A lot of the plan to get to $1.5mm by 50 is pretty straightforward actually. You spend x amount to live when you start working, and essentially never increase from there. So if you can basically maintain a steady spending level and then save more as your income increases then soon enough you save more than you spend, and with some good investments you have a significant amount of money.
To me there are a few issues, but a lot of comes down to personality. Very few people are able to save like that. For a lot of people there is always a nagging 'what if I save all this money for retirement and then die young?' Or other thoughts. Then you have a seg!ent where people want to be able to do things while they can. You want to take a trip walking around European cities? Awesome when you're young and able, probably not when your 70 and not as energetic and healthy. Plus the fact that a lot of these amazing savers have no kids, and rent houses/apartments.
Its not a pro/anti home buying issue here. Its just that once you have kids, buy a house, and then maybe another vehicle , and go down to one income for a year or two, etc. the numbers change. There are other expenses and things that come along with this. And one quick note on home ownership. Its not that you have to buy a house to have kids, but owning a plce, while a major expense, is also stable which a lot of people want with kids. It costs a lot, but then you have control over when you move and why. To someone without kids that's maybe more flexible, but with kids it means considering where they go to school and everything else. Its a huge impact.
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