Prioritize saving for retirement from "summary" of The Barefoot Investor by Scott Pape
You need to prioritize saving for retirement. You see, retirement is like a long vacation in Las Vegas. The goal is to enjoy it to the fullest, but not so much that you run out of money. And let me tell you, retirement, like Vegas, can be expensive. You'll need money to cover your living expenses, healthcare costs, travel, and the occasional trip to the buffet. Imagine being retired and worrying about how you'll pay your bills. That's not exactly the dream retirement, is it? By prioritizing saving for retirement now, you're setting yourself up for a stress-free and comfortable future. It's like planting a money tree that you can harvest when you're no longer working. So how much should you save for retirement? Well, a good rule of thumb is to aim for at least 15% of your income. If you start early and consistently save 15% of your income, you'll be in a much...
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