[kevstev]

I found that fortunately right out of school I was very content- I had roommates, but I enjoyed that lifestyle. I had enough to put away each month into retirement and outside savings accounts and life was good.

Then I got a serious girlfriend. We moved in together. We were getting a bit older and eating dinner on the couch because our tiny apartment couldn't fit a table grew old. We got a bigger/nicer place. This was ok, I was making about 2x what I was when I first got out of school. Life was good.

We got married, we hit 30. We were tired of being at the whims of landlords and ever steeply increasing rents in our area. We bought a condo, with the intent on staying put more than 3 years (as opposed to moving every 1-2 like we had previously. It was a big scary commitment to take on, and it was right in the middle of the financial crisis. My comp stagnated for 3 years as I was at a company that at the end of each year said "well you know, money is tight..." Overall though, we could afford our place, our savings was growing, and as we started leaving the crisis, my retirement and brokerage accounts started to bloom. I eventually ditched the shitty company and joined a legit tech company for a 50% total comp increase. At one point, all my other savings exceeded what I owed on my mortgage, which was a big relief. I life was good.

We have been married about 5 years, our condo is great, but not big enough for a family. Our neighborhood, which we love, and while was one considered "bad" is now quite desirable as people realized the commute into the core of the city was quite easy. Property values are through the roof. I DREAD the notion of going back to living in a check to check fashion. An upgrade to a forever home in our area is going to cost us 2-3M. My wife and I both work relatively long hours. We either face moving out of the city and into the burbs, but trading that for a long commute, or having a mortgage that could potentially ruin us and cause great stress. I like my job, but I did get a call from a competing company, where I could potentially 1.5x my comp again... life is good?

I hope this gives some perspective on how the salary treadmill happens. We are in a very high cost of living area/tech hub, this would look a lot different if I was in the midwest, but I think this path is pretty typical for those living on the coasts these days.

[arandr0x]

I'm in kinda that position (keeping the condo not having more than 1 kid, though). And honestly the sad thing is the kids don't care. Growing up my parents did the whole, salary treadmill, long hours, 30% travel, Saturday conference call business. The money's gone. The vacations forgotten. It kind of sucks nobody cooked in my home and I had to learn how to boil pasta at 17. I don't have college debt, but it's not like I use my degree anyway. I'm not sure all the stuff my parents doubtless told themselves they were doing for me was worth it.

[mathgeek]

You’re alive, it sounds like your life is pretty stable, and you obviously understand the value of providing for your own kid(s). I’d say your parents spent their time well, even if they (like all of us) made some mistakes along the way.

One of my favorite sayings is that every single new parent, upon arriving home with their first child, immediately realizes that they have no clue what they’re supposed to do now. We’ve all been there, and so were our parents.

Those who choose to try and give their kids a good life at their own expense are always doing something right.