When I was younger, no one sat down with me and explained the world of investing to me. I remember when I was a teenager, wondering about what these things called mutual funds were, but I never actually figured it out until much later.

To further that, I figured at the time that I never had enough money when I was young to make a dent into the world of investing. This was dead wrong and the thought process a lot of people get pulled into and they shouldn’t.

I wish someone had explained investing to me because the earlier that you invest your money, even if it’s not a significant amount of money, the more compound interest you have the opportunity to earn in your lifetime.

Speaking of compound interest, I wrote a post last year called How to Get Rich & Retire By Age 50, where I show you that even setting aside $1000 a year can fill out a very nice retirement fund by the time you are 50 years old. The key to making this happen is to started investing early, even if the investment each month is not very much.

In these examples, I am only suggesting you invest a whopping $84 a month starting at the age of 18. If you do just that, at an aggressive growth stock strategy and watching what you are investing in, you could have over $2,000,000 by the age of 50.

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I have to say I LOVE Starbucks and more so than Starbucks, I just love coffee.   I can’t think of a world where I wake up and not have coffee every morning, sometimes multiple times.  It’s probably up there as one of my top things in life and top priorities.  OK, you got me I’m an addict, but I tell people all the time that it’s really not the caffeine that I am addicted to because I love decaf just the same.  Well almost the same.   None the less, my favorite thing to do is to make it over to Starbucks for a Salted Caramel Mocha which in my town costs $4.95 for the Grande size.

I mean what else would you rather pay $4.95 for than a rich and wonderful warm toast than a Starbucks Salted Caramel Mocha.   I mean what else would you rather do?!?  Nonetheless, let’s be honest, $4.95 is pretty steep for a cup of coffee and one that is probably filled with plenty of sugar and other things that probably are not tremendously great for me from a health perspective.

Let’s just say for a minute if I was able crack the habit and eliminate that daily intake of coffee.  Say goodbye to that wild and wonderful cup of Salted Caramel Mocha….   It’s hard to imagine, but let’s just say for minute that’s what I did.[Read More…]