Re:I’m not saving ninety percent of my income for myself
by bradlys on Saturday June 08, 2019 @12:53PM
(#20133444)
But it's incredible amounts of luck combined with having a partner who works for a series of big well paying public companies.
Being able to buy a house and rent it out for more than you pay is /hard/ because it's based on luck. No one in a major tech hub could start and do that right now. Houses in the bay regularly sell for $10k/month in total cost but rent for $5-6k. And then immediately say goodbye to 40%+ of your rental income to taxes. It's just not hard - it's luck.
Re:I’m not saving ninety percent of my income for myself
by travisjungroth on Saturday June 08, 2019 @01:01PM
(#20133513)
I think they’re saying doing the math isn’t hard. Actually doing the saving and earning is a different matter.
Re:I’m not saving ninety percent of my income for myself
by unreal37 on Tuesday June 11, 2019 @12:14AM
(#20152967)
Her and her husband lives, cooks, eats and sleeps in a single room of their house.
They rent out the rest of the house including the living areas and kitchen.
That's some massive sacrifice. That's not luck. That's the willingness to give up massive amounts of comfort in exchange for money.
Not many are willing to do that.
She rents the house she lives in for more than the cost of her mortgage. She makes income from that there. They don't own a car. Her husband gets a free bus pass from work. No housing or transportation expenses. So what's left? Food?
Her husband works in tech (first Amazon, and now Google!) and saves 100% of his income. And they live off hers. They have like $1.7 million saved from his Amazon stock which should be a nice investment income too.
Their expenses are around $1000 per month.
Not that hard to imagine the math.