This is a quick post and I want to guage how many people respond, thus we can all be informed on a good question that most people are reserved to talk about.
What is the best financial decision you have ever made in your life?
That is the question and I will be adding to this post my response after all of you have answered and commented back. Let’s discuss and I will be doing a second part to this post in the future.
Thanks,
My best financial decision was opening up a bank account for my daughter.Even though its only been three years, i am surprised at how much is invested already. If I continue, by the time she is a young adult she will be set for college and hopefully a car. Something that I struggled with…
Besides making the max contribution towards my 401k in order to get the max from my employment; it would be opening up an account for my girls.The contributions are small, but are made monthly. By the time they become of age to manage their own account their funds saved will serve them as stepping stone.
Having a retirement fund, acct for kiddos, and buying our home. Also paying off all of our credit cards and just using cash. Hopefully I will continue to make great financial decisions.Your sis, Ing
Yes those are all good comments, I like the way you all are thinking of the future. My best financial move ever was opening an IRA at the age of nineteen with my holiday bonus, I didn't even have a finance degree yet but I always wanted to take a risk and build a portfolio. So all the experts say to start early and invest often and your funds will grow with compound interest. Since then I have made some smart money moves, but that was a major turning point in my financial life.