It all depends on how much more of an expensive taste you think you'll develop over time. I make 6 times what I used to make just 13 years ago, and yet I still can't seem to save much money.
It also depends on the country or region that you live in. For example, the national average income in the US (based on a report that came out this week) is around $44K; the average in Silicon Valley is $76K. And I can tell you that you can't buy a house in Silicon Valley for $76K, cuz a small 3 bedroom house costs $800K here. If you took the same $800K to another part of the country, you'd have a huge house with a lake view, in-law quarters, and land big enough that you wouldn't see your neighbors' houses.
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