Retirement Goal

I know this seems simple and a given when it comes to thinking about retirement but hearing it this way really clicked with me, and I wanted to share this if someone else needed to hear this also.

When I was younger, I was not great with saving money, and retirement seemed so far away that I really thought, “Why would I need to worry about that now? I have lots of time.” I also kind of had the thought that everyone retires, so the money for retirement would just be there when I needed it, and I never considered where this money would come from.

I didn’t understand that some people can retire early in life and that others must work until very late in life just to survive. I thought the magic number was 65 for everyone. I didn’t really understand that I could control when I wanted to retire and what I wanted my retirement to look like, and I didn’t know how big of an impact those little sacrifices early in life could make. I just really didn’t understand how money worked.

Thankfully, I learned that I needed to invest to be able to retire, and I’m doing all I can to play catch up from the time I missed and trying to teach my kids what I didn’t know. I learned a lot from JL Collins’ book The Simple Path to Wealth, and I highly recommend reading this book. This is one I plan to read again, so I can highlight and take notes my second time around.

Let us know if you’ve read this book and your thoughts, and/or if you have any other book recommendations.

For a list of other financial book recommendations, check out:
lemmikkiwealth.com/recommended-books

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lemmikkiwealth.com/home

We are all learning together!