25% is a huge amount. Yes, it adds up. Over time, you don't get me wrong. But you need to ask, should you do that much?
replyEveryone will die, despite great medical advances over the past century. Someone who lives past 5 and doesn't die in childbirth, or an accident - only got a couple years of life expectancy. You should be thinking of saving money as this is something we're going to spend in the future. The goal is not to get the most money on paper. The goal is to... Well, you figure out your own goals. I don't know the right answer for you, but to try and enjoy life with the money you make.
Alternatively, since we are all going to die, would you rather not spend fewer of your years slogging away at work? And would you rather not be able to give your children a financial springboard so that they don't need to struggle as much during their early career?
replyMost people don't have that discipline. If you asked the average person to "just" save 25% of their earnings, they'd look at you like you had two heads.
replyA fairly easy method is, when you get a pay-rise, setup an automatic payment that pulls out the extra money you now get, and auto invest it.
replyOtherwise you end up with what's called lifestyle creep, if you leave it into your bank account you will always find something to spend it on.
It does depend a bit on how much money you were making, but I'd guess it applies to most here.
most people don’t have the discipline to floss their teeth
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