It Doesn’t Take Special Financial Knowledge to Become Wealthy
The simplicity of it all can be found in the story of a self-taught TV repairman who rode his bicycle to my house when I was a kid, and the millions he left afterwards.
Website: Financial Success MD
The simplicity of it all can be found in the story of a self-taught TV repairman who rode his bicycle to my house when I was a kid, and the millions he left afterwards.
To my surprise, everyone started singing happy birthday to me. Turns out, I was 59 ½ years old that day. I was now free to access my retirement funds at my leisure!
When I discuss living on half of one’s income, I’m almost always met with, “that would be impossible for me.” They say it as if it were a fact.
Every time we say we wish we could go back in time and change something, go ahead and make the change NOW so we won’t be kicking ourselves again 20 years later.
People mistakenly think it takes a long time to make a profit but that is not the case. Cash starts flowing in immediately and those earnings grow every year.
Nearly every time I see this rule used to reverse engineer the amount one needs to save for retirement, the calculation is done incorrectly. Because of this miscalculation, the amount of money that needs to be saved is underestimated.