Why do people hesitate to save for retirement?
Are you a grasshopper or an ant? Or are you a product of your environment? Grasshoppers raise grasshoppers and ants raise ants. If you were born into a family of spenders it’s pretty hard to become a saver. It’s not part of your DNA. Your mental model is to spend. Investing for retirement is foreign and complicated. Who do I talk with? How do I start? How much does it cost? What if I make a mistake? Welcome to the ceiling of complexity. It’s hard to do anything you don’t understand. The silly thing is that today it’s easy and you don’t need a lot of money to get started.
Imagine if you invested one dollar a day for each day of your life? What if you never looked at the balance for 65 years? The numbers are remarkable! Just one dollar… WOW! Check out how $1 a day could turn into $89 million!