Reply to You are a slave unless you are wealthy

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[quote=Anonymous]OP, I figure you just want to vent a little bit. But if you want some real advice, here is my data point.

I'm the inly child of a single mom who has been in and out of institutions my who childhood. She died when I was 27 and left me $6k. That was my inheritance. I've never met my father. When I was single and childless and had a lot of student loan debt, I got a roommate. We split a one bedroom apartment in NYC; I lived in the living room. Rent was my biggest expense. The money I saved from sharing my apartment I put towards debt. I also spent one year as a No Buy Year - meaning that the only things i spent on were rent, utilities, and basic groceries. This helped me accelerate debt pay off and get an emergency fund together. I had the roommate until I was debt free at 31. I also shifted careers and eventually got a Masters by going to school at night, cash flowing that degree. That graduate degree allowed me to get a better paying job with great benefits. I am not setting the world in fire, but my work has allowed to have the life j want (which in my case includes marriage and two children, and a modest house and one car, regular vacations, saving for retirement). I've done the No Buy Year a couple more times, once with kids (I modified what I would buy due to the kid expenses), which allowed me to do a year of maternity leave and buy a car for cash. Because we still live frugally, after years of practice, we will have a decent retirement and somewhat escape full serfdom.

In other words, OP, one way to get out of your funk is to come up with a game plan and Implement it, bit by bit. The solution might not be easy and it might involve a lot of personal inconvenience and even pain, but over time your situation will get better. You just have to make some well thought out moves.[/quote]

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