One thing my dad taught me was take 10% of each paycheck and invest it. No matter how poor we were (in 1987 he made $18,000 and had three sons in college!) he ALWAYS followed this rule. Now he and mom spend their retirement traveling with no financial worries. Fifty years of compound interest is a wonderful thing. <img src="/images/graemlins/grin.gif" alt="" /> <img src="/images/graemlins/grin.gif" alt="" /> <img src="/images/graemlins/grin.gif" alt="" />

The first step to having money later is DON'T SPEND IT NOW!!!

The second step is buy things that MAKE money (stocks, bonds, mutual funds, rental property), not things that COST money (boats, fancy cars, big-screen TV's). It's not nearly as much fun, but it doesn't take long (15-20 years) and you'll have a nice wad of cash.

Blast