It used to be that retirement was an attainable vision for just about everyone in the U-S-of-A.

Definition of Retirement: sit around the home, read the paper, play some golf, drive around town in a Cadillac, catch the early bird special at the local diner, watch some TV, go to bed, and do it all over the next day. Mix in an occasional RV or European vacation to take some photos and all was right in the world.

Retirees had a simple financial formula for achieving that dream:

1. Hit age 65.
2. Stop Working.
3. Collect your pension check, replacing the majority of your annual income before retirement.
4. Collect your Social Security benefits to fill in the rest.
5. Rely on your retiree health benefits from your employer.
6. Collect your medicare benefits to fill in the rest.

Those days are all but over. Why?

1. Pensions are dead our generation wont get them, and if you are lucky enough to get one, good luck keeping most of it.
2. Most individual investors fail miserably at investing.

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We talk a lot about what you, as a well-informed personal finance enthusiast, can do RIGHT in order to reach your financial goals.

But

We dont often talk about what you can do WRONG, despite it being equally, if not more important.

So, I decided to compile a list of 10 of the most common (and harmful) young professional financial blunders.

I have seen a lot of friends and peers commit these financial sins and have even committed a few myself. Hopefully, I can save you the frustration and regret that comes days, months, or even years later.

1. Holding off on Saving for Retirement

It is common for many young professionals to hold off on saving for retirement in order to finance their present day lifestyle. With a tinge of arrogance, many of us believe that we can hold off because we have so many years ahead to focus on retirement. In reality:

1. The longer we delay in investing for retirement, the more we miss out on the power of compound interest.

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Incase you are having too much trouble with the repayment of your debts, then you must try and consider various debt relief options in order to get rid of the debt related problems. If you are not being able to pay even the minimum amount on all your debts, then the debt solution that you can consider is debt settlement.

Under this process your creditor will agree to reduce your outstanding debt, usually 40% to 60% of your debts in exchange of a one time payment. Thus, the amount that you need to pay towards your debts drastically reduces.

You can settle your debts with the help of a debt settlement company that will be charging you with a debt settlement fee for the services they provide. If you want to save on the settlement fees, then you may also settle your debts all by yourself. However, in order to do this you will need to know a few basic things.

Some of the tips that you must follow in order to successfully settle your debts all by yourself are as follows.

1. Full Article…