QuoteI don't get why people are so focused on SAVING the money,
Saving is a way of life for some people
But I understand what you're saying... if the choice is between a new SUV and SRS, the
choice is pretty clear... but for a 20 something hearing 90K must be overwhelming.
Whereas someone that is in their 40's and even modestly successful it's not that big a deal, cash
in retirement funds or home equity and you're golden.
Also keep in mind, we've just gone though the biggest debt buildup/easy credit time in our history, I think
the future may bring and end to some of the easy money we've had the past 15 years.
QuoteIf a young TS works fulltime (one or two jobs) for....let's say...five years and lives at home during that time & saves everything she earns; she will end up saving many thousands by the end of those five years. Now, perhaps it will not be
sufficient to have everything done at once, but IMHO it will be a pretty good start, no?
Tink, I think that would be a great start for sure, but it takes a lot of discipline and the ability to live at home...
again that just seems overwhelming. And I bet more often than not it takes till the mid thirties to achieve.
I'm not saying 20 something girls can't or don't do it, I'm just amazed that they can. For most people the
differnce in earning power between 25 and 35 is quite a bit and between 35 and 45 is even bigger.
And you are both right... no education == minimum wage and the prospects of an early SRS fade, and these days a
masters or phd is really needed to complete in many companies.
Amanda