How fucked up one is if he doesnt have any savings nor investments at 26 y/o? no debt, just helping parents out 25% of salary goes to rent
You might end up dead.
I didn’t either. Put my husband through school. Double down as soon as you can. Take a deep breath. Many people on here are in the SWE, and work at the largest tech companies in the world, in very expensive places to live. Remind yourself this isn’t the average person. In the near future, go to the Max in your 401k (usually 10%) - that’s a good starting point. Do an automatic $50 a week into savings - start small and move it higher when you can. It will come! 😀
This is not the first time I am seeing a post like this one. You all are forgetting that there are people who come to this country in their late 40s and 50s, some not even fully speaking the language. And some of them still manage to save decent money, live comfortably and some even end up really rich. 26 is nothing. Most ppl at 26 are still in school. This is not even an issue, you’re fine.
Chill. You'll be fine. Not having any debt is underrated.
This comment is underrated!
The best time to plant a tree was 20 years ago. The second best time is now. You are fine. Just start today and make it a priority.
Ded
You are fine. I was still in school when I was 26. 2-3years of decent pay and investment should put you in a much better position.
Started at 30 I'm now 36, may be late but still in the game, it's never too late to start saving remember the word "surplus"
Starting now. I am 32. May I ask what %age of salary is good amount to save for folks in their 30s and just starting to save?
I'd say understanding surplus per month is important, it's a percentage on top of surplus which is key Savings are not supposed to burden but provide security It's okay to start at a lower number as low as 60$ but consistency is the key Remember the power of compounding and hang in there for long term If you do not rely have a financial goal then a subjective goal could be "wealth accumulation" As you grow you can include goals like travel, child's education, house etc or plan a new one from existing wealth accumulation which is already in place with 60$ ( for example ) Really it's up to individual to increase the saving amount per month I, for instance, reached a stage in there six yeas of saving where I've considered for now not to increase my monthly saving rate every year and if I grow financially with a salary increase that means my surplus is now growing and the % saving is reducing
This is a non issue, tbh. I started saving at 30, due to various issues. You will be fine. Make sure you save how much ever you can consciously, and then up it
some people dont start saving until their 40s and 50s. Youre behind relative to the hardos on this app but not relative to the general population. Start saving now, youre fine
“The hairdos on this app” Buying you a virtual beer.
🍻