Building equity on minimum wage.
Assuming its possible, how would you do it? Since many people on this forum pride themselves on astute financial sense and frugality, I'd really like to hear how you would attempt to do this. Perhaps the following hypothetical scenario will motivate you:
Suppose you lose your job and a great accident befalls you that now makes you incompetent in your current profession, and you also love your home as well all other investments. With little alternative other than working a low-wage, low-skill job, how would you go about building equity? Are any of you frugal enough to live on the minimum wage and stash a sizable chunk away as savings?
For those who admittedly can't, what salary do you think is the lowest you can live on while building equity (albeit at a very slow rate)?
Suppose you lose your job and a great accident befalls you that now makes you incompetent in your current profession, and you also love your home as well all other investments. With little alternative other than working a low-wage, low-skill job, how would you go about building equity? Are any of you frugal enough to live on the minimum wage and stash a sizable chunk away as savings?
For those who admittedly can't, what salary do you think is the lowest you can live on while building equity (albeit at a very slow rate)?