We all hear stories or worry about our financial security. Getting by on a daily basis seems to be a real challenge. Thinking about one's financial security can be scary and confusing. There is a simple formula one can use to secure their financial future. It involves automatically paying yourself first mantra. The simple formula is saving 1 hour a day of your income automatically for life. Best done using a 401k or IRA. Yes it is that simple. Below is a data table of many scenarios set at earning $25 per hour:
Obviously one will earn more money of time. The more time you have and a higher growth the better. However if you are close to retirement and haven't saved anything you can see the how difficult it is to have financial security in retirement without saving 2-3 hours of your hourly income per day.
For further details click the link
self-made-automatic-millionaire-david-bach-401k-automate-finance-saving
Obviously one will earn more money of time. The more time you have and a higher growth the better. However if you are close to retirement and haven't saved anything you can see the how difficult it is to have financial security in retirement without saving 2-3 hours of your hourly income per day.
For further details click the link
self-made-automatic-millionaire-david-bach-401k-automate-finance-saving
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