Group Information
Date Created:
June 11, 2009
Category:
Nonprofits & Volunteering »
Mentoring Programs
Group Type:
Public

Been There

If only I'd known then what I know now. How many times have you thought that when looking back at various financial decisions in your lifetime? This group opens the door to sharing our experiences with things like buying a car, buying a house, selling a house, paying off a loan, investing, saving for the future, and more. Sometimes we can learn a lot by sharing our stories with others - especially when trying to teach our kids and grandkids about how to make good financial decisions. Read, learn and share! Check out www.lifetuner.org, an AARP-sponsored Web site for financial education

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I was fortunate enough to have a boss at a small company I worked for early in my career put money into a SEP retirement fund for myself and other employees. It was up to us to invest it how we wanted to. But when I first checked in with the money manager I became so overwhelmed that I froze on a decision. That money ended up sitting there uninvested for several years because I did not make a move with it. Now that I'm older and know more about how time is the ultimate friend (or foe) of investing, I realize what a mistake it was to not make a move as soon as I could. It's not the hugest mistake I've ever made, but surely I've lost thousands of dollars because of it.