This story is not so much about my success as much as it is about someones non-success.
I just completed reading your book “The Automatic Millionair”. I have read and reread it. I have also started to take action as well. I have increased my 401B plan and am looking into the BiMonthly mortgage plan at present.
What this story is really about is about someone I work with who didn’t do much to prepare for retirement. I work in a hospital and was surprised to see a nurse working that had retired back in November. I asked her why she was back. She replied that she had to come back to work because she couldn’t live on her retirement. When I inquired further about what had happened she went on to explain that she still had a mortgage to pay and that it would not be paid off for many years as she had bought it when she was 51. She is now 66. She also explained that she only had $43,000.00 in her 401B and a small pension that was provided to her by the hospital. I could not believe it! All that you said in the book about being prepared became reality for me big time once I heard her story. She admitts that she should have added so much more to her 401B years ago and she also wishes she did not have the mortgage payment that she still has.
By the way she is only now enrolled in the Bimonthly payment plan. I must say I was defanantly never more committed and motivated to sticking with my goals than I was after hearing her story. I do not want to end up like her. She has no real hope of enjoying her retirement any time soon. Now I truly understand what I need to do. Thanks for all of your terrific common sense advice. I’m working on my husband as well to get him on the same page as myself. Really enjoyed your book.
Looking forward to my future,