Capital Works Pro
01/25/2020
Compound interest is so powerful. You need to start saving now, and I promise, if you save now for your retirement, you'll live the rest of your life worry free. Stack it, rack it, and tuck it away. An 8% return average per year will set you up for life and make you wealthy.
"I'm living paycheck to paycheck, how am I going to start?"
Start small and make gradual steps up. $50 a month is $25 per paycheck for the average person being paid bi-weekly. You won't miss a small amount like that. You can make increases to this amount as you see fit, but some great things you can do are finding ways to cut expenses, and making increases to your savings when you get raises in income so that you don't ramp up your spending.
If you think you will miss it, you might just be cringing at the lost opportunity cost, which is normal. There are so many ways to automate these savings, that after you set it up, you won't see it disappear and you will adjust to your new savings. It will get easier!
Congratulations! You're on a new journey to financial freedom!
Some options for obtaining an 8% return are; Traditional IRA, Roth IRA, Individual Taxable Investment Accounts, 401K, 403B, SEP IRA, Simple IRA, Real Estate Rental Property... ETC. These are just some of the options that may be available to you to pursue a great return on your money.
If you need any help, please reach out, I'd be happy to teach you.
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