Hi anon! :) I come from a lower middle class family where my parents' retirement plans are their children (is this an Asian thing? Haha) and they have no investments at all. In fact, they recently terminated their health insurance plans and I am struggling trying to convince them to reinstate their plans so I am not as lucky as you. My $550 Braun buffel handbag which I bought 3 years ago was my promotion present to myself and that's my only luxury good. But once a year I'll clear all my leave to go on one big holiday, while spending within my means! :) Anyway, I started off thinking I would be okay with having a mid 2-3k income (similar thought process as you). However as I grew older, family expands, expenses inevitably increase as well. My family also leads a modest lifestyle, sharing food and only eating out on birthdays (not even new year or national day we would eat out!) I don't live paycheck to paycheck but since my promotion, I had more excess money and this gives me flexibility of choice and how I want to better support my big family, without compromising on my future family planning. My opinion is, if you can afford it, work hard while you still have the time and energy to do so but once you feel you really just want to enjoy life, you can always "downgrade" to do so. And this is really thinking far off into the future how your decision might affect it. All the best to you!