Early Career Financial Planning
One of the best ways to have a successfully planned financial position later in life is to use financial planning early in your career. Like anything, a goal without a plan is just a dream. You need a plan to pursue your financial goals.
If you’ve ever enjoyed the shade of a tree, it’s because someone planted that tree many years ago. Building wealth is best started early in your career when that money has the most time to grow.
Here’s a Trick to Save Without the Pain
After determining how much you may need to contribute (save/invest) each paycheck toward your retirement goal, here’s a trick to increase your contributions gradually without sacrificing your take home pay: when you get a raise, allocate part or all of your raise for automatic deductions toward your retirement account contribution. That way, you won’t take home less but you will set yourself to make significant progress. Every paycheck, you’ll be making noticeable progress toward your retirement goal.