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You sound like you’re managing things very well, and I don’t want to discount that in any way. I do suspect your income is relatively quite high. Where I’m at

You sound like you’re managing things very well, and I don’t want to discount that in any way. I do suspect your income is relatively quite high. Where I’m at, a modest apartment alone is more than 20% of any 20-something’s average income.

raven105x 7y ago
Cheapest rent is about $1,800/mo in my area (California, eh) - my car is by far the worse one around. To me, it's about what trajectory you funnel your income in to generate wealth - tangible, liquid, appreciating assets as well as ETFs, bonds & recurring revenue. The notion of someone who's my age looking at a luxury or exotic car which is a chump change spend for someone who's had 1-3 more decades to generate wealth and concluding that wrecking their own long-term trajectory by incurring depreciation & loan interest - all for the sake of superficial equality, is absolutely insane to me.
onlyrealcuzzo 7y ago
Right. I make $360k a year, and just living in a decent apartment already eats up 24% of my after tax income. Sure, if I had roommates and lived in a basic apartment, I could cut that down to 12%. Point being, it's hard to get by on only another 3%, and I'm making pretty okay money...
- duncan-donuts 7y ago
  Pretty okay...cmon buddy.
- raven105x 7y ago
  We are at roughly the same compensation. If you save 60k a year vs 120k a year, the time it takes to own a house is cut in half, the rent and interest bleed stops twice as fast. Now you're saving 180k a year by reducing bleed even though your expenses are the same, etc etc. Compound finance is a helluva drug
  - mettamage 7y ago
    Heck, if you save 120K per year and work for 2 years, you can basically retire to places like Thailand and live like a king.
    - onlyrealcuzzo 7y ago
      On $250k in investments, you could only sustainably withdraw $10k per year. That's not even $1k per month. That's upper middle class in Thialand, which is not exactly kingly.
      - brewdad 7y ago
        Yeah but you're living like upper middle class in Thailand at age 24 with no responsibilities in OP's scenario.
      - mettamage 7y ago
        Ok, fair enough, not a king. To me it'd be kingly, but I guess I feel like a king quite quickly. Just me? Ah, alright.

raven105x 7y ago

Cheapest rent is about $1,800/mo in my area (California, eh) - my car is by far the worse one around. To me, it's about what trajectory you funnel your income in to generate wealth - tangible, liquid, appreciating assets as well as ETFs, bonds & recurring revenue. The notion of someone who's my age looking at a luxury or exotic car which is a chump change spend for someone who's had 1-3 more decades to generate wealth and concluding that wrecking their own long-term trajectory by incurring depreciation & loan interest - all for the sake of superficial equality, is absolutely insane to me.

onlyrealcuzzo 7y ago

Right. I make $360k a year, and just living in a decent apartment already eats up 24% of my after tax income. Sure, if I had roommates and lived in a basic apartment, I could cut that down to 12%. Point being, it's hard to get by on only another 3%, and I'm making pretty okay money...

duncan-donuts 7y ago
Pretty okay...cmon buddy.
raven105x 7y ago
We are at roughly the same compensation. If you save 60k a year vs 120k a year, the time it takes to own a house is cut in half, the rent and interest bleed stops twice as fast. Now you're saving 180k a year by reducing bleed even though your expenses are the same, etc etc. Compound finance is a helluva drug
- mettamage 7y ago
  Heck, if you save 120K per year and work for 2 years, you can basically retire to places like Thailand and live like a king.
  - onlyrealcuzzo 7y ago
    On $250k in investments, you could only sustainably withdraw $10k per year. That's not even $1k per month. That's upper middle class in Thialand, which is not exactly kingly.
    - brewdad 7y ago
      Yeah but you're living like upper middle class in Thailand at age 24 with no responsibilities in OP's scenario.
    - mettamage 7y ago
      Ok, fair enough, not a king. To me it'd be kingly, but I guess I feel like a king quite quickly. Just me? Ah, alright.