Albert Einstein said, “Compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t… pays it.” Delaying the start of your financial plan can cost you dearly. An early start can lead to an early retirement, a shift to a more satisfying career, and maybe a beach or a lake house. Whatever your dreams are, they won’t become reality until a plan is set and action is taken.
Every day I get to sit down with people and go over their finances. I view these meetings as a privilege because finances are personal, and people don’t often know who to ask. Some people are afraid we might deliver bad news, some think they will deal with it later, and other people aren’t even sure what a financial planner really does. A lot of people dream but don’t do. Others only worry which leads to more insecurity.
A comprehensive financial plan will show you how much to save, where to save and invest, when to pay off debts, and when not to. Certain accounts have tax advantages while others are accessible for more short-term goals. There are calculated ways to manage risk and ways to take risk. Working with a CERTIFIED FINANCIAL PLANNERTM professional will create a customized road map to achieve your personal goals. We offer a free initial consultation, so you can interview us and learn about how your plan will be built. This is something most planners will offer, so don’t be shy about calling.
A good plan will tell you when you can retire and how you can buy that beach house. Income doesn’t drive wealth as much as good habits and a disciplined strategy do. Time is on your side, and you can start building wealth today.