The Most Powerful Force In The Universe

When I was a kid, my father worked at International Harvester. They were laying everybody off in the late '70s and those were the best jobs I knew of. I can remember thinking - "How am I ever going to have money to buy a house or a car? - I'm 16. In two years I'm going to be on my own - I'm going to be an adult."

There was no money to go to college then or anything like that. And nobody I would ask had an answer. Have you ever lived in a little town and everybody's all depressed? The economy's bad - people laid off and all that kind of stuff? You ask them for advice, you ask them how you're going to make it. They don't know - they don't even know how they're making it themselves. Right?

I can remember laying awake at night thinking "Man, what am I gonna do?" Whenever I would ask my family why they spent money for this thing or that, the standard answer was "None of yer damn business". That was the extent of my early financial training. Saving money was never high on the list.

In the book "The Richest Man In Babylon" it talks about paying yourself first, putting some money away for yourself first. If you can train yourself to save and/or invest 10 percent of your income and never touch it and allow it to start accumulating, it's remarkable what can happen.

Albert Einstein is reputed to have said "The most powerful force in the universe is Compound Interest". That force can work for you if you make it, or against you if you let it. There was a day when you lived on 90 percent of your current income. There was a day. So you can do it. You must do it.

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Financial Planning, Retirement Planning, Investmenting & Insurance.