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I finally understood my dad's old advice about saving after a talk with my neighbor.
He told me he started putting just $50 a month into a simple index fund back in 1998 and never stopped, even when the market dropped. He showed me his statement and the total was way bigger than I ever would have guessed from those small deposits. It made me rethink how I look at my own 401k contributions. Has anyone else had a simple piece of advice about investing that just clicked years later?
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perez.grace6d ago
My uncle said to just buy boring stuff you actually use, like toothpaste companies. That stuck with me more than any chart.
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the_sage5d ago
Remember thinking that advice was too simple to work. What made you finally believe it when you saw the numbers? Was it the total amount or seeing how little he actually put in over time?
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