Well, I’m screwed. In class yesterday, the instructor taught a formula that shows how investments grow over time, with the last “doubling” being the one that makes you a millionaire and sets you up for comfortable retirement. “This demonstrates the importance of investing early,” he said. “The last 7-year growth cycle is crucial. It’s literally the difference between investing at 35 and 40.”
“Hm,” I thought. “80 bucks to learn that it can only end in tears.” Then I laughed out loud.