But for the sake of comparison, if you had a choice, which option appeals more to you?
a) Earn $250,000 a year, have a 70-hour work week, a $1,000,000 home and a $70,000 car. Your life is centered on the weekends. For every 5 days, you get 2 days off (you're technically trading 60% of your time for 40% of free time). Because of those large commitments, you will need to work till you're 65 before you can call it quits.
b) Earn $60,000 a year, have a 48-hour work week, a $200,000 home and take the train to work. Your life is centered on the weekends too, but you place 50% of your income in a bucket system that compounds at a rate of 8-10%. You retire comfortably at 35.
If I'm forced to choose between these 2 options, it's the easiest decision I'll ever have to make.
Option B, hands down.
Now, of course, life is full of opportunities and we have more choices than just A & B. Again, remember that not everything in life is mutually exclusive.
It's not always "either this, OR that".
The third option, is this:
Earn like A, spend & invest like B.
That's simply, badass.