Same back in my country. I left home at 24 cause I moved here. My brother left at 27 when he left here. Why? Because it is too expensive and mid-class people many times can't afford a rent on their own.

coming back to the OP, this concept is very similar to what Kiyosaki mentions in his books. The longer you wait, the longer you are trapped in the rat race. In Hindsight, I should have wait to buy my first brand new car with minimum downpayment and a 5 year loan. That set me back a lot as it increased my monthly obligations. At that time I did not have any plan, just to retire at 65.