THE RACE for MONEY is about a race to accumulate enough wealth to be able to retire at age 65 in comfort and not live under a bridge begging for food. To me living under a bridge is scary. You only have a set time to save enough from the age of 20 to 65, or 45 years total. Many people never make more than $100,000 a year and most never make more than $60,000. It is necessary for both parents to work just to get by day to day. So you have a given time and you must use the tools that can help you accumulate more money; like the race car driver uses his tools and skills you must do the same. This book provides you the tools to make 15% or more on your investments which gives you a big advantage in the race.
I did not even start saving for retirement until I was 40 years old which is much too late. I always thought my savings was in my house. What a big mistake that was. I never worried about retirement as I thought I would retire from a big company with a nice pension like my Dad. Then one day I was at the local shopping mall where I saw an old lady who looked to be about seventy picking thru the mall garbage cans looking for food. She was dressed in old dirty clothes and wore an old scarf over her head. I walked up to her and gave her $100 bill to go buy some food. When I did this other people started to give her money also. Grandma came to the mall once a week and I made it a point to give her $100 every time I would see her. I thought this could be my Grandma or even my wife in a few years. After about a year I never saw Grandma again and I wonder what happen to her to this day. That is when I got serious about saving for retirement.