High Cost of Waiting to Invest
WHY DO PEOPLE WAIT TO INVEST?
There is a High Cost of Waiting to Invest. There are many reasons people may wait to start investing. Some are justified for example; you may not have your future plans all laid out. Deciding if you will further your education, buy a home, have children, or other important life milestones and so sometimes delaying investing is natural.
There are also reasons that are, in fact, nothing more than excuses. Waiting for the stock market to change or allowing fear or lack of knowledge to keep you from investing.
WOULD YOU LIKE TO SAVE 1 MILLION DOLLARS BY RETIREMENT OR AGE 67 IN CANADA?
You should start soon, the longer you wait the more you would have to invest each month to reach that goal.
27 years old? You would have to invest $214 dollars per month to reach 1 million dollars.
37 years old? You would have to invest $546 dollars per month to reach 1million dollars.
Start investing at age 47 and you would need to invest $1497 per month to reach 1 million dollars by your retirement.
Investing at age 57 and you would have to invest over $5100 dollars a month to reach 1 million dollars.
If you wait until age 62 to start investing you would have to invest over $13,200 every month to reach your retirement goal of 1 million dollars.
The sooner you start investing the less you will need to invest each month to reach your retirement goal.
Above are some examples of assuming a 9% rate of return.
Avoid the high cost of waiting to invest and start today with an Expert Associate from Experior Financial Group Inc. We can get you started on the pathway to meeting your retirement goals.
WHEN SHOULD YOU INVEST?
When should you invest? Knowing the right time to invest can be difficult. Ideally, though you would start
the day you are born so that the money you invest has the most time to grow while you are a child and don’t need access to it.
Parents rarely think about investing for their children and often have more urgent needs to tend to.
The next best time to start is as soon as you have money to avoid the high cost of waiting to invest.
Our Expert Associates can assist you in retiring your debts with a plan to pay off your debt quickly to get you investing in the future. Let one of our associates show you how to get the most out of your money to get you to your goals as quickly as possible.
If you find this overwhelming, an Experior Associate can get you on the right financial pathway to securing your income, paying down debt, and reaching all your retirement and financial goals.
For more Financial Educational pieces visit https://www.experiorfinancial.com/financial-education/