My strategy as explained in this LW comment has accumulated 351k USD in almost 7 years; I’m almost 28 years old. It may not be optimal, and it’s definitely not universally applicable, but I suspect that it would work for many people. Its virtues are that it’s not risky, and (most importantly!) it’s devoid of magic tricks. It just requires hard work (but not that hard) over many years (but not that many).
I’ve been thinking about writing a top-level post (which would be my first) along these lines.
My strategy as explained in this LW comment has accumulated 351k USD in almost 7 years; I’m almost 28 years old. It may not be optimal, and it’s definitely not universally applicable, but I suspect that it would work for many people. Its virtues are that it’s not risky, and (most importantly!) it’s devoid of magic tricks. It just requires hard work (but not that hard) over many years (but not that many).
I’ve been thinking about writing a top-level post (which would be my first) along these lines.
Out of curiosity, what percentage of that amount have you donated? I would encourage you to write this post.
This is my default strategy (I’m getting a degree in Chemical Engineering) if I can’t get a better one to come to fruition.
If you have any additional insights beyond those in your linked comment, a top-level post might be useful.
A blog I follow with a similar life strategy is Get Rich Slowly.