This is a deep topic.
Your earning power is usually lower when young. There is a balance between how much you: 1, spend, 2, save, 3, invest (financially or in yourself).
The key is finding the near-optimal balance. The book "Die with Zero" goes into more detail on this topic.
CZ: Young people shouldn't over-save and should reinvest resources in themselves
On December 13, Binance founder Changpeng Zhao stated in an interview with Pakistani social entrepreneur Bilal Bin Saqib that his most fundamental way of learning is reading books. He advised young people to prioritize risk management, noting that since they have strong future earning potential, they can afford to take higher risks and should avoid excessive saving. Instead, they should invest resources in themselves to build their personal skill sets.
Source:
piped.video/ho8lf_X57P8?si=I4L_…