Quote:
Originally posted by SorryI'mLuke
I have a job.
I make roughly £700 a month, not a lot.. Minimum wage, but it's something.
I'm awful at saving up too
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Use the 80/20 rule. As soon as you get your paycheck, immediately withdraw 80% of it in cash, and store it somewhere your impulse wouldn't get at ease. That's how I was able to save up money for my laser treatments, and that's how I'll end up doing with my rhinoplasty next year.
Have you heard about the Starbucks latte effect? A cup of Starbucks a day, will end up costing you $1,000,000 by the time you retire at 60. I'm too lazy to get the numbers, but that's roughly how much you'll earn if you save up $5-10 a day, with an annual return of 5-10% on average.
So please, start saving up now. Don't end up like me, a washed up hoe with no savings, no nothing
It is way too easy at age 21 to save up now and be a millionaire by 60, than me at age 27, the difficulty almost increases by a tenfold because 6 years of compound interest can do amazing wonders. Think about this way, it'll only take $10-15k and turn it into $1,000,000 at your age, than me.. I think it's gonna cost me around $30-50k just to catch up with your compound interest.
