• Published Date

    October 31, 2018
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Financial Focus Pay Yourself First Consistency is a key ingredient of success in many activies ncluding investing. And one technique that can help you become a more consistent ability to send a check, you can help ensure you actually do contribute to your investments, month after month moved from your savings or checking account each month into your IRA. Of course, you dont have to put in the full By moving the money automatical you probably won't miss, and, like most 500 or $6,500 each year, although some investor is paying yourself first o require minimum amounts to at least Many people have the best of intentions when it comes to investing. They know how important is it to put money away for up for whatever you're investing. long-term goals, especially the goal of a comfortable retirement. Yet they may only invest sporadically. Why? Because they wait until they've taken care of all the bills pcentage of your earnings to go into mortgage, utilities, car payments and so onyour plan, and the money is taken out of before they feel comfortable enough to write your paycheck. (And if you're fortunate a check for their investments. And by the your employer will match some of your time they reach that point, they might even contributions, too.) decide theres something more fun to do with what's left of their money eople who follow this technique, you i open the account nd ways to economize, as needed, to make Yu might think such modest amounts won't add up to a lot, but after a few years you could be surprised at how much you've accumulated. Plus, you may not always be imited to contributing relatively smal sums, because your earnings may increase significantly allowing you to boost your continually You already may be doing something quite similar if you have a 401(k) or other retirement plan work. You choose a as y our career advances IRA contributions y case, here's the key point: When you But even if you do have a 401(k) invest, it's l right to start sm -as long as you're probably also eligible to contribute keep at t. And the best way to ensure How can you avoid falling into this habit of intermittent investing? By paying yourself first. Each month, have your bank to $5,500 per year to a traditional or Roth move money from your checking or savings IRA (or $6,500 if you're 50 or older), so,f want to break. to an IRA -which is a great vehicle for your pay-yourself-first strategy. You can put in up you continue investing regularly is to pay yourself first. If you do it long enough, it will become routine and t will be one habit account into the investments of your choice. you are able to "max out" for the year, you his article was written by Edward Jones y taking this hassle-free approach, rather than counting on your could simply divide $5,500 or $6,500 by 12 and have either $458 or $541 for use by your local Edward Jones Financial Edward Jones Edward JonesEdward Jones Edward Jones Edward Jones Sean P. Asiala AAMSMichael C. Caley AAMS Pam Covington AAMSTod Heisler AAMS Edward Jones Edward JonesEdward Jones 030 Pointe Invemess Way, 4413 oi Rd Ste E 7525 West Jefferson Bwd Fort Wayne. IN 46804 110 Bon Rd Ste 10 Fort Wayne, IN 46814 Fort Wayne IN 46809 478-8038 Fort Weyne, IN 85804 Fort Wryne, IN 4684 432-3613 747-5411 Making Sense of Investing Making Sense of Investing Making Sense of Iinvesting Making Sense of InvestingMaking Sense of Investing Making Sense of Investing Making Sense of Investing Making Sense of Investing