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66-years old with a roommate because she didn't have a financial plan (#311)
Manage episode 437798235 series 3320629
Kandungan disediakan oleh A.B. Ridgeway, CPWA®️, MBA, A.B. Ridgeway, and MBA. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh A.B. Ridgeway, CPWA®️, MBA, A.B. Ridgeway, and MBA atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses the harsh reality facing millions of Americans nearing retirement without adequate savings. With insightful commentary on a CBS report, A.B. sheds light on the importance of planning early and the potential consequences of delaying financial preparedness. Whether you're just starting your career or nearing retirement age, this episode is a must-listen for practical advice on securing your financial future.
5 Key Takeaways:
- Retirement Savings Crisis: Nearly 57 million Americans work for employers that don't offer retirement savings plans, leaving many unprepared for their golden years.
- Living Below Your Means: A.B. emphasizes the importance of living below your means early in life to avoid being forced to make drastic lifestyle changes later.
- The Importance of Starting Early: Starting your retirement savings as early as possible is crucial. The best time to start is yesterday, and the second best is today.
- Avoiding Risky Investments: As you approach retirement, it's important to avoid risky investments that promise high returns. Instead, focus on secure, conservative options.
- Seeking Professional Help: If you're unsure where to start or how to improve your financial situation, A.B. encourages listeners to seek professional advice and utilize resources like the 4 Pillars to Christian Investing eBook.
3 Quotes:
- “Comparison is the thief of joy, but if you're comparing to your neighbor without savings, does that bring you joy that you saved a little bit?”
- “We cannot lie to ourselves. Unfortunately, when reality hits, we have nowhere to turn.”
- “If you don’t have a plan, I want you to reach out to us. Don’t delay, start today.”
💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!
https://calendly.com/abridgewaywm/consultation
📖 Free-Ebook: 4 Pillars of Christian Investing https://mailchi.mp/abrwealthmanagement/christianinvesting
🏠 Visit our Website: https://www.abrwealthmanagement.com
*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.
Video/Audio Credit: CBS News
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