Start a Retirement Fund Now!
 
 
Start a retirement fund.  If you work for a corporation that has one, use the 401(k) plan.  If employed by a firm with no pension plan, open an Individual Retirement Account.  As a rule, both the contributions to these plans and the earnings are untaxed until you withdraw the […]

Build a Huge Nest Egg
 
 
You can build a huge nest egg for your later years simply by living below your means.  Does it mean driving a car that should be abandoned in a junkyard?  Not really.  Does it mean eating oatmeal seven days a week and drinking only water?  Not really, but perhaps […]

Compounding

Year after year, any money you invest may earn interest, dividends or capital gains. When you reinvest those earnings, they help generate additional earnings; those additional earnings help generate more earnings, and so on. This is called compounding. For example, if an investment returns 8% a year and its earnings are […]

The Best Time to Begin Saving

When should you begin saving? As early as you can. If you start at 25, and put away $25 a month, you could reach $300,000 by age 65. If you wait until 45, that $300,000 at 65 may cost $300 a month.

Remember the rule of […]

Simple Saving Rewards

You can receive financial rewards by saving and by personal discipline! It isn’t easy to save! It takes a commitment to start saving and sticking to it. Something else will always be waiting to take your money. But no one else will save for you, so you have to […]