I find the best way to save was to move back home. It was a major sacrafice on our part and we also couldn't be more grateful to the parents. There were times when we were desperate for privacy so would stay overnight in a city hotel or a short weekend away which we could easily afford with the savings we made.
But whether it be donuts, moving back home etc you need to make sacrifices....just think of the big picture and the biggest reward.
I started property investing in 2002 at 22y.o building approx 1 property a year and we now have close to $2mil gross worth...wished it was net worth though. Also, you take home more money than my hubby. We are considered low income earners. The income part doesn't really bother us. It really depends on your savings habits and how you can budget. A low income earner can possibly save more than a high income earner if the high income lives like a king and blows all his money.
You should play Robert kiyosaki's cashflow game.....the low income earner 9 out of 10 times can get out of the rat race earlier than the high income earners.
I guess my message is don't be deterred being on low income.
My sil is an avid saver. Her husband earns around what you do and they are on a single income with a child yet they can afford an overseas trip back home to UK every year when my other professional friends on $50k+ a year can't even do that because they have too many bad debts.
Another way to save is to know your tax. You can even claim tax back for dry cleaning so keep all your receipts. Try to get back all your tax at the end of tax year and you will already have half your deposit.
But whether it be donuts, moving back home etc you need to make sacrifices....just think of the big picture and the biggest reward.
I started property investing in 2002 at 22y.o building approx 1 property a year and we now have close to $2mil gross worth...wished it was net worth though. Also, you take home more money than my hubby. We are considered low income earners. The income part doesn't really bother us. It really depends on your savings habits and how you can budget. A low income earner can possibly save more than a high income earner if the high income lives like a king and blows all his money.
You should play Robert kiyosaki's cashflow game.....the low income earner 9 out of 10 times can get out of the rat race earlier than the high income earners.
I guess my message is don't be deterred being on low income.
My sil is an avid saver. Her husband earns around what you do and they are on a single income with a child yet they can afford an overseas trip back home to UK every year when my other professional friends on $50k+ a year can't even do that because they have too many bad debts.
Another way to save is to know your tax. You can even claim tax back for dry cleaning so keep all your receipts. Try to get back all your tax at the end of tax year and you will already have half your deposit.
