Reply to Is marriage the *only* way to wealth?

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Reply to "Is marriage the *only* way to wealth?"

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[quote=Anonymous][quote=Anonymous]No one mentioned this but having a roommate will replicate most of the benefits of marriage.  You will be splitting housing costs which are a huge expense for most people and also splitting utility costs.  Although your housing cost will be higher paying for an extra bedroom it won't be 2x more.  You can also split the housework 50/50 + maintaining your personal living space.

Not having kids will also significantly boost your wealth.[/quote]

The not having kids is the biggest factor.  Even with State U, you are currently at ~150-200K per kid just for college. From birth to 18, most people will easily spend $200K on a kid, more if you have daycare expenses.  So assume $400K minimum as added expenses per kid.  Now imagine if you invest even 50% of that for retirement/future.

One of the  DINKS I know (same top 1-2% as us) have a $75K boat, own a $2M home, drive $80K vehicles, and travel all the time.  They also have dogs that are beyond spoiled (so maybe 25% the cost of kids).  Instead of saving for college, they get to pick luxury items they love and purchase them (think high end watches, high end jewelry, etc).  Easy to do when you are not planning on $500-600K+ per kid over the first 18-20 years.  [/quote]

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