Spend less than you earn and invest the difference.
Is it really as simple as 1 – 2 – 3 ?
- Earn as much as you can, as quickly as you can.
- Pay your bills.
- Invest the balance according to the ‘savings time frame’ for your next goal and according to your ‘risk tolerance profile’ – using a research based ‘recommended’ investment.
Analysis is the first step.
You’ll find a ‘Budget Sheet’ under Resources then Forms.
Prepare a budget of what you have coming in and what you are paying out.
In order to ensure you are maximising the return on the dollars you have left over each pay
period which comes after setting money aside for your current and future bills, please contact
your LIFE-TIME adviser for a no cost no obligation discussion.
Two of your first priorities should be:
- debt reduction and an
- emergency fund (usually 3 to 6 months income)