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I saved a lot ($70k+) from contractor jobs in my 20's and invested in index funds, this was in the bull market of start 2000. Because the stock market has remai
by kerrsclyde 11y ago
I saved a lot ($70k+) from contractor jobs in my 20's and invested in index funds, this was in the bull market of start 2000. Because the stock market has remained relatively flat since then the magic of compound interest has not materialised - the funds are not worth significantly more than when I invested the money. I don't regret it but I still expect to be working for another 35 years, minimum.
- kzisme 11y agoWhat sort of contractual jobs have you worked on to being saving that much? I'm a senior currently, and at age 22 I try to save as much as a I can. Getting a side job would be wonderful.
- kerrsclyde 11y agoThis was in the dot com boom 1996 to 2002-ish, I was working then in ASP, SQL Server, IIS - web dev was a rare skill at that time. The excesses back then were frightening, I saw web site jobs for $50k which now wouldn't cost $500. The main factor though was living with parents, commuting only a couple of miles and being extremely frugal :-)