When you are thinking about getting healthy, the prescription for good health is straightforward. The core principles include eating right, staying active, and not smoking. When it comes to your finances and financial wellness, what’s the prescription to financial success?
The word resiliency is defined as “the capacity to recover quickly from difficulties, toughness.” This is often used relating to physical wellness and stamina and the ability to recover from an illness. Financial resiliency is the ability to recover from an unexpected financial burden, like a medical bill or car repair that you didn’t see coming.
The pandemic has impacted many people’s mental health, and almost two years later, many of us are struggling with COVID fatigue. Even though many of us don’t feel like pushing on, we still have to show up. Here are five strategies to help you keep your focus while building a strong financial base and growing wealth.
Talking about money is more than just talking about income, debt, assets, and spending habits. You care about money because money provides you with the things you need and the things you want, both tangible and intangible. The question is, what motivates you?
Budgeting your money is a great way to control your spending and help you reach your financial goals. If you have never budgeted before, a great way to get started is with the 80/20 rule.
Many of us don’t put enough money away for retirement. Statistics show that most Americans aren’t saving enough and will have to work long after age 65 to make ends meet or reduce their lifestyles significantly to get by in the later years. For that reason, we are always encouraging people to save more.
