FROM TERRY SAVAGE: MAKE YOUR MONEY WORK AS HARD AS YOU DO.

sow what savings you have now.

The real secret of financial success lies in making your money do the work, so you can relax. But that requires accumulating enough investment dollars so that the growth and earnings can free you from the need to punch a time clock. Many very wealthy people continue to work simply because they enjoy what they’re doing. Or they redefine work to include managing their money.

Many people argue that they’ll never get to the point where they won’t have to return to work because they can’t afford to set money aside today. But don’t overlook the power of compound interest. Every penny saved, over the compounding of interests will lead to you to a huge retirement nest. Therefore, it is important to start early and take advantage of what time can provide. Never think that you should plan your retirement finances only when you are nearing retirement.

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