No matter how little you currently have saved or how small your paychecks are, you must cultivate a discipline to regularly set aside at least 10% of your income and invest it, so it will grow and bring you prosperity for years to come.
I personally follow Dave Ramsey’s 7 Baby Steps and thus recommend first paying off your consumer debt and then saving a hefty emergency fund that covers 3-6 months of your expenses. Once you’re done with those crucial steps in your financial journey, you can begin regularly investing 15% of your gross income for retirement.
It’s absolutely essential that you plan for the long term. If you’re still working at the age of 67, it should be because you want to, not because you have to.
Book Recommendation: The Richest Man in Babylon by George S. Clason
Maybe superheroes wear capes to hide the zipper on the back of their onesie.
*Wild Thought For Today!