Starting at 50 doesn’t mean it’s too late. With a simple plan and steady investing, you can still build a nest egg for retirement. The best time to start was yesterday. The next best time is today.

I started at 50 loaning to my Dave Ramsey FPU trainer and loaned him 20,000 , then he said he was not going to pay me back on a signed loan so I sued him in court and got a 20,000 judgement but then he just filed bankruptcy like good ole Dave did leaving his creditors as SOL.

Yup. I got my dad to retire fairly comfortably, and he started at 55

I needed to see this today. Thank you.

Not all investments (be it starting at age 50 or anytime else) are created equal. Your best bet for investing success involves keeping costs low. That means using low-cost index funds to invest.

Great time to be loading up on Bitcoin.

I know people who spend their life chipping away at the Boulder making $40-50,000 a year with no savings. Then they make a career move and suddenly they're making $ 140,000. But still they have no savings, And manage to spend all the extra they make

I started my new business at 50 very grateful that I did the best decision I ever made career wise

Taking 10% ($50K) out every year, you will run out of money before you run out of life. 10% might be an average market return over history, but when you take out 10% when the market a down 20%, you kill your nest egg. 4-5, perhaps 6% OK. Dave should stick to debt management.

Age is just a number; it's never too late to invest in your future.

If you’re not allergic to wisdom and truth, Dave’s your guy.

Everyone’s criticism of Mr. @DaveRamsey stance on Bitcoin overlooks the fundamental reality of his audience. His platform primarily serves individuals still developing financial literacy and struggling with essential money management. For those without mastery of basic principles, budgeting, debt elimination, and disciplined saving, the complexity and volatility of Bitcoin is not only unsuitable but potentially harmful. Mr. @DaveRamsey’s cautious position is less a dismissal of Bitcoin as an asset class and more a safeguard to protect his audience from speculative risk beyond their financial capacity. I respect his position.

This ideology is great for almost anything. Just get started!

I didn’t get serious about investing until my late 40’s. Now at 56, I’m feeling much more comfortable & confident about my retirement years ahead. I credit a lot of that to your teachings.

He never really says what exactly this person should invest in.

Saving in USD isn’t the key Dave. Why save money in a fiat designed to be devalued. Save your money in hard assets 🤦

I started at 50. I will be just fine at retirement. Thanks Dave.

Or buy $1,000/month of bitcoin and retire a multimillionaire but ok

The simple plan is Buy Bitcoin. Study Bitcoin. Buy Some more Bitcoin. Study Some more Bitcoin. Repeat.

If you’re a high earner at 50 and $0 saved for retirement … 401(k) is necessary but not sufficient To top up retirement savings, check out a nonqualified deferred comp plan (NQDC) There’s no IRS limit on pre-tax contributions to NQDC You can supercharge your retirement, even if you’re late to the savings game

Absolutely! It's never too late to start.

Absolutely! Starting at 50 means every dollar counts even more. Track your expenses to see where money leaks - even small redirections to retirement savings compound significantly over 15-20 years. Clarity on spending = clarity on investing capacity.

Why do you never talk about the lack of sound money? You often sound like a paid promoter of the current "Federal" "Reserve" debt slavery system. How can someone build any financial security when their foundation (the USD) is by design and in practice, total crap?

Truth.

Absolutely, better late than never! Getting started now is what counts.

Totally agree. Starting late isn’t the end, it’s a chance to get serious. Just need the right mindset and some solid strategies.

Dave says the three main causes why people are broke: Eating out, car payments, and vacations.

Starting at 50 can be a wake-up call. Just remember, without a solid strategy, it’s like trying to fill a bucket with holes.

You should tell people who have access to an HSA to max that as well and invest everything over the account maintenance level. Some employers give a yearly HSA bonus. This is free money. This will be tax-deferred health care in retirement. Anyone in this boat will have a very lean 15 years, but that is the cost of waiting. Do it now and your 401K + HSA + social security (if it is solvent) will keep a roof over their head and food on their table.

So true! Starting at 50 means every dollar counts even more. Expense tracking reveals hidden money that can accelerate your retirement savings. Track for 30 days and you'll find $200-400/month you didn't know you had. Time is short, make it count!

Absolutely, better late than never!