Is it too late for me to worry about this and start making changes?

我現在擔心這個問題並開始做出改變是否為時已晚？

I think it'd be helpful for people first to hear, how would you even respond to that?

我認為，首先讓人們瞭解一下，你會如何迴應？

You know, I've had the same response largely for many years now, so I realized that some people will have already heard me say this, whether it's on another podcast, but truthfully, I haven't come up with a better analogy yet.

你知道，多年來我一直有同樣的反應，所以我意識到，有些人可能已經聽我說過了，不管是在另一個播客上，但說實話，我還沒想出一個更好的比喻。

And it's really the analogy of saving for retirement.

這其實就是退休儲蓄的比喻。

So if you could be talking to somebody who's in high school or college and you were talking to them through the lens of, you know, being a financial advisor, they're fiduciary.

是以，如果你和一個正在讀高中或大學的人交談，而你是通過財務顧問的視角和他們交談，那麼他們就是受託人。

What would you say?

你會怎麼說？

Well, you would say, listen, there's this really magical thing called compounding that Einstein basically said was the eighth wonder of the world, and you want to use it to maximum advantage.

嗯，你會說，聽著，有一種非常神奇的東西叫複利，愛因斯坦基本上說它是世界第八大奇蹟，你要最大限度地利用它。

And to do that, you should start saving immediately, right?

為此，你應該立即開始儲蓄，對嗎？

If you can start saving, you know, before you even, you know, when you get your first job, you should be saving.

如果你能開始儲蓄，你知道，在你找到第一份工作之前，你就應該開始儲蓄。

And if not, certainly by the time you get out of college, you should be saving.

如果沒有，當然在你大學畢業時，你就應該開始儲蓄了。

And if you do that, you don't really have to be that brilliant about it, right?

如果你做到了這一點，你就不需要那麼出色了，對嗎？

You just, you know, if you put all of your savings into an index fund at the age of 22, the probability that you are not going to be set when you retire is so low.

要知道，如果你在 22 歲時就把所有積蓄都投入指數基金，那麼你退休時不被套牢的可能性就非常低。

Okay, so that's great.

好吧，那就太好了。

But what happens if you're talking to somebody who's 45 and due to life circumstances, like they just haven't been able to save?

但是，如果你遇到的是一個 45 歲的人，由於生活條件所限，他們無法儲蓄，那又會發生什麼呢？

They haven't made enough money to even have some disposable saving income or they've had, you know, they've saved and lost or invested badly or something like that.

他們沒有賺到足夠的錢，甚至沒有一些可支配的儲蓄收入，或者他們有，你知道，他們已經儲蓄和損失或投資不好或類似的東西。

Would you say, well, you know, too bad?

你會說，太糟糕了嗎？

No, of course you wouldn't.

不，你當然不會。

So I guess the point here is it is never too late to start saving for retirement, but you must understand something, which is the longer you wait to start, the more you're likely going to have to save, the greater return you're going to need, and therefore probably the greater risk you're going to take.

是以，我想這裡的重點是，開始為退休儲蓄永遠不會太晚，但你必須明白一點，那就是你等待開始儲蓄的時間越長，你可能需要儲蓄的金額就越多，你需要的回報就越大，是以你可能要承擔的風險也就越大。

So it's never too late to start saving and it's never too late to start exercising.

是以，開始儲蓄永遠不晚，開始鍛鍊也永遠不晚。

But I want the message to be, don't wait because of some reason and say, well, you know, I'm going to wait until I'm older because, I mean, so, so anyway, to me, that's the best way to think about this.

但我希望傳達的資訊是，不要因為某種原因而等待，並說，好吧，你知道，我要等到我更老的時候，因為，我的意思是，所以，所以無論如何，對我來說，這是思考這個問題的最佳方式。