Waiting to Start Your Financial Journey Could Be Costing You More Than You Think. But Is It Too Late?

Have you ever caught yourself saying,

“I want to learn more about money… but now’s not the right time”?

You’re not alone.

I hear this from smart, capable people all the time; people who are thinking about improving their finances but are avoiding taking the first step. Here’s the thing: money doesn’t wait for you to be “ready.”

If you were raised in a household that did not speak positively about their money, you may be more prone to avoid taking the steps you know you need to make. However, you may not know that this [waiting] is actually costing you more money.

Start today what you could have started tomorrow.

Put yourself in the shoes of 21-year-old you. You began putting $60 each paycheck into your Roth IRA. Never missing a beat, just $60. At 65, you'd be a tax-free millionaire.

Now, fast-forward to age 40. You waited until the time felt right. Or maybe you waited because you finally weren't afraid. You began investing $450 each paycheck into your Roth IRA. At 65, you'd still be a tax-free millionaire.

What does this mean exactly?

Starting sooner means that you can contribute less towards retirement, and still have the large reward.

Starting later means it's never too late, but intentionality and consistency will get you to your result. You may have to make some harder sacrifices along the way, but your efforts will make it possible.

I’m not saying you need to have it all figured out today. But the smallest step now is worth more than the perfect step someday.

The right time to start isn’t later.

It’s today.