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40 year olds, what financial advice would you have for a 30 year old? (sh.itjust.works)
submitted 1 month ago by to c/asklemmy@lemmy.ml
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50 and older, I'm sorry, but in my personal experience, your advice has been a little out of date.

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[โ€“] 4 points 1 month ago (3 children)

Just save your money as much as you can, dont suffer but live in the studio until you're ready to buy a house. The car and the two bedroom and all that shit just keeps you perpetually a decade away from buying a home.

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  • [โ€“] 2 points 1 month ago (2 children)

    That's funny because I live in a shared house which has 8 bedrooms but only 1 kitchen. Even if I worked 40 hours a week I couldn't afford a studio in my city. New Zealand rentals are unaffordable, here I'd need to have a professional job and be married just to rent a 1 bedroom apartment with almost no space.

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  • [โ€“] 1 point 1 month ago (1 child)

    im in the US but yeah i moved halfway across the country to go to a lower cost of living because I just couldn't make it work in a HCOL area like you're describing. I mean, im just way happier now but i understand that NZ is a smallish country where you can't just find a lower cost of living area further away.

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  • [โ€“] 2 points 1 month ago

    True. I've looked for rentals further south of me but it's the end of the world at the bottom of New Zealand. Every time a "cheaper area" pops up in the news, everybody from Auckland floods the new "cheaper area" and it ends up like everywhere else after 1-2 years (more pressure on house prices).

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