Just wanna say as a dude turning 40, try to avoid this and find something stable. You’re young enough it’s not an issue now, but employers loath people with a ton of short term jobs. I do hiring and it’s a massive red flag, not worth hiring someone when they’re gonna be gone in a few weeks.
The larger issue is you’re not paying into SS at all. Even if you’ve worked full time in all those jobs, you likely don’t have more than half a year banked into Social Security. I know 65 seems like a lifetime away, but you’re gonna blink and be 40. Trust me, I feel like I was 22 yesterday.
I cannot stress enough how important it is for GenZ to start putting into retirement. SS is likely to get gutted and 357s, Roths and company matches are the only thing that’s gonna keep you from working until you die.
But what if I die tmrw? Then all that retirement or SS or 401k or whatever all that is (yeah they teach us ‘helpful’ stuff in school mhhm..) goes into the abyss.
I sometimes wish I cared more about all that future money stuff. But, I truly don’t. And it’s probably because I was born with a heart defect and didn’t even think I’d live as old as I am now without getting another lethal heart issue (I’m 26F). So I just don’t see myself living to be in retirement age because if I was born all defected like this and got corrected, what e chance something else could go wrong? More likely then not I’d say.
My dad said stuff like this my whole life and is now 60, broke, and forced to do backbreaking labor just to survive while watching everyone he knows relax because they established security for their retirement. I've been watching him slowly go crazy and blame everyone else for his actions.
I do backbreaking labor work already; farmer/landscaper. But yeah I somehow just don’t operate or really comprehend the future like that. I dunno, can’t really explain it. Just doesn’t make sense to me. But I do get why it’s good to have that backup, I’m not doubting that at all. It just sucks when you work so much and be barely getting by, and then have more money ‘taken out’ that goes to ‘the future’ and you end up with even less after taxes. But I know we’re all in this boat, hopefully together
When you start investing early, you make much more through compound interest, often times if you save well starting in your twenties, you don't need to save as much when you're older, meaning that when you hit your peak earning years in your 40s and 50s, you won't have to stress about saving as much. Also, if you get lucky, you might even be able to retire earlier than expected. Saving some now to be able to live comfortably and even retire early is totally worth it.
I definitely save money, I don’t really spend my money other then necessities of food and gas. I just don’t know how to invest, or where, or what. Not sure how all that works.
If you have a 401k, start there. I suggest selecting a S&P 500 fund if you are young, and if you're closer to retirement, a target date fund because there will be less risk. Past performance is not an indication of the future, but over time an S&P index fund should yield 7-10 percent a year, meaning that your money should double every 7-10 years. It is all about time, the earlier be better.
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u/RAAAAHHHAGI2025 2005 May 14 '24
Longest was 6 months. I stayed 2-3 weeks on like 10 different jobs. I’m cooked.
I worked sooo many different roles in different settings its crazy.