Saving and Investing

The mantra of saving “early, regularly, and aggressively” is imperative mindset that everyone should implement into their lives. At this age, as a college of only 20 years old, we often believe that we have time, things will sort themselves out, and we will live as easily and carefree as we do currently (I do at least). However, this class is quickly teaching me that it’s never too early, in fact starting as early as possible will only benefit you more in the long run. I’ve noticed my mindset shifting a little each class period and with each discussion when I’m forced to look within myself and how I want to live the rest of my life. I would really like to start at an early age, once I have a stable source of income to begin investing in different savings accounts, such as bonds and CDs. As well, I would like to participate in investing in the stock market, probably a small portion, but still something. It’s also very important to have an accountant or banker that I trust to run every decision by and take his advice when it comes to handling my money.

 

Goals:

• Invest early on

• Save a certain portion of my income each month

• Never allow myself to go into debt

• Raise my children to be money smart

• Have a college savings fund for my children in place

• Begin planning for retirement early on