Saving for retirement is not even on our radar when we’re in our 20’s or 30’s. However, now is the exact time we should be thinking about it. Because when you start saving for retirement at a young age, you see the most benefits.
For example, let’s say I started investing at 25 years old and invested for 40 years contributing $500 a month. By the time I’m 65, my investments will be around $1.2 million. If I waited just 10 years until I’m 35 to start investing the same amount, I’d only have $584,000. So if you’re reading this and in your early twenties, you’re lucky!
Now you know that investing as early as possible is so important. Time is on your side. However, if you’re in your 40’s or 50’s, it’s okay. You’ll just have to be a bit more aggressive with your savings.
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