I Invest and Save Over Half of My Paycheck: Here’s My Monthly Budget

Core Insights - The article highlights the financial discipline of an individual who saves and invests 65% of their income, demonstrating that significant savings are achievable with intentional budgeting and lifestyle choices [2][5]. Budgeting and Savings - The individual allocates $12,000 of their $18,500 monthly income towards savings and investments, leaving $6,500 for living expenses [2]. - A computerized system is employed to automate transfers to investment accounts, ensuring that savings occur before discretionary spending [4]. Investment Strategy - The investment strategy focuses on cash-flowing real estate, which generates passive income and appreciates over time, emphasizing the importance of compound growth [3]. Lifestyle Choices - Living on 35% of income necessitates intentional lifestyle choices, such as driving a reliable vehicle instead of a luxury car, meal prepping to avoid dining out, and selecting low-cost entertainment options [5]. - Monthly housing costs are kept below $2,200, and shopping is done at discount stores to manage expenses effectively [6].