"Growing ageless financially is taking a good look at our debt, income and investments early in life so that we are in control and not being controlled." Sabrina Protic, Financial Coach
When I was a child my sister and I would look through the Sears catalog and pick out our furniture for our home. My husband and I set up bank accounts for our kids when they were in their teens and they both received shares of stock upon their high school graduation. We associate financial contentment with assets including money in the bank.
In our adult lives establishing a financial plan or budget can reduce stress and anxiety for singles, couples and families. Young adults need mentors, family members and educational platforms to help them get their arms around understanding the flow of money and how to save for their future.
Let’s use the purchase of a home with a 30 year mortgage as an example of living ageless as we enter our fifties. At the end of the thirty year term, our home could be paid off, children grown and moved out and all debt paid off. Perfect story, however, life has a way of derailing us from the fairytale. I was told by a financial guru that the older we get, the safer we want our money to be. In our 50’s we start contemplating and planning our retirement with visions of sitting on the beach with a big floppy hat and sunglasses soaking up the rays. Conversely, we have seen men and woman work all their lives, struggling to survive and pay bills without ever knowing what it’s like to enjoy life free of financial obligations.
Growing ageless financially is taking a good look at our debt, income and investments early in life so that we are in control and not being controlled. Our plan should include relationships, the possibility of starting a family and retirement. A worry free retirement includes a funded or investment income stream, living in the home of our choice and engaging in leisure and pleasure escapes.
The sharper woman grows ageless as she recognizes the value of financial education, prepares for events that impacts her life now and years to come. She is equipped and informed to make smart financial choices for herself and her family.