Now think about the time you were poor and the time you had money, and try to see whether you are where you are today because you were saving money. Saving mon

Now think about the time you were poor and the time you had money, and try to see whether you are where you are today because you were saving money. Saving money, and leaving cheaply when poor will help you develop a habit for when you are financially in a better place. However saving 20% of your salary when you make, say $2,000 per month in NYC/SF/LA, is not going to be possible. Not only that, but it would take 4 - 5 years to get to $20,000. My thinking is there is a minimum people need to make before they can save meaningfully. Below that point, saving is just an exercise to get ready for a better financial position/earning.