Why Saving for Retirement Is a Waste of Time and Money…

Some people get overwhelmed by the concept of saving for retirement. But, Entrepreneur Network partner Brittney Castro explains it shouldn’t be about only saving — it should be about investing and compound interest. That’s why her first step of preparing for retirement is to open up an investment account, add money and invest it.

Most people go wrong here. They think that once their money is in an investment account, they are automatically receiving interest. That’s not the case — you still need to decide which investment you want to buy into. It’s usually a good idea to consult with a financial planner for this step.

Click play to learn more about how you should start your investment account and prepare for retirement.

Related: The Basics of Financial Planning

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Amazon Fire, Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.