Hi Andrey,

People write stories like this to demonstrate the importance of time when it comes to saving and investing. Maybe a 20 year old can’t save $250 a month (although I have known some that do, they are not as rare as you suggest).

But even if that 20 year old saves $25 per month they will be better off.

Yes some people can easily save $1k per month at 40. But odds are if you have not created a habit of saving and investing prior to age 40, you are not going to suddenly start investing that much money all at once.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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