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Here is all the saving, investing, and retirement advice I wish someone had told me at the very beginning of my career

Here is all the saving, investing, and retirement advice I wish someone had told me at the very beginning of my career
REUTERS/Darrin Zammit Lupi



Most people do not realise that if you are not saving in a retirement plan, you're actively choosing to lose money.




That's because retirement savings let you accumulate free money. Learning to say yes to free money is a skill you can turn into a habit.




If you don't know what compounding is, this is going to blow your mind.



A long time ago, in a galaxy far, far away, I enrolled in my employer's retirement savings plan. Five percent of each paycheck went into a bunch of mutual funds. For the first few months, I didn't pay much attention to my money. There wasn't very much of it, anyway. But then the stock market kept appearing on the news because the Dow Jones kept hitting new record highs.
Wait a minute, I thought. I wonder how that's affecting my savings?
So I looked at a quarterly statement and saw that my little nest-egg had gained £250 (about $330) all on its own. Whoa, I thought. That's free money for doing nothing! I wish someone had told me about this before!
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