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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Compound interest although great on paper is not as valuable as the fun you could have had with it when you were younger. I regret saving small amounts in my early/mid 20s. The fun you can have with small amounts of money when you are young significantly exceeds it when you are older. I’m in my mid 40s, yeah maybe I have a few hundred thousand more now because I saved in my early 20s but spending that money would have brought more pleasure. Now I see my parents who just turned 80, they don’t really spend much anymore. Wealth is wasted on the old, it should be the young that have money but the world doesn’t work that way.[/quote] Agreed, that get rich slowly philosophy is a scam. What’s the point of being rich when you are old and have dementia or something similar. Better to spend it when you can actually enjoy it. [/quote]
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