How to Money · Wednesday, August 5, 2026
Jack Raines argues that focusing on career growth and increasing income is more critical in one's twenties than maximizing savings. He posits that doubling or tripling income over time, or securing equity in businesses, offers a greater long-term financial advantage than small, early savings contributions.
“Career slope is so much more important than savings rate when you're early.”
“Where like if your first job you're making like fifty or sixty thousand dollars a year, even if you're having an aggressive savings rate, the maxim of money you're gonna put back realistically is like maybe fifteen thousand dollars, which isn't nothing.”
“But the thing that matters way more is like how quickly can you like double and triple your income or put yourself in a position to get equity in businesses that are compounding that can have exits.”