This post has nothing to do with Brexit, UK’s ego, or the unfairness in life that the older generation always decides on things the younger generation has to live with.
But then, maybe it does …
Let’s visit another continent for a while.
Who has not heard of Warren Buffett? For more than 10 years, one of the richest men on the planet. But did you know that of his current roughly $60 billion net worth, $57 billion was added after his 60th birthday?
If Buffett had started saving in his 30s and then retired in his 60s (like many of us typically do) still achieving his roughly 20% return per year, you would have never heard of him.
His secret is time. He started at the age of 11 and is now 84 years old. 70 over years of compounding really do make a difference.
So, be careful …