Spend Now, Save Later is an article I found on Wednesday. This article kinda hits home for me.
The article talks about recent graduates who want to invest in their success, rather than build their retirement nest egg. In contrast to those $30,000 Millionaires, this group is serious about establishing wealth for themselves. What sets them apart from the rest of us is their tolerance for risk. They’re willing to give it all up!
But who can blame them? I hear everywhere that those in their 20s are young. By being young, you can take greater risk in your finances. In other words, risk it now, hope for the best, and work in an office if things go sour later down the line.
Personally, I am somewhere in the between the extremes (save all your money vs. use all your money). I am not afraid to invest my time and money into a side business project. I find the adventure of entrepreneurship to be exhilarating. However, I am not prepared to lose it all by age 30, and have to worry about where I will get money for next month’s rent. I have more significant priorities than just being young and rich.