I’m a 30 year old uni grad with 0 savings. Need advice

5d 350 Comments

I went to university three times.

1. I got a B.A in Arts first. Realized that it is not going to pay off. Decided to change my life around after that and switch to tech.

2. So at 23, I went back to uni and I got a BSc in Computer Science.

3. Was done at 27, and then started a MSc in computer science as well. While getting my degrees, I was working part time to support myself, because my parents couldn’t help out (and even if they could have, I wouldn’t have asked them, since it is my fault for not going into tech sooner).

Today: I am now 30 and am about to graduate. Not having savings is scary and sucks but I absolutely love being in tech and I know that my job prospects are great. Plus I am in a field that I truly enjoy.

I don’t regret my decisions. Life is not linear for everyone. But I am financially behind everyone else who graduated at a more usual age. I will probably play catch up my whole life. Sometimes it’s hard not to compare or not to get scared about my future.

I would love to receive some advice on how I should best maximize savings moving forward now. Some good strategies? Later using savings to create passive income? Investing? Maybe someone has been in a similar situation? Please share your thoughts and also: Please be kind, thanks!

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TOP 350 Comments
  • Palo Alto Networks whyme’
    It’s not all about money all the time. People who are bagging millions, won’t even use half of it on themselves. Atleast you invested what you have on yourself and you are happy with that. That’s all matter. Money is just a piece of paper, you will earn for doing something. May be who knows you might get millionaire over night one day. But trust me on your death bed you won’t worry about not earning more / less money than someone else.
    5d 3
    • Thank you for this! I agree with you mostly. I guess I am just scared of when I retire. But there is enough time to save.
      5d
    • New / Property Dev Malta7
      OP you have more than enough time to set yourself up for a solid retirement. FIRE by 40? Very unlikely. Have a super comfortable retirement by 55? Definitely doable.

      Things get skewed in this echo chamber with needing $50MM to retire. You'll be fine, you won't starve as long as your need for a Ferrari doesn't outweigh your need for food.
      5d
    • Oracle / Eng Rasberry
      I think this advice is relevant for people who have money and still insecure about it. I’ve seen this advice on too many blind posts. It’s only telling OP that you don’t have a problem and do nothing about it. While clearly there is a problem, at least according to OP. He clearly needs advice on a plan of action.

      I am in a similar situation. Graduated from an expensive masters program and got married with a salary that was not paying enough. On top of my student loans, I started accruing credit card debt (around $50k) and started to panic.

      What I did:
      Cut down on luxury and started preparing for interviews and got a highly paying job which I’m joining soon. I can now save over $80k in just one year.

      My advice:
      Grind leet code for a few months, prepare well. Get a job that pays well. Since you’re just starting change another job in next 3 years and settle down there. By end of 3-4 years you’ll have enough money.

      It’s a process, you’ll get there, just like me and others who were in the same boat few years back and now in a much better situation
      5d
  • Uber nGJb46
    You arent behind
    5d 4
    • Sometimes it’s hard not to compare yourself to others who graduated at 24 and have been making min. 200k for the last couple years
      5d
    • Uber nGJb46
      Some of my friends went back to school in their 30s after realizing what they really wanted. Some dont even realize what they want to do til they die.

      I’d say you’re ahead of others for realizing what you want before 30.
      5d
    • Facebook FbPz77
      No worry. I came from third world country. At 30 I still had nothing. I graduated in computer science from my home country, worked in high paying job tech companies in my home country too but the pay was peanut comparing to now, I'm not in US.

      I always save and help my parents pay their debt raising us.

      I'm 32 now, married with kid. Almost no saving.

      Don't compare to them, compare to me.

      P/S: I have one advantage that I had student loan but it was 2500 USD only. Things were really cheap in my country.
      5d
    • Salesforce JdeF47
      Are you in FB London ?
      5d
  • Sony yKuQ20
    I finished my PhD at 33 at which point I was in debt heavily ( doing ok now though 7 tears later). My wife got colon cancer when she was doing her undergrad and had to drop out. She spent the next 7 years in and out of hospitals. Then she got married to now her ex husband and they started a business together. After 10 years they got a nasty divorce and she walked away with nothing and she was sleeping in her car and was homeless for a while. She then went back to school while working full time and she is now almost done her degree at the age of 47. Of course no savings and heavily in debt. The people on Blind are outliers with their huge salary and savings. As you said, we all have our own journey ! And in the end we are all dust and all this money won’t do a thing to change that. Just make sure you enjoy your life and the rest isn’t as important as it seems !
    5d 2
    • LeanTaaS Qwertyty
      Priceless ❤️!!!!!

      Made my day!!
      5d
    • Microsoft DrLowde's
      Thanks for sharing!
      5d
  • Amazon sOpqnz91
    All I have to say is just don’t get fucking married. If you do, make DAMN sure she/he is the right one. I ignored red flags because of chalking it up to “peculiarities.” Now I am in this existential hellscape of juggling finances from this impulsive spoiled btch, putting up a veneer of stability in front of kids, and cleaning up after this fucking pig. All because I like the way it feels when I put my dick in her

    DON’T DO IT

    edit: started at 31 with a BS in a computer science, married long time GF a year later
    5d 18
    • +1 NEVER ever get married. I highly suggest living with your partner, just don't marry them legally. It simplifies things when you eventually break up, and safeguards what little assets you have.

      Buy her nice things and even splurge for an engagement ring too so she can tell people she had a husband. Just don't legally marry her or sign paperwork; no one needs to know. If she pressures you then she is not the one.
      5d
    • Goldman Sachs 🤙🏻MrYang
      What about a prenup? That should safeguard, no?
      5d
    • Google yobloop
      Well, you may want to worry about common law marriage too, but yeah.

      Mr Yang: you’re right, doesn’t seem very reasonable to me.
      5d
    • Google is right, make sure you dont live in a common law state. I believe there are 15 or so that are. Texas is one, Cali is not.

      Prenups are getting harder and harder to enforce. There are a lot of legal loopholes that lawyers are taking these days to nullify them.

      Watch the documentary "Divorce Corp". It will change your life forever.
      5d
    • Goldman Sachs 🤙🏻MrYang
      Man... Ok, thanks for the suggestions
      5d
  • Flagged by the community.

    • PayPal eBVD00
      Easy there. He’s only 30 and still has plenty of time. Also, he’s asking for help. No need for this kind of comment.
      5d
    • IDT - Integrated Device Technolo kVVk53
      Do you have Asperger's?
      5d
  • New irox83
    For married/partnered people regarding savings.

    My husband and I are in tech fields. We have 3 kids and we made a decision very early on that has changed the direction of our whole life.

    Live on one income.

    Early in our careers one of us made what our combined peers were making and we felt odd always having resources they didn’t, so we started using the second income differently.

    We have the house of one income.
    We have 40-50k in savings.
    Paid off newer cars.
    And our house will be paid off next summer.
    We will be able to pay for our kids college so they will graduate debt free, and can start their adult lives like we did.

    We lived with one income for so long we have never risked a job loss, an illness or extended maternity leave.

    Note, we did not come from money. I grew up in a trailer park and was the first to go to college. He is the child of two teachers.

    That’s the best advise I can give anyone.

    We are in our early 40s, are not wealthy but we live with zero money stress and and it the most freeing thing ever.
    5d 3
    • Oracle seg fault
      Do you also have a huge nest egg in investments somewhere? @40 on one income that should be where most engineers are easily.
      4d
    • You’ve posted some amazing results. could you also elaborate on how you ended up growing the overall assets other than just savings? Eg what kind of income/growth investments.. Also, are you in silicon valley?
      4d
    • SAP olva73
      Dual income tech living on single income. You are wealthy and don’t realize it.

      Rich starts at $165k/year; net-worth including retirement accounts and primary dwelling $500k.

      Commendable and great advice to live by nonetheless!
      3d
  • Google al6oo6
    I don't understand why you are worried. I got my MSc at 26 and then immigrated to Canada. 5 years later graduated from PhD with no money or industry experience. So I started my career at 31 after immigrating for the second time to US. I have no family, no friends, no support system, and on top of that 1 year after moving to US, I was sued for $200,000 for an accident that my roommate caused and I got blamed for due to legal loophole of co-signing the lease.

    Now I'm 38, a millionaire, with my own house in SF. Yes, I may be behind the typical guy starting their career at 22 as my PhD really didn't help my comp. But I have everything I need so why does it matter when I started and who I compare myself with?
    5d 10
    • Amazon ehws
      Story of getting sued? 200k is massive
      5d
    • New / Product
      Microsoft.

      New Product

      PRE
      Uber
      Microsoft.more
      How did you become a millionaire all of sudden within a few years?
      5d
    • ConsenSys / Eng dackjorsey
      You give us all hope~
      5d
    • Capital One ihcos
      You give me so much hope
      5d
    • Google al6oo6
      1. Story of getting sued can identify me so sorry. Just my advice is that if you co-sign a lease get your own renter's insurance. I didn't know about this being a newcomer in US.

      2. As for how I became a millionaire: first of all, it took 7 years so it's not all of a sudden. Well my first year savings went towards lawyer fees so 6 years in practice. And as how: it's not a crazy approach. I just saved all my stocks and lived off of my salary only. I did and still do risk a lot on my investments betting on a couple of stocks rather than index funds and that's where luck came in. Fortunately, I haven't lost any big chunks so far and I bet on MSFT and APPL which paid off handsomely so far. I also invested in buying a house which in SF doubled my down payment in a couple of years. I was lucky here too for getting a low interest rate at the time. Also maxed 401k, HSA, and ESPP getting all the match money from the company. That's about it. Oh and as I said each time I job hopped I bumped my salary a lot like from 135k to 210k once and from 300k to 370k another time (ok I just realized this one was 23% not 30%)
      5d
  • Intel Jqpe13
    The only way you'll be able to make a comeback is with a great support team. Otherwise you're so behind in life
    5d 5
    • Samsung hoiN00
      Avoid people like this...
      5d
    • Daimler / Eng Ha@@@
      Avoid people like intel like a plague..
      4d
    • United Technologies / Data AjayGhale
      Yoooo 🖕this dude
      4d
    • Ignore this. Sometimes, life happens. You’ve already had the courage and foresight to switch careers. If you can do that, you can most certainly play catch-up with savings.
      4d
    • United Technologies / Data AjayGhale
      ^ 👍👍👍👍
      3d
  • Daimler XMws16
    Please buy a sofa and bed. It’s not that bad. That beemer can wait. Live in an older place with fewer amenities. Most of all, get a roommate and don’t knock anyone up yet
    5d 2
    • New / Sales
      MM1986

      New Sales

      PRE
      Ecolab
      BIO
      Just a sales guy
      MM1986more
      Perfect, blunt advice. Especially the last part. My 8 month old is EXPENSIVE.
      5d
    • Northrop Grumman / Eng sekiro12
      Don't even need a sofa at first :p
      4d
  • Intel bswan
    No worries. I didn't start until 30 either. Just need to save, live under your mean and invest. You will see your net worth grows very quickly.
    5d 2
    • Thank you for sharing. Fingers crossed!
      5d
    • Microsoft / Eng FoShoMago
      I graduated at 24 and proceeded to work in the nonprofit sector until I was 30. I didn’t save a penny during that time. I’m doing fine now, OP you are going to be alright.
      5d

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