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Is it worth it to be broke in your 20s/30s but have millions of dollars in your 50s?

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  • P
    Lv 7
    1 month ago

    Sure

    If you make it to your 50s

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  • Anonymous
    1 month ago

    Is this hypothetical? Or did you hit the jackpot?

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  • GA41
    Lv 7
    1 month ago

    Yes, it is. You must build up savings for the miracle of compounding interest to take effect. Then you won't have to continue to work for money, your money will work for you. Buy assets with your money when you are young, not consumable goods which perish. There are many people who face retirement with no assets, nor the hope of building any wealth in the short time they have left.

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  • 1 month ago

    No, it's not worth it. Having money is important.

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  • 1 month ago

    It's worth it to have millions of dollars at any time in your life as long as you don't spend it all long before you die.

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  • 1 month ago

    What?... Did you hit the lottery or something in your 50s? Or what the hell did you invent?

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