Submitted by Downtown-Fig602 t3_11b0w0i in wallstreetbets
nomorerainpls t1_j9vc4ep wrote
Reply to comment by Downtown-Fig602 in How would you invest 140k? Getting inheritance at 21yr old. by Downtown-Fig602
Most people spend to their income, so when their income increases, so does their spending. This isn’t a very WSB thing to post, but your best chance of accumulating millions in wealth comes from keeping spend well below income, not rolling the dice on some pump and dump you heard about from the wife’s boyfriend.
Downtown-Fig602 OP t1_j9vdl8g wrote
True but I don’t have any need to spend more than I already am per year even if my salary increases. I already eat out nicely once or twice a month, and food is the only thing I spend money on outside monthly bills and my car
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