People under-estimate the importance of contributing more towards retirement in their early years. prioritizing retirement savings early in life provides the time needed for your capital to experience compound growth. A second overlooked aspect is the importance of constantly striving to increase your skills and increasing your income, as you mentioned.

Well said. Do you have any advice for someone starting from zero with no retirement and savings and in their early '50s?

So glad to see you back! Pay all your credit cards, live cash only, and then put every dime you have left into CDs and treasury bonds. I am a woman, for your statistics, and have been with your channel since day one! Please keep posting.

​@@pdxeagle08Look to see if any government programs, like an internet service discount, or subsidy on the utilities is available where you live. Put the money you save into savings.

Insurance premiums. Always renogiciate and shop around for a better deal when the renewal comes, especially health insurance. Second, do the same with your cellphone contract, internet and cable provider, etc.

Awesome! Thank you! Very kind of you to say so.