Darius Foroux wrote a good piece about some financial advice that he has gotten from his dentist. His dentist died from a motorcycle accident not too long ago.
He has a great relationship with his dentist and over time they have conversations not only about his teeth.
The biggest financial advice that his dentist gave to him was that it is likely he will make the majority of his money in his 40s and 50s and he doesn’t have to save all his money today and enjoy life.
Context is important.
The dentist started investing in his thirties and acquired substantial wealth in his life.
Darius’ piece explores where is the boundary of saving too much versus not saving to your best potential.
Saving too much can be seen as a happy first world problem that others do not have the privilege to enjoy.
But it may also be a...