“Finance is something I do to relax,” says neurologist-turned-investment-adviser William J. Bernstein, who’s the author of the new book, “If You Can: How Millennials Can Get Rich Slowly.”
You heard right: slowly.
Once upon a time, the standard American dream meant a house, two kids, a dog and a comfortable retirement by age 65. But these days, many of us are grateful just to be able to afford one child while also juggling hefty student loans and trying to save for retirement.
That last bit is particularly problematic for members of the Millennial set: According to a recent Country Financial report, up to 32% of adults between the ages of 18 and 29 haven’t started saving for their golden years—at all.
So what is this generation to do?
Start saving what you can now. Even if you can set aside only a small amount, slow-and-steady saving over time wins the retirement race, says Bernstein.
We sat down with Bernstein to delve deeper into his book, as well as hear more about why the slow-and-steady approach to saving can help you forge a secure financial future—no matter what your age.