Reply to I know why Millenials can't afford houses and pay off their student loans..

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[quote=Anonymous]I am the guy that has the house -- just to be clear, I have been lucky enough to to remain employed since I finished my grad degree (22 years now).  I have not been blessed with health.

What I have seen is good economies and bad economies.  1981-1982 was a deep recession, and one that was building for years.

1987, the market dropped 22% in one day.   1991-1992, the dot bomb recession/9-11.   And then, the 2007-2009 bear market.

I do not worry about opportunity costs  I put in my 12% to 401K, 5% other investments, and paying down the mortgage.  If the market tanks, I don't care.  I just get more shares with my same money.

I have been working for 22 years in a career I love.  I have a lot of professional freedom, and internationally known, and am paid well (in my opinion).

I do not care if others are richer.  I am just trying to share the logic in what I have done -- and it has worked (for me).

Oh, I do not drive a luxury car (but a nice subaru).  I used to take nice vacations, but that money goes to keeping me alive (I hit the maximum out of pocket each year).

22 years ago, when I started working, I had $1200 to my name and a credit card with a $2500 limit, and a PhD in computational physics.

Today, I am financially comfortable.

My approach will not make you rich, but it will make you comfortable.[/quote]

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