Hi Simon - I really enjoyed your post. I agree, you CAN start late...only I did about 13 years ago. Nothing exciting or creative, other than maxed out my 401K every year, and did invest with a crazy BK Wamu stock that is recovering years later in a nice additional nest egg. If I had only (famous last words) just consistently contributed to my 401K when we started it, I would have at least double what I have today. But I didn't see it, I didn't have the vision and nobody to blame but me.
I am still working full time, very close to pulling the plug in the next few months. I can't wait, but also nervous about not having a paycheck...I've never not worked. I am looking to find a retirement tax advisor and FP, to give me some expert advice. I follow a few groups, to gather intel and avoid costly mistakes. I would like to use some funds for some stock purchases, but I'm a buy and hold type gal, at least for the moment, just too busy with work to have something with timing issues. I do track my balances daily, which is easy as I do this for work so I do the same for my own at the same time.
One thing I always remember someone told me years ago, "it's not what you earn it's what you spend." Watching those subscription fees that sneak into your credit card, the coffees and eating out really adds up, especially now. I love eating out, but pretty much keep it to special times with friends and family. As you get a little older shop for special deals with internet/phone/TV/insurance even some tax breaks.
Oh I just thought of something. On the retirement planning FB page, someone wrote "run from a retirement advisor who tells you when you ask what their fees are 'if you don't make money I don't make money.'"
And son of a gun if one local guy tell me just that!