If we look at affluent individuals, what are the common actions they are taking to be financially successful? Can we categorize certain traits and characteristics that wealthy people share? That’s what our new series, “5 Habits Of Financially Effective People,” is going to focus on. We start off the series by discussing the importance of keeping a long term perspective when it comes to investing. We’ll discuss why market timing almost never works and the power of compounding interest.
It is widely known that the more you save now, the better off you will be later on. But some people that don’t have significant retirement savings are looking at retiring within the next decade. What’s the best course of action to catch up? Taylor and Brad will discuss some strategies you can use in order to build up a retirement savings and the importance of focusing on factors you are able to control.