In the April 2017 issue of Money Magazine, the Editor, Diane Harris, represents that one can achieve financial security and even greater wealth by adhering to a discipline and series of steps. But on the most basic level, the keys to financial security can be boiled down to three steps.
- Have six months of living expenses stashed in a safe, liquid account to help you through life's inevitable bumps.
- Automate your retirement savings and boost your contributions by a percentage point every time you get a raise.
- Spend mindfully, weighing each purchase against your goals. And when you do part with cash, favor spending on experiences and people you love over stuff--science confirms the former makes you happier than the latter.
Here's to a rich life for all of you.