Family First, Finances Later? Women Wish They'd Hit the Gas on Investing Sooner!

Life's Simple: You Make Choices and You Don't Look Back... Or Do You?

Family! That's what matters. But even I Dom Torreto know you gotta think about the future. I saw this report from Charles Schwab and it hit me harder than Hobbs in a wrestling match. Seems like a lot of women – strong women like Letty – are realizing they wish they'd started investing earlier. 90% feel they're on track which is good. Shows they got the drive. But 85% have that one regret: not hitting the gas pedal on investing sooner. It's like wishing you'd boosted that engine before the race even started. I live my life a quarter mile at a time but retirement is a marathon not a sprint.

Age Ain't Nothin' But a Number... Except When It Comes to Money

The numbers don't lie. Millennials started around 27 Gen Xers at 31 and Baby Boomers at 36. That's like starting a race with a NOS boost... or without it! This Carolyn McClanahan chick said it best: "Start saving while you're young because you have lots of years for your money to grow." She understands. It's not about the car it's about the driver...and the time they have to build that engine.

Fear is a Choice But so is Financial Security

The report says some held back because of 'lack of financial knowledge' or 'limited funds.' I get it. Life throws a lot at you. Sometimes it feels like you're staring down a whole fleet of those damn drone cars. But fear is a choice. This ain't about having the fanciest rims it's about having the power to protect your family. If you are not so knowledgeable about the whole 'investing' thing find resources to learn about it.

The Power of Family... and Compounding

This Jeannie Bidner lady at Schwab gets it too. She talks about 'compounding,' a snowball effect. You start small but it builds. Like building a car you work on it piece by piece. Each upgrade makes it stronger. That's the power of compounding. Start early and that little engine can become a V12 monster by the time you hit the retirement finish line. Investing is all about family for the future.

A Five Year Head Start is Like an Extra NOS Tank!

Fidelity crunched some numbers. Start at 25 invest $6,000 a year and you could have almost $1.5 million by 67. Wait until 30 and you're looking at just over $1 million. That's half a million gone! That's like losing a race by a mile because you didn't have enough NOS. Family matters and so does planning. And investing.

Ride or Die... With Your Investments

Katie Gatti Tassin said something smart: 'It's not a get rich quick scheme it's a get rich slowly scheme.' She is absolutely right. Staying the course even when the market's doing barrel rolls is key. More than half the women in the survey learned to do just that. It’s about having faith and sticking to the plan. Because Family don't give up. Your financial security is your family and you don't give up on your family.