I just found a new statistic regarding money that my own financial planner/retirement specialist sent me. A stat that shocked even me! The average savings of a 50 year old in the United States is only $2500.
Okay, you 50 year old idiot, let’s say you started to work at the very late age of 25 (I picked that number because the math is easier.) From the age of 25 to the age of 50, you were only able to put away one hundred dollars per year. Aren’t you proud? Somehow you were able to set aside $1.92 a week. I am SO impressed.
Are you kidding me? How does that happen? There are lots of ways. You spend more than you earn - that’s certainly the biggest way. You don’t have a plan. You have screwed up priorities. You don’t pay attention. You indulge yourself. You indulge your kids………
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