I saved $20,000 in 5 months through sheer luck, not because I had a great strategy - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

'Any narrative that suggests that folks can save tens of thousands of dollars if they're savvy enough, or frugal enough, or responsible enough is a lie' writes BlkGrlBrilliant

Nevertheless, I was offered a salary of $77,000, and during negotiations, I pressed my luck further and asked for $90,000 knowing that they wouldn't go that high. They countered with an $82,000 salary plus a signing bonus of $8,000, which I didn't even know was an option on the table. Again: luck. My bonus was supposed to be included in my first paycheck once I officially start next month, but I asked if they could give it to me ahead of schedule, and once more, luckily, they said yes.

Thousands of dollars in expenses — rent, groceries, internet, electricity, gas — evaporated or steeply diminished overnight. The CARES Act put my monthly student loan payments into forbearance, so now I don't have to pay until the fall. It also provided me with a one-time economic stimulus check of $1,200.

You shouldn't have to be lucky to become financially stable. Hard work should be enough, but it's not. The fact that that's the case is a damning reflection of the myth of American meritocracy, and underscores that we need to change how we value, pay, and support workers in all professions. The system is rigged to make the rich richer and the poor poorer. The majority of American workers are employed by companies that use a traditional capitalist model of labor, under which CEOs and executives make millions, if not billions, while paying warehouse stockers, grocery store clerks, and waiters less than $15 an hour.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

BlkGrlBrilliant “Any narrative” “System is rigged” No thanks

BlkGrlBrilliant It’s not a lie though, when you have a saving goal and proper planning, saving is swifter

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the path to Dun & Bradstreet's $1.7 billion IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check out our article of a SoftBank company IPO tomorrow
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Montenegro's Aman Sveti Stefan, where the rich vacation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. For each virus headline, two more virus headlines grow. COVID19 is like the mythical monster Hydra. i stayed here back in 2018, it is amazing and worth every penny!!! 🥰🥰
Source: BusinessInsider - 🏆 729. / 51 Read more »

Sweden opens inquiry into failure of no-lockdown coronavirus strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It's not a failure. Sweden has a sane strategy but why did the rest of the world abandon sanity and science? Everyone was telling them.
Source: BusinessInsider - 🏆 729. / 51 Read more »

If you've lost your 401(k) match, consider saving in an IRA first - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

CARES Act, stimulus checks have saved 12 million from poverty, boosted economy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. There is no such thing as 'free money'. Our grandchildren and theirs will be paying on this debt for decades. Sadly, too many people are becoming dependent on the federal government. We should be dependent on our own abilities and our friends and family. Poverty is expensive af. Not just for those living in it, but the economy as a whole. It only makes sense to raise the floor for all and provide a UBI.
Source: BusinessInsider - 🏆 729. / 51 Read more »