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Money Myth: I Can Invest Later
Manage episode 303850334 series 2925791
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In this episode, I discuss why waiting to save and invest for retirement is a bad financial habit. How much does delaying paying yourself cost you? What are the 3 reasons you cannot follow this mindset of investing later? Listen to find out.
Action Steps:
Go to this retirement calculator and enter in your current financial data and age to see what you will have in retirement savings at age 67. Then change the age number to 10 years from now to see what you would have if you waited 10 years. What is the number? How much more will you have to contribute if you wait 10 years? That is the power of starting now.
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