Another related thing I have seen a lot is people obsessing over investing and thinking they can work 10 years and be independently wealthly if they invest well.
Well maybe if you have a crazy huge income compared to expenses but it will be on savings rate not investment returns. Investment returns just are not going to drive asset growth until your assets are like 10 or 20 times your savings rate. Which is 10 or 20 years out.
Another related thing I have seen a lot is people obsessing over investing and thinking they can work 10 years and be independently wealthly if they invest well.
Well maybe if you have a crazy huge income compared to expenses but it will be on savings rate not investment returns. Investment returns just are not going to drive asset growth until your assets are like 10 or 20 times your savings rate. Which is 10 or 20 years out.