say you take a 20 year old...
 

and he tell you how much he has saved up in his bank account


how much $ (for a 20 year old) in his bank account impress you? say that this 20 year old has been successful?

plz answer as honestly as possible, thanx!

why would you tell how much you saved in your bank account? That's plain stupid.

Keep those things for yourself, why impress the chick she will hunt your money only.

... I'd hit it !!!

Average 20 year old, a large negative balance on credit cards with maybe under 200.00 in his checking/savings.
Typical self employed 20 year old, some money owed in credit but maybe 5-10k checking/savings.
Successfull 20 year old, no credit balances past 28 days, and next to nothing in a savings account and 10k in checking. Rest put elsewhere to earn real returns.

P.S. none would really impress me, as how much someone else has really means jack shit to me.

whoa, dude you are totally not understanding the purposs of my question...

nobody is flashing money to nobody here...

it's a simple hypothetical question


and I am not even talking about myself, I am talking about the population of 20 year olds...

i don't trust no banks nor coppars.

I agree, don't share your worth. Only gets you in trouble.

The only thing that matters is whether or not you think you're successful.

at 20 i had no debts and around 20k in savings. I knew quite a few people who had more

If a typical 20 year old has $5k I would be surprised.

Most kids in my college don't have $5 from my conversations with them. So far I am the only one that has really anything- but I consider myself not part of the average group.

avg 20 yr old to be impressed = 10k in liquid assets

In Israel the average 20 year old would probably have around $1k or so...maybe less... depends on what he has been able to earn during high school or whatever he's got as a gift from parents or whoever...
basically most people go to the army right after high school and aren't making any money during this period...

In Poland even less

2 types of "average 20 year olds"

-in school and funded by mommy and daddy
=average savings maybe $500-1000 or whatever their monthly allowance is

-in school with student loans and/or part time job
=average savings maybe $1000-2000, more in the summer when they work and save up for the coming school year

Guess me and you are not in this statistics :)

:banana :GFYBand

that was deep :thumbsup

you're not too far from it bro :)

me, i still got a little while to wait...

:1orglaugh :1orglaugh :1orglaugh

Yep. Your average 20yo has nothing, and doesn't have credit cards either. Some may be working their way through college so they only have enough to pay for the next semester so that will be gone soon enough. A fairly successful 20yo, such as the ones in this biz, could have a shitload.

Aight sorry for the confusing :upsidedow

Well said, you are the first one that comes up with the correct answer :thumbsup

said the guy who makes $7K/mo recurring

In that age, I know many who managed to rack up credit card debts into the thousands. also know many who make more than their parents.

$15k probably. It just means he actually worked and didn't waste his money in the past few years.

assuming he/she still lives with his/her parents.

I am that age and have around 2k credit card debts. Anyone with 10 or 20k in the bank would impress me.

20- $10
25 -$15
30- $40
40- $5 mid life crisis

Are you talking about millions?

a 20 year old with any $ saved up is a diamond in the rough.

money saved up is nothing ,how much are you making a month ? you should be making at least $2500 / month at 20 if you hope one day to be very succesfull


anything above $7500 should be considered succesfull :)

i'd say an average (not self employed) 20 year old having $750 in a savings account would impress me.

At 20 I was broke as fuck

You obviously have never been 20.

<------@ 20 - student loans

If a 20 yr old has 5k in the bank i'd be impress! I sure as shit didn't 5k when i was that age!!

an impressive 20 yr old would be about a junior in an accredited university working towards an engineering degree, and be strapped with student loans.

he/she would have little or no spendable cash.

Same here.

I agree. Ditto

LOL - thats about right for how much a 20 year old has saved up

You need to clarify successful a bit more, 20yo in school will have no cash, those that arent in school and working might have 5-10K saved up, and finding one thats in school and working, and not simply working to pay for school, is the rarest find.

Again, you need to clarify successful, I mean a kid earning good grades and setting himself up for a career would be successful, but would have no cash, likewise a kid with 5-10K in the bank, but no real career prospects or room for advancement making $3-5K/mo now isnt successful, because charting out the next 5-10 years of their life its obvious who would end up on top. (All things being equal of course).

It's completely relative. :thumbsup

10k would impress me..

but this depends.. does this 20yo go to college or no?

Average is probably 500 bucks ...

20 years olds are poor and generally useless. Luckily I am 21 and was never even close to broke, gotta love porn peddling.

not smart to tell people how much money you have. let people think what they want.


:thumbsup

Money is relative

I can tell you how much I had when I was 20 but it won't impress you.

broooo! It's been soo loongg!!

how you been bro?

A 20 year old?..... I'd be impressed if they bought a home of any size at that age.

a 20 year old with 100g's is impresive to me...