Reply to A massive income required to live the idealized american dream around here?

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Reply to "A massive income required to live the idealized american dream around here?"

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[quote=Anonymous]It takes a several years of living below your means to really feel comfortable.  If you spend everything you make, then you'll always feel poor.  But if you spend less than you make, investments will grow, your income will likely grow with promotions, and, if you've bought, your home value will also increase.

We're millennials and it felt really hard in our early 20s, like life was too expensive. We had no parent help. But we lived super inexpensively in a crappy apartment and saved.  This gave us enough to get a fixer upper house in a bad part of DC to get onto the property ladder.  Now, in our early 40s, life is super comfortable.

You do need a solid and stable income to be able to live below your means, but that's far from seven figures.  You also need to be a bit patient--it and takes time to build savings.  You also need to make trade offs: We're very comfortable now but still have clothes from Old Navy and Target, we don't have a garage, and drive inexpensive, older cars.  But we take nice vacations and live in an area with short commutes and good schools.    [/quote]

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