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Your most powerful wealth-building tool is your income. Invest $100 a month from age 25 to age 65 and you'll have $1,176,000. A hundred bucks a month. Nothing fancy, nothing complicated. So when you send a car company $500 a month for 40 years because car payments are normal, you're not driving a $40,000 car. You're driving a $5 million car.
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Your most powerful wealth-building tool is your income. Invest $100 a month from age 25 to age 65 and you'll have $1,176,000. A hundred bucks a month. Nothing fancy, nothing complicated. So when you send a car company $500 a month for 40 years because car payments are normal, you're not driving a $40,000 car. You're driving a $5 million car.
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Should we keep pushing him to organize his finances, or respect his decision? ☹️ My dad is 84 and has always kept his finances private. He has money in different accounts, but my mom doesn't even know exactly what he owns. He always said a close friend knew everything, but that friend recently died. That finally scared my dad into agreeing to set up a trust with my mom, but shortly afterward, he changed his mind and said he only wants a will. We're not trying to get his money. We just want my mo
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