My past articles have been on many essential topics relating to life, work, savings and even relationships. Those posts serve as preparatory work for getting into a serious topic in this article – on investing. Before starting on our investing journey, it is clear that we should learn to save more and be sensibly frugal. The next step is to understand what efficient investing is – nobody taught me this but I learned the hard way by making mistakes, which I hope you will avoid. You are smart to learn from my past investment mistakes. Efficient investing is an important concept that will make a huge impact on your future, easily adding over $100,000 to your retirement stash with no effort on your part!
Let’s face it. Americans, and for that matter, most of the western world, are ill-prepared for their retirement. Reading ER blogs and personal finance websites will not give you the real picture as the authors and commentators are a progressive bunch who, collectively, are better off financially than others. The real truth, of course, is scary. In this post, I analyze two charts from a well-researched American study to explain what this means to you and why you should care.