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Everyone has 2 financial goals. These goals are rarely met because there are 4 financial challenges putting up a hell of a fight. The challenges are literally stopping you from being rich or wealthy. It's all a part of the grand design, but I have always been a finger painter. Lol.
The first financial goal is maintaining a Cash Flow. I don't mean Income, I mean Cash Flow. Income is money that's coming in. Cash Flow is maintaining and monitoring the money that is already available and increasing it's amount and value. How do you do this? You do this by decreasing your expenses and your debt. If you eliminate your expenses and your debt, your cash flow will automatically go up leaving you extra money to manipulate.
Example:
If you reduce your monthly cell phone bill from $250 to $40, your cash flow increased by $210 a month.
That money could be used to pay another bill or pay down a debt. Let's say now you paid off a debt with that extra money and continued to use that extra money to pay off the rest of your debts. Now what happens? Your credit shoots up, your basically debt free, your expenses are totally minimized, you cash flow has now been increased in all directions and now you have money to invest in your retirement. Ira, cds, bonds, 401ks, what ever floats your boat.
The second financial goal is having your money work for you. You have to make investments and set your self up for retirement or just plain old not having a job. You may want to quit, they may fire you, you may get hurt and not be able to work again, you may want to move to another country and start something new, there are millions of reasons for not having a job, but just one for not being ready. You!!!
How many people do you know that are retired that stay retired? I can't say I know to many unless their on disability and even then it's a coin toss.You have to position yourself for that day when a 9-5 isn't an option, you won't have to keep borrowing money from family, or take out a loan you can't pay back or, or, or,...
Making an Income Shift is the only way you will be able to stay afloat. At some point those two financial goals have to meet for the stars to be aligned and you should get started as soon as possible.