Like putting away one third of your money every month, keeping a budget, learning when to splurge to maintain self control (budgets not too tight) and learning to live below your means at any cost.

The magic part is the other half of that equation. Money grows in it's own (though slowly) and putting some away for later starts paying for its own pretty soon.

[–] Boomkop3@reddthat.com 7 points 9 hours ago (1 children)

I highly doubt even half of adults, even in some developed countries, have the spare income to put a third of it away

[–] Nomad@infosec.pub 1 points 5 hours ago (1 children)

I agree, but assume everybody spends 30% less. The demand goes down for luxury goods. And things get more affordable. Disposable income is about what you can live without. And although I'm obviously not speaking about the poorest among us, most middle class people spend too much and live in debt because they want to keep up with the Joneses.

[–] Boomkop3@reddthat.com 1 points 4 hours ago

I've definitely noticed this in the usa. Where I live this is less of an issue fortunately... I might be a little guilty of this though