The following is an excerpt from "Financial Freedom 101"  the e-book that can change your financial life.

3 Common Personal Finance Myths:

 1.     All I need is more money.

Fact:  A money principle that seems to prove itself more often than not is; “the more you make, the more you spend”. 

 The fact is; it’s not how much you earn… its how much you keep of what you earn.  Most financial problems are caused by overspending, therefore you must have a plan to control your spending. 

 2.     Things will work out somehow.

Fact:  If you don’t spend time on your finances, things will NOT just work out.   

“If you keep doing what you’ve always done, you’ll keep getting what you’ve always got”. -- Peter Francisco

 Translation, you have to make changes today if you want different results tomorrow!  Doing the same thing over and over and expecting different results is the definition of insanity! 

 3.     I’ll start tomorrow. 

Fact:  You need to start TODAY.  Consider this; if a nineteen year old starts investing $2000 each year at 12% (the stock market has yielded 12% over the last 25 years) in a mutual fund, then stops after 8 years, he will have invested $16,000 of his own money, at age 65 his investment will be worth $2,043,723! 

 If he waits 8 years when he is 27 years old, then starts investing $2,000 each year until he is 65, in the same mutual fund, he will have invested $76,000 of his own money, and his investment will be worth $1,366,020. 

He invests $60,000 more of his money and his investment is worth $687,703 less simply because he waited 8 years to start! 

 Starting early is important and even though you may be older than the example, it is to your benefit to start NOW.