Figure out your financial independence number: how much you need to retire and at what age. Account for inflation, invest a fixed amount monthly, and open a Roth IRA if you qualify, or you're making a major financial mistake.
Do you know your financial independence number? How many of you know your number? Okay, now if you're raising your hand right now and you don't, like you're going, I think I kind of know it, then you don't know your number. Get your number. Say, whoever brought you into the business, say, I need to know how much money I need to accumulate so that someday I could quit working and live off that money for the rest of my life. And I'd like to have that money at age, and you say the age. And you say, I need this much money at this age, then I need— we'll calculate inflation into it. We'll show you how to invest an amount every single month. And minimum, I'm going to tell you, every one of you should own a Roth IRA. If you're lucky enough to qualify for a Roth IRA and you don't own a Roth IRA, you're probably making the biggest financial mistake of your life.
