this post was submitted on 05 Nov 2023
937 points (98.3% liked)
Memes
45546 readers
1395 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Start putting into your 401K or Roth IRA now. The earlier you start the easier it is to retire.
It's the same for your house loans. The more you can pay EARLY, the faster the loan gets paid off. If you start paying more down later into loan, it's not worth as much.
The magic of compound interest and need for high growth economies to sustain printing money from nothing.