Happy Holidays from BiggerPockets! We hope you had a holly, jolly, frugal, and festive holiday season. As our team of BiggerPockets elves takes a break to prepare for an even bigger and better year ahead, we wanted to bring you one of our all-time favorite episodes for an encore presentation. In this show, you’ll hear from two inspiring individuals who were able to achieve retirement despite starting late in the game.

Is it possible to retire early if you’re broke in your 50s? What about regular retirement when you have a negative net worth later in life? If you think it’s too late to retire, our guests today are here to prove you wrong. Becky Heptig and Bill Yount both woke up in their 50s with little to no savings, facing the daunting prospect of working for the rest of their lives. But instead of accepting defeat, they made a drastic change and started aggressively saving and investing. Now, they are both retired as millionaires with complete financial flexibility.

Becky and Bill’s stories are proof that it’s never too late to start planning for retirement, even if you’re starting from zero. In this episode, they share their journeys to financial freedom, the “wake-up call” that motivated them to make a change, and their advice for others who may be in a similar situation. So if you think it’s too late to retire, think again. Becky and Bill’s stories will inspire you to take action and start planning for your future today.

Listen to the Podcast Here

Read the Transcript Here

Watch the Episode Here

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In This Episode We Cover:

– How Becky and Bill went from broke in their 50s to millionaires in their 60s
– The dangers of lifestyle creep and why a high income doesn’t guarantee financial security
– How to shift your mindset from “spend first, save last” to “save first, spend what’s left”
– The “wake-up call” that prompted Becky and Bill to change their financial habits
– Whether or not it’s ever “too late” to retire and what to do if you’re behind on retirement planning
– Becky and Bill’s advice for those who are broke in their 40s, 50s, or 60s
– Why buying a boat is a bad financial decision
– And so much more!

Links from the Show:

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Note By BiggerPockets: The opinions expressed in this content are solely those of the author and do not necessarily represent the opinions of BiggerPockets. 

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