Baby Step 4 continued.

Updated: Feb 14

Yesterday, we spoke about saving for retirement. We continue that theme today which is baby step 4. Save 15% of your income towards retirement. After all, as pictured above, your in-laws should not be your retirement plan 😂. The truth is you need about a minimum of about 500k to retire. You can take that amount to supplement your ‘social insecurity’ income. It won’t be a luxurious retirement but it will do. However, we want to do things correctly.

So how can I get 12% interest, you might ask? You have to get that in the stock market—the only way possible. Bank savings accounts pay less than 2%. That is not enough. Inflation alone historically runs at 4%. You are actually losing money by keeping it in the bank. The same with bonds and Certificates of Deposit, aka "certificates of depression" 😂 That is the risk of not being in the market. However, on the other side I don't do individual stocks. Too much risk. You have heard of the expression ‘don't put all your eggs in one basket.’ I do not put my money in individual stocks. Too much risk. Even the Bible recognizes this:

“Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.” (Ecclesiastes 11:2)

That is why my preferred method of investment is mutual funds. Growth Stock mutual funds or an index fund. Here is why. A mutual fund is made up of anywhere between 40 to 250 companies. Not one company can be more than 8% of the fund. Therefore if one company goes “belly up” you still have 92% of the fund that can make you money. That is diversifying your money. If you look at the funds in the pictures they have basically averaged 12% for the life of the fund. Look at the inception category on the far right. That includes several down turns and market corrections. It can be done.

I have four types of funds: small growth, medium growth, large growth, and foreign growth. Each one this past year has averaged above or near 30% interest. It can be done folks, but you have to want to do it. Look at the pictures from actual funds I own in my retirement account. I will be your biggest cheerleader in the group. More on this topic tomorrow. God bless you all.

Here are links to two books I recommend that changed my views financially.

Simple Wealth, Inevitable Wealth shows you why the stock market is the only way you will retire comfortably in America. It helps you realize that it’s not that complicated or scary.

The Total Money Makeover by Dave Ramsey. This book keeps things simple and helps motivate you to get out of debt and plan for your retirement. It‘a the basis for much of my advice.

If you have questions don’t hesitate to ask here. Take charge of your money!

Your biggest cheerleader on the web,

Gio Marin

Disclaimer: Past returns are not indicative of future returns. Please consult a financial advisor that can tailor a plan to your needs.


© 2023 by Gio Marin. Proudly created with

  • Black Twitter Icon

​Tel: 832-920-1751

Schedule a call

What primary issue should we focus on during your coaching session?