Over half of Americans claim they're nowhere near achieving their definition of financial freedom, with 36% saying they have less than $1,000 in their savings accounts.
Starting early, investing consistently, and living modestly can land a good number of people with normal incomes there. They won’t be retiring at 30 while driving exotic cars, but they can retire comfortably without having to worry about going back to work as a Walmart greeter when their 85.
It’s no secret that a very large percent of people live well beyond their means when a modest lifestyle with retirement funds is obtainable for the vast majority of the population. One doesn’t need a new car every few years, the newest gadget, eating out constantly, and an apartment in a high cost of living area. It’s certainly not morally wrong to buy what you want, but just know that not investing in your own future is making life harder for you in the medium and long term.
Starting early, investing consistently, and living modestly can land a good number of people with normal incomes there. They won’t be retiring at 30 while driving exotic cars, but they can retire comfortably without having to worry about going back to work as a Walmart greeter when their 85.
It’s no secret that a very large percent of people live well beyond their means when a modest lifestyle with retirement funds is obtainable for the vast majority of the population. One doesn’t need a new car every few years, the newest gadget, eating out constantly, and an apartment in a high cost of living area. It’s certainly not morally wrong to buy what you want, but just know that not investing in your own future is making life harder for you in the medium and long term.