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Initially, making it. Once you build enough, then keeping it. It takes a while to invest the first $100k but it compounds faster at that point.
Quiet everyone... AI is here. It's listening...
Keeping. A friend told 35 years ago that “your ‘out-go’ will always raise with your income.” I saw that was true with every raise. I changed jobs after 8 years, was paid more, so I put a measly $50 per paycheck into retirement. When my second job, which was inconsistent and not usually part of our family budget, began offering a 401k, I maxed my contribution. The result - I may not have an extravagant retirement, but we will be comfortable.
Making it will always be harder if you don’t have a spending problem. The thing is, ones materiality threshold for what making money means changes with the more you have… if you only have a $500K then making the next 100k is the challenge. If you have 5M then making the next $1M is the challenge…
both
Keeping it. Lifestyle creep was my danger.
Understanding compound interest and starting as early as you can is key. As an example use a compound interest calculator w $1000 savings a month from 18-30 then sitting on the total from 30-65 w no further contributions at 7%. You will be amazed.
Keeping it. The older I get the more money I make and the more money I spend but I have some cool stuff and do some fun things.
Making money. Make money work for you as much as possible.