Young & Single
How you handle your finances now (as
opposed to when you're in your 30s, 40s or 50s) could
have the greatest impact on your overall wealth 50 years
from now.
Why?
A little thing called compound interest. The dollars that
young people sock away today for far-reaching goals like
retirement have a long time to grow — and grow they
will. By saving now, you'll take a lot of the pressure
off when you're ready to go house hunting or are approaching
your golden years.
We know:
Coming up with a savings strategy while you're trying
to get your career on track and are struggling with all
sorts of debts sounds like a joke. But it can be done.
Making a decision to pay yourself first
is one way to start saving. Put aside 10% of your income
every month as soon as you get paid in a long term savings
vehicle like the Discovery Fund and watch your money grow.
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