Reality Check - How Many Years Do You Have Left Until You're 65?Whether Retirement Is Just Around The Corner Or Have Many More Years To Go, Setting Yourself Up For Retirement Is Key And Must Start Now. Do The Math. If You Want 10,000 And Youre Investing At 5 Percent, You Need 3,765. If You Invest At 10 Percent, Youll Need 1,400. Its Great If You Have A Savings Account (youre Ahead Of Most Folks), But If Thats The Highest Form Of Investing Youre Doingwe Have A Lot Of Work To Do. Its Not MagicCompounded InterestIn My 30s, I Started Saving 50 Each Month. As I Earned More, I Saved More. If You Invest In A RothIRA, Your Money Grows Tax-free. Example: If You Invest 1 For 40 Years At1 Percent 1.4910 Percent 45.26 20 Percent 1,470Make Your Money Work For You.Get A Plan Down For Saving And Stick To It. I Was Trained In Trading Commodities. To Do So, You Have To Eliminateminimize Your Emotion. You Go In With A Plan And Stick With The Plan, Meaning You Invest Only Under Certain Circumstances And If It Goes Down More Than A Certain Amount, You Take Your Loss And Drop Out. If Your Trading System Loses 80 Percent Of The Time, Is This A Good System? Perhaps. If You Only Lose 0.01 (when You Lose), And You Make 0.05 When You Winthis Is A Good Trading System Because The Winnings Outweigh The Losses. You Can Make 20 Percent On Some Investments That Are 100 Percent Secured (by The United States Government, Such As Tax Deeds).
