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re: Retiring at 50 with $2MM in savings
Posted on 5/21/26 at 1:23 pm to RoyalWe
Posted on 5/21/26 at 1:23 pm to RoyalWe
quote:
The Psychology of Money speaks to "luck" in wealth accumulation. Luck can absolutely play a role in whether you are successful or how successful you are. If it makes you feel better, I'll modify it to say it takes not having really bad luck.
I would bet almost all extremely successful people had some luck or at least favorable timing outside of their control to get there.
0
Posted on 5/21/26 at 1:54 pm to RoyalWe
quote:
The Psychology of Money
A MB must read, along w/Richest Man in Babylon.
Started investing early, regularly and with discipline in tough times, no luck req’d.
Working years coinciding with some of best interest rates of all times, a 2008-10 black swan that (discipline) created disproportionate positive outcome in portfolio, and recent bull market were more “luck” than not.
Luck matters!
Discipline matters more.
This post was edited on 5/21/26 at 1:57 pm
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