There are useful benefits that come from starting early in our financial lives.
The process of financial planning helps us decide what we would like to accomplish, and how much time we will need in order to be able to reach our goals. One might think, “I am young, I have plenty of time,” and guess what, you do!
Among the benefits of financial planning while you are young is that you have time on your side. As with gardening, little things you do now may grow. Some plants will need to be moved, others pruned. When tended over the years, the (financial) gardens likely will mature into beautiful displays.
Someday, I may look back and think, wow, that actually wasn’t hard at all.
I think you’ll find that starting early can be a great addition to your routine.
Rose M W Koch, MBA, CFP®
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