-
In this day and age, you can’t survive on just living by yourself. You need a partner. Doesn’t matter you are a man or women, you guys are going to have to be on the same page financially to even have a chance at retiring.
-
Be debt free. No credit cards, no leasing cars, No payday loans. Having a mortgage is okay though.
-
Combine incomes. If you guys both make 45k a year, agree to combine incomes so the house income is 90k a year,
-
If you must have kids, only have one kid and be sure to teach him to be financially literate at an early age.
-
Find a job you can tolerate the most.
-
Be frugal! That polo Ralph Lauren shirt that cost $80 only cost $5 to make in the factory. Most old people I see are very frugal too. Read “The millionaire next door” it teaches the importance of being frugal and not living over your means
-
Invest 10% of you and your partners income into a index fund that averages 10% a year. Use a Roth IRA to avoid taxes. I recommend VOO
-
If you guys are both frugal you might get to travel 3-4 times a year
-
Don’t fall for get rich quick scams. Building wealth takes decades