051. What to Do If You Have Not Saved For Retirement and You Are Now 50 Years Old / Ask The Money Nerds

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Not all of us start getting serious about our finances early life. While there are some advantages in doing so, your age isn't the largest factor. There are certain fundamental principles and methodologies when employed will work regardless. Today, I explore the things that someone starting "late" can do to still reach economic independence!

Time Stamps:
1:20 – I’m 50 Years old and I just started becoming interested in personal wealth. Garrett, what would you do if you were starting this journey a bit later in life?
2:35 – Things to do financially, no matter your age
3:35 – The difference between schooling and education
4:30 – Why age is less of a factor in today’s world when looking to build wealth
5:35 – What does it mean to be Economically Independent?
7:20 – How to find your Economic Independence Number
11:30 – Myths of Compound Interest
13:30 – The Cost of Money
10:15 – The Cash Flow Philosophy
17:30 – How to make money on the buy
19:15 – Here's how your investment can have positive cash flow on day 1
21:45 – Treat real estate like a business, not a hobby
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Check Out Garrett's Books:
Killing Sacred Cows - https://amzn.to/2lMbX1i
What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

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