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.
I haven't read Ramit's book, but I post his video on my blog a while back. I've been doing what he recommends for years, since back in the 80's. It works.
ReplyDeleteRe: The Grouch He has a number of good videos. His writing I think speaks well to young people and is very energetic.
ReplyDeleteSave now watch 'The Hills' when you retire! You'll have all the time in the world! :)
ReplyDeleteRe: MoneyCone You have to admit it's a good line.
ReplyDelete