To illustrate this point, let's start with a scenario of saving for a down payment on a car beginning your freshman year in high school. You plan to save for two years and purchase a car during your junior year in high school. Extensive travel may mean having to save more money. If one is willing to hold a part-time job during old age, less money can be saved in the present. One must also consider health care.
Many businesses offer retirement packages that include health care plans.
When you set a goal and break it down into monthly or weekly amounts, saving doesn't sound so bad. Many people don't realize the pains of retirement planning can be alleviated if saving is started while you are still young. Often saving becomes a positive addiction because you can see how you benefit from developing a plan at an early age. Saving a small amount over a long period is easier and secures more money. Buying and selling stocks, if timed correctly, may produce profit in a short period.