Dave shares another personal story in this episode as he walks through how he helped his sister save for retirement. His sister was generous and loving, but she was in big trouble when it came to her future.
Despite not having saved for the first ten years of her career, she was able to completely change her financial future by following through on a simple method that Dave lays out in this episode.
Listen and learn how Dave's sister was able to build a retirement with the help of an easy-to-follow plan.
She succeeded because she was ACCOUNTABLE to someone [Dave].
If Dave's sister had not started saving consistently at 35 she would have 0 to show for all her work instead of the $400K+ that she ended up with.
Today, it is much easier to save with an automatic savings plan that YOU can set up at your bank. A certain amount of your money or percentage of every check can go directly into your savings account or retirement plan.
It's time for you to put a plan in place!
Questions for Review:
- What plan do you have to become a consistent saver? Do you have anyone to help keep you accountable?
- Do you have your personal savings or retirement setup to be funded automatically? If not, why not start today?!
- What would you do with that money at 55? Would you like to travel, vacation, or help others? Every successful big dream starts with a plan and preparation.
Verse of the Episode: "On the first day of every week, each of you is to put something aside and store it up, as he may prosper, so that there will be no collecting when I come." -1 Corinthians 16:2