Mark D. Goldstein, CFP®
Certified Financial Planner
SAFE-Money Alliance

Pueblo Plaza Executive Suites
1100 S. Main St., Suite 10
Las Cruces, NM 88005
(575) 556-2472

Intelligent Office Complex
7362 Remcon Circle
El Paso, TX 79912
(847) 778-7986

Advisors Circle
3701 Algonquin, Suite 150
Rolling Meadows, IL 60008
(877) 442-0698 Toll-Free

"Guaranteed SAFE-Money Solutions for a Successful Retirement!"


When speaking with young adults, I rarely recommend that they "follow their dreams". Instead, I tell them to focus on making and SAVING money.

And you're probably thinking, "Mark, you insensitive, materialistic bastard!" But hear me out...

I'll even suggest that they deliberately opt for less "satisfying" but higher paying careers in order to sock away more serious sums of money.

But, wait a minute. Shouldn't they be pursuing their dreams and passions in their 20's, before becoming burdened and burned out by the demands of raising a family and making monthly mortgage payments? Uh, probably not.

Hey, guys, where does it say that the pursuit of dreams is more important in our 20s than in our 50s, 60s and 70s? To the contrary, I believe the opposite is true.

True or False. Wouldn't you agree that most purchases don't truly bring much happiness? And that those who adopt a frugal lifestyle in their 20s and 30s probably won't be missing out on much?

Expensive cars, fancy houses and the latest electronic toys may be alluring, but aren't likely to bring long-lasting pleasure. On the other hand, it's kind of tough to amass the amount of wealth needed for a comfortable, care-free retirement that could last over 30 years.

But, if you start young, it'll be a heckuva lot easier, right?

Simple math and logic. More years + saving more money = more investment compounding.

Something else youngsters need to consider. These kids might spend over 40 years in the workforce and they need to be prepared for upheaval. Even if they're not forced to change careers because of global competition or new technologies, there's a pretty good chance they will want to change. Seriously, 40+ years is an awfully long time to do the same thing, isn't it?

A guy or gal entering the workforce in their 20s might be thrilled with their chosen careers. Fast forward 20 years and the thrill might likely be gone, replaced by a sense of urgency to rush home and hit the scotch bottle... or something.

An alternative. Why not instill in our children and grandchildren a sense of urgency to get in great financial shape early in life in order to spend the majority of their years with zero money worries and the financial freedom to do whatever they want, whenever they want, with whomever they want?