<prompt> Human: Assume an average salary of 70,000.After taxes, rent, expenses including debtloans, and miscellaneous other expenses, I dont understand how anyone is able to save enough money to afford a house, a college fund for kids, a car, rental propertiesside businesses, etc.Even assuming 0 debt, the take home pay after most expenses will have to accumulate for seemingly many, many years just to afford a down payment on the average home in my area 500k. And after that, all of those savings are consumed with the house and you are back to 0 to save up for the next big purchase now also deducting mortgage payments from your income.Can someone break down how this may be possible. Im not talking about my financial position below, but it just seems totally unrealistic to me for someone in my area and I dont know how anyone can do it without family money, getting really lucky, or sinking yourself into super debt mortgage, loans, credit cards.Basic assumptions: 70k salary. 0 Savings at year 1. 0 debt. Want to: purchase 500k house, start a small business think convenience store, liquor store, other small business for maybe 400k?, a car 20k-30k, support a kidkids maybe college fund, save for retirement.Can anyone provide insight or maybe lay out a potential plan that someone looking for these things might follow?ThanksAssistant: Also, doesnt it seem like TOTAL robbery that a bank can offer a 400k mortgage for a 500k house. And after a 30 year mortgage with 5 interest, the bank takes home, what, 750k for a 400k loan? Ouch.  <response>: No, it doesnt. 