MyMoney Online, The Personal Finance series with Warren Ingram

5 most important years in anyone’s life (when it comes to investing)

The Money Show’s Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital, for his weekly personal finance feature.

Ingram discussed the following five most important years in a person’s investment career:

  • Age 24: Start saving and work on your debt plan

  • Age 45: Peak earning and reducing debts

  • Age 58: Planning for your next phase

  • Age 63: Planning your retirement career

  • Age 72: Sorting out your affairs for the next generation

Scroll down for quotes from the audio below.

The year you start working is, possibly, the most important year of your twenties.

Warren Ingram, Galileo Capital Financial Advisor

In your forties; don’t let your expenses grow along with your income.

Warren Ingram, Galileo Capital Financial Advisor

In your late fifties you need to work out how much you need to retire.

Warren Ingram, Galileo Capital Financial Advisor

It’s not great to have debt when you’re in your late fifties.

Warren Ingram, Galileo Capital Financial Advisor

Divorce and depression are common in the first year after retirement.

Warren Ingram, Galileo Capital Financial Advisor

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