18 yrs old and I should be making about 18k per year. This is my first job and I'm working 25 hrs per week.
Should I buy whatever I want? Or should I track my spending?
I have zero expenses and my parents buy everything for me so it's all disposable income.
Do you guys wish you saved your money when you were younger?
Connor Parker
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Oliver Parker
you won't get paid well till you're thirty. build your resume, don't stress about the money. I worked like a dog in a warehouse loading trucks as my first big job and spent all of it on my two girlfriends and drugs. I regret nothing.
Luis Perry
Unless you’re able to save $1k a month it won’t make any difference. Just enjoy your money and have fun. The life you’ll live having fun and enjoying yourself instead of stressing about money in your youth will earn you better returns later when you can cash in on your connections and personality/stories.
Justin Nguyen
to elaborate, as soon as I got past 25 new opportunities started to appear such as management positions and raises. I wfh as a product manager for ~120k now.
no matter how smart you are and how hard you work, you'll be ostracized by older people that don't want to be your peer.
Carson Williams
Spend your money on things that make you more money, I personally do yardsale flipping / fleamarkets / eBay. But you could take the easy way to quick money by growing certain drugs (mushrooms, weed, etc.) and selling them to people you trust, if you're willing to take that risk. Otherwise just save money, I put my money into multiple items, Historical Militaria, Gold, Silver, Jewelry, Legos, etc. It's all quite simple, just find something you enjoy and learn about how to make money off of your interests.
Colton Barnes
dont pay attention to the dude saying to spend it in used up whores
INVEST
dont spend
INVEST
only buy shit that will grow or return money, DONT SAVE , INVEST.
Colton Long
doing cocaine and banging sluts has certainly impacted my personality for the better. your strategy will have this kid compounding 100k over a decade rather than just landing said salary due to chad attributes.
he has no money to save, let him be a kid you dingus.
Noah Harris
Start investing in something with good dividends & compound over time
Brody Rogers
35y/o here
Focus your main spending on things that are best done while young/healthy. Conversely, avoid spending money on anything that can be equally enjoyed when you are older / wealthier / unwell. Anything money that's left over you should be investing.
Things I think you shouldn't spend money on:
1. Alcohol, weed, junk food. Ideally, never spend your own money on alcohol. I like to drink but both the financial cost and health consequences are simply not worth it. You can have a beer on your patio when you are 50. Same goes with weed and junk food.
2. Home decorations. Trinkets, sculptures, figurines, posters, paintings, etc. Bang/buck is extremely low and anything you can afford is probably mass-produced crap that will not appreciate, will look tacky/cliche, and will just be a pain in the ass any time you need to move.
3. Cars. Drive the cheapest and most reliable used vehicle that you can. Do as much maintenance as you can yourself.
4. Expensive shit that you don't actually need. Buy a $500 Dell instead of a $2000 Macbook. Keep your cellphone for as long as possible, etc. Shop for clothes based on quality/durability instead of brand/fashion.
Things I think you should spend money on:
1. Adventure sports/travel. For me this meant hiking/backpacking, skiing, and bike touring. You don't know if you're going to get into an accident or develop some disease in 10 years that will make these things impossible.
2. International travel. One trip every 5 years at least, aim to visit each continent at least once. Pick an interesting country, then travel as cheaply as you safely can when you get there. Bring a tent and camp, eat ramen, whatever. Japan is expensive but you can still stay in a campground for $3/night.
3. Health and fitness. This is like investing your money: the foundation and habits you set while you are young can carry dividends for the rest of your life. Take a daily multivitamin, exercise daily, stretch daily. Don't be fat.
Julian Parker
Making money at all costs from 18-25 is not worth it imho
Those years will not come back and if you don’t live the to the fullest you will regret later no matter how many millions you will stash
Bang as much high schoolers you can, experience psychedelics (lsd, dmt, bufo), have fun, acquire skills no matter the money, but keep acquiring skills and enjoy the ride
25-30 start a smooth transition, focus more on making money with job/business and invest as much as you can, after 30 the decline is slow and inevitable (unless you are some pro athlete), and your life at that point will be more stressful and challenging, but if you learned the skills you can absolutely make it
But don’t skip the part where your body count reach at least 3 digits and you experienced women of every color or you are going to regret
Evan Myers
Enjoy your life and save what's left.
Jayden Nelson
I fucked up everything early on in my life. It's hard to get back on track, but I'm doing it. Just takes will and determination. You're early so here's an easy rule to follow.
25% in savings
25% investing
50% for fun
Aiden Butler
Read The Richest Man in Babylon. You dumb faggot, just read it.
Lucas Morales
Having a bit of fun is absolutely cheap and affordable
I was living with 20 bucks a day
5 for renting a room in a university dormitory
5 for food
5 for weed (stop every time you get brain fog) and occasionally psychedelics
5 for booze (without doing exaggerated shit, don’t ruin your stomach, your liver and your pancreas, if you keep smashing them you are going to regret)
I had the best time of my life
Saving those irrelevant pennies will just make your young life miserably and unnecessary boring
I was spending just mid 4 digits per year, studying on photocopied books, my only one expensive asset was my laptop (not a fancy one but a functional one, it was absolutely necessary for me to do techie stuff and learn what I had to learn)
Now I earn in a month what I was spending in 2 years, so tell me, what’s the fucking point of saving 5 pointless bucks a day at 18 and make your life miserable?
Go enjoy your life, value your time more than just worthless garbage fiat money
Don’t forget to learn, read, experiment, try, fail, that’s gonna be infinitely more valuable than penny pinching at 18
Jayden White
about to be 24 in a month
investments at around
80k invested
I know I'll have it easier because I'm a vet
In terms of investments how well am I?
Benjamin Price
>The Richest Man in Babylon
LMFAO
>muh compound interest!
>invest in mutual funds now and you'll be rich by the time you're 80
Grayson Mitchell
>spent all of it on my two girlfriends and drugs
>cocaine
You sound like deadbeat white trash. Don’t listen to this wigger.
Jeremiah Walker
your parents advice: move out as soon as you have first and last months rent. don't do investments its just gambling
my advice: stay at home for as long as you can putting all your money into investments. you parents will start charging you rent because they're white and threaten to kick you out so be on your best behavior almost invisible so they don't think about you
Easton Sanchez
this guy is wrong
the only thing you should spend your money on other then investments is alcohol. why? parties. there are no parties when you're older this is the only time in your life you can have a raging kegger. assuming young people still do that these days i dunno.
Easton Wood
My problem was that I had already been a NEET for two years by the time I turned 18. I didn't get my first "real job" until I was 25. The security guard meme on r9k ended up changing my life. I'm 30 now, have a high paying engineering job, and own a modern apartment. I even have a girlfriend. I heavily regret I didn't get a job when I was 18 or even younger, but I simply wasn't raised in a way that fostered an attitude for working hard and achieving success. I had to learn it on my own by reaching rock bottom. Months and months of loneliness spread out over a period of years (sometimes not speaking to a human being for months at a time, every year for close to nine years) forced a lot of introspection. Somehow, I broke out of the chains of mediocrity that came so close to pulling me into a bottomless pit with no way out. I definitely got lucky. The right moment in the right place opened a door of opportunity for me that has since set me up for a successful life and a bright future.
It made me realise that the line separating success and misfortune is paper thin. I can't emphasise enough in a single post how much luck played a part in where I am today.
Josiah Nguyen
Based anno
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