As Gen X I was laughed at when I decided to buy property aged 21. The car came later, as I had my goals and priorities. Alot of friends and coworkers, decided to party away and travel overseas, so it’s no surprise that only 16% of them feel like they are on track for retirement.
If you are young and reading this. Look into the “power of compound interest” story that Mike put up. You don’t have to have a flash income or be that smart. You just need to understand certain habits.
Once when I was young a pool salesman said something to me that ignited a bit of self belief. he said, if you start now and buy real estate correctly even with just a modest income, you will most likely have more money than medical professionals in your later years.