I want to first start off by saying that I am by no means a professional investor nor do I have a net worth of a million dollars. However, I want to discuss the importance of investing now at a young age. Today so many Americans are falling behind when it comes to investing and planning for their future. According to a recent study most Americans have less then $25,000 saved for their retirement. This is scary and one of the reasons why the US could be heading for disaster. I learned from a young age, thanks to my economics class that investing is a powerful tool to grow wealth and change your family tree. Neither of my parents came from a wealthy family but they wanted my to do better. They always encourage me to invest and save my money.
It is amazing that if you started when you were 18 and only invested $500 dollars a month till the time you retired assuming 7% return you would have over $2 Million dollars. That is an amazing amount of money that could truly change your life and your families.
I want to end this post with a few links that may help you become more involved in investing.
Dave Ramsey
Investopedia
Vanguard
Yahoo Finance
-The Old Guard
Most people think in the present. It is hard for people to think after retirement. However, I have learned that it is necessary from my husband. He takes care of all our finances and does an amazing job at it! =)
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