Act Now! Invest Now!

Are you doing all that you can do to secure your financial future? It’s all too easy to put off saving as if you’ll get to it another day. What we must realize is that time is not on our side when we wait. The magic of compound interest (think interest on interest) happens over time. The longer your investments have to build and grow, the bigger your nest egg will be!

So what can you today? Act! Act now! Don’t put off saving any longer.

• If your company offers a retirement plan, contribute.
• If your company does not offer a retirement plan, find an investment company to open one with.
• Research! Do your homework.  
• If you already contribute to a company sponsored retirement plan, consider opening another individual retirement account (IRA) such as a Roth IRA.

As a new employee with my company, I currently am unable to contribute to the retirement and must wait a year. What to do in the meantime? Something I’d put off for some time; I opened a Roth IRA and contributed the max for the year (contribution limits vary, determine yours by visiting the IRS website ). 

The point of sharing that is not to say that you must contribute the max, the point is to take quick and immediate action. Every dollar you spend otherwise is one less dollar that you can invest and watch grow.

We must manage our money well in the present so that we’re in great financial shape in the future!

Make saving and investing a priority!