Here is a new definition for saving for retirement:
1) Pay of all debts.
2) Tear up all credit cards.
3) Buy a piece of land and put a house on it, that you can afford on minimum wage (add on later). For sale by owner doesn't require the bank or credit checks.
4) Make sure that land has a good well and space for a garden and some fruit trees (definitely not in CA!). If the well water has tannins and sulfur in it, set up a rain barrel or other system for drinking.
5) Stock up on enough canning jars to provide food for your family for two years minimum. Can everything you can get your hands on. Your biggest investments will be in a pressure canner.
6) Get off all processed foods so that you stay in decent health and because you are under extreme stress, take butt loads of fish oil and vitamin B Complex Super Potency and don't take the krill oil it's full of poisons.
7) Learn to raise some of your own livestock. miniature goats, chickens, rabbits, etc.
8) Learn to pray and seek God as if your life depends upon it because it does. God provides when there doesn't seem to be a way. I've seen it time and time again.
You can do all of this on 1 or 2 acres. I bought, on minimum wage, a 3 BR mobile with 1 1/2 BA on 1.35 acres with fruit trees, a washer, an upright freezer and a double carport and paid it off in seven years.
I saved up for that place with change I kept sticking in a creamer jar. Yes, I saved for a down payment on a house with change.
What NOT to do:
• Don't eat out.
• Don't get cable or satellite and all of those non essential gadgets that eat up your wealth.
• Don't buy new if you can find it used.
• Learn to cook from scratch. Not only is it cheaper but it is healthier.
• Don't go into debt for new cars, expensive houses, expensive clothes, jewelry, gold or silver.
When things go belly up, whatever doesn't get traded within the first couple of weeks will be worthless because food and medicine will become more valuable than anything. You can't eat gold!
I found this to be an interesting comment because, to a large extent, it's the method Don and I have used throughout our productive years. Most peoples' strategy as they grow older has been to earn more; our strategy has been to spend less.
Or are we crazy?