5 ms·

@gregd Well of course, that's the entire point! I didn't just happen to have low expenses, I've been actively lowering them as much as I can! And you have to ma

@gregd Well of course, that's the entire point! I didn't just happen to have low expenses, I've been actively lowering them as much as I can! And you have to make some sacrifices to reach a 60% savings rate, but you also realize how much of this middle-class lifestyle doesn't actually make you happier. Why do you spend $1500 on food every month for one person for example?! That's insane. My expense is too high for my taste even though I bring lunch to work and rarely eat out, but that's because groceries in this country are more as expensive than in the US. Eating out costs twice as much as the US. Also why is your housing 3 times mine? If you live with an SO for example you should be able to find something cheaper than $3000. Again, in SF that might be a sacrifice but you have to do something to get ahead. I recommend reading this: http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/ http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-...

gregd 11y ago
I have a wife who is in college full-time, 3 children that live with me (2 that do not)...that eats up (pun intended) my food budget. My rent on a 3 bedroom apartment is $1400/month and I had to sign a 14 month lease to get that (after already living here for over a year). They wanted to raise our rent $300/month if I didn't sign the 14 month lease. I pay for health insurance out of my own pocket, which is over 8000/year.
- purplelobster 11y ago
  Look, that sounds like a tough situation financially, but this is not the norm among people on this forum (whom I'm addressing). Also, good news! If your wife manages to find a nice job after graduation, and if you keep your lifestyle the same, you can now put an entire salary into your savings account (or pay off loans, which is the same thing) every month. That's basically what me and my wife are doing.

gregd 11y ago

I have a wife who is in college full-time, 3 children that live with me (2 that do not)...that eats up (pun intended) my food budget. My rent on a 3 bedroom apartment is $1400/month and I had to sign a 14 month lease to get that (after already living here for over a year). They wanted to raise our rent $300/month if I didn't sign the 14 month lease. I pay for health insurance out of my own pocket, which is over 8000/year.

purplelobster 11y ago
Look, that sounds like a tough situation financially, but this is not the norm among people on this forum (whom I'm addressing). Also, good news! If your wife manages to find a nice job after graduation, and if you keep your lifestyle the same, you can now put an entire salary into your savings account (or pay off loans, which is the same thing) every month. That's basically what me and my wife are doing.