Its time to get professional advice – by guest blogger Anne Leroux
The time when retirement planning was straightly mapped out is long gone.
To millennials, the rules managing our parents and grandparents spending are so farfetched they slide straight into the category of fantasy. The golden lodging rule, to only use 30% of your income for housing expenses, sounds like the stuff dreams are made of. The average among millenials is 60-70% of income on lodging. Add children into the equation and making ends meet comfortably becomes extremely difficult. Putting money away to save becomes a pipe dream.
Working to struggle financially is never anybody’s end goal. Take the proper steps to educate yourself on your financial situation, your goals and bridge the gap. Connecting with a financial advisor can minimize the time it takes to build your way to financial stability.