$50,000 is simultaneously a lot of money and not very much money. amirite?

Student debt put that into perspective for me real quick.

by Anonymous 2 years ago

$50K is enough to change my life but not enough to allow me to quit my job etc.

by Anonymous 2 years ago

$500,000.00 isn't enough for me to quit my job.

by Anonymous 2 years ago

It is if you change your life enough. Moving can make a huge difference.

by Anonymous 2 years ago

Winning this at a casino would be awesome. Salary? Awful.

by Anonymous 2 years ago

… awful? $50,000 salary is awful! TIL

by Anonymous 2 years ago

I mean, I wait tables and make $52K. I can't imagine what paying for a bachelor's degree would be like on $50K.

by Anonymous 2 years ago

Context is important where you are in your career and the cost of living. Here minimum wage is 15/hour and so for me 20 years into my career with a degree if i was only making 25/hour yeah that would be absolutely terrible.

by Anonymous 2 years ago

If you live in a high cost of living city, it's pretty bad 🥲

by Anonymous 2 years ago

For me. That would be a very inappropriate offer.

by Anonymous 2 years ago

I dont know how people manage to survive on such low salaries. Then again, im white and male so obviously I have tons of privilege.

by Anonymous 2 years ago

Where do I get mine? I make much less than 50k as a white male.

by Anonymous 2 years ago

You get money when you get skills.

by Anonymous 2 years ago

Someone just figured out what context is

by Anonymous 2 years ago

The key here is that 50g's has the potential to turn in to very much money

by Anonymous 2 years ago

Long term? Yeah, if you get 50k at 18 and invest it you'll be in great shape at retirement. But turning it into much money in a short period isn't very likely.

by Anonymous 2 years ago

Pfff. Yolo it all on GME, like a real man.

by Anonymous 2 years ago

I was thinking more cocaine but yeah

by Anonymous 2 years ago

Depends on where you are in life and what country. 50k usd in southeast Asia will go a long way.

by Anonymous 2 years ago

Or even someone in their mid 20s or something in the US. Maybe not a lot later in life once your established but at that stage it would be a godsend.

by Anonymous 2 years ago

My taxi driver from Vietnam told me today that you can go to Vietnam with two thousand in your pocket and live like a king. I asked him why he doesn't just save up and go and he said it's too hot and sticky. So I guess being in a cab driver in a mild climate beats being a king in a hot climate.

by Anonymous 2 years ago

live like a king… for how long?

by Anonymous 2 years ago

How many people have actually had $50K? Not assets or retirement funds, but actually cash in the bank or in hand? I'm 67 and the most money I ever had in savings was $17K back in the 80s.

by Anonymous 2 years ago

I mean, most people who want to buy a house these days are gonna need around $50k cash. Average SFH in the US is around $300k and you need 20% to be competitive in this market. And that's if you don't have to cover an appraisal gap, fix the place up or worry about furnishing jt. You could do it with less, but $50k ain't near what it used to be. I waited till I had $100k before buying in that price range cause I wanted to make sure I could afford the house, closing costs, furnishing and still have a healthy emergency fund.

by Anonymous 2 years ago

6% is the average down payment, you definitely don't need anywhere close to 50k

by Anonymous 2 years ago

I had 60k in my retirement account by 21. Not quite regular savings but that seems to count to me. Also had around 40k or so before buying a car.

by Anonymous 2 years ago

Great insight would love to hear as well!

by Anonymous 2 years ago

Geez buddy, thats rough. I sold my house last year, and the next house was cheaper so I ended up with $150k in the bank in cash.

by Anonymous 2 years ago

One in ten? Twenty? Seems like 90-95% kind of money.

by Anonymous 2 years ago

This goes for any amount of money more or less. 50k flat isn't a lot. 50k extra is.

by Anonymous 2 years ago

50k would change my life forever.

by Anonymous 2 years ago

It is the minimum my bank will loan for home purchase, and the lowest amount I would pay in interest on that $50K would earn the bank $16K over 5 years. What a scam! :0

by Anonymous 2 years ago

Would you say it's Schrodinger's Cash?

by Anonymous 2 years ago

Depending on how much you pay in rent, that could be "free rent" for 2-4 years. And 2-4 years can go by soo quickly.

by Anonymous 2 years ago