This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
It’s still not too late for you!
Start investing to build wealth, and use compound interest to your advantage.
How many more articles, people in your ear, and even your own voice whispering inside your head will it take for you to finally make a move to create a better financial outcome for yourself?
Doing nothing is addicting.
The longer we do nothing, the harder it becomes to act, which is why many people who don’t start investing in their 30s and 40s never get started.
They’ve already spent multiple decades not doing something, which makes it easier to continue down that same path.
But do you really want to continue going through life without any savings?
Recently I asked a 50-something-year-old, “Do you save any of your money?” They responded with “no.”
Though I was devastated by their answer since they don’t have any savings, I hope my question acts as a catalyst and brings about change to their financial situation.
We are all living longer, so starting the investment process late doesn’t mean it’s the end of the world for you.
You can still build considerable income in your 50s and 60s – especially if you’re dedicated.
Maybe you won’t save as much as you could if you started earlier (or maybe you will if your income is high enough), but you can at least build something.
Something is 100% always better than nothing.
I tell people today that if you can’t do $100 a month. Start with $1. If you can’t do $1, start with $0.50. If you can’t do $0.50 daily, quit eating out, shopping, and spending money on less important things.
The truth is, many of us have resources, and if we don’t, we can probably shift a few things around to find the money somewhere – even if that means picking up extra shifts, adding another side gig, starting a business, or radically cutting costs.
Money is around somewhere, and people are finding it every day. If you get creative enough, you’ll find it, too.
If you don’t know where to start investing, plenty of financial institutions will do all of the investing for you, and all you have to do is throw your money into an account. Something is better than nothing.
My mom opened an investment account for us when we were all kids. But she also started her own, demonstrating that she valued her financial health, which communicated that I should do the same with my finances.
Parents teach children a lot by what they do rather than what they say.
If you read this article, aren’t investing yet, and choose not to take action today, my question to you is, why do you want to remain financially unprepared???
Alleviate Your Kids’ Financial Burden
Many kids are taking it upon themselves to care for their parents financially because their parents didn’t and won’t do it themselves. I agree that kids should care for their parents, but it’s nice to do it without having to do it.
Taking care of yourself financially is a kind gesture to your kids. It allows them to focus on building wealth for themselves and their family if they decide to have one.
It financially burdens your kids with two families when you don’t care for yourself.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.