Cheese.
I recently opened a retirement account (Roth IRA) with a management company. A lot of you reading this are probably rolling your eyes at me and thinking "oh come on, you should have had one of those ages ago" but the truth is that for the past decade I've been lazy. I'd originally planned to start one when I was 35, but a quick number crunch on an interest rate calculation program made me quickly change my perspective. The difference between saving for my future (at 7% annual interest) at 25 versus 35? Almost $700,000. That's a lot of zeroes, people.
If you don't have a retirement account, go start one now!!! Ramit Sethi has an excellent guide to retirement accounts on his website. Financial stability at retirement is something that I strongly belive an individual has to create for themselves - depending on social security, if it still exists in years to come, to provide a safety net doesn't seem to be a good plan.
Also - personal finance isn't necessarily boring; learning about how to effectively save and invest is probably some of the best learning I've ever gotten outside a classroom. It's also very, very empowering. I highly recommend this and this as primers on the subject.
Let me know how it goes, bbs. Srsly.
If you don't have a retirement account, go start one now!!! Ramit Sethi has an excellent guide to retirement accounts on his website. Financial stability at retirement is something that I strongly belive an individual has to create for themselves - depending on social security, if it still exists in years to come, to provide a safety net doesn't seem to be a good plan.
Also - personal finance isn't necessarily boring; learning about how to effectively save and invest is probably some of the best learning I've ever gotten outside a classroom. It's also very, very empowering. I highly recommend this and this as primers on the subject.
Let me know how it goes, bbs. Srsly.