Hello all. Before I get into today’s blog, I want to correct  something in my blog about Harambe the gorilla that was killed at the Cincinnati Zoo. In that post I said that a 12 year old boy fell into the enclosure. But one of my readers, a mother of a 4 year old corrected me. She said the boy was actually 3-4 years old. So I would like to thank that reader. Also, I want to say that I usually check my facts before I share them with the readers. This one slipped through the check. So I apologize for this error.

Now for todays post. Since it is about financial matters, I want to mention that what I am saying should not be taken as financial advice. I am not a certified financial planner or other such professional. Before investing, please talk to a certified or licensed professional and every situation is different.

If you want to retire a wealthy person, you have to start small and if possible, start early. Warren Buffet started investing at age 11 and thought he started late. Also start by saving a small amount everyday, but do it consistently. In the book Rich Dad Poor Dad, Robert Kiyosaki talks about putting aside money for 3 things. Savings, investing and charity. Many other advisers recommend a similar strategy. Thanks to the Federal Reserve’s near zero interest policy, money in the bank will not grow that quickly. But you should keep some part of your money in a state where you can get to it quickly in case of an emergency. When you invest money, seek investments that are conservative so that you don’t lose the principal. Finally charity. Make a point to donate some part of your money to charity. I remember a few years ago when I lost my job, I still donated to charities. Going back to investing, if you invest $10 everyday at a growth rate of 5% for 40 years, you will get almost a half a million dollars. If you can put aside more or if you get a better growth rate, obviously, you will have more money. But the trick is to start early, start small and be consistent.