Quote:
Originally Posted by Alexus
Being able to afford the finer things in life requires making the right decisions at the right time. Granted, not all of us were born into financial ease. I was lucky enough to have some supporting parents, who would take care of my cell phone bill, feed me home-cooked meals every day and pay me a tank of gas every now and then. I realize that not everyone is this lucky, but if you set your mind to something, you can achieve virtually anything. Putting a quarter or so of your paycheck away into a savings account every pay is a good place to start.
Doing this lead me to being able to purchase an $80,000 sports sedan; at the age of 20. Sure, I own my own business and I do some work occasionally for Strikebox and UFC, but I reckon anyone can open a savings account and instead of spending $200 on a night out at a nightclub, or on a new pair of shoe you're never going to wear, deposit the money into that account. It's not hard but it requires a lot of discipline and I believe discipline is the key to being able to afford anything and everything that you could possibly want in life.
Just my .02 cents.
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If a person simply saved $100/month starting at age 18 and never did anything more than that their entire life; they would still have over $3M by the time they were 65 years old. That's the power of compound interest; those who understand it have paid to them; those who don't pay it to someone else.