Asklemmy

43807 readers

730 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

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

Open-ended question
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.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
[email protected]: a community for finding communities

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

founded 5 years ago

MODERATORS

[email protected]

116

What advice would you give to people in their 20s? (midwest.social)

submitted 3 months ago by [email protected] to c/[email protected]

118 comments fedilink hide all child comments

Feel free to share any life experiences or anecdotes.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 19 points 3 months ago* (last edited 3 months ago)

— Invest at least 10% of your income into the S&P or Large Growth fund – Roth IRA or 401k if you’re still in a low tax bracket (12% here in the states). Raise the contribution percentage as you raise your income. It may not seem like a lot now but 40+ years of compounding interest goes a long way.

— A gambler on a good day will just about break even. The quickest way to do that is simply not to play. Remember when the game is rigged against you, you don’t have to play. The house always wins.

That said, play your own game. If you look at someone else’s and try to play like them you’ll mess up your own. Play your own game in life.