Financial advisors shudder when they...
Illustration
Financial advisors shudder when they hear of people who take a shotgun method to
saving: We put away big chunks of money if, and when, we have it. Worse are those who
subscribe to the "big bang" theory of retirement saving: We are waiting for that rich uncle
to share his estate or our lotto numbers to come in. Advisors always encourage investors
to save regularly, even if it is only small sums. Then, using compound interest and time,
those little investments yield a large return. For example, putting away just $1,000 a year
from the time one is 25 until one retires at 65, will return more than a whopping $135,000
(assuming 5% interest compounded semi-annually).
Naaman, the Syrian, wanted prophetic theatrics. He wanted to see Elisha come out of the house, call heavenward in a loud voice, wave his hands, and other graphic displays. He thought he deserved this. But Elisha, like our financial advisors, counseled small, simple, and repeated actions; they would have the desired effect. And they did.
Naaman, the Syrian, wanted prophetic theatrics. He wanted to see Elisha come out of the house, call heavenward in a loud voice, wave his hands, and other graphic displays. He thought he deserved this. But Elisha, like our financial advisors, counseled small, simple, and repeated actions; they would have the desired effect. And they did.
