Positive Wealth

Something I learned a long time ago is that someone who makes twice my salary, likely has the same amount of money to spend that I do. If you take, for example, someone who makes $50,000/yr and owns a $250,000 house and compare them to someone who makes $100,000/yr and owns a $500,000 house. The first obvious thing is that the monthly payments on the house are twice as much. If you know human nature, you can assume he is driving a car that cost twice as much as the first person.

By using this rational, anyone can save money, you just need to downgrade your lifestyle a little bit when you can.