Hi All,
We're all about investing for the
future, building wealth for tomorrow and smart investment strategies.
But sometimes it's important to take a step back and ask why.
What's the point of investing for tomorrow when the future is uncertain?
Here's why we invest:
Life is uncertain. The world is unpredictable with inflation, storms, and unknown future investment returns.
We don't know how long
we'll live.
We don't know how healthy we'll be.
We don't know our future financial needs.
We don't know the stability of our future Social Security payments.
By investing today, for tomorrow, we can defer a small amount of spending today for a modicum of financial security tomorrow. Having the financial resources to live a full life today and tomorrow won't eliminate all your problems and worries, but is will shrink your financial woes.
When you think
about spending your next dollar, before you pull out the card, take a moment to consider whether that $20 payment today is more important than having an extra $200 in retirement.
Although not perfect, 10x a dollar amount today, to guesstimate what you could have in retirement.
For example,
if you invest $1,000 today and
earn 8% on average, then in 30 years that $1,000 will be worth roughly $10,000. That's approximately ten times the growth of your initial investment.
Now, we get it. Thirty years is a long time to wait to enjoy the fruits of our
investments. It's much easier to just spend that money today. But there are ways to set your spending on auto-pilot, so that the future will take care of itself.
For those who don't love managing their investments and want a successful retirement, without the stress of watching every penny, consider setting up an autopayment into an investment manager. If you're regularly contributing to your
workplace 401k or 403b, you're already doing that.
Want some ideas about how to turn today's earnings into tomorrows financial security?
