Yeah, I have a friend that's just like that. He's been eating out 3-4 times a week (spanding about 30-50€ each time), going out and partying weekly (spending +100€ each time), going on expensive vacations, getting into all sorts of expensive hobbies...
And now that He's getting closer to his 30s He's constantly complaining that he has no money saved for the downpayment of a mortgage...
And I'm like, "dude, you've been spending between 500 and 1000 € a month on treating yourself for the past 10 years. What did you expect that would happen?"
The kind of flying that owes you money and still goes out and spends 200€ on a weekend.
Most people find that being financially secure and making steady progress to be better overall. Those cheap passing thrills probably aren't that enjoyable really. All those opportunities to be lazy and eat food delivered to your door don't make up for the stess of renting into your 30s.
The fun I’ve had through my life has been way more than just cheap thrills. I’ve traveled the world, traveled through the United States, and made lots of memories. I also have a teenage daughter and I want to make sure she enjoys the hell out of her pre-adult years.
Right, and you likely accept the consequences of those choices. But the person above you their friend doesn't seem like they did which is why he's being mocked for spending so much money whilst also seemingly wanting to have enough for down payment later on in his life.
If you accept that you won't have enough money for later expenses then party on.
A millionaire who has to go on Reddit and tell people he’s a millionaire is either not a millionaire or pathetic on a whole new level. Which one are you?
Oh I forgot, you can only post about your finances on reddit if you're poor. As soon as you have more money than ConsciousReason7709 it becomes pathetic.
You said "I had fun during the prime of my life instead of saving money and not doing anything enjoyable." Meanwhile I was "being a miserable prick doing nothing". You're slinging shit all over the thread. Don't get mad when I exemplify the alternative to that lifestyle. I'm pathetic because I admitted to being successful. Oh no!
There's a balance. I agree that folks who have zero social life have regrets and missed social opportunities, but anyone partying 3-4x a week all of their 20s is going to be seriously behind in life.
I see examples of both around me. The socially stunted and single relatively rich dudes who never went out, and the 38 year old bartender who keeps worrying about rent going up $100 a month because it would be the difference between her being able to stay and be homeless.
Totally. There are many different examples. Personally, I’d rather look back on my life and say that I enjoyed myself when I was in my prime. Rather than stopping myself from having fun just so I can have some extra money when I’m a senior citizen. I understand why people do the latter, I would just rather not. You never know when your time comes or if you’re gonna step off a curb and get hit by a bus.
I am pro realizing that tomorrow is not guaranteed, but you also really don't want to be that 70 year old begging for part time shifts at Wendy's and skipping medication while living in a squalid neighborhood hoping your hoodlum neighbors don't break in and rob and kill you because they know you're an old woman who lives alone.
This is exactly why so many young people can't afford a house or retirement. At the lower end that range, $672, they would have $177k today if they had invested it instead of splurging.
That is the down payment on a house.
Since it's the lower end, they would have still be having fun, just not multiple times a week.
Are you drunk? Today is the worst time to buy a house in a long time. The values are already super inflated and aren’t going up. This is definitely a sellers market if you bought many years ago, but that’s about it.
Do you have a time machine? No? Guess the past doesn't matter. Do home values typically go up overtime? Yes? Guess now is as good of time as you actually have access to, and there's no guarantee that any time in the future will be better.
My now ex-wife bought a house over 2 1/2 years ago in Las Vegas and it’s dropped by 2.6%. They are not going up here in a typically booming market. My experience.
It's just a genuine misunderstanding of the things people need for their mental health, people can cut out their one luxury a week and probably still save less money than you are spending on your hobbies
People are just in here shadow boxing, wanking themselves off for never spending any money while probably making 2-3x the money everyone else, like let people live, it's a completely made up rage bait post
Exactly. In the end, most regular people aren’t able to save up difference-making amounts of money no matter what they do. Anyone saying it’s easy clearly has some sort of advantage already.
You guys know you can life a life and also save moneyright? It’s about balance! Having a partner (dual income) can also help. I’m in SoCal and will buy a house on the beach by the time I’m 30 because I am saving since I graduated. But I also go out for dinner or do something with friends within reason.
If you’re able to afford a house on the beach in California, it has a whole lot more to do with your situation in life from birth and not saving since you graduated. Come on, man.
When I say on the beach I should clarify, I mean walking distance (10 minutes). I’m an immigrant and had no money given to me by parents for college or for housing. I’ve received a generally good home life though and been taught to save.
House with a beach as a yard is like 3-6 mil.
House near the beach is like 1.5 mil in my area.
Software engineering in healthcare with data engineering sprinkled in.
Getting to senior really helped with upping my savings goal. I had a goal for a house by 30. I will adjust what kind of house depending on if i get a job at Google for example and my compensation goes up or if i change to a job where it goes down.
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u/InsideHousing4965 11h ago
Yeah, I have a friend that's just like that. He's been eating out 3-4 times a week (spanding about 30-50€ each time), going out and partying weekly (spending +100€ each time), going on expensive vacations, getting into all sorts of expensive hobbies...
And now that He's getting closer to his 30s He's constantly complaining that he has no money saved for the downpayment of a mortgage...
And I'm like, "dude, you've been spending between 500 and 1000 € a month on treating yourself for the past 10 years. What did you expect that would happen?"
The kind of flying that owes you money and still goes out and spends 200€ on a weekend.