Over nearly 40 years of helping people with their financial planning, insurance planning, and pursuing their dreams, this is a question that I have been asked many times.
One of my favorite phrases to remind people is going to sound really obvious, but it’s easily missed:
“If you invest nothing and save nothing, you will have nothing!”
The best investment isn’t a complicated financial strategy or analysis. It’s the simple step to just start. The very best thing you can do is to make a plan to save money and then invest it wisely.
There is a saying that reads, “The best time to plant a tree was twenty years ago. The second best time is today.” It’s the same with saving and investing. Maybe you’re reading this and you are aware of regrets about not starting sooner. Or, maybe you didn’t make the wisest financial decisions earlier in life. Today is the best time to change.
Don’t forget it: if you save and invest nothing, in the end, you will have nothing.
So once you start, what is the best investment? It’s easy for our minds to jump to the technicals of stocks and minds, but the best investment isn’t about a product. The best investment is about a plan. A true financial plan is about your life, your family, and your individual wants, needs, dreams, and desires. Your plan is unique to you and designed to consider your individual constraints, risk tolerance, and goals.
Do you know that most people spend more time planning their vacation than they spend planning their financial future? Don’t be one of those people. Be more intentional to plan for the destination of your financial future than the week at the beach. And if you do that, planning your next vacation will be a lot less stressful and much more enjoyable.
Creating a financial foundation is critical to a healthy and happy life. If you have lived any amount of life, you know that our relationship with money impacts every other area of our lives. Start today by saving now and creating a plan for your tomorrow. These simple steps can make for a much better and more prosperous life and retirement.
When you are ready to start, make sure you seek out professionals who will listen to your goals and have a lot of experience and proven expertise.
Let us know how we can help you. Our team has the privilege of helping people just like you every day to pursue their financial goals. You can call us at 970.622.2366 and email us at ICAt[email protected] to schedule a complimentary and confidential review.
All investing involves risk including loss of principal. No strategy assures success or protects against loss.