Start saving as early as you can! The impact of compounding interest/returns is something you can’t get back later in life. Consider this, if you put $150/month away for 40 years, assuming a 7% return, you would have $199,846! Now let’s say you start 10 years later doing the same amount but only for 30 years, now you’re only looking at $65,573! Sure, there are a multitude of factors that go into the actual rate of return, but you get the point: SAVE EARLY!
Stay tuned for Tip #2.