The article suggests that youngsters should start saving money now instead of waiting till their 45 to save money for retirement at age 65. The author suggests that we spend less and think about our future and save as much amount as we can. The author also gives helpful tips such as : Do not pay Real Estate agents 6 percent commission, buy use items, don't have people call you or you call people so you wont be seduced into spending your money, and more helpful tips like that.
I think I'm going to use the authors idea of not using your home as piggy bank, and use the real bank to put your money in so the money will grow as time passes. I believe the author is righ on saving money at a early age, because that way you don't have to save a large amount at an older age to have enough money to live when retired, so if a person starts saving money at young age this person doesn't have to save a large amount so it will be easier for that person.
Monday, June 4, 2007
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