So in this crazy market how do you win? Save money. Save it often and regularly. Save with a plan in mind. Know where your discretionary dollars are going so you eliminate wasteful spending and try to take emotion out of investing.
Using spare dollars to create a Financial Plan will ultimately help you assure your savings rate is adequate, diversify your investments and optimize your debt.
Establish a plan and goals to get your savings on track so you can get where you want to be in retirement. Not just retirement in the traditional sense, but Financial Independence. Living the lifestyle you want balanced with adequately saving for the future.
Investing before taxes is great, but not necessarily optimal in each situation, and ideally you can reduce your debt burden and increase your savings rate to the point where investment both before taxes (in your 401k) and after taxes is a possibility.
In order to break the habit, a change in mindset is required, employing self-discipline and delaying gratification to make decisions based on economics, not emotions.
A comprehensive Financial Plan can address any concerns and answer your questions about your financial future - and ultimately set your mind at ease.
