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There are no fast fixes. Slow and steady wins the race. It takes practice. What you do may be more impactful than what your investments do.
1. Save more: How often do you spend $50-100 on dinner? Start an IRA today and add $100 to your retirement contribution monthly. Better yet? Make it a Roth IRA.
2. Cut financial “carbs”: We all have at least one thing we can cut from our monthly spending. What’s yours?
3. Be honest: The first step to recovery is acceptance. Is your head in the sand?
Financial planning should be guilt-free. You’re worth it.
– Andrea Romero, Faubourg Private Wealth (Article submitted by the New Orleans Chamber of Commerce), The New Orleans 100