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Not learning how to invest my money in early 20’s instead of spending it all on crap I didn’t need and not having the foresight to know I could have been in a m
by sizzle 4y ago
Not learning how to invest my money in early 20’s instead of spending it all on crap I didn’t need and not having the foresight to know I could have been in a much better position today financially had I just put my money away in the market rather than lighting it on fire with stupid material purchases that are in a landfill somewhere today.
If you are young and have an income stream, do your future self a favor and invest in a diversified fund as much as you can and a 401k and don’t touch it until you’re ready to retire. Compound growth is insane.
- userulluipeste 4y agoWeren't your purchases impacted the quality of life you had at the moment? I don't know your particular context, but living in the moment vs. preparing for future is an old and common theme to many (i.e. almost all) of us, and buyer's remorse is a real but unfair frame of thought to judge ourselves. Also, investment requires discipline and foresight (intelligence) that come a bit later, as we grow. I for one, am glad for acquiring the benefits of that growth when I did, although it didn't hurt to have had it earlier.
- sizzle 4y agoI like your take on this and you are kind to yourself, wish I could learn to take that perspective. I’m not talking about spending money traveling and on experiences, I think those are worth every penny. I’m talking about blowing money living paycheck to paycheck instead of growing my savings on designer clothes and modifying cars, etc. trying to look a certain way among people my age and trying to impress the opposite sex. None of that stuff matters now and didn’t back then in retrospect. I found my spouse partaking in a free hobby. I guess hindsight is 20/20 as they say, back then I was surrounded by social and single college friends looking to find partners to date.