Occasionally when I’m talking to someone about the importance of saving for retirement I’ll hear a comment like this: “Oh yeah, I’ve got my 401(k) all set up. I’m good to go!” While having a 401(k) is a good step, it’s only part of the retirement battle. Simply having a 401(k) is akin to having a gym membership--it gets you through the door, but you need to do something with it.
Thanks, La La Land, for Showing Us a Bit of Reality
Kellie and I went to see La La Land a couple of weeks ago. We both loved the film for it’s wonderful music, captivating story and creativity, but it’s the ending that really hooked us. The final scenes helped me understand a bit better the value of making plans (financially or otherwise) even if they don’t work out.
Becoming Wealthy is Simple, But Not Easy
The Millionaire Next Door describes the financial habits of thousands of millionaires surveyed across the U.S. The findings of the book were mind blowing, as they showed a trend of everyday people becoming millionaires through rudimentary ways. For instance, many of them were very frugal, living in middle class residential neighborhoods even though they could afford to live in more posh surroundings.
How to Live Below (Not Just Within) Your Income.
Last week I touched on how Kellie and I were able to realize our dream to move to Star Valley, Wyoming and start Hale Financial Solutions. We did this through “an established habit of living beneath our income.” So why “beneath” our income and not “within” it?