Money Talk with The Maloneys
Ever wonder how you are going to afford retirement homes or living care when you are older? Did you know that the cost of retirement homes are an average of $70,000 – $100,000 annual! I know you are thinking what I am thinking, and how are we suppose to afford that at the rate of inflation going. You know you can start investing in your health savings account (HSA), and we want to help you learn how!
During the scary pandemic, when we thought it was the hardest. Locked up in our tiny home with no friends, huge debt, and two jobs. He told us, Kailey, you should stay at home with your child and not go back to work. I put all my faith and trust in him telling him even though I didn’t know how we would pay off our debt in one year, but with God all things are possible. I stayed positive. I stayed faithful. I stayed talking to God daily. Ask my husband my journal was full in less than a year. I was building a closer and closer relationship with him.
Saving money is important, but investing is even more important. You want to reap the benefits of interest that works for you rather than against you. Interest works against people with debt because it continually adds up, but when people invest it grows and grows for the good! Let us share with you the Roth IRA Benefits and why we have one and you should too!
Do you feel like starting to invest is hard? I can completely understand. I know many people right out of college feel the same way. You get your first job and have so much debt and you’re supposed to invest into your future, but you are just trying to understand the concept of investing and why now. Come with us to talk with you about how you can take advantage of your companies 401k and if you don’t have a 401k with your company you can open up a Roth IRA.