Money Guy Show X% of Americans Will NEVER Retire… featuring Erin Talks Money!
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Aug 29, 2025 In this discussion with Erin from Erin Talks Money, a personal finance guru from YouTube, listeners discover shocking statistics that nearly 70% of Americans feel they will never retire. Erin breaks down JP Morgan's findings on retirees' spending habits, emphasizing four behaviors crucial for success: valuing time, consistency, controlling what you can, and treating money as a tool. With insights on early investing, automated savings, and the importance of health and relationships, this conversation offers a roadmap to financial independence.
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Power Of Early Compounding
- Starting early multiplies returns far more than saving larger amounts later.
- Ten years of early investing can beat three decades of later contributions due to compounding.
Automate And Escalate With Pay Raises
- Do automate your savings so contributions scale with pay raises and stay consistent.
- Make good habits easy and route a portion of raises directly to investing to build wealth painlessly.
Sandpaper The Friction
- Do remove friction for good habits and add friction to bad ones to make saving easier.
- Capture employer matches, limit credit cards, and add cooling-off rules to avoid impulsive spending.