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>t's say this is a possibility for everyone. Let's say, despite high rents, everyone can save a certain amount each month. Let's say that every elementary schoo
by mkirklions 8y ago
>t's say this is a possibility for everyone. Let's say, despite high rents, everyone can save a certain amount each month. Let's say that every elementary school teacher can advance to being superintendent, and every automotive technician can eventually own his own shop or become a district manager of a chain.
I thought we were talking about people making 8$/hr.
An starting elementary teacher making 30k/yr or a tech making 40k/yr can save up for a downpayment.
If they didnt, we know they spent it on new cars, clothes, iphones, etc...
I have lived on 19k/yr for 2 people, its not only possible, but it seemed easy.
- tqi 8y agoIn your opinion, how much money should someone with a 40k/yr salary be able to save each year? And what fraction of that should go toward a down payment vs retirement vs loan repayment?