Articles provided by RE-Sterling.com

You know you should have a retirement savings plan for your financial security. Where to put the money is not the question. There are many places to put your retirement savings. The question for most people is where do they get the money for the plan. Here's how to start one on your own, FAST!

The old-school advice, Pay Yourself First, is without doubt, the best financial advice you'll ever get. If you don't pay you, who will? How do you do that? Here's how.

Out of every bit of income that you make, take 10% off the top and stash it in your retirement savings plan. I know that is a scary idea for a lot of people who have debt and past due bills to pay. My advice? JUST DO IT! Making the firm commitment to yourself to operate on 90% of your income is half the battle. As the weeks and months go by, you'll find you have adjusted to operating on less money.

The best benefit of this self created retirement savings plan is the peace of mind you'll have just knowing the money is there and that you are building your own financial security. You won't worry so much about money. Just knowing that cash is there will make you sleep better at night.

Do you think the whole 10% is too steep a step to start with? Take a look at your income from a slightly different point of view. Go over all of the vendors you pay out of your cash flow every week and get the idea that those vendors are all on your personal payroll. Is there anyone you can fire and not really miss? Is there anyone you can cut back from full time to part time status? Just look at the bills that come in every week, and those automatic fees deducted from your accounts and you'll see exactly who is on your 'payroll'.

Here is an example. I was working with the owner of a company who was having a tough time cutting operating expenses back 10% to put away in his retirement savings plan. We looked at every expense from the viewpoint that the supplier was on his 'payroll.'

Right away we were starting to play a game of firing vendors like the extra $9.95 per month third-party fraud protection on each of his credit cards. We didn't renew the contract on some advertising that wasn't bringing in any new business and found a less expensive alternative and saved $280 a month. We consolidated a portion of his debt to a low interest loan and saved over $300 in interest charges every month. We sold a lease-purchase piece of equipment he had no use for and paid off the note. That saved him $239 a month. We even fired his bank and moved his accounts to one with no monthly account charges and got the old bank off his payroll to the tune of $25 a month. Now he has a nice pension fund building up each month.

Why is controlling the flow of money so important? Money is the energy and life blood of a business. It is necessary to pump it through the income producing areas first to keep it running smoothly. Everything runs much more smoothly when enoughcash is available. And that includes you, the owner of the company. Our Money Management Software guides you towards making the most advantageous decisions about how to use your money to make more money.

You can make a fun retirement savings plan building game with your company's cash just by changing your viewpoint about how you will use the money. Be the Donald Trump of your own company. Take a hard look at who you are paying out of your hard earned income. Don't be afraid to say 'You're Fired!' and pay yourself 10% first by setting aside that cash in your personal retirement savings plan.