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Money and Finances
Reply to "Being lower middle class and living well"
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[quote=Anonymous]So, I was a lot like OP in my twenties. I probably made $28k per year and saved half of that. Got married 4 years later to a simarily frugal DH. We saved one salary and lived off another--over these years our HHI increased from $80k to $160k. Then we had kids. Net worth was probably $500k at this point. By the time kid 2 came along, I decided to SAH. Lived off one salary for 3.5 years--$110k. Contributed only 10-15% towards savings and added kid #3. Networth now around $1.2 mil now (35 years old). We haven't saved aggressively in years and live comfortably now. My advice to OP is to get in the market. While I spent my twenties penny-pinching, I dedicated an equal amount of time learning how to manage my savings. Learn everything you can about low cost investments and get into real estate. At year 9 of marriage, we've owned 4 different primary residences plus two rentals. Save with a purpose and goal. Otherwise, you just end up being cheap, not smart.[/quote]
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