Here is something that I plan on doing as a millennial. I’m currently digging out of a financial mess after my son having cancer, and covid. I don’t plan on buy

Here is something that I plan on doing as a millennial. I’m currently digging out of a financial mess after my son having cancer, and covid. I don’t plan on buying a house but have a lovely rental property to raise my children in. I’m finally making decent money and continuing my education to make even more. But my partner and I plan on saving 1000 a month or 10-12k a year. We can either do a high interest CD or bond, take it to an agency. At 10-12k a year in savings and calculating interest that would be around a million dollars to retire with. Then we plan on buying a small trailer in a 55 in up community which depending where you live can be under 100k. Will hopefully both have social security or other investments but ultimately we are going to live cheap and save. Buying a house is great but you spend a lot of money fixing, updating, insurance, and taxes. Will never see the equity that our parents did. Those selling their homes in the next five years. The current administration is taking a big piece of the pie in taxes atm. But yeah you need to start saving a lot of money before you are 50.