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Do You Know the Key to Financial Happiness? Thumbnail

Do You Know the Key to Financial Happiness?

So what’s the answer? Hiring an advisor, asset allocation, diversification or having a long term investment strategy?  All important.  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.

Live beyond your means and you will face stress and anxiety.  Your flexibility to make life and career decisions will be limited.  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.  Once you identify your Core Values, you can use these values to create a Budget.  And you will have a framework for decisions involving a Big Purchase.

By applying these principles, you will have a roadmap for your spending.   You will have the key to financial happiness.  

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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.