Childs wrote:I got 3 pages of Koloko and 2 pages of people with no life experience.
Duffman the mod is taking part in the off topic financial discussion. Maybe he should change the thread title or separate this stuff out from the Koloko posts
Moderators: Duffman100, HiJiNX, niQ, Morris_Shatford, DG88, Reeko, lebron stopper, 7 Footer
Childs wrote:I got 3 pages of Koloko and 2 pages of people with no life experience.
It's something I had to do as my parents weren't well off and I had dreams of owning property in the city. Just gotta learn to say no sometimes, to other people, as well as yourself. Not saying you need to become an absolute hermit, but sometimes you gotta turn down that vacation, or that night out, or that new device or game or piece of clothing. TBF COVID helped me save up for the down payment on a condo here, but it was a lot of night being jealous as well.PerkinsFor3 wrote:But how do you save money at 18 for 8 years until you're 28?
balleramil wrote:My Summer by Jarrett Jack
The one thing you don't know about our team is...
At practice we play freeze tag
Drakeem wrote:It's something I had to do as my parents weren't well off and I had dreams of owning property in the city. Just gotta learn to say no sometimes, to other people, as well as yourself. Not saying you need to become an absolute hermit, but sometimes you gotta turn down that vacation, or that night out, or that new device or game or piece of clothing. TBF COVID helped me save up for the down payment on a condo here, but it was a lot of night being jealous as well.PerkinsFor3 wrote:But how do you save money at 18 for 8 years until you're 28?
agkagk wrote:mihaic wrote:PerkinsFor3 wrote:"Save $300/m at 18, for 8 years until you're 28"
Huh?
You might buy a nice used car with that
Learn to invest.
https://www.fidelity.ca/en/growthcalculator
Before a 17 year old commits to a 50 - 100k purchase they should learn to balance a cheque book first.
Learn how money works…before you spend it.
Spoiler warning: yogurtproducer is going to rant about how he knows better
That 50k invested simply would set them up for life.
Learn to invest.
https://www.fidelity.ca/en/growthcalculator
Before a 17 year old commits to a 50 - 100k purchase they should learn to balance a cheque book first.
- Raptors RealGM Forum re: Masai Ujiri - June 2023What an absolute failure and disaster this franchise is, ran by one of the most incompetent front offices in the league.
YogurtProducer wrote:agkagk wrote:mihaic wrote:
You might buy a nice used car with that
Learn to invest.
https://www.fidelity.ca/en/growthcalculator
Before a 17 year old commits to a 50 - 100k purchase they should learn to balance a cheque book first.
Learn how money works…before you spend it.
Spoiler warning: yogurtproducer is going to rant about how he knows better
I do know better than you, as you are a guy who said:That 50k invested simply would set them up for life.
Just incredibly wrong information.
A) you need a hell of a lot more than 50K to be set for life
and
B) 18 year olds generally don't have $50k to invest. Kids going to school go to school and utilize student loans generally to do it. So these kids cant just invest cash that does not exist.Learn to invest.
https://www.fidelity.ca/en/growthcalculator
Before a 17 year old commits to a 50 - 100k purchase they should learn to balance a cheque book first.
Sweet! So these kids with $50k they do not have can invest it and in 40 years when they are 60 years old they will have $163K - AKA - still not enough to get you through retirement.
Just incredibly out of touch man. From the fact you think you can start a career through the mail room, to that 18 years old have $50k to invest, to that you need to know how to "balance a chequebook" (cheques barely exist anymore my guy) before you spend money.
We as a society really suck at teaching financial literacy... and I hate to break it but your points are exhibit A.
Childs wrote:I got 3 pages of Koloko and 2 pages of people with no life experience.
WaltFrazier wrote:Childs wrote:I got 3 pages of Koloko and 2 pages of people with no life experience.
Duffman the mod is taking part in the off topic financial discussion. Maybe he should change the thread title or separate this stuff out from the Koloko posts