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Author: pedorrero Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Re: Now 20, starting to think about retirment Date: 8/13/2007 10:14 AM
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I already replied on the REHP board, but I wanted to reinforce the idea that failing short-cuts such as inheriting wealth (worked for me -- thanks Mom and Dad -- retired at 41 ) it appears the trick is to save, save, save. Or rather: invest, invest, invest. Houses, stock market, whatever. Not in the bank paying a puny interest rate that doesn't even keep up with inflation. There is nothing wrong with working hard but hopefully it'll be at something you love (psychically rewarding). The biggest problem with youth, and I speak from experience, is the tendency to want it all now, to blow all your money (and more, with the magic credit cad) on stuff that will do jack *&$# for you ten years from now. If you can avoid spending it all on wine women and song, or I guess nowadays that would be drugs, booze, women, men, and domestic animals, Ipods, and a hot sports car, then you are way ahead of the pack when it comes to retirement savings.

-- Another rambling post from Pedorrero
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