Invest in your dream

It can be hard to take money out of your wallet and put it aside to finance your goal. However, putting some of your pay into money-earning investments is a great way to hang onto your money while using it to make more.

Younger investors have the advantage of time. Invested money grows in part through your own contributions and in part through the effect of "compounding" - as interest earnings are put back into the account to earn even more interest.

But even if you are older, it is not too late to begin working on a retirement goal. Those over 50 are allowed larger tax-deductible contributions into Individual Retirement Accounts (IRAs) and other retirement plans.

You don't have to be a Wall Street wizard to make money by investing money. There are simple ways to start investing that are easy for anybody to do, such as opening a mutual fund.

Your time is valuable

  Give yourself as much time as possible to make your money grow. Take a few minutes to make your investment plan right now. You'll be glad you did.