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Comment by AgentOrange1234 | Hacker News Reader

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.

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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.

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...

Pretty okay...cmon buddy.

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

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.

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.

Yeah but you're living like upper middle class in Thailand at age 24 with no responsibilities in OP's scenario.

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.

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