Daily FI discussion thread - Thursday, September 30, 2021

Assuming you're going the college route: I would have taken a gap year to travel before college. I'm not going to have an entire year of time off until I retire. I went for engineering and got a job straight out of school (rather than grad school) which worked out well, but it's going to depend on what field you choose. The amount of money I saved working during high school and college was negligible compared to my salary afterwards. And I was the kind of person who saved 50% of every paycheck. I just wasn't making that much. Unless you're making real money don't worry too much about saving. Keep your student debt down if you can, though. Make friends, do well in school, land good internships, and work on your career. Increasing your income is the most important thing you can do early on. The real savings were when I graduated but spent like I was still in college, even after a couple of raises. Learn how to budget. Invest in index funds.

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