Money Tips 365 Day 3 - Start!
Get started!
Join my Money Tips 365 Supporters Club on Spotify: -
https://podcasters.spotify.com/pod/show/charles-kelly/subscribe
Start early and save as much as you can in order to allow
compound growth and interest to work in your favour.
The sooner you start saving, the more money you can
accumulate over time using the power of compound interest.
Delay in the start by five years could as much as halve
the value of your retirement fund.
If you can join an employer sponsored pension scheme,
this will work to your advantage as the employer will also contribute to your
pension.
Most pensions have favourable tax advantages which can
increase the value of your pension fund.
There are other forms of medium to long-term tax
efficient saving schemes. Always take independent financial advice before
investing.
When investing, use the tax breaks offered by your
government.
In my supporter content, I will be going into more depth
about where to invest for the long-term and short-term in order to get the best
returns on your money.
Join my Money Tips 365 Supporters Club on Spotify: -
https://podcasters.spotify.com/pod/show/charles-kelly/subscribe
#money #savemoney #investing #retirement #pensions
No comments:
Post a Comment