Is it ever too late to get started?

By Butterfly70

I was born in 1970 and most of this knowledge boom has occurred within the past decade.  I want to know; in my mid-forties, is it too late to become rich? I spent most of my adult life taking care of home and family (I have no regrets).  My children are older and are developing their potentials.  Soon enough, the proverbial nest will be empty and I want to do more for and with my life.

The timeline outlined in one of your YouTube videos broken down by decade called the time between 40 and 50 the ‘coasting time’ and the beginning of developing your plan/ambitions/goals is in your early twenties.  But is it really too late to become wealthy, in your mid-forties?  Thank you for answering.

 

Discussion - 2 Responses

  • No I don’t think its too late. Go for it

  • It’s never too late! KFC was started by Colonel Sanders at 62 because he realized his Social Security check was too small. Ray Kroc revolutionized McDonalds at 52. Robert Noyce founded Intel at 40.

    I think it’s just easier when you’re younger because you have less financial obligations and family responsibilities. Also, as people become older, they are more “set in their ways” and don’t want to risk their comfortable lifestyles.

    I’m in the entrepreneurial trenches myself. It’s a long journey but I’m loving every moment. The hardest thing about being a startup entrepreneur is not my age but the sacrifices I had to make in order to get to the top.

    I’m rarely get more than 5 hours of sleep, free time is non-existent, I don’t have “spending money” and I’m working two other jobs to fund my company. If you’re willing to make the sacrifices, you’ll be successful 🙂

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