Money Management Principle: Start Investing Early!

I have met many people with good intentions to start saving and investing, but they always had an excuse for not saving. 

Even with good intentions to save, many don’t follow through on this goal. 

There always seems to be another temptation or expense that steals the money that was supposed to be allocated to their savings.

Unless you make saving and investing a priority, it simply won’t happen. 

Today, I want to encourage you to start saving and investing.

The longer you wait until you start saving, the more you will need to invest…

If you do not start investing until age 45, you will need to invest three times as much as if you begin investing at age 25. 

Let us unpack this…

A father and a son were planning to retire at age 65. If the son started investing at age 25 and the father only started investing at age 45, the father would have 20 years less to build up enough money for retirement.

To be in the same position at retirement, the father would need to invest THREE TIMES MORE than his son.

Don’t delay! Starting saving today!

The earlier you start investing money, the better off you will be. 

Unless you make it a priority that you will save before you spend, you won’t do it. 

God’s word has much to say about the importance of saving and investing…

“The wise man saves for the future, but the foolish man spends whatever he gets.” (Proverbs 21:20)

“Whoever gathers money little by little makes it grow.” (Proverbs 13:11)

I must encourage you to start saving and investing as early as possible. 

The earlier you start investing, the better.

Don’t wait until you are 45, when you will need to invest three times more than if you started at age 25. 

Don’t delay. Start saving and investing today!