Wealth Today

Getting ready for the holiday weekend, my time has been reduced even further. For now, I’ll share a quote I read from The Wealthy Barber. David Chilton’s book is full of wit and great words expressing wisdom. I found this one and loved it:

The best time to plan an oak tree was twenty years ago. The second best time is now.

I’ve increased my 401k contribution to 10%. For the first time, I’m now paying myself first. That first 10% of my check comes off the top and goes directly to me. Well, almost, it goes to my 401k. I’ve actually lost money since I first decided to join my companies 401k because the price per unit is less than what I paid for my first contribution, but I’m staying optimistic. I expect dollar-cost-averaging to come to my rescue and continue to help my nest egg grow.