150 Expense TIPS Challenge #43 Retirement savings is part of the picture. The other important part of effective retirement planning is to become a “champion consumer.” Keeping expenses low, buying smart, can save thousands! This can lead to a stress free retirement! Find out top five retirement planning tips:
1. Get rid of high costing debt and keep debt to a minimum.
2. Strongly weigh the pros and cons of owning a home vs renting.
3. Invest some of your assets in ones that grow over time to beat inflation, like value stock (funds) and/or valued real estate.
4. Become a smart consumer; a champion consumer and reduce materialism not add more.
5. Work with a confidential, objective financial planner who can be your financial coach too.