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MYTH: It takes a lot of money to start saving

  • July 31, 2014
  • Brad Dugdale
  • Budget, Financial Planning, Retirement Planning, Savings Account, Savings Plan
  • dollar a day, save, save money, saving, saving account, saving money, saving plan, savings account, savings plan

Saving MoneyThe number one thing stopping most people from investing isn’t how much money they have – you can save for retirement with just a dollar a day – it’s that they don’t feel confident.

Don’t let all the financial jargon stop you from embracing the best wealth building tool: Compound Interest. Investing has never been easier or cheaper for the small investor.  Several funds have $100.00 minimums if you add a monthly contribution of $25.00 dollars. Charlie Munger of Berkshire fame was recently quoted that small investors don’t need to understand investing… pick a low cost index fund and add to it every month.  A dollar a day over time can make anyone wealthy.

 

Tags: dollar a day, save, save money, saving, saving account, saving money, saving plan, savings account, savings plan

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