At 22, I am living with my parents and working my first job. My spending is minimal mostly on work-related expenses like dining at the office and travel. I have been living with my parents for a few years, and I only contribute a small amount toward bills, groceries, and other essentials. Since my expenses are low, is it okay to invest 90% of my income? That is what I am currently doing, but I am unsure if it is a good idea since most advice suggests investing around 20%
5 Likes
Invest aggressively while you’re young. I am 27 and wish I could go back to being 22 so I could start earlier. I am investing now, but I still wish I’d begun sooner. 
4 Likes
Absolutely agree. 
Investing more when you are young pays off big time as you get older.
That said, there is a point where investing more can yield diminishing returns and might come at the cost of your current happiness. It takes time to find that balance, but remember, it is okay to spend money on enjoying life now too. Just as you can’t go back in time to invest more, you also can’t go back to reclaim opportunities to enjoy your youth. 
3 Likes
Now in my late 20s, I have learned a lot after aggressively investing in my early 20s, and this is the biggest lesson I wish I would understood sooner.
To be fair, most people in their early 20s are not as focused on FIRE and investing as I was. Now, in my late 20s, I am wealthier than anyone I know my age and on track to retire by 35 being a DINK definitely helps.
But looking back, I wish I had lived a little more. I know it is not too late, but much of my 20s were spent saving money to take advantage of the market and my age. I skipped traveling for entire years, passed on dinners and outings with friends, and didn’t buy things I wanted.
While some financial restraint is necessary to achieve your goals, there’s a point where it goes too far. I’ll never get that time back.
So, have investment goals and save diligently, but also set aside a budget for living your life—and make sure you actually use it. The future is uncertain, but the present is here now.
2 Likes
That is the dilemma, isn’t it? You don’t want to look back later in life and regret not having experienced more, but at the same time, you want to set yourself up for a comfortable retirement. Finding that balance is tough. 
1 Like
Dude, don’t regret it. I had terrible jobs throughout my 20s and didn’t have enough money to consider investing. Hence, neither invested nor enjoyed.