how much money does the average 20-21 year old have? - Page 3

Some of them do some of them don't. However, I find it a bit hard to believe everybody's friends/majority of their friends are of the above. I go to a state school in a very urban and poor area, so I feel rather qualified to say that. And even those who do get educational loans, in which case they can pay back over x amount of years and are not nearly as thrifty. Even going to a state school with a high percentage of minorities and low income families, I see less than 1% of the people as you describe. Their parents help them out the majority of the time, and it is due to irresponsible spending that leads to that.

I come from a rather ghetto area and still do not experience that much, I'm very surprised if other people find it otherwise.

Edit: I do not mean to sound offensive in any way and realize I am fortunate enough to get help from my parents, but from my experience it was very rare for someone to have to pay for everything without any support at all. I take out a large amount in loans every year and the excess 2-3k me or my parents pay every semester. That is what I felt most people's situations were. Those who didn't have money are those who don't have a job, and thus have no money. Those who have a job usually have money.

You have to understand that alot of middle-class teenagers do not work full time. Instead, they get money from their parents to go to school, while they work like 20 hours a week. 20 x 10 = $200 a week...which is usually gone on one Saturday.

Teens simply do not save money

06-13-2007 , 02:49 AM

#53

xxGreat1xx

adept

Join Date: May 2007 Posts: 1,050

no i dont. I just got on here a few weeks ago. But I still know that the avg 20 year old on 2p2 has alot more money than a regular 20 year old student. Guaranteed

06-13-2007 , 04:46 AM

#54

ThaHero

Pooh-Bah

Join Date: Feb 2005 Posts: 3,791

Quote:

no i dont. I just got on here a few weeks ago. But I still know that the avg 20 year old on 2p2 has alot more money than a regular 20 year old student. Guaranteed

How exactly do you know this? Especially considering you've only been on here a few weeks...

06-13-2007 , 09:13 AM

#55

xxGreat1xx

adept

Join Date: May 2007 Posts: 1,050

b/c i know how much money the avg 20 year old has and if you are playing poker online you obviously have more money to blow then someone who doesn't. Most 20 year olds are making 10k a year and paying rent and bills and car payments and all that junk. If you are on here posting all the time and playing online poker you prob aren't working or at least not that much. I play micro limits and have like a 600 roll online. Not many 20 year olds just have 600 bucks to throw away. I dont "know" that the kids on here have tons of money but i would bet it is more than an avg if you sampled 10000 kids across the country.

06-13-2007 , 09:44 AM

#56

jws43yale

veteran

Join Date: Feb 2006 Posts: 3,193

The average 20 year old will basically have nothing they earned themselves. I had a lawn mowing busniess for 6 years with a partner in high school and while I put away $7k, he spent pretty much everything. Not many teenagers and college kids are savers. I luckily get some money from my parents, but I try to save as much as possible from summer jobs. Most of my friend plan on spending the $4-5k they make over the summer within the first semester of school.

06-13-2007 , 04:39 PM

#57

godofgamblers

adept

Join Date: Jun 2005 Posts: 1,106

I feel the majority of the people who get a fulltime job in the summer and save (i.e. non poker players) and work part time jobs during the school year make more money than most poker players. My few poker playing friends here feel like the money from poker can easily be won back, and they didn't work for it, so spend it a lot easier. Plus they are not very good in the first place, so the first downswing that comes kills them. 4-5k in the summer, plus about 600 a month for the other 9 months in school comes out to almost 10k. Most poker players do not make that much.

06-13-2007 , 07:13 PM

#58

ImsaKidd

CHOO CHOO

Join Date: Aug 2005 Posts: 20,758

Quote:

Not many teenagers and college kids are savers.

This is true of a large part of the population, but might be more true of the college age kids because they dont have a husband/wife or kids to support.

In general, people are stupid.

06-14-2007 , 12:59 AM

#59

hlacheen

adept

Join Date: May 2006 Posts: 1,051

I've been a somewhat compulsive saver since I was 14.

It's only after poker that I've been able to loosen up a bit a actually spend money.

06-14-2007 , 02:22 AM

#60

Goodnews

adept

Join Date: Dec 2004 Posts: 1,052

-1800 in credit card bills
-20k in student loans
+700 online
a few bucks in my savings/checking accounts

im on the edge, but thats how you know you are alive baby.

06-14-2007 , 08:52 PM

#61

Big Poppa Smurf

Pooh-Bah

Join Date: Dec 2005 Posts: 4,013

Man I wish I'd been smart enough to save some of my pokering monbies, it's hard to save cash though when you feel like you're printing it just sitting at a computer.

06-16-2007 , 04:47 AM

#62

cking

2008 WCOOP ME Champ

Join Date: Sep 2006 Posts: 5,196

Quote:

You really don't understand how many people here are busto do you?

None of them are going to post are they? Only the attention-whoring ballas are going to post about their awesome 20k bankrolls.

lol at 20k bankroll being baller...

sorry i do have to brag, before poker i guarentee no one knows a college student poorer then I was.

06-17-2007 , 05:21 AM

#63

lennytheduck

old hand

Join Date: Oct 2004 Posts: 1,925

Negative monies for sure.

06-17-2007 , 04:43 PM

#64

cardsharkk04

Pooh-Bah

Join Date: Mar 2005 Posts: 4,945

Almost all of my friends have at least a couple grand saved up, with the remaining ones being very close to broke

06-17-2007 , 05:46 PM

#65

GrandMelon

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 7,734

Quote:

Man I wish I'd been smart enough to save some of my pokering monbies, it's hard to save cash though when you feel like you're printing it just sitting at a computer.

qft

06-17-2007 , 07:42 PM

#66

Kloonike

grinder

Join Date: Jun 2007 Posts: 448

Started with poker 4 months ago, lost about $2500-$3000. Now I have about $200 roll which I'm trying to build up (grinding NL10 LOL!) and a about $500 on my bank account. That really sucks because I havent worked a single day in my life (speaking about 'real jobs') and all my income is from advertisement/selling virtual gold on my website. Unfortunately my "business" is going poorly and I want to start playing poker full time (dropped out of school recently). Since I'm from a poor country called Estonia, most of the "my age" people I know are broke. The jobs arent paying enough ($750 a MONTH on average i guess, maybe even less).

Btw, I need a poker coach. If you think you can make me a winner that can live off by just playing poker, I will give you 20% of my winnings for 12 months (since i dont have any money to pay for coaching right now). PM if interested.

06-17-2007 , 09:18 PM

#67

calm

banned

Join Date: Jul 2006 Posts: 2,087

Quote:

selling virtual gold on my website

WTF? Pls explain...

06-17-2007 , 11:13 PM

#68

cata1yst

grinder

Join Date: Feb 2006 Posts: 520

Quote:

Started with poker 4 months ago, lost about $2500-$3000...and I want to start playing poker full time (dropped out of school recently).

Go back to school and get a job. It doesn't look like poker will be a full time job for you.

06-18-2007 , 02:47 AM

#69

Kloonike

grinder

Join Date: Jun 2007 Posts: 448

cata1yst, why not? After a lot of studying I could very likely have success. I don't need to get a job right now anyway. And I like to live by my dreams

06-18-2007 , 03:33 AM

#70

jman3232

centurion

Join Date: Feb 2007 Posts: 189

this is what we like to call a liar

06-18-2007 , 07:55 AM

#71

Kloonike

grinder

Join Date: Jun 2007 Posts: 448

How does working towards my goal and dream make me a liar? Don't you have anything in your life to look forward to?

Cheers

06-18-2007 , 02:50 PM

#72

yteba

journeyman

Join Date: May 2007 Posts: 341

Quote:

I'm guessing my 20 yr old friends have about 3-5k on average saved up. Some have alot more, some alot less

im 23, 97 dollars in savings

if im not homeless in a few months it is because I found grace in the eyes of the Lord...

The landlord?

06-25-2007 , 11:30 PM

#73

Tokyo!!

Carpal \'Tunnel

Join Date: Jun 2005 Posts: 11,154

i'd so be busto if it werent for poker

06-26-2007 , 03:47 AM

#74

Yoshi63

old hand

Join Date: Jan 2007 Posts: 1,940

Quote:

i'd so be busto if it werent for casinos

qft

06-26-2007 , 03:52 AM

#75

bruin

veteran

Join Date: Jun 2005 Posts: 3,100

Quote:

Not many teenagers and college kids are savers.

This is true of a large part of the population, but might be more true of the college age kids because they dont have a husband/wife or kids to support.

In general, people are stupid.

Yeah, 'cuz net worth is always a measure of how smart you are.

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