My husband and I are about 10 years from retirement, and our financial planner recently commended us for handling our money so responsibly.
After our last session, she asked if there was any advice we’d offer to new investors. We told her we say no to ourselves more often than we say yes, and that keeps us on track financially.
She ended the session by saying that it’s finally time for us to start saying yes — we’ve earned it.
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A quick Google search will reveal that one of the number one things couples fight about is money. I don’t know how my husband and I got so lucky, but we have never fought about money in our over 20-year relationship. We happen to view money very similarly — a dollar has value, and neither one of us wants to waste one.
When we first got married, we made very little money, but even then, we put a priority on saving and building a nest egg. As we received raises and promotions, we never really upped our cost of living.
We have always shopped secondhand. Our couch is a hand-me-down, my favorite chair is from my mother, our dining set is from an estate sale, most of our clothes are from thrift stores, and we buy our groceries from a discount grocer.
Since retirement is less than 10 years away for us, in the past five years, we decided to consult a financial planner and make sure we were doing all we can to make sure we have enough to stop working and take up a hobby or two (excluding unforeseen circumstances).
Our financial planner asked for our advice for new investors
After working with our financial planner for a couple of years, she said, “I wish all of my clients were as dedicated to their financial health as you two are. Do you have any advice for new investors?”
We told her about our lifestyle, always making sacrifices/choices. We both ended up agreeing that the advice we would give those trying to build up their retirement fund is, “Say no to yourselves more than you say yes. Say no to yourself at least once a day.”
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Source:: Business Insider