Skip to main content
No. of Recommendations: 8
This is baloney. It's going to be a whole lot easier to save if you make 100k and up than if you make 30k. Heck I used to save every penny when I was making 30k right out of college and managed to save the same amount now without even trying in 1/6 the time.

It is easier to save when you make $100k than if you make $30. But you'll still save more at $100k if you keep more instead of having unnecessary expenses. Paying interest is an unnecessary expense unless your investment returns are higher than your interest costs. But hey, it's your money. If you want to flush it down the toilet, go ahead.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.