At a young age, on May seem to you that retirement is so far, but it is never too early to start saving for retirement when it comes to money matter.
As you are young, time is on your side. Do not wait until you're 30, 35, 40, 45, 50 to start saving.
Maybe still does not make my point of starting to save early for retirement.
Here, let's look at an example.
Say, put $ 1,000 in savings each year at the age of 20-30 years, contributing a total of $ 11,000. You can stop, but do not spend it, leave the money there
Your friend starts to save $ 1,000 at age 30-64 it is, contributing a total of $ 35,000.
Guess what? Your money will be more than your friend at the age of 65 years, although they put in a lot less.
Why? Since you started earlier and compound interest over time to make your money grow.
So now you see why it's important for you to start saving from day one (after full time) as their money will have many, many years to grow into a nice bunch.
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