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Not much, if you want to have kids and raise them with a decent quality of life.
by downerending 6y ago
Not much, if you want to have kids and raise them with a decent quality of life.
- pb7 6y agoYou can do that once you amass wealth in your 20s (and even early 30s if that's your style, not necessary though) and then move to a lower COL.
- downerending 6y agoGreat advice, but too late for me.
- Aeolun 6y agoAmass wealth in your twenties sounds so ridiculous to me. My bank balance for most of my 20’s was barely positive. Now that I’m mid thirties my salary is finally high enough that the savings have started to increase, but it’s still far from anything resembling ‘wealth’.
- pb7 6y agoThat’s a shame. I’m sorry if you didn’t have the opportunity to do so. It’s very possible and practical to build wealth in your 20s and many people move to high COL places to do so when they don’t have the burden of kids or strong ties. Even small wealth in your 20s will balloon into big wealth 20-30-40 years later that you simply won’t be able to catch up to saving in your 40s and later. You’re investing in your future by delaying settling down, buying a house, and having kids in your 20s. Whether that’s worth it is up to you and your life goals.