In your 20s, retirement seems like a distant dream. But, if you don’t start saving while you’re young, that’s exactly what it will remain forever: a dream. Just 39 percent of Americans start saving for retirement in their 20s. If you want to retire a millionaire, you had better be one of them.
Here’s how to do it:
Spend Wisely and Save Aggressively
If you start saving $100 per month for retirement by age 25, you’ll have more than twice as much money squirreled away than if you’d started ten years later.
Be diligent with your money. Live by a budget, and cut back on expensive habits. Setting aside a portion of your paycheck each month, even if it isn’t a large amount yet, will help to create a lifelong habit of saving. Start where you are with what you can and soon you’ll be able to retire a millionaire….
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