I turned 40 a few months ago. And sometimes I have people who are 27 ask me if it’s too late to get started investing. Well, I have two words for you. But I’m not going to say them because that’s mean.
And my fellow 40-somethings, I have good news for you too. YOU’RE STILL YOUNG. You have MANY DECADES OF LIFE ahead of you. And many decades is a very long investing timeframe. But of course time is important, so don’t spend the next twenty years regretting what you didn’t start at 20. Because when you’re 60 I PROMISE you’ll wish you had started at 40, and you’ll look back in amazement at how young and full of potential you were at 40. You’re just getting started!
And for sure, in this example dying at 100 years old with $3M in the bank won’t do you much good. It’s just an illustration of how much time you have left! You’ll spend it, retire early, travel more, etc! So stop wasting your time DMing me asking if you’re too late to get started, and instead go open a brokerage account, set up an auto investment of what you can afford, invest it in an index fund, and focus on cranking that up over time! :)
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.