IS HAVING 12K ON SAVINGS GOOD OR BAD

[Deleted member 8608]

Eh

 

[ItsOVERBuddyBoyos]

In a western country that's not alot of money at all, but if you're young at least you've made a start since alot of people have no savings/negative net worth.

 

[Deleted member 8608]

In a western country that's not alot of money at all, but if you're young at least you've made a start since alot of people have no savings/negative net worth.

i might have 20k in 2 months what should i spend it on

 

[Niklaus Mikaelson]

3-6 months of living expenses should be fine to have saved up, put the rest into investments

 

[Deleted member 8608]

3-6 months of living expenses should be fine to have saved up, put the rest into investments

the 12k are investements which i have to take proftit yet jfl

 

[Niklaus Mikaelson]

the 12k are investements which i have to take proftit yet jfl

Oh, my bad, thought that was what you had saved in your account. In that case it’s alright depending on your age

 

[Deleted member 8608]

Oh, my bad, thought that was what you had saved in your account. In that case it’s alright depending on your age

I might have around 60k around next year if things go good enough

 

[Niklaus Mikaelson]

I might have around 60k around next year if things go good enough

That’s good! Best of luck, how old are you if I may ask?

 

[BugeyeBigNoseCurry]

i might have 20k in 2 months what should i spend it on

Chaturbate

 

[Deleted member 8608]

That’s good! Best of luck, how old are you if I may ask?

21 oldcel

 

[MRD]

What are you thinking of investing in? I don't really have knowledge about anything like crypto and clueless about markets so was thinking to put some in Uber and Amazon but unsure wtf to do.

 

[Deleted member 8608]

What are you thinking of investing in? I don't really have knowledge about anything like crypto and clueless about markets so was thinking to put some in Uber and Amazon but unsure wtf to do.

once I have a good amount i wanna put it in something that gives me a 10% return but idk what

 

[Niklaus Mikaelson]

21 oldcel

In that case you’re doing good, mogs most USAcels that are in dept at that age duo to student dept, keep it up bhai

 

[ItsOVERBuddyBoyos]

once I have a good amount i wanna put it in something that gives me a 10% return but idk what

Low end rental properties can give you 5-10% returns and then you have property appreciation on top of that.

But its wayyyyyyy more hassle than just parking the money in stocks

 

[Deleted member 8608]

Low end rental properties can give you 5-10% returns and then you have property appreciation on top of that.

But its wayyyyyyy more hassle than just parking the money in stocks

itz over theres no way to make passive income in 2022

 

[Niklaus Mikaelson]

itz over theres no way to make passive income in 2022

I get around 8% on my index funds, my watches get me around 11-12% a year. It’s hard to recommend a watch though as it’s a bigger investment and can be somewhat risky if you don’t just want the watch to wear anyways

 

[Deleted member 8608]

I get around 8% on my index funds, my watches get me around 11-12% a year. It’s hard to recommend a watch though as it’s a bigger investment and can be somewhat risky if you don’t just want the watch to wear anyways

muh watches, tell me how you make 8% on index if they are crashing

 

[Niklaus Mikaelson]

@Übermogger whats with all the JFL reacts?

 

[Deleted member 8608]

@Übermogger whats with all the JFL reacts?

Smilepilled​

 

[Niklaus Mikaelson]

muh watches, tell me how you make 8% on index if they are crashing

That’s has been my average the last 4 years, I don’t care if they crash as I just see it as a opportunity to put more money in, I’m investing long term so a dips doesn’t bother me

 

[ItsOVERBuddyBoyos]

itz over theres no way to make passive income in 2022

I'm not a financial advisor so take it with a grain of salt.

But i saved as much as i could and bought rundown 2 bed flats, that needs renovation or short lease etc.
You want to look for ones that need work ( scares normies away ) or short lease so normies can't get a mortgage on these.
Attended online auctions and never overbid, it it goes high let it go, just keep going and you can get a bargain.
Fix it up as much as you can yourself, and make it all nice for pics etc. so you can get good rentoids.

Then just rent em, and you've got a mostly passive income stream.
Do this couple of times and you've already got more than a job normally pays
Plus when you're older and ready to retire these places should have appreciated in value significantly.

Its gets easier each time too since you can release equity from the assets you already own.

 

[Deleted member 8608]

That’s has been my average the last 4 years, I don’t care if they crash as I just see it as a opportunity to put more money in, I’m investing long term so a dips doesn’t bother me

maybe goverment bonds?

 

[Deleted member 8608]

I'm not a financial advisor so take it with a grain of salt.

But i saved as much as i could and bought rundown 2 bed flats, that needs renovation or short lease etc.
You want to look for ones that need work ( scares normies away ) or short lease so normies can't get a mortgage on these.
Attended online auctions and never overbid, it it goes high let it go, just keep going and you can get a bargain.
Fix it up as much as you can yourself, and make it all nice for pics etc. so you can get good rentoids.

Then just rent em, and you've got a mostly passive income stream.
Do this couple of times and you've already got more than a job normally pays
Plus when you're older and ready to retire these places should have appreciated in value significantly.

Its gets easier each time too since you can release equity from the assets you already own.

if it costs lets say 150k and i rent it for 800 a month, I will have to wait like lots of years until I make profit

 

[Niklaus Mikaelson]

maybe goverment bonds?

That’s out of my comfort zone to give an opinion on as I don’t deal with them myself so I can’t give you any good advice regarding that

 

[Deleted member 8608]

That’s out of my comfort zone to give an opinion on as I don’t deal with them myself so I can’t give you any good advice regarding that

Just be scared of the safest bet theory

 

[Niklaus Mikaelson]

Just be scared of the safest bet theory

Not scared of them, I’m just saying that I don’t deal with them as I didn’t find it worth to researching it properly, and I don’t like giving my opinion on a subject I don’t know much about

 

[ManletBlackcel]

12k is a lot of money. I’m dead broke wageslaving so I can pay off my 5k loan. You’re doing good

 

[Deleted member 8608]

12k is a lot of money. I’m dead broke wageslaving so I can pay off my 5k loan. You’re doing good

12k is a lot of money where? In Nambia? In Europe its nothing

 

[Deleted member 18849]

IS HAVING 12K ON SAVINGS GOOD OR BAD​

 

[ItsOVERBuddyBoyos]

I get around 8% on my index funds, my watches get me around 11-12% a year. It’s hard to recommend a watch though as it’s a bigger investment and can be somewhat risky if you don’t just want the watch to wear anyways

8% is nice return.

I'm too paranoid about a big crash coming so i tend to just dump some money in after a big dip and sell as soon as it bounces.

if it costs lets say 150k and i rent it for 800 a month, I will have to wait like lots of years until I make profit

800x12= 9600
9600/150,000 = 6.4% return.

Which is ok, you can best returns on the lowest ends on the market since rental prices especially in big cities don't go up much for larger properties such as houses.

With property, you're hedging your bets that the value of the property itself goes up aswell so you double dip.

But bear in mind, with stocks its no effort.
if you own a place you have to deal with the tenants demands and upkeep of the place.
plus if people don't pay their rent you will be screwed since courts are slow as fuck

At 21 aswell you want to maxxing out pension contributions if you employer matches or tops them up, for extra free money.

 

[ManletBlackcel]

12k is a lot of money where? In Nambia? In Europe its nothing

I was born and raised in the ghetto of east London where yutes got stabbed up over Nike trainers and weed just to get a little bit of money. You should be grateful to have 12k at your disposal

 

[Deleted member 8608]

I was born and raised in the ghetto of east London where yutes got stabbed up over Nike trainers and weed just to get a little bit of money. You should be grateful to have 12k at your disposal

Ok why do you tell me your life? That doesn't disproves that 12k is nothing in Europe. Nowadays everything is really expensive and 12k fly away in a blink of an eye

 

[Deleted member 8608]

8% is nice return.

I'm too paranoid about a big crash coming so i tend to just dump some money in after a big dip and sell as soon as it bounces.



800x12= 9600
9600/150,000 = 6.4% return.

Which is ok, you can best returns on the lowest ends on the market since rental prices especially in big cities don't go up much for larger properties such as houses.

With property, you're hedging your bets that the value of the property itself goes up aswell so you double dip.

But bear in mind, with stocks its no effort.
if you own a place you have to deal with the tenants demands and upkeep of the place.
plus if people don't pay their rent you will be screwed since courts are slow as fuck

At 21 aswell you want to maxxing out pension contributions if you employer matches or tops them up, for extra free money.

I get a return but I just cover the house cost, it's not money that "adds" it just covers an expense

 

[stevielake]

Ok why do you tell me your life? That doesn't disproves that 12k is nothing in Europe. Nowadays everything is really expensive and 12k fly away in a blink of an eye

$1,000 USD would make you the wealthiest man in 3rd world slums. Relativity is everything.

 

[Deleted member 8608]

$1,000 USD would make you the wealthiest man in 3rd world slums. Relativity is everything.

this.

 

[Niklaus Mikaelson]

8% is nice return.

I'm too paranoid about a big crash coming so i tend to just dump some money in after a big dip and sell as soon as it bounces.



800x12= 9600
9600/150,000 = 6.4% return.

Which is ok, you can best returns on the lowest ends on the market since rental prices especially in big cities don't go up much for larger properties such as houses.

With property, you're hedging your bets that the value of the property itself goes up aswell so you double dip.

But bear in mind, with stocks its no effort.
if you own a place you have to deal with the tenants demands and upkeep of the place.
plus if people don't pay their rent you will be screwed since courts are slow as fuck

At 21 aswell you want to maxxing out pension contributions if you employer matches or tops them up, for extra free money.

Yeah it’s been quite alright, and I’m usually never paranoid and just let the money sit, All the money I have in my investments is something I can afford to lose so I don’t follow the news/stock market or anything like that and just add money whenever it dips. Only time I took a big amount of money out was when I bought my apartment, apart from that it has just stayed in the account. Aiming for 10% return is quite high to do and without a bit of luck it’s a lot of work and guesswork

 

[ItsOVERBuddyBoyos]

I was born and raised in the ghetto of east London where yutes got stabbed up over Nike trainers and weed just to get a little bit of money. You should be grateful to have 12k at your disposal

Wagwan my brudda

I can confirm, i shank mandem, gyaldem on the regs.
Jooked up some year 7 likkle yute yday for his dixy 6 wings and fries.

 

[ManletBlackcel]

Ok why do you tell me your life? That doesn't disproves that 12k is nothing in Europe. Nowadays everything is really expensive and 12k fly away in a blink of an eye

I don’t know wtf u spending on that can make 12k go in the blink of an eye. I make just above 1 grand a month and I’m living comfortably.

 

[Deleted member 8608]

I don’t know wtf u spending on that can make 12k go in the blink of an eye. I make just above 1 grand a month and I’m living comfortably.

Try to invest in your business and education, its damn expensive

 

[ItsOVERBuddyBoyos]

I get a return but I just cover the house cost, it's not money that "adds" it just covers an expense

Yeah, you're borrowing money from the bank essentially betting you can claw back more in rent. and the house appreciation is a bonus for retirement.

Read up on Buy To Lets

 

[ManletBlackcel]

Try to invest in your business and education, its damn expensive

Yea I know that’s why I’m wageslaving so I can start my own business. 12k is more than enough to start a car wash businesses or something.

 

[Deleted member 17430]

It's not that much in the west as others have said. But as a young dude it's a considerable amount to have just sitting there. It's not good to just let it rotting in the bank tho, if you don't have immediate use for it I'd invest at least half of the money.

 

[Deleted member 8608]

It's not that much in the west as others have said. But as a young dude it's a considerable amount to have just sitting there. It's not good to just let it rotting in the bank tho, if you don't have immediate use for it I'd invest at least half of the money.

My money rots like me, as an incel everything you own rots

 

[Deleted member 20652]

It's very good. I have 0 in savings money. I want to kms because of it

 

[ItsOVERBuddyBoyos]

Yea I know that’s why I’m wageslaving so I can start my own business. 12k is more than enough to start a car wash businesses or something.

Car wash? you need access to immigrant labour which rich immigrants have better access to.

Pest control, window cleaning, specialist carpet deep cleaning etc are better imo.

What's also good i've heard is EPC bullshit. You take some small course or something and then can go and make a good professional wage if you do multiple properties a day. All with no grades or education needed.

It's very good. I have 0 in savings money. I want to kms because of it

Its because you keep spending it on test injections

 

[Deleted member 20652]

Car wash? you need access to immigrant labour which rich immigrants have better access to.

Pest control, window cleaning, specialist carpet deep cleaning etc are better imo.

What's also good i've heard is EPC bullshit. You take some small course or something and then can go and make a good professional wage if you do multiple properties a day. All with no grades or education needed.




Its because you keep spending it on test injections

No its not. Testosterone is a 15 $ a month habit

 

[ManletBlackcel]

Car wash? you need access to immigrant labour which rich immigrants have better access to.

Pest control, window cleaning, specialist carpet deep cleaning etc are better imo.

What's also good i've heard is EPC bullshit. You take some small course or something and then can go and make a good professional wage if you do multiple properties a day. All with no grades or education needed.




Its because you keep spending it on test injections

Car wash business is easy.

1. Find an abandoned parking lot that no one uses
2. Get some homeless people from the street and pay them $5 an hour
3. Buy equipment from eBay for cheap
4. Print out leaflets and send them all over the neighbourhood
5. Rake in the cash
6. Expand to mobile car washing

 

[ItsOVERBuddyBoyos]

Car wash business is easy.

1. Find an abandoned parking lot that no one uses
2. Get some homeless people from the street and pay them $5 an hour
3. Buy equipment from eBay for cheap
4. Print out leaflets and send them all over the neighbourhood
5. Rake in the cash
6. Expand to mobile car washing

I mean good luck but i gotta press X to doubt.

I'm from London, there's already car washes using eastern europeans and nicer ones with the machines.
The buisiness's are owned by other eastern euros themselves or an ethnic and they keep their workers in line.
How you going to stop homeless people from slacking off or some days half you staff might not show up because theyre still high from night before

You might be right, but just do your research and think every little detail beforehand because day to day running of any buisiness plus dealing with staff and hiring firing etc is not easy.

Also reply to my dm fam

 

[ManletBlackcel]

I mean good luck but i gotta press X to doubt.

I'm from London, there's already car washes using eastern europeans and nicer ones with the machines.
The buisiness's are owned by other eastern euros themselves or an ethnic and they keep their workers in line.
How you going to stop homeless people from slacking off or some days half you staff might not show up because theyre still high from night before

You might be right, but just do your research and think every little detail beforehand because day to day running of any buisiness plus dealing with staff and hiring firing etc is not easy.

Also reply to my dm fam

Lol I don’t plan to open a car wash, just an idea. I’m gonna make a shroom farm and grow my own drugs then sell it to crackheads. Wageslaving rn so I can start a landscaping business so I can sell the drugs to clients when doing their gardens

 

[Deleted member 14774]

I might have around 60k around next year if things go good enough

How will you have 60k at 21? That’s like top 1% net worth for your age