Delete comment from: Captain Capitalism
Of course you are correct in general, but you can do it if you are lucky/careful. I didn't manage to start a "career" type job until I was 40. I paid off my student loans by about 30, started an apprenticeship I could have done out of high school (assuming there was any work in 1982) at 35. I am now 48. I have several 100k in savings and investments, a house that will be paid off in less than five years (purchased 5 years ago) and a stay at home wife to look after our two primary school aged sons.
For me life is good (at least for now), but it didn't start to get good until I was 35. Don't get too depressed. With a lot of hard work and a little luck it will get better. - minuteman
Sep 8, 2012, 11:46:57 PM
Posted to The Mathematical Impossibility for Gen Y to Save for Retirement