Navigating Early Career Financial Priorities and Retirement Strategies

Summary

James has a net worth of $2 million. He is in his 50's and plans to retire in a couple of years. Most of his wealth is invested in the market via his 401(k). He has worked for the same Fortune 500 company most of his life. It tooks him 25 years to get to the first million and 5 years to get to the 2nd million. They took a slow and steady approach to wealth building, primarily through their 401(k)s and home equity. James emphasizes the importance of having a shared vision with your partner and making financial decisions that align with your values. He also discusses the role of pensions in their retirement plan and the lifestyle changes they made along the way. James encourages others to start saving early and not to rely too heavily on financial experts, as no one has all the answers.