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submitted 10 months ago by semperpeppe@feddit.it to c/memes@lemmy.ml
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[-] blanketswithsmallpox@lemmy.world 8 points 10 months ago

Start putting into your 401K or Roth IRA now. The earlier you start the easier it is to retire.

It's the same for your house loans. The more you can pay EARLY, the faster the loan gets paid off. If you start paying more down later into loan, it's not worth as much.

The magic of compound interest and need for high growth economies to sustain printing money from nothing.

this post was submitted on 05 Nov 2023
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