Reply to Why is saving so hard for most normal people?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I get a dopamine rush every time I check my net worth and it's higher than before. I'm obsessed with making more money and investing it to increase my NW. Why does the average person not care at all about this? I'm 27 and all my friends are living in the moment, not saving anything. I grew up lower middle class and I hated every single second of it, I had divorced parents and my mom made 25-40k/yr and my dad made about 90-110k/yr. I now make more than both parents combined with a net worth of 600k, which I know is considered mediocre on this site but it's infinitely better than what I grew up with. I never want to feel poor again. None of my friends are good with money and they all blow it every month, even the ones without trust funds who should be saving.[/quote]

How did you get to 600k @ 27 yo w/ 150K+ salary? Mathematically not sure how that's possible. Show us how you got there. [/quote]

I remember before kids and house payments we had a cheap rental and easily saved $50k/year. We traveled but otherwise lived like grad students and don’t own a car. If op started working at 22 without debt, had a cheap rental or roommates, was given a car by parents, it’s pretty easy to save $75k/year and over 5 years in this stock market $600k seems reasonable.

Then you buy a house and mortgage eats huge chunk of salary, then have kids, and daycare, camps, lessons, sports, maybe even private schools if you hit a pandemic… etc.  and many spouses don’t want to live like a grad student so you buy new furniture not yard sale sofas. [/quote]

Oh and to add color, I really grew up lower middle class, most years my parents made $50k combined and our home was inherited from grandparents and was worth about $70k in 2010. [/quote]

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