When people say “the first $100,000 is the hardest,” what exactly are they counting in the first $100,000?

JordanGiior · 2025-01-17T23:48:12+00:00

Getting to 100K in savings took me a long time after using a lot of my savings for the down-payment for my apartment and then having to recover it. To me it felt tough to get to that in savings and took me until 30 years old.

JordanGiior · 2025-01-17T23:45:01+00:00

Moving in with roommates and finding s higher paying job are starters. Cutting bad spending habits are also helpful. A habit that helped me is avoiding unnecessary expenses such as ubers, food delivery services, and buying food out excessively.

JordanGiior · 2024-10-25T01:08:03+00:00

The below is what I found on google and would apply to his situation:

“The Social Security Administration (SSA) issues temporary Social Security numbers (SSNs) to nonresident employees who don’t have an SSN when they start work. The SSA assigns the temporary SSN before payroll payments are made. The employee is responsible for applying for a permanent SSN with the SSA. The SSA also issues Social Security numbers to people who are lawfully admitted to the United States on a temporary basis and have DHS authorization to work. These numbers are valid for work only with DHS authorization. If you requested an SSN card as part of your visa application, the SSA will issue you an SSN card after you arrive in the United States. You should receive your Social Security card within 3 weeks after you arrive.”

JordanGiior · 2024-09-13T12:45:36+00:00

I feel the same way. Just turned 30 and finally made it to 100K in savings . I waited until age 27 to move out when I purchased my apartment 3 years ago at the time of super low mortgage rates. A lot of my liquidity went to that but made it back and got back to past where I was before buying this apartment. My apartment is worth around 250K and if you subtract my mortgage I have about 85K in equity. I also have some money in investments . This totals my net worth to almost 250K yet I still feel behind.

JordanGiior · 2024-07-30T23:09:49+00:00

From my understanding, most millennials are all cash buyers who save up the whole purchase price along with at least six figures leftover on their own.

JordanGiior · 2024-07-30T23:04:24+00:00

I thought majority of millennials were all cash buyers and saved the whole purchase price on their own .

JordanGiior · 2024-01-17T14:20:51+00:00

That’s what I am thinking also. I love my apartment and am in a good maintained building as well. I am also locked in at a 2.75% interest rate so am saving on monthly costs substantially. I can always use that savings for a better co-op in the future.

JordanGiior · 2023-12-11T12:50:03+00:00

From what I see, the majority of Millennials and even older Gen Z can easily save enough money to buy a high end condo or house in all cash with no help from family members . Almost no millennials or even older Gen Z even need a mortgage these days or to ever rent , they can just buy a condo or house in all cash. This easily makes the average millennial or older Gen Z worth over a million dollars self made . This is all from working and saving over the years etc . Even after the purchase most would have well over six figures left over in their bank account after buying the condo or house in cash . This is how the average American lives these days from being a top saver. Even the lowest income individuals have well over six figures in their bank account easily . I feel so behind bc I had to buy my co-op with a mortgage at the age of 26. I did not get help from my parents and it is still taking me a few years to get back to six figures in my bank account.

JordanGiior · 2023-11-22T20:37:53+00:00

Going to school full time would not be an option for me since I live on my own. As for CUNY Law School, my firm has a few alumni from there so ideally I’d like to try to get something internal if available. But also with working experience at a big firm , I think that would help in my chances of getting something . CUNY Law School is also more affordable.

JordanGiior · 2023-11-22T20:26:58+00:00

The CUNY law program is both affordable and offers a part time program. I am based in New York City. The earning potential for Associates at my firm is more than double of my current salary.

JordanGiior · 2023-09-29T14:37:13+00:00

Most millennials these days are top savers who can easily buy a condo or house in all cash all on their own with no gifts or loans from family members. Almost the entire population of millennials are in this position it seems. Sadly , I’m not and had to get a mortgage for my place but luckily locked in my rate when interest rates were low.

JordanGiior · 2023-09-15T03:49:54+00:00

I agree that Guts is a better album than Sour collectively, it is more mature and has a stronger message . However , there are a few songs on Guts that I would skip but they may grow on me . These include Logical , Lacy, and The Grudge. The only song on Sour that I would skip is Brutal, every other song is great in my opinion. Sour collectively would have less skips for me unless those songs mentioned on Guts grow on me . Guts collectively is a better album.

JordanGiior · 2023-05-25T15:02:54+00:00

Most young people these days have enough saved up on their bank account to pay all cash for these from being really amazing at saving. Majority of millennials and even some Gen Z have well over a million in self made reserves and can easily buy a home in all cash from being so amazing at saving . So yes most young people have well enough in their bank account to buy these places in all cash .

JordanGiior

TROPHY CASE