Why Age 40 is a Major Wake Up Call for Retirement

Be Wealthy & Smart

Learn why age 40 is an important deadline to get serious about investing for retirement.

Why is 40 so important? You may be familiar with my Wealth Heiress book's Wealth Building Formula (McT)™. The formula is comprised of 3 parts, which are the 3 parts to wealth building or, in this case, having a comfortable retirement.

M = Money, or how much money you have to invest.

C = Compounding, or what rate of return you are compounding at.

T = Time, or the amount of years you have to invest (until retirement).

Let's say you got a late start saving for retirement.

To make up for it you have only 3 choices (McT again):

1. M = You can save and contribute more money to your retirement plan, or 2. C = You can invest better and earn a higher rate of return, or 3. T = You can work longer and retire later.

Let's analyze your choices.

You are already saving as much as you can, so #1 is out.

You would rather retire sooner than later, so #3 is not ideal. Nobody want to do this, yet that's exactly what your default choice will be if you don't invest well.

That leaves investing better, #2.

Only investing better, ie. being smarter about where and how you invest, can improve your circumstances without you having to find more money to save or delay retirement.

If your money is earning .25% interest in a savings account, it would take 99 years to equal the performance that our best investment increased in 11 months.

By investing better, ie. being smarter about where and how you invest, you can improve your circumstances without having to save more money or delaying your retirement.

INTERESTED IN FINDING OUT MORE ABOUT THE BE WEALTHY & SMART VIP EXPERIENCE?

To take control of your money, get your money working harder for you and gain financial confidence, talk with Linda, click here.

PLEASE REVIEW THE SHOW ON ITUNES

If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! When you get to the next page, click the blue button “Listen in iTunes”, listen to an episode, and click on “Ratings and Reviews” across from my photo. I so appreciate it!

SUBSCRIBE TO BE WEALTHY & SMART

Click Here to Subscribe Via iTunes

Click Here to Subscribe Via Stitcher on an Android Device

Click Here to Subscribe Via RSS Feed

WEALTH HEIRESS TV

Please subscribe to Wealth Heiress TV YouTube channel (it’s not just for women, it’s for men too!), here.

PLEASE LEAVE A BOOK REVIEW

Leave a book review on Amazon here.

Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”

Men love it too! After all, you are Wealth Heirs. :)

Available for purchase on Amazon.

International buyers (if you live outside of the US) get my book here.

WANT MORE FROM LINDA?

Check out her programs.

Join her on Instagram.

WEALTH LIBRARY OF PODCASTS

Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.

TODAY'S SPONSOR

I want to take a few seconds to tell you about how I “read” more books and stay ahead of the curve. It’s by not reading books, but instead listening to them – like you are right now! With Audible, there are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE!

I suggest you get the audio book of Think and Grow Rich, or you can check out my website Resources page where I list all of my favorite financial books and you see exactly what books I have read and recommend you read. Then get started with Audible by visiting https://lindapjones.com/FreeBook and order your first audio book free! Get Think and Grow Rich or another book from my recommend list, and be sure to get started checking off the books you want to read with your free book from Audible!

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.

(Some links are affiliate links. There is no additional cost to you.)