Age/Savings (excluding 401k)
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Hi all,
I joined KPMG around 3 months ago but I am not getting work here. Although, I qualified some project's interview, yet due to some internal reason, they considered someone else, and I again came on bench.
I am unable to figure out what can be done now.
Should I start searching work outside.
(I hardly see any job openings these days)
(sap domain)
How's the resource management here?
(do they lagOff?)
Any inputs will be helpful.
Thanks!
Any thoughts on this?
Desi folks never disappoint 😁
Bowl Leader
This is my story. Think and act
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23 - $1,000
Grew up in the hood with no sense of financial literacy. Finally able to save some and it feels good as hell to have this $1,000! Hoping to get to $6,000 by this time next year. 🙏🏽🙏🏽🙏🏽
Different things are important to different people. I max out my retirement contributions every year and I’d be alright for four months if I lost my current gig. I’m 35, self made and confident in where I’m at. I travel as much as I can, ski and snowboard every weekend during the winter and surf as much as I can during the summer. I drive a nice car and live in a nice place and eat well. I have a kid and kids are expensive. These things are important to me. Cool for you guys that have over $150k in savings. That’s not super important to me and I choose to live my life differently than you. I just wanted to share a different perspective here so that others don’t feel as shitty for living this way.
50/M / If people aren’t including 401k than dammmnnn. I have 3k in cash zero debt all my money is in my 401k and apt.
^^ I’m guessing the people left over 55 aren’t on the fishbowl app
Geezus. This is depressing. I have done everything on my own... and due to a few life variables such as illness and children, I have a whopping $15K / 38.
Because these threads are fake news
Am wondering how many of the people with good savings are immigrants like me ?
Orders “Rich Dad / Poor Dad” on Amazon.
Since half these answers don't seem real or realistic, excluding my 401k:
28 / ~8500
I made some stupid mistakes/got divorced and basically have restarted my savings after moving to a different country. Manage to save almost half my income every month now so I think I'm off track but getting back quickly.
26 - $87k
33/$55k. Spent the last few years busting my ass to get debt free, and I’ve finally turned the corner. Adding around $100k each year moving forward in 401k/stock options/savings.
@SVP1 - if liquid means straight cash, then no, I have around 40K, but if it includes stocks in brokerage accounts, CDs, Bitcoin, and other items that I can turn to cash in under 2 days, then yes - didn’t hurt that I exited school with no student loans, and got into a set of good stocks coming out of the 2008 crisis for cheap that have been doing well, and also got into Bitcoin in 2016, so this year has been great on that front as well. I tend to invest my side hustle money in more aggressive ways, and it has paid off, it’s also not bad that my side hustle puts 40-50K of money in play each year for me, a lot of it goes to grow that business, but some into other stuff.
@SVP1, the big/real money in Bitcoin might be over, I cannot see it going from 20K to 200000K at the same pace, but there are other Crypto Currencies like LiteCoin or Ripple that could blow up, I just bought 2500 coins of Ripple at 29cents per coin, yes, 29cents, my thought is that if it hits just 10 dollars I will have taken around $750 to $25000, to me it’s worth the risk, even just the past week, Ripple went to 75cents - not bad for 6 days - to me the $750 is worth the risk, I have never actually put more than $1000 into any blockchain coin, but early adopting them has often paid off, I already have a sell order on Ripple for $10, if it transacts, I will plan the next step
Living within your means, what a crazy idea
I don’t see anyone responding who is over 55. Is there anyone left in the business over 55.
I call BS on a lot of these, sheesh.
According to Mint, I am worth -$9k.
@OP - not bragging, I know I am blessed, I learned a lot of good habits and had access to opportunities many don’t because my parents are very successful, while non of the money above was a gift from them, being able to invest in an already successful business helps, also learning from successful people helps, and in a way, I was able to take on crazy risk from 22-30 because if I really screwed up, I knew the basic expenses were covered because of my ownership of part of the family business (which I paid for)
@CreativeS1 - that’s the mentality that will keep you from being able to achieve your goals, I don’t have a trust fund, it’s not the Asian way, but I am set to inherit 5M+ - it’s not my fault that my parents worked hard and kicked ass, they immigrated in 1975, and did their thing - I will see that money in my hands when I am likely 50-60 years old, so I have to succeed on my own 2 feet.
Funny part is in my community, my parents aren’t even considered a success - because so many have become that successful to a similar level that you really have to be 10M+ for people to notice
37 / 1.7M - studied in Europe; no inheritance; self made; bought first home with 26; passive income through digital projects since 15 yrs old. Did not start working until 26 when i finished my MSc. I don’t spend carefully but i track every cent with homemade software and are cautious of repeating, avoidable expenses.
26- $28
27, -116k