How will you/do you feel when the paycheck stops?
How do you feel when you see your account balances drift downward while the cost of living increases?
When you’re not creating income, feeling insecure is natural. The view ahead is unknown.
When people ask if they will have enough for the rest of their lives, I explain that the variables are plentiful. For example,
Your cost of living.
The important of leaving a financial legacy.
Your longevity.
Inflation, health, economy, your ability/inability to withstand risk.
Financial security increases when you know these factors have been objectively examined, discussed and formulated into a plan.
It requires action.
It requires time.
It requires an open mindset to make course corrections when appropriate.
Cheers,
Michael
