>be community college dropout
>complete apprenticeship program
>now making $75K in major USA metro area
>no debt
>$100K in retirement plans
>in the market for a house in the $350K range
>don't even struggle to save money, don't even look at grocery prices, don't even limit myself at restaurants and entertainment
>mfw there's people more educated than me and even make more than me that struggle to make ends meet

What am I doing right, or what is everyone else doing wrong? Is it really as simple as getting into a skilled career and not getting into debt? People do seem to travel a lot, which seems like a huge waste of money to me. Other than that, it feels like I'm living on a different planet than people who are constantly complaining about egg prices.

>>60578326 (OP)
>make 75k in MCOL/LCOL
>put money in 401k
>be capable of getting a VA loan
If you're happy, whatever, but this isn't that impressive. You have a slightly above average job for your area and don't waste all your money. You will still work until you're too old to enjoy your money because it doesn't sound like you have any major safe medium-term investments.

>>60578486
Also I don't want to come off like a dick btw OP. You're genuinely doing better than the vast majority of people in America who live paycheck-to-paycheck. It's just that people in finance circles like /biz/ are usually concerned with generating wealth that can be enjoyed sustainably and soon, but it sounds like you're mostly putting money away for the distant future.

>>60578326 (OP)
You did well anon, congrats. And yes, normies are just retarded. Only take advice from people you'd trade places with.

>>60578326 (OP)
>$75k gross salary
>$350k house
that's funny. i make $120k and i wouldn't dream of buying a $350k house. you might want to crunch those numbers a bit harder, lil nigger.

>>60579318
This. At these rates you aren’t affording a 300k+ mortgage on 75k/yr that’s going to be at least half your take home pay.

In most major metros a 1BR apartment is 1500-2000+. How the fuck are you easily affording this? You must be living frugally, which is fine. But this isn’t an aspirational life.

I could do well on 75k if I rented a tiny room or lived with parents I guess.

>>60579318
>>60579338
What, is the 28% rule no longer valid or something?

$70K down means a $280K loan.
$280K loan at 7% is roughly $2300/mo in payments
$2300/mo is $27,600 a year
28% of $75K is $21,000.

Hmm, I guess you're right, he either needs to put $140K down or somehow get approval for having a higher payment than his income number allows.

Or, if he's married, his wife's salary would likely qualify them easily. If not, and if he could get approved, he could rent out a room to someone and make his payment that way.

>>60580436
all-in (mortgage, insurance, taxes, utilities) is about $2800/month and $75k gross is about $4500/month after taxes and assuming you put $0 into retirement and get free insurance. that's affordable but it's also unrealistic. you will need to save for retirement, you will likely have to pay for your own insurance, you probably won't have $70k down payment on a $75k/year salary 'in a major metro area.'

>>60578326 (OP)
>What am I doing right
probably not blowing your money on dumb shit
I have a friend who pays $1500 a month for a truck payment + insurance when he could have just bought a used one in cash for half the price and no interest
Meanwhile I fund literally my entire life for less than $1500 a month
the truth is that normies are just retarded and have no impulse control

should have lied harder and said 175k, no one is going to care about this bait.

Yet another /biz/larp that /biz/tards fall for.

>>60582125
He is probably living in a cheap city. Cheap home.

>>60578326 (OP)
>entry-level salary for a college grad
>renter
>1.25 years salary saved in retirement.

Congrats on being better than niggers/spics/women?

>>60579318
>>60581024
poorfag giving bad advice because people can afford to have nicer homes than him

>>60579318
I make $87k and was in the market earlier this year for houses in the 300k range. eventually I had to face facts and realize I couldn't afford it, since my monthly net is only $4000 and the lowest payment I was getting with the houses I was looking at was ~$2500. Over half my monthly net on PIMI isn't "affording" a house IMO.

I decided I need to either increase my income or save up more for a down payment, so I'm looking for a new job and cut all my expenses and put more towards savings.

>>60583515
Wft rates are you guys getting? How do you lose $2600 per month from gross to net?
>>60578326 (OP)
Probably larping but what is your rent and how much do you clear per week? If anything I assume you still live with your parents or cohabitate.

>>60583515
>7250 gross
>4000 net

Bullshit

Even in CA your monthly take home is $5,722

And since you're looking at 300k homes we can assume you're in a lower taxation state than CA