Keep saving and investing thru thick and thin. It adds up and compounds over time. 10 years after I started working, my net worth was practically zero or even negative because my home was upside down (owed more than it was worth). I kept saving in 401k and paying my monthly mortgage (after all needed a place to live), and was lucky not to lose my job - managed to switch jobs a few days before a mass layoff, taking a pay cut.
Gradually the home regained value, I sold and bought a slightly nicer home and all the DCA into index funds over the years started to compound. Now my portfolio is nearing $2.4M and net worth, including home equity is nearing $4M. And I have made my share of mistakes over the years, could have been worth even more but grateful for where I am.
Compounding works… eventually. I hope to continue to experience the benefits of compounding.
Submitted February 08, 2024 at 11:03PM by Ok_Art_2874 https://ift.tt/ompDi2J
