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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I make $50k after 25 years of working. Lifestyle creep never happened because it can't happen living on $50k in DC.
I invested $1000 a month since 2007. You can only imagine how much money it is now. Even $500 a month would be quite good.
I will never know why people, who make a lot more than I do, not have their money make money. Not sure why go for bigger house, car or private school first and then, most never make it to investments.
[/quote]
? do you have kids? Mortgage?

How do you save $1000 per month on $50k per year. Can you breakdown your expenses?[/quote]

+1, people like this always wind up revealing something like "oh I live in a house I inherited and only have to pay property taxes."

If you have zero generational wealth, some loans from college (even modest ones), and any aspiration of having children, you can't just invest half of your income, even if you keep your housing expenses as low as possible and never go out. It costs money to get started in life, and even a lot of your savings wind up being needed for basic expenses. I remember in my 20s when I was making 50k, I'd have to use savings to pay for things like basic Ikea furniture, work appropriate clothes, a car to get to work, etc. Because most of my income was going straight to rent, food, and paying off my student loans. I'd save what was left over, but it's not like I was amassing a huge amount to invest. I really wasn't able to start investing or have money to play around with in that way until my 30s, and even then, though my income was higher, that money was going to down payment on a house and saving money to have kids. [/quote]

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