It's because I made smart financial decisions when I was working, like putting money towards my retirement fund and investing.
Grandpa, how do you have such a nice house even though you don't work anymore?
Slide: 2
It's important to start saving now so your money has time to grow. If you start putting money towards your retirement fund now this money will earn interest and compound over time, earning you more money. Over more years you are able to contribute more money to your retirement fund which will earn more interest so you will have more money in the account when you are ready to retire.
Why do I need to start saving so young? I have so many more years ahead of me.
Slide: 3
Thats a good question. It really depends on how much money you're making and how much you're spending. You should try to spend as little money as possible so you have more to put towards your savings. It's a good idea to save 15% of your yearly income. What do you do for work?
How much should I be saving so I can be in a good financial position after retirement?
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