Remove 2020 Remove Credit Card Remove Retirement Remove Salary
article thumbnail

Lessons From Past Recessions

Success

The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)? Am I anticipating any major life events with significant expenses attached (like a new baby or retirement)?

article thumbnail

16 Timeless Truths of Financial Freedom

Success

My new career was straight commission—zero salary. When Jim came into my office at age 52 to see about retiring early, I was surprised. I fully expected to inform Jim and Sue they couldn’t retire early only to discover they were multimillionaires. In my first year out of college, I was in commercial real estate.