My wife and I have over $250,000 after 5 years of marriage, and we're both just 25 years old. Here's how we did it.

My wife and I got married 5 years ago. We both started working in 2019, and managed to save over $250,000 since then. I think there's a bit of luck involved, but I'd like to share what we did and continue to do.<br><br>&#x200B;<br><br>**My career**<br><br>I got a scholarship to university, so I didn't have to pay any tuition fees. I studied computer science, and graduated with honours in 2019. I landed a high paying job at a tech firm, and was making $80,000 right out of university. My salary has since grown to over $150,000 just by performing well in my job. I'm planning to switch careers to medicine as soon as possible, as tech is a highly volatile field.<br><br>&#x200B;<br><br>**My wife's career**<br><br>My wife is a trained optometrist. She graduated from university with over $60,000 in student loans, but we managed to pay off all of her loans within the first year. She was lucky to find a job right out of university, and has grown her salary to over $150,000 as well. She is planning to switch careers to medicine just like me, and we're currently studying for the MCAT together.<br><br>&#x200B;<br><br>**Living cheaply**<br><br>We try to live below our means as much as possible to save as much money as possible. Here are some of the ways we do it.<br><br>* **Housing.** We live in a 2 bedroom apartment in a reasonably-priced neighborhood. We were lucky to find it at under $1,500/month. We don't pay rent, as we managed to buy it outright with the help of some of our parents. We managed to get a really good deal on the house, as we bought it before covid caused housing prices to skyrocket worldwide. We think that our house is worth around $500,000 now. I know that living in an apartment is reasonably priced, but there's not much we can do about it. We think that buying a house would actually be more expensive, even though houses tend to be bigger than apartments.<br>* **Food and groceries.** We eat out once or twice a week, and the rest of the time we cook at home. It's much cheaper, as well as healthier. We try to avoid buying expensive food, and opt for more affordable options. For example, we buy rice instead of quinoa, and we buy more affordable cuts of meat like chicken or pork.<br>* **Savings.** We try to save 50% of our income every month. We put that money in a high-yield savings account, and use it to invest in the stock market.<br><br>&#x200B;<br><br>**Investing**<br><br>We use most of our savings to invest in the stock market. We think that the long-term returns are worth the risk, as we are both young and have enough to fall back on. We diversify our investments across different sectors to minimize our risk. For example, we invest in tech, healthcare, finance, and retail, as well as index funds and REITs.<br><br>&#x200B;<br><br>**What it's like to be in a high-paying field**<br><br>I feel like we're both really privileged to be able to earn so much. I know that other people work much harder for much less, and those people deserve to earn more. I recognize that there is a lot of inequality in society today, and I wish that I could do more about it.<br><br>&#x200B;<br><br>**Our plans**<br><br>Now that we have saved over $250,000, we plan to continue investing and saving. We want to retire early, but we know that it's a long way to go before we can do that. We're trying to enjoy life as much as we can while saving enough for the future.<br><br>&#x200B;<br><br>**In conclusion**<br><br>We're really lucky to have been able to save so much money at such a young age. I know that we're privileged, but I hope that our experience can help others. I believe that the key to saving money is living below your means, and investing your savings wisely.<br><br>&#x200B;<br><br>Edit: Grammar corrections<br><br>Edit2: Thank you all for the awards! I really appreciate it.