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> the wise old age of 36 Ha Ha! That really is pretty funny, and extremely telling of who actually is reading this stuff. Thrust me millenials, you still have
by johnea 3y ago
> the wise old age of 36
Ha Ha! That really is pretty funny, and extremely telling of who actually is reading this stuff.
Thrust me millenials, you still have a long way to go... What you're calling "all grown up" is still not even into middle age.
But, the gist of the article does survive a forensic analysis even decades after the age of this author: discovering compound interest at a young age is indeed a major source of accruing financial success.
Of course, for most people this can't really be taught. I've been trying to tell my mid-20s son to invest 20% of his take home into a ROTH for years. Trust me, there is no satisfaction in being told "yes, you were right" once it's too late...
- JohnFen 3y ago> discovering compound interest at a young age is indeed a major source of accruing financial success. THIS! I didn't listen to my parents when they tried to teach this to me, and I wish I had. If I had, I would not only be wealthier, but would have lived a happier life too. I picked up on it in my late 30s, and while it still served me well, it would have served me exponentially better if I'd listened to my parents in my teens.