Alec Renehan
π€ SpeakerAppearances Over Time
Podcast Appearances
Luckily, I came across Bryce at uni and we started talking about it.
But even between the time that I was 18 and the time that I actually started investing, I missed out on like four or five years of compounding growth.
And if you put that in a money smart calculator and you look at that time between 18 and 23 and what that could mean when you're 60, it matters.
So
I think the obvious answer is get started investing early.
But I think more generally, I just wish I was more curious when I was 18.
And like, you know, now we've created this platform and, you know, Bryce and I can spend our days being curious and just like learning about new companies, learning about different industries.
And investing as an exercise forces you to be curious because you're constantly trying to learn new things.
And I love that about that.
And I kind of just wish I was more curious when I was younger.
We were chatting to someone yesterday about the fire movement and, you know, neither Bryce and I would say we're fire movement proponents, but I think the really important thing that comes out of the fire movement is really being intentional with your money.
And it's, you know, spending on things that you want to spend on because, you know, it
brings you joy makes you happy or it's meaningful to you but then it's about not spending on unnecessary things and I think that where the middle ground lies between Bryce's you know late teens and my late teens was I wasn't intentional because I didn't have enough knowledge and Bryce perhaps was too intent like wasn't you know he was too restrictive and he didn't um
spend money on things that would have brought him joy or were meaningful to him at that time.
And I think the middle ground is like, just be really aware of how much money is coming in and what you're spending it on.
And if there's something you want, don't deprive yourself of that.
But if it's something that you can sort of take or leave, don't spend it, invest that money instead.
Yeah.
And it's a journey.
I don't think any of us sitting here would be like, we've nailed this.