Your end saying reminds me of a quote from a game I used to play and I couldn't agree more!I am 61 and approaching retirement from a leadership position in finance. Lived fairly frugally until ten years ago when our investments were paid off. Always had a decent salary but plowed money into RE investments. That has worked and now my “mailbox” income is sufficient to fund my lifestyle which includes owning my Jeep, traveling with my wife, and retiring without $$ concerns. I work because I enjoy my job. I’ve always lived debt free unless it involved investment related financing. Stay positive, be generous, make your health a priority, and embrace life.
While there are plenty of hardworking, self made folks that 'pulled themselves up by their bootstraps', on here, there are also lots of folks here as well that got a headstart in life with lumps of dough, a home etc passed down from family.
Sometimes it's not what you do for a living but luck of the draw to be born into the right family.
Not saying this to dump on anyone's hard work, just letting you know that lots of what you see on the internet is not what it seems.
What do you consider a decent money? 50k, 75k, 90k, 110k, 125k a year? And then what is your debit to income ratio?What the f*** do y’all do for a living?! I make pretty decent money, but some of you guys post pictures or make comments that blow my mind. So I just want to know what you do for a living… and if they’re hiring
I disagree. I see it happening all around me. Keep in mind I'm not even talking about huge swaths of wealth being passed down.Hard work, education, getting back up when you fail, and choosing a line of work that brings in money is paramount.
What you suggest is a very small percentage of folks. Almost not worth mentioning.
You post reflected like you meant "huge swaths of wealth being passed" down and inherited homes...I disagree. I see it happening all around me. Keep in mind I'm not even talking about huge swaths of wealth being passed down.
Being gifted 20k for a 1st home downpayment, or having your education paid for you (no student loans) may not seem like much but gives a person a huge headstart in life.
Things like that happen much more than you think.