Is £3k saved with no debt a good financial position for a 23

>>1793260
No it's not
I had 15k Euro self earned savings by 21
And I've got a wage way below average
Just don't waste everything idiot

>>1793267

I was a neet up until 22 though

You're better off than most your age, but it's still shit

The difference in investing at 23 vs 33 is literally millions of dollars.

It wouldn't take much to put you into debt either.

The sooner you get serious about your finances, the sooner you can be free and have some real security in life.

What are you doing to improve your education and skill set?

>>1793306
>What are you doing to improve your education and skill set?

Nothing currently, I earn £16k per year and try to save £300 a month.

>>1793318

Im willing to bet you can save 50% more if you actually monitored your finances properly

youre likely wasting a ton of money on snacks and drinks at that age

>>1793260
Do you have a degree? A woman? A house? A trade? A craft? A talent? A plan? A goal? A functional brain?

>>1793369
word

I am 23 and I have 30k in savings, 50k in bitcoins.
Feels bad man, want more bitcoins.

>>1793418
>50k in bitcoins

You dun goofed

>>1793430
I'm net short on btc right now. Not really upset.

>>1793260
>strippers
I hope you learned your lesson. Spending money on strippers is a waste.

>>1793260
Completely depends on your circumstances. If that 3k represents 6 months living expenses then you're doing very well. If your rent is 4k then it's shit.

Were the strippers hot at least? A bit of fun can be an acceptable way to blow some cash, especially if you have wank bank material for the next 6 months stored in your memory.

>>1793436
should have went the full mile and hired escorts, 500 quid could land you with like 7-8 half hour sessions, strippers are a meme.

>>1793418
How does one buy bitcoins, or any cryptocurrency in fact? I have little to no knowledge on that shit so.

>>1793306
>difference between investing at 23 v 33 is millions of dollars

I understand that to a degree..
but how much money do you have to invest when, and at what kind of percentage, to make a huge difference?

personally ive just been putting money in the bank.

>>1793369
can confirm the mounds of shekels divvied up for nummy treats

>>1793958
localbitcoins for no id. then buy altcoins with btc if thats what you want.

>>1793966
33 is still a perfectly reasonable time to start. This place is full of memeillionaires so don't let it get you down.

>>1793966
Let's say you invest $20k annually and expect an average interest rate of 3.5%, which is pretty conservative.

>30 years (33-63)
$1,068,589.42

>40 years (23-63)
$1,750,190.75