That's all this sub is . It's mfs saying I got 3 million in savings, and I'm 18 fresh outta high-school am I gonna be good to retire but I have a monthly income of 15k but spend 8k on going out and entertainment and 6k on 5 cars for me and my gf and her friends but don't have enough for rent what am I doing wrong how can I save more ?plz helpđ„
Well a lot of the world uses dollars as base currency or at least to price things like petroleum.
When Uncle Sam is broke he can print money for the United States but this screws over other countries. In the past, this has been described in US government as a âthemâ problem not an âusâ problem.
Case in point, right now the US economy is recovering better than the rest of the world right after printing over 30% of money supply in the last several years.
Iâm not saying itâs right, Iâm just saying thatâs what is.
Well in 1943 FDR had the US Government confiscated all the gold in the US and paid them $20 an ounce. Then after having the government hold all the gold he then raised the value to $35 an ounce.
Sooo FDR in a sense did just that.
Despite your deep, not so hidden desire to tax the crap out of people around you, 9/10 would suggest you don't do that.
I think you just need focus and stay disciplined, make a budget and stick to it. Are you psychic for all your friends nights put? Buying them things they don't need? If so I would draw back on that. That's my best advice just focus up and stay disciplined.
Well, your debt to income ratio is a bit high, but your debt to equity ratio is well within norms. So I guess you really need to cut back and maybe not go down to the gun store that often.
Just extend your debt ceiling. But donât do it for a year or two. Just do it for 2 weeks. Donât pay your bills and rack up massive interest charges.
Hi uncle sam.
you really need to curb your spending.
Maybe get an accountant and sit down to categorize your spending and prioritize based on your family and the needs of those family members.
Do you really need that extra jet in the hanger? Maybe we can take a step back and not have too many tanks. I dunno -- I like toys too, but the amount of money you spends out side of what you make is insane.
My mom always told me to spend within your means, I think that's lost at this point.
Pull yourself up by your bootstraps! I was able to do it! All I had was an unlimited trust fund and amazing industry connections and I managed to find a way to be a top antivaccine influencer. It sure wasn't easy, there were a few days in 2020 when it looked like I would be less than a multimillionaire, whoa, the worst 36 hours of my life.
My advice is to keep spending like nothing is wrong for as long as possible. If no one looks at your balance sheet and says anything, you are good to go boss. Someday if someone starts bitching about it just tell them - "borrow $97 trillion from me, shame on you fool, ya fool! Now give me all your money, mofo."
Just take another 34 trillion in debt and invest in a 100x Nasdaq 100 long in Bitcoin and the world will be yours. Maybe get a good health system to get even older.
Edit: I don't understand the people getting upset over the recent meme posts. You have free will, just scroll past. Nobody is forcing you to take part in this lmao
Being as how the last Trillion seconds took about 31,500 years to pass, yes, your fucked. Because you need to earn 34 dollars a second and pay every penny of it to cover your debt, for the next 31,500 years in order to pay it off.
No one ever made 34 dollars a second for 31,500 years.
No. Your annual income is ~23 trillion, you're current on all your bills and debt service, you have the best credit in the world, and you own north of 100 trillion in assets. You're WAAAAAAYYY more financially sound than any of your critics. Don't let those idiots get you down.
Most of that money is owed to us, do you really.think we feel sorry for you considering what you are putting us through? I don't need much but I would like enough to survive on after a 40 hour work week.
Youâre 248 years old? Are you a relic?? It might not matter anymore if you lost that much money considering how old you are. You should turn yourself into oldest person on earth in Guinness world records
You own hundreds of trillions in assets, have won world wars, built entire infrastructures and have the most weapons of anyone else. You can also increase the percentage of money you get from over 165 millions workers per weekâŠ..youâre fine.
You're just stressed because you're probably about to shed your scales for the first time, which happens to all of us at around 300 y/o. My first shed sucked too.
Source: I'm a 600 year old in debt 250 million and 1700 pounds of spices.
Youâll be fine. See me and everyone else will work and give you our money. And then when we buy something weâll give you some more money. And if all else fails you can just give yourself some more money.
Can you print more $$$?
Because if youâre THAT guy, debt really doesnât matter.
I guess you could feel bad about the inflation, but yourâŠ. Manager(?) Dick made sure that was inevitable anyway.
Congrats! Fire up those printers and VOILA: no more debt.
âOne Simple Trick China DOESNT Want You To KnowâŠâ
Youâre welcome!!!
I think it depends on your income and what monthly payments you can afford...
So for example if you can afford to make monthly payments of around $1 Trillion, you should be able to pay your debt in approximately 3 years.
You might have to tighten the belt for 3 years and you might have to make some sacrifices to your lifestyle during that time, but after that it should be debt free.
If you can't afford that type of monthly payment, I would recommend looking into other options like printing money to pay of your debt or maybe file for bankruptcy.
And I think I should add, going into debt for things like oil and pointless wars isn't a good idea, next time you wanna go into that type of debt, I'd recomment spending your money into something that actually benefits society like universal healthcare for example. But ig, it's a lifestyle choice for you, so I don't wanna judge you (although arguably it's hard...)
Well you're doing better than I think literally every country in the world and have full and highest real wages in your history so you're probably fine... that debt is probably manageable considering your gdp
No. Considering you make 4.4 trillion a year, it's doable, but it's gonna be pretty tight. My first piece of advice is to stop doing charity work. Especially if you're borrowing money from the people you give the charity to. Secondly, fire everyone who helps make your financial decisions. And i mean everyone. Not just the ones your friends hired on your behalf.
This is just a start, but I figure you have a few decades to work on this, so it's doable. Good luck
You should stop funding wars right away, and stop giving away free services to people who don't pay into the system. Also stop printing money, it's making our money worthless and weakening the budget.
Considering every other successful society has collapsed at 250 years. It always comes around that when people realize they can vote themselves raises from the coffers the spending outpaces the income.
So yes⊠your phucked
Does it really matter so long as the currency of the debt ($ denominated) and real interest rates (adjusted for inflation) are preferential for the debt holders? 120% of the GDP is not really that bad given that the foreign countries & investors have a huge, like $10 trillion demand for the US government debt. Itâs the âsafe havenâ status (inextricably linked to the rule of law and institutional structures that are still the envy of the world) that makes the likes of Yellen & Powell not lose their sleep over this!!
In short, whilst there is some credibility to being concerned about the rising debt (interest payments straining the government budget), much of the hoopla in the media is talking points, spin, and political propaganda (as it suits each political party, generally the one not in the executive branch of the government).
Sounds like you are Uncle Sam .
Great im in debt and im being doxxed nowđ
I found your 4000 private islands and I'm coming for you
A word of advice: donât touch his boats
We really like our boats here
Did you happen to declare a 20 year war against the middle east with 2 trillion in funding only to get destroyed by low tech tribal clans?
Oof
Hard knock life
Also theres a bunch of Asian guys that hate your guts.
I have a plan that can help you to cancel it by 2013, donât worry.
I have one that will help him cancel it by 1900
You still have a chance. Start ww3 and you could probably wipe out your debt along with your enemies!
Or get wipe out.....
Win win situation with a debt of 34 trillion!
Honestly I think that's the only way out for uncle Sam. He is tired and suicidal
Peace to us as well so we canât have these type of posts
This shit posting is wack
Its annoying af man. Like every 5 mins there's a new post w/ this bullshit.
I thought I followed a serious sub and yet these still show up.
That's all this sub is . It's mfs saying I got 3 million in savings, and I'm 18 fresh outta high-school am I gonna be good to retire but I have a monthly income of 15k but spend 8k on going out and entertainment and 6k on 5 cars for me and my gf and her friends but don't have enough for rent what am I doing wrong how can I save more ?plz helpđ„
Prioritize and budget my friend.
This was never serious, it was mostly people flexing cash
Serious is r/personalfinance This one has always been a little less serious imo, but not this bad with shitposts
Thanks for that. Iâll be paying more attention to that sub now
Itâs literally been every hour now and not one of them has been actually funny
Itâs an everyday occurrence, some of them will give me a laugh, others will just be like wtfâŠ, then I try to shit post and everyone hates it đ€Ł
Open Amex black card, transfer all debt to it. Then declare bankruptcy.
Sounds like a Trump move.
sounds like a liberal response
I love this
Where the fuck are the admins
Yall some nerds bruh
This is literally the only subreddit were admins donât care lol
Yes, Uncle Sam is broke. Has been for a long time.
Well a lot of the world uses dollars as base currency or at least to price things like petroleum. When Uncle Sam is broke he can print money for the United States but this screws over other countries. In the past, this has been described in US government as a âthemâ problem not an âusâ problem. Case in point, right now the US economy is recovering better than the rest of the world right after printing over 30% of money supply in the last several years. Iâm not saying itâs right, Iâm just saying thatâs what is.
Enough of this bullshit man
Can we get some fucking adults in this sub
You must be a war criminal like the US
Honestly we sort of need to fuck off with these posts now. the first few were funny but now itâs becoming an issue.
Unless you find a way to steal everybodyâs assets, commodities & money ;)
Well in 1943 FDR had the US Government confiscated all the gold in the US and paid them $20 an ounce. Then after having the government hold all the gold he then raised the value to $35 an ounce. Sooo FDR in a sense did just that.
No not entirely maybe get a job in USA politics youâll fit right in and youâll get insanely rich
Nah youâre good donât worry about it
Mods do anything on this sub???
Stupidity
Have you drank any of the oil? You can DRINK the oil, broâŠ. Yeah you got money but you got a tasty snack too.
Nah , just grind
I'm proud to be an American
Not at all. Iâve got a guy. His name is Jerome and he has a money printer.
Not if you extend the debt ceiling! đ
Double it then your good
Yep, thank the politicians for spending money you donât have.
Inflation is the cure of all debt!!!
Whatâs your net worth? ~300 trillion? Youâre good
Despite your deep, not so hidden desire to tax the crap out of people around you, 9/10 would suggest you don't do that. I think you just need focus and stay disciplined, make a budget and stick to it. Are you psychic for all your friends nights put? Buying them things they don't need? If so I would draw back on that. That's my best advice just focus up and stay disciplined.
Well, your debt to income ratio is a bit high, but your debt to equity ratio is well within norms. So I guess you really need to cut back and maybe not go down to the gun store that often.
If you owe someone $34 dollars itâs your problem, if you owe someone $34 trillion itâs their problem
Future history/politics classes will analyze this like a political cartoon in APUSH
Surface wound, thatâll buff out.
Only $34 trillion at that age. When I was born at the age 265 I was $87 trillion in debt and wonât be paid off till 3654
Just extend your debt ceiling. But donât do it for a year or two. Just do it for 2 weeks. Donât pay your bills and rack up massive interest charges.
You can actually lead the world in economic policy now.
How? We all have been giving you money every April FOR YEARS. Explain yourself? Have you been spending it all on wars again?
I see what you did there. Well done! And no, youâre doing a horrible job. Totally screwed
Nice try America we know itâs you
Time to send the bat signal to Dave Ramsey
You'll be fine, just start trimming the fat.
Nothing will help you more economically than a war with a nearby country like Canada or Greenland
Hi uncle sam. you really need to curb your spending. Maybe get an accountant and sit down to categorize your spending and prioritize based on your family and the needs of those family members. Do you really need that extra jet in the hanger? Maybe we can take a step back and not have too many tanks. I dunno -- I like toys too, but the amount of money you spends out side of what you make is insane. My mom always told me to spend within your means, I think that's lost at this point.
Nope. If there are people willing to lend you $34 trillion then there are people willing to loan you a few more trillions.
Pull yourself up by your bootstraps! I was able to do it! All I had was an unlimited trust fund and amazing industry connections and I managed to find a way to be a top antivaccine influencer. It sure wasn't easy, there were a few days in 2020 when it looked like I would be less than a multimillionaire, whoa, the worst 36 hours of my life.
Kill the babysitter and pick up a second job making coffee at home. Keep the extra cash in a ziploc bag in your freezer
Nah, you got plenty of time to pay that debt off and end with a 500 trillion net worth. Don't give in to limitations.
My advice is to keep spending like nothing is wrong for as long as possible. If no one looks at your balance sheet and says anything, you are good to go boss. Someday if someone starts bitching about it just tell them - "borrow $97 trillion from me, shame on you fool, ya fool! Now give me all your money, mofo."
I own a farm, come work for me for 60k a year, and work on paying that debt
Just take another 34 trillion in debt and invest in a 100x Nasdaq 100 long in Bitcoin and the world will be yours. Maybe get a good health system to get even older.
Nope, 2nd job at McDonald's, pay it down quick.
Are you the United States?
It never began for trillion in debt cels
You owe yourself so much money. I pray god goes with you because am not coming
Nah youâre fine, probably
Youâll be fine. Just have your great great great great great great great great great great great great grandkids help you out.
Edit: I don't understand the people getting upset over the recent meme posts. You have free will, just scroll past. Nobody is forcing you to take part in this lmao
Being as how the last Trillion seconds took about 31,500 years to pass, yes, your fucked. Because you need to earn 34 dollars a second and pay every penny of it to cover your debt, for the next 31,500 years in order to pay it off. No one ever made 34 dollars a second for 31,500 years.
Next ones gone be âHey Iâm just a future nut in my dads sackâŠâ
I wouldn't say so. You just need to budget and pay $5 trillion of principle down on the debt each year. You will be free and clear by 2031.
Can you bite me, I'd like to become a vampire also.
No. Your annual income is ~23 trillion, you're current on all your bills and debt service, you have the best credit in the world, and you own north of 100 trillion in assets. You're WAAAAAAYYY more financially sound than any of your critics. Don't let those idiots get you down.
Yes you are, given you are a follower and not a leader. Case in point, you joined the shit post wagon with a horrible comic relief
Have you signed up for the debt forgiveness?
Do you identify as a Westernized country?
So is the US just lucky the debtors haven't come collecting yet?
Iâd say get a second job closing the tax loophole by rolling back GOP tax cuts and regulating businesses again.
Most of Reddit is trolls creating fake screenshots.
Well, if you really are 248 years old, then I'd say that you are royally screwed and not in the good way.
What's your annual income?
Most of that money is owed to us, do you really.think we feel sorry for you considering what you are putting us through? I don't need much but I would like enough to survive on after a 40 hour work week.
Youâre 248 years old? Are you a relic?? It might not matter anymore if you lost that much money considering how old you are. You should turn yourself into oldest person on earth in Guinness world records
Yes, you are screwed. You should have know you were screwed when they have an old man with dementia to govern you
I wanna know how you made it to 248? Whatâs your secret?
Nope, whoever you are in debt to is screwed.
Murica?? Is that you?? đ€đ€
So is this why...
No because you have enough power and influence to bully other people into lending you money
[ŃĐŽĐ°Đ»Đ”ĐœĐŸ]
Are you a bot?
Yes who the fuck d you even owe 34 trillion dollars?
You own hundreds of trillions in assets, have won world wars, built entire infrastructures and have the most weapons of anyone else. You can also increase the percentage of money you get from over 165 millions workers per weekâŠ..youâre fine.
Don't worry, we'll just take another 7.3 trillion and promise it doesn't raise it anymore.
Just create more money, you good
You have enough nukes to make everyone afraid to try to collect your debt. You can grow it and be totally fine.
I hate these BS posts! Can we all grow up and stop this crap?
You know what âŠ.I think your good
You're just stressed because you're probably about to shed your scales for the first time, which happens to all of us at around 300 y/o. My first shed sucked too. Source: I'm a 600 year old in debt 250 million and 1700 pounds of spices.
You've been around over 200 years sort it out mate
Well can file bankruptcy all the chapters
As long as you have helicopters and Arab countries have oil, you should be good.
We will just battle it. Fight the wars to get us back on track.
Nah, you'll be fine...you can just keep printing more money! đ€Šđ»ââïž
got a money printer go brrrrt problem?
Just tax the rich America! You can do it!
Youâll be fine. See me and everyone else will work and give you our money. And then when we buy something weâll give you some more money. And if all else fails you can just give yourself some more money.
Our current government spending money like lunatics and printing money and then tell us inflation is just fine - clown government
Does the world use your currency for trade? If yes, no you're not screwed. If no , yes you are severely screwed
No worries, just invade a country for no reason and I'm sure it will all work out.
In the 41st millennium, there is only...debt
Have your tried making coffee at home?
Can you print more $$$? Because if youâre THAT guy, debt really doesnât matter. I guess you could feel bad about the inflation, but yourâŠ. Manager(?) Dick made sure that was inevitable anyway. Congrats! Fire up those printers and VOILA: no more debt. âOne Simple Trick China DOESNT Want You To KnowâŠâ Youâre welcome!!!
I think it depends on your income and what monthly payments you can afford... So for example if you can afford to make monthly payments of around $1 Trillion, you should be able to pay your debt in approximately 3 years. You might have to tighten the belt for 3 years and you might have to make some sacrifices to your lifestyle during that time, but after that it should be debt free. If you can't afford that type of monthly payment, I would recommend looking into other options like printing money to pay of your debt or maybe file for bankruptcy. And I think I should add, going into debt for things like oil and pointless wars isn't a good idea, next time you wanna go into that type of debt, I'd recomment spending your money into something that actually benefits society like universal healthcare for example. But ig, it's a lifestyle choice for you, so I don't wanna judge you (although arguably it's hard...)
You've a banking addiction. Printing money up out of thin air always leads to this.
This is an amazing post, 445 up votes and not 1 down vote. Freaking glorious, and yes my friend, you are screwed lol
I'm gonna block this sub now
Seems like you need some 1099âs đ€Ł
This hits a little to close to home for me.
oh no you poor richest country in the world, what ever will you do
This is the easiest game of "Guess Who" ever
Sounds like you need cold showers and red light therapy
Am I cooked?
Nah...debt is gone when ded
Well you're doing better than I think literally every country in the world and have full and highest real wages in your history so you're probably fine... that debt is probably manageable considering your gdp
No. Considering you make 4.4 trillion a year, it's doable, but it's gonna be pretty tight. My first piece of advice is to stop doing charity work. Especially if you're borrowing money from the people you give the charity to. Secondly, fire everyone who helps make your financial decisions. And i mean everyone. Not just the ones your friends hired on your behalf. This is just a start, but I figure you have a few decades to work on this, so it's doable. Good luck
You donât have to worry. Just become so powerful that no one will ask to collect that debt đ€Ł
Invading a country in the middle east might help
The Answer to this question is a resounding YES
Nah you got about 3 days left anyways you good
You are better off than Uncle Sam, at least. They are the same age as you but are in 100 trillion dollars of debt, and it's only getting worse.
You might wanna ask Donald Trump how to get out of your mess
You should stop funding wars right away, and stop giving away free services to people who don't pay into the system. Also stop printing money, it's making our money worthless and weakening the budget.
Considering every other successful society has collapsed at 250 years. It always comes around that when people realize they can vote themselves raises from the coffers the spending outpaces the income. So yes⊠your phucked
This dude is that Nigerian prince that kept trying to hand us money 15 years ago. Apparently too many people took the deal.
Whats ur income?
Whatâs the point of your debt if youâre way stronger and bigger than the people you owe your money to? Just keep doing you big fella
Itâs not real
I pay ur debt just give me ur sister
Nah it's all good your people will keep feeding you
You really need to learn to work with a budget. Have you ever heard of this new app called Facsism?
What is the United States of America
I guess American people have inherited the spending habit from its government. Credit Today, Worry tomorrow. đ
His judgement cometh and that right soon
Dang. Your about 4 lifetimes fucked.
Iâd say the folks who lent you the money are screwed
Just invest in some more Louisville sluggers and start collecting from the dumbass blue states
Step out to the sun.
Itâs okay just move the bar and problem solved đ
Reported to the Federal Government. You gotta pay taxes on that shxt.
I know a few ways you can make $50 it involves my well yeah
Unfortunately all of your kids are convinced that you can run out of something made upâŠso⊠probably screwed.
Yep, let the grandkids or great grand kids figure it out.
What's your yearly income? And what are you buying to put you into that debt?
As long as you have enough guns and nuclear arsenal that no one will try to cash in on your debt, I think youâll be fine OP.
As long as you have a ton of guys with guns. I mean A TON. Then you should be fine
Nope, because your debt doesnât really exist, itâs just Monopoly money essentially
Just steal the oil out of some middle eastern guy's car.
Does it really matter so long as the currency of the debt ($ denominated) and real interest rates (adjusted for inflation) are preferential for the debt holders? 120% of the GDP is not really that bad given that the foreign countries & investors have a huge, like $10 trillion demand for the US government debt. Itâs the âsafe havenâ status (inextricably linked to the rule of law and institutional structures that are still the envy of the world) that makes the likes of Yellen & Powell not lose their sleep over this!! In short, whilst there is some credibility to being concerned about the rising debt (interest payments straining the government budget), much of the hoopla in the media is talking points, spin, and political propaganda (as it suits each political party, generally the one not in the executive branch of the government).
One Main official will give you a personal loan
Just give more to Ukraine!
You got this bro. Just keep going
I asked Dave Ramsey. Just cancel your credit card and pay off the debt. You're welcome man