Chapter 5R(etirement) Minus 20 (or More)

Now, or later? That’s the fundamental economic question. It’s been that way since the first caveman dragged home a gazelle. Should we eat it all now, or save a little for tomorrow?

It’s no different when it comes to your money. Do we spend (just about) everything we make now, or do we save (a lot) of it for later—so we can have the retirement of our dreams?

Retirement seems far, far away. Meanwhile, there are lots of toys to buy; fine meals to eat, and wonderful trips to take, and plenty of plastic with which to purchase them.

Temptation is everywhere. Advertisers create demand for junk, and the credit card companies enable our bad behavior (see Chapter 4, “Before You Begin Your Rescue Efforts: Things ...

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