College is the new found freedom for many, as we get out of college into life’s reality of paying bills and lifestyle, we are most likely hit by the amount of debt that’s been accumulated on credit card and student loan.
Even with our new found income in our twenties we are more likely to spend more on clothes and entertainment and travelling than repaying debt or planning for retirement.
The earlier you start planning your retirement and prepare your road map for investment, the higher would be returns based on your strategy. At early age you also have the leverage of taking higher risk, which seems to be reducing with age, giving you the time to recoup any potential losses incurred.
Your to do list of financial planning could include the following priorities….