11th August 2023, 7:41 PM
All you need to do to be financially successful in life is to keep your expenses below your income and stay out of debt.
Anyone can work a 9-5 job and retire with millions by limiting their spending and prioritizing their savings rate.
The stock market on average returns 10% a year, so if you invest $10,000 a year over a 40 year time horizon you will end up with $4.8 million by the time you retire.
Discipline and consistency when it comes to saving and investing is far more important than simply having a high paying job. There are people who retired with millions that never made more than $40k a year over their career but practiced financial discipline and good habits. Conversely, there are doctors and lawyers that live paycheck to paycheck because they have bad financial habits and spend every penny they earn. At the end of the day the determining factor of whether or not you're financially successful over the course of your life is yourself.
Anyone can work a 9-5 job and retire with millions by limiting their spending and prioritizing their savings rate.
The stock market on average returns 10% a year, so if you invest $10,000 a year over a 40 year time horizon you will end up with $4.8 million by the time you retire.
Discipline and consistency when it comes to saving and investing is far more important than simply having a high paying job. There are people who retired with millions that never made more than $40k a year over their career but practiced financial discipline and good habits. Conversely, there are doctors and lawyers that live paycheck to paycheck because they have bad financial habits and spend every penny they earn. At the end of the day the determining factor of whether or not you're financially successful over the course of your life is yourself.
