I understand the privilege I have but the world just feels like you can never get ahead. Even if you have a “good job” with a decent salary and good school in a LCOL city , the price of rent + expenses make it hard to live without penny pinching.

If you’re not top bucket in your industry (there are only so many spots), it feels like you can just barley get by.

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Feel the same way. I’ve more than doubled our household income in the last year but with increasing costs and the fact that we need to buy a house this year it feels like our raises are just coming into play to get us by. It’s a sucky place to be mentally but what can you do? 🤷‍♂️

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Valid question! I’m 26 and based in SFL. Our landlord told us this past November she planned to sell the property this year. The renting market is even worse than buying down here so if we’re spending an obscene amount on housing we may as well start building equity along with it. We’re moving up to central Florida to offset the cost but the prices up there even are insane too.

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That’s b/c you can’t get rich working for someone else. You can but it’s like your last line. You have to diversify and honestly have your own business whatever that may be.

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Exactly, you have to move from getting paid for your input to getting paid for the value you create. That's where the real money is.

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There’s an element of patience. I struggle with seeing what my parents have built and thinking I need to be there now. What I don’t see is how they spent their 20’s living in a house I wouldn’t even think to consider or the fact that they weren’t able to save as much as they wanted to for retirement because they were giving me and my brother more opportunities with those resources instead.

What does “getting ahead” mean to you? Does it mean going from let’s say top 10% at your age to top 5% of your age 5 years from now? Or does it mean increasing your standard of living more generally? The latter does benefit from time as salaries tend to increase with experience and investments appreciate.

Globalization and increasing international competitiveness make things cheaper for everyone but they also make American labor necessarily less valuable. We’re seeing that eat into middle class families where what once was average and comfortable is now below average. Unfortunately, there isn’t as much to differentiate American labor from a place with a lower cost of living. As D1 said, just clocking in and clocking out won’t do it if you want to take full advantage of the benefits of globalization, however, I would be optimistic that those benefits are there if you can position yourself well. It already sounds like you’re doing that, so keep your eye on the ball and don’t feel like you need to have your end-goal lifestyle now.

likeuplifting

Stop comparing yourself to those around you. You could go to a top mba , get a top job, make 4x the household income, and it still wouldn’t be enough

It’s a perception issue.

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What would you consider a decent salary for a LCOL city? I’ve been living with my parents for the past year so I think I have an unrealistic view of what I need to live a decent life and keep up with my savings in a city.

Depends on your lifestyle but I’d say 75k for LCOL

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This is how I feel. Just started making six figures @ 24 (now 25) and now everything has gotten so expensive.

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