Income, Savings and Investment

“We must use time as a tool, not as a crutch.” - John F. Kennedy

When successful investors are asked what their secret to success is, they often answer “time”. An investor's life is not static. An investor works, plays, and grows old. As they grow older their income increases and investments change.

Unfortunately, that means when you have the most income you have the least amount of time to invest. That is why time is extremely important in developing a solid financial plan.

An investor's life can be divided up into four sections much like the seasons of the year. In each particular section there are specific actions which much be taken to be a successful investor.

The first section begins when you are young and do not have enough excess income to devote to investing each month. You may only have $20 dollars to spare. It is important to save and invest even small amounts of money regularly because