Wisdom comes with age, unfortunately……
“Wisdom comes with age” is an commonly used phrase, which is absolutely true for most things. You have to live life, make mistakes and learn from them to get better at everything you do. The older you are, the more mistakes you have a made, the more lessons you have learned and the more wisdom you have gathered generally speaking anyways, some people never learn and some are way ahead of the curve).
But that means that for most people the aha-moment for financial independence comes a bit later in life (or not at all!). This is also true for us, Team CF (credits go to Mrs. CF for pointing us in the right direction). We had a relatively late start, but fortunately still have time to catch up.
Some are quicker
A short while back during a meetup with other FIRE enthusiasts, we met the young fellow behind the blog https://whendoyouretire.wordpress.com/. This guy has managed to have a net worth of over €100.000 by the age of 21! The most impressive part is that he managed all this without an inheritance, amazing job, super income or other (lucky) shortcuts. He is just frugal, works hard, lives life and invests, life can be simple some times.
Besides being a really great guy, he is also one of the very few that is way ahead of the wisdom vs age curve. During the meetup most at the dinner table expressed the frustration that they did not know about FI at his age and all were kind of jealous (including me). But hindsight is 20-20 as they say (i.e. you would get a 100% success rate if you could do it again) and you should look forward not backwards. WDYR if you read this, we sincerely hope that you will be successful in becoming FI by a (very) young age, and hope to meet you again in the future.
For all of us that missed the boat at an early age (or are about to), there is this think called the internet. It will provide you with a world of information on everything (personal) finance. The great thing about the internet (well the content on it anyways) is that it allows you to learn from mistakes made by others. The only thing you need to do is be open to new ideas and suggestions. Once you can do that, a new world will open up full of opportunity, F-you money, lots of free time and peace of mind.
So do yourself a favour, get ahead of the curve, get the wisdom before you age 😉