To be able to save money, you have to spend less than you earn. It's that simple. Live below your means and you have options. Think about your big long-term goals: is your cash flow heading toward the things that matter most to you?
I’ve been tough on real estate for the past few posts. Don’t get me wrong, I’m not against real estate on principle, but it’s worth a balanced discussion as you plan your finances and frankly that often seems missing in the media and around the inter-generational dinner table.
Whenever I’m suggesting the purchase of a mutual fund, I share what scenarios might look like at the time of sale. I always make sure to be up front about how things might look if we have to sell earlier than we had planned.