When retirees are asked, “What is the best financial decision you ever made in your life?” The most common answer is saving for retirement.
Why did they conclude this?
Out of a lifetime of events, these retirees rated retirement savings as the most significant factor in a person’s life. They either enjoyed or observed all of the benefits of having retirement savings and suffered or witnessed all of the problems for those who did not save for retirement.
What does this mean to you?
It means the worst financial decision that you could ever make in your life is to avoid saving for retirement. Do not wait, even if your income is sporadic and low, you must take 15% of all income and it aside to invest and never spend.