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Tech (and finance) workers have always had a surplus of wages enabling a comfortable life and plenty left over for investment. Personally, my 'worst' year inves
by itake 10mo ago
Tech (and finance) workers have always had a surplus of wages enabling a comfortable life and plenty left over for investment. Personally, my 'worst' year investing my wages is when I only saved 50%. Currently, I save 70% of my after-tax income. As a result, "double your money" is a very meaningful number.
If your income is closer to average (and stagnating inflation), there isn't much money to double.
- Kirby64 10mo ago> If your income is closer to average (and stagnating inflation), there isn't much money to double. When you’re in your 20s though, there doesn’t need to be a lot. You’ve got the magic of compound interest to work for you. I’m sure you’ve heard the statistic, but $100/mo invested over 40 years is worth a million dollars. $100/mo isn’t particularly a lot.