We had three kids, all grown now. I’m not massively well-paid, earn a standard software-person salary. We never had financial difficulties, despite living in the SF Bay Area for much of that time.
This is a matter of priorities, not of affordability. I’ve always driven second-hand cars and wasn’t a spendthrift when making decisions about holiday destinations, home improvements or other discretionary spending. I seldom borrowed money for anything but genuine capital improvements with positive ROI. Not having any expensive vices helped too. That’s all it took.
It’s not what you get, it’s what you keep that matters. Deferred gratification is an effective strategy. Few of my colleagues had the discipline to do that. Now that I’m nearing retirement, I’m seeing the pay-off: my disposable income will increase considerably once I retire.
Have you considered buying two extra BMWs and doubling the size of your house? Gotta live paycheck to paycheck and make those neighbors jealous!
Luxury SUVs on lease are obviously a wise financial move.
Got to make sure to have 3 kids to make sure your finances are in order.
We had three kids, all grown now. I’m not massively well-paid, earn a standard software-person salary. We never had financial difficulties, despite living in the SF Bay Area for much of that time.
This is a matter of priorities, not of affordability. I’ve always driven second-hand cars and wasn’t a spendthrift when making decisions about holiday destinations, home improvements or other discretionary spending. I seldom borrowed money for anything but genuine capital improvements with positive ROI. Not having any expensive vices helped too. That’s all it took.
It’s not what you get, it’s what you keep that matters. Deferred gratification is an effective strategy. Few of my colleagues had the discipline to do that. Now that I’m nearing retirement, I’m seeing the pay-off: my disposable income will increase considerably once I retire.