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A retirement savings plan is essential to your future financial security. Where to put the money is not the question. There are numerous choices of where to put your retirement savings. Finding the money to put in the plan is the concern. Here's how to start one on your own, RIGHT NOW!

The old adage, 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 manage that? Here's how.

From every dollar that comes in the door, 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. What do I say to that? JUST DO IT! Making the firm commitment to yourself to operate on 90% of your income is half the battle. As the weeks roll by, you'll find you have adjusted to operating on less money.

The biggest 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 spend so much time and attention worrying about money. Just knowing that cash is there will make you sleep better at night.

Think you cannot possibly put away the whole 10% to start with? Take a look at your income from a different point of view. Look at all of the suppliers you pay out of your herd earned money every month and get the idea that these suppliers are all on your personal payroll. Is there anyone you can get rid of and not really miss? Is there anyone you can cut back from full time to part time status? Just look at the bills that arrive every month, and/or those automatic fees deducted from your credit and bank accounts and you'll see exactly who is on your 'payroll'.

Here is an example. I was working with a business owner who was having a difficult time cutting company expenses by 10% to stash away in his retirement savings plan. We looked at every expense from the viewpoint that the vendor was on his 'payroll.'

Right away we were playing a game of firing suppliers 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 part of his debt to a low interest loan and saved over $300 in monthly finance charges. 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 switched banks and hired a new 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 it so important to be in control of the flow of money? Money is the energy and life blood of a company. It is necessary to pump it through the income generating areas first to keep it running smoothly. Everything runs better when enoughcash is available. And that includes you, the business owner. The Money Management Solutions software guides you towards making the best possible decisions about how to use your income to generate more profits and build wealth.

Just by changing your viewpoint about how you use your business' income, you can make a fun game of building your retirement savings plan. Be the Donald Trump of your own organization. Take a really close look at who you are paying out of your hard earned cash flow. Don't be shy about saying 'You're Fired!' and pay yourself 10% first by setting aside that cash in your personal retirement savings plan.