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So crazy but so true. I don't understand how they sleep at night. I'm 27 and worry when my emergency fund goes below 3 months worth of expenses for a week or two, which is equal to $15K
It's not income, though that would help, but the lack of debt.
I know people making $100K or $150K+ as a couple, and have no buffer due to debt, and would have to borrow or put an unexpected $2K expense on a credit card.
Debt free for well over a decade, the most liberating thing you can do for yourself.
Insurance rates on your auto depends on your history mainly.
What about Welfare? Food stamps?
Why is your MBA so important?
I have no auto history - I am 23 and the last time I drove was when I learned when I was 17 on my parents' car. I am under 25 and rates in Mass are through the roof. I pay more than perhaps I should because I lease - I didn't want to lose my liquid cash in a downpayment in case, for instance, I lost my job due to cancer absences or I have to get a stem cell transplant and am out of work for 2+ months. Since I don't qualify for FMLA since I haven't been at my job for long enough, if I lose my job, I REALLY lose my job because no one is going to hire someone currently undergoing chemo and radiation. My 2010 Civic is $120 for the cheapest insurance - most insurance companies were charging closer to $190. One of my best friends has a 2 door 1999 Civic and he pays $100 a month because of one accident and being a male under 25 and living in Boston.
I pay $600 a month in rent to share a rathole 3rd story walkup with roommates and that's by far the cheapest I could find. Utilities are extra- we don't have TV, freeze in the winter, and burn up in the summer. Keep in mind that I was at work for 4 months between college graduation and diagnosis. During that 4 months I also made a 1000 mile move and had to buy apartment things since I had always lived in a dorm on scholarship before and had no need for furniture.
I make too much money for welfare and food stamps. I also don't qualify for SSDI - my disease does but would require 6 months of not working or something ridiculous that is not feasible no matter how difficult going to work actually is. I apply for all the aid I can through charity but frankly there are FAR too many people out there in need for not nearly enough money.
The MBA is important because I see not taking advantage as lost income. I get about $18,000 a year in free classes (or 3 classes a year) paid for at work, a university. By not taking advantage of them, I am literally throwing money out the window. It will take me around 5/6 years to accomplish the MBA for free taking one class at a time and the max raise I can get a year is 2% (capped by HR)- I want to get done with the MBA and be able to apply for jobs at the MBA paygrade as soon as possible.
It's not income, though that would help, but the lack of debt.
I know people making $100K or $150K+ as a couple, and have no buffer due to debt, and would have to borrow or put an unexpected $2K expense on a credit card.
Debt free for well over a decade, the most liberating thing you can do for yourself.
Right. I'd like to see how many people are making say over 100k but can't come up with 2k.
I don't put too much stock in this type of research, though I'm not really too surprised by the results. The average American is a mirror image of our government... Deeply in debt.
I live on a poverty level income. HowTF much do you expect me to have saved for a rainy day?
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Originally Posted by freemkt
I live on a poverty level income. It's my own fault I can't save on a poverty level income?
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Originally Posted by freemkt
Since I have no money and no skills, and cannot afford school or training, I don't know how to resolve the problem.
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Originally Posted by freemkt
I'd like to learn how to make great websites. I had this idea 8 years ago
Eight years ago and you still haven't learned how to make a website?
If you aren't content living at poverty level you have to take actions to change your situation, not just lament having low income and not being able to afford training. There are so many free tools and resources for learning how to make websites, hell you could probably manage a small network of websites for free from your local public library. You don't need to be some high level expert ajax/python/jquery/python guru, you want to get started with the basics google html tutorial then open up notepad and start typing, open that file in a browser and tinker away.
Don't just wish for it, go get it. Good luck.
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