Are people exaggerating with their savings? I live in Los Angeles, make 70k , I’m 30-years-old, but cannot save more than 300 a month and only have 20k saved due to school debt and general life expenses.
The first tip I would give to you is do not worry about other people’s savings.I understand that it’s important to have some sort of benchmark to compare yourself against, but everyone’s situation is different.Secondly, I would take a deep dive into your cash flow situation to really pinpoint if/where there is extra cash flow that you can create. Have you heard of the Cash Flow Index system to prioritize debt repayments? If not, google it!Once you fully understand your cash flow situation, the reality may be that there is little to no cash left over after essential expenses and loan repayments.That is okay, and normal for someone living in a major metropolis such as Los Angeles.Finally, while sticking to a disciplined cash flow plan, your main focus should now be on increasing your income (if you can’t decrease your expenses). This could be approaching your employer for a raise, taking on a part-time job, or starting a side-hustle business.Even if you are able to bring in an extra ~$500 per month, this amounts to $6,000 a year, almost reaching 10% of your gross pay.
Can a single mom with 2 kids live life comfortably in Canada? Can she provide a good living for herself and 2 kids with just her earnings?
It would depend on your job, how much you have in savings, what part of Canada you lived in, what kind of lifestyle you want for you and your kids and so on.According to the Canadians Womens Foundation, 21% of single mothers live in poverty, [1] which means they earn less then $30,000 a year. Being an immigrant makes it even more likely you will live in poverty as, depending on your area of work, you may have a hard time finding a job. Being part of a racial or ethnic minority can also make it even harder because you may face racism as well. On the flip side, if 21% of single mothers live in poverty, that means the majority do not live in poverty. Where you would fall depends on your specific personal circumstances.You are not doomed to be poor if you are a single mother, and Canada is regularly ranked as one of the best places in the world to be a women, and as one of the best places to live. It is a very safe country, has a serviceable social safety net, excellent education and a high standard of living.[2]If you find yourself in financial difficulty there are various government and community run programs designed to support single parents, which ones you and your children would qualify for though would depend on your personal circumstances.I would suggest, if you are not from Canada and are considering immigrating here to look and see how much it costs to raise a child in the specific part Canada you want to live. Look at the job prospects and see how you much you would earn, look and see what government supports are in place, look at and compare different parts of Canada for living expenses. Consider what expenses you will have. Are you hoping to buy a home or rent? Do you need a car or public transport? How much will you spend on groceries? Will you need to pay for daycare or babysitting? Do you need to buy a whole new wardrobe of winter clothes?Kids are expensive and it takes a lot of time and effort to raise them well. Doing all that on your own will require you to work very, very hard, both at your job so you have enough money, and at raising the kids, since you wont have support from a spouse. Being a single mother is definitely hard and rewarding work.Footnotes[1] The Facts About Women and Poverty[2] The Best Country in the World? Survey Says It’s Switzerland
Is it possible for a young guy to make $10,000+/day, trading forex?
The forex business sector offers more open door for quick budgetary achievement – and money related ruin – than whatever other business sector. The get-rich group has dependably been pulled in to it. This group incorporates examiners, exchanging beginners, retirees, and experts searching for an approach to escape obligation, build the fervor in their lives, or just get rich truly quick. These are the general population who you will be detracting cash from. These are the general population who will be eaten by the bear. You don't need to surpass the bear (the whole market). Truth be told, that is unthinkable. You can't beat the whole market. Those of you who attempt will catch on quickly that the business sector has no leniency, can surpass anybody, and demonstrates no kindness. I need to show you how to run quicker than alternate dealers. The Four Groups There are four gatherings in the forex business sector. There are the learner dealers – the greenies, the ones who attempt to beat the bear and lose without fail. Notwithstanding the amateur merchants, there are three different levels of interest in the forex business sector: the merchants, the institutional brokers, and the propelled dealers. The merchants are the most capable and they make the business sector, setting costs and assembling arrangements. The institutional merchants work in banks, wire firms, or government offices. They exchange immense measures of cash at once, and the span of their exchanges gives them colossal force. Next, there are the propelled dealers. This gathering is involved individuals from the whole way across the world, sitting in littler venture firms, workplaces, or even their homes. You can be a piece of this gathering. At times, the propelled brokers are the most astute gathering – exchange for exchange – than some other gathering. Since they don't move a great deal of cash on every exchange, they don't have as much power as the institutional players. Since their exchanges are facilitated by the merchants, they'll never have total exchanging force. In any case, on the grounds that there are such a variety of amateur brokers – the propelled dealers have a lot of individuals that they can surpass. Your objective as a forex financial specialist is to forcefully take cash out of the pockets of the tenderf