How far are you from retirement? Are you prepared?
Most people retire around 65. It is expected that over 63% of people will be blessed to live beyond 80. That’s 15+ years living off of what you saved. Because most people don’t plan properly, they are stuck with working beyond retirement just to make ends meet.
Solution: It is best to save 15% of your income for retirement. But you should only be saving this much if you’ve already taken care of your debts (excluding your home mortgage). You should:
1) Get control of your budget, so you can
2) Reduce your debt, and then
3) Work on stacking cash so you can sit pretty in retirement.
For those that need help budgeting, I personally created a tool that can help you see where your money is going and how to get a better handle on it. The only cost is to share the knowledge with someone else who needs it.
It’s not impossible. It just takes discipline and some rewiring of thought patterns/habits.
#legacychangers #broketobillions #moneyminute #resourcestewardship