Getting Started with Wealth Late in Life

Question from a Wealth Club member: Is it ever too late to become wealthy?

Answer: The short answer to this long as you're still alive and well, then it's NEVER too late to become wealthy.

Now, it's important to keep in mind that it doesn't necessarily get easier the older you get, because you miss-out on things like compound interest and the fervor of youth, BUT...

You can start over at any age.

As cliche as this sounds, Colonel Sanders became extremely wealthy when he was 66 years old.

84% of Ultra-high-net-worth individuals are 55+, which implies that it takes time to build wealth.

Perhaps the most dangerous thing one could do is believe that it's too late for them. That is because this mentality kills hope, which consequently kills motivation; which begets a lack of action - and that lack of action begets a lack of results (wealth).

So the takeaway here is that there's always hope, and it doesn't even matter to waste brain CPU's wondering about whether or not there is hope, but instead just pursuing goals with fervor.


J. Patrick Nichols

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