WEALTH BUILDING TIP 2

ITS NEVER TOO LATE... BUT START NOW!!!

EXCERPT FROM THE BOOK TAX-FREE RETIREMENT BY PATRICK KELLY

       Let me ask you a question. If you wanted a nice, big oak tree in your front yard, when would have been the best time to plant it? Certainly a hundred years ago or more, right? However, if that tree was never planted, when would be the next best time to plant it? You got it- today! 

       This same principle holds true in the world of investing. When would have been the best time to start investing? The day you were born. But unless you were an exceptionally gifted infant, it probably didn’t happen (unless of course a parent or grandparent was wise enough to know this principle.) So, just like the oak tree, if you haven’t started, the best time to begin is right now- today. 

       If it makes much sense to start early, why do people wait?

Because life is geared that way. When you’re in your twenties, thirties and even forties, life throws you demand after demand, all of them urgent. It’s a time when people are trying to get established and find their path. They start their career, get married, add children to their family, buy their first home, put new tires on their ten-year-old Chevy, put braces on junior No. 2, buy a car for junior No. 1, and a hundred –and-one other things that distract them from beginning to save for their future. Their need for money is right now. Life is expensive and saving becomes only a dream. Therefore, many people put off investing until that mythical “someday” when they have more money. Yet in most cases that “someday” never comes. Life’s demands have a way of increasing faster than one’s income. There’s only one way to break the cycle- pay yourself first and build a tax-free wealth for you and your family.