The answer to that question might surprise you. Let me explain.
I’ll take the “stress” of $100,000. Easier to “Create” Margin!!
It’s all about discipline. If you can save when you only earn $20K a year, then when you begin to earn more you are disciplined to save or you are so used to saving that the initial blow of not touching “that” money is gone! Start early, teach your children, be better than you deserve!!!!
Money will reveal your mind set more than anything else.
My Dad always said, “If your outflow is more than your income, your upkeep will be your downfall.”
Since my parents have now lost basically everything between bad habits and a divorce (yeah guys, only ones who win there are the lawyers), I have to say that the higher you fly, the harder the fall.nnIt’s *hard* living below your means, I get that. Heck, I’ve lived above my means on a number of occasions because it seemed, at the time, like giving in to all those little pressures was easier…but let me tell you, living below your means (while hard) is much easier than the work of digging out of a HOLE created by living above them. And living just at your means? That tightrope walk might seem fun at first, but when the wind starts blowing see whether it still is.nnI’m going to stop before I sound more like my grandfather than I already do.