Re:Ask HN: What would you do if you could start over?
by sarchertech on Tuesday January 16, 2024 @08:59PM
(#39022183)
At 21, I needed just about every dime I had to live on. If I had worked as hard as I could without affecting my grades, I could maybe have saved $2k.
In an index fund for 40 years with an average rate of return, after inflation, it would be worth about $35k.
Not enough money to make any difference at all, and to save any more would have probably had a negative rate of return because it would have negativity impacted my job prospects.
Now that I make more than enough money to save for an early retirement, I’m glad I had the experiences I did rather than save every penny I could through my 20s.
In an index fund for 40 years with an average rate of return, after inflation, it would be worth about $35k.
Not enough money to make any difference at all, and to save any more would have probably had a negative rate of return because it would have negativity impacted my job prospects.
Now that I make more than enough money to save for an early retirement, I’m glad I had the experiences I did rather than save every penny I could through my 20s.