Why invest you ask? Well, I’m no Wall Street expert. I’m no financial wizard. But I know the importance of investing in the future.
And not just your own personal future. Every dollar you invest is a dollar into the economy, a dollar that goes out into the world and makes it a better place. Money you invest today equals a little more comfort for you later on in life.
The first job your money does is multiply. With luck, patience and a little smarts, the money you invest today will grow over time and when you are ready to retire or make a big purchase such as buying a home, your money will be there for you. Retirement is expensive and if you don’t start investing today, you will struggle when it comes time to live without that income you have grown to enjoy.
Chances are good that you will receive far less from social security and any retirement plan than you are currently making now. For that reason alone it is crucial that you start investing now. When that steady pay check is gone you will still want to live the lifestyle you have grown used to, but if you aren’t prepared, if you haven’t invested enough, you will have to make some major changes when you retire.
Another issue to think about when considering whether or not to invest is your health. When you retire you will likely lose whatever medical benefits you receive because of your work. Or maybe you don’t receive any now, but you are a healthy person. As you grow older your medical needs will increase and unless the government makes some big changes, you won’t get much help from them.
Why invest? For the future. For a comfortable future. For the future of your dreams.