Starting Early while planning for the Future
Perhaps in Chicago facelift surgeries are probably more similar to tightening our budgets more than we know. When we are young, we spend as much money as possible without thinking of the consequences of not investing that sum of money. Some people can be so risk averse to investing that they would rather throw their money away on frivolous items that they only use once or twice.
It is only after years of frittering away precious money that we realise too late that we have to tighten our belts and plan for the future. If we realise that only in our forties that we are running out of money for our future, it can be a little late. With credit crunches, drastic action has to be taken.
Therefore, it is imperative that we start planning and saving for a rainy day now, instead of waiting until our youth runs out. I use a five-year plan for my savings and income and I think they have been very useful in keeping me focused and even though sometimes the amount I write down looks ludicrous, I’ve actually met the target.
Sarah Tan - SingaporeProfit.com
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