Olde Hornet
Well-Known Member
Don't pat yourself on the back for saving. It won't be enough to set you on the right path
Good financial habits are a great starting point yet investing as early as possible is the best way to meet substantial goals, such as retiring or buying a home.
Laura Williams thought she had sensible money habits. She always put money aside. She spent less than she earned.
The Norfolk, Virginia resident, owner of online client-management platform Client-portal.io, thought she had a pretty good bead on her finances.
When she was in her late 20s, it became apparent to Williams that her eventual retirement someday might not be the slam dunk she assumed it would be.
“I started thinking about the people I knew who were retired and the lives they were living,” said Williams, now 30. “Some were living pretty nice lives, and some were really struggling.”
No time like the present
Like lots of millennials, Williams knew some people invested, but she wasn’t one of them. In her late 20s, she wasn’t putting anything aside for retirement.
The roadblock for many younger investors is the fear that they’re not knowledgeable enough.