>the guy breaks down where minimum wage money goes
He starts out by assuming a private single dwelling and a 40-hour work week with no overtime ever or any kind of supplemental income. That's not how you save money on minimum wage.
Two thirds of it is going to housing for one, which could house at least two people (especially a couple), and probably four in a pinch. A private apartment is a luxury.
You don't start your career as a minimum-wage lifer renting a private apartment. You either live with your parents or you live on a friend's couch until you get money for a deposit together, then you find roommates or a girlfriend.
So right away, that's $5,000-$10,000 (I'm converting to dollars because fuck King George) more potential savings than Sargon is willing to acknowledge (I think he's skipping over some tax deductions, too).
Then there's the second job, or odd jobs, or overtime. Find a way to work the equivalent of eight hours per week at the same wage, and you've got another $3,000 of potential yearly savings.
So let's say a kid drops out at 16, and his parents let him keep his room for a while. By college graduation age (22), he can have a $100,000 investment portfolio (factoring in some interest). Then he moves out and lives with roommates, so he's spending more and can only save $10,000 per year. Assuming 5% interest, he's got a quarter-million by the time he's 30, and he no longer has to work to live. At this point, he marries a like-minded 22-year-old girl and adds her $100,000 to the pot. They both work for four more years and bring it to a half million before they start having kids. He works, she stays home, they have a $40,000/year income and a half-million-dollar nest egg to fall back on. When he's 43 and she's 35, they have 3 kids no younger than 5 years old, and she can go back to part-time work.
Also:
>barely making ends meet
>paying the TV license
srsly?