David Bach

That's a lot of money, actually.

That's $40 a day between the two of you.

If you just put that in, I gave her an example of a mutual fund, invested that for the next 15 years, here's what it could be worth.

And the answer is it could be worth close to a half a million dollars.

Wow.

And she's like, okay, so you're telling me that I could catch up a little bit, right?

I go, let's just play this out.

At 65, is it better to have a half a million dollars or have nothing?

She's like, it's much better to have half a million dollars.

I said, great.

So start with the $20 a day.

She's like, okay, I can do that.

Right, because that's the whole thing.

You got to figure out what can you do.

Some people who are listening to me right now can do more than $20 a day.

Yes.

You got to come up with what can you do.

But here's a big thing.

Your 50s are a beautiful time to save and invest and catch up.

So let me tell you what's really going on in this economy because this is probably the most important thing you're going to hear in this podcast.