Can anyone tell me what i can do to start ... - Retirement Planning

The sooner you begin, the richer you will be!

If you are still in school, consider developing a habit that if you stick to, will make you into a millionaire or better by ?middle age?:

Pretend you only make $450 a week, and find a way to ?manage?, ie give yourself a 10% pay cut. Invest that $50 in a broad stock market mutual fund with low expenses, and do that every week regardless of what the market does.

Let?s assume you are 18 now: the most conservative estimates would turn that $50/week into over half-a-million by ?middle-age?, and that?s assuming you never got a raise! The more realistic scenario would get you close to a million.

Source: http://retirementplanning.investblogs.com/2011/08/12/can-anyone-tell-me-what-i-can-do-to-start-saving-for-retirement/

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