How do you get through life without getting cucked financially?

I

Trust

Financial

Advice

From

People

Who

Use

The

Word

Cuck

Out

Of

Context

Because

I

Would

Also

Get

Life

Planning

Advice

From

Gum

Wrappers.

Dumbass

im in burgerland not gravy boat europe

You spread your wealth across the asset classes. This means commodities, stocks, bonds, property and cash as well. At any point in time, some will do well, some will do badly.
Then you just buy low, sell high a couple of times a year.

Cars are only like 800-1000 cash, it's the insurance that's fucking retarded expensive, especially without a black box recorder.
Also just live at home and pay them ~250 a month cash, save the rest of your money and put most of it into a Vanguard investment account every month. Every ~6 months, buy a 1oz bar of gold using the leftovers and keep them away for 50 years

We're in an INSANE property bubble right now, prices are fucking stupidly high, so i'm also waiting for another 2008-style crash within a few years then i'll get some land, and maybe a cheap 2 bedroom flat purely to let out while still living at home

for simple numbers lets look at 150K borrowed over 30 years at 5%.
Monthly payment (not including taxes, ins, PMI, etc)=$805/mo
total payments=$290,000
total interest paid=$140,000

You end up paying almost double the purchase cost. Thats with a decent interest rate, it gets far worse if you add a few percentage points to it.
If you saved up instead of buying, it would take about 15 years to buy outright with cash. (not factoring any ROI you might earn off the saved funds)
And obviously you have the expense of paying for housing/rent while saving up.
But if you have to pay PMI, or more than 5% interest, you are probably better off saving than taking out a 30yr mortgage

tfw 836 good goy score
I've never even had a fucking credit card lmao

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Investing the majority of your wealth is retarded, especially at low incomes. You need to save it until you have a comfortable cushion to use in times of need. And I mean actual hardship, not gay fucking material consumerist purchases. Someone making only a few hundred dollars a week should be banking as much as possible, spending only on food and gas, and maybe, maybe, a hundred dollars a month for entertainment. I'm assuming you still live at home.
Once you make more money, you can think about investing where the financial risk isn't as severe. I've seen guys making six figures piss away money on stocks because they have small brains, don't do it until you actually know what to do.

Vanguard is solid though, it's quite slow but just enough to beat out inflation, which is what happens if you only bank it

yes goy
spend 50 years paying rent and end up asset...cough i mean debt free

it's all fucked now though, there's no way they can keep this up without interest rate rise soon, especially with an economy built on sand like ours. Better to wait a bit longer

credit scores is raciss

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also, stay single and save your money.

Mortgages are fine, just try to put as much down as possible, get a fixed interest rate, and don't buy new construction. Building equity is a great idea. Never come here for financial advice

1) Religiously save 10%+ of your income, whether that's $10,000, $100,000 or $100,000

2) Don't fall for the marriage or kids memes

That's it. That's literally all you have to do.