Okay, so what’s the best financial tip I ever heard and personally used?
Well – it’s to save 10% of your annual income for your retirement.
Yeah, I know it’s hard to do. You’re saving for a house, you have 2 kids in college, and your daughter is getting married next August.
Who can think about and no less save for retirement if you’re dealing with any of this stuff?
Let’s say you’re dealing with some of these things right now.
Do you still write a check to make your mortgage payment every month?
Do you still write a check to pay your electricity bill every month?
Do you still write a check to pay your telephone bill every month?
Of course you do.
Now consider this. When you retire it takes about $960,000 (Excluding the equity in your home) to fund $4,000 a month in retirement income.
Trying saving $960,000 when you’re 62 years old – impossible.
It’ll never happen. What are you left with if you neglected a life time of saving for your retirement?
You’re left with Social Security (Maybe) and a part time job driving a Hertz airport shuttle bus.
The keys to a wonderful retirement include savings and compounding.
And remember this financial tip, it’s never too early to start saving for your retirement.
In fact, when most people seriously start to think about their retirement – it’s usually too late.
I’ll never forget what my Uncle Charlie said to me after he retired. “If only” I would have saved more . . .
On the subject of savings, I’m offering a half-price sale on my eBook titled “47 Ways To Sell Smarter.” The regular proce is $19.95 and your special savings price is $9.97. This is offer is available to the first 100 people who order.
http://tinyurl.com/47-sell-smarter