We might be hoping to wake up on Easter morning with a trail of $100 bills to our savings account, but the reality is it takes some work to get a sweet financial payoff.
If you’re strategic, this work is easy and become more of a rabbit. I mean habit.
Grow your nest egg
In order to get to the golden egg, otherwise known as ‘golden years’, it’s important to focus on growing your nest egg now. Review your investment strategy and ensure that it’ll meet your long-term goals. Consolidating your loans can help reduce the amount of interest you’re paying, allowing you to pay those off quicker and save more.
Hop to it
Start small and start now by putting away $10 every pay cheque (that’s $260/year). You’d be surprised how fast it adds up when it’s out of sight and out of mind.
Don’t put all your eggs in one basket
Diversification of investments is important. You work long and hard to save for retirement so to help avoid losing your entire nest egg, diversify your money over several investments with different levels of risk and potential returns.
Life isn’t always a box of chocolates
Preparing yourself for some sweet or sour surprises in life is important, you never know what life will throw at you. Working with your Financial Planner can help ensure that, when those unexpected financial setbacks happen, you’re prepared and protected.
Don’t count your chickens before they hatch
Laying the financial groundwork is key to avoiding financial trouble. Avoiding bidding on that house or signing for that new car before being approved and talking to your Financial Advisor.
Well what are you waiting for…hop to it!