Hello! Today I have a post written from a blog friend of mine. I was able to meet her at FinCon and talk to her quite a bit. She has a great blog and I definitely recommend that you check it out. This post goes along well with my recent post Why You Should Invest and Save For Retirement – Plus a Personal Finance Confession Fail. Also, if you are new here, check out my latest online income report – $14,136 in October Income.
There’s a myth out there that you need to be rich to get started investing for retirement.
You may think that first you have to pay off all of your student loans. Then you need to squirrel away $25,000 in savings. Maybe buy a house. Start earning an income of $100,000 each year. Only THEN would you consider yourself “qualified” enough to become a Capital-I Investor.
The problem is: waiting too long can threaten your ability to retire at all.
Because here’s the deal—the math is in your favor to start as early as possible. Even if that means starting with a measly $100 or so. (Seriously!)
If you need a refresher, here’s why, in math terms. [Read more…]