and just how much savings should u have by then?
hypothetically, would 15 grand be ok?
is that too little?
for normal folks like us, lets not talk about the super rich.
2006-12-02 07:05:40 · 18 answers · asked by Anonymous in Family & Relationships ➔ Singles & Dating
Absolutely NOT. In today's day and age, you are completely normal. The new 25 is 35. Many people in their 20's and early-mid thirties are living at home with parent(s). Some of these people have actually lived on their own but moved back with their parents to get back on their feet. I think you have the best intentions since you are planning to move out when you are ready and it is wonderful that you have accumulated savings. 15 grand is exceptional. Better to wait to move out then rush out and fail at it. So, NO...you are not a failure. Best of luck in your future!
2006-12-02 07:17:25 · answer #1 · answered by Tree 3 · 0⤊ 0⤋
Failure in life does not depend on what you have, but on what YOU ARE. You can have as much money as Bill Gates and Donald Trump put together, all those wonderful properties and the knowledge that you will always be treated like royalty because of that pool of money. That is not success, is luck and riches, but nothing more.
How many super rich today are paying millions to shrinks and gurus just to find meaning in their lives?
On the other hand, I think $15,000.00 is quite a good amount to invest if you are seeking a home or apartment. But to determine if this amount is right; you must first research the community you will be investing int. Then you must compare prices, is that location suitable to your needs? what about similar communities within the area?
Then you must take a look at your monthly income and expenses, can you afford an $1,000.00 monthly payment on a mortgage or not? How much can you afford then. A good chat with your trusted broker will be advisable.
Do not lose your time wondering if you are a failure or not. Instead invest your time in setting up achievable goals. Good luck
2006-12-02 07:19:30 · answer #2 · answered by umbralatin 3 · 0⤊ 0⤋
actually, buying a house is a huge responsibility. and very costly. you have to take into account the price of the house, the realtor fees, and subsequential taxes. it also depends on how long you've been working and how much you make. by no means are you a failure at any age if you don't own a home. you don't need that kind of financial burden until after you get married anyway. a single man doesn't need a house. just think, what if you get married and find you have to move away b/c your wife got relocated. that'd mean selling the house, and quite possibly losing money in the deal. how much you should have saved up by now, again, depends on how long you've been working and how much you make. plus, do you spend all your money on stupid things like music and movies, or do you spend wisely on things you need and can't live w/o? women like men who are good w/ their checkbook/finances. mind you, not a cheap man, but one who doesn't just throw his money away. that's a failure! however, if you ask me personally, i will tell you given any job or any wages, $15,000 is not enough. given that rent (at least in los angeles and new york) is roughly $1500-3000 a month, how long do you suppose you can live on that 15 grand? plus, you have to take into account other expenditures like utility bills, groceries, insurance (both health and auto), etc. try putting away a little more out of your paycheck and spending less on frivolous items.
2006-12-02 07:16:22 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Not having a house doesn't make you a failure by far. There is no rule about how much money you should have saved. If you have 15 grand, then that's great. It's alot more than other people have.
2006-12-02 07:10:37 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Houses here in the UK have been getting more and more expensive than ever, it is a lot more difficult than 20 years ago. That's why most are staying with their parents for longer.
Years ago, say the 60's and 70's you would marry at about 16 and probably have your own house, because your parents would have saved or something.
It doesn't make anyone a failure if they haven't bought a house by 30 odd.
Idon't know about house prices in the USA.
2006-12-02 07:10:26 · answer #5 · answered by Simmer 2 · 0⤊ 0⤋
No your not a failure, you just need someone to give you that push... I met my husband when he was 28 and he was still living with his mother, he finally moved out of his moms house when he turned 30..He had no savings, no car, no apartment but with the help of a good women we now have a 2 bedroom apartment, 2 cars, and weve managed to save about 10 thousand... So u are doing alright...U just have a slow start...
2006-12-02 07:10:14 · answer #6 · answered by happy2BAlive!! 2 · 0⤊ 0⤋
This reminds me of a saying - I complained I had no shoes till I saw a man without feet. U r 2 good 2 b a failure with more important cares.
2006-12-02 07:15:58 · answer #7 · answered by hailer 2 · 0⤊ 0⤋
hey..15k is more than alot of older people have saved. the cost of buying property paying taxes and making a life committment with all the responsibilities and obligations that goes with it are difficult for anyone these days. NO youre not a failure. good luck
2006-12-02 07:10:56 · answer #8 · answered by katlady 4 · 0⤊ 0⤋
Hey bro don't worry...there is a lot of time yet...and your still in your 20's!! A failure shouldn't depend on if you own a house or not...It just depends what you have done with your life and if it has made YOU happy.
2006-12-02 07:10:17 · answer #9 · answered by surfmerrick24 2 · 0⤊ 0⤋
You are not a failure. I am 40 and I just bought my first place. For money, they recommend a years worth of expenses.
2006-12-02 07:07:37 · answer #10 · answered by travelguruette 6 · 1⤊ 0⤋