What to Do If You Started Investing Late (Turn Your Retirement Around!)

The Personal Finance Podcast

Andrew Giancola

Business, Entrepreneurship, Investing

4.7 • 1.4K Ratings

🗓️ 5 May 2021

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

052 What to Do If You Started Investing Late (Turn Your Retirement Around!) Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get a response from me. Sponsors Thanks to our sponsor Manscaped (Manscaped.com) for sponsoring this episode of the podcast. Use code PFP20 at checkout for 20% off + Free Shipping! Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts! Today We Discuss: Understand How Much You Need to Save How to Save More Should You Pay Off Debt First Why You Should Forgo Your Kids College Savings Why it is never too late. Savings Rate Chart More Episodes You Will Love: How Much Money You Need to Retire (and Why it May be Less Than You Think) How to Automate Your Money - The Set it and Forget it System Why Understanding Your Savings Rate Will Change Your Life (and Allow You To Retire Early) How and Why You Should Track Your Net Worth Check out all the Stuff I Recommend! M1 Finance Best Place to Invest Personal Capital Free Wealth Management and Budget App CIT BANK (Best Savings Account) Best Personal Finance Books: The Simple Path to Wealth - J L Collins The Millionaire Next Door - Thomas Stanley I Will Teach You To Be Rich - Ramit Sethi Rich Dad Poor Dad - Robert Kiyosaki ** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in. Check us out on social fam! Twitter Dollar After Dollar Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	On this episode of the Personal Finance Podcast,
0:03.6	we're going to talk about what to do
0:05.8	if you started investing late. What's up everybody and welcome to the personal finance
0:28.4	podcast. I'm your host Andrew founder of Dollar After Dollar.com.
0:33.8	and today on the Personal Finance Podcast,
0:37.5	we're going to talk about what to do
0:39.8	if you started investing late
0:42.3	and how you can turn your retirement situation around.
0:46.3	If you have any questions at all about this episode, follow me on Instagram at $1.A r dollar and follow me on Spotify apple
0:57.3	podcast or whatever podcast player you listen to and if you want to help the show out, leave a five star rating and review
1:06.7	on Apple Podcast. It truly means the world to me if you can do that. So today, as I stated, we're going to be talking about what to do if you started investing late.
1:16.0	And if you started investing late, we're going to turn your retirement situation around.
1:20.0	And if you're young, this is a fantastic episode to listen to because it's going to show you the true power of how much you can get ahead if you start investing early.
1:31.0	The earlier you can invest, the less you have to save each month to hit the same goals as someone who starts investing later and you see charts all the time someone who starts investing in their early 20s
1:42.8	has to save a quarter of what someone who starts investing
1:46.6	in their 30s has to save to get to the same level in retirement.
1:51.5	And it's so extremely important,
1:53.4	no matter what age you are now,
1:55.4	to get the ball rolling, to start investing
1:58.1	if you haven't started investing.
1:59.6	It's never too late.
2:02.1	So maybe you're in your early 30s and you're just getting your stuff together.
	...

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