We are all spoiled in wealth in this industry. Thank you to consulting for a salary 2x the average American salary that has allowed me to pay off 27k in student loan debt in 1 year.

Life hack: I grew up poor, lived off of 10k a semester in college, I can pay all my living expenses at 60k, the gap between 60k and my 144k salary is used to pay off loans (72k) and invest.

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Is budgeting really considered a “life hack” these days? These hacks get more and more lame

likesmarthelpfulfunny

I’m not being passive or petty, I’m being serious. Being financially responsible isn’t what I’d consider a “life hack”. Those are things that are really out of the ordinary or unknown. Being financially responsible isn’t a hack, it’s just good practice

likesmart

Cool story bro but life and responsibilities are different for everyone

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for others* ^

I agree with your sentiment but would change the language from “spoiled in wealth” to “spoiled with income.” A lot of us who grew up poor (as I also did) are more “HENRY” (high earning, not rich yet) than “wealthy,” which generally means having a lot of assets. I had 6 figures in student loans from undergrad and grad school and was able to pay it off within 5 years thanks to the extra income.

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Wait til you see how far that goes when you're supporting a spouse/child

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“These days”… children have always cost money. I don’t think most parents are having children for a financial gain.

I have an 90k salary with wife + kid. Really doesn't go very far. Don't think I will be comfortable (be able to buy house, etc.) in my city until 140k. But I agree we are spoiled in general.

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The difference between 60k and 144k is the difference between debt freedom, financial freedom and wealth generation. That’s powerful

That’s really interesting. Why not just buy a property at that point. They’re still renting. Property allows you to create income.

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