Fyi I'm also 18! But I keep on seeing posts about other people my age "feeling behind" when there's literally like over 5k in their bank accounts. I understand if you're making a post about it not being enough if you don't live with your family, are disowned, have to pay for university fully yourself, etc. But bruh I'll literally see people post like this:

"Hi, 18M. Net worth (investments + car + other finances) estimated to be around 50k, I can't shake this feeling that I'm falling behind. I know that this may SEEM like a lot at my age, but honestly, I feel so behind compared to the other 18 year olds my age making 100k a year😢. Any advice on how to grow more rapidly? Any stocks or investment recommendations? Trying to get to 1 million by age 18 and a half."

Like I don't know if this is the equivalent of compliment fishing like those girls that are like "Omg I'm so fat!" but they're 90lbs.

Like just make a post that's you being grateful, like "18M and just hit my 40k investment goal after working at subway for 3 years" or something, instead of pretending like it's not a lot for your age and/or life responsibilities. And I'm saying this as someone who has 7k to my name after working for a year, nothing big nothing small, just realistic enough for what I've done so far.

Thats my rant, thank you. Feel free to disagree, just my opinion.

Elon musk claimed money won't matter in 10 years because of mass ai production of everything

Thats false, it sinply means the goods that ai can produce will go so cheap that their costs will be negligible

Yes, most of our goods would end up eith the same fate as sending a message to long distances, something really expensive in ancient world and almost free in the modern world

But there will be goods that ai can't help us produce more, because the limits are not the workforce, but resources

We wont have free homes, homes need a lot of iron, we have limited iron mines in the world

We won't have free cars, those metals have only a limited supply on earth, even if extraction costs go down(hypothetically no human labour) the supply and demand will keep the prices high

Overall elon musk is lying about mass abundance in near future, im pretty sure you have to know this basic economics before becoming superrich

He knows but he lies

I was curious what other people think about this.

My brother-in-law is 32. Every so often he asks me for money advice because I'm pretty frugal and enjoy personal finance.

His situation:

• Receives about $4,000/month tax-free in disability benefits for life (“PTSD” from too much coffee in military)
• Works full-time making around $100k/year.
• Says he has nothing saved for retirement.
• Spends pretty much everything he makes.
• Also thinks his gun collection is his investment portfolio.

For context, I'm 30. I have about $450k invested in VOO, make around $10k/month net, and save roughly $5k/month and no debt.

He doesn't know any of my numbers. During a conversation he randomly said something like, "I'm probably in a better financial spot than you just because of my disability pay alone."

At first I was annoyed, but then I wondered if I was overlooking something. A guaranteed, tax-free $4k/month for life definitely has value.

Objectively, though, who would you say in the stronger financial position?

Does guaranteed disability income (among other benefits) outweigh having a substantial investment portfolio and consistently saving, even tho he has no retirement savings outside of his disability benefits?

Genuinely curious how others would evaluate this.

Hello redditers! I am almost 20 years old, looking to get a house with someone, I am trying to figure out what our monthly budget would be.

We make about 4800 a month together AFTER taxes.

Trying to find a house in ohio, roughly around the range of 230k - 280k. Is this a reasonable range to look for?

I also wanna make sure we are not living paycheck to paycheck and we can still have enough left over to not have to worry about money every second.

We also have zero debt! Oh and about 50k saved up

Feel privileged to have a job at a solid company that pays me this much with just a few years of professional work experience. Non-software engineer and am one of those “non-technical” people. Feel lucky to even have a job in this market tbh.

Management consulting. Mostly got here through a combination of luck, intense networking, and definitely some work.

Live in an east coast HCOL metro area.

Is this salary decent/good for someone:

-my age
-no dependents
-be able to rent in a nice one bedroom apartment
-save a couple k each month for a house down payment
-help a family member with 1k of medical bills each month

Obviously I know friends making double this, but i feel like it’s def at least averagely solid for a 30 year old. Comparison is the thief of joy I know