Saving won’t make you wealthy, but this will! – with Tremaine Wills
Are you ready to break that piggy bank open and start investing? Or maybe what’s been stopping you is the notion that you need a million bucks already in the bank before you can even think of boasting a portfolio? Well, let me tell you something: those days of hoarding your hard-earned cash are over! Anybody can become an investor—it doesn’t take rocket science and it doesn’t have to be expensive.
If you’re feeling overwhelmed by financial planning, don’t worry: it doesn’t have to be complicated. All you really need is:
- Strategy and a road map to get you from where you are now to where you want to be.
- To put away some cash each month.
- To understand compound interest.
Let me warn you now; don’t be tempted by fast gains – the best investments are ones you can set and forget! Eventually, you will be able to break away from trading time for money. So, what are you waiting for? Get that wheel turning today and you’ll be well on your way to taking control of your finances!
We encourage you to start early (and your children) because the earlier you begin investing, the more time your money has to grow exponentially – that’s the power of compound interest! In other words, starting younger means you don’t have to put in as much money for the same (or better!) outcome than someone who starts later. Check out the cool graphic below. Even if you invest more money, the person that starts late won’t catch up to the person that started early. But, of course, the best way is the start early and be consistent.
Perhaps you think you’ve waited too long. Listen, it’s never too late to start investing. Of course the earlier you begin, but the next best time to start is TODAY! Even if you don’t have much capital now, the key is to get in the habit of investing something. So if you’re feeling stuck and uncertain about how to approach investing, reach out to a financial planner today!
No matter your age—it’s time to get serious and start moving those financial gears. Let’s go!
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Tremaine Wills is a licensed Financial Planner and the owner of Mind Over Money Investment Firm. If you would like to learn more about investing, visit https://calendly.com/mindovermoneymeeting/my-next-money-move
