23 ADVANCE FOR MEDICAL LABORATORY PROFESSIONALS PROFESSIONALISM FEBRUARY/MARCH 2016 money for something so far on the horizon, especially when you’re just starting out and money is tight. Be careful of putting off this task for a more flush future, however. Carr notes one common misconception of millennials is that it will be easier to save later, but the truth is that many large expenses await this generation (from increasing healthcare costs to the cost of starting a family). “Do not sacrifice your retirement by putting off saving, start saving now,” he advised. And, thanks to the power of compounding interest, even a small investment made now will grow over time. “The amount invested is not nearly as important as contributing faithfully and as early as possible,” Drury noted. Danny Kofke, retirement consultant, Invest-N-U, and author, www.dannykofke. blogspot.com, specializes in 403b and 457 plan designs for school districts, and advises teachers in saving for retirement. He recommends starting by tracking expenditures for one month and analyzing where your money is going, so you can see where you can cut back. “Most people have enough money to invest in themselves, they just spend it without realizing where it is going,” he told ADVANCE. By spending your money on paper first, you will find places to save, Snyder added. “Going to Starbucks just once a week at $4 a pop adds up to $16 a month. Going out for lunch once a week at $10 a pop? That’s another $40 per month. You just found $56 per month you can save, which is over $600 a year that you could put towards retirement,” he explained. If someone started saving $50 a month at age 25 and did so until he was 65 and earned a modest 8% interest each year, he would have more than $174,000 in his retirement account, “all that for about the cost of a diet Coke a day,” Kofke quipped. In the same vein, Christopher Carosa, CTFA, president, Carosa Stanton Asset Management, LLC, advises clients to devote most—if not all—“found” money into a Deer Lodge Medical Center, located in beautiful southwest corner of Montana, bordering the Bob Marshall Wilderness area, is seeking an experienced Medical Technologist to join our team. DLMC is a 16 bed Critical Access Hospital providing patient centered care as a Planetree affi liate using EPIC Beaker in a 4 year old, state-of-the-art facility. A Bachelor’s degree or equivalent in Education/ Training in Medical technology, CLS or related science, active ASCP or AMT certifi cation, and current Montana CLS licensure is required. Successful applicants will be required to take call and rotating weekends. Please send resume to Kerwin Tarroza at ktarroza@dlmed.org
ADVANCE for Medical Laboratory Professionals • February/March 2016
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