In the last year, I’ve had the realization that there are far too many people living in the most financially impactful years of their lives who lack the necessary planning and guidance to make wise financial decisions. The kind of decisions that will dramatically impact their future.
Those families and individuals I’m referring to are typically in their 20s or 30s and may be far removed from the retirement they hope to have one day. What they fail to realize is that they are slowly losing the greatest element an investor has, one that can’t be bought or recovered: time.
I doubt most families make that decision intentionally. So why do they miss their opportunity for financial success early in life?
To solve that question, I wrote a book called Millionaire in the Making: A Simple Guide to building a Financial Foundation in your 30s. It’s a straightforward guide that addresses key decisions that young families must make today in order to establish the groundwork for their finances, and the behavior they need to follow to have the best chance for lasting financial independence. It’s a short, easy read and hopefully it helps families move in the direction to build a strong financial foundation earlier in life.
Many of our clients in their 50s and 60s tell us how much easier saving for retirement would have been had they started earlier. This books is my attempt to encourage families to start the conversation about their long-term financial goals early in life, rather than waiting until 10-15 years before retirement.
In the book, I focus on one major theme: that the greatest power in finance is time. For those families who have time on their side, the opportunities for achieving lasting financial confidence are well within reach.
For those who have watched time pass them by, I encourage you to share your experiences and advice with the next generation. Tell your kids about the mistakes or decisions that you made and how they’ve affected your future? Looking back, what would you do different?
Your advice could have a lasting impact on the lives of the next generation and their family several decades down the road.
This little book doesn’t have the recipe for adding zeros to your net worth. There’s no secret sauce to building a bulletproof portfolio. It’s simply a guide for laying the groundwork and building a lasting financial foundation earlier in life. It points out the key decision that need to be made and the appropriate behavior to follow in an effort to achieve total financial confidence.
Millionaire in the Making is available on Amazon.com, Kindle, and the Apple iBooks Store. We have a limited number of complimentary digital copies available for current clients and their families, so if you’d like one please click the link or let us know.
John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.
https://prosperion.us/wp-content/uploads/2014/07/millionaire_in_the_making.png425763John Boorenhttps://prosperion.us/wp-content/uploads/2017/02/whitelogosized.pngJohn Booren2014-07-25 17:34:102017-05-22 15:07:39Now Available: Millionaire in the Making by John Booren
In my decade plus time advising clients, I have seen this truth—my most joyful clients are my most successful investors. Not the other way around. The rewards follow the joy, not joy the rewards. They view the future as bright and invest faithfully in it knowing that no amount of market return will ever be able to generate an internal joy, but that prudent stewardship and a long-term perspective can perpetuate the upward spiral of joy.