This Is the Problem With Your Generation
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- Äas pĆidĂĄn 30. 06. 2024
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You have a house with a low mortgage balance, no other debt, don't worry you're winning.
Now just increase you measly income to be able to afford cash some real vacations. You'll learn quickly the Bahamas sucks
â@@dbdb4962 right? How's she earning only 60K? A tradesman without a degree and debt is earning more!
Sure Dave.
@@dbdb4962 There are a lot of other places to have fun, that cost less and you probably have more fun at.
She already won
This caller reminded me WHY I deleted all forms of social media, besides YT. People in general need to stop trying to impress others. This need for validation needs to stop
I did the same over 5 years ago! Best.decision.ever!
Why don't you also delete CZcams
â@@CoolcalmCollected-du5tc but for a lot of us, it's no problem. This is a clickbait title in a way... The keeping up with the Joneses thing has been going on long before social media.
I just started this a 2 days ago
Agreed. Especially validation from people on the internet that theyâll never meet.
Comparison is the thief of joy. - Theodore Roosevelt
Truth!
Excellent quote and post - he was probably one of the wisest presidents ever.
The Bible said it first đ
@@collin9085 If you don't worship things, it doesn't matter what your neighbor has.
@@anthonyisidro9649 Actually, the Bible talks about envy. That quote is Theo's, yet, the premise is the same. đâïžđ
Social media has ruined the reality and perception for the younger generations.
Correct!! Unfortunately.
I completely agree with you.
Itâs literally meant to distract.
And drugs ruined the hippie generation
The younger generations? Have you seen the internet? It is absolutely not exclusive to a a generation or age. Thatâs beyond ignorant. Older generations have a terrible time navigating the internet and deciphering whatâs real or not, and suffer from literally any criticism youâd have of a younger generation. Youâre just regurgitating narratives, you clearly have little experience with people đ
Her opening line was âhow can they afford thatâ referring to nice cars and vacations. The answer is they canât đ thereâs just a million different ways to be in debt nowadays
Some can if they plan their vacation responsibly.. Meaning they have the money in their account and they are not going to get into debt for that. My family doesn't go on lavish vacations.. We go on vacations that we can afford. Our vacation (a cruise) is coming up and we booked everything with money that we actually have.. Everything else that we will purchase will be with money that we actually have.. This is how it should be and not going into debt.
Some can, I have a friend who makes 300k a year and she can easily travel 2 or 3 times a year without debt. Even so your point that most can't is valid.
@@IrisP989 That is quite true. Another thing with social media is you see so much of everyone's special things, you do not see that it is the only special thing they have, but you see so many with their own it gets confused with thinking everyone else has all that all the time.
Myself if I was not able to afford going away on vacation I would end with a "staycation" with just getting the break from work (some places I worked had mandatory leave at least once a year and no cash out option)
@@BabaBlueJay One friend out of how many people? That one friend is an outlier.
@@jeraldbottcher1588 A person that I know took money out of his 401K (not sure though if it was for vacation in addition to the nice expensive things that he purchased). I told my husband about these nice things and the 401K thing and he said that this guy might have to work into his 80's with that spending but we would not have to do that and it is true that it is not worth it..
This is whatâs wrong with social media. This girl is clearly winning the game of life but SM has her thinking sheâs missing out. And to all the Millennials/gen Z who say theyâll never own anything, clearly it can be done and you donât have to make hundreds of thousands of dollars to do!
That millennial/Z self-flagellating cop out mentality does my gen X head in. I'm the first to say that there are winners and losers in life. I'm also the first to say that I had it way easier than my son's generation has it, and my parents had it far easier than me. I'm also the first to say that it doesn't matter how hard you're doing it, there's a lot of people far worse off than you. You play the cards that you're dealt as best as you can.
â@@davidbrayshaw3529make no mistake, there's plenty of Gen X, which I am as well, who are not doing great. This stereotype by generations is kind of silly.
It can be done for sure but itâs also true that itâs now way harder to own a house in the US vs any other time in the past several decades. Entire groups of the population have been priced out and they wouldnât even meet the income requirements even if they somehow scraped up enough for the down payment
Gen Z and Millennials are in very different brackets now after the covid housing spike. Many people in the Millennial generation bought a starter home before covid and their houses doubled (At least in the area I am in). Most Gen Z did not get the chance to buy a house at that rate and now have to look for something thats much more work for a much higher cost. Being locked in at a lower rate on a cheaper house makes a huge financial difference.
Houses are 500,000 dollars and Millennials are making 50,000 a year.
To say that Millennials don't have financial set backs is just false. I don't know why there's this collective effort to deny reality.
I was one of those people that didn't care about a credit score, didn't get enough education about how important your credit score is, how it works, and I racked up debt like an idiot. I worked really hard, educated myself and needed a CFA, Abby Joseph Cohen's guidance with lnvestments before I was able to bring my credit score from 480 to 732 and I'm still going up. Yet I can't help to think that the lack of proper financial education in public education system was partly the cause of my misfortunes in the first place
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here
I know this FA, Abby Joseph Cohen Services but only by her reputation of being a former employee at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
â@@NaomiVardyy
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Same here, I got to know about Abby Joseph Cohen Services from Dave in 2020. Since then I've paid off 160,000 USD of debt. Now I'm working on building an emergency fund. I didn't even have a savings account three years ago.
â@@MeckesGladden
Thank you for this tip. I just looked the name up, wrote to her through her webpage and booked a session..
At 33, she's doing awesome at life!
No kids , no husband , no family. Not really doing that great for a lady at 33. Materialism aside.
@@BeastorFailItâs a tad hard for wise young women to find mature young men. They still play video games, etcâŠ
@@singerjo5791 okay letâs grant that a young man plays video games.. are young men not allowed to have hobbies in order to be mature? đ
Back in the 1990's, I worked overseas
the young women,18-23, Lethal Entry Techs,
Cleared $200-225K/yr, all expenses paid.
One of the women was paying $10600/mo on a house, Stateside.
0% interest 24-month term.
Extreme Hardship, Crying Hard
Air locks, nude exits, being told what to do, and how to do it.
@@BeastorFail My point is that to say something is wrong with an unmarried, 33 year old woman has something wrong with her and that is why she is unmarried. The pickings for someone of her caliber are slim.
In a few years people will be saying, how in the hell does she have a paid off house and no student loan debt!
âMust be nice!â And âyouâre lucky!â As if the paid for house just fell out of the sky and landed in her lap.
âShe was pRiViLeDgeD. She must have gotten money from her dad. Society gave her preferential treatment. She wasnât a first-world victim like I was, wahhhh.â
"That's not fair!!! You paid off your house, have no debt, and have $30,000 left over due to your good decisions! What about ME?!! GOVERNMENT!!! MAKE HER GIVE ME SOME OF HER MONEY!!!!!"
i live in california and am wondering how the hell she got a house with only 60k LOL.
â@@phgamer4393she's in Utah
Millennial here - Iâll never forget finding out my friend that I was jealous of was in a ton of credit card debt. She had every extravagance you could think of: fancy car, fancy apartment, fancy gadgets, went on fancy trips. One day she causally âjokedâ about how she was tens of thousands of dollars in debt but it was fine cause it doesnât really matter.
I was jaw dropped.
I mean it isn't because you can just bankrupt all of it. Assuming its done on a credit card. And you can take out a loan of 20 to 30k and go ball then declare chapter 7 bankruptcy with your llc account so it never affects your personal credit score and everything returns to normal. I've done this once. Always cheat the system.
Of course it don't if she is attractive some smuck will bail her out! Lol
@@rrrealqueen doesnât bankruptcy show up on background checks and prevent you from getting good mortgage rates?
@@rrrealqueen So, in other words, you have learned how to legally steal. Yes, It is stealing, no matter what you want to call it. You buy/take stuff with no intention of paying it back.
â@@Britt4880The bigger concern is not whether you can get a mortgage after bankruptcy.
The HUGE issue here is THEFT
To the lady who called, "You are doing GREAT. Perhaps, you feel a bit tired from being a responsible adult. The others who are posting all their vacations, expensive cars, lots of purses are FOOLS. Unless they are making more 150k and their rent/mortgage is a small is less $ 1200.00 a month, they are living a lie and no other debt. Trust me, I see it with my family. I have a niece going thru a divorce. She is having a hard time coming up with attorney fees, YET she went ahead bought herself a brand new CAR when she left her husband. Her previous car was under her husband's name, and I told her to buy a used car that she can pay off in a year, something like 6 k. Nope, now she can't sleep at night. I can't help her, she does not wanna make changes. Stay strong, girl.
Surprised the husband doesn't have to pay HER divorce attorney, that's usually how it goes.
â@@godfathaofyowhy would the husband who she is in court divorcing have to automatically be paying for her fees? Depending on where you are and the kinda district court you are in. It is going to play out differently.
@@MijoShrek Typical divorce laws stipulate the spouse who is more "monied" be the one responsible for court fees/lawyers, as a way to ensure equal representation. Historically is has been the husband because "typically" they are the "bread winner" especially in marriages where the wife has been a stay at home wife/mother who has given up her outside career to take on the brunt of the home responsibilities. Even with all the advancements of women in the work force, many of the divorce laws have not been updated to reflect current cultural norms.
Dave: donât declare bankruptcy
Also Dave: let me declare bankruptcy
SMH what a clown đ€Ą
I quit FB about a year and a half ago. Never did TikTok or Instagram. No more comparing myself to those folks since I don't see or watch that nonsense. You're doing a great job, caller! Keep on killing it! đ
It's very true. It's proven that many of the videos on social media are rented out cars/houses designed to be used for social media as its only purpose. They are lying about their lives to try and make money of it by getting interest and its ruining many peoples mindset about whats realistic.
Credit=drama
Cash=peace
debt = $0
Exactly. My wife and I have been on a cash only basis for the last decade. This causes us scrutinize our purchases because the money is immediately spent from our checking account. Itâs allowed us to build wealth and we will retire with dignity. We donât compare ourselves to others.
@@aeromedical6776 Respect đ«Ą
If you have the cash there is no reason not to utilize credit...
âWe buy things we don't need with money we donât have to impress people we donât like.â - Dave Ramsey đŻđđŒ
This is a great quote but itâs much older than Dave
@@user-aFcbGeorge Carlin?
Never paid attention to social media people bragging. I just do me. I know what I have and Iâm happy with that.
I have 0 social media and Iâm quite happy not having it. Waste of time. I like you tube though. đ
Social media makes me want to buy dumb things I donât need. I had to delete Instagram off my phone. I learned my weaknesses and acted accordingly. Itâs called being an adult.
CZcams comments are a form of social media though, and here you are
I'm happy was just a warm shower in the morning and some food when I'm hungry. My wife on the other hand wants a never ending lottery win and a mansion.
She is not married and has all of that. She is in a good spot at least she can be glad not to have student loans making 60k.
Agreed. I keep thinking if I hadnât married, Iâd owe less than $100K left on my mortgage at my old house. I never would have moved to my current house and Iâd be better off.
Social media has turned some grown adults into middle schoolers. Such adults are looking for thumbs up and applause from their "friends" based on what they possess and what they have accomplished. They avoid posting depressing or shameful news about them for fear of being judged or because they struggle to admit they need help. I'm spouseless and childless, and I don't have a ton of friends, but I don't feel empty nor unfulfilled when I see vacation photos on Facebook, nor job promotions, nor engagement announcements, nor pictures of brand new houses or additions to families. Counting my blessings each day is very important to my mental and emotional health.
I should post when I pay my car insurance bill and see if I get any likes đ
@@uscitizen1035 đ€Łđđ€Ł
@@uscitizen1035 That's the ONE thing I point out to people wanting to get a new(er) car. As long as there is a loan on said vehicle, there is mandatory car insurance to protect the loan company's investment. In my case the first, last and only NEW car I bought (on payments) the car insurance was the same amount as the car payment! Didn't factor that in at all. So it was beans and rice, rice and beans until I could get it paid off as quickly as I could. NEVER AGAIN!
iâm 24 YO & I hate how social media destroying lives. new generation a living dead.
Lol same reason why I deleted Instagram, snapchat and tiktok. Everyone always post the vacations. I stay away and like to live.
My Dad told me when I was a kid, "There's always someone with more" , i.e. not in the vein of don't try, but the angle of don't compare too much. It's pointless.
yep, there ix always someone better, richer, smarter, more accomplished etc than you are. grow up and be happy with what you have
@@jeraldbottcher1588 And , at the same time, there's always someone who is less capable, not as smart and less accomplished and less wealthy that you are. As one saying goes, "I was unhappy because I had no shoes, until I saw someone who had no feet."
"Social media" is often just antisocial media. I rarely watch or listen to anything on 99% of those platforms. This young woman has her priorities and her head on straight! I hope the friends she chooses have a similar perspective! â€
Love how Dave says "This is a problem with your generation"... followed by "Keeping Up With The Joneses" which was first said over 100 years ago.
Yes we didnât do it this young. We started we just an ok house Alias the starter home. No vacations. Not really eating out. This is completely different. On steroids.
Youre not getting it. The Joneses used to be your neighbors, maybe some family or some friends. Now it's everyone youre connected to on a social media site.
@@Tigersfan829 Human nature hasn't changed. It's not a generational thing.
@@OmitsBagels Just like politics I'm not going to change your opinion even though things can be pointed out that are factually different than in years past.
When you look at your peers and have to wonder, "how can they afford that?", most of the time they can't.
You are a big winner!! Don't let anyone else tell you otherwise.
Agree you are winning. Most of the people you are talking about that look like there doing so good are 1 or 2 paychecks away from loosing things.
Another thing not a lot of people point out is I didnât realize how many grown adults still receive help from their families. Iâm not just talking about watching the kids Iâm talking about grown adults being given money by their parents to afford a down payment on a home or being bought cars, etc. I went to a rich kid university even though I grew up in poverty ( had a lot of scholarships) but it was eye opening seeing the upbringing differences. One of my friends from college just got married and his mom and dad gave him $30k as their wedding gift, was mind blowing to me
*losing
Haha I read Next Door Millionaire 10 years ago and it completely changed my perception of individuals who like to show off their trips and flashy things. The reality is, most of them are broke.
Loved The Millionaire Next Door. Stop Acting Rich is a great book as well. Iâve read it twice.
Iâm almost done with it!
@@ChillClay It's a fantastic book. Dave stole the concept 100% for his silly data story of interviews with millionaires.
@@JustinCase780 If you're talking about who I think you are, Ramsey Solutions paid for that information while the author was working for said company.
Johns ending comment was really important. If you have real friends in real life, you donât care about the fake stuff online. And you build yourself a community of support.
Lady Iâm 33 as well. Trust me, not many other people our age are âaffordingâ anything youâre seeing. Itâs called everyone has gone insane and lost their marbles with borrowing money from a bank or putting everything on credit cards. The fact you have no debt except your mortgage is how itâs supposed to be đ.
I fully agree with our age group in a lot of debt like you said, and also I see parents who still pay for their children who are our age. And I mean pay- cars, houses, vacations, etc. (This should not be the norm.)
@@LauraShell đŻ
@@LauraShell âââ ainât nothing wrong with that. Iâm a millennial, my grandparents are paying for my vacation along with my wife and kids. What is money if you have no one to share it with? Frankly, sheâs 33 and is unmarried, her fertility is falling in half year over year for the past 3 years. She could have all the riches, and retire early; but who will she share it with? She might be rich, but sheâs very poor.
Millennials, men and women alike have been told 30 is the new 20, go to school, climb the career ladder, feminism, etc. but I think many women are finding themselves thinking this is what they want without realizing thatâs the voice of present day culture.
Maybe you donât want a family/ kids, thatâs fine. But if youâre a woman in your 30âs who ascertains to have it all. I have bad news for you, because biology doesnât care about your ambitions.
And for me, my goal is to buy all of my kids their own house. Why wouldnât I want to pass down my own wealth with those whom I love? Why shouldnât it be the norm? I think you thinking itâs wrong shows exactly what society and social media has done to skew your beliefs.
@@leprechaun3677 I understand where you are coming from, and I think you missed my point. A lot of our generation feels entitled to other people's wealth, and do not know the value of a dollar.
I think we also see things from different viewpoints. I can tell you have made assumptions about me that are not true. I do not believe in the woke feminist movement that is going on today. I left corporate for family, as that is more important to me. I made sure to set myself up to hopefully not fail with what I had made and to be of extra help to the family, as I, like you, want the generational wealth. I will pass it along to my kids when I pass on though. I want to make sure they know the value of a dollar too, and don't just blow it like some children of wealthy families do from time to time. (I have personally seen it happen). Hope that makes sense where I am coming from now
Youâre not going to scare a career woman who is winning at life to settle for a loser just to have a baby. Weâre out here freezing our eggs and waiting for the right man and the right moment. Itâs 2024 - get with the times, the science and technology has been here for 40 years and nobody has to have kids in their 20s if they donât want to.
She's debt free (except her mortgage), paid cash for a Master's degree, yet doesn't think she's winning at life. đ€ŠđŸââïž
Stop worrying about and looking at what other people are doing and be proud of yourself.
You're doing great ! You'll be retired before 55 with $2 million + if you keep on track.
Exactly. You have no debt and have your own property. I donât even have my own room đ«
@@Scotto97yep, she is me 24 years ago. I retired at 54 with my military pension and military 401k. She is doing awesome.
â@@DJohnson-od6ojAmen to the taxpayers!
I like it when taxpayers pay for others.
@@kbanghart Are you saying taxpayers shouldnât pay for military salary and military retirement? Why else would anyone volunteer to serve?
I have zero military connections but itâs basic facts. You want to send people to war, you either force them or you pay them.
Had a friend that I was envious of (not jealousy mind you.) Always seemed to be traveling EVERYWHERE. And she's a good 15 years younger than I am - I'm 57. She had perfect kids. Perfect marriage (second marriage) and this seemed to be PERFECT. Always getting a new car, traveling, vacationing. Now, she's divorced. And already remarried to hubby three. I had NO IDEA things were falling apart. DO NOT BELIEVE what you see on social media. EVER.
This girl is my hero! So smart. Donât follow the crowd. Theyâre like really dumb sheep with a herd mentality. Be proud of yourself. Youâre awesome đđđ
I noticed people are never happy no matter what they have or do. They lack fullfillment in so many other aspects of their life.
Lack of a family leads to lack of maturity. Her grandmother had 7 kids by her age. She donât need a fancy car she had a family.
@@joesmith3590If this was a man would you say the same thing?
@@karenmassey8354probably not
@@joesmith3590the grandmother did not have a choice. Having kids/family is a blessing but I heard a lot of horror stories. I just read about this 10 year old girl who was married to a 32/34 year old man.
I think there is such an overemphasis on happiness in our culture. Not too long ago or not that far away, life was about survival; who has time for happiness?
A good saying i heard recently is "If you're not happy WITHOUT it, you won't be happy WITH it."
Got off FB seven years ago. It was one of the best decisions for personal contentment. Another friend I knew said that we were the only couple she knew with no debt. Why are we debt free? Frugal living. We won't gamble our future on fancy cars and homes that will cause us anxiety when we retire.
đŻ
I couldnt help but relate to this one a lot. 28, no debt, no mortgage, masters degree⊠have more money in savings than I make in a year. Yet feel âbehindâ because I dont have a house, a car less than 12 years old, or a spouse and kids like some friends of mine. Learning to be grateful for what I got and where Im at. Just finished reading Building a Non-Anxious life.
This girl was not earnestly asking this question. She was just looking for the validation she got. Which is fine, I just wish she had said âcan you please just remind me that Iâm doing great?â
No way sheâs been making all these financially-wise choices, to be where sheâs at in life, and doesnât know sheâs doing it right.
Nothing wrong with getting a little bit of validation especially when you see all of these other messages out there
I think you underestimate the power that keeping up with the Joneses has on people. You have to have really thick skin to ignore all that nonsense.
@@francestaylor9156 Oh I fully understand the keeping up with the Jones's and envy. When you see someone that has more than you or has what you would like t have the power of envy can be powerful. That is as old as time (Thou shalt not covet and all that).
I do agree that social media makes it even harder because of all those people who are showing off what new toy or new possession they get. All the while they are probably hitting the food shelves because they spent all that money on those toys or are so deep into credit debt they are drowning.
I have felt envy of others myself. I guess I am a lucky one. I was able to shove that out of my mind. I grew up dirt poor and my parents were always in debt. I refuse to go into debt for anything besides a house. It was not easy!
Iâm in a similar position as her and I need to remind myself this every now and then.
@@francestaylor9156 I think so. I deliberately avoid social media that makes me feel that way! I think I forget how inundated some people are
I was reading that people who are on social media a lot tend to be more depressed and angrier. Just stay off especially if it makes you feel bad.
This is called WINNING at life. Way to go!
That last bit of advice about addressing her loneliness..spot on!
You're right that social media exaggerates is + the highlight reel idea. Many years ago, a work colleague was talking about spending 2 weeks in Hawaii. I remarked that it sounded like a dream vacation and she said it was. She and her husband had been taking vacations at home for 3 years to save for this trip. That gave me perspective!
Dave made a really good point about traveling abroad. I booked a trip to Costa Rica, I found nothing but beautiful pictures. Brother let me tell you I had a rude awakening. They NEVER show you the bad stuff and I promise that sometimes makes a stronger impression than the pretty stuff.
When you drive down the streets of Addis Ababa, Ethiopia you can't come home and feel poor.
2:25 LOL no holding back Dave đđâcan you imagine taking at 4 years old Rachel Cruze to the park and expecting her to behave? Not a chance! đâ
Thank you for being so kind to her and telling the truth.
Don't compare your insides to everyone else's outsides. Do things to impress yourself, not others.
Others are in debt up to their eyeballs.
@heavyd777 thank you I needed youâre advice and Iâm 29 years old
My parents are one of those people driving the fancy cars and going on the frequent vacations to interesting places. They are approaching their late 50s. You don't want to know what they have in their retirement accounts..... It would make you sick to your stomach. It makes me sick with nerves. They aren't going to retire because they are already living their retirement.
My friends are always getting new cars.....I always try to guess how far upside down they were on previous car and then try and guess their payment and interest rate. Just burning that money
Delony says the key things, I knew it was the generation then he beat me to it about having to find the right kind of people/friends. I approve this message.
I don't even do social media but I get really impatient with myself and my own goals.
You are doing amazing. You are doing it right. All those people on social media are lying full of crap and broke ass. You are way ahead of most of the people bragging on social media.
Iâm 35 and live in Salt Lake where the caller does. I have friends who have diesel trucks, rvs, big homes, etc. They have it all on payments
I had this exact experience as a young person in 2004. Everyone around me was spending money and I couldn't figure out how they were so rich compared to me. I was nearly debt free and completely broke. People my age had new cars and bought houses I could never afford on good conscience.
After 2006-2007 I knew the answer. They were spending money they didn't have. Some of them were borrowing against equity in homes, some were borrowing money they could never pay back, some were inheriting money from family, etc. The truth was, a majority of everyone around me was broke and didn't know it yet.
When the layoffs came, all of those people lost their houses and cars. The few that stayed employed struggled through some very tight financial situations.
social media has been linked with so much depression, anxiety, and just negative attributes. people who brag on their just cover up their stress
I'm no expert, but it sure seems as though those platforms are addictive (as in needing an intervention...)
Comparison is the thief of joy
Why do people even think that social media represents any sort of reality?
Way to go!!! Great place to be 33 and single. I was silently cheering you on!
No kids and husband. Future cat and dog mom.
@@djpuplex I wouldn't mind play with her cat. All night long.
Hallmark and Lifetime channels on 24/7 â@@djpuplex
â@@djpuplex Yep, success means nothing with no one to share it with. I'm a well-off man but my wife and kid makes me happier than any bank statement.
So everyone single in their 30âs is failing at life? Come on, there are so many miserable marriages and people who have kids who shouldnât have.
She is an ideal situation, so many people would kill to be in her situation, but I get her thought process, not blaming her
From one Hilary to another- you go girl! Keep working towards your goals and donât let society dictate what your life âshouldâ be. Setting yourself up for financial independence and security means FREEDOM.
Her net worth is actually higher than her friends with the fancy cars đ
Without gratitude nothing is ever enough
The best part of how Hilary is handling things (besides the social media/keep up with stuff) is she will soon realize that she had control long before she really thought she did. When you get to that point in life where you decide, you know what, I don't want to, don't have to do this anymore. I think it's called FU money....and you can make those decisions for yourself. It's pretty cool. So keep going Hilary!! As for the single part, you'll find someone worthy soon hopefully and then you both can share in that....provided they are of the same mindset for finances.
And when she decides she wants to go on one of these vacations she will be able to do it without maxing out the credit card
I needed to hear this. Iâm 24 and debt free but Iâm always in my head about how other are doing better.
She's light years ahead of most people at her age. Keep doing that and don't focus on the fantasies that social media creates.
One day when they ask "what do you make" I want to hear someone answer something like "I make custom furniture."
đ
This is the kind of woman a good man would want.
Love that last little bit addressing creating community right where youâre at.
Alternative to ânever try and keep up the Jonesâ. âDonât try and spend other peopleâs moneyâ. This is great advice and this lady is winning big time!
She's so winning. Rock star!
She must have been home alone and bored because sheâs well aware that sheâs doing great. She also knows that she could go to Bahamas if she wants to.
I watched my dad loose everything (lost his business and went through bankruptcy) when I was in HS. I tried to learn from his mistakes and chose to create a very slow and steady path. I can relate to Hillary in questioning if I am "doing things right". Really appreciate the advice and recommendation to shift focus!
The reason I left social media behind years ago. Seeing everyone post about new cars and homes really had me thinking I was doing bad at life. Then I learned they were just posting the good stuff and nothing really about actual life. Iâm doing great. Almost debt free. And have four different revenues of income. Life is great
I havenât had any social media besides CZcams since 2018. I deleted my Facebook in September 2018, my Instagram in 2016 after three months of using it, my Twitter in 2014 lol, and Iâve never had TikTok, Snapchat, etc. It has been one of the best decisions Iâve ever made. I even limit my use of CZcams. I would rather make memories and enjoy my life.
Iâm with you. Deleted all in 2020, best decision ever
Same about 6 months except CZcams because y can control what I see here, kept the real frĂends phone number and donât need more, itâs the closest thing to being a kid again thatâs how I see itđ, all that adult problems everyone talks about is literally that
It's all credit cards and loans. I'm roughly the same age as her and everyone I knew that partied through their 20s used their credit cards and whatever was leftover from the student loans after tuition to foot the bill. Now they're all under a mountain of debt and complain that they can't afford housing. What goes around comes around.
That was a great lesson Dave taught me too. I actually like things BETTER when people tease me about it or dont like it!!!!!!!!
This was really a blessing
Honey there are 33 year olds paying $3k a month for studio apartments out here in California. Youâre doing well considering you own a house and have it mostly paid off.
never compare, that's toxic
These two people can motivate anyone. So smooth.
I went in thinking, "Oh brother! Another generational battle." But, Ramsey is right on the money. I deleted all social media and feel so much better. Instagram was the worst for my comparison.
If she wants to win, keep doing what she's doing then retire in your 50s while everyone else is lamenting another decade before considering retiring.
WOW.... a youngster with a head on her shoulders.... thought that was extinct like the dinosaurs
My sister and her husband always went on trips, had expensive cars, jewelry, etc. but never saved. He passed away and now she's sweating every penny. I don't do trips, no designer clothes, or jewelry and drive an older car, but I'm paying off my mortgage.
Iâm 37 and had felt the same way she does my entire adult life until I found Daveâs channel. Iâve learned to be more happy not drowning in debt than spending everything I make on fancy cars and vacations and losing sleep because I canât pay off my credit card. Someday Iâll make more money and be able to afford more fun things.
Yes. The âFacebook Feellingâ. People only post their great events that makes it seem like everyone is living this exciting, dynamic rich life. Reality is much differently.
Going to be hard for the caller to find friends with a mentality like hers. Not to mention they are all on vacation or enjoying their cars.
I'm a millenial and I got rid of social media in 2018 and my depression about life completely went away.
Another great video. Being (relatively) debt-free at that age is remarkable.
People who compare their lifestyle to that of others likely don't know the details of the other people's finances. I knew a couple who owned a new, large, custom home; expensive vehicles; and an expensive boat. Unbeknownst to others, these things were all leveraged. Eventually, their lifestyle caught up with them and they lost everything. They had over-bought and were financed to the hilt. People from the outside looking in had assumed they were financially well off, which was not the case.
I'm a winner cuz I dont pay any attention to social media.
I quit social media years ago and couldnât be happier. No more comparing myself to social media pond scum âinfluencersâ, and all my friends bragging about their lives who are probably broke as broke can get.
She's doing so very well and didn't even know it. I'm glad she called the show.
The comparison game will steal your joy. Focus on yourself Hillary, but be generous. Donât worry what others think.
Feels rehearsed
Yea seems like a plant...lol.
Social media is basically the enquirer, star, examiner or that old black and white news magazine on the rack at the supermarket.
Quiet winning has worked great for me.
Biggest problem with social media
She takes home around 48 thereabouts. That's about 7000 more than the median personal income tax, Which is 40 and change what that means is that she knows full well people are living a different lifestyle using debt.
Median personal income after tax ^
Median income is 67,000
Median personal income is just under $41,000. You have to be very careful. Median personal. Not everyone has multiple jobs or a partner combining incomes in a household. We are talking about the median personal income.
Median personal income for 2023 was 48,000 before anything came out. Not everyone has a partner and or multiple jobs, as she has no partner and seems to have one income. We have to be careful which numbers you use. These guys are using median personal income. It's a pretty good measure because it's the 50th percentile of one income "out there".
She called to humblebrag and not even William Hill would take a bet for the contrary :P
Better than humble broke.
My mother used to say whenever we saw someone with a fancy car, or a camper, or a boat⊠I bet they owe a lot too! She was so right.
Good luck to you on your Masters and future endeavors!
Not a great income at 33 after the hyper inflation we have had. But having only a mortgage is good.
What is a âgreat incomeâ at that age for both men and women?
Im a man 27 yrs old making 74k in florida. Inflation is a bitch I'm broke â@reese85
America has NEVER had hyperinflation. Americans like you don't even know what hyperinflation is.
@@Dmitchell579 damn
@@Dmitchell579 74k and broke you must be living it up
50k a year isnât much anymore :-(
Itâs plenty when you donât think you can live in central LA or in NY making that amount.
Choices
She's certainly making it work, none the less.
Itâs not and she said 60k but sheâs making it work for her đ€·đœââïž
Try owing 50k and you'll find out quick that's a lot of money.
Social media is certainly one big facet of this perception, but there also seems to be a rapid disparity of wealth happening and those that started on the low end are getting left behind faster than diligence can get them caught up
I get what shes saying, my wife and I are 28/29 years old and we prioritize extra money we have for extra payments on our house bc we want to have it payed off by the time we hit 40. We have no debt, invest 25+% into retirement, but we skip the weekends out at the bar