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army1987 comments on Boring Advice Repository - Less Wrong Discussion

56 Post author: Qiaochu_Yuan 07 March 2013 04:33AM

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Comment author: [deleted] 07 March 2013 06:41:50AM 7 points [-]

Start saving extra money while you are young.

Comment author: [deleted] 07 March 2013 01:02:24PM 5 points [-]

I have seen people argue for the reverse, on the grounds that the money you'll save while in your n-th job (for small n at least) will likely be negligible compared to the money you'll make when in your (n + 1)-th (or is it (n + 1)-st?) job.

Comment author: Viliam_Bur 07 March 2013 05:30:20PM 4 points [-]

This worked for me before I was 30; later my income stopped raising quickly. I admit this could be because I made a few stupid choices. But I think that for most people their incomes stop raising rapidly at some age.

Is there a rule of thumb which would work well for both situations? For example "always save x% of what you made N years ago"? ... Oops, that is exactly the opposite of what this article suggests. A smart seeming advice, which no one would ever use in their real life.

Comment author: [deleted] 08 March 2013 09:18:10AM 0 points [-]

I had taken “young” in Trevor_Blake's comment to mean “in your twenties”.

Comment author: Viliam_Bur 08 March 2013 10:10:15AM 0 points [-]

Then I agree. I just didn't see that word used in your response, so I misunderstood it to be without time limits.

(By the way, most people seem to use the word "young" meaning "age <= my_age" or later "age < my_age". Just ask a teenager whether twenties is young or old. Then ask a 50 years old person whether thirties were young or old. So an advice based on "while you are young" has very high potential to be misunderstood.)

Comment author: [deleted] 08 March 2013 12:58:45PM 0 points [-]

Then I agree. I just didn't see that word used in your response, so I misunderstood it to be without time limits.

(That was what the “for small n at least” part was for.)