On day 1 of working , max out your 401k , S&P 500 index low cost fund , any other money, also s&p 500; stay away from wealth managers. It’s not that they steal from you or will do a bad job, it’s just that their fees typically don’t make much sense and very rarely beat the market.
I’m 23 right now, working full time, and my free time is just recovering from working. I don’t have a social life, and no time to date, or work on personal projects. I’m struggling to decide whether or not to go part time, I’ve calculated that I can barely scrape by if I reduce my working hours to just three days a week, but then I’m not saving anything.
Everyone around me says I’m doing the right thing, because I’m putting away a good amount into my savings and investments, but I wonder if I’ll regret it later. I wonder if I’ll regret trading my youth for an early retirement…
You need hobbies and a little bit of a social life just to stay sane. Retiring at 45 a multimillionaire sounds amazing, but if you never developed social skills as an adult or know what you love in life, what's the point? Better to delay that to 50 or 55 and enjoy life a bit more.
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u/___NowYouKnow___ 13h ago
On day 1 of working , max out your 401k , S&P 500 index low cost fund , any other money, also s&p 500; stay away from wealth managers. It’s not that they steal from you or will do a bad job, it’s just that their fees typically don’t make much sense and very rarely beat the market.