Thursday, January 19, 2012

Savings doesn't just happen, it has to be a goal or hobby

    We aren't going to just wake up rich someday, unless we win the lottery or inherit a large sum. If that's your retirement plan, please find a different blog to follow. Spending less than we earn and investing those funds over a long period of time is the only way to achieve financial security. Our individual income levels don't have much to do with success either. Many people with below average incomes save and retire early. I've known others that earned high six figure salaries and still accumulated debt because they never made saving a goal or hobby. When the time for retirement comes, only those that have had a long term plan in place, to spend less than they earned, will be ready.

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