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Congratulations. You can support a frugal lifestyle with no wife and no children in a cheap location. That's not what people are struggling for. The interest w
by user5994461 8y ago
Congratulations. You can support a frugal lifestyle with no wife and no children in a cheap location. That's not what people are struggling for.
The interest won't cover the rent in a major city, especially the rent for a place big enough for a family.
- geomark 8y agoIf you were debt free with 1 million USD in cash and mutual funds would you choose to live in a major city? So many major cities worldwide have high levels of pollution which has a deletirious effect on both physical health and mental performance. You trade that off against having access to the things big cities offer (services, entertainment, etc). It might seem worth the tradeoff if you are single and don't want to own anything. But making that choice for wife and kid seems tough.
- user5994461 8y ago>>> If you were debt free with 1 million USD in cash and mutual funds would you choose to live in a major city? Like everyone else, I don't get to choose. Do you realize that people have roots, family, friends? Do you realize that border and immigration control is a thing? It's disingenuous to consider changing city as a trivial option. When someone has $1M, it's because he is in a location that made it possible in the first place.
- geomark 8y agoI am aware of all those things, because I did it. So I know it is not trivial; I'm not being disingenuous at all. I made the trade offs for my family. I am just wondering what other people's thoughts are.
- deleted 8y ago[deleted]
- icantdrive55 8y agoIn America, I've met very few guys who really wanted the wife, and kids. I look back at most families, and so many started with, "You're what?". In fact, many of us don't want the things we are told we need? I think cute Hollywood movies have programed what we say? (And yes, I know some of you got out of high school/college and wanted the wife, and family. I'm just saying many of us didn't, but don't say anything. Here is another story. It's pretty easy to be anonymous, and truthful.)