“Pressure is what you feel when you are not prepared”
Lou Holtz
“Pressure is what you feel when you are not prepared”
Lou Holtz
It’s the million dollar question and also one of the hardest questions to answer before you retire: When is enough, enough?
If you asked me that question back when I was a young and ambitious entrepreneur, striving yet never arriving, my answer most likely would have been never. You could never have 'enough'. Back then, I was a true believer that the sky’s the limit when it comes to earning money. More income meant more toys to buy, and anyway, how could one ever have enough?
The way boomers define ‘retirement success’ is changing rapidly. The old model of ‘success’ - where your goal is to accumulate as much money as you possibly can by the time you reach the finish line, regardless of the stress and impact on your physical, emotional and spiritual health, well, that model is no longer sustainable.
The stock market is volatile. Your bills are skyrocketing. Getting a grip on your finances, however, goes beyond your checkbook. Take a good hard look at your relationship with money, and you’ll finally figure out how the two of you can start getting along.
When was the last time you reevaluated your personal financial goals? Did you set initial goals when you were in your 20’s and haven’t looked back since?
he·don·ism:
Imagine you’ve just met a person that not only has a black belt in karate, but a third degree black belt to boot and is a well respected and nationally acclaimed sensei (teacher). You’re in awe of the practice and discipline required to achieve this level of martial arts mastery.
Like most financial advisors that have been in practice for over ten years, I have my fair share of clients that are millionaires. So with that said, what makes our millionaire clients different than your “average run of the mill” millionaire client? The answer; the majority are frugal and proud of it.
If you’ve read the best-seller, The Millionaire Next Door, you know many of the people portrayed in the book are, relatively speaking, pretty frugal. Keeping that thought in mind, and based on years of observation, below are the seven most common frugal habits of Spiritus millionaires.
