Obama retired at 55 and Trump started at 70, what's the connection between this in building wealth?

[Starmix]

The connection is not about a specific age being right for building wealth, but rather about some factors. Obama, retiring at 55, suggests that he likely began serious wealth-building earlier in life. This gives investments more time to benefit from compounding returns. Starting early is a huge advantage in finance. While Trump entered politics later, he had already amassed wealth. However, someone starting from scratch at 70 faces a much shorter time horizon to build wealth. His career trajectory is likely to lead to peak earning years before retirement. His peak earning years were likely much earlier in his business career. Entering politics at 70 was a career shift, not necessarily a peak earning opportunity. Obama, with a longer time horizon, could potentially take on more investment risk earlier in his career, aiming for higher growth. Trump, already wealthy, his investment strategy in later years might have been more focused on capital preservation than aggressive growth.

In short, the Obama/Trump comparison highlights that building financial wealth is not about a magic age, but about a combination of time, career choices, investment strategies, and a broader definition of wealth.

 

[eLdavis]

When it comes to building wealth, age is not the issue but how you make use of the opportunities that comes your way.

 

[Trush Jodie]

Trump didn't start building wealth at 70. How come the heading says that he started at 70? And he didn't even start politics at 70 either.

 

[Starmix]

Trump didn't start building wealth at 70. How come the heading says that he started at 70? And he didn't even start politics at 70 either.

It's explained in the post that he's not building wealth at 70 but rather shifted his career, he's already a billionaire before entering politics. It's only explained about age comparison and the prospective ages that supports that the early you start investing, the more amassing wealth you can obtain unlike starting old. Review reading the post to clarify your doubt.