You'd be hard-pressed to find someone who doesn't have a single financial regret. Even millionaires and early retirees likely had a few stumbles on the road to financial freedom.
But even after seven years of blissful semi-retirement, the author of " Millionaire Habits " says he wishes he'd done things a little differently early on.
"The one thing I really wish I did more of was saving, and especially investing more aggressively," he says. "It's exponential growth. The longer you invest, the more money you'll have at retirement . Period."
"I was saving 10%, which is the commonly recommended saving/investing percentage of your income," he says. "So at least I was doing that."
For many would-be savers, what Adcock describes as the minimum is a very reasonable starting point — especially given how he invested his savings.
"I was at a company that offered a 401(k) and also had a Roth IRA, and contributed a portion to each," he says. "Thanks to [advice from] my dad, I contributed enough to get the match in my 401(k) — that was literally free money."
If you hear a faint rumbling in the distance, that's the sound of a legion of financial planners nodding in approval. By contributing enough in his 401(k) to receive a full match, Adcock was theoretically earning a 100% return on his money . And by investing some of his savings in a Roth IRA , he set himself up to be able to make tax-free withdrawals in retirement.
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