The Biggest Setback of Living Paycheck to Paycheck

Are you a fan of the Roth IRA? Are you on track with your retirement savings? Do you wish you were saving more money for your retirement?

This post is apart of the Roth IRA movement.


The goal of this movement is to promote the Roth IRA. Since there’s only so many words that I can use to describe this investment vehicle, I wanted to go into a different direction with this article.

I’ll leave the main description of the Roth IRA to the man spearheading this movement:

“With a Roth IRA, your contribution is made after taxes are taken out of your income. However, the money in a Roth IRA grows tax-free.” — Jeff Rose

Now that you understand the main benefit to starting an Roth IRA, what can you do to actually start saving for your retirement? I figured that everyone in this series would praise the investment tool and promote it. I want to do that as well. I just realize that there are many readers that simply don’t have the finances to plan for retirement. Many readers are stuck in debt because of their credit cards.

I wanted to write about how the biggest setback of living paycheck to paycheck is that you can’t save for your retirement. When you’re struggling just to catch up or stay afloat, you’re missing out on valuable time and money that could be invested into your future. When you don’t invest in your future, you don’t have much to look forward to.

This is just a reminder for anyone reading this about the negatives of living pay day to pay day, not saving for retirement, and what can go wrong when you put everything on your credit card. You know what you’re doing is wrong. I can’t preach to you. This is just a friendly reminder that there’s more to life. I want to open your eyes and help you get out of your rut.

Why should you even bother saving for retirement at an early age? Two words- compound interest. With compound interest and time on your side, you can save some serious money for your retirement. The main benefit of compound interest is that you can save more for retirement and possible retire earlier. Do you really want to be working into your late-60s? I don’t think so.

The good news is that you can get out of your rut. You can stop living paycheck to paycheck. You can start saving for retirement. You can get to where you want to be. You don’t have to be in the paycheck to paycheck rut forever. You just need a little encouragement and a daily dose of reality. You have the power to take control of your situation and plan for your eventual retirement.

Will you join in on the Roth IRA movement?

“You know, it was uncomfortable doing the same thing. I don’t like a rut.” — Ruben Blades

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