Especially when we look at the national average is $10,000 in credit card debt and savings and willingness is falling. This article can help you return to a more fulfilling and financially free life.
- Automate your investment. Experience has shown that if we had to make a conscious effort every time we had to invest, we would start with good intentions and fail miserably months later. If you can automate your savings, either by using your employer’s 401k, sep (self-employment plan) or by direct deductions from your account, you’ll get things done first. The rule here is: if you don’t see it, you won’t notice it and you can’t miss it. Some of these deductions reduce your taxable income and save you more taxes (ask your CPA and tax advisor for more information). A good rule of thumb is to set aside 10% of your income.