In this video, Michael goes into detail about the importance of saving for retirement as young as possible. This practice helps teach you how to live on what you bring home each paycheck. Regardless if you make $30,000, $100,000 or even $500,000, you’ll still live on what you bring home.

It is imperative to start setting money aside immediately, urges Michael, because you won’t miss it. He says aim for 10 to 15 percent of every paycheck. And if you’re an older person and you haven’t saved enough, it’s not too late if you start now.


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