this post was submitted on 30 Oct 2024
22 points (95.8% liked)

Asklemmy

43723 readers
1612 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy ๐Ÿ”

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago
MODERATORS
 

Imagine being able to travel back in time and have a conversation with your younger self. What words of wisdom or advice would you share? What experiences or lessons learned would you want them to know about?

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 6 points 13 hours ago

Invest in you old age: Superannuation or some other savings device. You need to put on as much as you possibly can as soon as you can but this needn't mean you plow all your income into it straight away. Transfer or invest as little as $20 per week initially, you'll never miss it and after a few weeks or months keep increasing the amount till you've reached your ceiling. Reinvest your earnings or dividends, compound interest is a beautiful thing.