If you’ve spent any time preparing for your golden years, then you know that retirement planning is a marathon, not a sprint.
It’s an endeavor that takes years of patience, dedication and steady growth.
But there’s one key difference between planning for retirement and running a marathon…
When you’re planning for retirement, it pays to be fast right out of the gate.
That’s why, this week, Marc has prepared an eye-opening episode of his popular YouTube series State of the Market…
In a distance race, starting out too fast can often hijack your pacing plans for the latter half of the course.
But when you make a strong start on your retirement journey, Marc explains, something remarkable happens…
Consider this: A 21-year-old who invests $2,000 per year until they reach age 31 and then stops will have a wealthier retirement than a 31-year-old who invests $2,000 per year until they reach age 65.
As Marc reveals in this week’s episode, compound interest is as integral to building a healthy nest egg as any stock recommendation.
That doesn’t mean all hope is lost if you’re starting late, though…
Whether you are 21 or 61, you can radically change your retirement outlook by investing in Perpetual Dividend Raisers, or companies that raise their dividend payouts each year.
When these companies raise their dividends, it gives the compounding machine an extra boost.
“Slow and steady wins the race” may work for some formidable tasks, and there is certainly value in gradually building your nest egg over time.
But if you’ve been putting off saving for retirement, take a look at this week’s episode of State of the Market.
You may just find the inspiration to start your engines.