This section is angry-making: > a lot of millionaires live on something like 10% of their income. Everything they own, their house, their cars, even boat, does

This section is angry-making: > a lot of millionaires live on something like 10% of their income. Everything they own, their house, their cars, even boat, doesn’t surpass 10%. You can apply this thinking too! Something tells me the people able to live on 10% of their income have at least one "multi-" prepended to their "millionaire" label. In SF, doing this while living in a 1BR apartment would require a yearly income over $430,000. San Jose, over $300,000. In NYC, DC, Boston, Miami or LA, you'll need at least $240,000 a year. National median rent ($1234/mo) still needs above $150K/year. And that's just rent, no frivolities like "eating food" or "wearing clothes". (Rent data from http://time.com/money/4359971/average-apartment-cost-us-cities/ http://time.com/money/4359971/average-apartment-cost-us-citi... 2016; current numbers likely worse) It's easy to save money when you already have much more than you could possibly need. Otherwise, less so.