Balance is the key !!!I think that is basically very good advice, for people who can afford to do so and still enjoy their youth.The biggest positive that came from investing heavily for retirement very early on was that now, at 44...I don't stress about the corporate BS, power struggles, and fighting to climb the ladder for that ever bigger bonus...
Invest early!
How much fun did you have when you were heavily investing in your twenties?
Were you so busy working to save for retirement, "stressing about the corporate BS, power struggles, and fighting to climb the ladder for that ever bigger bonus." (your words), that you had limited free time and energy for the people you loved and the things you loved to do?
What if you suddenly died at age 40 with all your money unspent? Would your heirs have been able to say "He lived a short but happy and fulfilled life?"
If so, then I agree your strategy worked very well for you.
My feeling, for those who can afford it, is that what is most important is finding a proper balance between enjoying the present ("carpe diem") and planning for the future. That proper balance varies from person to person.
Our kids were able to start real early - we were not. Both 'starts' will work out just fine with a reasonable plan and some decent goals along the way.
Statistics: Posted by smitcat — Thu Aug 01, 2024 10:23 am — Replies 126 — Views 20726