[plain talk]

I remember reading about a laborer who, on his own, put aside money like mad and retired a multi-millionaire. - Rarely ate out. - Took in a boarder to help with household expenses. - Never bought cars new and drove them until they died.

I can see how it could happen. They key is low spending, a high savings rate and investing wisely. With a savings rate of 20% or more just about anyone can retire comfortably and some can even get wealthy.

[redfreedom]

“With a savings rate of 20% or more just about anyone can retire comfortably and some can even get wealthy.”

We did similar. Lived in trailer houses and drove 20 yo cars. I put every possible dime into a 401K and a land investment.

We do not regret it. Making more now than when we worked, nice home on that land is all paid for, new car, new toys and we take vacations. Under the Trump economy, my IRA is skyrocketing.

We all must put away for retirement. It’s the only way to be secure.

I know folks my age that own nothing and thousands in debt. Many are still trying to hold a job in their 70’s with ill health.