Each semester, I invite a friend of mine (also an amazing CFP) to visit my Introduction to Business class and talk about financial planning. As an incentive to make sure students show up and pay attention, I tell them in advance that I’m going to want them to be able to summarize his discussion in their own words on the final exam. One student’s essay this semester was simple, but it stood out.
–Start planning for your retirement now.
–Save more than you spend.
–Build a cash reserve.
–Take advantage of employer benefits.
–Find happiness in your everyday life.
–Keep in touch with friends and try not work so hard that you miss what’s going on around you.