This week on the Retirement Quick Tips podcast, I'm talking about why most Americans never reach financial independence and become wealthy.

Most of you listening to this podcast are boomers and gen Xers. College debt wasn't the crisis back then it was today. In fact, for many of you listening, unless you went to law school, medical school, or got some advanced degree, there's a good chance you graduated college with little to no debt.

Unless you've been living under a rock, that's obviously not the case today. Average student loan debt is now $39,075. Repayment usually takes 10-20 years at $500+ per month.