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This is also a very good question. Let's face it this industry won't be as good as it was in the 1990s and 2000s, 20 years of great income. Which isn't going to be anywhere near as good for the next 20 years. So those around 40 has better have a good plan in place.
Are you putting money aside for a rainy day?
Will you be able to choose to retire and still have an income from a business, even if it is falling off.?
Will you have good pension plans with money coming in every month and not have to rely on the State.
And did you find enough to put aside into solid long term investments?
In 1977, I went as close to Bankruptcy as anyone will ever come. Then when the local authority closed me down, it was having money stuck away that allowed me to carry on. Those two incidents taught me a lot. Don't expect the good times to stay good. So I was a bit of a miser when Eva and I hit the good times and we saved it instead of blowing it away like so many here did.
If you never listen to anything I say, listen to this. Or regret it in the future.
Once spent, it doesn't come back.
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