To the OP.
I'm 31, already made a few dumb choices buying a new boat and other toys, but I'm through that phase and learned my lessons.
Personally I've found most wealthy individuals aren't the ones always cutting cost and penny pinching. Most have built a portfolio of small businesses, real estate or other type of investments that provide them monthly income. They drive newer vehicles, go on vacations, and go on hunts all over the country. Retirement doesn't have to be sitting at home waiting till the SS check hits.
Find a way to retire with money still hitting the mail box each month starts before your 50. Not saying it can't be done after 50 but ROI normally isn't worth the risk if you wait to late. Rent houses, small business, land, other risker investments take time and money. Don't wait till the year you're ready to retire, live bold and take chances.
I'm 31, already made a few dumb choices buying a new boat and other toys, but I'm through that phase and learned my lessons.
Personally I've found most wealthy individuals aren't the ones always cutting cost and penny pinching. Most have built a portfolio of small businesses, real estate or other type of investments that provide them monthly income. They drive newer vehicles, go on vacations, and go on hunts all over the country. Retirement doesn't have to be sitting at home waiting till the SS check hits.
Find a way to retire with money still hitting the mail box each month starts before your 50. Not saying it can't be done after 50 but ROI normally isn't worth the risk if you wait to late. Rent houses, small business, land, other risker investments take time and money. Don't wait till the year you're ready to retire, live bold and take chances.
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