If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
mrmoneymustache.com
If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
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Re: If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
#2>> "Because here’s the thing about your 20s. They are the time to work. The very, very best time in your life to work your ass off and create an exponential snowball of money, skills, and friendships. Your brain will never be more sponge-like and inexhaustible. You will never feel more motivated and less cynical than you do now. And you will never have another decade of pre-childraising freedom in your life."
Reminds me a lot of:
>> "Economically, you can think of a startup as a way to compress your whole working life into a few years. Instead of working at a low intensity for forty years, you work as hard as you possibly can for four." [1]
Re: If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
#3> Because here’s the thing about your 20s. They are the time to work. The very, very best time in your life to work your ass off and create an exponential snowball of money, skills, and friendships. Your brain will never be more sponge-like and inexhaustible. You will never feel more motivated and less cynical than you do now. And you will never have another decade of pre-childraising freedom in your life.
Exactly, so waste it working yourself to the bone instead of actually living.
> There’s plenty of room at the edges for laughs over fine tequila and winks over surreptitious servings of weed.
When, you just advocated staying up until 2:30am or 6:00am working.
> All the hard workers already run their own company.
Arrogant dick.
> Luckily, this is a happy situation and something to celebrate rather than dread. Doing your ultimate work is the core of human satisfaction
If you want to be a workaholic or are defined by your job, sure.
Re: If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
#4Nothing against working one's ass off, or earning money. But considering the tuple of:
(money,skills,love/sex/friendships,experience,awareness)
Re: If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
#5If you are woman and want kids, biologically speaking, your twenties are the best time to make that happen.
He talks about "These days, kids tend to happen in your thirties." That tends to work fine if you are male. If you are female, it gets vastly more complicated to put off kids until after age thirty. I have to wonder how old his wife was when they started having kids. Most hetero relationships tend to be older man, younger woman. Men can easily put off becoming a parent until their thirties, in part by marrying a younger woman. That works less well if you are female.
Re: If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
#6> Your brain will never be more sponge-like and inexhaustible. You will never feel more motivated and less cynical than you do now. And you will never have another decade of pre-childraising freedom in your life.
Except, well, this is all either not true or overgeneralized.
1) Your brain was more sponge-like an inexhaustible in your teens than your twenties, and more in the decade before that than in your teens.
2) I'm 42. I was more motivated and less cynical in my 30s than my 20s. I'm more motivated and less cynical now than in my 30s.
3) I'm 42. My first child will (if all goes well) be born sometime around the end of this year. I'm pretty sure that means I had "another decade of pre-childraising freedom" after my 20s. (OTOH, lots of people don't have a decade of pre-childraising freedom in their 20s.)
Re: If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
#7If you are woman and want kids, biologically speaking, your twenties are the best time to make that happen. He talks about "These days, kids tend to happen in your thirties." That tends to work fine if you are male. If you are female, it gets vastly more complicated to put off kids until after age thirty. I have to wonder how old his wife was when they started having kids. Most hetero relationships tend to be older m…
Doesn't the rate of birth defects start to rise quickly as the man ages into their 30s?
Re: If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
#8If you are woman and want kids, biologically speaking, your twenties are the best time to make that happen. He talks about "These days, kids tend to happen in your thirties." That tends to work fine if you are male. If you are female, it gets vastly more complicated to put off kids until after age thirty. I have to wonder how old his wife was when they started having kids. Most hetero relationships tend to be older m…
Doesn't the rate of birth defects start to rise quickly as the man ages into their 30s?
My understanding: Yes, older men do see some increase in things like that. But it is a much bigger problem in women, for a long list of reasons. For example, women are born with all the eggs they will ever have. Sperm is produced "fresh." Also, the woman is the incubator.
Re: If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
#9Mr. Money Mustache's blog tells the story of how to live a life free from worry about earning money, by obsessively worrying about the money implications of every decision in your life. So, this post is par for the course.
The author of the referenced article makes the point that there is more to being young than saving money. Mr. Money Mustache counters that if you don't worry about saving money when you're young, you'll have less of it when you're older. These two opinions are in violent agreement! It's almost a tautology.
Re: If You’re Not Getting Rich in Your 20s, You’re Doing It Wrong
#10Earlier quoted context omitted.
Doesn't the rate of birth defects start to rise quickly as the man ages into their 30s?
My understanding: Yes, older men do see some increase in things like that. But it is a much bigger problem in women, for a long list of reasons. For example, women are born with all the eggs they will ever have. Sperm is produced "fresh." Also, the woman is the incubator.
I've often thought about freezing some eggs, but I heard egg damage can still occur, not to mention physical issues like a freezer failing or costs.
Also not much research exists on the possible hidden later stage development errors, that babies born from frozen eggs could have.