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The Principles of Prudence
If you have an income, live below your means. Spending two % o yor networth doesn't work for a lot of people, but i think it's something to aspire for. I've heard it put to tha it's standard among the super rich to spend about two % of their net worth per year. If homes were affordable on one or two years of a middle class income and savings were possible, we would not be in this mess today.