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As some others in this thread have said (and Patrick discusses in the post), there are lots of things you can do to much more directly impact your change of bec
by conorgil145 10y ago
As some others in this thread have said (and Patrick discusses in the post), there are lots of things you can do to much more directly impact your change of becoming rich and retiring well/early than optimizing your investments: get a really good salary and don't spend a lot of money. One blog which I have read is Mr Money Mustache [1], which focuses on those same concepts. Many of the posts are good reads.
[1]: http://www.mrmoneymustache.com/all-the-posts-since-the-beginning-of-time/ http://www.mrmoneymustache.com/all-the-posts-since-the-begin...
- mholmes680 10y agoThis site was a eureka moment for me, but I've yet to convince my wife that every sacrifice is worth it - and I don't blame her. The comments/forum on the site are some good reading too, tho I think the guy did get a little lucky along the way. If nothing else, that site made me realize where i stood on the consumer/producer scale, and what i needed to do to feel better about my future.
- charlesdm 10y agoI don't really agree with that. Investing well is almost always more important than worrying about small expenses. Do you know how many people don't invest? Like, 99% of people.
- loeg 10y agoIt depends on how long you have until retirement, which is influenced by your saving rate as a percentage of income. If you can save 99% of your income, you can retire real fast and your investment choices don't impact your pre-retirement earnings very much. (That's pretty much the gist of this post: http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim... ) That said, you need to be invested somewhat just to fund retirement. It can be pretty conservative, though.