How Should Someone Start Their Retirement Plan

Marguerita-Cheng-6-How should someone start their retirement plan

In this video, Marguerita Cheng emphasizes that the most important step in retirement planning is simply to start—by first building short-term savings for emergencies and then investing for long-term goals and future wealth accumulation.
Video Transcript

The most important thing about retirement planning, quite honestly, is to start.

Then the question is where do I begin? First what you want to do is look at your cash flow. It's important to save for the short term. That's when your rainy day fund comes and that's savings.

That's money you can get to for any emergencies or opportunities. The next thing to look at is investing. That's money that you are going to be setting aside for long term goals. If you're not thinking about retirement, that's okay.

Think of this as wealth accumulation or building wealth for your future.