How do you find that inner peace of mind that comes from knowing that the "money" part of your life is on track?
Does it come from hiring a trusted financial advisor? (Hint: firstname.lastname@example.org.) Focusing on a long-term investment strategy? Both are important contributors.
However, the key to financial happiness is…
Living within your means. Spending less than you have coming in. Do this and everything else will fall into place.
If you live beyond your means you will face stress and anxiety. Your flexibility to make life and career decisions will be limited. You will be weighed down by trying to finance a lifestyle that you cannot afford. Your relationships will be negatively impacted.
If you find that you are living beyond your means, you have the power to change:
- It starts with understanding your Core Values — the beliefs by which you strive to live. The priorities you value most.
- Next, create a Budget aligned with your Core Values.
- This will help you make decisions involving a Big Purchase.
By applying these principles, you will have a roadmap for living within your means. And that is the key to financial happiness.
Shari Greco Reiches
Shari co-founded Rappaport Reiches Capital Management with one goal - to maximize the return on life for her clients. Please connect with Shari below. She loves to talk about investing, financial planning, and Barry Manilow.
The author does not intend to provide investment, legal or tax advice as these materials are for general educational purposes only. Please consult your legal, tax or investment professional for advice on your particular situation. This material is derived from sources believed to be reliable, but its accuracy and the opinions based thereon are not guaranteed. It is not intended to be a solicitation, offer or recommendation to acquire or dispose of any investment or to engage in any other transaction. Investing involves risk including the possible loss of principal. Past performance does not guarantee future results. Please refer to RRCM’s Form ADV Part 2 for additional disclosures regarding RRCM and its practices.