If you’re a young adult, it’s hard to get excited about saving for retirement. “It’s so far into our future!” you might think. “I have student loands that need to be paid now! I’ll worry about it later.”
Personal finance journalist Jonathan Clements, author of How to Think About Money, agrees that it’s hard to get passionate about saving for retirement. He thinks that millennials need to think about saving for retirement in a different way.
Don’t look at it as saving for the future, he says. Look at saving as buying yourself freedom — the ability to do what you want when you are older. By saving now, you are ensuring that later on you can live comfortably, travel, or switch to a career that might be more rewarding yet lower-paying.