For the first time in years, Kerry was forced to take a long, hard look at her bleak financial situation. Jean flew to St. Louis to meet with Kerry and help her start rebuilding from the ground up.
Before Jean arrived, Kerry had $60 in her checking account, $49 in her savings and had been borrowing from family members to get by. She was also forced to move out of her 3,000 square-foot dream home.
Still, Jean says there's a bright side—it's not too late for Kerry to start again. Finding a job is top priority, Jean says. Kerry says she needs a minimum of $2,000 a month to support herself. Jean figured that Kerry needs to find a job in which she will be able to earn $3,800 a month before taxes to support herself and start saving.
Get the four simple steps that Jean says can help anyone get richer.
Of that $3,800, Jean says Kerry needs to start saving $1,000 each month for retirement. If Kerry invests that money for 20 years, Jean says she can have more than $600,000 at retirement! "It's not too late for you," Jean says. "You can do this."