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A retirement savings plan is essential to your future financial security. Where to put the money is not the issue. The choices of where to put the retirement savings are endless. Finding the money to put in the plan is the concern. Here's how to start one for yourself, FAST!

The old saying, Pay Yourself First, is some of the best money management advice you will 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 put it in an account that you have designated for your retirement savings plan. If you have debt and lots of past due bills, this is probably a scary idea. My advice? JUST DO IT! You will find that you CAN operate on 90% of the income if you decide you are going to. As time passes, you'll find you have adjusted to operating on less money.

The most significant benefit of this self imposed retirement savings plan is the financial security and peace of mind it gives you. 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.

Do you think the whole 10% is an impossible place to start? Take a look at your income from a different point of view. Look at all of the vendors you pay out of your herd earned money every month and get the idea that those vendors 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 to part timer status? Just look at the invoices that come in every month, and/or those automatic deductions from your 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 tough time cutting company expenses by 10% to put away in his retirement savings plan. We looked at every expense from the viewpoint that the vendor was on his 'payroll.'

Suddenly 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 much 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 interest charges every month. We sold a lease-purchase piece of equipment he had no use for and paid off the balance. That gained him $239 a month. We even fired his bank 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 vital for you to have enough control over the flow of money? Money is the energy and life blood of a company. It is necessary to channel it through the income generating areas first to keep it running well. Everything runs much more smoothly when enoughcash is available. And that includes you, the business owner. Our Money Management Software guides you towards making the correct decisions about how to use your income to generate more profits and build wealth.

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 organization. Take a really close 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 stashing that cash in your personal retirement savings plan.