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Keys to Financial Security Boiled Down to Three Basic Steps

March 29, 2017
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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.

  1. Have six months of living expenses stashed in a safe, liquid account to help you through life's inevitable bumps.
  2. Automate your retirement savings and boost your contributions by a percentage point every time you get a raise.
  3. 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.