I live in low cost area with a relatively high salary (astronomical for the area) and I'm actually saving close to 100% of my cost of living, but... that would be 400-500% if I weren't:
1) Married.
2) Having a kid.
Most stories I read in that article are like guys having 3-4 kids living in LA.
Geez people, forget treating the cause (wage slavery, politics etc), start with the symptoms or you may not live trough them.
Sorry but this comment comes off as quite entitled. Not everyone has the option to pick up and move or get a job with astronically higher salary for their area...
Many people live in places like LA because they contain the vast majority of new high paying jobs. What treatment are you recommending for the symptoms here? Euthanizing the kids?
You're being mean. Solution, which can not be applied retroactively, is to not get married, if you get married don't make kids, if you do make kids limit yourself to one...
Until you solidify your finances so that you can offer your kids a future which doesn't hold the threat of homelessness and the certainty of slavery.
I don't disagree in principle, but my advice for postponing wife and kids is directed at young, intelligent and not-destitutely poor HN readers.
Best predictor for future wealth (and accompanying success) is prior wealth. Valid in US and all around the world. If you don't have enough of that by family status, you need to build it yourself and you can only do that by buying yourself time (savings orders of magnitude higher than cost of living). With enough leeway you can either try start your own business and have enough buffer to recover if necessary and still land better than married guy with home staying wife and 4 kids in LA. Also you got much better chances of a career in classic corporation setup since you are in a position to demand be assigned to good projects or walk away. Good projects = !bad projects where bad projects (95-98% of available work) == responsibility without authority, usually cleaning up other people's shit. Usually the young, family-less who can afford to demand authority without responsibility positions then walk away when (their own) shit starts to stink.
Most stories I read in that article are like guys having 3-4 kids living in LA.
Geez people, forget treating the cause (wage slavery, politics etc), start with the symptoms or you may not live trough them.