Retirement

When you think of retirement, of what do you think?

Are you not old enough to start thinking about your retirement?

When do you think that process should start?

Believe it or not, you should start thinking about your retirement, the day you graduate from high school even though you might not start working until you graduate from college.

Why?

Cumulative Interest Earning...

It may not seem like a big deal to you at 18 years of age, but it you start saving $2.50/day at that age and do so every day for the next 40 years...  at the end of those 40 years, you will have $500,000 and you will then be age 58 and still too young to draw Social Security.

You will have this amount of money because of Cumulative Interest Earning...

If you and your wife did this together, you would have ONE MILLION DOLLARS and if you and your wife saved $5/day, the two of you would have TWO MILLION DOLLARS...

Your money would be invested into a Mutual Fund which are nice and safe investments but which over a TWENTY-YEAR PERIOD OF TIME tend to generate, on average, 8-10% each year.

We are not really talking about the stock market or buying individual stocks as mutual fund invests in hundreds of stocks at one time so, if one loses, one gains...  the gains always outweigh the loses.  But, the ROI (interest earned) is typically LOWER than in the stock market.

How much money do you throw away each day?