But the avocado toast ain’t cheap either! Neither is your Soulcycle class! People seem to find a way to spend their money one way or another anyway! But if you save the money, sure. However if you still buy the house in SF with that savings you tend to again lose all benefit. Thus the only way to do this correctly is make a lot of money in Sf for a decade, save most of it, move to some European country and don’t earn at all (this no tax).
> But the avocado toast ain’t cheap either! Neither is your Soulcycle class
A soulcycle class is $35/pop. Even at one a day, on top of $4000/month for rent, and income tax, you're still left with roughly the amount a mid level engineer in a european city (excluding maybe London) makes pre-tax. No amount of Avocado toast, or whatever the sneaker fad changes that equation.
> However if you still buy the house in SF with that savings you tend to again lose all benefit.
That's no different to buying a house in London or Amsterdam say, except once you've dumped $1m into your "modest" home, you're still earning 2.5x what the person in London/Amsterdam is.
