From A Poor Background To Making $180K At 24. He Dreams Of Being Mortgage Free By 30, Yet Can't Stop Spending. 'I'm Not Even Sure Where It Goes'

Core Insights - A 24-year-old individual is earning approximately $180,000 annually in sales, a significant achievement considering his background of growing up in poverty [1] - He aims to be mortgage-free by age 30, currently managing a $2,400 monthly mortgage payment [1][2] - The individual plans to allocate an additional $3,000 monthly towards his mortgage principal, targeting to eliminate the loan within six years [2] Financial Management - The individual admits to spending excessively and is uncertain about his expenses, indicating a lack of budgeting [2][4] - There is a strong consensus among commenters emphasizing the importance of building an emergency fund, with recommendations to save at least six months' worth of expenses, ideally twelve months, due to the volatility of sales income [3] - Commenters advise creating a budget by reviewing three months of bank statements, categorizing expenses, and tracking spending to gain better financial control [4][5]