“Change how you look at money, save some honey.”- Justin A. Starks
Not starting now when it come to saving for retirement could be your biggest regret. Many people are staying in the street and living in complete poverty because of that very exact reason. You have to learn that the money you make needs to be planted like a seed. No matter the weather, you have to put up more than you make. Sounds unreal huh? Well in most instances it’s not. Overtime through investing your money grows due to compound interest. That allows you to make more than you actually do over the years. Net worth is how much you have not spend or make through out the year. It’s sad that most of us don’t know the difference and think just because we make 40 to 80k a year we are well Financial off. It’s hard to even believe over 60% of Americans don’t have a Emergency fund of 1,000, not alone 500 for car repairs. This is scary and should remind the people that they are one tragic loss away from losing everything. This alone should tell you that probably you should start looking into saving for retirement instead of being a consumer. It doesn’t make any “Cense” not to save for retirement!