The road to financial freedom is a lot shorter than you may think. For those of us who did not start our lives wealthy because of our family, we only have 46 to 49 years of income producing more if you want to work into your retirement years.
During that time, we must complete our education or training, get a job or open a business, while meeting the many demands on what income we have left after
taxes.
We have to provide for food and shelter, clothes and transportation, child rearing expenses, college tuition, vacations, Christmas presents, insurance premiums and more. The list never seems to end.
How is it that some people can retire at age 50 in spite of all this while others will never retire at all. If you read the article, Get Rich Slowly – you can see how you can use the power of compound growth to amass millions if you start young. However, this is the period in most peoples lives where the greatest demands seem to be made on their income.
First of all, youre just starting out and are nowhere near your peak earning power. You might have just married and need a home and furnishings.
You might have to buy your first...
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