Giving your power away when it comes to your money is an age old affliction that affects both men and women, the rich as well as the poor, the famous and the non-famous, the young as well as the old.
Giving your power away when it comes to your money is an age old affliction that affects both men and women, the rich as well as the poor, the famous and the non-famous, the young as well as the old.
If you’re like the majority of people, come the New Year, you feel almost a primal urge to do something about your finances.
It may be something simple like checking to see how your investments performed last year or perhaps something more ambitious like developing a comprehensive financial plan.
What exactly you do is not the point, but definitely do something, anything, just get started. What you’re looking to do is get into the habit, at least once a year, of investing some time in not only how your relationship with money is going individually as well as with your partner, but also in assessing the previous year from a your money and your life holistic perspective. Call it the year in review.
I'll warn you up front, the article The Inadequacy Of Our National Savings, appearing in the current issue of Financial Advisers magazine is a long one, but information you really can't ignore.
Back in the day, I was a spender - a big time spender actually. It was the late 1980’s, the economy was starting to really take off and President Reagan had just lowered taxes across the board. I was in my late 20’s, earning a six figure income as a partner of a fast growing financial consulting firm. Life was good.