I can’t believe it is Day 6 in our series and it is coming to a close. So know I get to ask you some questions:
All these can be difficult questions to answer and everyone will be different. And it doesn’t matter what you age is.
We have been talking about becoming financially free and it doesn’t stop at that point. You will want to look into the future and determine what you want in life. Your individual goals will determine the paths you take. I am not a financial advisor so I can’t tell you what you should do to get the things you want later. But I can say keeping money under your mattress or even in a savings account isn’t going to be you best choice. So reach out to your company and determine the retirement options they offer and take advantage of the 401K or other retirement options they offer. Don’t leave money on the table which we spoke about on Day 4.
Also, reach out to a local financial advisor to find out the various options you have to save. Yes the stock market has its ups and downs but we are not putting money there for tomorrow but years down the line. This will provide the best return for your investment and your financial planner will guide you along the way. Take my advice that even though technology is great and you can find so many online brokerage accounts to buy and sell stocks a financial planner is well worth the visit. The best ones will work with you to understand your goals, build a plan, and meet with you frequently to determine any changes and review your progress.
Remember, you are in control of your future!