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Or .... don't bother going to school and just work in construction and manual labor in your own small business.
It's what I did for myself and now I own four properties and several vehicles without any debt. It's all remote properties and all my vehicles are all old used and well worn .... but at least I own everything outright.
Alright, we all stopped going to college and all of us started our own construction business. How do I get laborers? Everyone is just trying to get me to work at their construction company.
Just Become a Small Business Tyrant is an excellent way to get rich quick... assuming you've got friends and family who can give you the inside contractor route.
Hell, that's how Bill Gates made it big. His mom, a Board Member at IBM, handed her son the contract to design a novel OS. And now he's a billionaire 80 times over! No student debt to speak of, because he Learnt 2 Code.
I mean, I'd rather be paying a 2% note on debt when my equities are doing 30% in a year. But I'm not really a business guy.
My story didn't mean to imply how to become a millionaire .... it's a story of how to live within your means
All my property value is probably less than one small urban apartment and all my old vehicles are worth less than one brand new car.
I work for myself and don't bother expanding. It all just means that the money I make was only for myself and only within my means. My house would probably be looked at like a country bumpkin but I'm not a right wing libertarian ... I'm actually a liberal supporting socially minded leftist who also supports minorities and LGBT and women's rights.
I'm indigenous Canadian and from the very start of my life I knew I was on my own so I had to live that way .... but it didn't mean that I gave up supporting others around me who were dealing with the same issues.
When cost of living outpaces working income, the only way to live within your means is to speculate on the future price of those means. Investment is effectively a hedge against inflation.
That works so long as you don't encounter a tail-risk that blows up your budget. A big medical bill or a major housing repair or some other unexpected liability can immediately threaten all your accrued wealth. Alternatively, a state agency may decide your property is more valuable in the hands of a better-politically-connected business interest and seize it at "fair" market value via eminent domain.
I'm in Texas, and I've heard more than a few stories of folks with multi-generational family property on the receiving end of a cattle rancher or an oil tycoon who can just snatch up adjacent real estate.
That's a rough way to live. It leaves you vulnerable to the slings and arrows of misfortune and the whims of more powerful neighbors. At some point, you need to be part of a larger community as insulation against long-term risks and regional conflicts.
Otherwise living within your means just means living by the skin of your teeth. It works until it doesn't.
This isn't a solution because if everyone did this then those trades would be oversaturated and not worth as much anymore. We need institutional solutions that benefit everyone like making school cheaper.