Episode 223: Who is Really Planning for their Retirement?

• SCENARIO #1:   

• Marco plans to sail around the world visiting all 7 continents when he is 67 years old. He has saved no money for this future dream. Do you think it is possible for him to achieve this?

• SCENARIO #2: 

• Tekedra has been frugal with her money. When there’s an opportunity to take a fun trip with her friends overseas, she always declines. She has everything budgeted, contributes the max amount of money to her 401k,  and never buys anything new. Is Tekedra prepared for her retirement?

• SCENARIO #3:

• Ayala knows that she has an inheritance in her future, so has decided it’s best to use all the money she has now because of FOMO. Her family thinks she should cut back, because it is hedonistic. Is Ayala prepared for her retirement?