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Nimish's avatar

Another great article, as usual, Joachim! I love how you almost always manage to add a graph into your articles and that really helps put things in perspective.

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Arthur Worboys's avatar

The conclusion. Saving instead of spending is the most important part of planning for retirement. The earlier we start the more comfortable we are likely to be in later life. I think you missed a most important part of this story. - Young people have no sense of their mortality; this usually kicks in around our mid 30's. By then we are ten years behind with our savings potential and only 30 years away from drawing on the retirement fund. i.e. We missed 25% of the opportunity. We all do it because we are young and it appears that any amount of financial education will never be enough to outweigh the hubris of youth.

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