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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19741  
Subject: Re: inability to retire Date: 4/4/2000 7:09 PM
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jeff168 writes,

I am 19 years away from retirement with very little money and no assets. I can hardly wait to push my shopping cart when I am 66. Who cares> The rich always win.

I agree. Nobody cares and the rich always win. But that shouldn't prevent you from becoming rich yourself.

Nineteen years is actually a very long time. If you can earn 10% per annum on your investments, a dollar saved today will be worth $6 when you're age 66. If you are lucky enough to earn a 15% return annually, each dollar will be worth over $14 at age 66.

But you protest, "I have no money to invest." That may be very true, but could you take a second job? How about a garage sale? Could you cut expenses to free up some funds for investment? Unless you're currently sleeping in your automobile, you may be able to make some cuts without severely impacting your lifestyle.

So buck up. You've already made the first step by finding your way to the Motley Fool. That puts you at least two steps ahead of the average American. There is no reason you can't be as successful as everybody else.

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