I feel like a fucking failure

TreeEater
TreeEater

27
4k in emergency account
13.5k in 401k

I feel like a fucking failure. I'll be lucky to retire with 1.5mil. In 40 years that isn't going to cut it. A single meal will cost something ridiculous like $100.

How do you stop from killing yourself each day knowing this?

Snarelure
Snarelure

@TreeEater
get a better job

Burnblaze
Burnblaze

@Snarelure

T-thanks dad.

SniperGod
SniperGod

Dad has 20 year military penchant
Dad has 17 year FERS penchant
Mom has twenty something year state penchants
These adjust to inflation
Plus they have tricare
Soon they'll both be drawing social security on top of this
Their combined penchants + social security earn more than the average American family even makes
They have 250k saved up past that and our house is estimated at 156k in value

You can get it if you want to.

Need_TLC
Need_TLC

@TreeEater
What do you do in your spare time? Do you improve yourself? Do you learn about investing? Do you find ways to earn more money? Do you cook instead of eating out?

Nude_Bikergirl
Nude_Bikergirl

@SniperGod
house is estimated at 156k

Lel, don't try to boast when you live in poverty

Harmless_Venom
Harmless_Venom

@Nude_Bikergirl

Not everyplace has housing prices like Commiefornia or Jew York son. I drink my scotch out of waterford crystal.

Lord_Tryzalot
Lord_Tryzalot

@Need_TLC

I work, come home, maybe go out and do something one or two nights a week. Maybe go on a date if I'm feeling extroverted.

I can't think of a way I improve myself. Considering going back to school for an engineering degree, but that seems daunting and I don't want to go through the student life struggle for four years again.

I do learn about investing, though. Watch stocks, play sometimes, etc. I have a goal set to open a roth IRA, but I want my emergency fund at $9-10k first. So it's going to be a while before that happens.

I'm vegan, so I'm forced to eat in most nights. I'm pretty frugal with my money.

happy_sad
happy_sad

@Burnblaze
He's 100% right. You make $1100 every two weeks, or roughly $28,600 annually assuming full-employment and zero vacations. That puts you solidly below all averages for U.S. men, and that's assuming you have only a high school education.

If this is truly the maximum that you're able to earn, then you'd better adjust your goals and quickly learn to live within your means.

Otherwise, get a better job.

5mileys
5mileys

retire

hhehaheaaehah

they invented that concept in the 1950s bro

takes2long
takes2long

23
10 oz buried
3k in strongbox
10k in global ETFs
twenty macallan 12s and five 18s stashed
enough in checking to cover 6 months' expenses

My plan is to drink myself to death if the world goes belly-up.
If not, ride that wave bb

askme
askme

@TreeEater
car 400usd per two weeks

food 100usd
internet 100usd two weeks

what the fuck

iluvmen
iluvmen

The cure for high prices is high prices. Just like in housing--the growth cannot continue at current rates. Hedge, stay debt free and wait for the dust to settle. Remember it's an election year

Inmate
Inmate

@happy_sad

That's net. I make an average of $50-55k depending on how business is for the year. Sometimes less, sometimes more.

I get a full month of PTO and full benefits. Put 8% in my 401k and it gets 100% matched up to 6%. I'm lucky to have this, even if there are better options out there. I only have a high school diploma.

@askme

Those are monthly figures. $200/month on food doesn't seem excessive to me in my area. Car is $350 monthly.

Deadlyinx
Deadlyinx

@TreeEater

dude you're doing pretty good. just keep at it.

Methshot
Methshot

@TreeEater
Is this excel?

Can anyone recommend a program to keep track of earnings/expenses like this?

PackManBrainlure
PackManBrainlure

@Methshot

I just made it myself in excel (open office, actually). I'll upload it somewhere and link it if you'd like.

Snarelure
Snarelure

@PackManBrainlure
Sure, I use libre office myself.

Burnblaze
Burnblaze

@Methshot
Why the fuck do you need to keep track of your expenses? Just don't buy anything you don't need. Before go to Olive Garden, ask yourself if you really want to spend $15 for a mediocre meal. Budgets are crutches that encourage wasteful spending because you will think as long as you are under budget you don't need to make careful decisions.

Emberburn
Emberburn

@takes2long

10 OZ BURIED

WHERE U LIVE MY MAN

Emberfire
Emberfire

@Inmate
Then I'm not sure what the problem is. $1.5 million will give you at least $45K annually in retirement, even including inflation (using modified-Trinity 3% assumption). That should be plenty to maintain your current standard of living.

You want a better standard of living? Get a better job.

Evilember
Evilember

@Emberburn
far away from where they're buried brah

Flameblow
Flameblow

@Burnblaze
To keep track of where money is hemorrhaging and make choices about what I can cut without sacrificing necessities or dignity

SniperGod
SniperGod

@Flameblow
You can do that without a fucking spreadsheet.

RavySnake
RavySnake

@SniperGod
Are you amish or something? Computers make things eaiser

TurtleCat
TurtleCat

@Snarelure

Here you go. The only thing that didn't carry over was the lock on the first column, but that's easy enough to do.

StonedTime
StonedTime

@RavySnake
Instead of wasting time entering things in a spreadsheet, you can just not spend money on stupid shit in the first place.

ZeroReborn
ZeroReborn

@StonedTime
Do you see any stupid shit on his spreadsheet?

Oh that's right, you don't. Because organizing your expenses allows you to see what is stupid shit easily

@TurtleCat
Thanks

eGremlin
eGremlin

@ZeroReborn
I can only tell if someone is stupid shit AFTER I spend money on it

Soft_member
Soft_member

@Evilember

just looking out for you
you never know when dementia hits

viagrandad
viagrandad

@TreeEater

buy monero

Fried_Sushi
Fried_Sushi

How the fuck I got more money then you, I'm living with my mom, I'm younger then you, and I don't even have my drivers license? (Permit)

w8t4u
w8t4u

@TreeEater
Consider yourself lucky. You are able to save some money. Many folks have multiple jobs and struggle to just get by.

TalkBomber
TalkBomber

@TreeEater
At 3% inflation
1.5mil in 40 years is equivalent to $459835.26116 in todays dollars. Just giving you some perspective on the whole $100 meal thing.
@Burnblaze
This

LuckyDusty
LuckyDusty

@Nude_Bikergirl
250k saved up

Go flash your Rolex to some kids you retard

girlDog
girlDog

Your budget is shit
Overpriced phone bill, WAY overpriced internet, >muh Netflix, crazy car payment and to top it all off you only have $200 for food

SomethingNew
SomethingNew

@SniperGod
what the fuck is a penchant
pension?

Bidwell
Bidwell

@girlDog
Since when is 350 bucks a month a "crazy car payment?"

Confirmed for bus rider.

TalkBomber
TalkBomber

@Bidwell
I bought a newish economy sedan for $9k in 2009 and still drive the same car

On $2200/month any car payment is absolute cuckery and you cant budget for shit

PurpleCharger
PurpleCharger

having a job so miserable that you need to retire

not being an engineer

Raving_Cute
Raving_Cute

@Bidwell
Any car payment is a crazy car payment since you should just buy a car you can afford for cash money.

Deadlyinx
Deadlyinx

Is retiring with $1.5 mellon really not enough?

Methnerd
Methnerd

@TreeEater
You're doing better than most people. Payments are kind of a waste. Should just pay that shit off asap and save from there.

Also don't worry about 'wasting' some money on entertainment. There is more to life than working slavishly so you can die in comfort.

Lord_Tryzalot
Lord_Tryzalot

@Deadlyinx
Is retiring with $1.5 mellon really not enough?
Plenty for most, and much better than the average American. For some, it would be a hardship.

Protip: Not everyone aspires to the same standard of living.

lostmypassword
lostmypassword

@Lord_Tryzalot
married, no kids
combined salary ~$12,700 every two weeks
my contribution to that is about $2,800
FeelsBad.jpg

Spazyfool
Spazyfool

@TreeEater
buying a gym membership
having netflix when you can just stream everything nowadays for free
having a fucking car payment
not living with someone or your parents
having sirius

im okay with the food, tho, since that's the one thing you shouldn't cheap out on. (though, quantity matters a lot)

Sir_Gallonhead
Sir_Gallonhead

@lostmypassword
What the fuck does she do to make 20k a month and why the fuck would you ever feel bad about that

Deadlyinx
Deadlyinx

@Sir_Gallonhead
It starts with a B and ends with lowjobs.

Emberburn
Emberburn

@Sir_Gallonhead
Surgeon
Inb4 you fell for the med school meme

It feels bad because as the man I am making much less. At least I am good at cunnilingus, or she is good at faking

CouchChiller
CouchChiller

@Emberburn
Surgeon
I am going to guess she pays 3k a month in loans?

Fuzzy_Logic
Fuzzy_Logic

sirus
so you're the one keeping them in business, no wonder you're poor

Stupidasole
Stupidasole

budget thread?

while my excel sheet says my goal is 20% for a house, ive reconsidered. after the project my dept is finishing up is over in the next month, im just gonna pay off 3k on my student loan. should only have ~7500 left on it after.

Fried_Sushi
Fried_Sushi

@Stupidasole
$50/mo for booze

How to you live of

Stark_Naked
Stark_Naked

@Fried_Sushi
that's not so bad honestly if you're not drinking swill

Need_TLC
Need_TLC

@PurpleCharger

How do I get an engineering job if I have my degree but I don't actually know anything?

ee btw

Nude_Bikergirl
Nude_Bikergirl

@Stupidasole
pills?

Lunatick
Lunatick

@Fried_Sushi
usually buy 30pack of rolling rock every two weeks, plus i make bootleg wine with whatevr fruits are on sale at the grocery store, plus i occassionally put a bottle under "hobbies".

the hobbies, booze, bar sections are the most volatile. havent gone out much in the past couple months, probably will splurge when im free.

@Nude_Bikergirl
crohn's.

Harmless_Venom
Harmless_Venom

@Stupidasole
@Lunatick
You make 2.5k a month?
What do you do for a living?

Soft_member
Soft_member

@Harmless_Venom
well i net that amount. i suppose i dont have a good way of including overtime or xmas bonus into it, but i just update my savings account number at the end of the month and it adjusts the goal date.

env consulting. right now, phase i esa, some groundwater lsi, some asbestos inspections

PackManBrainlure
PackManBrainlure

@Need_TLC
teach yourself. What ever you can pay thousands of dollars for, you can learn online for free. A degree is just a piece of paper.

SniperGod
SniperGod

@Need_TLC
Start doing hobby projects and keep a portfolio of them. Like a binder of lab reports. When you go for interviews show them your projects.

It demonstrates personal motivation, willingness to learn, and, obviously, experience

WebTool
WebTool

@SniperGod
Self motivation, not personal. Derp

StrangeWizard
StrangeWizard

@eGremlin
I can't use software to make the job easier or to optimize spending.
Not spending is not the same as spending wisely. If you have a spreadsheet, you can tell where you can spend more or spend less. Not everyone thinks living off of instant noodles is the smartest financial move.

Nojokur
Nojokur

@StrangeWizard
And you need a spreadsheet to tell you that spending $20 every night going to Applebee's isn't the best idea?

Raving_Cute
Raving_Cute

@Nojokur
That's right. And even if you were, you still need to decide if cutting it out altogether or going every other night is worth what you get out of your money.

MPmaster
MPmaster

@Stupidasole
link to template file?

Skullbone
Skullbone

@MPmaster
i just made it piece by piece. basically, the newest functions are on the right, the original is on the left.

its kinda fun to make it, at least try first.

i wasnt able to find one that i liked and i didnt want to install a third party program, so fuck it ill make it. still looking for a better function to retrieve stock data though

Evilember
Evilember

I'm 32 with roughly200k right now

I had less than OP when I was 27

A lot can change in 5 years

SniperWish
SniperWish

@Evilember
what are things you did during those five years to make those changes?

LuckyDusty
LuckyDusty

@TreeEater
Everyone has their problems OP. I got scammed by a guy on StockTwits called ProfitTradeRoom, gave him 490 to teach me how to trade, give me hundreds of elite picks, I saw his spreadsheet of wins and thought it would be worth it now I probably will never see it because his swing trades suck ass. Dumbest idea of my life.

King_Martha
King_Martha

@LuckyDusty

i use stocktwits too. too late for you now but don't ever pay for anything other than stock scanning and charting software. you can find guys on stocktwits and twitter who post charts for free. you can follow them without paying a cent.

Need_TLC
Need_TLC

@King_Martha
I use stocktwits mainly for shitposting on the latest memestocks and finding out when the PR movers are supposed to happen.

MPmaster
MPmaster

@SniperWish

Went back to university to get a real degree to replace my first meme degree. Didn't take as long, since I already had so many undergrad classes.

Got a decent job and then started my own side business and pulled in over 100k for 3 years and living on next to nothing

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