And – perhaps the most difﬁcult to believe of them all – the world hotdog eating record stands at 75 dogs in 10 minutes.⁴ I apologize ahead, but just visualize that. Seven hotdogs down the hatch every minute.
Here’s another number that’s almost beyond comprehension: 64% of Americans have less than $10,000 in retirement savings.⁵ You read that correctly. Substantially over half of Americans will reach what should be the finish line of their careers and have almost nothing to show for it. They’ll be forced to either downsize their dreams or trade a retirement on a beach for more hours in a cubicle.
Why share these hard to believe numbers? To motivate you – at whatever age you are today – that you can start saving more right now. If you want to have a million dollars at the age of 65, how much do you need to start saving every month? That depends on your current age. If you’re 25, you’ll need to save a minimum of $158.12 per month. At 35, the amount jumps to $442.00 per month. At 45, it’s $1,317 monthly. At 55, you’ll have to save $4,882.00 per month. And at 60, you’d have to save $12,913.00 every month.
How much do you need to save to hit your goals? What’s the right ﬁnancial vehicle to help you do it? Getting the answers to these questions right is absolutely critical. Don’t wait to ﬁnd the answers. Contact me, and let’s get to work on a strong insurance strategy.
¹ “The Top 20 Valuable Facebook Statistics – Updated October 2020,” Dan Noyes, Zephoria, https://zephoria.com/top-15-valuable-facebook-statistics/
² “How Many iPhones Have Been Sold Worldwide? – iPhone Sales Analyzed,” Damjan Jugovic Spajic, Kammando Tech, February 11, 2020, https://kommandotech.com/statistics/how-many-iphones-have-been-sold-worldwide/#:~:text=The%20latest%20data%20shows%20that,have%20been%20sold%20so%20far.
³ “Marketing Metrics: Daily Searches on Google and Useful Search Metrics for Marketers,” Kenshoo, Feb 25, 2019, https://kenshoo.com/monday-morning-metrics-daily-searches-on-google-and-other-google-facts/#:~:text=Although%20Google%20does%20not%20share,That’s%20a%20lot%20of%20searches!
⁴ “Hall of Fame,” Nathan’s Famous, https://nathansfamous.com/hot-dog-eating-contest/hall-of-fame/
⁵ “21+ American Savings Statistics to Know in 2021,” Milan Urosevic, SpendMeNot, Mar 25, 2021, https://spendmenot.com/blog/american-savings-statistics/