Day Two Failure Is Not an Option
We all get just one shot at making the financial journey from here to retirement, and we can't afford to fail. Even if we want to work for the rest of our lives, that simply isn't realistic: One day, our employer or our aging body will force us out of the workforce – and at that point, we'll need a hefty pile of savings.
How can we stack the odds in our favor, so we have a high likelihood of amassing that decent‐size nest egg? In the days ahead, we'll focus on some simple, no‐nonsense strategies:
This stuff isn't all that exciting, though the results will be: You'll set yourself on a course that not only brings financial peace of mind today but also ensures a much more prosperous tomorrow.
“But I don't want to be prosperous,” you might respond. “I want to be rich.”
Depending on how you define rich, that could happen over time, but it won't happen quickly.
“But what if I started day‐trading stocks, or borrowed a bunch of money to buy rental properties, or invested in a franchise?”
Yes, those are all potentially faster roads to riches – but they could also be shortcuts to the poorhouse. Never forget that risk and potential reward are inextricably linked. If a strategy holds out the possibility of tremendous wealth, it also runs the risk of terrible ...
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