly faced so many economic setbacks should understand that. I've always tried to live within my means, even if it meant "going without" the luxuries that my contemporaries always demanded. |
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Posted: 12/7/2023 1:15:45 AM EDT
[#36]
Quote HistoryQuoted: The hardest part about being an elder millennial is seeing how great the country used to be in the 90's and knowing what hell lies ahead. Younger people will have never known a world where we were great and free, and the older generations will die off long before SS runs out and the country is lost to the commies. Lucky bastards. All the kicking the can down the road will absolutely fall on our shoulders right as we get into our golden years. Almost our entire adult lives have been spent in a country at war (or serving in one), we'll have a short respite for 5-10 years before we're back into another 20 year war - probably WW3 which will wreck us. Those of us who saved a few pennies and built businesses will be the bag holders and we'll watch our life's work get robbed by the commies to pay for more social programs and reparations to the Chinese government after we lose to them. Millions will be lost to suicide as we have no hope with the knowledge of how things used to be and severe depression from working all our lives to support our boomer parents who were able to pass away before seeing the hell they left to us to deal with, and our retirements gone to support the tranny Gen Z who are now (in 2050 or so) the biggest voting block stealing whatever we have left. |
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Posted: 12/7/2023 1:22:17 AM EDT
[#37]
Quote HistoryQuoted: It's unbelievable how everyone found porn in the woods back then. It's like a lost psychic ability...it just was a thing.Also we still utilized National Geographic. 13 year old me used the art section of Encyclopedia Britannica in a pinch. The pages in the Montgomery Ward lingerie section were always stuck together. I can close my eyes and still see this gorgeous brunette with giant cans in a baby blue bra. |
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Posted: 12/7/2023 1:22:36 AM EDT
[#38]
I kind of wish we would have a true depression to reset people’s expectations. People have a generally better standard of living than anyone before them and all they do it bitch about whatever they think that they don’t have but are entitled to.
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Posted: 12/7/2023 1:24:58 AM EDT
[#39]
I'm in that age category.
A small business I started failed, I still have a goddamn year left on a non-compete, and my net income this year is close to zero. Probably shouldn't have spent $10k on oil paintings. |
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Posted: 12/7/2023 1:27:08 AM EDT
[#40]
Quote HistoryQuoted: I'm in that age category. A small business I started failed, I still have a goddamn year left on a non-compete, and my net income this year is close to zero. Probably shouldn't have spent $10k on oil paintings. |
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Posted: 12/7/2023 1:38:53 AM EDT
[#41]
Quote HistoryQuoted: I kind of wish we would have a true depression to reset people’s expectations. People have a generally better standard of living than anyone before them and all they do it bitch about whatever they think that they don’t have but are entitled to. Me too, I want people to suffer while I swoop in and buy their broken American dream for pennies on the dollar of what they paid. |
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Posted: 12/7/2023 1:40:05 AM EDT
[#42]
Quote HistoryQuoted: Remember all of that time they spent teaching us cursive? Quote HistoryQuoted: Quoted: No we weren't. We were taught Square Dancing in gym class and the recorder in music class. We were told by our parents going to college is the only way to make a living as an adult. Starting your own business was only for the rich and if you wanted to be a blue collar worker, you probably had bad grades and didn't apply yourself. Thanks Gen xers and baby boomers Remember all of that time they spent teaching us cursive? You need to learn this because this is how every adult writes. 
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Posted: 12/7/2023 1:40:18 AM EDT
[#43]
Quote HistoryQuoted: Me too, I want people to suffer while I swoop in and buy their broken American dream for pennies on the dollar of what they paid. Why stop there, nuclear holocaust would really get the sufferin' on. |
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Posted: 12/7/2023 1:41:27 AM EDT
[#44]
Quote HistoryQuoted: You need to learn this because this is how every adult writes. They wasted like 1/4 of the school year on that bullshit.
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Posted: 12/7/2023 1:47:50 AM EDT
[#45]
Quote HistoryQuoted: I'm amused how so many people who are blessed with good fortune think they were so much smarter than everyone else. Yes, many of us made good decisions but there was also the fact that our timing was lucky, or this, or that circumstance all lined up-others did the same thing and got totally hosed. TLDR- thank God for what you have and have been able to do. God had nothing to do with it. |
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Posted: 12/7/2023 2:08:33 AM EDT
[#46]
Quote HistoryQuoted: You need to learn this because this is how every adult writes. Quote HistoryQuoted: Quoted: Quoted: No we weren't. We were taught Square Dancing in gym class and the recorder in music class. We were told by our parents going to college is the only way to make a living as an adult. Starting your own business was only for the rich and if you wanted to be a blue collar worker, you probably had bad grades and didn't apply yourself. Thanks Gen xers and baby boomers Remember all of that time they spent teaching us cursive? You need to learn this because this is how every adult writes. We were told that when we got to middle school all of our assignments would have to be written in cursive, flash forward to today and that same school district gives every student a tablet to do all of their assignments on. |
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Posted: 12/7/2023 2:24:08 AM EDT
[#47]
Quote HistoryQuoted: We were told that when we got to middle school all of our assignments would have to be written in cursive, flash forward to today and that same school district gives every student a tablet to do all of their assignments on. On the plus side, if we ever get into a second civil war I can write a bangin' old-timey letter to my wife in cursive. |
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Posted: 12/7/2023 2:31:41 AM EDT
[#48]
I'm an 'elder millennial'. Things were going decently until the divorce (and things would have been a lot better if my ex-wife hadn't been the type to spend money frivolously, even though she made boatloads of money).
When we separated and I moved into my apartment, I had almost nothing with me. Didn't even have a chair or a table to eat off of. I remember eating dinner the first several nights here...my choices for seating were either sitting on my bed, or sitting on the floor. A divorce can financially ruin you and set you back decades. I essentially had to start my life over from almost nothing in my mid-30s. |
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Posted: 12/7/2023 2:32:39 AM EDT
[#49]
Quote HistoryQuoted: If they would just pick themselves up by the bootstraps they'd be fine. Put on a suit, shine their shoes up nice, walk into the nearest factory, and look the boss man in the eyes as they shake his hand. There's a good paying job right there. Combine that with buying a reasonable starter house for $40,000 instead of trying to afford a mcmansion and they should be able to afford a fine lifestyle. They'd probably even have leftover money to take their honeys to the local malt shop once a week. I don't know why those dumb millennials refuse to understand this basic sort of stuff. LMAO $40,000? A starter pile here in NV is around $285,000. |
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Posted: 12/7/2023 2:35:32 AM EDT
[#50]
Quote HistoryQuoted: LMAO $40,000? A starter pile here in NV is around $285,000. They are selling literal flop-houses for half a million up here. |
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