I recently read an article by Dan Serra discussing these time bombs:
- Having too much debt
- Keeping too much cash in the bank
- Making extra mortgage payments
- Investing more than 50 percent of your 401(k) in your company stock
- Having more than 25 percent of your investments in one investment
- Seeking advice from family or friends
- Not having a budget
- Not saving for retirement……and last but not least…..
- Not buying life insurance
If any of these sound familiar, it’s time you reassess.
Here is what I’ve learned from clients over the years to obtain financial security:
- Plan for the worst
- Remember the hard times
- Be prudent
- Be conservative
- Maintain stability…..and most of all…….
- BE DEBT FREE
From my experience, I’ve learned that these items are key to financial security in today’s uneasy economic times. Above all, I encourage you to follow some, if not all of these points, to achieve security and peace of mind.
