Why is it when people ask how to become rich, most of the answers are about retirement?

Because for the vast majority of people, getting ahead requires a lifetime of work. Getting rich by thirty is not realistic.

Get rich quick schemes do not work. Many seniors who thought there was a deal to make money quick lost all their life's savings.

Investing in the long-term is the only sure way to make money.

Putting away 15 to 20% of your earnings is a good way to save for your retirement and rainy day.

The 'classic' investment advice holds true;
a. never put all your eggs in one basket
b. save on a regular basis - preferably every month
c. diversify your investments
d. as you get closer to retirement, increase your ratio in bonds vs equities
e. never try to time the stock market; it can't be done
f. buy low and sell high

Good luck.

Plus these days we tend to spend a lot more time older (and retired) than we ever did before. If you retire at 65 and live until 90, you need a lot more cash than if you die at 70 - and senior living and care ain't cheap. Plus you incoming funds are your investments or sales of assets if you've quit working.

We live in Silicon Valley where the cost of living is pretty high. My wife and I started looking for retirement places to stay after we sell our home, and the prices are rather expensive in this area.

We're looking at Moldaw, a Jewish operated senior living community. It's going to cost over $320,000 to buy in and $6,000 per month to live there.

As a matter of fact, one of the sales lady called us yesterday to inquire when we might be moving in. We're still looking at a couple of years before we move, because we can still do some "work" around the house, and my wife volunteers at the local library and hospital.

Yes, it's very expensive here, and not many can afford to buy homes.

Most of the people like to earn more & more so they can spend their old age life with full comfort.

so what do u sugest? Forex trading?

That's right; the earlier one starts, the easier it is to keep on with the habit before retirement. Starting in the mid-forties or early fifties is too late to accumulate enough to live in the same standard as when working. Budgeting is the key.

Wonderfully put.. may be i have also noticed this however the way you have etched this is simply incredible!