In this week’s Tuesday Tip video, learn how to invest in your future self with smart retirement savings strategies. Start today to build the financial freedom you’ll need for tomorrow’s life on your terms. Please watch the video below to learn more. If you would like a free review of your current financial situation, please use this link to schedule a free call. You can find an edited transcript below the video.
Hi there, it’s Phil from Apprise Wealth Management, and today I want to talk about how you can invest in your future self by saving for retirement. It’s easy to get caught up in day-to-day life’s demands, but taking the time now to plan and save will set you up for the financial security you deserve later in life.
When we talk about saving for retirement, we’re really talking about how taking steps today can ensure freedom and peace of mind in the future. So whether you’re just starting out or already established in your career, it’s never too early—or too late—to invest in your future self and build the financial life you want.
I get it—saving for the future can feel hard, especially because we don’t really “know” our future selves. They can feel like strangers—older versions of us we haven’t met yet. But think about it: What would that person say to you today? How would they feel about the choices you’re making now?
That’s why it’s so important to invest in your future self, even when it feels like that person is far away – someone you don’t even know. The steps you take today will materially impact the life you live down the road.
The Benefits of Starting Early
Let’s look at an example: Say you start putting $100 a month into a retirement account at age 25. When you’re 65, with an average annual return of 7%, you could have over $260,000! But if you wait until you’re 35 to begin saving the same amount, you’d have less than half of that—around $120,000. This is why starting early and staying consistent is one of the best ways to invest in your future self.
I’m not here to overwhelm you with numbers, but I want you to see how your decisions today can truly shape your future. Every dollar you save now is a gift to your future self. Even if it feels tough to prioritize that future version of you, remember: they’ll be grateful. When you invest in your future self, you’re creating freedom and flexibility for tomorrow.
When you think about your financial priorities today, don’t forget to add your future self to the list. You deserve the benefits of a well-planned retirement. It all starts with a decision to invest in your future self today.
If you’re unsure where to begin or need help figuring out how much to save, reach out. We’re here to help you build a life plan that works for your life and your goals.
Thanks for watching, and remember, your future self is counting on you!
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We hope you find the above information valuable. If you would like to talk to us about financial topics including your life plan, your investments, creating a financial plan, saving for college, or saving for retirement, please complete our contact form. We will be in touch. You can also schedule a call or virtual meeting via Zoom.
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For firm disclosures, see here: https://apprisewealth.com/disclosures/
Phil Weiss founded Apprise Wealth Management. He started his financial services career in 1987 working as a tax professional for Deloitte & Touche. For the past 25+ years, he has worked extensively in the areas of financial planning and investment management. Phil is both a CFA charterholder and a CPA.
Located just north of Baltimore, Apprise works with clients face-to-face locally and can also work virtually regardless of location.
