People everywhere are talking about retirement planning, advising you to invest in this or that product. But how, with no capital nests to do so, especially when you just enter into working world or starting a family. Envy builds up when you see others (especially friends from rich families) with the extra cash to invest in financial products and make their money work harder for them. Often envy turns to frustration and defeat - we from the lower-middle income earners just resign to our fate and continue to live in such a sorry state.
You can be set free! Nah, you will think that I must be kidding! It may seem to be a slow start but it is the starting point to fulfil your bright future...... SAVE, SAVE & SAVE! You may think that the bank is not paying attractive interest rates, so what's the point to save, isn't it a waste of time. The point is not to earn bank interests but to BUILD UP the POOL OF CAPITAL first before you can start investing in products that give you better returns.
How long does it take to build one's capital? That will depend on your saving comfort level and the capital you require. You may decide to save $250 every month. So in 2 years, you will have $6000 ($250 x 12 months, excluding bank interests) at your disposal. To have some capital or zero capital in 2 years time will depend on the choice you make today.
It's never too late to start! The market is always there!
You will only be sorry if you never take the first step!
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