Your future financial security is dependent on having a retirement savings plan. Where to put the money is not the issue. There are many places to put your retirement savings. Finding the money to put in the plan is the concern. Here's how to start one for yourself, RIGHT NOW!

The old saying, 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 set it aside in 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 will find that you actually stop 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 cash flow from this point of view. Review all of the suppliers you pay out of your cash flow every month and get the idea that those vendors are all on your payroll. Is there anyone you can get rid of and operate without? Is there anyone you can cut back to part timer status? Just look at the bills that arrive every month, and/or those automatic fees deducted from your 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 operating expenses back 10% to fund his retirement savings plan. We looked at each expense from the viewpoint that the supplier 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 cancelled the expiring contract on some advertising that wasn't bringing in much new business and found a more cost effecrtive alternative and saved $280 a month. We consolidated a portion 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 gained him $239 a month. We even changed his bank and moved his accounts to 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 controlling the flow of money so important? Money is the energy and life blood of a business. It is vital to pump 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 owner of the business. Our Money Management Software guides you towards making the best possible decisions about how to use your income to make more money.

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 company. Take a hard 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 own retirement savings plan.

Sandra Simmons, President of Money Management Solutions, has years of experience helping business owners and individuals manage their income to become debt free. To learn more about the Money Management Software she created, visit her website and watch the FREE 5-minute demo video at www.moneymgmtsolutions.com