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I think I was sorely misunderstood ...the point is to not spend on what you don't need - whether that's 15% of your income, or 80%, it was there to illustrate j

I think I was sorely misunderstood ...the point is to not spend on what you don't need - whether that's 15% of your income, or 80%, it was there to illustrate just that. When I started working at 18, my living expenses could've been 100% of my income if I even tried to live "like average". I lived like I was on welfare and saved my money and because of that, avoided the typical mid-20s credit card sinkhole, the fancy cars, and all the other crap nobody really needs. Career trajectory aside, the savings from the years when it was the hardest to save were the only way to get to this point.

mettamage 7y ago
IMO that's the easy part. Getting in $100K+ that isn't going to be taxed at 50% is going to be the hard part (The Netherlands, fun place). The trick to affording things is mostly about earning. Saving definitely has its place, but if you don't earn enough, you can't save it either. And I know that there are quite some hedge fund managers out there wasting money left and right, but in all honesty, it's tougher to get to that point than just to save. At least, when you're me. I suppose for some people it's easier to make bank and spend it as much as possible as well. They wouldn't know how to save up.