Experts and self proclaimed investmnet guru’s are seemingly everywhere! But who do you trust? Where do you begin? There are scams and schemes and ripoffs that occur daily. Do your homework and ask around, make a few calls… maybe even one to My Money Track?

Ome of the most important concepts to grasp in any financial plan is time. The sooner you get started, the better chance you will become the financial succes you dream of now. Check out this video on Jack and Diane, (two American kids just doing the best they can)… and guess who ends up with more money at retirement?

 

 

And for an even cooler example of the power of time and compounding interest, watch the story below about the “Magic Penny.” The first part is very interesting but the last 20 seconds will literally blow your mind when you learn about the affect of income taxes.

Using vehicles such as IRA’s, 401k’s, 403b;s and several other available alternatives, deferring income taxes as long as possible is the key to having more income for you!
Check up on how Jack and Diane are doing today… is it time yet for you to get on track with your budget and money?