Prepare For Retirement

Chances are you're going to live a good, long life. Are you financially prepared for it?
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Follow these tips to make sure your money is working as hard as you are.

  • Are you saving enough money? Start building your nest egg now by saving at least 10 percent of your annual income.
  • Do you have an IRA, a 401(k) or SEP plan? If not, start one today.
  • Where are your investments? Don't put all your eggs in one basket. Make sure your investments are diversified.
  • Do you know where your money goes? For one month, keep close track of how you spend your money. You'll be amazed by what you uncover.
  • Are you prepared for life's big events? School costs, a new house, a wedding? You need a targeted savings plan for these circumstances.

Most important, find a financial advisor you like and trust. Ask for their advice -- and follow it!

Excerpted from Get Smart: 365 Tips to Boost Your Entrepreneurial IQ

More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Make sure you’re covered for physical injuries or property damage that occur at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur