tag:blogger.com,1999:blog-5465015914589377788.post1701001571914018120..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: The Rule of 30Michael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5465015914589377788.post-48716047909306624052022-04-27T23:40:20.272-04:002022-04-27T23:40:20.272-04:00You're right that early savings grow more. The...You're right that early savings grow more. The buying power of dollars I saved in the mid-90s has increased about 8-fold. It's a balancing act between growth and living for today.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-54014331094293436572022-04-27T21:32:23.336-04:002022-04-27T21:32:23.336-04:00Thanks for the review as always. The "Rule o...Thanks for the review as always. The "Rule of 30" is indeed interesting. One thing I have learned is that any savings you make earlier are ultimately worth SO much more than savings you make later, thanks to compound returns over time. Personally, I actually made myself a chart/calculator that computes the return I have earned on money invested in each month since I began tracking. What it tells me, for example, is that every dollar I invested 10 years ago in 2012 is worth over $2 today (>100% return), whereas a dollar I invested in 2019 (3 years ago) is worth something like $1.18 now. All this is to say, I would actually want to encourage people to invest as much as possible as early as possible, rather than wait till later periods of higher earnings. (All things considered, that is - I realize you have to live & eat, etc.!)Anonymousnoreply@blogger.com