You MUST Start Retirement Planning in Your 20's!

Welcome to my MissBeHelpful channel! In this video, I talk through an example from Suze Orman's "Women and Money" which explains why time is CRITICAL when it comes to investing, especially in regards to your retirement! I also discuss why you cannot make up for lost time. Here are some resources for investing in a retirement plan: http://time.com/money/3930456/millennials-retirement-401k-savings/ http://www.fool.com/investing/beginning/2014/07/28/the-huge-retirement-mistake-millennials-are-making.aspx http://vanguardblog.com/2015/04/02/my-message-to-millennials/ SHARE this video with your friends and spread the word! The younger you are when you start, the more money you can make over time! More from MissBeHelpful: My VERY FIRST video (AWWW): https://www.youtube.com/watch?v=SO-xx4acDEM&t=206s How to Improve Your Credit Score FAST: https://www.youtube.com/watch?v=QX3JZeEVgBM Common Credit Card Myths: https://www.youtube.com/watch?v=RFPeyxmMbo4&t=4s Budgeting Basics: https://www.youtube.com/watch?v=_au8Vm66xTs&t=9s How I Save Half of My Income: https://www.youtube.com/watch?v=swaKg2PmSJI&t=1s 5 Things to Consider When Applying for New Credit Cards: https://www.youtube.com/watch?v=iXowOnl0Wrc&t=86s Credit Card Rewards… Do’s and Dont’s: https://www.youtube.com/watch?v=vYAZQBYcijs&t=1s Become and Expert at Reading You Credit Card Statement: https://www.youtube.com/watch?v=EsCuSODsRnY&t=8s How To Improve Credit With Limited or No Credit History: https://www.youtube.com/watch?v=dslSyGRM6s4&t=7s Best Apps to Save for Retirement with a ROTH IRA: https://www.youtube.com/watch?v=mwiUPkBI-1Q&t=27s Best New Way To Improve Credit - No Credit Card Required: https://www.youtube.com/watch?v=6b9eMsb7K8U&t=1s How Trump Can Affect Your Finances: https://www.youtube.com/watch?v=S0Sv6-lXJhY&t=4s How I Use the Grace Period to Avoid Paying Interest: https://www.youtube.com/watch?v=crUU0teDcH0&t=32s Let’s connect: FACEBOOK: https://www.facebook.com/missbehelpful/ INSTAGRAM: https://www.instagram.com/missbehelpful/?hl=en SNAPCHAT: Coming Soon! BUSINESS INQUIRIES: Missbehelpful@gmail.com ’Til next time… PEACE!

Comments

1. I have watched all of your videos so far I'm 23 and I have made alot of bad choices with credit cards early but now I'm alot smarter in that area I've opened a selflender account because of you! I don't have a tradtional 9 to 5 right now but i do have income what's the best company to get a Roth ira from?
2. I really like your video time are very important start investing money for retirement. I started investing $200 a month in 401k in my company when I was 26 years old. I have a question how old now when did you start investing money and how much money you put in each month.
3. This example assumes that these investors don't have access to an employer savings plan (401k, 403b, etc). These kinds of plans allow tax deferred contributions of up to $18,000 annually so, clearly, that's the way to go, as many employers will match a certain portion of your contributions as well (fee money). Having a Roth IRA in addition to the employer plan is great too because of the added tax benefits Roth IRAs offer (pay no taxes on withdrawals in retirement). Great video!
4. Do you have more book recommendations for financial subjects? I went straight to Amazon and got the Suze Orman on kindle.
5. My work has a system to put a percentage of income towards retirement before you even see it, I opted in when I started at age of 21 (I'm 24 this year so not too long ago) and always knew I should but watching this really encourages that decision.
   Just discovered your videos and, even though this is based on American income and figures I still find it very insightful and just tweak where I need to for it to be applicable to my own living situation.
   Easy to make sense of what you're saying and it's weirdly fascinating (weirdly because usually these kinds of things are so frustrating to wrap your mind around).
   Your passion for the topics you discuss really comes through, which is fantastic.
6. 8 percent? what does 8 percent mean. Is it something that happened a long time ago.
7. I wish I've started in my 20s. I'm 31 now but it's better to start now. Thanks for the video! You got a subscriber. :)
8. I didn't as I liked to drink and party throughout my 20's so I did not start until my 30's. The beauty of compound interest requires time. Luckily I have been more aggressive to get that time back. Anyone who wants a happy retirement should listen to this excellent advice. Believe me though if you want that time back you can but it will be costly but I partied hard in my 20's so I do not feel the need anymore which has definitely helped me. I could put 100% away if I wanted. A friend of mine started in his 20's and we are at a similar point but he has been nowhere near as aggressive as me as he has not needed to as started his when he was 23.
9. Liked and subbed within one minute!
10. New sub☺
11. I'm 17 and this has definitely opened my eyes! My parents have told me before that they are fine with me staying with them for as long as I like to save up money for the future so that I could buy a house without lending money from the bank but I have always brushed it off because who wants to spend their 20s staying at their parents house? But truth is, is that it isn't so bad. I would be able to save 70 percent of my salary
12. thank u Janelle ur awesome your words helped open my eyes to this topic of retirement plan. by the wayyy think it was a great idea to include your video links into the description! just noticed it. :)
13. $200 per month invested? That's weak lol I personally invest 15% of my income into my retirement
14. How can I worry about saving for retirement when I live in a homeless shelter, make minimum wage, with a job that only offers SOCIAL SECURITY as a retirement program (which will most likely be bankrupt by the time I want to collect from it). I live in New York city which is a VERY expensive place to live in. The cost of a damn metro card is 32 dollars a week for an unlimited number of swipes. Sales taxes, income taxes, property taxes are increasing every damn year. I am behind on student loans and still have a ton of medical bills to pay...
15. Presumably for those really behind, you can also save for retirement beyond the max by putting further savings into a regular savings account/investment portfolio?
16. Check out Dave Ramsey on Youtube and his radio channel on iHeartradio...he's the real deal!
17. Where did you begin learning all of this information?
18. Thank You...You helped me change my life for the better. Once I ran into this video it helped me plan my life ahead for the better. Thanks for all your help.
19. girl i love ur videos, im 18 & im so determined to start saving money like u! u rly are sooo helpful
20. I just found you today! Enjoyed your videos! Keep it up 💪🏻💪🏻