All sound advice, but coming across the extra capital to invest, much less in your 20’s, is a harder prospect than it sounds for most people these days.
I’m not sure if you can get fractionals of SPY or VTI, but $300-500 a paycheck or even a month of money you can’t use on the moment is a hard ask for much of the working class.
It’s less like “Stop the avocado toast and lattés and netflix” and more “If you stopped buying a new graphics card every month you could afford stonks that will be mature when you are elderly.”
Lol like, we aren’t living in luxury and frivolous with our money in the first place, it usually poofs away into food and rent these days. (And gas and the car, if you aren’t in one of VERY few places that are walk and bike friendly.)
But for people who have it. This is a sound strategy. On that note, I have a relative who’s got very few expenses, often broke…and they’re constantly buying new full-priced releases on Steam. This degree of resource mismanagement vexes me so. Lol