How to Retire As Millionaire When You are 45 Years Old

In this episode, we talk about how you can retire as a millionaire even if you're 45 years old and haven't saved anything yet. 

 

To retire as a millionaire at 65, you need to save $1,340 per month at a 10% rate of return. It's going to hurt a little bit but it's worth it. You need to dedicate the next 20 years of your life to putting money away and investing in the market.

 

For those who can't afford to save $1,340 right away, Paul suggests starting with $500 and adding $100 every month until you reach the target amount. And if you receive a bonus or a raise, use it to make up the difference.

 

You need to get started now, even if you're already 50 years old or older. The Velocity of Money Machine is an amazing tool that can help you automate your savings and investments, allowing you to focus on other aspects of your life.

 

Don't get down if you haven't saved anything yet, you can still retire as millionaires as long as you get in the habit of saving and investing. Keep the foot on the gas, up your savings, and enjoy your retirement.

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