Step 1 - Start now
This step is essential; it is hands down the most important, for this reason:
For every decade delayed, one must save twice as much.
This means if $1,000/month was enough in your twenties, you’ll need $2,000 monthly if you’re in your thirties. For those of you starting in your forties, $4,000 might be in order.
Once you pick yourself off of the floor, we’ll move on.
The numbers are broken down in greater detail on the next page, but the rule is simple. The power of compounding interest can either work for you or against you. That’s why it is so important to get started right now.
If your mind is running through excuses—you are procrastinating. Starting doesn’t mean investing. If you are in debt, create and follow a plan to get out of debt. If you aren’t, start investing or increase your contributions if necessary.
Four Steps to Financial Success is a six-page pamphlet on building wealth, distilled into four simple, reliable steps. Continue reading online, or download the color pdf.
- An Introduction
- Step 1 - Start now
- Step 2 - Save enough
- Step 3 - Minimize expenses
- Step 4 - Own everything
- What’s next?
