Investment Advisors Give Advice for Getting Started with Investing

You’re never too young to start thinking about your financial future. From the day your parents give you your first piggybank to the day you get your first paycheck to the day you begin drawing on your retirement nest egg, your goal is to learn, grow and use your money to make more money. The certified financial planners at Resource Planning Group of Atlanta, Georgia, can help show you how.

There is no shortage of websites that predict that in order to retire in X year you need X millions of dollars. It’s a terrifying thought. But we don’t want young investors to throw up their hands and say it’s impossible so they won’t try. Our financial advisors will show you how a secure retirement can be a possibility for you.

Start Financial Planning Early

Young investors face two stumbling blocks. One is apathy — thinking that retirement is so far off that it’s too soon to plan for it. Another is not having enough money available to invest. But, as financial planners, we can show you how to find money in your budget to start investing today.

First of all, if you have a job that offers a 401(k) with a matching contribution, we strongly urge you to participate in it. Not putting in your share — whether it’s 1%, 3%, 5% or another amount — in order to get your company’s matching contribution is like throwing away free money.

If your work doesn’t offer a 401(k), or if you are self-employed or are part of today’s gig economy, you can start your own individual retirement account and set up regular contributions.

Even if you’re only putting in $10 or $20 per week, when you come in and sit down with us, we can show you how this can grow over the years. It might be much more than you expected!

That’s not to say we would recommend investing this amount, since more would be better. But it’s definitely better to invest $10 to $20 per week than nothing.

Secrets to Managing Money

If you think you can’t afford to invest, we may be able to help show you how you can — even young workers saddled with student loan debt or other debts. You should never let debt stop you from investing in your future. If your debts seem insurmountable, seek the advice of a qualified credit counselor who may be able to help you consolidate your debts into one, manageable monthly payment.

If you don’t have debt but still have trouble saving after paying your monthly bills, we may be able to show you how to reduce your tax liability by taking deductions you are unaware of or making changes to the way you manage your money.

For help and advice with investing, financial planning and retirement planning no matter your age, contact the certified financial planners at Resource Planning Group of Atlanta, Georgia, today.