4 ms·

The article misses out on the math though. She saves 90% percent of her income? So does she earn 80k after taxes? She would need to earn about 130k+ after taxes

The article misses out on the math though. She saves 90% percent of her income? So does she earn 80k after taxes? She would need to earn about 130k+ after taxes to save 90% of her income, given that she is the one who pays all the expenses, which at 1000$ per 3 people is hard to imagine. Even in a small German town, where things are dirt-cheap compared to Seattle, 1000$ for 3 persons is almost impossible. I don't like these headlines. Why does everything have to be clickbait these days?

xenihn 7y ago
It is clickbait, but I can see how most expenses (including mortgage) could be covered through Airbnb in a city like Seattle. I would also think that "90% of my income" is really "90% of our income", since they're married.
unreal37 7y ago
It's not that hard. She rents the house she lives in for more than the cost of her mortgage. She makes income from that there. They don't own a car. Her husband gets a free bus pass from work. No housing or transportation expenses. So what's left? Food? Her husband works in tech (first Amazon, and now Google!) and saves 100% of his income. And they live off hers. They have like $1.7 million saved from his Amazon stock which should be a nice investment income too. Their expenses are around $1000 per month. Not that hard to imagine the math.
- bradlys 7y ago
  But it's incredible amounts of luck combined with having a partner who works for a series of big well paying public companies. Being able to buy a house and rent it out for more than you pay is /hard/ because it's based on luck. No one in a major tech hub could start and do that right now. Houses in the bay regularly sell for $10k/month in total cost but rent for $5-6k. And then immediately say goodbye to 40%+ of your rental income to taxes. It's just not hard - it's luck.
  - unreal37 7y ago
    Her and her husband lives, cooks, eats and sleeps in a single room of their house. They rent out the rest of the house including the living areas and kitchen. That's some massive sacrifice. That's not luck. That's the willingness to give up massive amounts of comfort in exchange for money. Not many are willing to do that.
  - travisjungroth 7y ago
    I think they’re saying doing the math isn’t hard. Actually doing the saving and earning is a different matter.
  - dsswh 7y ago
    A very important note: he joined the big tech at the beginning of the stocks growth. You can't do this today.
- fjsolwmv 7y ago
  The math is a lie because she isn't counting her living place's share of mortgage as part of that "10%"
travisjungroth 7y ago
On that $1,000, it seems she is excluding their mortgage because they rent out rooms. This seems like disingenuous accounting. If you lived and ate at your own bed and breakfast (which they essentially do) you could claim a 100% savings rate if you spent money on nothing but food and housing. I wouldn’t normally think calling this out is so important, but she’s using struggle porn as advertising for her businesses linked at the bottom of the article. She’s lying for profit.
deleted 7y ago
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xenihn 7y ago

It is clickbait, but I can see how most expenses (including mortgage) could be covered through Airbnb in a city like Seattle. I would also think that "90% of my income" is really "90% of our income", since they're married.

unreal37 7y ago

It's not that hard. She rents the house she lives in for more than the cost of her mortgage. She makes income from that there. They don't own a car. Her husband gets a free bus pass from work. No housing or transportation expenses. So what's left? Food? Her husband works in tech (first Amazon, and now Google!) and saves 100% of his income. And they live off hers. They have like $1.7 million saved from his Amazon stock which should be a nice investment income too. Their expenses are around $1000 per month. Not that hard to imagine the math.

bradlys 7y ago
But it's incredible amounts of luck combined with having a partner who works for a series of big well paying public companies. Being able to buy a house and rent it out for more than you pay is /hard/ because it's based on luck. No one in a major tech hub could start and do that right now. Houses in the bay regularly sell for $10k/month in total cost but rent for $5-6k. And then immediately say goodbye to 40%+ of your rental income to taxes. It's just not hard - it's luck.
- unreal37 7y ago
  Her and her husband lives, cooks, eats and sleeps in a single room of their house. They rent out the rest of the house including the living areas and kitchen. That's some massive sacrifice. That's not luck. That's the willingness to give up massive amounts of comfort in exchange for money. Not many are willing to do that.
- travisjungroth 7y ago
  I think they’re saying doing the math isn’t hard. Actually doing the saving and earning is a different matter.
- dsswh 7y ago
  A very important note: he joined the big tech at the beginning of the stocks growth. You can't do this today.
fjsolwmv 7y ago
The math is a lie because she isn't counting her living place's share of mortgage as part of that "10%"

travisjungroth 7y ago

On that $1,000, it seems she is excluding their mortgage because they rent out rooms. This seems like disingenuous accounting. If you lived and ate at your own bed and breakfast (which they essentially do) you could claim a 100% savings rate if you spent money on nothing but food and housing. I wouldn’t normally think calling this out is so important, but she’s using struggle porn as advertising for her businesses linked at the bottom of the article. She’s lying for profit.

deleted 7y ago

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