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Education and risk-taking in your 20's is far superior to trying to save for retirement from 20 years old. Education, yes...Risk taking? That depends on h
by ido 5y ago
Education and risk-taking in your 20's is far superior
to trying to save for retirement from 20 years old.
Education, yes...Risk taking? That depends on how the risk turns out ;)
I'm 38 and have been an entrepreneur several times (currently managing a small startup of 5 employees). I would have been at a much better situation financially if I decided at age 20 to optimize for getting hired at a FAANG-type company and going up the ranks while saving a good portion of my salary. And that would have had a small fraction of the risk of starting my own company.
- frankbreetz 5y agosounds like you should have given up risk takeing toward the end of your 20s
- ido 5y agoI like where I ended up! But it was not the financially optimal outcome.
- Mikeb85 5y agoRisk can take many forms. Going to college at all can be considered a risk versus going into a trade depending on your socioeconomic status.
- ido 5y agoNot if you study CS. That must be the least risky profession you can learn (if you have the aptitude and interest for it at leaset).