Comments on: Ignoring retirement for the immediate future

By: ambellamy

ambellamy — Sat, 14 Jul 2007 18:16:56 +0000

i don’t like the idea of just loosing it all… where does all the hard work go then… no where… u start back where everyone else is if its all gone… with nothing…

i think some risk is essential because nothing is guaranteed…. but i think that you can learn when a risk is worth it while keeping some things back that don’t have so much risk attached to it… it’s all about balance… and so i second Danny…

but i won’t be risking it all in my twenties… slow and steady wins the race

By: Danny at Money Socket

Danny at Money Socket — Thu, 12 Jul 2007 22:25:53 +0000

Life is all about balance. Its good to take risks and make mistakes while we’re young, but its also dumb to ignore those risks and forget about the future. But if you’re going to make mistakes and lose money, you might as well do it now since (like business twins said) you don’t have any dependents right now.

By: Business Twins

Business Twins — Thu, 12 Jul 2007 06:10:11 +0000

I have the same mentality as the Spend Now, Save Later article. My brother and I are both 20 (identical twins) and are funding/starting an ecommerce website expected to launch in about 3 months. We are putting all our hard earned money in this business because we know that if we get 2% of the market share, we will be making millions of dollars. There is also a huge profit margin from online ecommerce sites from local retailers.

The way I look at it is I’m willing to spend 20k and lose it right now because I have nothing to lose. But once I get married and have children, I have college to pay for, a roof to keep over my head, and have food on the table. There are to many risks involved once you get older. That is unless your 30 and still living with your parents :p