Subj : Re: 3.5 weeks to being la
To   : Poindexter Fortran
From : Weatherman
Date : Sun Jul 24 2022 11:43:57


pF> It's manageable if you have two people working in tech. That's the
pF> problem with the bay area; the middle class is being priced out.
pF> 
pF> When my parents bought their house, they were a 1-income household with 2
pF> kids. Dad was white collar, worked in finance - nothing that lucrative.

Yes, that is another difference from the old days.  It is far more common these days to have two income families.  If you are a single income family in the same area, you are priced out.

Over the years I always budgeted for things with just my income.  I would say that 95% of my life, we were a single income family (just mine).  That is both by preference and what has worked best in our situation.

The other thing that is very important is for people to live below their means and also put some side money to work - to make more money.  That is the only way to build wealth.  Just working isn't good enough.

I have seen so many people on very modest incomes invest and end up with millions from doing that over the long term.  You don't have to make a ton of money to end up with a good deal of money, but it takes investing, time, and dedication to the process to make it work.  The earlier you start, the better.

- Mark
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