June 20, 2016

Retirement, College, Weddings: Can I Save/Pay for it All?

“If I only had more money then I’d be able to do this”. That’s a misnomer. The truth is you’ll never have enough money, and that’s on all income levels, if you don’t have a plan. Perhaps you went online and used a retirement calculator and now you’re thinking, “I need to save this much for retirement and I need to save this much for my kids college and my daughter’s going to get married and I have to put some money away for that and I need to put some money back for insurance and forget going on vacation!” You’re basically just overwhelmed like most people are. They ask, “How in the world can I save enough money for everything all at once?” My answer is simply this…the same way you would eat an elephant…one bite at a time. The problem when it comes to saving for all the various life events is this, people start, but they aren’t discipline enough to see it through. It’s just like the same New Year’s Resolution you’ve made for the past 20 years…when it gets to be too much you just quit. The task is so daunting and we’re not prepared to tackle […]