Seeking Alpha
  • Dividend Growth Investor
    So everyone is telling me someone in their 20s/30s cant save $3K/month.I think they are wrong. http://bit.ly/15F0YBt $KMI $KO $PM
    7/2/13
    Reply (19)
    • jmsims2: I agree with you.
      7/2/13
    • Larry Harnar: I agree as well. People have to get out of the instant gratification mode and live within their means. Make savings a priority.
      7/2/13
    • Tom in Texas: Thanks DGI, excellent article.
      7/2/13
    • Kingkang: Not realistic. Arbitrary number?
      7/3/13
    • Brodidliy1: I understand what you're saying DGI but my take home pay (as a teacher with a masters) is about 3k a month. I am able to save 5500 in my ira
      7/3/13
    • Dividend Growth Investor: The important thing is to get started my friends save what u can.A dollar saved is working for you, rather than other way around! Good luck!
      7/3/13
    • Brodidliy1: Agreed. Thanks to you and all the other authors for your insight and ideas
      7/3/13
    • kmhunt78: $3k/mo seems steep for someone just starting out. IMHO a better model would start at $1k/mo, and work up to $3 or $4k/mo.
      7/4/13
    • kmhunt78: Of course, make sure to include co match on 401k contris... that turns $1k/mo into $1.5k or more.
      7/4/13
    • buyitcheap: Ha! Totally doable... if you dial back the lattes, $15 cosmos, leased Beamer... etc...
      7/5/13
    • buyitcheap: although, there is this student loan debt thing.....
      7/5/13
    • kmhunt78: $15 lattes??? wow talk about pissing it away!
      7/5/13
    • Garthilk: Average income in my area $51000 a year. Net pay is going to be $36000 a year or $3000 a month. No food, no water, no shelter. No Problem.
      7/5/13
    • Dividend Growth Investor: So how can someone get to saving $3k/month?
      7/5/13
    • Garthilk: Saving 3k a month is impossible for the vast majority of Americans unfortunately. 3k a month is the top 10% of American's maybe the top 5%.
      7/6/13
    • Dividend Growth Investor: Average effort leads to average performance
      7/7/13
    • TheRenegade: $30, $300, $3000 ... whatever you can, start young, invest in boring dividend paying stocks and in 20 years you will have choices...
      7/8/13
    • TheRenegade: about whether to work all year or take some time off ...
      7/8/13
    • buyitcheap: Well said Renegade!!
      7/9/13