It’s very doable! No doubt, it’s all about priorities and trade-offs. This person could choose not to save in retirement accounts, not have kids, live in a cheaper house (though $400K isn’t extravagant at today’s prices), buy a smaller property, or start with cash purchase and work up from there. Lots of decisions they can make.
From my experience, it’s pretty clear: with a few exceptions, for most people, the best path to building exceptional wealth is by having equity in a successful closely held business. You either have to build it from the ground up, buy it & build, or bring so much value that you’re invited to become a partner in a business you believe in.
Also, increasing income can’t be underrated. Growing income is far more effective at building wealth than just being frugal. You can only cut back so much, but there’s no cap on how much you can earn. Developing in-demand skills, pushing for promotions, and hustling can really move the dial.
Then, once you’ve grown your income and have discretionary income to work with, it’s time to invest in assets that grow over time. It’s all very doable—and very worth it! My previous post is just showing one example of what it takes. It might discourage some.....but.....it might make another hungry....those are my people.