Lately I've been talking with a ton of people who are approaching 50 if not older. I'm hearing a common theme over and over again that people are afraid that their retirement will be a struggle.
Increased debt, lost jobs, health challenges and the failure to have saved over a lifetime leave people feeling hopeless and fearful that they will work till they die.....if they can. If their health fails things could sadly get even worse.
But there's some good news. It's never too late to start.
But you may find yourself wondering..." Where is the money going to come from that I am to invest?"
In today's podcast I met with my old friend who is running a financial challenge for his family. He admit's he's not a financial guru but he had some great ideas to get his finances back on track. I thought it was interesting and wanted to share it with you here today.
As for me, I'm on a freakin' mission here.
Did you know that if you put away $500.00 per month into an investment account at 8 % over 15 years you'd be sitting on about half a million to retire on?
That's certainly better than the average. In fact 48% of Americans have less that $10,000 in their retirement accounts! that's not even going to last a year. And as for you ladies out there....only 35% of women in North America have any retirement savings at all.
Ladies....it's time to step up and be independent.
And as for the last fact....well this may shock you. The average social security check in the USA in 2021 is $1,556 dollars. That doesn't go very far. Period.
For me, as a CPA, I like to help people become financially free and practically speaking it takes time, discipline and multiple streams of income. Stocks, Crypto, Real Estate Investment, Consulting Income and Network Marketing are all parts of my portfolio.
If you don't know where to start or if you feel you need some extra to put away fill out the form in the comments and I'd be glad to connect with you and give you a roadmap to retirement.