It is possible to be a millionaire by the time you retire at age 65–if you start early.
In your 20’s you need to start saving a percentage of your income. It is suggested that you save 20% of your paycheck.
In your 30’s they say live below your means. This is the decade where life gets more expensive as most people get married, have kids, buy a home. They say to resist living a lifestyle you can’t afford.
In your 40’s focus on growing your income for retirement.
In your 50’s stay on track for your retirement and don’t let your children derail it.