View Single Post
Old 09-26-2006, 02:09 PM
  #6  
500and2
On Reserve
 
500and2's Avatar
 
Joined APC: Jan 2006
Position: In the Man Cave
Posts: 16
Default money.......

great info.

I often wonder if I would've been able to apply these principles when I was younger.

basically.. I have never had any excess money until now. (6yrs after graduating college). All my excess funds went into a/c rentals and instruction,etc.

while, it only takes a few dollars a day to invest for your future, I don't think I had the right mindset when I was younger. (If I saved 10% of my "flight costs" .... it would be around 4-6k. Enough to start a Vanguard IRA at an early age, but even with 6 yrs of compounding.... I'm didn't lose too much ground.

If you can just live beneath your means and invest the rest....... you don't need a 100k job to retire early. (unless you live in CA...... or have 10 kids.... or alimony.....etc....etc....!!!)

-any other advice for a young whipper snapper.... starting to prepare for retirement.

Thanks,

500and2
500and2 is offline