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Reply to "Singel parent on $228K income"
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[quote=Anonymous]If OP is 50 years old with this income and doesn't own a home, I think that is telling about his or her priorities and spending habits. Its likely his or her rent has increased dramatically over the past few years. Prices have increased a lot - I get it! But the time to start prioritize saving and building wealth through savings and homeownership was years ago. Sadly if OP buys a home now, her or she won't own it outright until he is 80. As I've read often on DCUM - you have to pay yourself first. When that paycheck comes in, you have to figure out a way to curb your spending so you routinely save at least 20% of your savings, on top of other savings like retirement savings. If OP hasn't started a budget, the time is now. [/quote]
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