Quote:
Originally Posted by mreid
Last year, people at my company left over $27M on the table simply by not taking our 8% 401k match. Imagine what that would be worth on 30 years?
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Most people are completely clueless about investing, compounding and 401K match. That's like getting an 8% raise every year (generally 3 times as much as most standard raises).
Most of my friends want new Harley Davidsons, and new pickup trucks, and honestly believe they will never be able to retire because of all the money they spend right now on toys. I guess there is something to be said for enjoying your money now, and living in the lap of luxury, but when they do stop working at 70 years old, they won't have 2 nickles to rub together....so sad.