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Old 04-10-2014, 09:31 PM
 
Location: Saint Johns, FL
1,193 posts, read 943,629 times
Reputation: 1267

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Tell myself to invest in Dividend Paying stocks that are reinvested, and in tax free accounts. (and not in an index fund).
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Old 04-10-2014, 10:18 PM
 
Location: SW MO
23,605 posts, read 31,497,588 times
Reputation: 29076
Advice? Don't grow any older. And while you're doing that, live beneath your means but not to the point of deprivation. Enjoy the adventure of life.
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Old 04-10-2014, 10:19 PM
 
Location: Prescott Valley,az summer/east valley Az winter
2,042 posts, read 3,629,170 times
Reputation: 7884
ROTH accounts are made for the younger saver~ years of tax free savings. After the match~ or if they'll match into a ROTH do that. Time enough for the tax deferred stuff in your prime earning years just before retirement

You do not mention wife or family but saving as much as possible towards retirement young is good to a point. Family will be important. I even worked a part time job to do the house thing. No real regrets and living ok now. Do not try that " I must keep up with the Joneses" thing.
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Old 04-11-2014, 03:34 AM
 
Location: Tampa, FL
27,798 posts, read 26,227,061 times
Reputation: 14611
Quote:
Originally Posted by Geo-Aggie View Post

Any advice would be awesome! Thirty-five years from now I want a comfortable retirement in a nice suburban home with a $50,000 sports car and yearly vacations to somewhere new, just like all of you wonderful planners!



Thanks!
A $50k sports car in retirement and the associated maintenance and insurance isn't necessarily my idea of a good move in retirement. But to get to this luxury (along w/ others like having a comfortable home, being able to travel,) you'll definitely have to make the right moves early in your career with smart, regular investing.
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Old 04-11-2014, 04:24 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,622 posts, read 39,986,663 times
Reputation: 23775
Fund early, fund often, live cheap, diversify.

I use 40% growth equities; 30% investment real estate, 30% investment income. Worked 3 jobs from age 15 to age 35. Bought 4 homes during that time. Just bought property # 22. some I keep, some I sell. Every investment u make... Remember that the gain is based on the price you pay. Never over pay going in. Know your exit price and strategy BEFORE u buy.

Work hard, enjoy the journey. Including the detours and road blocks. There will be plenty. It's not magic, it's not free. But please make it fun 4 u and others. Poof... Ur GONE!...
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Old 04-11-2014, 07:09 AM
 
Location: Sugarmill Woods , FL
6,235 posts, read 5,907,508 times
Reputation: 13647
33 years ago when I was 25, I got an entry level job with the municipality I lived in. As a benefit included was the "defined benefit" pension. I was able to retire very comfortably at 55, and can't outlive my pension benefits! Defined benefit pensions are REAL pensions that ensure you will have enough to live on, not extravagantly but you can live quite well. Not a sophisticated solution but it worked for me.
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Old 04-11-2014, 08:54 AM
 
Location: Cumberland Maine
832 posts, read 958,277 times
Reputation: 1685
Marry someone that is filthy rich. And don't sign any pre-nup agreements!!!
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Old 04-11-2014, 10:03 AM
 
Location: Tampa, FL
27,798 posts, read 26,227,061 times
Reputation: 14611
Quote:
Originally Posted by StealthRabbit View Post
Fund early, fund often, live cheap, diversify.

...
You might find that living a life beneath your means extends into retirement and you won't spend $50k on a luxury car even when you have the money - and you'll settle for an economy car at $25k. Old habits are hard to break - even good ones.
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Old 04-14-2014, 09:41 AM
 
297 posts, read 669,124 times
Reputation: 276
Seriously, if I could go back and talk to my 28-year-old self, I'd say don't spend so much money on ** things**. Spend your "mad money" or entertainment money on **experiences** like travel, festivals, and the like. You'll have fun and have the memories without a bunch of stuff around that's lost its value.

Don't become a hoarder or an over-zealous collector. Live with less stuff. Don't get so many pets that they keep you from doing things you want (I love my pets but we have too many, no one's fault but my own... sigh...).
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Old 04-14-2014, 10:01 AM
 
Location: North Idaho
2,172 posts, read 2,085,764 times
Reputation: 2599
Quote:
Originally Posted by nicet4 View Post
Save now, save regularly and plan for a mid 50's retirement because you never know what will happen. Avoid all debt like the plague and forget keeping up with the Jone's if it takes gong to the bank to do it.
I agree with this^^.

Save at least 10% of your income, 15% if you can afford it. Learn a little about investing and you can manage that part of your life on your own without having to pay someone to do that. (The Boglehead's Guide to Investing is a good place to start).
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