I decided today to vent about my lack of retirement planning and maybe that will help some of the young ones that read my blog to figure out that the time to start putting money away for retirement was a few months ago - not a few months in the future.
If you start when you are 21 and put money away for retirement consistently at 10% of your salary you will be able to retire with a lot of money. I firmly believe that you should pay 10% of your salary to the church first then pay 10% to your own savings/IRA/ROTH or whatever you are doing to save for retirement. If you can't put away 10% put something away and don't touch it---DO NOT TOUCH THIS MONEY---NOPE---NOT FOR ANYTHING. In addition to this you need to put $500.00 minimum into an account for emergencies--$1000 is better but $500 will cover nearly 95% of emergencies. I believe that if you can't do this you are living beyond your means and need to figure out a way to either cut your spending or increase your earnings. Those are the only two ways to fix this.
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