Is $25,000 a good amount for a 27 year old to have saved up in life?

[Anonymous]

i have $25,000 save up i plan to save up more but right now is $25,000 a good amount for a 27 year old to have saved up?

[Anonymous]

Yes it's great, and the more you don't waste time chasing women, dating, or having a girlfriend the bigger those savings will be. Also note that seeding and tithing will make those savings increase too. I suggest you get hold of the book 'Seed Money in Action: Working the Law of Tenfold Return byJon Speller' I also recommend the book 'Prayers and Promises for Financial Breakthrough by Joan Hunter ' that's where it all really started for me.

What they never teach you is that for money to really grow, it needs to be moving because it is an energy. And there is a supernatural to it's natural component. Once you understand this you can grow that even more. For example, once my friend learned this they started to seed and do tithing each month based on scripture. Just the other day they received $10'000 from a tax rebate, were told by the bank that they have an account they hadn't used for many years with money in it, and they also found more money in their savings than expected. They have also been contacted by business saying they were owed money. The list goes on. You are taught to hold onto money, to be tight fisted, to save every dollar, not to share... but the opposite is how you truly become prosperous. Unattachment, generosity and understanding where money truly comes from... God. You also need to remove your consent from the Bank Of Satan as well. Then you can operate under the Bank Of God's system which is limitless and does not follow the same rules.

[Asker]

seed money is a sca,,

[Opinion Owner]

I will be sure to pass that information on to my friend that now has an interest free mortgage (saving $75'000), a new home, cancelled credit card debt, new job (without the aptitude testing), and more money while helping many in the process. Even the Taxi service she ordered came up so much cheaper they accused her of messing with the system. The list goes on. But this is our problem, the knowledge is right there but our mind is closed.

My people perish for lack of knowledge (Hosea 4:6)

I admit, I also initially thought it was a scam too though.

Good luck and God bless.

[Opinion Owner]

Just a note to add to what I already said. I've also been tithing and seeding and due to helping a friend with prayer and seeding with their Tax rebate (they seeded $11.10 to Joan Hunters Ministery). After they received their tax rebate of $11'000 (originally it was $10'000) they gifted me $1500. That's not the only money I've received since giving / seeding and tithing though. I also got 50% discounts for the first time in 7 years on breakdown recovery, people have offered to do small jobs for free and much more.

[HighValue]

Yeah, it's good. The majority of people, even the ones with good salaries don't have more than $1,000 saved.

Do you have debts too? Like credit card debt, car loans, student loans, etc?

That matters almost as much as the amount of money saved. If you have $25k saved and no debt you are doing fantastic.

Average Americans have $92k in debt. 80% have at least $5k in credit card debt or more. Average is $38k in debt not counting mortgage.

[Asker]

i have never had a credit card i dont drive yet & i a have no student loans

[HighValue]

You don't drive at 27?
How do you manage to function in life then?

[Asker]

a take a bus to work or a store

plus i stay home a lot

[HighValue]

Well, good job on staying out of debt. "A penny saved is a penny earned," is actually an accurate statement.

[dustybiker]

I’d say you are exceeding most. Good for you.

[MTC29]

Good work. Now, go out and invest that money, and keep adding to it. When I got my first job, I started with $5000 and continued adding $100 per month to it. When I retired 30 years later that one account contained over $100,000.

Start an investment plan and stick with it. You'll be amazed at how fast time passes.

[LiamSawyer]

By 27 you should have enough saved up for a substantial down payment on a house and a plan to pay off the house in five years.

[Guy13]

That is enough to live off when interest rate hits 12% in next two years...

[Avicenna]

That’s pretty good, assuming you’re debt free other than a mortgage

[Likes2drive]

It’s more than I did at your age, so keep saving, hopefully you can save enough for a down payment on a house

[Anonymous]

Why do you need that much in savings?

Invest it in something.

[Asker]

i'm investing in my future

[Opinion Owner]

It may not be wise to leave that kind of money sitting around. If you put it into a house, you won't risk losing it or spending it stupidly. I bought a house putting 10k in the stock market, turning it into 20k now that house has 60k in equity.

[EnglishEuropean]

The problem with buying a house is that you don't own the house until you paid off the mortgage, which is just another liability. Investing in the stock market is basically just gambling unless you're really diversified.

[AmandaYVR]

That's fantastic, good for you. 👏

[duttyjamagyal]

Yeah that sounds good to me

[bigpauly]

Yea that’s a great amount.

[Fuentes]

It's something

[Anonymous]

how did you save? im 26 with 0 savings

[888theGreat]

is it in silver?