Why don't millennials save money?

Why don't millennials save money?

Other urls found in this thread:

youtube.com/watch?v=iFDe5kUUyT0
twitter.com/NSFWRedditVideo

...

Not all of us a dumb, I save about $300/week and have put away nearly 9k since January

t. 1991 fag

The purpose of money is to spend it

I spent my last couple paychecks on escorts, a new armani watch, and clothes because I dont have bills

In many cases, they're entitled and living on the bank and mum and dad. They're not taught critical thinking and can barely think ahead of their wants, let alone needs and extensive future planning. Basivally, they're next in growing up once bitter reality slaps the snowflakes off their faces.

You can't save money if you don't have any.

Is that "the hymen divider"?

Cuz it ain't going with you in your casket.

This is now a Dan "Get in the van, I've got a plan to hold her tighter she's a fighter, the heymen divider" Schneider Thread.

This.

Why do so many people take pride in living frugally? WTF?

what do you wanna do with all the money when you are old?

Money should be spend when you are still young

Search Soembie, she's an e-sports chick.

>t. millennial taking his pension for granted.

There used to be a time when you had to plan for your retirement or else you would end up on the street starving.

I made terrible decisions during and out of college. I couldn't save for a long time untill recently because I had to pay off everything as soon as possible.

I am also from a very poor family which I now know explains why I initially found it difficult to save.

That being said, a lot of them don't save because they have been brought up on credit and parents money so have never had to. Or they were in a similar situation to me.

Don't call him that

I do save money. It's just that bring home ~600 bucks every two weeks isn't enough to really make a difference.

Step it up fam3.14159 I know illegal mexicans that make over $100/day advertising manual labor on Craigslist

Why do you buy a watch from armani?
Wtf.
Thats not even a reputable manufacturer.
It is just a random watch with armani Logo painted on it.
Fucking millenial.

IS that a tranny?

This person has empty soulless eyes. I don't even think it's a real person at all.

Because weapons an ammunition arent cheap and my job pays shit

Nothing left to save up after monthly student loans are paid for.

Its going to happen if you save or not medpack

Armani is a recognizable brand to normies rather than some fedorian watch like seiko

no.

Bank of England base rate is 0.5%
No one knows what a Stocks and Shares ISA is

Eh no. Depends how and what you save. Sure, if you entrust your life savings to a bank in the form of currency you'll probably be fucked over. If you invest in real-estate, diverse stock options and gold you'll probably still make it out with some value even after a war and a bout of hyper inflation.

Whats wrong with tissot, casio and Seiko?
Armani sells its shit here in dirt cheap stores where you get like 80% on Everything.
It is a fashion watch and to 80% worn by turks and albanians.

Stop making Soe threads
Sheever is much, much better

Why do you keep making these threads with Soe as OP pic?

Because the only thing I want that I would need to seriously save for is a house, but I ain't even going to worry about that until I get a real job. So for now I'll just spend my money on more guns.

Because shit is expensive

Any cunt on minimum wage could save money 30 years ago when everything cost peanuts

You're a retard don't take pride in that

>save money
>Ben Bernanke and Janet Yellen inflate all the value away
>Corporations jack up prices with every helicopter cash drop
Why?

Savers and responsible mortgage payers are brutally punished in the modern economy.

Because some people take pride in not being up their neck in denbt.
Some people take pride in knowing they have a buck on the side in case of emergency.
Some people plan at least a few years ahead instead of just living in today and ignoring tomorrow.

> t. millennial taking his pension for granted.
Aced.
Comments like that always come from people who haven't worried about money once in their lives.

Materialist parents raised them in a materialist society where school teaches you that work only exists for your materialist greed.
What did you think?
Jews pretty much make it easy enough for children to understand why can't you?

Because I can't stop buying parts for my $45k truck. I'm an idiot. Oh well, at least I have a vehicle.

most of my paycheck goes on beer and food.

stop posting this 6

>tfw spending my money on thai hookers and drugs

right now all of my income goes towards school.
soon as I get into the career meme I will save money and buy a house. Apartments are for suckers

BUY SILVER NOW

Because Feminazis need their blue hair dye and Refugees Welcome T-shirts.

>Make $2500/month
>very little expenses, just food,jiu jitsu and bus pass
>saving for law school so I dont have $100,000 of debt when I graduate

This isnt too hard. I lived in Asia for 2 years not working during uni. Only have $30,000 of student loan debt and I got to travel and have tons of fun.
How do people have as much debt as me and stayed at the same uni for 4 years?

oh look this thread from last night.

youtube.com/watch?v=iFDe5kUUyT0

Why do you make these threads every single day?

>tfw in one of her streams on twitch she let escape that her gradma (dont know of whitch side) was probably the result of rape from russians thus her last name

As soon she finished saying the sentence she had that look of "oh shit, I said too much".

They have to waste their surplus money on vidya, toys, overpriced Apple devices, and tickets to the next Superhero movie. In short, it's because they still have the mental maturity of a ten year old.

cuz have a shit job for the next 2-7 years

Suunto ftw

I am saving it though. I spend less than I earn.

I only spend it on shit i know is going to last me a long time.

Because of inflation.
It's better to reinvest, than to "save".

Because millennials are all living in incredibly expensive cities like NYC, SF, or LA and don't save. I work with all of them at my job, none of them save their money. They say they have at most 100 dollars in their savings at a given time. They pay like 2-3k a month in rent, overpriced food, and booze.

It's sad, but true. Renting costs more than a mortgage, but they don't want to fix things themselves because they don't know how. Something breaks, call maintenance or the landlord. They don't have to do a damn thing.

I do. I'm 20 and have about 40k in savings already

if you save money, how will you be able to post pics of your vacation, party and gaudy luxury spending on social media?

Why is OP a faggot?

I do.
I am thinking of investing in stocks but all this tax bullshit makes me want to vomit.

You found the devil.

I started saving as soon as I got my own place. Not because I need to, but more because it's common sense.
>Get paid late
>Doesn't matter have money saved
>TV breaks
>Doesn't matter have money saved
etc etc etc.
I know two people in debt because they didn't save. And decided to take loans out for issues they have, and now they're paying 2-3 times back because they had to get day one loans like idiots.

>saving money with interest rates this low
wew lad
wew

I have 50k saved and I'm 24.

Your argument is invalid, OP. Furthermore
>saving
>not going into stocks
lmao @ ur life

>saving
Nice meme.
Germany is one of the nations with the highest amount of money saved per person and we are getting absolutely cucked by it currently.
EU is giving away money like its paper so everything gets devalued.
Sane men make smart debt now and invest it in land, housing and other physical means.

1991 fag. I save about a grand a month if i dont buy a bunch of expensive shit or more guns. I make more money than every single person i knewn from my home town excelt for one of my friends in the same industry. Millenials are shit at making money. They cant save because they cant hardly pay their bills.

>the interest rates don't encourage people to spend more money
>better start shilling on Sup Forums
Jean-Claude pls

30k in savings and I'm not even 21 yet lmao no Daddy money either

my retirement plan consists of a solid 200 meters of altitude and a bridge tbqh

you act like you can't just die when you run out of money

if i haven't made anything of myself by the time I'm old, why would I want to live out my last years dying a long, expensive death? You ever talked to someone over 80? Most of them are unhappy and in pain

Thinking in going into stocks and such.

Not sure if I should go for the value of the paper or dividends. I dont intend to invest too much now that I dont know jack shit about it tho.

Any advice?

...

Maybe if this was 1956 I'd want to live to retirement, but it's CURRENT YEAR and I think I'd rather be nice and snug under 6 feet of soil than live beyond say, 60

Bull fucking shit.

Dont know jack shit about it? Whatever money you put in, expect to lose, and lose it hard.

I will not operate the money. I will give to one of those companies that create pools and them invest them for a fee.

What do you do job wise?
Im unemployed, mainly because none of my interests pay well and I don't want to go to college for nothing.

>when you're doing so well people don't even believe you
Thanks user

>Armani Watch

What a faggot. Nobody buys Armani watches, they're private label shit. Rolex, AP, Omega...all superior.

>tfw you don't understated the time value of money

You know how there are people in America who are like 70 and they work as 'greeters' at Walmart?

That's going to be you, bro.

Hahaha get the fuck out of here. You have NO fucking idea what the value of money is.

Sup Forums what's his name again?

I can explain everything If you want. I work in finance.
>inb4 my name is shlomo Goldsteinberg

Because girls will see that armani logo and think this guy's fly af, he spends money on himself he might spend money on me too

Im 23 and the missus is 21. We just bought our first house and over half of our after tax income goes on our mortgage.

You have to find love. Love is stronger than material desires and actually forces you to invest in things that will support your family when you have one.

invest bro
INVEST

Because of the federal reserve.

It's pretty much impossible to save money and buy a home now.

Stop. Just fucking stop a minute.

Sup Forumsbros, seriously, listen....

Put your money into tracker funds. That's it. That's all you need to do. Just treat it as a bill you need to pay every week/month - just put your money in there and leave it.

Once again, "If her age is on the clock, I grant her access to my cock" stikes again

>being this dirty

Do you go on /biz/. Maybe there should be bether for us to talk.

Anyway, Im totally new on this but the thing is, how to read the data of the stocks so I can try to predict when to buy and when to sell?

Also, being in Hueland, can I buy from here papers from US or UK for example?

And what is the difference between stocks XYZ3 and XYZ4 and what should I purchase?

I have a feeling she spent more time posing for these selfies and editing them, than on actually painting something.

>mfw I see Dan "wipe away that tear, it's for your career" Schneider

Saving is important. And people who say you're saving for no reason, miss the point.

Pensions are increasingly failing and the western world is in debt and on the brink of another economic collapse which will be worse than 2008.

You can't take it for granted that you'll have money for bills or rent, so you have to tuck some away.

Also millennials I know whinge about having no money but spend their money on fancy holidays and constant meals out and then whinge about rent.

I'm poor but I have £3000 saved. This is so when I move house I have the rent and deposit necessary as well as back up for any unexpected expenses.

It's also investment for driving lessons which I desperately need to increase my employment options.

Yeah I'm unemployed right now and could have bust that money on a TV and a PS4 or a gaming pc or some stupid holiday, but why would I? That won't improve my prospects long term.

I have a sister who is 31 and working but living at home. She's been saving for 2 years to move out, but then she spends shit loads of money going to watch tennis in Australia. She'd have left home by now if she'd fucking saved money but instead she has to be an idiot girl and spend it on pointless shit.

>Millenials making money

Because Keynesians who run the country don't want you to save.

>medpack

Why have i never read that before >_>

They aint got the money to save.

They're living paycheck to paycheck because they dont make enough.

>>tfw in one of her streams on twitch she let escape that her gradma (dont know of whitch side) was probably the result of rape from russians thus her last name

noice

I call them mountain jews

>because I dont have bills
What do you tell your mum when she asks you for board?

/biz/ is full of fucking clowns.

Seriously, you get better investment advice on pol.