To save or not to save? Most people will choose saving despite having no idea what they’re actually saving for. It’s easier to put money away than to put some serious thought behind what you actually want the money for.
When I dropped out of college, this was my mindset. I read all the financial books and blogs I could get my hands on and the advice was all surprisingly consistent:
- Start saving when you’re young on a regular basis.
- Put the money into tax free accounts that you can’t touch until you’re about 60 years old and you’ll get rich.
I figured I’d save a sizable portion of my monthly income and that would at least ensure I was financially secure.
This post will share how and why my mindset changed to a radically different investment philosophy, how it works, and why you should do the same. I’ve gotten returns upwards of 75 times the original investment and you can too.