Posting as :
works at
You are currently posting as works at

Family money. No student loans. Live at home. Ability to save most of their high incomes if they work in consulting / investment banking, etc.
Don’t worry, you’re not behind. I’m almost 40 and years away from buying a home (child of immigrants here - opposite of the traits I listed above). I had my second baby last month, the month after I paid off 17 years and about $300K in student loans. Savings have been impossible for years. Not to mention I’m from a VHCOL city.

likesmart

Most people in Gen Z or young millennials buying homes are getting family help. But there are programs for first time home buyers where you can put much less down - I think these are under used by young people. Some jobs also have deals - my firm has partnerships with banks where we can put 0 down.

like

I don’t doubt there are people out there that did it 100% themselves, no help and all that. But the majority of people are actually getting a ton of help from family. I do not know anybody my age that owns a home and didn’t get some kind of help financially. Look into all resources for help, first time home buyer loans can be good.

like

I realised last year how important it is to make your money buy assets/investments so I've been working hard to make sure I'm at least saving 1-1.5K a month so I can save it towards buying a house. Apart from that change, I'm with you. It's insane how Gen Z kids are able to buy homes.

Related Posts

What is your favorite part about being a realtor?

like

I donated once to a candidate and now I get 3 messages a day asking for money. I feel like I'm in a relationship and I'm a sugar daddy or something.

funnylike

Tether is a giant fraud. How do I short it?

like

If I had a realized capital loss in stock last year can I use that to neutralize any realized crypto gains this year ?

Any tax accountants/attorneys in here? What would happen to the 401k of a foreign worker if they cannot longer maintain an immigration status and have to go back home? What about a ROTH 401k? Assuming they made after-tax contributions, would they still be able to take tax-free distributions if they are non-resident aliens for tax purposes?

like

Looking to buy Rolex OP. Thoughts on new vs used? Is the additional ~2k worth it for new?

What do you guys think would classify as a good savings amount by the age of 30?

like

Currently make 90k and save about 500 per month after 401k, HSA, mortgage, all expenses etc per month. Where can I go to Cali to save the same amount and how much do I need to make to do so?

like

Since the fed rate is now zero.. What does thst mean for mortgage rates and savings rates? They gonna plummet to nearly 0%?

like

Stock sell off begins in earnest this week. I got short the YM this afternoon as it entered the sell zone and stayed below the 61.8% line. It's trading technical and is starting to accelerate.

Post Photo

How do you all split your 401k contributions between pre-tax and tax deferred (pre-pay tax) contributions?

like

Hoping to earn rental income. Any good advice or resources on getting started? What’s your experience been like? Thanks for sharing in advance!

like

I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

like

I am starting personal investment now- please tell me if this plan looks good:
- Already have a 401k plan with max matching form my employer
- invest in 5000$ in S&P ETF
- invest 5000$ each in AAPL, AMZN, GOOGL,MSFT
- invest 1000$ each in Netflix, ADP and Home Depot
- invest 500$ each in Intel, Nike,Walmart and T-Mobile
- small amounts 100-500 in Merck, GE, Coca Cola , Altria and Samsung.

Thoughts? I plan to invest a little bit each month (200$) in ETF. Any suggestions?

like

What’s the best credit card for a married couple who shared finances? We were thinking American Express but kind of lost.

like

Any thoughts on the future of the housing market? Prices are so high. Discouraging as someone looking to buy my first home.

like

How much money have you lost? Misery loves company

Can I simply upgrade from Amex Blue Cash Preferred to Amex gold? Or would both just be open at the same time since one is technically a charge card?

like

I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

like

More Posts

What would be a good gift Japanese whisky? (Trying not to pickup from Costco)

like

Where can I get a competitive intelligence template deck for comparing cybersecurity service providers like big4, accenture??

like

Anyone here tryna go into impact investing?

like

Any book recommendations on how to tame/work with being an overachievers? I'm assuming a lot of us have a hard time switching off the problem-solving voice in our head (I know I do!) and wonder if there anything good to read about this.

like

Friendly reminder with flu season right around the corner: please cover your mouth or stay home!

likehelpful

Does anyone have any experience using StudySync? I’m a first-year teacher and am feeling overwhelmed looking at the curriculum!

I’m looking for some ideas for informational texts beyond just an essay. My students will be comparing the theme of a short work of fiction with the central idea of a nonfiction text.

Anyone know of headhunters in publishing or entertainment, or good ones in our world who are savvy in such things?

Cross-posting: What was your narrative in interviews for wanting to leave biglaw? Presumably you didn't just say I hate working 60+ hours per week in a disgustingly inefficient, top-heavy organization.

likefunny

Is everyone ready for Ramadan 😆🥳🙌🏽

likeuplifting

Anyone ever considered contractor gig in Meta/Facebook or any other big players in tech? I'm full-time in a smaller company and it's pretty stable. Wondering if the move could be worthwhile. Mostly want to explore other areas. Other things to consider: planning for babies in the next 3-5 years; maternity leave in current position is basically what's legally required.

like

Got offer from BCG for ECT. Read numerous comments about ECT being not attractive compared to Generalist track. Also heard challenges about billability/utilization. Any views/ guidance appreciated!
I am not super keen to become a partner (selling) and main reason to join will be working with different clients, smart talented people and a good brand. End goal (at the moment atleast) is to stay for few years and return to the industry. 15 YOE

like

Find your why, your why will give you purpose? This is part of your self discovery journey.

Great for business development, career development, this is something I learned in business school (Why statement is a powerful tool) by Simon Sinek

Post Photo
like

Suggest some good product based companies for data engineer role... Techstack(Snowflake,python,sql)

like

What is the average pay for Dialysis Technicians

like

Hi Fishes,

I'm looking for a Job change for a Business Analyst role and having experience of over 9 years in multiple domain projects. Certificates: Scrum Fundamental, Agile Scrum foundation and AWS services fundamental.

like

Hi Fishes,

I'm working in Wipro last year on 25/11/2021.. i have joined Wipro as fresher TRB band but still i didn't received any hike and band progression till now... I have not joined through campus placement... Please guide me when I'll be eligible for hike ...

like

i have 6+ years of expreince in Insurance Domain as a Business Analyst , how much CTC can i expect from EY ??? i have also done my masters in insurance prior to my work exprience

Additional Posts in Student Loans

Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

like

Damn LIBOR rate up again...

Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

like

SOFI or who else?

In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

like

Does having student loans impact your ability to get a mortgage?

like

If you could go back in time what would you tell yourself before taking out student loans?

like

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal