If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.
Tuesday, December 28, 2010
Next month, more than 10,000 boomers/day turn 65 (your day is coming) and they are not ready for retirement. Why? They didn't save and invest enough.
How can a young couple learn to save and invest? They can get an expensive financial advisor. Or, they can listen to the 28-year-old that their 401k provider sends as a counselor. Or, they can read Ramit Sethi.
On the left is a chart from "I Will Teach You To Be Rich" by Ramit Sethi ( p. 72).
In my opinion, Sethi's book is one of the best that a young professional can read. It would also make a great gift for a young married couple (hint: great use for that Border's gift card). It teaches in a way that young people relate to.
If you don't have a gift card, get a library card.
Here is a link to a YouTube video by Sethi detailing how to automate your accounts - an important step in setting up a saving program.
In the book, Sethi covers all the bases from credit cards to investing with a huge dose of inspiration and an appreciation of how busy young professionals are. This is a no -excuses, 5week program.