I am completely obsessed with these Olympics. When I get home, I plop myself on the couch and sit for house watching whatever is on. I like sports where I can yell at the TV rooting for my team.
On Sunday, I was able to do that in the Nordic Combined, as an American, Johnny Spillane, and two others raced for the finish line, with Spillane winning the silver medal by 0.4 seconds and missing out on gold by the same amount.
Short track speed skating is another fun sport to watch, and watching Shaun White snowboarding last night was nothing short of fantastic. And hockey should be fun this this next week.
I don’t consider myself a big snowboarding fan, but watching the men’s finals on Monday may have changed my mind. Unlike the luge and ice skating, the final consisted of just four athletes, who started from the top at the same time and raced down the hill for the medals.
I watched two Americans try to get medals, but when Seth Wescott fell behind by a considerable margin, I considered him out. There was just no way. But to my surprise, he began a furious comeback, cut corners, passed two competitors in the air, and climbed all the way back to take the lead and held on at the end to take home the gold.
What does this have to do with personal finance?
A lot of people don’t bother funding their retirement when they are 22. Many don’t when they are 25, either. And some put it off until they are 30 or 35, too. After all, why put away money for something 30 years away? That’s a long time from now, and there is a lot of time to catch up, you know, when we earn more money.
The point is that it’s never too late. You may be behind, but there are always opportunities to make a comeback and if you try hard enough, reach your goals.
It starts with getting the company match on 401(k) contributions, continues by opening an IRA, and finishes by fully funding both plans for many years.
So if you’re behind, don’t give up hope. Renew your investing intensity. It may not be easy, but it is definitely possible and with enough effort, you can achieve even your wildest dreams.