Two truths
September 5, 2017
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M The early bird gets the worm, and the turtle wins over the hare. Application:
Beginning savings in early years, even when the amounts are low has massive payoffs in the long term.
V Slow and steady savings over the long term helps even the average investor save enough for retirement and helps avoid poor market timing by dollar cost averaging (which is buying an investment a little at a time over regular steady intervals).
M Have a goal. Besides retirement, saving for a desired lifestyle is important. Some examples are, being generous, flexibility to travel, education. Starting early pays off.