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The single most important investment decision you ever make may well be how much automatically pay yourself first into your retirement account. Other than buying a home, this one decision can do more than any other action you may take in your life to determine whether or not you will become rich.
With his in mind, it should not be hard to figure out the single biggest investment mistake you can make, not using your plan and not maxing it out.
Serious about not to reach say this following:
I can afford to save more than 4 percent of my income.
My spouse is enrolled in his/her plan, so I do not need to enroll in mine.
Our plan is not any good, so it is not wroth using.
My company does not match retirement contribution, so signing up of the plan is not worth it.
Investing is stocks is foolish.
I will save more lately.
Serious wealth builders say this following:
No matter what, I will pay myself first.
I will pay myself first at least 10 percent of my income and strive to contribute the maximum about I am allowed to my retirement account.
I will make sure my spouse is doing the same.
I understand that when the stock market goes down, it allows me to buy stocks at bargain prices and that is a good thing.
I know the time to save for tomorrow is always today.