"Alan: I didn't earn very much in my 20s. I was a bit of a mess - I had lots of different jobs and eventually started my own entrepreneurship consulting business at 28. I spent my early 30s figuring out my business, and it wasn't until my late 30s that I started to make a good living. When you're in your 20s, a year feels like a lifetime, but you have so much potential, and there is so much opportunity coming for you. We tell 20-year-olds that they are not even anywhere close to their best earning years."
"Katie: In the FI world, there is this idea that you have to have a million dollars invested, and people often say, "I will never earn a million, there's no way." We keep telling them that they don't have to earn a million. Compounding will earn at least half of it for you. At this young age, if you can just invest a little money and let it grow over the years, it is phenomenal."
Katie and Alan retired early after building separate businesses and beginning a focused savings and investing journey in 2015. The couple emphasizes the power of compounding returns and encourages small, consistent investments over time. They stress learning how to balance spending to avoid extremes between frugality and overspending. They recommend prioritizing health early and committing to lifelong learning to improve earning potential. They highlight that early twenties are formative for earning growth and that steady entrepreneurship and career development can significantly increase income in later thirties.
Read at Business Insider
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