Hi David, thanks for commenting. I’m sure it’s not easy to think in 10-year terms especially when one is young! If I had a chance to go back in time I’d definitely read more books and invest sooner.

Another thought worthy post, thumbs up.

I’ve always considered myself good with money, but if I could go back in time I’d definitely tell my younger self to take notice of #2.

Unfortunately thinking how any decision now is going to affect you in 10, 20, 30 years or more is something that I think that we all can neglect for the sake of what we might consider a quick fix.

Saving ninja, every blogger wants to have such readers – posting a comment before the newsletter goes out ;)

Thanks, for your insightful comment. Indeed being rich has nothing to do with your salary. I hate seeing people who enjoy high salaries live like rich but getting stressed living paycheck-to-paycheck.

However, there needs to be a balance. I don’t necessarily agree that anything above minimum wage is lifestyle inflation. If you’re at a 90% savings rate but not enjoying life or being deprived just to meet your ££ targets – that’s not a life worth living is it. Upcoming post on this one very soon…

Actually, I’d argue that people should be living like they’re in college until they have over 100k invested. Just having a shiny contract that says you are going to be getting a certain amount each month doesn’t mean you should go and spend it (or finance it!) Being rich has nothing to do with your salary <- I did a post on this!

Whilst living like a student is a good thing to do to acclimatise to your new found salary, I encourage doing so for as long as possible even after you're making a killing in your career. Anything above minimum wage is actually classed as lifestyle inflation. Hopefully you'll be able to stick in there for as long as possible and then when you need to increase your spending due to kids or winding down, you should have a decent chunk invested to get you through it – or you could quit all together! Plus living like a student is fun…Spending less makes you happier <- another shameless plug! ;)

Great post! I've always enjoyed your content. In fact, I think I first heard about matched betting through your blog about a year and a half ago!? Loving the new site theme as well!