In Show 110 – Fast Fix Monday – 3 tips for Setting Yourself for Retirement originally broadcast on Facebook Live on Monday 16 July 2018.
Today on Fast Fix Monday we’re going to share the top three tips for setting yourself up for retirement.
1. Increase your profits and personal wealth
This might sound obvious but not enough people are thinking about this. How much money do you need to retire? Figure out that number and work to achieve it.
2. Keep your lifestyle in check
Whenever your income increases your expenses seem to increase as well. Take care to keep your purchases in check. Follow the 24/7 rule. Wait 24 hours for small purchases and 7 days for big ticket items.
3. Create a money plan to save
Some people think that saving 10-15% of their income will be enough but it often isn’t. You’ll be amazed at how quickly your money will grow if you do this diligently.