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Money and Finances
Reply to "People who don't save for retirement"
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[quote=Anonymous][quote=Anonymous]I will be working until I die. I can't afford to retire. That's for rich people. [/quote] That is ridiculous. I had 70k of student debt in 1999 with only an undergrad degree (thanks mom and dad for not paying the EFC, which forced me to take out private high-interest loans). I was dead broke and deep in debt at 21 years old. I had 70k of debt and earned 26k. I worked three jobs for 13 years to pay that debt off. Guess what? When I was 21, I decided I was NOT going to be poor or struggling when I was old. I started saving for retirement at 21. I am a career nonprofit worker. I am 48 now and have more than $1 million in my retirement accounts. I have other money in home equity and in a brokerage. Time counts more than anything. Retirement is NOT for rich people alone; it is for people who invest and play the long game. Tiny amounts add up after 25 years. [/quote]
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