Re:Man Built a $188M Fortune Investing in Stocks Then Donate...
by jimbokun on Tuesday March 30, 2021 @12:06PM
(#26636310)
Without pre-existing wealth, the "Money Moustache" paradigm pretty much requires
1. Get college degree enabling 6-figure income.
2. Marry spouse making 6-figure income.
3. Live off of 1 income for 10 years or so, save the second income.
Then you can implement Money Moustache style finance plans. Or maybe for singles if you can make 6 figures and save over half of income.
But yeah, on 35k it's not very useful advice. Except "get a degree or training to get you into 6 figure income bracket", which may not be realistic, either, given existing time commitments.
1. Get college degree enabling 6-figure income.
2. Marry spouse making 6-figure income.
3. Live off of 1 income for 10 years or so, save the second income.
Then you can implement Money Moustache style finance plans. Or maybe for singles if you can make 6 figures and save over half of income.
But yeah, on 35k it's not very useful advice. Except "get a degree or training to get you into 6 figure income bracket", which may not be realistic, either, given existing time commitments.