Invest in Your Future - Gerken Financial Coaching

?Investing should be?more like watching paint dry or watching? grass grow. If you want excitement, take $800 and go to Las Vegas. ~ Paul Samuelson ~

Day 9

Step 4 in your money plan is to start investing 15% of your income for your retirement. You only want to start this after you are out of debt and have your larger emergency fund in place. Trying to get out of debt and saving your emergency fund will take a lot longer if you are also trying to invest at the same time. The wise men must have had investments. They were obviously rich. They were bringing expensive gifts to the baby born in a far away land. They were on an extended road trip that had to cost them a bundle in supplies. I am pretty sure that they did not take?out a loan for the gifts or traveling expenses. They had invested and set aside money for this journey.

One day, the time will come when you will want to retire from your?job. If you invest each year, it will be an easy thing to retire. If you let other distractions take priority over investing in your future, you may end up living with your kids.?In our society, where we live in the now and with instant gratification, it?is hard to?plan long-term. But in order to be pointed in the right direction for?a good retirement, you need to act now and work retirement savings into your life style. We know that you have the discipline it takes. Make your future your priority because no one else will.

Do you have retirement savings? Would you need to raid it if you had an emergency?

Source: http://www.gerkenfinancialcoaching.com/2013/01/invest-in-your-future/

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