[quote=AN]But it’s possible if one strive to achieve it. Having kids is only expensive if you want it to be. They don’t need brand new clothes, hand me down would do just fine.[/quote]
Hah! For 15 years one would dress his kids in hand-me downs, when they have 150K HH, you think? maybe only when they are little…Never mind clothes, diapers, toys, books, activities, after-hours care. Daycare, now that costs on average $1000 per month, for the first 5 years. And college funds – a few hundred month per kid.

[quote=AN]Are you disputing that it’s possible to save $4k/month for a HH that make $150k/yr?[/quote]

Impossible? No. But HIGHLY IMPROBABLE. that’s why we are saying it’s not realistic. Spending the best part of your life living like a miser and pinching pennies is not many’s idea of living.

[quote=AN]If you find it too tough to save $2k/month, how about saving $1k/month instead? @8% return each year, you’ll amass $1.5M after 30 years. If you start at 25, you’ll be 60 when you have $1.5M. Is it tough to save $1k/month when you’re making $150k/yr? [/quote]

Now that’s more doable. Assuming you don’t buy a house by age 60. But why didn’t you give this example that is much easier to accomplish in the first place, I wonder.

[quote=AN]Another point I want to make is, it’s much easier to amass a large asset if you start early. Compound interest works in your favor.
[/quote]
Of course, we all here know that.

Anyway, it is instructive to hear these discussions. My spouse and I, with PhDs and postdocs under our belt, we haven’t gotten to the 150K HH until after we were 40 with kids…So no chance of getting to 1 M before we retire. To think that with RN degrees we would have had a much better life…Makes one wonder about the value of higher education… But I digress.