Re:The days are long but the decades are short
by peteretep on Wednesday April 29, 2015 @12:14AM
(#9456449)
> Start saving and investing as early as you can. If you
> haven't, do it on a war footing. Get rid of debt.
Yeah, maybe. My net positive worth went red about age 18, and stayed that way (sometimes drastically) until I was about 30, when I finally clawed my way back out of the debt hole.
The decisions I made, the things I learned, the rash choices I made, decisions to quit jobs and do something exciting when I couldn't afford it, randomly moving to another country without any kind of security net, dumb startups that I didn't have the savings to bootstrap properly, holidays I took that I couldn't afford, needing to execute on things because without it I wouldn't eat, starting (and then finishing) an expensive degree I couldn't afford, the partying I did...
I wouldn't change it for a thing. If I die tomorrow, I will have lived.
Those experiences are what have put me in the very solid earning position I'm in now. I save nearly 70% of what I earn, I've been out of debt and had solid savings for a while, and I have a great standard of living.
Leaving it all to Lady Luck and hoping that it works out OK in the end is obviously a risky strategy, but the idea that your 20s should be about scrimping and saving rather than getting out there and screwing stuff up is equally risky.
The decisions I made, the things I learned, the rash choices I made, decisions to quit jobs and do something exciting when I couldn't afford it, randomly moving to another country without any kind of security net, dumb startups that I didn't have the savings to bootstrap properly, holidays I took that I couldn't afford, needing to execute on things because without it I wouldn't eat, starting (and then finishing) an expensive degree I couldn't afford, the partying I did...
I wouldn't change it for a thing. If I die tomorrow, I will have lived.
Those experiences are what have put me in the very solid earning position I'm in now. I save nearly 70% of what I earn, I've been out of debt and had solid savings for a while, and I have a great standard of living.
Leaving it all to Lady Luck and hoping that it works out OK in the end is obviously a risky strategy, but the idea that your 20s should be about scrimping and saving rather than getting out there and screwing stuff up is equally risky.