Retirmenet seems to be one of the most often overlooked areas of yound adults plan in life. Simply because it seem so far way, it is an area that is subject to procrastination. People are expected to live longer now than ever before. Technology is booming. This is a good reason for us young adults to start saving for our future. Do we really think Social Security will be there for us when we reach the age to retire. I personally ahve started saving for my future. It simply make sense to learn about the stock and its options available. I have read the book Twenty Five Mistakses you don’t want to make inthe Stock Market by David E Rye. It gave me alot of inforamtion on the stock market. When planning for retirment, Individual Retirement Accounts offer several benefits. however careful planning is essential to ensure that adequate amount of money is saved and stocks are chosen carefully.
Most people think that if they are not already wealthy, they don’t need to do any financial planning. Wrong! That is the first mistake. Changing interest rates, unexpected unemployment, illness and hard times are all part of our lives. No on cares more about your well being than you. It is never too late to start saving for your future. Start asking questions.
The first step in financial plan is defining what you really want out of life. Putting in on apper will help you create a solid, well thought out investment plan. A worksheet will help you to figure hout how much you can realistically put away for your future. You will also need to know what your are worth. ASking yourself what your financial goals re. How much money do you want to make.
Finally there is no better time than now to take a look at your future. Most of us would like to be rich someday. Some of us will try any get rich quick schemes that comes along, including the lottery. Others will invest in bogus ground floor opportunities to make it happen. Still others will seek out the advice of an investment broker and buy the recommended sotck or mutual fund without much thought. Even though our inevestment plans are on consistent, and if we manmage to set investing goals, we dont follow them to achieve the financial security we desire. As a result, most of us won’t become rich from the investments in the stock market. Investing money the smart way takes discipline, time and patience. If you start out with a well thought out financial goal, you are likely to succeed. Good Luck!!!