Need some advice from all the "older" people...

[Gr8KarmaSF]

can someone enlighten me on this?

i dont get (understand) the retirement

Mike, imagine being 70. You're old and the company you work for is paying you top dollar. Sooner or later somebody younger and cheaper with more energy is going to come around and replace you. Either that or your simply tired of working!

At that point your screwed, not like you can find another job at that age.

 

[Red Devil]

I know you mentioned retirement savings but if you can save any amount for any reason when your young it will be there for something special in the future... but if you need it for a home or business opportunity you will have it too. Always a good idea to tuck a little something away and forget about it.. haha

 

[JustLooking]

I started late i fell,in my late twenties.

 

[Steve737]

I'm 26, just recently started. My company only matches like 1500 a year for my 401K, but it's 1500 more than whatever I put in. If you have direct deposit, it makes saving money that much easier. You don't have to transfer funds from checkings to savings every Friday, the bank already does that for you, if you set it up that way.

 

[DeLgAdO]

Basically, it's money that you put away that is either compounded by your employer and/or who/what it is invested in.

It's the money you live off of when you don't want to/cant work anymore.

i cant even save on my wage, LOL.

 

[Taz2478]

I'd have a good bit saved and rollin, if I hadnt been bored and went traveling for 2yrs. now I'm back at jump almost. But I had a blast.

My nephew is 5 almost 6 and I'm teaching him about saving and investments.

My cousin showed me a lil on investing and what not. Amazing how $1000 can get to $10k. Then ya do real estate and get more money.

 

[Steve_89]

Been saving since day 1 of my work life.

So 18 years old.

 

[Tongue33]

I started at 27 and My wife started at 21 oh shes 22 now

 

[Red Devil]

It is so nice to see that all you "Older People" are saving...

 

[moxxommox]

Oh how you all make me laugh, Didn’t you guys and gals relies that “retirement” isn’t determined by age, it’s determined by your “passive income” May I suggest all of you going out tomorrow and purchasing a good read called “Cash Flow Quadrant” it is by Robert Kiyosaki.