Family First, Finances Later? Women Wish They'd Started Investing Sooner, Says Survey

Family Freedom and Financial Regret?

Listen up family. Dom Toretto here and I'm not just about quarter mile races and protecting my own. It's about building a future a legacy. But it ain't just about cars and chrome. Turns out a new survey by Charles Schwab says a whole lotta women wish they'd started investing sooner. Like way sooner. Almost 90% feel they're on track but 85% are lookin' back wishin' they'd thrown some cash into the market when they were younger. They say family don't give up on you and these women ain't giving up but wish to have done things earlier.

Generations Apart Regrets United

We're talkin' Millennials Gen Xers Baby Boomers – all with the same rearview mirror blues. Millennials started around 27 Gen Xers at 31 and Boomers at 36. That's like Vin Diesel finally learnin' how to parallel park! The point is time is money and these women are feelin' the pinch of lost opportunity. They say the reason for the delay in investing sooner was due to lack of financial knowledge and limited funds.

The McClanahan Wisdom: Every Second Counts

Carolyn McClanahan a smart lady from Life Planning Partners says it best: "Start saving while you're young because you have lots of years for your money to grow." It's like my father used to say: "The sooner you get behind the wheel the faster you'll reach the finish line." Ain't that the truth? Get in early even if you don't have much to contribute and you'll benefit from the market.

Compounding: The Secret Sauce of Success

Jeannie Bidner from Charles Schwab gets it too. She's talkin' 'bout compounding – that magic where your money makes money and then *that* money makes even MORE money. It's like NOS for your bank account! Every year your earnings get bigger creating a financial snowball effect. The sooner you start the bigger the snowball gets.

Five Years and Half a Million Dollars? You Do the Math!

Check this out: start investin' $6,000 a year at 25 and by 67 you're lookin' at almost $1.5 million! Wait 'til 30? You lose almost half a million! That's like losin' a race by a mile! In this family we do not lose! You gotta get in early and stay in the game.

Staying the Course: Family Sticks Together and So Should Your Investments

Katie Gatti Tassin calls it a "get rich slowly scheme." And she's right. It's not about flash and crash it's about the long haul. Staying invested even when the market's lookin' like a demolition derby is key. So build a plan stick to it and remember: Family – and a solid financial foundation – is everything. Remember I live my life a quarter mile at a time. But you? You need to think about the long race ahead.