Now that your long-term financial security is about to become a team project, it’s time to make a habit of thinking in terms of steps to you can take together, rather than separately.
No single wellness benefit drives retention, but taken holistically, wellness benefits show your company cares. And that does drive retention.
For most of us, money represents security, so uncertainty related to money can really wreak havoc with our peace of mind. The trick is to find ways to work past the fear and stress, so you can keep moving towards your financial goals.
Unexpected expenses happen all the time, but if you have a cushion of savings, these unexpected expenses don’t have to derail you.
If you want to work towards your longer-term financial security, you need to free up funds to do so – but how? One suggestion: participate in the “sharing economy,” now dead simple, thanks to the Internet. By sharing, renting, or bartering, you’ll reduce your expenses and/or earn a little extra income. Before you know it, you may find yourself with extra funds to fatten your savings account or invest in the other building blocks of your financial security.
As a child, you watch how your parents manage their money and absorb those lessons unconsciously. And, sometimes those unspoken lessons can be damaging.
At what point does one need professional financial advice? Is it when your assets have grown to a certain point, or is it only when you have special concerns like estate planning or passing on a business?
Switching financial advisors should be more than a mechanical transfer – ideally, it’s a chance to reassess your goals and strategies with a new advisor and a fresh perspective