Let's say you've been living on the edge, in the moment, for the last 10-20 years, spending every dollar of your pay cheque, and all of a sudden, you want to start saving/investing for a brighter future (ie. a home, car and family).
When is it too late? Some say it's never too late, but I seriously think one's hopes of a financial turn-around are miniscule at the age of, say, 90. Some also say you can go bankrupt before you're 30 because you will still have time to turn things around, but to me this just seems like some random figure plucked out of thin air.
So when do you think it is too late to start over?