I didn't save for retirement until I realized it's building wealth - Business Insider

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'I'm saving for the future, whatever that might look like. While the accounts may say that I'm saving retirement, my goal is still exactly what I wanted all along'

, I was paying a load of student loan debt many times my annual salary. In my mind, I echoed a refrain I heard constantly as a kid — I'll never be able to save enough to retire anyway.

, though, to have a cushion for the future. I didn't want to totally miss out on the chance to start building long-term wealth while I was young. Instead of opening a Roth IRA like I should have for this goal, I opened an, an account which misses out on the tax advantages of retirement accounts. Looking back, I think I did that just because the account's name didn't involve retirement.

I always thought retirement savings would go right out the door to healthcare costs and groceries. But, that's not the case: These savings can build enough wealth to help you live a great life later on. As I started talking to retirees for Business Insider's, I found that these everyday people used their retirement savings to do amazing things.

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You go girl🙏🎆✝️ I made the mistake and didn’t do that and am having to rebuild at age 50! So I’m teaching my son not to repeat my same mistakes

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