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2014 Investing Challenge Kickoff

Now that you’ve flipped the calendar from 2013 to 2014, it’s time to hit the ground running. And we have just the thing!

Welcome to the 2014 Investing Challenge!

The First Step

This year, our Investing Challenge has two parts. The first step is to start investing an additional $300 each month toward retirement. So, if you are on Baby Step 4 and aren’t yet investing the full 15% of your income for retirement, take a good look at your budget. If you make it a priority, we know you’ll find that extra $300.

Why is it so important to invest 15%? After counseling thousands of families, Dave found that 15% is the perfect balance between not enough and too much. Investing just 10% may leave you short of your retirement savings goals, and investing 20% is often too much of a strain on your monthly budget.

Devoting 15% of your income to retirement savings can give you the nest egg you need while allowing you to enjoy the money you’re making now.

Make It a Habit

The next part of the Investing Challenge requires a time commitment. We want you to continue investing that extra $300 for at least one year.

When it comes to money, habits are more important than math. Once you’ve been investing an extra $300 a month for 12 months, it will be a habit. You’ll automatically continue investing that $300 without any encouragement from us.

The impact will be significant—even as soon as five years from now. In five years, you’ll have invested an extra $18,000. But after 30 years of compounding growth, that $18,000 can end up adding $260,000–435,000 to your nest egg!

At a time when most people think they will never have enough money saved to retire, you’ll be in an excellent position to live and give like no one else!

Talk to Us!

All year long, we’ll provide the motivation and investing tips you need to take on the Investing Challenge, but this is a two-way street. We want to hear from you! How will you find the extra $300? Do you know how much you’ll need when you’re ready to retire? Tell us about it right now with this survey.

Get Started Now!

Are you on board? If so, you won’t regret it. Have you ever heard anyone say they wish they’d saved less for retirement?

If you’re taking our challenge seriously, start off on the right foot by consulting an investing professional. You need an expert who will answer your questions and give you advice you can trust

If you’re looking for top-notch, experienced advisor, you can find one Dave recommends in your area. Find your Endorsed Local Provider (ELP) today!

Ramsey Solutions

About the author

Ramsey Solutions

Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners.

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