Many people start retirement planning at the age of 45. While some people who are in their early thirties think that it is too early to start retirement planning.
But wait, if you are 45 today and thinking that you are early to start retirement planning than you are mistaken. There are many people around this world who have started the retirement planning since the first day of their earning life means may be 25 or even earlier than that.
It is very important that you start early. Because than and only the compound interest will work in favour of you to make you rich and financially free. Starting Retirement Planning at the age of 45 years is a little bit late. But still it is better than no retirement planning at all.
Investment is not just the game of money but its the game of money and time both. Means you have to invest time also. Your Investment can only grow if you invest money and time both.
It requires a time for Compound interest to work. If you never invest your time, the compound interest will never work for you. So the key of successful Retirement Planning is – Start Early.
Those who have started their retirement planning at the age of 25 years will be far ahead from who started at the age of 35 or 45. So if you are 45 today than think that you are late and start your retirement planning Now. First of all get out of all kinds of Debts and Liabilities. Paying off your all debts is the best investment.
Get out of the Credit Card bills and any other types of debts. And start investing vigorously. Invest in Mutual Funds if you don’t have much knowledge about the market. Start SIP in some good, equity diversified mutual fund and systemically invest in it.
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