Most vegetables are planted in spring and harvested in early summer or early fall. To have a crop you have to sow the seeds to reap the harvest. You have to do the work to get the vegetables. others like onions, spinach and scallions can be planted in winter and harvested in Spring time.
Planning for your retirement or death works the same way. You have to work hard every day and put away a small amounts of your money so it will produce small gains for future use.
The frenzied pace of our digital lives is crazy. We are constantly on the move. too many things to do, places to be and people to see. We all truly want to be ready financially ready when retirement comes, but too often we fail to plan for the future.
“The best time to plant a tree was 20 years ago. The second-best time is now.” – Chinese Proverb
What to do? The future comes quickly, sooner than expected and tomorrow is not a guarantee. Make a plan and commit to start no matter how small. If you have a family, buy life insurance to protect them financially in the event you pass away suddenly or from illness.
By putting away 5-10% of your income for retirement early will compound greatly when you retire. Proceeds from life insurance will help pay off a mortgage or pay for your children’s education. I can’t afford it you might say. Simply switch money from your left pocket to your right pocket; go to Starbucks 2 less times per month. Commit to eat out 1 time less per month. Buy doing this, you can save and buy life insurance protection. Most importantly you’re taking care of your families needs.