Start Your Financial Plan Today
Starting Your Investing Plan Early Is The Easiest Way to Reach Retirement
We can’t stress this point of financial advice enough. You must start your financial plan today! Assuming you have 30-40 years until retirement, every year you forego saving or investing money today will subtract 1-5 years from your retirement. Just think, by saving and investing all you can today, you may be able to retire up to 5-20 years earlier than you expected. For a better understanding of why it is so important to start saving and investing today, it's important to understand why a dollar saved today is worth so much more than a dollar saved tomorrow. See the time value of money rule for a description. And start saving money today!
The next rule is to prioritize your investments.