A standard 10% savings rate won’t cut it for most of us any longer. Fund your 401(k) and Roth IRA. Build an emergency fund. Aim to save and invest at least 20% of your paycheck.
College graduates earn more than non-grads. Them’s the facts. Exceptions apply but never count on being an exception. Don’t allow people to talk you out of a smart career move.
In other words, “Spend your cash on temporary happiness crap“. How about this: You only live once. Achieve FI & do whatever the heck you want for the rest of your life. That sounds much more satisfying to me.