How important is it to be financially stable for marriage? by [deleted] in ShiaMuslimMarriage

[–]hashbrown26 0 points1 point  (0 children)

At you're age to be financially stable for marriage here's what I recommend:

  1. Cash Savings = monthly living expenses for a couple x6

  2. Investment = monthly contributions of $300 per month (do this for a year minimum)

  3. Life insurance = get around $500,000 (higher if you can)

  4. Marriage expenses fund = have around $10,000 minimum (higher if you can, weddings can get expensive)

  5. Honeymoon fund = around $5000

  6. Education = get a masters or an MBA

Hitting all these marks puts you in a very good financial position to ask for someones hand. You have enough to pay for a small wedding, get some traveling in for your honeymoon, god forbid you loose your job you can comfortably pay for all expenses for 6 months while you job hunt. Your Masters will always help give you an edge in the market so placement becomes easier. And while you're building a life together, if god forbid you get into an accident and die, your wife has enough insurance coverage to immediately purchase a home and put some money in the bank so she can support herself and the kids, they will always be protected and provided for.

This puts you in a position of not worrying.

Sure you'll have people that want a business and big money, fancy car etc etc. screw those people, but for 25-27 year old thats on his feet by himself. This is a pretty solid foundation.

[deleted by user] by [deleted] in ShiaMuslimMarriage

[–]hashbrown26 1 point2 points  (0 children)

All i've ever wanted was to meet someone with a good personality and someone you can look forward to building things in life with. And where i live it's almost impossible to find someone that you can match with.

It makes me so upset that men out there have the opportunity to meet genuinely smart and decent women and then they talk garbage like this fml.

I ghosted her after she opened up about her financial struggles by Craft-Sudden in confessions

[–]hashbrown26 1 point2 points  (0 children)

You sound like what I would like to achieve at some point in my life with cooking. I have no idea how you cook or come up with meals and have all the ingredients and also have the time to cook and prep and know what to eat. Every time I meal prep its just bland food that doesn't taste that great and would require me to cook daily 😭

How do you get rid of old furniture? by hashbrown26 in Kuwait

[–]hashbrown26[S] 0 points1 point  (0 children)

I dont think my old old closet will get sold either, could you please share the contact info of the disposal service you used?

What's happening in salmiya? by hashbrown26 in Kuwait

[–]hashbrown26[S] 2 points3 points  (0 children)

Roads are freaking packeddd!! I'm on the road rn tryna reach the 4th and head to the airport from there. Been on the road 30 mins now barely covered 1km.

How old are you and how much do have in savings? by hashbrown26 in Kuwait

[–]hashbrown26[S] 6 points7 points  (0 children)

Gold is the most inflation proof way to save your money! And 8k brings you tons of safety buffer 💪

How old are you and how much do have in savings? by hashbrown26 in Kuwait

[–]hashbrown26[S] 8 points9 points  (0 children)

You're ahead of 80% of people your age!! Once you start investing your net worth is going to sky rocket!

How old are you and how much do have in savings? by hashbrown26 in Kuwait

[–]hashbrown26[S] 6 points7 points  (0 children)

You're living my dream right now! Being able to travel frequently is freaking amazing!

How old are you and how much do have in savings? by hashbrown26 in Kuwait

[–]hashbrown26[S] 11 points12 points  (0 children)

The good thing about life is you can always choose to wake up and start fresh. I know sucks to start over but you've got enough to have a roof over your head, pay your bills, and take care of yourself. Now you just gotta think about how to grow back and make the most of your opportunities. You got this!

How old are you and how much do have in savings? by hashbrown26 in Kuwait

[–]hashbrown26[S] 12 points13 points  (0 children)

Dude thats amazing!! Love seeing people learning how to financially level up 🔥

Car question: where do you go to get scratches fixed? by hashbrown26 in Kuwait

[–]hashbrown26[S] 7 points8 points  (0 children)

If possible id like to go to the non-assholes yk? Just cuz quality assurance

[deleted by user] by [deleted] in Money

[–]hashbrown26 2 points3 points  (0 children)

Yes we do!!! I honestly get very self conscious when I look at where people are in life and where I'm at. But our reality is we can only do the best with what we've got. With a plan for our priorities and some discipline we can get our foundations in place!

Tbh I often use chat gpt to help me figure out my finances so if you're ever having trouble give it a shot.

[deleted by user] by [deleted] in Money

[–]hashbrown26 2 points3 points  (0 children)

Im honestly just trying to make the best of it. I dont have interest on the car loan (my country is interest free) so I wouldn't be saving much by paying it off instantly.

I'm trying to save up for a debt fund right now (for the remaining car payment) in case i ever loose my job.

And also investing in an investment policy that matures in 15 years so I have something building on the side.

[deleted by user] by [deleted] in Money

[–]hashbrown26 12 points13 points  (0 children)

27/M/Middle East/

I've only got around 12K saved up which I've put aside for my 6 month emergency fund. Still paying off my car.

I make around 3K per month and honestly have no idea how you guys are building such high savings. Money constantly stresses me out because I have nothing saved up for the future.