May 28, 2019
Many people find themselves in debt or suddenly realize that they aren’t making any savings or building a retirement nest egg. It can be hard to know where and how to start clearing debt. You may feel that you don’t have the financial knowledge to create a plan, start saving or make investments. It is also easy to make excuses or tell yourself stories to feel better about not doing anything to improve your financial situation.
Today, I share three myths that are sabotaging your financial fitness. I reveal how you can break the cycle of not taking action and how you can build upon your first steps towards financial fitness. I discuss the benefits of setting up a financial plan to clear debts and begin saving or investing. I also highlight the need for a budget that still lets you live a fun and fulfilling life as well as emphasize the importance of having an emergency fund and saving for retirement.
“You don’t need to know everything to take positive action. Start with one positive action.” - Tracey Bissett
This Week on Young Money:
The 3 Myths Sabotaging your Financial Fitness:
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